Hogan Lovells advises Italgas on €600 million Sustainability Linked facility

The revolving credit facility, which will enable the Italgas Group to rely on a new source of financing for its future needs, is linked to Key Performance Indicators (KPIs) related to the reduction of Scope 1 and 2 emissions and women in responsible positions, consistent with the targets set in the Strategic Plan 2023-2029 and the Sustainable Value Creation Plan.

The agreement also includes a step-up mechanism of the applicable margin in case of a failure to meet sustainability targets.

The team that advised on the transaction was led by partner Alessandro Accrocca with support from associate Edoardo Minnetti and trainee Noemi Biagini.