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New report shows how asset finance firms go green
03/04/2007
A new report looks into why businesses can finance assets that contribute less to climate change, it has emerged.
Green Opportunity: Accelerating the Financing of the Low Carbon Assets highlights the ways in which asset finance companies can shift their spending to help the environment, reports Business Credit Management.
Produced by the UK Social Investment Forum (UKSIF), the study predicts that companies' attitudes are now changing regarding the act of financing lower carbon assets.
Penny Shepherd, UKSIF's chief executive, said: "As concern about climate change and future energy costs gain ever greater exposure the opportunities to finance the shift to a low-carbon economy will increase.
"We concluded that this offers a new opportunity for growth that the asset finance industry is well placed to seize."
Sam Geneen, chairman at the Finance and Leasing Association, added that his company is looking forward to following up the UKSIF report, suggesting that there is "a significant opportunity for our asset finance members to support the use of low-carbon capital equipment", as well as increase new business.
Some of the UK's largest businesses will meet in the spring for the Prince of Wales' May Day Business Summit on Climate Change.
Green Opportunity: Accelerating the Financing of the Low Carbon Assets highlights the ways in which asset finance companies can shift their spending to help the environment, reports Business Credit Management.
Produced by the UK Social Investment Forum (UKSIF), the study predicts that companies' attitudes are now changing regarding the act of financing lower carbon assets.
Penny Shepherd, UKSIF's chief executive, said: "As concern about climate change and future energy costs gain ever greater exposure the opportunities to finance the shift to a low-carbon economy will increase.
"We concluded that this offers a new opportunity for growth that the asset finance industry is well placed to seize."
Sam Geneen, chairman at the Finance and Leasing Association, added that his company is looking forward to following up the UKSIF report, suggesting that there is "a significant opportunity for our asset finance members to support the use of low-carbon capital equipment", as well as increase new business.
Some of the UK's largest businesses will meet in the spring for the Prince of Wales' May Day Business Summit on Climate Change.