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Circular Economy: The Role of the Financial Sector

The transition to a circular economy is an urgent necessity to enable resilient and sustainable economic growth. For such a transition, a fundamental transformation is needed not only of the private sector businesses and value chains but also of the financial sector as it plays a critical role for financing circularity-related projects and activities. Currently, the financial sector is insufficiently equipped to deliver circular economy investments at the scale needed. A key bottleneck is the low understanding by financial organizations of the circular business models and the existing business opportunity. So, how can the financial sector become more proactive to unlock scalable circularity investments? And what support to financial institutions can IFC provide to facilitate such investments?

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Agenda
15:00
Opening and Introductions
Opening remarks: Liliana Pozzo, Advisory & Upstream Manager, Financial Institutions Group, Europe, IFC
15:10
Circular Economy: Global Outlook. The Role of the Financial Sector
Lisa Da Silva, Global Circularity Lead, Climate Business Department, IFC
15:25
Harmonizing Guidelines for Circular Economy Finance
Jessica Stallings, Sustainable Finance Specialist, Climate Business Department, IFC
15:40
Scaling up Circular Economy Investments: Lessons from Banks in Europe and Latin America
Carlo Cavedon, Circular Economy Advisory and Financing Senior Specialist, Circular Economy Desk, Intesa Sanpaolo Innovation Center, the Intesa Sanpaolo Group; Steve Zavaleta Cavani, Senior ESG Manager, BBVA Peru
16:00
Questions and Answers

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