Snam issued bonds for 1.5 billion euros in 'dual tranches' as part of its 'Sustainable Finance framework', collecting 4 times more subscriptions for 6 billion.
The operation is divided into a first 'Green Bond' for the financing of green projects aligned with the European taxonomy and a first 'Sustainability-Linked Bond' linked to objectives on the reduction of 'scope 3' emissions.
"Following the presentation of the strategic plan at the end of January and the recent publication of the new SustainableFinance Framework - comments the financial director Luca Passa - we have successfully placed the first Green Bond with investments aligned with the European taxonomy and the first Sustainability-Linked Bond linked to scope 3 emissions ".
"Our significant commitment to reducing Co2 emissions - he underlines - is also recognized by the first Net Zero Assessment at a global level obtained by Moody's, which certifies the alignment of Snam's decarbonisation trajectory with the scenarios envisaged by the Paris Agreement".
"Today's operation - he concludes - recorded an overall peak demand of more than 6 billion euros and represents a further step in our financial strategy to cover the investment plan announced last January, towards the objective of 85% sustainable finance ".
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