(Alliance News) - BPER Banca Spa announced Tuesday the market launch of the sustainability linked loan, a new financing product designed to offer tangible support to all businesses pursuing predetermined and measurable sustainability goals.

With a standardized, business-driven approach, the sustainability linked loan accompanies companies in selecting two ESG indicators linked to the achievement of defined annual targets, chosen from a list provided by the bank, broken down by economic sector and type of transition plan.

In line with commitments made through participation in the Net Zero Banking Alliance, BPER has identified a number of key macrosectors of interest, including agrifood, manufacturing, energy, waste management, transportation and trade.

By actively supporting companies' transition plans, the bank will offer particularly advantageous terms to accompany Italian companies on their path to sustainability. In fact, the product provides a financial benefit linked to the annual achievement of ESG goals.

Stefano Vittorio Kuhn, Chief Retail & Commercial Banking Officer of BPER Banca, said, "After the success of the fin sustainability, with the guarantee of the European Investment Fund, and the Green Corporate Real Estate, winner of the Abi innovation for sustainability 2024 award, we are proud to present the new sustainability linked loan product to the market. This initiative rewards companies that invest in projects and initiatives to achieve predetermined and objective ESG goals."

"We believe," Kuhn continued, "that key sectors such as agrifood, manufacturing, energy, transportation and trade play a key role in combating climate change and adopting more sustainable practices. We are therefore determined to be a trusted partner for Italian companies, supporting them in their transition to sustainability."

BPER Banca's stock is up 1.3 percent at EUR4.57 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.