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Signature(s)

Amount
€ 140,000,000
Countries
Sector(s)
Italy : € 140,000,000
Industry : € 10,500,000
Solid waste : € 45,500,000
Energy : € 84,000,000
Signature date(s)
18/12/2019 : € 10,500,000
18/12/2019 : € 45,500,000
18/12/2019 : € 84,000,000
Link to source

Summary sheet

Release date
29 October 2019
Status
Reference
Signed | 18/12/2019
20190723
Project name
Promoter - financial intermediary
ISP CLIMATE ACTION LINKED RISK SHARING
INTESA SANPAOLO SPA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 140 million
EUR 400 million
Location
Sector(s)
  • Solid waste - Water supply; sewerage, waste management and remediation activities
  • Industry - Construction
  • Energy - Electricity, gas, steam and air conditioning supply
Description
Objectives

The operation is a linked unfunded partial delegation risk sharing instrument for an amount of up to EUR 140m to cover up to 50% of the credit risk associated with a new portfolio of energy efficiency, renewable energy and circular economy small and medium-sized projects originated by the Intesa Sanpaolo Group, located in Italy.

Such loans provided by Intesa Sanpaolo will finance medium sized projects in the field of energy efficiency, renewable energy and environmental protection, in line with EU objectives. The operation also contributes to meeting Italy's renewable energy (RE) and energy efficiency (EE) objectives and will actively support the transition to a circular economy.

Environmental aspects
Procurement

This operation is intended to generate environmental benefits by supporting projects that help mitigate climate change, contribute to reduce greenhouse gas emissions and support transition to circular economy. The EIB will assess the capacity and procedures of the financial intermediary (FI) to ensure compliance with national and European environmental and biodiversity regulations as well as their capacity to support the EIB's public disclosure policy, which aims to facilitate access by the public to environmentally-relevant information.

The Bank will require the FI to ensure that contracts for the implementation of the projects shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/23/EU, 2014/24/EU and 2014/25/EU, where applicable, as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union, as and where required.

Link to source

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) - ISP CLIMATE ACTION LINKED RISK SHARING
Publication Date
24 Dec 2019
Document language
Main Topic
Lending
Document Number
123838557
Document Focus
Environmental Information
Project Number
20190723
Regions
Countries
Publicly available
Download now
scoreboard - ISP CLIMATE ACTION LINKED RISK SHARING
Publication Date
10 Feb 2020
Document Language
English
Main Topic
lending
Document Number
126254906
Document Focus
EFSI legal requirements
Document Type
Scoreboard
Project Number
20190723
Last update
10 Feb 2020
Sector(s)
Solid waste, Industry, Energy
Countries
Italy
Publicly available
Download now

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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