MILAN — Intercos Group has signed an agreement with Italian bank Intesa Sanpaolo for a 30-million-euro financing to support the achievement of its ESG targets.
The sustainability-linked revolving facility agreement will expire on Dec. 31, 2024.
The environmental, social and governance targets identified by the corporate include renewable energy consumption, the acquisition of micas minerals — which in cosmetics and skincare are used so as to add shimmery and glowy effects — through sustainable sources and the further improvement of the ESG rating assigned to the group by EcoVadis Sas, a specialist in assessing the sustainability and CSR performance of firms.
Intercos Group’s latest EcoVadis rating, released in March, was 72 out of 100, which earned the corporate a gold medal for the...
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