Media and events

To deliver on the objective of simplification, the European Commission adopted Amended ESRS (sustainability reporting standards) with key new guidance for leasing, as Leaseurope called for. These changes should provide the EU leasing industry and its auditors with much-needed clarity. In general, lessees will report Scope 1 and 2 impacts of leased assets rather than lessors. There should also be no need for major data collection exercises by lessors to prepare Scope 3 (upstream and downstream) reporting if reasonable high-level averages can be used instead.

The European Banking Authority (EBA) has finalised the methodology, reporting instructions and data collection templates for its report on the prudential treatment of leasing under CRR III (Article 495c). Developed following extensive technical engagement with Leaseurope, the final templates reflect the key points agreed during the consultation process and have been used for the one-off data collection exercise by participating credit institutions.

Following the submission of data to the National Competent Authorities (i.e. financial supervisory authorities and/or central banks) the exercise has now entered the data quality review phase. Leaseurope continues to support participating institutions by providing technical guidance and clarifying questions to help ensure the reported data accurately reflects the leasing business model. The EBA's report will form the basis for the European Commission's legislative proposal on the prudential treatment of leasing.

The European Commission’s proposal for a Clean Corporate Vehicles Regulation raises significant concerns for the leasing and rental sector, as its current design risks creating disproportionate operational and economic challenges for fleet operators while limiting market flexibility.

Capital Appraisal specialises in the independent valuations and monitoring solutions of industrial and other non-real-estate assets.

CarWise Group is a mobility software company specialising in digital solutions for the leasing, rental, and fleet management sectors.

Representatives of the full chain of actors that make vehicle mobility possible across Europe, including for SMEs, call for an effective, incentive-led approach regarding European Commission's proposal for a Clean Corporate Vehicles Regulation.