AkzoNobel’s Vehicle Refinishes has partnered with Banco Bilbao Vizcaya Argentaria (BBVA) to offer financial products for sustainable bodyshop operations in Spain.
The companies intend to provide customised financial solutions to foster sustainable practices within bodyshops.
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AkzoNobel expects this collaboration to specifically benefit its Sustainable Repair Network partners in Spain, enabling them to invest in green technologies and improve their environmental footprint. The partnership is currently exclusive to the European country.
The Sustainable Repair Network partners have access to financial products with favourable terms, the company said.
These financial products are designed to support both capital and operating expenditures, facilitating investments in sustainable technologies.
The initiative forms part of AkzoNobel’s broader strategy to advocate for sustainability in the EMEA region.
AkzoNobel’s Energy Pulse assessment is a critical tool for partners, allowing them to pinpoint significant opportunities to cut CO₂ emissions.
Successful identification of these opportunities grants partners a variety of financing options to upgrade their bodyshops.
Investments encouraged by this partnership include the adoption of LED lighting, solar panel installations, and the implementation of advanced refinishing technologies such as AkzoNobel’s ColorMatchic and PaintPerformAir.
AkzoNobel Vehicle Refinishes regional commercial leader Josep Guiro said: “This partnership is a strategic step in supporting customers’ transition to more sustainable practices.
“By integrating financial services into the sustainable repair journey, we’re making it easier for bodyshops to modernise their operations and reduce their carbon footprints, which aligns with AkzoNobel’s broader commitment to sustainability.”
BBVA global transaction banking advisory head Marina Andrés said: “Our collaboration agreement is designed to empower AkzoNobel’s commercial clients to invest in sustainability and enhance their competitiveness, while enjoying the convenience of a single, trusted financial partner.”
