Intesa Sanpaolo e IGD: innovative credit facility for investments aimed at mitigating risks related to climate change
Intesa Sanpaolo and IGD – Immobiliare Grande Distribuzione S.p.A. have signed an agreement for an unsecured credit facility of up to €10 million, with a five-year term, intended to finance investment projects aimed at enhancing the climate resilience and adaptive capacity of real estate assets.
The financing, provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, headed by Mauro Micillo, will be used by IGD to support initiatives designed to enhance the resilience of the Group’s assets to climate-related risks, including extreme weather events and significant climate variability, thereby helping to ensure operational continuity and the functionality of the properties concerned.
The transaction represents the first financing transaction entered into by Intesa Sanpaolo specifically dedicated to supporting projects aimed at enhancing Adaptation and Resilience (A&R) to climate change, in line with the guidelines of the Bank’s 2026–2029 Business Plan, led by CEO Carlo Messina, which envisages an increasing commitment by the Group to supporting clients in their sustainable transition and climate risk management pathways.
Eligible investments under the credit facility include, among others, building modernisation measures and improvements to thermal comfort, digitalisation and smart infrastructure, energy efficiency initiatives, as well as solutions for sustainable water resource management, such as water reuse or rainwater harvesting, and activities aimed at climate-risk mapping and enhancement of physical protection measures.
“This credit facility marks a further step in strengthening our sustainability strategy and our efforts to mitigate climate risks across our shopping center portfolio, a journey we embarked on about ten years ago. This transaction is not merely a financial instrument, but an additional building block in a broader path that integrates climate resilience and environmental responsibility into our strategic and operational decisions,” said Roberto Zoia, Chief Executive Officer and General Manager of IGD.
“This transaction introduces an innovative financing structure designed to support targeted measures aimed at further enhancing the capacity of real estate assets to effectively address climate-related risks,” commented Laura Asperti, Head of Industry Food & Beverage And Distribution at Intesa Sanpaolo’s IMI CIB Division. “The initiative reflects our commitment to promoting financial solutions that enable companies to take proactive action, strengthening infrastructure resilience over time and integrating climate risk management into sustainable development strategies.”
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