Circular economy and green loans

Banca Intesa Beograd, as a member of Intesa Sanpaolo Group, joined the United Nation’s initiative Net-Zero Banking Alliance, by which it committed to aligning its portfolio and achieve the goal of net-zero emissions by 2050. With this we have laid the foundation for long-term efforts to combat climate changes. 

Goals of sustainable business integrate three key factors: environmental, social and governance aspect (ESG), which included the criteria of circular economy and green projects.

We find our new strategy, in the form of supporting clients in designing new economic eco-system, as an important contribution and opportunity for all participants to turn to the concept of sustainable development of the economy and society.  

In 2015, the ISP Group became the first strategic partner for financial services of the Ellen MacArthur Foundation, one of the world’s most influential organizations dedicated to sustainable business, which is committed to making the circular economy a global reality.  

In cooperation with the Foundation, five main eligibility criteria for circular economy have been set:

• Solutions that extend the life of products and / or material 
• Use of renewable /recycled resources 
• Increase of resource consumption efficiency 
• Products that allow full recycling or decomposition  
• Innovative technologies that enable the development of circular business models 

and three criteria related to green projects:

• Production of energy from renewable resources 
• Energy efficiency of production processes and business facilities 
• Sustainable management of natural resources and biodiversity 

These criteria enable the identification of projects that can be financed under more favorable conditions through Banca Intesa Beograd.

For more information and support in identifying and defining the fulfilled CE criteria, contact the Bank’s competent business advisor.