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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Italy : € 40,000,000
Services : € 8,000,000
Energy : € 32,000,000
Signature date(s)
1/01/2018 : € 4,000,000
1/01/2018 : € 4,000,000
1/01/2018 : € 16,000,000
1/01/2018 : € 16,000,000
Link to source

Summary sheet

Release date
21 March 2016
Status
Reference
Signed | 01/01/2018
20150769
Project name
Promoter - financial intermediary
ITALIAN GREEN BOND FUND
FORESIGHT GROUP LLP
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 200 million
Location
Sector(s)
  • Energy - Electricity, gas, steam and air conditioning supply
  • Services - Public administration and defence; compulsory social security
Description
Objectives

Investment fund targeting debt securities related to renewable energy and energy efficiency projects in Italy

The fund seeks to provide innovative debt financing in the form of mini bonds to smaller renewable energy projects in Italy.

Environmental aspects
Procurement

Most of the projects to be financed by the fund are expected to fall under Annex II of Environmental Impact Assessment (EIA) Directive 2011/92/EU, leaving it to the national competent authority to determine on the basis of Annex III of that directive whether an environmental impact assessment is required. During appraisal, the fund manager's environmental and social management capacity and due diligence procedures will be reviewed to ensure compliance with the Bank's standards and the principles of EU environmental directives (including the EIA Directive, Habitats Directive and Birds Directive, Water Framework Directive and Industrial Emissions Directive), as applicable.

The fund's investment guidelines will be required to ensure that procurement procedures applied by the promoters of the underlying investments financed by the fund are in line with the provisions of the relevant directives and the Bank's Guide to Procurement.

Link to source
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - ITALIAN GREEN BOND FUND
Publication Date
20 Oct 2016
Document language
Main Topic
Lending
Document Number
67139506
Document Focus
Environmental Information
Project Number
20150769
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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