S-Loan financing of €37 million to achieve ESG goals at Parmareggio

Intesa Sanpaolo supports the sustainable growth projects of Parmareggio SpA with an S-Loan financing guaranteed digitally and by Sace through Garanzia Italia.

The financing – which will last 72 months – will have various objectives, including support for activities with a strong social impact in support of associations operating in the non-profit sector and personal and professional support for disadvantaged groups, as well as internal training programmes for staff on issues relating to the culture of environmental sustainability.

S-Loans are medium-long term loans that provide companies with financial support to make innovative investments based on ESG (Environmental, Social, Governance) criteria.

In addition, Intesa Sanpaolo is the first Italian bank to sign the cooperation protocol with Sace to offer financial support to companies damaged by the COVID-19 emergency.