Circular Economy Credit Facility supported by the Sustainability Bond
This Action aligns to the following Calls to Action from the Circular Economy Action Agenda:
- Guide and support news business models for environmental, financial, and social triple-win (Electronics, CTA 4; Textiles, CTA 4; Plastics, CTA 5)
Intesa Sanpaolo is at the forefront of sustainability, a commitment embedded in the Group’s 2018-2021 Business Plan. Specifically, Intesa Sanpaolo’s commitment to the circular economy stems from the engagement of the circular economy model and a strong tendency towards innovation. Through circular Economy Credit Facility supported by Sustainability bond, Intesa Sanpaolo aims to support SMEs and corporates with innovative and transformational projects to incorporate circular economy principles.
Objectives for 2021
The €5 billion dedicated circular economy credit facility has been created for the period 2018-2021 in partnership with the Ellen MacArthur Foundation. In 2020, 63 projects had been financed for a total of around €760 million.
Intesa Sanpaolo, The Ellen MacArthur Foundation