Circular business is overcoming financial barriers
‘Money makes the world go round’, the new report on financing the circular economy, gives directions for overcoming financial barriers that circular businesses encounter. Answers lie in collaboration in the value chain and creating financial instruments to invest in a chain or network of businesses rather than in a single business. This way, risks and rewards can be shared and the incentive arises to collaborate with the aim of creating a circular chain in which all participants earn a piece of the pie.
PGGM took the lead in organizing the working group FinanCE, consisting of PGGM, Intesa SanPaolo, Rabobank, ING, ABN AMRO, EIB, EBRD, Circularity Capital, RSM Erasmus University, Ellen MacArthur Foundation, KPMG Luxembourg, Banking Environment Initiative of Cambridge, Circle Economy and Sustainable Finance Lab.
