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The two giants, as partners of the Ellen MacArthur Foundation, commit to a set of practical initiatives in Italy.
Two major figures made their appearance on the Italian circular economy scene: we are talking about Cisco and Intesa San Paolo, which officially committed to undertaking some joint projects to speed up the process of transition towards the circular economy.
The IT giant and the main Italian bank are Global Partners of the Ellen MacArthur Foundation, the world’s largest organization in the field of circular economy. The two partners are ready for action with a series of joint initiatives in several fields:
- Remarketing of Cisco products (refurbished and marketed by certified and authorized operators): by “remarketed products” Cisco means over 4 thousand products currently marketed or in End of Sale in several technological fields (routing, switching, wireless, telephony, security, etc.). These products are refurbished, updated, tested, and certified in compliance with Cisco’s quality standards.
- “Operative Rental” programs by Cisco Rentals such as “Lifecycle Financing”: this program allows flexible rental options to systematically renew a company’s technological resources, based on corporate strategies and planning. This rental system guarantees fixed budgets and the optimization of the products’ life cycle. The products returned at the end of the rental period are treated in compliance with Cisco’s environmental policies, which regulate the disposal of the products or their recovery.
- Modular and reusable infrastructural solutions: modular solutions are made to be reused, readapted and/or updated, so as to increase their life cycle.
- “Take back and Recycle Program” by Cisco: the program aims at collecting and reusing the materials contained in the electronic devices returned by consumers. These materials are then reused in new products.
Intesa Sanpaolo will help redefine the corporate strategies required to support an innovative evolution of these initiatives. Moreover, it will guarantee financial support for the investments aimed to the redesign of the industrial system.