[Paris, France –14 April 2026] 

BNP Paribas Leasing Solutions, a leading provider of business equipment finance, has signed an agreement with Carrier, global leader in intelligent climate and energy solutions, to establish a strategic financing agreement across Europe. The agreement sets the foundation for a multi-country financing partnership to support Carrier’s commercial customers with financing solutions. 

Under this agreement, BNP Paribas Leasing Solutions and Carrier will offer finance leases and hire-purchase solutions for commercial HVAC equipment including heat pumps, chillers, boilers and air handling units. The collaboration is designed to enable Carrier’s European affiliates to deliver equipment to end-users with attractive financing options. 

As businesses across Europe face rising energy costs, increasing regulatory pressure and the need to accelerate the transition to more energy-efficient and electrified systems, access to flexible financing is becoming a critical enabler of adoption. 

The partnership extends across major European markets such as Germany, France, the United Kingdom, Spain, Portugal, Italy, Austria, Belgium, the Netherlands and Poland, with the potential to reach additional EU countries in the future.  

A statement from BNP Paribas Leasing Solutions: 
“We are proud to partner with Carrier to make high-quality, energy-efficient equipment more accessible across Europe. This agreement demonstrates how innovative financing can support business growth while contributing to sustainability goals,” said Pascale Favre, Managing Director for BNP Paribas Leasing Solutions’ technology leasing division. 

A statement from Carrier: 
“This agreement enables Carrier to deploy advanced HVAC systems on a lease basis to our customers, accelerating adoption of more energy-efficient technologies across Europe,” said Marc Eckerhall, Executive Director Services & Aftermarket, Climate Solutions Europe, Carrier.  

– END – 

About BNP Paribas Leasing Solutions 
BNP Paribas Leasing Solutions offers capital-efficient business equipment financing solutions in key sectors including agriculture, construction, transportation, materials handling, ICT, healthcare, and green tech. Drawing on its 70-year history, its partners and clients rely on its market expertise, asset know-how, and advisory services to propel their growth, transformation, and transition to a low-carbon circular economy.  

For more information, visit leasingsolutions.bnpparibas.com 

About Carrier 
Founded by the inventor of modern air conditioning, Carrier is a world leader in high-technology heating, air-conditioning, digital platforms and building automation systems. Carrier provides sustainable solutions, integrating energy-efficient products, controls and service for commercial applications, including data centers, healthcare facilities, schools, retail centers, office spaces and more. Carrier is a part of Carrier Global Corporation, global leader in intelligent climate and energy solutions, committed to creating innovations that bring comfort, safety and sustainability to life. For more information, visit www.carrier.com or follow us on LinkedIn.  

Carrier. For the World We Share.  

  

At BNP Paribas Leasing Solutions, our purpose is clear: to unlock the circular economy to sustain the world we share. 

This is not a sustainability statement added alongside our business strategy. It reflects how we believe equipment markets are evolving – and where long-term value will be created. 

Across Europe and beyond, expectations are changing. Customers want flexibility. Regulators expect longer product lifecycles. Secondary markets are becoming more structured. Equipment is expected to deliver performance over time – not just at the point of sale. 

For manufacturers and suppliers, this raises a strategic question: 

How do we design commercial models that keep assets productive for longer – while protecting margin and strengthening customer relationships? 

Traditional equipment sales are built around ownership transfer.But ownership is not always what customers prioritise. Increasingly, they want: 

  • Access instead of capital commitment 
  • Predictable monthly costs 
  • Guaranteed uptime and service 
  • Flexibility to upgrade or scale 

Usage-based and rental models respond directly to these needs. They also allow OEMs and distributors to: 

  • Stay connected to assets beyond first delivery 
  • Organise refurbishment and second-life channels more effectively 
  • Retain greater visibility over residual value 
  • Build recurring revenue streams 

This is not theory. It is commercial logic aligned with market reality. 

Leasing as a Strategic Enabler 

Leasing is often seen as a financing solution that supports sales. But in a circular context, it can do more. When structured deliberately, leasing becomes a framework for: 

  • Usage and rental programmes 
  • Take-back and redeployment 
  • Lifecycle extension 
  • Professional remarketing 

It creates continuity between first use and subsequent use. That continuity is what makes circularity operational – not aspirational. 

Working with OEMs to Make It Real 

Unlocking the circular economy requires alignment across the equipment ecosystem. 

Our role is to work alongside OEMs, distributors and dealer networks to develop models that are: 

  • Commercially viable 
  • Operationally manageable 
  • Scalable across markets 

This includes supporting: 

  • Usage-based leasing and rental offers 
  • Refurbishment strategies 
  • Structured second-life deployment 
  • Data visibility across the asset lifecycle 

Through partnerships with manufacturers and equipment suppliers, as well as our collaboration with BNP Paribas 3 Step IT, we are contributing to models that integrate financing, asset management and refurbishment capabilities. 

These initiatives are not presented as complete solutions. They are disciplined steps toward more controlled and sustainable equipment lifecycles. 

A Leadership Opportunity 

The transition toward circular models will not happen uniformly across sectors. Some manufacturers will move cautiously. Others will test hybrid approaches. A few will shape the standards that others follow. Those who take early steps to integrate usage, lifecycle management and structured redeployment into their commercial strategy can: 

  • Differentiate their offer 
  • Strengthen long-term customer value 
  • Improve control over used-equipment channels 
  • Position themselves credibly in a market that increasingly values resource efficiency 

The circular economy is not achieved through declarations. It is built through operating decisions.

Purpose in Action 

Our commitment to unlock the circular economy means focusing on what we can influence: 

  • Designing financing solutions that encourage usage. 
  • Supporting partners ready to extend asset lifecycles. 
  • Building frameworks that keep equipment in productive use for longer. 

We do not claim that the circular economy is already realised. But we believe it will be shaped by practical collaboration between manufacturers, suppliers and financing partners who are willing to evolve. And we are committed to being one of those partners. 

Agriculture and construction are foundational to the real economy. They produce, build and sustain the infrastructure on which communities depend. Their performance is shaped not only by engineering innovation, but by how confidently businesses can invest in that innovation.

Today, the technology exists to make these sectors more efficient and less resource intensive. Smarter machinery, alternative fuels and precision systems are increasingly available. The question is not whether progress is possible – it is how to accelerate adoption in a way that works commercially for customers and strategically for partners.

That is the role of the Joint Venture (JV) between CNH Capital and BNP Paribas Leasing Solutions.

By structuring usage-based financing aligned to operational realities, the JV helps ensure that innovation reaches the field – not just the brochure.

Supporting investment that makes sense

In asset-heavy sectors, equipment decisions are long-term decisions. Operators balance productivity, cost, cash flow and risk. Even when newer models offer meaningful improvements in efficiency or emissions performance, replacement can be delayed if the investment feels disproportionate.

Usage-based models offer a different path.

By aligning payments more closely with how equipment is used, they reduce the burden of large upfront commitments and give operators flexibility to renew fleets at the right moment. Investment becomes progressive rather than disruptive.

For manufacturers and distributors, this creates a more consistent renewal dynamic. Innovation adoption becomes smoother. Relationships extend beyond a single transaction and into lifecycle support.

This is not about shifting ownership for its own sake. It is about structuring access in a way that strengthens long-term performance.

Building healthier equipment ecosystems

Circular progress depends on assets moving productively through more than one life.

The JV integrates lifecycle thinking into financing design. When equipment is renewed under usage-based structures, it does not simply disappear from view. It is redeployed, remarketed, reused – in a managed way.

This creates tangible benefits across the ecosystem:

  • Customers gain access to the latest technology without unnecessary delay
  • Secondary markets are supported with well-maintained assets
  • Partners retain visibility across the lifecycle
  • Equipment continues delivering value beyond first use

Rather than stretching ownership to its limits, the focus shifts to maintaining performance and circulation.

Enabling broader operational solutions

Progress in these sectors is not limited to machinery alone.

Through the JV, financing can also support system-level innovations. For example, methane capture and utilisation technologies developed by companies such as Bennamann enable agricultural operators to convert methane emissions into usable fuel. This reduces waste while reinforcing on-site energy resilience.

Such solutions require practical financial structuring to make implementation viable. Usage-based approaches allow cost to align with operational benefit, supporting adoption without creating excessive financial strain.

This is where financing supports operational transformation – not by imposing change, but by enabling it.

Partnership as a long-term enabler

The strength of the JV lies in combining sector expertise with structured financing capability.

CNH Capital brings deep understanding of equipment performance and distribution networks.
BNP Paribas Leasing Solutions contributes funding capacity, structuring experience and multi-market reach. Together, this creates a coordinated model where financing is embedded within industrial strategy.

For partners, it provides a framework that supports innovation rollout and strengthens customer relationships. For customers, it offers access models aligned with how they operate. For the wider economy, it sustains investment in sectors that are essential to growth and employment.

Progress designed to last

Circular progress does not happen through isolated initiatives. It emerges when commercial models encourage better use of assets over time. When financing is structured around usage and lifecycle:

  • Equipment is renewed at a pace that reflects operational needs
  • Assets remain productive across multiple lives
  • More efficient technologies are adopted earlier

In this way, circular progress becomes a natural outcome of sound economic design.

By supporting investment in essential equipment, – and structuring usage around real operational realities – the JV supports the strength of the real economy today, while enabling more efficient and sustainable asset use over the long term.

As organisations accelerate their digital transformation efforts, the volume of IT equipment in circulation continues to grow, and so does the challenge of managing it efficiently and responsibly. 

At BNP Paribas Leasing Solutions, our purpose “committed to unlocking the circular economy to sustain the world we share” comes to life through concrete actions. One of the most significant is our partnership with BNP Paribas 3 Step IT, a joint venture combining the financial expertise of BNP Paribas Leasing Solutions with the circular lifecycle management capabilities of 3stepIT, a recognised leader in the sector. 

Together, we are helping organisations move from traditional, linear consumption models toward a smarter, more sustainable way of financing, using, and renewing technology. 

A Joint Venture designed for circularity and efficiency 

BNP Paribas 3 Step IT was created in 2019 with a clear vision: enable businesses to adopt a more sustainable, secure and financially efficient technology model by embedding circularity throughout the entire lifecycle of IT equipment. 

The joint venture empowers organisations to procure devices cost‑effectively, manage them with full transparency, and recover value at end‑of‑use through certified refurbishment and secure processing. This approach supports customers in achieving their operational, financial, and sustainability goals, without compromising one for the other. 

A major milestone: our refurbishment and remarketing centre in France

The opening of the BNP Paribas 3 Step IT refurbishment centre in Buchelay, France, marks a significant step forward in strengthening Europe’s circular technology infrastructure. Designed to process an initial 200,000 devices per year, with capacity scaling to 400,000 units annually, the centre enables secure, efficient, and compliant handling of IT assets at the end of their first lifecycle.

Here, devices such as laptops, desktops, smartphones, tablets and servers enter a fully controlled process that includes:

  • complete data sanitization using industry‑leading standards
  • detailed inspection and technical grading
  • refurbishment and preparation for reuse
  • responsible recycling via certified partners when refurbishment is not possible

This capability reinforces BNP Paribas’ commitment to advancing the circular economy across Europe and supports organisations seeking to reduce electronic waste, extend asset life, and unlock residual value. The centre also upholds strong social commitments by integrating inclusive recruitment practices that support people with disabilities, those in reintegration pathways, and seniors.

A platform for end-to-end lifecycle management : from financing to a second life

Circular lifecycle management is not simply a sustainability initiative: it is a smarter operational model.

When IT assets are financed and managed within a structured lifecycle plafform, organisations benefit from:

  • greater visibility into where devices are, how they are used, and when they need to be refreshed
  • proactive cost optimisation, including competitive residual value‑based financing
  • secure and compliant data governance, with certified erasure at end‑of‑use
  • reuse pathways that give devices a meaningful second life and reduce premature disposal

This approach helps maintain the value embedded in technology while reducing emissions associated with manufacturing new equipment, a crucial component of modern ESG strategies. It also simplifies compliance with evolving European circularity and e‑waste regulations, an area of growing importance for all organisations.

A social commitment in line with our Employer Brand  

The centre also upholds strong social commitments by integrating inclusive recruitment practices that support people with disabilities, those in reintegration pathways, and seniors, via its Disability Mission. 

Testimonials for Hellowork, such as that of Christophe, an employee recruited through the Disability Mission, highlight the positive impact of these policies: they provide a new professional chance and contribute to the creation of rewarding career paths in technical jobs related to the circular economy. 

One step further towards sustainable models

This new centre perfectly illustrates how practical solutions such as IT refurbishment can support an efficient circular economy, address environmental challenges related to electronic waste, and offer inclusive career paths to our employees. 
 
By combining innovation, sustainability and inclusion, BNP Paribas 3 Step IT and BNP Paribas Leasing Solutions truly help propel the circular economy, in line with our purpose and our vision of a more sustainable and shared world.

Find out more about BNP Paribas 3 Step IT.

At BNP Paribas Leasing Solutions, we believe the circular economy is not achieved through declarations alone. It is built through practical models that prioritise usage over ownership, maximise material efficiency, and extract full value from the resources embedded in every asset. 

Our partnership with Aprolis is a clear example of how this ambition is translated into action – turning equipment financing into a driver of durability, reuse, and long-term performance. 

The joint venture Aprolis Finance*, created by Aprolis and BNP Paribas Leasing Solutions, is a perfect illustration of this approach. 

Aprolis: A model built on subscription and durability 

A subsidiary of the Monnoyeur Group*, Aprolis specialises in full-service rental for material handling equipment. Its business model is rooted in a core circular principle: maximise the intensity and lifespan of each machine before new resources are consumed. 

Forklifts and pallet trucks typically have a lifecycle of around 15 years or 15,000 operating hours, enabling two to three successive usage cycles. To fully unlock this potential, Aprolis has invested in a dedicated reconditioning centre in Calais, focused on refurbishing equipment at the end of its first rental contract (after around five years). Rather than replacing assets prematurely, Aprolis extends their productive life, ensuring that the materials, energy, and manufacturing effort embedded in each unit are fully utilised. text, leasing can act as a connector between manufacturers, users, service providers and second-life operators – helping to build more integrated lifecycle ecosystems. 

Reconditioning: Extending value, reducing negative impact 

At the Calais centre, machines undergo a complete inspection, refurbishment, and certification process aligned with “Gold and “Silver” quality standards. This includes: 

  • Mechanical and safety upgrades 
  • Performance optimisation 
  • Used component replacement 
  • Quality certification 

For electric forklifts, refurbishment may also include replacing lead-acid batteries with lithium technology, improving energy efficiency, reducing environmental impact, and extending operational life. 

Once reconditioned, equipment is returned to the rental fleet with a warranty. Each additional usage cycle extracts more value from the original materials and significantly reduces the need for new production. After multiple cycles, machines may still serve occasional or secondary needs before being recycled or dismantled for parts reuse at end of life. 

This approach can save up to 89% of CO₂ emissions compared with manufacturing a new unit – while delivering reliable, ready-to-deploy solutions for customers. are still developing, they illustrate how usage-based approaches can further align economic and environmental objectives.

“Reconditioning and full‑service rental allow us to combine economic performance with environmental responsibility. It’s a key lever to reduce our impact while meeting the real needs of our clients.” 

Benjamin de Castelnau, CEO of Aprolis

Aprolis Finance: enabling long-term susbscription  

For more than 30 years, BNP Paribas Leasing Solutions has supported this model through the Aprolis Finance joint venture.   

This long-term financing approach aligns economic performance with material efficiency and lifecycle optimisation. The partnership demonstrates how leasing, when designed with a long-term perspective, becomes a catalyst for sustainable resource use by: 

  • Prioritising usage over ownership 
  • Extending equipment lifespans 
  • Supporting refurbishment and reuse 
  • Limiting waste and material loss 

Together, we are proving that usage is not only an economic lever – it is a sustainability lever, enabling businesses to extract full value from the resources they rely on, while building a more sustainable and shared future. 

* Aprolis Finance is a joint venture owned 51% by BNP Paribas Leasing Solutions and 49% by Aprolis. 

**The Monnoyeur Group is an international family-owned group specialising in the distribution of industrial, energy, construction, and agricultural equipment. 

In our first article, Unlocking the Circular Economy Through Use, we shared how our purpose reflects a long-term ambition – and why progressing towards more circular models requires practical, collaborative action. 

One of the most important levers in this journey is usage. 

At BNP Paribas Leasing Solutions, our purpose commits us to unlocking the circular economy to sustain the world we share. Turning this ambition into reality requires more than intention. It requires business models that support longer asset lifecycles, improved resource efficiency and responsible end-of-use management. 

This is not simply a change in terminology. Usage transforms how organisations access equipment, manage it over time and create value. It reshapes incentives and responsibilities across the entire asset lifecycle. 

For decades, economic performance was largely built on ownership. In a context of resource constraints, rapid technological change and rising environmental expectations, this model is increasingly under pressure. 

At BNP Paribas Leasing Solutions, we advocate a different approach: use better rather than own more. By prioritising performance and longevity over volume, usage-based models help reduce waste and improve asset productivity. 

Usage enables organisations to optimise utilisation, extend lifecycles and limit losses linked to underuse or premature obsolescence. It also supports more flexible solutions that can adapt to evolving operational needs. 

Leasing: A Model Built Around Usage 

By design, leasing and rental solutions are based on access rather than ownership. They enable organisations to benefit from high-performing equipment while integrating a longer-term perspective on maintenance, performance and end-of-use management. 

Within a usage logic, leasing and rental can contribute to circularity in several ways: 

  • assets are more systematically monitored and maintained 
  • repair, refurbishment and redeployment are facilitated 
  • residual value is actively managed across multiple usage cycles 

This structured approach helps preserve asset value while improving environmental performance. According to the European Environment Agency, extending product lifespans is among the most effective levers for reducing environmental impact. 

In this context, leasing can act as a connector between manufacturers, users, service providers and second-life operators – helping to build more integrated lifecycle ecosystems. 

Towards More Advanced Usage-Based Models 

Beyond traditional leasing, more advanced models are emerging, including Product-as-a-Service (PaaS). In these approaches, value is increasingly linked to performance or service outcomes rather than product ownership. 

Such models encourage: 

  • more durable and repairable product design 
  • optimised maintenance strategies 
  • improved end-of-life planning and recovery 

They also require adapted financial, contractual and data frameworks to manage long-term performance and risk. 

While these models are still developing, they illustrate how usage-based approaches can further align economic and environmental objectives.

Progress Through Partnership 

As highlighted in our first article, circularity depends on collective action. 

Progress relies on close collaboration between manufacturers, distributors, service providers, users and recyclers. No single actor can deliver systemic change alone. 

Our role is to help connect these stakeholders, structure sustainable financing solutions and support the maturity of usage-based ecosystems over time. 

By supporting this transition, we help organisations balance operational efficiency, environmental responsibility and long-term value creation. We create the conditions for assets to be used more intensively, maintained more effectively and retained within circular systems for longer. 

Progress remains gradual. Capabilities continue to evolve. But by working step by step with our partners, we are contributing to the long-term maturity of the circular economy – in line with our purpose to sustain the world we share. 

At BNP Paribas Leasing Solutions, our purpose is clear: we are committed to unlocking the circular economy to sustain the world we share. 

This ambition guides our strategy, our solutions and our long-term commitments. But it can only become a reality through the people who bring it to life every day: our employees. 

Delivering on our purpose requires more than strong intentions. It requires engaged, skilled and supported teams who are empowered to contribute, develop and thrive. That is why our employer promise is built around three pillars: Shape, Grow and Thrive. 

Together, they reflect how we support our people in contributing to a more sustainable future – while building meaningful and rewarding careers. 

Shape a Better Future 

Shape is about enabling our employees to actively contribute to the transformation of our business and operating models. We encourage initiative, collaboration and innovation so that everyone can have a tangible impact – on our activities, our customers and the communities we serve.

By involving our teams in the development of responsible, forward-looking solutions, we create opportunities to turn ambition into action. 

Discover how we empower our people to shape a better future.
Discover more >>

Grow Your Career 

The transition towards more sustainable and resilient models requires strong, evolving skills and continuous learning. Through Grow, we support our employees in developing their expertise, expanding their career paths and strengthening their long-term employability.

Training programmes, mobility opportunities and personalised development pathways enable our people to progress –  while reinforcing our collective ability to respond to economic, environmental and technological change. 

By investing in talent, we invest in our future. 

Discover how we help our people cultivate their potential. Discover more >>

Thrive in a Positive Culture 

Thrive means creating the conditions for everyone to flourish – professionally and personally. 

We are committed to fostering a working environment built on trust, inclusion, diversity and well-being. We promote respectful dialogue, work-life balance and psychological safety, recognising that sustainable performance depends on engaged and fulfilled teams. 

A positive culture is not an aspiration. It is a responsibility we take seriously every day. 

Discover how we support our employees to thrive.
Discover more >>

A Purpose Powered by People 

Our purpose is ambitious. Delivering it requires people who are empowered, supported and inspired. 

By helping our employees Shape, Grow and Thrive, we enable them to fully contribute to our mission – and to their own professional journey. Together, we are building a company capable of addressing the challenges of the transition to more circular, responsible and inclusive models. 

Because unlocking the circular economy starts with unlocking the potential of our people. 

At BNP Paribas Leasing Solutions, our purpose is clear: we are committed to unlocking the circular economy to sustain the world we share.

This purpose reflects an ambition. It recognises both the urgency of environmental challenges and the responsibility of financial services to support more sustainable models of production and consumption. It guides our long-term direction and informs how we work with partners at a time when organisations are rethinking business models to balance performance, resilience and sustainability.

We are not claiming to have “solved” circularity. We are on a journey – working step by step with our partners to make circular practices more mature, more scalable and more impactful over time.

What the Circular Economy Means – and Why It Matters 

The circular economy offers an alternative to the traditional linear model of take, make, use, dispose. Instead, it aims to:

  • reduce pressure on natural resources
  • extend the useful life of products and components
  • keep materials and assets in circulation for longer through reuse, refurbishment, remanufacturing and recycling

This transition is now a priority in Europe, notably through the European Commission’s Circular Economy Action Plan, which encourages longer product lifespans, improved end-of-life management, and the development of usage-based economic models.

Beyond environmental considerations, circularity also represents a significant economic opportunity. According to the Ellen MacArthur Foundation, circular business models could unlock trillions of dollars of value globally, while helping rebalance resource consumption with ecosystem regeneration.

For businesses, this means rethinking not only how products are designed and manufactured, but also how they are financed, maintained, used and recovered.

Why Usage Matters More Than Ownership

At BNP Paribas Leasing Solutions, we see use rather than ownership as a practical lever for advancing circularity.

When assets are financed through usage-based models such as leasing or rental, responsibility for performance and value is shared across the lifecycle. This creates incentives to manage equipment more actively and sustainably.

In practice, usage models can help to:

  • optimise asset utilisation through monitoring, servicing and structured maintenance programmes
  • extend lifecycles by enabling repair, refurbishment and component replacement rather than premature disposal
  • improve end-of-use outcomes by facilitating asset recovery for reuse or recycling

Crucially, usage models make it easier to keep assets within professional management frameworks, where their condition, performance and residual value can be actively managed over time.

Our Commitment in Action

Bringing our purpose to life means working collaboratively across the value chain.

Today, our focus is on:

  • supporting partners in developing usage-based commercial offers
  • integrating financing into asset lifecycle strategies
  • helping to develop secondary markets and asset recovery processes

We recognise that progress depends on collective action. Circularity cannot be delivered by finance alone. It requires alignment between manufacturers, service providers, users, recyclers and policymakers. Our role is to help connect these stakeholders and remove financial barriers to more sustainable practices.

A Journey Towards a Sustainable and Shared Future

At BNP Paribas Leasing Solutions, we do more than finance equipment. We support businesses in moving towards more sustainable patterns of consumption – where value is created through performance and longevity, not volume and disposability.

We are still building capabilities. Many circular models remain at an early stage. Measurement frameworks, infrastructure and market maturity continue to evolve. There is more to do.

But by focusing on usage, partnerships and lifecycle management, we are laying practical foundations for progress.

Our purpose reflects this long-term commitment: to unlock the circular economy to sustain the world we share – step by step, together with our partners and clients.

Innovative solution delivers automated financial relief, boosting resilience and cash flow for farmers affected by extreme weather conditions.

Madrid, Spain – 2 February 2026

CNH Capital together with BNP Paribas Leasing Solutions, and in collaboration with Shepherd Compello and Swiss Re, today announced the launch of an innovative Parametric Service designed to offer a new level of financial security to agriculture customers across Europe.

How the Parametric Service works

Unlike insurance, which often requires lengthy assessments, this new service is built on transparency and speed. It is a contractual parametric service integrated directly into CNH Capital’s financing agreements and is designed to mitigate the financial cost of machine “non-use” during periods of extreme weather.

  • Parameter-Driven: the service is activated automatically when pre-agreed weather triggers – based on the intensity and duration of excess rain or drought – are met, as measured by independent, verifiable data satellite sources.
  • Automatic Reimbursement (no claim required): since the payout is triggered by objective weather data rather than physical damage to the machine, the customer does not need to submit documentation or undergo a complex claims process.
  • Financial Support: upon activation, the customer automatically receives a reimbursement equivalent to one monthly installment (per year). This provides a cash flow injection exactly when adverse weather disrupts their operations.

The service begins its phased rollout this month, starting in Spain, with a plan for broader European availability throughout 2026.

Executive perspectives on the partnership

This initiative builds on Swiss Re’s parametric experience, leverages Shepherd Compello’s specialized risk expertise to further strengthen the 25-year Joint Venture between CNH Capital and BNP Paribas Leasing Solutions.

Elias Mendes, Head of CNH Capital in EMEA, states: “This partnership is a testament to our unwavering commitment to the sustainability and operational resilience of our customers in Europe. Agriculture is increasingly impacted by climate volatility, and this service provides a simple, immediate financial safety net. By leveraging our long-standing Joint Venture with BNP Paribas Leasing Solutions and working with Shepherd Compello and Swiss Re, we have embedded innovation directly into our financing, ensuring our customers have the flexibility to manage external risks.”

Stefania Mancuso, Business Developer Officer at Shepherd Compello, adds: “Our primary goal was to design a responsive risk transfer mechanism that prevents the risk of traditional approaches. The parametric model is the future of climate risk management because it is driven by independent, verifiable data. This system provides certainty and automatic liquidity when weather conditions prevent farmers from using their equipment, ensuring they can focus on recovery rather than bureaucracy.”

Florence Roussel Pollet, CEO for the JV in BNP Paribas Leasing Solutions, comments: “Integrating this service seamlessly into the equipment financing offer enhances the value proposition we bring to the market. It represents a new milestone in our 25-year partnership with CNH Capital, demonstrating how financial services can evolve to properly address the customers’ needs and here manage climate risks and support the essential activities of the agricultural sector. Our collaboration reinforces our commitment to financial innovation and as a result to the long-term success of our mutual customers.”

Gianni Biason, Senior Underwriter Special Risks at Swiss Re, concludes: “We’re pleased to have worked together to design an innovative solution that will deliver real value to farmers in Spain facing more frequent weather risks. The cooperation with CNH Capital, Shepherd Compello and BNP Paribas Leasing Solutions is a strong example of how we work with our partners to bring parametric solutions to the market, while creating a scalable model that can be replicated across countries.”

ABOUT THE PARTNERS

CNH Capital is the captive financial provider for the CNH family of brands, specializing in agricultural and construction equipment and technologies. CNH Capital supports customers and dealers with a dedicated suite of financial solutions through various wholly owned subsidiaries, joint ventures, and vendor programs around the world. www.cnhcapital.com

Shepherd Compello is a specialized Lloyd’s insurance broker focused on innovative risk management and bespoke insurance solutions for corporate clients globally. They specialize in creating data-driven parametric solutions that address modern environmental and operational challenges. www.shepherdcompello.com

BNP Paribas Leasing Solutions offers capital-efficient business equipment financing in key sectors including agriculture, construction, transportation, and green tech. As part of the BNP Paribas Group, it supports the transition to a low-carbon circular economy through market expertise and asset know-how. www.leasingsolutions.bnpparibas.com

The Swiss Re Group is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. It anticipates and manages risk – from natural catastrophes to climate change, from ageing populations to cyber crime. Swiss Re has a Centre of Competence for parametric insurance and feature tens of years of experience in both parametric insurance and reinsurance. www.swissre.com

For more information contact:

Marzia Paciantoni Financial Services EMEA Communication and Branding, CNH Capital

E: marzia.paciantoni@cnh.com

Emily Power Marketing and Communication, Shepherd Compello

E: emily.power@shepherdglobal.com

Suhale Vorajee Corporate Communications, BNP Paribas Leasing Solutions

E: suhale.vorajee@bnpparibas.com

Media Relations Swiss Re

E: media_relations@swissre.com

Since 1997, the joint venture (JV) between CNH and BNP Paribas Leasing Solutions has been empowering customers across Central Europe with flexible, integrated financing. By combining industrial and financial expertise, the partnership helps businesses invest efficiently in agricultural and construction equipment – fuelling productivity, innovation, and long-term customer value.

What began as a financial partnership has evolved into a strategic alliance that strengthens sales, deepens customer relationships, and drives transformation across industries.

“The JV allows us to deliver competitive financing solutions directly integrated with equipment sales,” says Doug MacLeod, President, Financial Services at CNH. “It’s not just about funding – it’s about building loyalty and making financing a strategic business driver.”

Operational excellence through collaboration

One of the JV’s greatest strengths is its collaborative governance model. Regular steering meetings and operational reviews enhance coordination, decision-making, innovation and speed to market.

“These structures improve communication and help us act quickly, streamlining information flows and reducing risk,” explains Florence Roussel Pollet, CEO for the JV. “Together, we adapt our processes to local market realities to maintain operational excellence.”

Digitalisation is also transforming the way the JV operates. New self-serve portals for partners and clients, along with tools to track dealer satisfaction, are streamlining sales cycles and embedding a culture of continuous improvement and consistent customer experience.

“Having a joint venture with a trusted partner has allowed us to grow with certainty of funding and a controlled cost of risk,” adds Doug. “Digital tools have made us faster, more agile, and they allow us to provide an exceptional customer experience.”

Financing the future: Sustainability and transformation

As industries transition toward greener, smarter technologies, the JV is helping customers finance sustainable solutions. CNH’s environmental ambitions are reinforced by tailored financial products that support the adoption of alternative energy equipment and circular-economy practices.

“Sustainability is a core focus for us,” notes Doug. “We’re developing financial products that support biomethane and electric machines, remanufactured parts, and insurance solutions that protect against climate-related risks.”

These initiatives directly advance CNH’s Environmental, Social and Governance (ESG) strategy – driving both environmental responsibility and customer resilience.

Supporting new business models

The rise of connected equipment and service-based models is reshaping how customers finance and use machinery. The JV is pioneering flexible options – such as rental and pay-per-use models – integrated with data-driven services that enhance total cost of ownership and customer experience.

“Our latest-generation machines are fully connected,” says Doug. “This creates opportunities for innovative financing models and positions our sales teams as trusted advisors who understand customers’ operational and financial needs.”

A shared vision for the future

Within the JV, roles are clearly defined yet deeply complementary. CNH leads on sales and marketing, while BNP Paribas Leasing Solutions manages underwriting, funding, and customer service. Many functions are co-managed, underpinned by a strong ‘One Team’ mindset that has been developed and reinforced over the years.

“We each bring our strengths to the table,” says Florence. “The key is collaboration and trust – working together toward a single goal: supporting customers and helping them grow.”

As industries continue to evolve toward sustainability, connectivity, and intelligent mobility, the CNH–BNP Paribas Leasing Solutions JV will remain a cornerstone of customer value – combining industrial expertise and financial innovation to help businesses invest, grow, and transform for the future.