PEAC Solutions has received the 2024 Sustainability Initiative of the Year Award from Leasing Life, a European leasing industry journal, during the 21st Leasing Life Conference & Awards event in Milan, Italy. The annual event highlights the many innovations and remarkable achievements of the leasing and financial services industry.

PEAC Solutions was recognized for its collaboration with BusinessBike, a partnership that recently marked its 10th anniversary. The vendor finance program allows companies to offer their workforce access to state-of-the-art bicycles for the daily work commute, delivering significant social and environmental benefits.

By encouraging cycling for regular travel, the program contributes to reducing greenhouse gas emissions but can also help minimize traffic and vehicle congestion in local communities. Further, the leased bicycles help participating companies promote a more active workforce, which can deliver numerous health and wellness benefits and improve employee engagement and productivity.

Another positive element of the award-winning initiative was the support of the Bergwaldprojekt ("Mountain Forest Project"), a nonprofit organization whose mission is to restore and maintain forests in Germany and other European countries. PEAC Solutions donates Euro 1.00 to the Bergwaldprojekt for every bike financed via the BusinessBike program. These funds are used to support the project's charitable work, which is staffed by volunteers and takes place in public forests and nature reserves in cooperation with local forestry and conservation authorities.

On selecting PEAC Solutions, the Leasing Life awards jury said, "This award recognizes a company’s significant contributions to sustainability, whether in their own organization or toward their clients. We looked for proven initiatives that support sustainable transport, employee wellness and also align with corporate trends on sustainability. The entry of PEAC Solutions was impressive, and their work with BusinessBike and Bergwaldprojekt clearly merited recognition for this award."

"We are delighted to receive this recognition from Leasing Life," said Lars Wenner, head of sales management and platform solution, PEAC Solutions Europe. "The award is the result of a strong collaborative partnership with BusinessBike, and our shared vision for making mobility affordable and sustainable. The support of Bergwaldprojekt, and their focus on forest conservation, is a natural extension of this sustainable vision. We look forward to finding other innovative solutions for financing to create meaningful social and environmental impacts."

"As a longstanding partner of PEAC Solutions, we are pleased to see our shared commitment to innovation and sustainability recognized with this award," said Rolf Höring, managing director, BusinessBike GmbH. "Together, we've developed a fully digital bicycle leasing solution that streamlines processes for customers and dealers while supporting environmentally friendly mobility. This acknowledgment reflects the meaningful progress we've made in promoting sustainable solutions through our partnership."