INTESA SANPAOLO PROVIDES FINANCING OF €50 MILLION
TO SDF FOR SUSTAINABLE DEVELOPMENT

 

• Fabio Matti (Head of Industry Automotive & Industrials of the Intesa Sanpaolo IMI CIB Division): "The transaction with SDF has unique features in that the ESG objectives linked to the loan aim to involve the company's entire supply chain by introducing social sustainability criteria and encouraging a virtuous path throughout the entire supply chain."
• Filippo Simonetti (Chief Financial Officer & I.T. Executive Director of SDF): "SDF has always been attentive to quality and work ethics, respect for the environment and the well-being of communities. The trust placed in us by Intesa Sanpaolo, with the important financing project in our favour, supports our vision of sustainable innovation."

Milan, 10 August 2021 - Intesa Sanpaolo and SDF, an Italian multinational company that is one of the world leaders in the production of tractors, harvesting machinery and diesel engines, have signed a loan agreement for an amount of €50 million aimed at achieving specific targets related to sustainability.

The transaction, structured by Intesa Sanpaolo's IMI Corporate & Investment Banking Division, headed by Mauro Micillo, consists of a 3-year credit line with an interest rate index-linked to the Euribor rate and is characterised by a pricing mechanism linked to the achievement of specific ESG (Environmental, Social, Governance) targets.

The loan confirms the company's strong commitment to a model aimed at improving environmental performance and introducing social sustainability criteria throughout its supply chain.

The ESG objectives linked to the operation, in fact, envisage on the one hand an increasing use of energy from renewable sources for internal production, to cover 100% of the energy needs of the Treviglio plant by 2022 and, on the other hand, screening to ensure the transparency and traceability of suppliers selected on the basis of social sustainability criteria.

"The agreement with SDF demonstrates how the topic of environmental and social sustainability is increasingly central to the strategic and operational choices of companies, even in the Automotive & Industrials sector, in which SDF represents an international excellence - says Fabio Matti, Head of Industry Automotive & Industrials - Global Corporate Department of Intesa Sanpaolo's IMI Corporate & Investment Banking Division. The transaction with SDF also has unique features in that the ESG objectives linked to the loan aim to involve the company's entire supply chain by introducing social sustainability criteria and encouraging a virtuous path throughout the entire supply chain. The Intesa Sanpaolo Group thus confirms its commitment to supporting Italy's ESG transformation, by bolstering companies that aim to improve their sustainability profile."

"SDF has always been attentive to quality and work ethics, respect for the environment and the well-being of communities - declares Filippo Simonetti, Chief Financial Officer & I.T. Executive Director of SDF. This commitment sees us increasingly active in the use of renewable energy sources and in the selection of partners who share our ESG vision. The trust placed in us by Intesa Sanpaolo, with the important financing project in our favour, supports our vision of sustainable innovation."

 

Informazioni per la stampa

Intesa Sanpaolo

Media Relations, Corporate & Investment Banking and Governance Areas

stampa@intesasanpaolo.com