Intesa Sanpaolo has dispensed a loan of 40 million euros in favour of sacmi, the Imola-based group operating in the supply of machinery and plants for ceramics, packaging, food&beverage, advanced technologies and materials. The funding is aimed at achieving specific Research and Development objectives aimed at improving the environmental sustainability of ceramic production processes and Rigid Packaging with particular emphasis on the circular economy. The financing is assisted by the Sace's Green Guarantee for 80% of the financed amount.
In particular, the operation consists of a 8-year credit line characterized by a pricing mechanism linked to the achievement of precise targets in the field of circular economy. In order to develop new technologies and engineering solutions capable of making production processes increasingly sustainable and efficient, by intervening on energy consumption, the recovery of waste materials, the use of compostable materials and the containment of polluting emissions.
“The financing – he underlined Paul Mongardi, President of Sacmi – fits, reinforcing it, within the Group's precise strategy of continuous improvement of the environmental profile of its global offer in response to increasingly sensitive demand and confirms the company's strong commitment to sustainability and ESG, Environmental, Social and Governance”.
The financed interventions fall within the objectives of the Green New Deal, the plan that promotes a circular, modern, sustainable and resilient Europe. As expected from Of the "Simplifications" of last July (76/2020), the company led by Pierfrancesco Latini can issue 'green guarantees' on domestic projects capable of facilitating the transition to an economy with low environmental impact, integrating production cycles with low-emission technologies for production of sustainable goods and services and promote initiatives aimed at developing new mobility with lower polluting emissions.
“The circular economy is essential for economic development that generates a positive environmental and social impact – he declared Richard Zatta, Global Corporate Manager of the IMI Corporate & Investment Banking Division of Intesa Sanpaolo -. The transaction with Sacmi confirms Intesa Sanpaolo's commitment to redefining corporate strategies in an innovative and sustainable key, ensuring financial support for investments to support the redesign of the industrial system. The Bank thus concludes a further transaction for the credit limit dedicated to the Circular Economy”.
Simonetta Acri, Chief Mid Market Officer of Sace added: “With this operation, our ongoing commitment to support the country's ecological transition continues. The transaction further enriches the historic relationship between Sace and the Sacmi Group, which has consolidated over time, not only by supporting growth on foreign markets, but also by finding the most competitive solutions for structured finance needs, of which the transaction green is further confirmation of the important partnership”.
