Eni pushes the energy transition. The company led by Claudio Descalzi has launched the program "Basket Bond – Sustainable Energy“, created together with Elite – company of the Borsa Italiana/Euronext Group – e illimity Bank to accelerate the path of sustainable growth and development of the entire energy supply chain, in order to have more solid supplier companies capable of innovating and competing at an international level.
Specifically, the new financial instrument will be the first aimed at all companies in the integrated energy supply chain, with a particular focus on SMEs and dedicated to the objectives of Sustainable Development. The program is developed by Eni, Elite and illimity which, as arranger, "will take care of structuring the operation and defining the financial characteristics by supporting the companies in the issue and placement of the bonds", reads a company note .
Companies admitted to the program will be able to access financial resources, at favorable conditions based on the sustainability profile (both current and prospective), to be allocated to projects and investments aimed at achieving the "Sustainable Development Goals” of the UN and of the just and inclusive transition.
Therefore, all the companies engaged in this process aimed at improving their industrial processes and business models from a green perspective, will therefore be able to finance concrete initiatives such as for example: plant renewal for the purposes of energy efficiency and improvement of the environmental impact; access to renewable energy sources; sustainable mobility; the adoption of circular economy models; the protection of the safety and health of workers as well as the training and creation of new skills.
Eni continues its path on environmental sustainability, including its financial strategy, believing that "the development and use of sustainability-linked financial instruments can help promote the energy transition process towards a low-carbon future", underlines a note from the Group .
