To ING, the importance of sustainability is unquestioned. Our social and corporate responsibility agenda is an integral part of both our commercial and risk strategy. Through a combination of our values, ambitions and our vision of the future we strive to achieve economic growth in a sustainable manner.
Despite the opportunities the transition towards a circular
economy won’t be an easy one. It poses many questions and challenges for our clients and ourselves. To name just a few; What is the circular economy precisely and is it a trend to stay or a well intended hype? Does it require different business models in order to be successful? And if so, can the financial system finance these models?
The purpose of the report is therefore threefold. First we want to identify the business opportunities of the circular economy. Secondly we want to explore differences in business models between traditional and circular businesses. If there are, the circular economy most likely also has an impact on finance. So the third goal is to explore its impact on banking activities. After all, as a forward thinking company we want to help and guide our clients to stay a step ahead in business.
More at http://www.ing.com/About-us/Our-stories/Features/Circular-economy-challenges-financial-business-models.htm