Intesa Sanpaolo finances the sustainable growth project of Parmareggio Spa, the dairy company of the Bonterre Group. The 37 million euro loan is aimed at supporting working capital, personnel costs and the investment plan of the Modena-based company, focused on ESG (Environmental, Social, Governance) improvement objectives.
The operation has a duration of 72 months and will have, among the various objectives, that of supporting activities with a strong social impact in support of associations operating in the non-profit sector and in personal and professional support for disadvantaged categories, as well as internal training programs dedicated to personnel on issues of the culture of environmental sustainability.
The S-Loan, structured to accompany companies' efforts to achieve ESG objectives, is guaranteed by Sace through Garantee Italia, the instrument of the Liquidity Decree intended to support Italian companies during the health emergency. Thanks to the financing, companies can count on financial support for interventions towards greater environmental, social and governance sustainability. Furthermore, in order to reward the results achieved, a discount on the loan will be recognized for each year in which the commitment is respected.
Among the values of the banking group and of the company belonging to the Bonterre Group, attention to environmental issues stands out: optimizing the use of resources, making production processes more efficient, lowering energy consumption, researching new technologies and materials that have a lower environmental impact.
“The S-Loan loan granted by Intesa Sanpaolo with the Sace Guarantee – he declared Giuliano Carletti, Chief Executive Officer of the Bonterre-Parmareggio Group – represents for our Group not only an important support for our future development projects in a period made particularly complex by the pandemic but, above all, the confirmation of a way of understanding finance itself as a tool at the service of companies and responsibility objectives social they pursue".
"The ESG criteria developed in the world of finance with the aim of evaluating investments are today points of reference for companies that want to direct their sustainable strategy - he underlined Anna Roscio, head of the Intesa Sanpaolo Business Sales & Marketing Department – Our bank was the first to sign the collaboration protocol with Sace to financially support companies in the Covid-19 emergency, but right now it is essential that companies continue to be encouraged to make strategic investments".
