Sicily by Car green financing for cars with a reduced environmental impact

The image of the news on the S-loan loan to Sicily by Car to introduce cars with reduced environmental impact into the fleet represents a man behind the wheel of a car

Intesa Sanpaolo has signed a €15 million ESG S-Loan, with SACE green guarantee, with Sicily by Car, aimed at adding a quota of hybrid cars to the company fleet with lower environmental impact, that ensure reduced consumption and emissions.

Sustainability Loans (S-Loans) are innovative financing solutions dedicated to the ESG transition of small and medium-sized companies making investments to improve their sustainability profile. In addition, S-Loans are characterised by a bonus mechanism that allows the company to obtain a discount on the cost of financing itself upon achievement of specific objectives (KPIs) in the ESG (Environmental, Social, Governance) area.

Thanks to their positive impact in terms of mitigating climate change, the financed projects meet the objectives of the Green New Deal, the plan for a modern, circular, sustainable and resilient Europe.