CIRCULAR
ECONOMIES NEWSLETTER

Directed by Alonso Cruz

June 2025

In this newsletter, students from the Visioner Program interviewed César Galarreta Pierrend, Director of Treasury Data Management at CIBC, to discuss the sustainability metrics—like PCAF carbon accounting standards—that banks use for circular‑economy projects, the hurdles created by data gaps, technology limits and expertise shortages, and the tricky task of mapping resource flows in platform and shared‑mobility services.