- Premier high-end vehicle finance company sets new standard for with environmental, social and governance (ESG) strategy
- JBR Capital commits to offset carbon emissions of clients’ cars for first 5,000 miles
- It also commits to reducing total business carbon impact by 10 per cent every year and has purchased carbon credits for 2019-2021 as it transitions towards Net Zero certification
- The business reaffirms its support for City Harvest and Talent Rise charities
- Established in 2015, JBR Capital closed 2021 with £158m in originations and is forecast to surpass £1bn in 2022
Leading high-end automotive finance provider, JBR Capital, is expanding the reach, scale, and ambition of its progressive environmental, social, and governance (ESG) strategy with a host of new strategic initiatives that lead the sector.
The rapidly growing company has launched a program to help its clients reduce their environmental footprint by offsetting 5,000 miles of CO2 emissions for each new car the company finances. It has also set a target to reduce its CO2 output by 10 percent every year and has purchased carbon credits for 2019-2021 as it transitions towards net-zero certification.
Working with leading sustainability consultancy EB7, JBR Capital has calculated its internal greenhouse gas emissions for 2019 to provide a baseline. This model sets a target for the company to reduce its gross, global scope 1, 2, and selected scope 3 emissions in tonnes of CO2 intensity output by 10 percent every year.
With a new exclusive partnership with Carbon Neutral Britain, JBR Capital will enable its customers to continue to enjoy driving, but to do so in an as environmentally friendly manner as possible. A London-based company that gives UK individuals and businesses the opportunity to impact climate change positively, Carbon Neutral Britain operates under the United Nations Framework Convention on Climate Change.
In addition to the carbon offsetting initiatives, JBR Capital continues its support program for its two chosen charities. ‘Talent Rise’ aims to change the lives of young people from disadvantaged backgrounds, while ‘City Harvest’ distributes surplus food for free to 350+ charities.
Rapid Growth
Founded in 2015 with investment from Cabot Square Capital and HSBC, JBR Capital enables clients to fund their automotive passion through the provision of individually tailored finance solutions from £25,000. Extensive experience in the high-end automotive finance market sector and establishing innovative broker and dealer distribution with direct origination and operating platforms provided the foundations from which JBR Capital has delivered rapid growth.
Within fifteen months of providing its first loan in 2015, JBR Capital achieved a break-even point. By 2017, the company’s loan book reached £100m, and following upsized funding from HBC and Citi, that doubled to £200m in 2018. During the COVID pandemic, JBR Capital concentrated on consolidation and operational strategy.
Transformation to a hybrid broker/lender model enabled JBR Capital to return to rapid growth once it resumed finance lending in 2021. The company closed the year with £158m in originations and is forecast to surpass £1bn in 2022.
Nayan Kisnadwala, JBR Capital CEO, commented: “I am proud we are leading the automotive finance sector with our new ESG initiatives, including the offsetting of carbon emissions from clients’ cars for the first 5,000 miles of a finance agreement, alongside our commitment to offset JBR Capital’s total CO2 emissions from 2019-2021 as we transition towards net-zero certification. We are a highly responsible business, and our new sustainability strategy is proof of that ethos. In addition, JBR Capital is significantly offsetting carbon emissions from our clients’ cars. Experience, reputation, rapid growth, and astute planning have provided the cornerstones that enable JBR Capital to deliver the best possible environmental, social, and governance strategy.”
For further information on JBR Capital, visit www.jbrcapital.com
