Italian banking group Intesa Sanpaolo has confirmed it will continue for a further three years as the Ellen MacArthur Foundation's Global Partner for financial services.
Intesa Sanpaolo has been a Global Partner since 2015, with the goal of supporting growth and innovation in industrial production. The Intesa Sanpaolo Innovation Center, the Group company tasked with exploring and understanding new business models, oversees all circular economy-related activities.
Notable initiatives to date, include:
The circular economy is a cultural transformation: supporting this model means a systemic reduction in the reliance on natural resources, which are by definition finite. This is why we want to support our business clients in the transition towards a successful model that is attracting increasing levels of financial resources: at the European level alone, €320 billion in new investments in sustainability and innovation are expected in the coming years. Adopting the circular economy model enables our industrial system to drive new development, create new jobs and create more advanced technologies. In short, it offers significant growth opportunities that are more responsible as we move into the future.
We are delighted to continue our partnership with Intesa Sanpaolo to further our shared ambition of accelerating the transition to a circular economy. Intesa Sanpaolo’s commitment to financing and supporting innovative circular economy businesses, in Italy and beyond, is an important contribution towards creating an economy that works in the long term.