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Press Release

INTESA SANPAOLO SUPPORTS SDF WITH A 50 MILLION SUSTAINABLE DEVELOPMENT LOAN

August 10, 2021

  • Fabio Matti (Head of Industry Automotive & Industrials at Intesa Sanpaolo’s IMI CIB Division): “This operation with SDF is unique in the sense that the ESG objectives tied to the loan are designed to involve the whole of the company’s supply chain by introducing social sustainability criteria and favouring good practices across the sector”.
  •  Filippo Simonetti (Chief Financial Officer & I.T. Executive Director at SDF): “SDF has always been attentive to quality, work ethics, environmental protection and community well-being. The trust shown by Intesa Sanpaolo with this important loan is supporting our vision of stable innovation.”

 

Milan, 10 August 2021 - Intesa Sanpaolo and SDF, an Italian multinational and one of the world’s leading manufacturers of tractors, agricultural harvesters and diesel engines, have signed an agreement for a €50 million loan to enable the company to achieve specific sustainability targets.

The operation, which was structured by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division led by Mauro Micillo, consists of a three-year credit line whose interest rate is linked to the Euribor index and has a pricing mechanism tied to the fulfilment of specific ESG (Environmental, Social and Governance) targets.

The loan is confirmation of SDF’s strong commitment to a business model aimed at improving environmental performance while introducing social sustainability criteria throughout the supply chain.

The ESG objectives tied to the loan will see on the one hand an increasing use of renewable energies for internal production, up to 100% of the Treviglio plant’s energy requirement by the end of 2022. On the other hand, the project involves a screening process that will guarantee the transparency and traceability of suppliers, who are selected according to social sustainability criteria.

“This agreement with SDF shows that the topic of environmental and social sustainability is increasingly a central pillar of companies’ strategic and operational decisions, also in the Automotive & Industrial sector, in which SDF is an outstanding example on the international stage - commented Fabio Matti, Head of Industry Automotive & Industrials in the Global Corporate Office of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division. The operation with SDF is unique in the sense that the ESG objectives tied to the loan are designed to involve the whole of the company’s supply chain by introducing social sustainability criteria and favouring good practices across the sector. The Intesa Sanpaolo Group is thus confirming its commitment to supporting Italy’s ESG transition, by supporting businesses looking to improve their sustainability profiles”.

“This agreement with SDF shows that the topic of environmental and social sustainability is increasingly a central pillar of companies’ strategic and operational decisions, also in the Automotive & Industrial sector, in which SDF is an outstanding example on the international stage - commented Fabio Matti, Head of Industry Automotive & Industrials in the Global Corporate Office of Intesa Sanpaolo’s IMI Corporate & Investment Banking Division. The operation with SDF is unique in the sense that the ESG objectives tied to the loan are designed to involve the whole of the company’s supply chain by introducing social sustainability criteria and favouring good practices across the sector. The Intesa Sanpaolo Group is thus confirming its commitment to supporting Italy’s ESG transition, by supporting businesses looking to improve their sustainability profiles”.

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