When it comes to massive corporations, there's a common perception that they operate outside the regular constraints of the law and effortlessly swim in money. However, recent market trends are disproving this notion, as seen with eni, a colossal multinational corporation that needs no introduction.
In a press release dated December 4th, the company unveiled a revolving credit arrangement tied to the attainment of two sustainability objectives. This isn't eni's initial foray into such agreements; the first dates back to 2022.
What's particularly intriguing is the growing interconnection between credit extensions, loans, and sustainability objectives. Equally noteworthy is eni's ESG strategy, dubbed the Sustainability Linked Financing Framework, which facilitates aligning credit lines with sustainability strategies. Moreover, the company consistently produces yearly ESG Reports.
For more details, the official press release can be found here.