DLL shortlisted for circular economy award

Global asset based financial solutions specialist DLL has been shortlisted as one of the finalists for the award for the Circular Economy Investor organized by the World Economic Forum’s young global leaders in collaboration with US consultancy Accenture.

Known as the “Circulars”, the awards recognize individuals and organizations from commerce and civil society that have made a notable contribution to driving circular economy principles. The circular economy offers a new way to maximize the use of the world’s resources and ensures business has a positive impact on people and planet, marrying environmental goals with those of driving commercial success.

“We are thrilled to receive this recognition for our contribution to the drive to the circular economy,” says Rob van den Heuvel, senior vice president global asset management at DLL. “In a world with a growing population, it is vital to invent new circular models that make better use of precious natural resources and at the same time underpins innovation and commercial success. It is immensely exciting that through our work in this area and the bold steps taken by our partners, we can see this transition taking shape in front of our eyes.”

DLL offers tailored financial solutions to its customers, manufacturers and dealers across nine industries, to develop circular business models that provide second and third product life cycles and profitable, new business revenue streams. With its specialized lifecycle asset management (LCAM) program, it is able to encourage many of its customers to expand the full technical life of their equipment via remanufacturing and refurbishing.

DLL’s second life equipment financing investments grew from 1% in 2013, to 5% in 2015, and the company aims to have this percentage grown towards 20% by 2020.

The final winners of the Circulars will be announced at a ceremony at the World Economic Forum’s annual meeting in Davos in January 2016.