SACE, an entity committed to supporting Italy’s ecological transition with digital and flexible solutions, has recently collaborated with illimity Bank, a leader in assisting companies with Environmental, Social, and Governance (ESG) development.
This partnership is a significant step towards accelerating Italy’s sustainable transition, aiding Italian businesses in their eco-friendly investments.
The core reason for this partnership lies in their shared goal of propelling Italy’s ecological transition. By combining SACE’s Green Guarantee with illimity Bank’s expertise in supporting ESG development, this collaboration aims to significantly bolster Italy’s efforts in reducing environmental impacts and embracing sustainable practices.
SACE stands out for its digital, flexible, and accessible Green Guarantee, designed to aid Italy’s ecological transition. This innovative approach includes simplifying and digitalising processes for easier access and improved customer experience.
The partnership will allow limited companies with a turnover of up to €500m to benefit from SACE’s 80% Green Guarantee. This guarantee, offered at market conditions, will be accessible through a fully standardised and digitalised process. Innovations include increased financing flexibility and the possibility of multiple disbursements. The changes made to the Green Guarantee are set to facilitate and accelerate the signing of new green conventions.
Daniela Cataudella, SACE’s Managing Director Digital Business, emphasized the competitive and resilient nature of businesses investing in sustainability, particularly SMEs, which are crucial to their INSIEME 2025 business plan. She stated, “With our Green Guarantee, we in SACE have already supported over 500 projects in Italy having a total value of 12 billion euro and are daily committed to supporting investments that are beneficial in accelerating sustainable transition processes in all areas and sectors.
“A commitment that we are putting into practice with the leading players in the system and the Italian financial institutions, such as illimity Bank, with whom this present arrangement can be added to the many partnerships already in place, in order to strengthen our support for ecological transition in Italy.”
Stefano Ortolano, Head of Crossover & Acquisition Finance at illimity, commented on their sustainable approach and strategy. He said, “illimity is a sustainable native company since from its very beginnings it has followed a process of integrating ESG objectives into its business, governance and process models.
“The approach we are taking makes us a reference partner throughout Italy for SMEs intending to achieve and/or improve their sustainability objectives. The agreement with SACE therefore fits perfectly into our strategy, enabling us to further extend the services provided in support of sustainable transition that lie at the heart of our growth plans, which are being given a renewed focus for 2024 and impact not only businesses but also the local area as a whole.”
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