Financing for IGD for investments in climate resilience
The IMI Corporate & Investment Banking Division of Intesa Sanpaolo and IGD – Immobiliare Grande Distribuzione S.p.A. have signed an agreement for an unsecured credit line of up to €10 million, with a five-year maturity, to finance initiatives for the management and reduction of risks linked to climate change.
Immobiliare Grande Distribuzione SIIQ S.p.A. is one of the leading operators in the retail property sector in Italy.
The financing will be used by IGD to support activities aimed at strengthening the Group’s assets’ ability to cope with risks associated with climate change. The aim is to ensure the operational continuity and functionality of the properties concerned even in the event of extreme weather events and significant changes in climatic conditions.
The eligible investments for funding through the credit facility include, amongst others:
- building modernisation works and improvements to thermal comfort
- digitalisation solutions and the development of smart infrastructure
- energy efficiency projects
- systems for sustainable water management, such as water reuse or rainwater collection
- mapping and enhancement of climate protection for physical assets.
This transaction marks the first financing signed by Intesa Sanpaolo specifically dedicated to supporting Adaptation and Resilience (A&R) initiatives in response to climate change. The project is part of the objectives outlined in the Bank’s 2026-2029 Business Plan, which envisages a growing commitment by the Group to supporting clients in their sustainable transition and climate risk management journeys.
