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Summary sheet

Release date
30 June 2025
Status
Reference
Approved | 14/08/2025
20240684
Project name
Promoter - financial intermediary
CIA ENERGY EFFICIENCY INVESTMENTS-GREEN LOAN
COMMERCIANTI INDIPENDENTI ASSOCIATI - SC
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 54 million
Location
Sector(s)
  • Services - Wholesale and retail trade; repair of motor vehicles and motorcycles
Description
Objectives

The framework loan will support energy efficiency investments in CONAD supermarkets and retail stores of CIA - Cooperativa Commercianti Indipendenti Associati, located in northern and central Italy. More specifically, the project includes renovating buildings, installing integrated photovoltaic systems, and upgrading refrigeration systems to more efficient models.

The aim is to support the promoter in reinforcing its operational sustainability, improving energy performance in retail stores and reducing energy consumptions, mainly through building renovations, photovoltaic system installations, and energy efficiency measures in refrigeration systems. The project will contribute to climate action mitigation by reducing greenhouse gas emissions.

Environmental aspects
Procurement

The operation will contribute to climate action mitigation objectives through energy efficiency and renewable energy generation, reducing CO2 emissions and air pollution, supporting the implementation of the " Energy Efficiency Directive (EED)" EU 2023/1791 and the EU "Energy Performance of Buildings Directive (EPBD)" EU 2010/31, as recast by Directive EU 2024/127. The investments are expected to be implemented in existing buildings and (if any) only minor negative temporary environmental impacts (noise, dust) might be expected, which are expected to be mitigated by proper works management. Therefore, due to the type and scope of the investments, it is expected that none of the projects will require an Environmental Impact Assessment (EIA) under the EIA Directive 2011/92/EU (as amended by Directive 2014/52/EU). The EIB will nevertheless review during the project appraisal whether any of the investments could fall under Annex II of EIA Directive, as well as the compliance with applicable EU environmental legislation.

As a private company the promoter is not subject to EU rules on public procurement or concessions.

Milestone
Approved
14 August 2025
Related projects
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) - CIA ENERGY EFFICIENCY INVESTMENTS-GREEN LOAN
Publication Date
23 Aug 2025
Document language
Main Topic
Lending
Document Number
248273838
Document Focus
Environmental Information
Project Number
20240684
Sector(s)
Regions
Countries
Publicly available
Download now

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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.
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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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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