A loan of 25 million euros to support an Investment Plan aimed at introducing a model aimed at consolidating sustainability as a strategic lever for creating value for stakeholders. The important agreement was signed by the Pastificio Garofalo one of the giants with over a hundred years of history in Gragnano, the city of pasta and Intesa Sanpaolo
The transaction, structured by the IMI Corporate & Investment Banking Division of Intesa Sanpaolo led by Mauro Micillo, consists of a six-year credit line with a fixed interest rate and is characterized by a pricing mechanism linked to the achievement of specific ESG (Environmental, Social, Governance) targets.
The ESG objectives linked to the operation envisage, on the one hand, a significant reduction in both energy consumption and emissions and the materials that are used, and on the other, virtuous waste management. “The operation with an Italian excellence such as Pastificio Garofalo demonstrates that the food sector is increasingly attentive to the impact of its activity and production on the territory in which it operates and more generally on the environment – declares Bruno Pacini, Head of Industry Food & Beverage and Distribution of the IMI Corporate & Investment Banking Division of Intesa Sanpaolo. The Intesa Sanpaolo Group thus confirms its commitment to supporting the country's ESG transformation, supporting companies that aspire to improve their sustainability profile".
“True to our principles of quality, innovation, transparency and passion, we want to respond with concrete gestures to the requests of our consumers who are increasingly aware and attentive to what they bring to the table – comments Massimo Menna, CEO of Pastificio Garofalo. We want to be a company that is increasingly attentive to sustainability and therefore we must take into consideration the main social and environmental trends affecting our sector to mitigate their negative effects and maximize the positive impacts of our actions and we are happy to be able to count on the support and stimulus from Intesa Sanpaolo in this path.”
