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Intesa Sanpaolo renews commitment to the circular economy as a Global Partner

January 23, 2019
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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:

  • Allocating a credit ceiling of up to €5 billion for 2018-2021 to support innovative and transformative projects for SMEs and large companies based on the principles of the circular economy
  • With the Ellen MacArthur Foundation, promoting the circular economy through the ‘CE Startup Initiative’, an acceleration programme for startups which has been held in Italy as well as Hub branches of Intesa Sanpaolo CIB Division in London, Hong Kong and Dubai
  • Creating together with the Cariplo Foundation the CE lab, the first Italian circular economy lab, headquartered in Milan
  • Promoting the Circular Economy Manifesto signed by leading “Made in Italy” businesses and supported by the Italian Government
  • Contributing as Lead Partner to the Ellen MacArthur Foundation’s latest report Cities and Circular Economy for Food, which launches at the World Economic Forum Annual Meeting in Davos, Switzerland, on 24 January 2019.

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.

- Carlo Messina, CEO, Intesa Sanpaolo Group

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.

- Ellen MacArthur, founder, Ellen MacArthur Foundation