One billion euro sustainability-linked credit facility to Snam

Intesa Sanpaolo is in the pool of banks that have granted Snam a €1 billion sustainability-linked loan through which Europe's leading natural gas transmission operator aims to achieve carbon neutrality and sustainable finance funding.

The credit facility granted to Snam is of the revolving type, with a maturity of three years, and is linked to specific sustainability targets, in particular:

• achieving carbon neutrality by 2040
• 85% of total funding to be obtained from sustainable finance by 2027.

By participating in the Sustainability-linked loan to Snam, Intesa Sanpaolo confirms its commitment to support corporate sustainability, a strategic lever for the creation of value for all its stakeholders.

The pool of banks that underwrote the loan also included BNL BNP Paribas, Banco BPM, Crédit Agricole Corporate and Investment Bank and UniCredit.