Terna, operator of the electricity transmission networks listed on Euronext Milan, has signed a Credit Facility Agreement ESG linked for a total amount of 100 million of Euro. The line of credit will have a duration of 3 years, with an interest rate linked to Terna's performance in relation to specific environmental, social and governance indicators (ESG).
The loan was signed with SMBC Bank EU AG – Milan Branch (controlled by the Japanese financial company Sumitomo Mitsui Financial Group).
Yesterday the stock on the Stock Exchange closed down by 1,51% at 6,15 euros
The transaction confirms the central role of sustainability in Terna's strategy
The credit line, explains a note, “allows Terna to be able to count on a adequate liquidity to its financial solidity and confirms the group's strong commitment to the introduction of a model aimed at increasingly consolidating sustainability as a strategic lever for the creation of value for all its stakeholders”.
Recently Terna has obtained the green light from the Ministry of Ecological Transition for the eastern section of the power line submarine that connects Campania and Sicily, of 3,7 billion euros, which will be operational as early as 2025
Terna, was the first Italian company to participate in the Stanford Energy Corporate Affiliates (SECA) program, which also includes the Bits&Watts initiative, promoted by the "Precourt Institute for Energy", the Stanford University department for research, education and awareness on energy issues.
