Lu-Ve Receives €40m ESG loan

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by KnowESG
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The Italian bank BNL BNP Paribas gave Lu-Ve, a company that makes heat exchangers, a €40 million sustainability-linked loan.

The Italian banking giant's latest "positive loan" is said to have terms that help the company if certain sustainability goals are met. It is specifically intended to promote the Lu-Ve Group's contribution to the battle against climate change by developing heat exchangers that use "natural" refrigerants.

Matteo Liberali, the CEO of Lu-Ve, said that his company has always paid close attention to environmental, social, and governance (ESG) issues and was glad to hear that its plans to grow are being supported.

“Our research and development team is working, in advance of other market operators, on high energy-efficiency products with natural coolants that have reduced environmental impact, low noise levels, and high reliability over time. Thanks to the agreement with BNL, we will be able to accelerate our green transition and study even more innovative and cutting-edge applications,” he said.

This year, the Italian bank Banco BPM gave Lu-Ve a €40 million ESG loan, and the Italian investment bank Cassa Depositi e Prestiti (CDP) gave it another €40 million ESG loan.

Source: Cooling Post

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