The Ellen MacArthur Foundation Annual Summit took place in London on 5 July, the event that the London Foundation for the Circular Economy organizes every year to bring together its network, in particular its Strategic Partners. An entire day dedicated to the circular economy: 4 thematic panels and several guests to focus on some of the key issues that are driving the economies of European countries, and beyond, in the transition to a regenerative economy.
According to founder Ellen MacArthur, the redesign of our economies must be accompanied by a total change of mentality that allows us to re-educate ourselves and our habits.
Mauro Micillo, Chief of the IMI Corporate and Investment Banking Division, has partecipated for Intesa Sanpaolo Group, to talk about how the bank has included the Circular Economy in its business objectives, and how it offers tangible solutions of financial support to the players market interested in evolving linear business models in favor of circular ones.
The Chief of the IMI Corporate & Investment Banking Division - who defines the Circular Economy as "ESG squared" - then illustrated the financial products linked to the Circular Economy offered by the Group and the impacts of Circular projects on the real economy.
As part of the 2018-2021 Plan, the Group has allocated a plafond of 5 billion euro, increased to 6 billion, after the acquisition of UBI, dedicated to the Circular Economy; this amount was fully allocated. In the new 2022-2025 Business Plan, in support of the Circular Economy, an additional 8 billion euro plafond has been allocated.