"It is necessary that the credit is appreciated in this concept of circular economy" – The Economic Journal

"It is necessary that the credit is appreciated in this concept of circular economy" - The Economic Journal


The president of the board of directors of Crédito Agrícola, Licínio Pina, foresees that in a ten-year period the bank will be empowered to evaluate new criteria in the granting of financing, which include environmental criteria.

In the observatory "Circular Economy: Challenges and Opportunities for the Portuguese Economy", organized by Crédito Agrícola in partnership with Jornal Econômico, Licínio Pina defended the need for banking to be "sensitized to these issues" of the circular economy.

"It is necessary that the credit be appreciated in this concept of circular and non-linear economy. We have to look at the environment: what does the company do to its deserts? Do you reuse them? Just put them in the landfill? These issues are absolutely essential for the future, "he said on Tuesday.

For the president of Crédito Agrícola, "the bank has an important role here, by preventing environmental crimes from being mentioned by not financing these companies that do not meet certain criteria." "Ten years from now, banks will be able to analyze these activities over a company," he said.

Already the vice president of the direction of the Smart Waste Portugal Association, Ana Isabel Trigo de Morais, warned the need to create "infrastructures to be able to manage and to collect the waste to be able to collect and transform them into raw material".

"We need regulators with competence, capacity and resources to regulate. It is vital that regulation works if we do not have a balanced picture of everyone's performance, "he said, adding that the" real costs of regulation that falls short of what their role should be. "



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