Collaboration Unveiled: SACE Teaming Up with illimity Bank to Boost Sustainability in Italian Businesses
In a significant move towards environmental transition, illimity Bank and SACE have announced a strengthened collaboration. This partnership aims to support Italian businesses in reducing their environmental impact and accelerating the country's sustainable transition.
SACE, a leading Italian export credit agency, has been actively supporting sustainable projects through its Green Guarantee. The agreement with illimity Bank fits perfectly into SACE's strategy for extending services in support of sustainable transition.
The Green Guarantee, available to businesses with a turnover of up to 500 million euros, has already supported over 500 projects in Italy, totalling 12 billion euros. The process has been simplified and further digitalized for improved customer experience, and changes made will facilitate and accelerate the signing of new green conventions.
Daniela Cataudella, SACE's Managing Director of Digital Business, emphasized the importance of businesses investing in sustainability, particularly SMEs, for competitiveness and resilience. She highlighted that illimity Bank's approach makes it a reference partner for SMEs aiming to achieve or improve their sustainability objectives.
illimity Bank, a sustainable native company, has integrated ESG objectives into its business, governance, and process models. The bank's growth plans for 2024 focus on impacting not only businesses but also the local area as a whole. With this partnership, illimity Bank can offer SACE's guarantee for climate change mitigation and adaptation, pollution prevention, water and marine resource protection, biodiversity and ecosystem protection, sustainable mobility, and the circular economy.
SACE is committed to supporting investments that accelerate sustainable transition processes in all areas and sectors. The collaboration with illimity Bank is part of SACE's digital transformation goals and aligns with its INSIEME 2025 business plan.
This partnership is not limited to illimity Bank. SACE is working with leading players in the system and Italian financial institutions to strengthen support for ecological transition in Italy. In fact, the Italian financial institution that has committed to supporting Italy's environmental transition in cooperation with SACE is the Cassa Depositi e Prestiti (CDP).
The new means of accessing the Green Guarantee is a part of SACE's digital transformation goals, aligning with its plans for 2025. This partnership is just one of many steps towards a more sustainable future for Italy.
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