The Ellen MacArthur Foundation announces Intesa Sanpaolo as a Global Partner

December 16, 2015

We are delighted to announce that Italian banking group, Intesa Sanpaolo, has become the Ellen MacArthur Foundation's latest Global Partner, demonstrating its intention to become a key player in the network of stakeholders supporting the transition to the circular economy.

The partnership agreement was signed by Carlo Messina, Managing Director and CEO of Intesa Sanpaolo, and Ellen MacArthur, Chairman and founder of the Ellen MacArthur Foundation.

In its role as a Global Partner, Intesa Sanpaolo will help to redefine business strategies to capture new opportunities, and will ensure financial support for investments used to re-design the industrial system. The announcement of Intesa Sanpaolo as a Global Partner is part of the broader role that the leading Italian banking group plays in supporting the growth and innovation of production chains.

The new partnership recognises Intesa Sanpaolo’s commitment to circular economy projects, and the company looks forward to working alongside the Ellen MacArthur Foundation’s seven existing Global Partners: Cisco, Kingfisher, Philips, Renault, Unilever, Google and H&M. As industry leaders, Global Partners work closely with the Ellen MacArthur Foundation to identify circular business opportunities and to implement tangible programmes.

“Supporting a circular economy is a strategic choice for Intesa Sanpaolo in line with our goal of promoting sustainable economic development in time. Intesa Sanpaolo Group has always been resolutely committed to social and environmental responsibility. In the period 2007 - 2014 we supported investments in the environment and renewable energy for more than Euro 11 billion. In 2014 alone, Intesa Sanpaolo allocated more than 2.3% of its total disbursements to supporting renewable energy and to the fields of farming and environmental protection, confirming our commitment to achieve an increasingly sustainable economy” said Carlo Messina, CEO of Intesa Sanpaolo.

Difficult access to finance is consistently quoted among the barriers that entrepreneurs wishing to innovate with circular models find themselves up against. By recognising there is a new economy emerging and by creating tools to help it, Intesa Sanpaolo actively contributes to the transition and takes a leading role in this new world of opportunities.

- Ellen MacArthur

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