Stevanato Group Secures €130m ESG Financing

Published on:
by KnowESG,

Stevanato Group

KnowESG_Stevanato Group
Image courtesy of https://www.stevanatogroup.com/

Stevanato Group, which offers drug containment, drug delivery, and diagnostic solutions to the pharmaceutical, biotechnology, and life sciences sectors worldwide, has entered into two distinct deals with BNL BNP Paribas and Cassa Depositi e Prestiti Group (CDP) to secure ESG-related financing for its continued global growth.

BNL BNP Paribas is contributing €70 million towards the financing, which is linked to two ESG objectives: the expansion of the Company's renewable energy usage and improvements in waste management. CDP is financing an additional €60 million, which will be used for new investments in technology innovation, the purchase of cutting-edge machinery, and the modernisation of a production plant in Italy. This may also lead to potential employment benefits.

The loans from BNL BNP Paribas and CDP amount to €130 million, reinforcing the Company's dedication to organic and sustainable growth. The Company's investments in the US, Italy, and China will enhance regional production and cater to the growing global demand for high-quality drug containment solutions.

“In both the U.S. and Europe, we have been working alongside our customers to address their needs. With this added visibility, we see elevated demand in the coming years,” commented Marco Dal Lago, Chief Financial Officer of Stevanato Group. “The financing will help us expand much-needed capacity in the U.S., Italy, and China for our premium, high-value solutions to meet our customers’ needs, maximise organic growth, and build long-term shareholder value.”

BNL BNP Paribas and CDP are committed to promoting sustainable finance and supporting companies that align their investments with the attainment of ESG goals.

Mariaelena Gasparroni, BNL BNP Paribas Corporate Banking Director: “In the spirit of partnership, thanks to sustainable finance instruments such as sustainability-linked loans, we continue to support Italian industries that are landmarks of the territories in which they operate and are recognised internationally as major players in their reference sectors. BNL BNP Paribas' loan to Stevanato Group, aimed at achieving sustainability objectives in the environmental field, is fully part of the "Positive Banking" strategy common to the Bank and the entire BNP Paribas Group worldwide, combining business and economic, environmental and social sustainability."

“We are proud to have concluded this agreement, which confirms CDP's proximity to Italian entrepreneurship, rich in dynamic and cutting-edge companies that successfully project themselves towards pursuing ESG purposes. In this perspective, the ESG-linked financing in favour of Stevanato Group confirms CDP's concrete commitment to promoting evolved sustainable finance instruments through initiatives characterised by high levels of additionality and innovativeness,” said Andrea Nuzzi, Head of Enterprise and Financial Institutions at CDP.

For more sustainable finance news

Source: Stevanato Group 

Share:
esg
esg
esg
esg

Sustainable Finance Headlines

$100M Boost for Green Garments in India, Bangladesh

$100M Boost for Green Garments in India, Bangladesh

MeDirect Malta Receives EcoVadis Platinum Rating

MeDirect Malta Receives EcoVadis Platinum Rating

EGA Launches Green Finance Framework for ESG Projects

BIS and MAS Team Up to Tackle Climate Risk in Finance

Digital Payments Slash CO2, Says Worldline Study

LSFI Names Avico Deputy CEO for Sustainability

SAB Recognised for Excellence in Banking and ESG

YIT Establishes a New Green Finance Framework

Terna Secures €250 Million ESG-Linked Credit Facility

PTI Converts €1.2B Credit into Sustainability Loan