PRESS RELEASE
INTESA SANPAOLO AND SACE SUPPORT
SUSTAINABLE DEVELOPMENT OF LUCART
Milan/Porcari (LU), 25 January 2022 – Lucart, one of a very powerful European paper teams, recognized for, amongst different issues, the manufacturers Tenderly, Grazie Natural and Tutto Pannocarta, and Intesa Sanpaolo have signed a financing settlement for an quantity of 10 million euros backed by a SACE Green Guarantee.
The financing is geared toward supporting Lucart Group’s development and development plan from an ESG (Environmental, Social and Governance) and round economic system perspective. The credit score facility has a pricing mechanism linked to the achievement of particular sustainability targets. These goals embody, on the one hand, completion of the Castelnuovo di Garfagnana (LU) manufacturing line, which is able to allow the corporate to extend its use of different packaging, and, on the opposite, better restoration of Tetra Pak® t ype poly-coupled meals cartons on the Diecimo (LU) plant.
The transaction was concluded by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division, led by Mauro Micillo with the support of the Circular Economy Desk of Intesa Sanpaolo Innovation Centre, an organization devoted to innovation and to the unfold of round economic system.
The financing is an element of Lucart Group’s technique, which for years has adopted a sustainable development mannequin geared toward optimising the use of uncooked supplies and lowering waste by reworking it into new assets, according to the ideas of round economic system. Lucart is the truth is the one tissue mill succesful of recovering all of the parts of beverage cartons: each the fibrous half, which is transformed into paper merchandise of the Natural traces, and the aluminium and polyethylene half, transformed into different objects resembling pallets for transporting items.
Thanks to their constructive impression in phrases of mitigating local weather change, the financed initiatives meet the goals of the Green New Deal, the plan for a contemporary, round, sustainable and resilient Europe. In this context, SACE performs a central position within the implementation of the Green New Deal in Italian territory, as envisaged by the “Simplification” Decree Law of July 2020 (76/2020). The firm led by Pierfrancesco Latini, can now challenge “green guarantees” for home initiatives that encourage the transition to an economic system with a decrease environmental impression, combine manufacturing cycles with low-emission applied sciences for the manufacturing of sustainable items and providers and promote initiatives geared toward creating new and greener modes of transport. Since the entry into power of the Decree, a workforce of specialists has been arrange throughout the varied company features, encompassing completely different and complementary skilled abilities, succesful of responding comprehensively to the wants of these new SACE
operations. The deal in support of Lucart was concluded because of the dedication of the Florence workplace, one of SACE’s 14 native workplaces in Italy, and the Green Task Force, arrange to answer the wants of the brand new operations linked to the Green New Deal.
“Lucart Group is a top Italian and international player that has embraced environmental sustainability issues for a some time,” commented Richard Zatta, Head of Global Corporate at Intesa Sanpaolo’s IMI Corporate & Investment Banking Division. “This transaction confirms Intesa Sanpaolo’s commitment to boosting and concretely supporting the Green and Circular Economy by sustaining the development plans of companies in this area.”
“We are proud,” pressured Mario Bruni, Head of Mid Corporate at SACE, “to continue to support the growth of a key player like Lucart and to work alongside it in its sustainable development plans. With our involvement, the company will be able to pursue important objectives of environmental protection and circular economy in line with the objectives of the NRRP. SACE thus continues to play a leading role in Italy’s ecological transition.”
“We are very pleased with the support that Sace and Intesa Sanpaolo will be giving our projects. Their commitment to the sustainable economy dovetails perfectly with our dedication to applying circular business models through a strategic plan to increase the recovery of raw materials to 60%,” commented Andrea Fano, Chief Financial Officer of Lucart Group. “Another important goal is to get to 100% recycled and/or compostable packaging by 2030, on all our production lines.”
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About Intesa Sanpaolo
Intesa Sanpaolo is a wealth administration & safety firm, Italy’s main financial institution and one of probably the most stable and worthwhile financial institution teams in Europe. It gives business, company funding banking, personal banking, asset administration and insurance coverage providers. The Intesa Sanpaolo Group has roughly 13.5 million prospects in Italy and 7.1 million prospects overseas by means of business banking subsidiaries in 12 nations in Central-Eastern Europe and Middle East and North Africa as nicely a global community to support company prospects throughout 25 nations. Intesa Sanpaolo is acknowledged as one of probably the most sustainable banks on the earth and is dedicated to changing into a reference mannequin in phrases of sustainability and social and cultural accountability. Intesa Sanpaolo helps main financial inclusion and poverty discount initiatives, together with a €1.5 billion impression fund for loans to social teams who wrestle to entry credit score. The Group has a €6 billion fund devoted to the round eco nomy. The Group can also be deeply concerned in cultural initiatives in Italy and additional afield, with the intention of preserving, selling and sharing Italy’s historic and inventive heritage, additionally because of everlasting and short-term exhibitions hosted on the Gallerie d’Italia, Intesa Sanpaolo’s museums loca ted in Milan, Naples, Vicenza and, quickly, Turin.
Web website: group.intesasanpaolo.com/en/| News: https://group.intesasanpaolo.com/en/newsroom/news| Twitter:
@intesasanpaolo | LinkedIn: https://www.linkedin.com/company/intesa-sanpaolo| Facebook: @intesasanpaolo |
Instagram: @intesasanpaolo
Press contacts
Intesa Sanpaolo
Media Relations, Corporate & Investment Banking and Governance Areas stampa@intesasanpaolo.com https://group.intesasanpaolo.com/it/sala-stampa/news
SACE
SACE is the monetary insurance coverage firm specialised in supporting the expansion and development of companies and the Italian economic system by means of a variety of instruments and options to enhance competitiveness in Italy and worldwide. For over forty years, SACE has been the accomplice of reference for Italian firms exporting to and increasing in international markets. SACE additionally cooperates with the banking system, offering monetary ensures to facilitate firms’ entry to credit score. This position has been bolstered by the extraordinary measures launched by the so-called Liquidity Decree and Simplification Decree. These measures have added essential components to SACE’s position, increasing its scope past its conventional position in exports and internationalisation, to the home market and inexperienced initiatives. SACE has at all times paid explicit consideration to the sustainability of the initiatives it helps, evaluating environmental, social and financial impacts on the premise of OECD tips, in a logic of inclusiveness and shared worth. Values which can be reaffirmed in SACE’s Sustainability Report and strengthened by the introduction of the Climate Change Policy: these embody measures geared toward enhancing the contribution of enterprise actions supported by SACE to the discount of climate-changing emissions. SACE serves over 26 thousand firms, particularly SMEs, supporting their development in Italy and in round 200 international markets, with a diversified vary of insurance coverage and monetary merchandise and providers.
Media contacts: Press Office SACE | 06 6736888 | ufficiostampa@sace.it | Media Gallery
Lucart
Lucart, a number one European producer of tissue merchandise (paper articles for each day use resembling rest room paper, kitchen paper, napkins, tablecloths, handkerchiefs, and many others.), airlaid and machine-glazed paper, was based in 1953 by the Pasquini household. The firm’s product is unfold over three enterprise models (Business to Business, Away from Home and Consumer), engaged within the development and sale of merchandise with manufacturers resembling Tenderly, Tutto, Grazie Natural and Smile (Consumer space) and Lucart Professional, Fato, Tenderly Professional, and Velo (Away from Home space). Lucart’s manufacturing capability is over 395,000 tons/12 months of paper, on 12 paper machines. Its consolidated turnover is over 500 million euros and greater than 1,600 individuals are employed at its 10 manufacturing crops (5 in Italy, 1 in France, 1 in Hungary, 2 in Spain and 1 within the United Kingdom) and a logistics centre. It has participated within the United Nations Global Compact Network Italy since 2021.
We-site www.lucartgroup.com
LinkedIn: https://it.linkedin.com/company/lucart-group
Twitter: https://twitter.com/lucartgroup
Lucart
Communication workplace
Tommaso De Luca – tommaso.deluca@lucartgroup.com
Giulia Pasquini – giulia.pasquini@lucartgroup.com
Tel. 0583-2140
Press workplace
BPRESS, by way of Carducci 17 – Milano Gabriele Ciullo
Giovanni Nardiello lucart@bpress.it
Disclaimer
Intesa Sanpaolo S.p.A. printed this content material on 25 January 2022 and is solely accountable for the data contained therein. Distributed by Public, unedited and unaltered, on 25 January 2022 11:06:02 UTC.
Publicnow 2022
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Technical evaluation developments INTESA SANPAOLO S.P.A.
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