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Circular Economy Finance Guidelines and how ING applies them

Explore how ING applies Circular Economy Finance Guidelines and the key changes for manufacturers when shifting to a Product-as-a-Service business model. Learn about financing circular supply chains, cost price calculation, reporting, logistics, and more. Discover ING's solutions and loans for circular-related activities, green bonds, and sustainable improvement.

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Circular Economy Finance Guidelines and how ING applies them

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  1. Insert filepath here Circular Economy Finance Guidelines and how ING applies them • Joost van Dun • Stockholm, 16 May 2019

  2. [Insert filepath here] Circular Economy Finance Guidelines Why? Who Aim

  3. [Insert filepath here] Circular Economy Finance Guidelines Business Model Assessment Impact Assessment (Social, Environmental) Exclusions

  4. Circular Economy Business Models Product as a Service Business Model is seen as one of the key drivers of the Circular Economy. Key changes for manufacturer when shifting to PaaS: Balance sheet extension Credit risk Financing Circular Supply Chain Cash flow Cost price calculation Reporting Sharing Platform Logistics manufacturing Marketing& Sales Product development Sourcing Product as a Service Product use End of life disposal Recovery & Recycling Reverse logistics Product Life Extender Source: Accenture

  5. [Insert filepath here] Whatdid we do? Training E-Learning Game Scorecard

  6. Solutions ‘Regular’ Loans Lease Supply Chain Finance Regular products • Finance of circularrelatedactivities Green Bond • Use of proceeds for circular activities Link to ‘green products’ Green Loan • Sustainable KPI’s linked loan. KPI’s related to Circular targets or improvement on level of circularity Sustainable Improvement Loan • Tailor made solutions • Multiple parties involved • Multiple sources of funding Business Model Development Product-as-a-Service Sharing platforms

  7. Circular Economy Linear Economy So, what changes? • We finance assets • Focus on assessing historical financials • Single company • (Residual) value is known • We finance services • Focus on understanding future cashflows • Partnerships • (Residual) value changes

  8. Thank you! Joost van Dun Circular Economy Lead ING WholesaleBanking | Sustainable Finance M +31 6 30 88 26 19 E Joost.van.Dun@ing.com

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