Leaseurope, the federation representing the leasing and automotive rental industry across Europe, has released its 2023 Annual Review, showcasing a year marked by significant achievements, growth, and adaptability amidst challenging economic conditions.
Leaseurope has made substantial strides in advocacy, securing a differentiated prudential capital treatment for leasing under the revised Capital Requirement Regulation (CRR), an essential milestone for the industry. This development, resulting from extensive engagement with Members of the European Parliament and national finance ministries, reflects Leaseurope's commitment to ensuring favorable regulatory conditions for its members.
In addition to the CRR, Leaseurope has been a staunch advocate for improving the securitisation regulatory framework, which is crucial for enhancing financing options for European companies, particularly in the context of the green transition. Their efforts have led to positive amendments in the draft CRR III, supporting a robust and developed securitisation market in Europe.
Sustainable finance has been a critical focus for Leaseurope in 2023. The federation has played a pivotal role in guiding its members through the complexities of EU Taxonomy reporting. By establishing a Task Force on Taxonomy Reporting, Leaseurope has demonstrated its dedication to maintaining the leasing industry's competitiveness while promoting sustainability.
The recognition of leasing and automotive rental as vital components of the green transition by European regulators underscores the industry's role in providing businesses with clean, efficient assets. This acknowledgment aligns with Leaseurope's advocacy for the inclusion of leasing activities within various legislative proposals aimed at fostering environmental sustainability.
Leaseurope continues to strengthen its position as a primary source of data and market insight for the European leasing and automotive rental industry. The 2023 review highlights the federation's revamped data management system and the introduction of detailed questionnaires to better track the utilization of green leased assets. These efforts are part of Leaseurope's commitment to showcasing the leasing industry's contribution to the green transition.
Effective communication and community building have been central to Leaseurope's activities this year. The federation has launched a revamped digital newsletter, providing up-to-date insights on legislative developments and industry trends. Additionally, the inaugural meeting of the Communication Working Group has set the stage for enhanced collaboration and knowledge sharing among members.
The Leaseurope Future Group continues to be a popular initiative, fostering innovation and addressing pressing industry issues such as data utilization, sustainability, and economic challenges. The group's ideas will be showcased at the Leaseurope Annual Convention, a premier event for the European leasing and automotive rental community.
As Leaseurope looks forward to 2024, the federation remains committed to advocating for its members, promoting sustainable practices, and providing valuable market insights. The upcoming Annual Convention in Alicante, Spain, promises to bring together industry leaders to discuss trends and challenges critical to the industry's future.
Leaseurope's 2023 Annual Review is a testament to the federation's resilience and its unwavering commitment to supporting the leasing and automotive rental industry in Europe.
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