Credit: support to the ENEL supply chain for sustainable growth paths
As part of the Supply Chain Development Program, Intesa Sanpaolo has signed an agreement with Enel to facilitate access to credit for small and medium-sized enterprises in the Enel supply chain and allow for growth and sustainable development paths.
Supply chain companies will be able to take advantage of a wide range of loans, in particular those linked to investments in the Circular Economy and evolving from an Environmental Social and Corporate Governance (ESG) perspective, as well as advanced supply chain financial tools to facilitate access to liquidity, growth and overcoming the current phase of difficulty towards the restart.
In this launch phase, the collaboration will favor around 130 supplier companies, selected by Enel and distributed throughout the national territory. Thanks to the exchange of industrial information with Enel, the Bank will be able to evaluate suppliers as actors in a solid production chain. Enel companies will thus be able to benefit from the “value” of the chain leader through greater access to credit and rapid redemption of loans.
The challenge of the energy transition necessarily requires the growth and development of our suppliers. Without them, it would not be possible to achieve our decarbonisation, renewable energy development and network digitisation objectives. Joining Intesa Sanpaolo’s Sviluppo Filiere Programme will allow suppliers participating in the Supplier Development Program to take advantage of financial services and access to credit that can facilitate their implementation of circular economy principles and develop innovation and sustainability processes.
Alberto De Paoli, Chief Financial Officer of the Enel Group.
The important supply chain agreement reached with Enel, thanks to the invaluable contribution of our colleagues in the IMI Corporate & Investment Banking Division, further strengthens Intesa Sanpaolo’s Sviluppo Filiere Programme, which already includes 700 large companies in Italy and their 16,000 suppliers. Thanks to the cooperation of a partner like Enel, we are confident that other organizations will join our Programme to involve medium, small and even very small-sized enterprises in relaunching our economy.
Stefano Barrese, Head of the Banca dei Territori Division of Intesa Sanpaolo.
Last updated 21 August 2020 at 16:52:42