BNP Paribas Italian Branch as well as Fincantieri have actually settled an arrangement to transform the assurance line for an optimum quantity of 700 million euros given by the financial institution right into a“sustainability linked Guarantees Facility” The arrangement has a minimal tone of over 4 years as well as it is the very first procedure of this kind for the shipbuilding team.
The assurance line given by BNP Paribas is specified as “sustainability linked” since it belongs to the success of 2 particular efficiency signs (Key Performance Indicator, “KPI”) consisted of in Fincantieri’s 2018– 2022 Sustainability Plan: reliable power intake administration as well as supply chain sustainability. Based on whether these objectives are attained, the arrangement imagines a higher or descending device for the assurances’ prices, computed according to an in proportion grid at the end of every year.
Reference: fincantieri.com
