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
1 Ecosystem Growth Innovative Finance for Talent Growth Management Tech-Marketplace Digital Service Payments Design Blockchain COMPANIES BANK Industry 4.0 Big Data Big Data Robotic & Artificial Digitization Intelligence PEOPLE & Health & SOCIETY Care Digital Bank (foreign markets) Circular Robo4 Advisor Economy Big Data
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3 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 Circular Economy: an international mega trend Global Partners Since December 2015, Intesa Sanpaolo Group has become Financial Services Global Partner of EMF Foundation CE 100 The CE100 is a global platform bringing together leading companies, emerging innovators and regions to accelerate the transition to a CE
4 Ambition and route of the Circular Economy Project Strategy and ambition of the Group The route of the Project
5 The Potential: Growth, Savings and Investments Global € 875 bln of expected $ 4,5 trn GDP opportunity by 2030 1 investments in EU 3 by 2025 (Linked to the growing scarcity of resources and the growing global As of today population) Europe • BANCA DEI TERRITORI | SMEs ISP as a Circular Bank for the Italian € 1,8 trn of savings by 2030 2 SMEs : ~ € 13 million in funding for companies applying circular business (Reduction operating costs in the food, transport and construction sectors) models • CORPORATE & INVESTMENT BANKING Circular Economy as a backbone for new SOCIETAL COSTS PRIMARY MATERIAL CO2 EMISSIONS business : dialogue with international CONSUPTION 85 companies such as Dell, Nike, Dow 69 67 78 57 68 Chemicals, Kering, Philips 52 59 39 47 34 17 2030 2050 2030 2050 2030 2050 Current development scenario EU-27, indexed (2012=100) Circular scenario 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
6 A framework of enabling business models Modello di business Descrizione Esempi e impatti di business ▪ Provide renewable energy, bio based- Circular or fully recyclable input material to Ohoo Supply-chain replace single-lifecycle inputs Edible membrane recreated by marine algae for liquid packaging (water focused) ▪ Recover useful resources / energy out Recovery & of disposed products or by-products Recycling Fairphone ▪ Extend working lifecycle of products Smartphone with modular design Product Life and components by repairing, that facilitates maintenance. Extension upgrading and reselling Created with reconditioned components (average product life of 5 years) ▪ Enable increased utilization rate of Sharing products by making possible shared Adidas Platform use / access / ownership Shoes with innovative design (less raw materials with equal volumes) and produced with ▪ Offer product access and retain Product as a recycled plastic from the Indian ownership to internalize benefits of Ocean Service circular resource productivity Source: From Waste to Wealth, Accenture 2015
Automotive – The future, circular value chain 7 Source: Accenture
Renault: the case of Choisy-le-Roi 8 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.
9 Fiat: the choice of biomethane FCA is the leading manufacturer of methane vehicles in Europe: ➢ over 700,000 units sold since 1997 ➢ 12 models of cars and commercial vehicles ➢ biomethane from agricultural by-products ➢ biomethane from sewage sludge
10 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
11 Enel: electrical mobility in Italy Dashboard 518.593 recharges made 6.847.879 kWh provided 7.089.570 Kg avoided
12 12 The FT’s event company facilitates networking between C-level and Circular Economy Standard decision-makers 3 SUI in our London Hub First Italian CE LAB The first case of car pooling in a bank First Meeting of the Informal Expert Group "Support to Circular Economy Financing" 2 October 2017, Brussels First European Master on Bioeconomy in the Circular Economy Presentation of the first Italian Supplies of strategic positioning paper on CE Learning Programme reconditioned CE at the of November 400 colleagues trained materials
13 Corporate Car Pooling Project In cooperation with COO, developing a customized Corporate Carpooling solution ❖ Choose your trip (sharing cars among colleagues) in order ❖ Choose your driver to integrate the ISP Welfare offer and ❖ Share the home-work trip promote Sustainable Mobility Solutions ❖ Reduce CO2 emissions ❖ Get incentives from Intesa Sanpaolo THE PATH Selected on Bepooler Proof of Project StartUp Requirement concept presentation Analysis definition 2017 2016 Extension Apr-May-Jun Gen-Feb-Mar Jul-Aug-Sep Oct-Nov Sep-Oct Nov-Dec Data collection on Premature flagship sites feasibility study
14 The distinctive positioning of the Group Circular Manifesto for Italy: Bilateral tables started with the most Some initiatives to support and disseminate Circular Economy: important national and international institutions Global Institutions ISP is Lead Sponsor of the International Summit on European and domestic stakeholders 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 Intesa Sanpaolo Group participated to the European Commission's Circular Economy Task Force. CIRCULAR ECONOMY PROJECT - Reputational Passport 1 Brussels H1 2017 • increase of 5% of the reputational capital of the Bank • 22% positive contribution in terms of reputational capital of the Innovation Center 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
15 Other strategic initiatives Promotion of the culture of CE Intesa Sanpaolo promotes and supports the CE for the Bank 1 ° Master in «Bioeconomy in the Circular Economy» 4 Companies: & 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 & 19 July 2016 - MoU signature recycle programs, pay per use) M. Montagnese CIO ISP A. Santoni CEO Cisco Italia 4 Universities: UNIVERSITÁ DEGLI STUDI MILANO BICOCCA
16 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 17 What we are discovering … ✓ Circularity level ✓ Strategic approach ✓ Strengths and weaknesses ✓ Propensity to invest ✓ Awareness ✓ Entrepreneurs need TRUST
18 To make financing of the CE happen ….
19 If you want to continue this conversation …
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