Intesa Sanpaolo, through its IMI Corporate & Investment Banking Division, has signed an agreement for an ESG credit line for the issuance of guarantees for a total of EUR 55 million in favour of Carrefour Italia.
All companies controlled by Carrefour Italia may benefit of this credit line which includes an incentive mechanism tied to specific ESG targets.
The pricing of the guarantees issued will be tied to specific targets by 2025 as, reducing the amount of packaging used in Carrefour-branded products by more than 1,000 tonnes and reducing greenhouse gas emissions by more than 40% compared to 2019.
This agreement confirms Intesa Sanpaolo’s support for the energy transition and for NRRP-related investments and it is part of the Carrefour Group's strategy based on constant pursuit of and commitment to integration of the pillars of sustainability into everyday choices, thus promoting a business model capable of consistently generating economic, social and environmental value.
Read the Press Release.
