Sustainability Linked financing of €600 million to Italgas

Image of the news for the sustainability linked loan to Italgas depicts a smiling young woman wearing glasses, holding a tablet in her hands, surrounded by the reflections of trees and green leaves filtering through a glass in front of her

Intesa Sanpaolo took part in the pool of Italian and international banks that signed a €600 million Sustainability Linked loan agreement for Italgas, Italy's leading gas distribution operator and the third largest in Europe.

It is a Revolving Credit Facility with a 5-year maturity, which will enable Italgas to develop innovative and sustainable projects, including for the development of renewable energy.

The transaction is linked to the achievement of certain ESG objectives, including:

the reduction of Scope 1 and 2 emissions
strengthening the number of women in positions of responsibility.

BNL, BNP Paribas, Cassa Depositi e Prestiti, Mediobanca, Société Générale and Unicredit also participated in the transaction.

Last updated 8 March 2024 at 10:08:00