Euronext’s ELITE, Eni Unveil New SDG-Focused Sustainable Finance Tool Targeting the Energy Supply Chain
Euronext private market-focused company ELITE, and Italian energy company Eni announced today the introduction of the “Basket Bond – Sustainable Energy” program, a new sustainable finance solution targeted at companies in the integrated energy supply chain, and supporting their efforts to foster the energy transition and advance the UN Sustainable Development Goals (SDGs). Financial services company Illimity is acting as arranger for the program.
The new program is focused primarily on SMEs committed to goals such as a fair energy transition path and to the improvement of their own industrial processes and business models, aiming to provide them with access to financial resources at favorable terms, to be used in projects and investments for the achievement of the SDGs.
Examples of projects targeted by the basket bond tool include the renewal of plants for better energy efficiency and improved environmental impact, renewable energy access, sustainable mobility, circular economy model development, employee health and safety initiatives, and skills training.
ELITE CEO Marta Testi said:
“’ELITE has always been committed, both in Italy and abroad, to support the sustainable growth of small and medium-sized enterprises, the backbone of the real economy. Thanks to this project, we now share this priority objective with ENI and illimity Bank.”