Enel and Intesa Sanpaolo have signed a collaboration agreement for access to credit for Group supplier companies as part of the Intesa Sanpaolo Supply Chain Development Program and Enel's Supplier Development Program. The agreement aims to support small and medium-sized enterprises in the Enel supply chain and to facilitate their access to credit in order to allow them to start paths of growth and sustainable development. The companies in the supply chain will thus be able to activate evolution processes from an ESG (Environmental Social and Corporate Governance) perspective, with particular attention to environmental issues and the transition towards Circular Economy models.
With the Supply Chain Development Program promoted by Intesa Sanpaolo at the end of 2015, Enel and the banking group are launching a collaboration which will favor in this launch phase about 130 supplier companies, selected by Enel and distributed throughout the national territory. Thanks to the agreement, through the exchange of industrial and sectoral information, access to credit for small and medium-sized enterprises is facilitated and economic advantages are recognised, leveraging on the experience gained in supporting the supply chains and on Intesa Sanpaolo's widespread territorial presence. The collaboration will therefore allow the bank to assess the suppliers as players in a solid production chain and to exploit the industrial information provided by Enel within the supplier credit assessment process.
Enel companies will thus be able to benefit from the "value" of the head of the chain through greater access to credit and recourse to rapid financing. The agreement also provides for the possibility for suppliers to take advantage of a wide range of loans, in particular those linked to investments in Circular Economy and in evolution from an ESG perspective, as well as advanced supply chain financial instruments to facilitate access to liquidity, growth and overcoming the difficult phase and thus accompany them in the restart. “The challenge of the energy transition also necessarily involves the growth and development of our suppliers without whom the achievement of the objectives of decarbonisation, development of renewable energies and digitalisation of the networks would not be possible”, states Alberto De Paoli, Chief Financial Officer of the Enel group.
“The important supply chain agreement – he added Stefano Barrese, head of the Banca dei Territori Division of Intesa Sanpaolo – which we created with Enel, thanks to the fundamental contribution of colleagues from the IMI Corporate & Investment Banking Division, further strengthens Intesa Sanpaolo's Filiere Program which already includes 700 large companies in Italy and their 16.000 suppliers. As part of this new agreement, in this first phase, we are also addressing Enel's 130 supplier companies, modulating our offer to support the entire supply chain up to guaranteeing the smallest supplier and leveraging our quality rating model: a form shared with the ECB, which allows companies that invest in innovation, sustainability and product quality to improve the cost of credit. Thanks to the collaboration of a partner such as Enel, we are confident that other realities will also be able to join our Program, to involve medium, small and even very small businesses towards the relaunch of our economic system".
