Del Punta believes that backing companies who choose to change now and make those commitments is not only ethically sound, but also makes good business sense. “These companies are better and will be more likely to succeed in the future than those companies who do not follow circular processes,” he says.
The pandemic has stalled investment and growth in companies across the world.
Del Punta is confident companies will resume investment – especially with a new vaccine on the horizon. “We expect a strong rebound… 2020 has been, unfortunately, a year of almost complete standby,” he says.
Italian companies are facing the future confidently and setting an example to the world. “We have SMEs that are very dynamic… they are very proactive and quick in reaping market opportunities,” says Del Punta.
Today, there are many global forces at work affecting banking. Not just environmental change and the impact of COVID-19, but also a changing Europe now that Britain is to leave the EU.
Brexit is a sad event for Del Punta, who has personal memories of living in London, but for him the change also creates new opportunities.
“We are not far away from seeing a wave of cross-border consolidation, whereby we create some pan-euro area banking champions,” he says. “We want to see that process from the front seat, not the back seat.”
Listen to the podcast to hear more from Intesa Sanpaolo’s CFO.