EUR 10 billion to support the Circular Economy in the EU

At BGK we are convinced that sustainable development with a circular economy is an expression of responsibility for future generations. We are pleased that, together with our partners, we develop such important solutions that will support innovative, environmentally friendly investments in the European Union. The approach is in line with the Polish government Roadmap for Circular Economy based on The EU Circular Economy Strategy. The roadmap is stressing 4 priorities: supporting innovations, creating European market for recycled materials, ensuring high quality recycled materials, developing the service sector.

Fighting global warming and environmental crises is the most urgent challenge of our time. Strengthening the circular economy is one of the most powerful tools in our arsenal. it will not only help achieve the Paris Agreement targets but also bring huge benefits for the economy and society. With the Joint Initiative for Circular Economy, we are scaling up our ambition and joining forces with our peers to stem the tide of waste.

EIB President Dr. Werner Hoyer

With this Joint initiative, Caisse des Dépôts Group aims to support further circular projects in France and together with our European counterparts, to highlight the full potential of circular economy to achieve sustainable growth while creating new economic opportunities for our territories.

CDC CEO Eric Lombard

The 2019-21 CDP Business Plan for the first time aims at integrating sustainability into our strategic choices. CDP is committed to foster a paradigm shift toward a more sustainable and inclusive development model in Italy with a focus on local communities. This European partnership shows once again how crucial is the role of National Promotion Institutions (NPIs) to achieve adequate sustainable growth and development at European level.

CDP CEO Fabrizio Palermo

ICO aims to promote inclusive economic growth and to transition to more sustainable development. Support for alternatives such as the circular economy perfectly aligns with the SDGs and with the public policies covered internationally in the 2030 Agenda, including the EU Sustainable Finance Action Plan and the Spanish national Change Agenda. As public promotion banks, we have a clear leadership responsibility in this field and a great commitment to enhance collaboration among European institutions.

ICO Chairman José Carlos Garcia de Quevedo

KfW has always been focused on sustainability: About 40% of our financing already accounts for environmental and climate protection. But no country can handle the huge challenges in this field on its own. That’s why it’s of utmost importance to join forces with our European partners. The conservation of our natural resources is a pivotal task for all of us, and we have to devote more attention to this issue. The shift to a circular economy will play a key role here, and our joint initiative is a first step to achieve this goal.

KfW CEO Dr. Günther Bräunig