The 5 national banks and institutions* in the Joint Initiative on Circular Economy (JICE), including Caisse des Dépôts, alongside the European Investment Bank (EIB), have decided to continue their efforts beyond the initial deadline of 2023. The aim is to further accelerate the transition to a sustainable and circular economy.
The partners have also decided to open up their initiative to other European banks and public institutions interested in making a commitment to a circular economy.
The JICE, launched in 2019, aims to provide long-term financing for projects that accelerate the transition to a circular economy. The JICE partners have set an initial funding target of at least €10bn. By the end of 2022, €8.9bn had already been committed to projects in agriculture, industry and services, mobility, urban development, waste and water management.
Caisse des Dépôts Group is determined to act on ecological transformation and attaches great importance to circular economy. Indeed, circular economy, like our investments in infrastructure, contributes to sustainable resource management in all territories and to meeting our climate commitments. We are happy that our European counterparts share this priority; the good results we are achieving together are another illustration of the effectiveness of our collaborations.
Eric Lombard, CEO of Caisse des Dépôts
To find out more and discover some of the projects funded, read the press release
* Bank Gospodarstwa Krajowego (BGK - Poland), the Caisse des Dépôts Group including Bpifrance, Cassa Depositi e Prestiti (CDP - Italia), Instituto de Crédito Oficial (ICO - Spain), Kreditanstalt für Wiederaufbau (KfW - Germany).