30 million euro from Intesa Sanpaolo with Green Guarantee by SACE to support LU-VE Group ESG investments

At the heart of the investments is the further expansion of LU-VE Group ESG projects, focused on the development and production of highly efficient refrigeration and air conditioning systems that use natural refrigerant fluids with low environmental impact.

The twoS-Loans, each of 15 million euro, disbursed by Intesa Sanpaolo make use of the SACE Green Guarantee and are part of the 1 billion euro funding underwritten by Cassa Depositi e Prestiti to support SMEs and Mid-Caps.

Intesa Sanpaolo has already disbursed 1.4 billion euro in Lombardy to support virtuous SMEs in achieving ESG objectives.

Specifically, the loan is intended for the development plans of LU-VE Group, aimed at mitigating climate change. The Group contributes directly to the well-being of the environment through the development of heat exchangers that use natural refrigerant fluids (CO2, ammonia, propane and glycol water), instead of hydrofluorocarbons (HFCs), with the consequent benefit of eliminating or drastically reducing the negative impacts on the environment (ODP - Ozone Depletion Potential and GWP - Global Warming Potential), thus also responding to the green needs of its customers.

The ESG (Environmental, Social, Governance) improvement objectives linked to the S-Loan financing for LU-VE Group provide for the adoption of a Green Procurement Policy and the maintenance in the company fleet of a predetermined percentage of vehicles with reduced environmental impact.

Matteo Liberali, CEO of LU-VE Group: "We are very pleased with this new collaboration with Intesa Sanpaolo; thanks to it we can intensify our commitment to the engineering and development of innovative refrigeration and air conditioning system. Attention to sustainability has been one of our hallmarks since our foundation: research and investments in environmentally friendly solutions are the two fundamental points that have allowed the growth of the Group. We are increasingly enhancing the use of natural refrigerant fluids in our heat exchangers. For over 15 years, our research and development team has been working, ahead of other market players, to be able to broaden the range of applications for these fluids. Innovation and respect for the environment are in our DNA and therefore we greatly appreciate the fact that Intesa Sanpaolo has recognized our commitment, to support us on our next stage of growth ".