July 5, 2021 - News

UniCredit supports the ICA Group with Sustainability-Linked Loans

Two-sustainability-linked loans have been granted to sustain our growth.

“Through Garanzia Italia we enable Italian enterprise to benefit from the liquidity and resources it needs in order to bounce back and rekindle growth after this particularly trying period. This is why we are delighted to be able to support the business-growth plans of a company like ICA which strives to meet major environmental-sustainability goals for its future because it is aware that this is one of the main ways to fuel the economy not only in the Marches region, but in the whole of Italy”. Marco Mercurio, Mid-Corporate Manager of SACE for Central-Northern Italy.

UniCredit has given us two loans for an overall amount of 14 million euros. Delivered digitally and implemented quickly by SACE through Garanzia Italia and Garanzia Italia for Mid Cap companies, the funding is Sustainability Linked, meaning that the loans are sustainable-financing market instruments aimed at encouraging the achievement of ambitious set targets in terms of sustainability performance.

“Our R&D laboratory has always been committed to the formulation of top-tier products which are extremely attentive of the environment and human health. This long-standing strategy includes all the actions that have been put in place to improve our ESG Rating, such as reducing CO2 emissions, water consumption and electricity. We are also expending all efforts to make more extensive use of materials from renewable sources for our products as well as recyclable or biodegradable packaging. Therefore, the project we have undertaken with Unicredit is entirely consistent with the company’s mid/long-term strategy”. Luciano Cesari, CFO of the ICA Group.


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