DLL was chosen as the winner of the Alliance Trust Award for Circular Economy Investor, which is part of the 2016 Circulars Awards program organized by the World Economic Forum’s Young Global Leaders.

The Circulars recognize individuals and organizations from commerce and civil society that have made notable contributions to driving circular economy principles.

“Receiving this award is a groundbreaking milestone for our company and an immensely great honor,” said DLL CEO Bill Stephenson. “It’s a valuable motivation to continue our efforts to contribute to the circular economy, thereby creating business value for our partners, the environment and our company.”

The Circular Economy Investor Award is granted to organizations in the investment sector that provide financial backing in order to help the circular economy to become mainstream.

DLL is encouraging the transition to circular-focused business models by offering financing solutions that enable customers to use rather than own their assets. Through its Life Cycle Asset Management (LCAM) program, DLL encourages its customers to expand the full technical life of their equipment via remanufacturing and refurbishing.

“We could not have won this accolade without the energy and in-depth knowledge of our people, dedicated LCAM team, and the efforts and ingenuity of our partners,” says Rob van den Heuvel, senior vice president of Global Asset Management at DLL. “At DLL, we believe that innovative financial solutions enable our partners to take up the challenge of the circular economy, and we are delighted to see an increasing number of companies recognize that this new way of doing business is both commercially profitable and sustainable.”