New Arval partnership to support fleet net zero ambitions

Arval and ClimateSeed have established a new global environmental partnership to help fleets achieve their net-zero carbon ambitions.

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.

Shams Dine El Mouden, Arval international consulting director, is looking forward to working with ClimateSeed, which is also part of 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,” he said.

Since 2018, Arval has supported customers by helping them set their own Sustainable Mobility and Responsibility Targets (SMaRT).

Using this methodology, it says that customers may find residual CO2 emissions that they will not be able to eliminate in the short- term. In this situation, the new partnership aims to offer the ability to buy carbon credits and contribute to carbon reduction projects with strong social and environmental impacts.

Via the partnership and led by Arval Consulting, customers will be offered:

• Using the SMaRT approach, the creation of a CO2 emission reduction plan for the fleet with their new carbon footprint calculated.
• Free access to the ClimateSeed platform, which offers the ability to buy carbon credits and contribute to reduction projects, obtaining a certificate to record their contribution.
• Via ClimateSeed, an internal and external communications kit to help organisations to communicate their positive environmental impact.

ClimateSeed CEO, Sébastien Nunes, said: “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 and ClimateSeed say they 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.

ClimateSeed is the first social business launched in collaboration with the team of Nobel Peace Prize winner Professor Yunus, and a 100% owned subsidiary of the BNP Paribas Group, reinvesting all of its profits in environmental projects.