UniCredit supports Ghella’s sustainable development plans: from the bank 30 million euros linked to the achievement of a specific ESG objective
02-14-2022
14 February 2022, Rome
UniCredit supports the development plans of Ghella, a historic Roman company of primary importance both in Italy and abroad in the construction of large public projects. The Bank finalized a financial operation of 30 million euro based on sustainable development. This is a Sustainability-Linked Loan in support of the investment plan planned for 2022 and linked to the achievement of a specific ESG improvement target set at the conclusion of the financing.
The transaction is linked to a quantified reduction in CO2 emissions that Ghella is committed to achieve by 2025, corresponding to the publication of the Corporate Sustainability Report.
Founded in 1894, Ghella is a global reality of primary importance in the construction of large public projects. Specialized in underground excavation and tunneling works, Ghella realizes important infrastructures such as subways, railways, highways, and hydraulic projects.
Ghella has always been very attentive of ESG themes, as demonstrated by the Ecovadis Platinum 2021 Certification.
"Sustainability has always been the keyword of our corporate mission - says Marco Tummarello, CFO of Ghella - In recent years it has gone beyond the concept of simple civil liability to become a fundamental factor for those who do business. Sustainability today also offers a competitive advantage for healthier businesses, which can plan to reduce their environmental impact. UniCredit has always been our reference partner for increasingly ambitious initiatives and projects."
"Sustainability is increasingly becoming a determining factor in the development of companies - says Roberto Fiorini, Head of Central Italy of UniCredit - and our Group has made it a key element of the new strategic plan. With this operation we not only confirm our commitment to support the growth plans of local companies, but we do so with a finance solution according to which the company is committed to reaching a specific ESG target. Supporting the transition to a sustainable economy is part of our way of banking with the aim of providing communities with the levers to progress and contribute to building a more equitable and inclusive society for all."