Launching ESG Linked Loans for Italian SMEs
Financing social improvement
In Italy, we launched a new ESG Linked Loan on favourable terms for Italian SMEs with a turnover of more than €2 million. The first loans have already been disbursed to Piazza Italia (Naples), Silga (Ancona), Gruppo Bioimpianti (Milan) and Cab (Monza), for a total amount of around €20 million.
The new product has a maximum duration of 10 years and is available to companies that commit to achieving at least two social improvement objectives relating to employee welfare and community support.
UniCredit has always been at the side of its communities and supports the businesses that operate in them, including SMEs, which represent the engine of the Italian economy. In the complex and unpredictable economic circumstances that Europe is facing, it is crucial not only to enable companies to continue to serve their customers, but also to help them develop behaviour that is increasingly attentive to the social aspects of their business. Through our new ESG-linked loan Finanziamento Futuro Sociale, UniCredit is directly supporting Italian SMEs in achieving goals aimed at the wellbeing of their employees and their communities. With around €20 million already disbursed, we are committed to supporting the 'S' of ESG in addition to environmental and governance priorities, to enable a more prosperous development for Italy and Europe.”
Group Chief Executive Officer and Head of Italy