ARVAL and ClimateSeed have joined forces in a worldwide environmental partnership to help fleet customers accelerate their transition to low-carbon mobility.
Targeting organisations which are already embarking on a decarbonisation process, the partnership will offer clients the ability to make ‘climate contributions’ and offset emissions through projects to reduce carbon at a company or fleet level, supporting their corporate social responsibility (CSR) objectives.
Both organisations are owned by one of Europe’s top-ranking banks, PNP Paribas. Led by Arval Consulting, customers are helped set their own Sustainable Mobility and Responsibility Targets (SMaRT) by creating a CO2 emission reduction plan for the fleet and calculating their new carbon footprint.
Using this methodology, customers may find residual CO2 emissions that they will not be able to eliminate in the short- term. In this situation the new partnership steps in via the ClimateSeed platform, which offers the ability to buy carbon credits and contribute to reduction projects, obtaining a certificate to record their contribution. ClimateSeed also provides customers with an internal and external communications kit to help them communicate their positive environmental impact.
This partnership will benefit both companies and their customers. For ClimateSeed, it will give as many people as possible access to its catalogue of certified projects. For Arval, it provides an additional step in reinforcing its commitment as leader in sustainable mobility within its new ‘Arval Beyond’ strategy.
In 2019 Arval conducted a strategic review that confirmed customer expectations had profoundly changed in terms of mobility and environmental impact. The result was Arval Beyond – a five-year plan from 2020 that not only strengthening its historical business model, but went beyond it to become the industry benchmark in terms of sustainable mobility solutions.
ClimateSeed is the first social business launched in collaboration with the team of Nobel Peace Prize winner, social entrepreneur and economist Professor Muhammad Yunus. Arval and ClimateSeed are committed to reinvest all profits either for the benefit of Arval’s clients (sustainability training programmes, employee awareness initiatives) or towards the creation of new climate contribution programmes.
Commenting on the partnership, Shams Dine El Mouden, Arval International Consulting Director, said: “We are very happy to launch this new cooperation with our natural partner ClimateSeed, as we are both part of the same Group, BNP Paribas. In an environment where reliability is key, it is fundamental to offer Arval’s customers the possibility to work with a trusted climate partner to achieve their CSR objectives.”
ClimateSeed CEO, Sébastien Nunes, added: “ClimateSeed is proud to be Arval’s climate partner and provide its customers with a solution to accelerate the transition to low-carbon mobility. Decarbonisation and contribution to CO2 reduction projects are necessary steps to reach global carbon neutrality. All projects not only have positive environmental and social impacts, but also support local communities and protect the planet and its biodiversity.”
Arval UK, part of the Arval Group, is a leading provider of vehicle funding, fleet management and sustainable mobility solutions. Backed with the substantial buying power of PNB Paribas, Arval funds more than 175,000 cars and vans in the UK.
Earlier this month, the Association of Fleet Professionals (AFP) set out to define and broaden out mobility management for industry through a document called ‘The Definition of Mobility’. The Association warned that mobility is likely to be the biggest new challenge for fleet managers during the next decade.