Crédit Agricole Italia has decided to support Gruppo Mastrotto’s sustainable strategies with a €25 million ESG-Linked financing. The Veneto-based tanning holding company, which boasts consolidated sales of more than €500 million and more than 5,000 employees, can therefore continue to invest along the two green directions it has set itself.
The 25 million ESG-linked financing
“This transaction,” reads Gruppo Mastrotto’s press release, “recognizes the substantial value of the company’s commitment to ambitious and concrete ESG objectives, linking the evolution of the cost of the financing to the achievement of specific performance indicators. The projects to be applied, following the investments of the 23-24 biennium, go in two directions. First is “the extension of LCA analysis to all product families”, to move beyond simple measurement in favor of “continuous improvement of the environmental footprint.” Then the introduction of the “system of recovery of organic by-products in the first stages of tanning”, so as to make them available to specialized companies “for processing into components for fertilizers and bio-stimulants”.
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