Independent journal on economy and transport policy
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Fincantieri - BNP Paribas Italia agreement for a "sustainability linked Guarantees Facility"
Line for guarantees linked to the achievement of two specific objectives of the 2018-2022 Sustainability Plan of the shipbuilding group
February 10, 2022
Fincantieri explained that the line for guarantees granted by BNP Paribas is defined as "sustainability linked" since it is linked to the achievement of two specific Key Performance Indicators (KPIs) present in Fincantieri's 2018-2022 Sustainability Plan: efficient management of energy consumption and sustainability of the supply chain. Based on whether or not you have achieved these objectives, the agreement provides for an upward or reduction in the cost of guarantees, calculated according to a grid symmetrical at the expiration of each year.
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