Credit line

A2A S p A: , new Sustainability-Linked credit line with ESG objectives

A2A, new Sustainability-Linked credit line with ESG objectives

Initiative highlights progress towards goals 8, 3, 5, 1, 10

of the UN 2030 agenda

Milano, 5e July 2022 – A2A signed a contract worth 410 million euros over 3 years Linked to sustainability Revolving credit facility, linked to the achievement of three social and governance objectives.

The Group’s commercial strategy involves both a commitment to net zero by 2040 and a focus on the social factor, consistent with the scope of the Declaration for a just transition.

The margin of the new line of credit is in fact linked to strategic objectives in the field of social and governance that A2A defined in the update of its Business Plan 2021-2030 in January 2022.

The first objective is linked to health and safety themes, in particular the reduction of the accident frequency index; the second refers to Sustainable purchases policies, in particular the percentage increase in the order to suppliers assessed with an ESG indicator; finally, the third objective concerns gender equality and is based on reducing the pay gap between men and women (Gender pay gap).

The facility provides for a margin adjustment mechanism both if A2A achieves the objectives set (step down) and if the Group does not achieve these objectives (step up).

The savings resulting from the achievement of the objectives, or the potential penalty caused by the non-achievement, will be donated to the community: this amount will be granted to the non-profit organization Banco dell’energia, a charity promoted by A2A and AEM, ASM, and the LGH Foundations, created with the aim of supporting those who find themselves in situations of economic and social fragility, with particular attention to fuel poverty. This donation will not replace and will be added to A2A’s usual financial support for Banco dell’energia.

A just transition to a net zero world implies the need to integrate social aspects such as employment, dignified and safe work, and the protection of the communities and territories in which we operate in strategic business decisions, with the end goal to leave no one behind” commented Mauro GhilardiA2A People and Transformation Manager.

Banco dell’energia contributes to improving the quality of life of people in need through the distribution of essential goods and the payment of urgent expenses, such as bills for any energy

operator. The Banco also offers social and professional reintegration paths as well as educational courses on the conscious use of energy and its saving.

CaixaBank acted as “Lead ESG Coordinator” in this transaction, BBVA, BNP Paribas, Crédit Agricole CIB and Santander CIB acted as “ESG Coordinators”, and Banca Nazionale del Lavoro as facility agent. The new facility has been underwritten by 6 leading global financial institutions: BBVA, BNP Paribas, CaixaBank, Crédit Agricole CIB and Santander CIB (in the joint role of “Mandated Lead Arrangers” and “Bookrunners”), and Goldman Sachs Bank Europe SE.

A2A was assisted by the law firm Orrick.


Giuseppe Mariano

Media Relations, Social Networks and Web Responsible

Silvia Merlo Silvia Onni

Official stamp [email protected] Such. [+39] 02 7720.4583

A2A – Investor Relations

[email protected]

Such. [+39] 02 7720.3974