Circular Economy Project Driving towards circularity International - - PowerPoint PPT Presentation

Circular Economy Project

Driving towards circularity

International workshop on Circular Economy in the Automotive Industry Massimiano Tellini, Global Head - Circular Economy Project

6-7 November 2017, Bratislava

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Ecosystem Growth

BANK PEOPLE & SOCIETY COMPANIES

Talent Management Digital Payments Blockchain Big Data Robotic & Artificial Intelligence Health & Care Big Data Robo4 Advisor Tech-Marketplace Innovative Finance for Growth Service Design Big Data Industry 4.0 Digitization Digital Bank (foreign markets) Circular Economy

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Intesa Sanpaolo and the Ellen MacArthur Foundation

▪ Dame Ellen MacArthur is a successful solo long-distance yachtswoman. In 2005 she broke the world record for the fastest solo circumnavigation of the globe, a feat which gained her international renown ▪ Her Foundation is the world most influential think-tank on Circular Economy ▪ They work with Entrepreneurs, Government and Universities to foster world transition towards CE CE 100 Global Partners

Since December 2015, Intesa Sanpaolo Group has become Financial Services Global Partner

• f EMF Foundation

The CE100 is a global platform bringing together leading companies, emerging innovators and regions to accelerate the transition to a CE

Circular Economy: an international mega trend

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Ambition and route of the Circular Economy Project

Strategy and ambition of the Group The route of the Project

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The Potential: Growth, Savings and Investments

Europe

$ 4,5 trn GDP opportunity by 20301

(Linked to the growing scarcity of resources and the growing global population)

€ 1,8 trn of savings by 20302

(Reduction operating costs in the food, transport and construction sectors)

Source:

• 1. «Waste to Wealth», J. Rutqvist e P.Lacy, Accenture,2015
• 2. «Growth Within: a circular economy vision for a competitive Europe», SUN, Ellen MacArthur Foundation e McKinsey Center for Business and

Environment, 2015

• 3. Achieving ‘Growth Within’ - SistemiQ, SUN, Ellen MacArthur Foundation 2017

85 57 67 34 2030 2050 SOCIETAL COSTS 69 39 52 17 2030 2050 CO2 EMISSIONS 78 59 68 47 2030 2050 PRIMARY MATERIAL CONSUPTION

Global

€ 875 bln of expected

investments in EU3 by 2025

Current development scenario EU-27, indexed (2012=100) Circular scenario

• BANCA DEI TERRITORI | SMEs

ISP as a Circular Bank for the Italian SMEs : ~€ 13 million in funding for companies applying circular business models

• CORPORATE & INVESTMENT BANKING

Circular Economy as a backbone for new business: dialogue with international companies such as Dell, Nike, Dow Chemicals, Kering, Philips

As of today

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A framework of enabling business models

▪ Provide renewable energy, bio based-

• r fully recyclable input material to

replace single-lifecycle inputs ▪ Enable increased utilization rate of products by making possible shared use / access / ownership ▪ Offer product access and retain

• wnership to internalize benefits of

circular resource productivity ▪ Extend working lifecycle of products and components by repairing, upgrading and reselling ▪ Recover useful resources / energy out

• f disposed products or by-products

Modello di business Descrizione Esempi e impatti di business Circular Supply-chain Recovery & Recycling Product Life Extension Sharing Platform Product as a Service

Source: From Waste to Wealth, Accenture 2015

Ohoo

Edible membrane recreated by marine algae for liquid packaging (water focused)

Fairphone

Smartphone with modular design that facilitates maintenance. Created with reconditioned components (average product life of 5 years)

Adidas

Shoes with innovative design (less raw materials with equal volumes) and produced with recycled plastic from the Indian Ocean

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Automotive – The future, circular value chain

Source: Accenture

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The savings:

• 80% less energy
• 88% less water
• 92% less chemical products
• 70% less waster production

Any waste to landfill:

• 43% of the carcasses are re-usable
• 48% are recycled in the company’s foundries
• 9% remaining is valorised in treatment centres.

Renault: the case of Choisy-le-Roi

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Fiat: the choice of biomethane

FCA is the leading manufacturer of methane vehicles in Europe: ➢

• ver 700,000 units sold since 1997

➢ 12 models of cars and commercial vehicles ➢ biomethane from agricultural by-products ➢ biomethane from sewage sludge

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Ford: the challenge of bamboo and agave

Ford is developing numerous solutions for its components. ➢ Bio-based material like bamboo ➢ High availability in nature ➢ Reduction of emissions in the LCA ➢ Bioplastics from agave scrap processing

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Enel: electrical mobility in Italy 518.593 recharges made 6.847.879 kWh provided 7.089.570 Kg avoided

Dashboard

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CE Learning Programme 400 colleagues trained The FT’s event company facilitates networking between C-level and decision-makers Supplies of reconditioned materials Circular Economy Standard

3 SUI in our London Hub

The first case of car pooling in a bank First European Master on Bioeconomy in the Circular Economy First Meeting of the Informal Expert Group "Support to Circular Economy Financing" 2 October 2017, Brussels First Italian CE LAB Presentation of the first Italian strategic positioning paper on CE at the of November

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Corporate Car Pooling Project

Requirement definition Premature feasibility study Selected

• n Bepooler

Proof of concept

2016 2017

Sep-Oct Nov-Dec Gen-Feb-Mar Apr-May-Jun Jul-Aug-Sep Oct-Nov

StartUp Analysis

THE PATH

Data collection on flagship sites Project presentation Extension

In cooperation with COO, developing a customized Corporate Carpooling solution (sharing cars among colleagues) in order to integrate the ISP Welfare offer and promote Sustainable Mobility Solutions ❖ Choose your trip ❖ Choose your driver ❖ Share the home-work trip ❖ Reduce CO2 emissions ❖ Get incentives from Intesa Sanpaolo

The distinctive positioning of the Group

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ISP is Lead Sponsor of the International Summit on Financial Circular Economy. London | May 25, 2017 Launch of the "Intesa Sanpaolo Award for Innovation & Circular Economy" Award, in collaboration with ISSNAF Italian Scientists and Scholars in the North America

• Foundation. New York | 20 June 2017

3rd StartUp Initiative in Circular Economy, with the Ellen MacArthur Foundation and Circularity Capital. 8 International Start-ups met ~ 40 Potential Investors. London | November 24, 2017

CIRCULAR ECONOMY PROJECT - Reputational Passport 1

• increase of 5% of the reputational capital of the Bank
• 22% positive contribution in terms of reputational capital of the Innovation Center

Circular Manifesto for Italy: Bilateral tables started with the most important national and international institutions

Intesa Sanpaolo Group participated to the European Commission's Circular Economy Task Force. Brussels H1 2017

Some initiatives to support and disseminate Circular Economy:

1) Analisi effettuata tramite Reputation Manager - strumento ad uso delle Aree CRO, DRE e CIO per l’analisi reputazionale - nel periodo Set 2016 | Oct 2017

Global Institutions European and domestic stakeholders

Other strategic initiatives

Intesa Sanpaolo Innovation Center and Cisco Italy sign a Memorandum of Understanding to promote and explore solutions for the “circular procurement” (refurbished products, modular design, takeback & recycle programs, pay per use)

Intesa Sanpaolo promotes and supports the 1°Master in «Bioeconomy in the Circular Economy»

4 Universities: 4 Companies:

UNIVERSITÁ DEGLI STUDI MILANO BICOCCA

19 July 2016 - MoU signature

• M. Montagnese CIO ISP
• A. Santoni CEO Cisco Italia

Promotion of the culture of CE CE for the Bank

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A Circular Economy Standard

• Verify and certify the circularity level of companies
• Identify potential target companies for tailor-made

products and solutions

• Monitor and measure how much the Bank and the

System sustain the transition to CE models

• Gain knowledge to progressively integrate the

Circular Economy into the valuation

• Price risk accurately and reward circular

businesses which are less exposed to raw materials price volatility, product obsolescence and environmental risk

+40 Companies face to face

ISP Circular Economy Standard - The score

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What we are discovering… ✓ Circularity level ✓ Strategic approach ✓ Strengths and weaknesses ✓ Propensity to invest ✓ Awareness

✓ Entrepreneurs need TRUST

To make financing of the CE happen….

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If you want to continue this conversation …

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