In Italy alone, it’s estimated there’s an opportunity for up to €60 billion in annual circular economy investments. That makes the bank’s new €5 billion credit platform a substantial contribution.
Furthermore, the first clients to be assessed have already requested €2 billion in funding, which indicates a strong commitment to improving their ESG models.
The bank’s ground-breaking new impact measurement model lets it quantify the generated value of these initiatives—providing essential guidance for future sustainability efforts. And the proprietary methodology for assessing counterparties’ circular economy status is already proving to be an invaluable tool, helping businesses to understand the importance of the circular economy model.
After transforming its internal operations and customer engagement, the bank recently launched its first annual open innovation circular economy program. This initiative will inspire other businesses to accelerate their own circular economy transformation.