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San Donato Milanese (MI), 10 December 2020 – Eni S.p.A. (“Eni” or the “Company”) signed sustainable financial agreements with leading banks for a total amount of Euro 4.35 billion linked to the achievement of the United Nations Sustainable Development Goals (SDGs). The amendments concerned Eni's existing financial agreements, which consist of Euro 1.5 billion of loans, Euro 2.4 billion of committed credit lines and Euro 450 million of derivatives to hedge interest rate risk.
The contractual amendments transformed the loans and credit lines into “Sustainability Linked Loan”, and the derivatives for hedging the interest rate risk into “SDG linked Interest Rate Swaps” in compliance with the Sustainability Linked Loan Principles.
The elements of sustainability were introduced through a bonus / malus mechanism associated with a specific sustainability performance objective linked to the Sustainable Development Goals, and in particular to SDG 7 "Affordable and clean energy" and to SDG 13 “Climate action”.
This important result is part of Eni’s broader transition strategy which also involves sustainable finance and a focus on achieving the commitments that the Company has undertaken as part of the CFO Taskforce for the SDGs of the United Nations Global Compact.
Eni CEO, Claudio Descalzi, commented “We have made a further and important step in our energy transition path. Linking our financial instruments to the United Nations Sustainable Development Goals represents a strong and concrete commitment, through which we want to convey to the market and our stakeholders the absolute rigor and irreversibility of our sustainable evolution towards decarbonisation.”
Eni was supported by several banks, among which Banco Bilbao Vizcaya Argentaria S.A., Barclays, BNL gruppo BNP Paribas, BofA Securities, Crédit Agricole Corporate and Investment Bank, HSBC, Intesa Sanpaolo S.p.A., Mediobanca, Santander CIB, SMBC, UBI Banca S.p.A., and UniCredit S.p.A..
Additional information on the Eni’s sustainability strategy and commitment for the SDGs is available to the public on the Eni website, at https://www.eni.com/en-IT/just-transition.html
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EnergIA is an innovative tool based on artificial intelligence capabilities, which can help you navigate the contents of eni.com, quickly finding answers to your questions. Start now!
EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
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EnergIA (ener'dʒia) is a system based on Generative Artificial Intelligence.
Thanks to this technology, we can respond to your requests by querying the most relevant content and documents available on eni.com. (Note: financial documents from the last 12 months and press releases from the last 2 years are considered.)
Through EnergIA, you can delve into topics of interest and have a real-time window into the world of Eni.
If you wish to search for a specific document, press release or news, use the traditional search engine via the magnifying glass icon.
Like all systems that leverage Generative Artificial Intelligence, EnergIA may generate inaccurate or outdated responses. Always consult the sources that EnergIA proposes as the origin of the generated information.
If the system fails to find an exact match for the requested content, it still tends to provide a response.
If you find any inaccuracies in the provided response, please send us your feedback at the bottom of the page: it will be very helpful for us to improve.
Remember that the content generated by the system does not represent Eni’s official position. We therefore invite stakeholders to refer to their designated contacts for official statements: Press Office for journalists, Investor Relations for analysts and investors, Company Secretariat for shareholders etc..
EnergIA can understand questions posed in almost all languages, but we prefer to provide you with a response in English or Italian, the two languages available on eni.com. If you ask a question in Italian, the content on the site in Italian will be consulted. If you ask it in English or any other language, the content in English will be consulted. (Note: the language Eni uses for financial documents/content is predominantly English.)
If questions are formulated that violate the set security criteria, the system will not proceed with processing the response. Please remember not to send personal data.
By using this service, the users acknowledge that they have read and accepted the terms and conditions of use.
A new window into Eni’s world, at your disposal. EnergIA is an innovative tool based on artificial intelligence capabilities, which can help you navigate the contents of eni.com, quickly finding answers to your questions.