Eni Strengthens Commitment to Sustainable Development with New Programme for Suppliers

Eni Strengthens Commitment to Sustainable Development with New Programme for Suppliers

(IN BRIEF) Eni, an energy company, has launched a new digital and sustainability-related model for its suppliers called the Sustainable Supply Chain Finance Programme. The programme allows Eni suppliers to receive advance payments from financial partners, such as Crédit Agricole and UniCredit, through the FinTech digital platform provided by FinDynamic. The programme is linked to the suppliers’ commitment to sustainable development and encourages the entire supply chain to pursue a path of sustainable growth. Eni aims to offer tools for creating long-term value and support sustainable growth for companies.

(PRESS RELEASE) MILAN, 25-Mar-2023 — /EuropaWire/ — Eni reaffirms its commitment to the energy supply chain by making available to its suppliers a new digital and sustainability-related model – in addition to “Basket Bond – Sustainable Energy” programme -. It is designed for Eni suppliers to receive advance payments from the scheme’s financial partners.

Thanks to FinDynamic’s technology and to the collaboration with Crédit Agricole and UniCredit for financial activities, Eni’s suppliers will have an additional possibility to access credit simply and quickly, and will also obtain favorable financial terms.

By joining the Sustainable Supply Chain Finance Programme, suppliers will have the possibility to request advance payment of invoices issued to Eni through the “FinTech” digital platform, which is provided by FinDynamic, a company specialised in offering innovative solutions to optimise the management of corporate liquidity.

As the banking counterparts (funders) selected by Eni for this programme, Crédit Agricole and UniCredit have initiated the process to finalise the operational procedures.

The conditions for companies to access the programme will be linked to their commitment to sustainable development, thus combining an improvement in financial resource management with ESG performance. To this end, companies will use the functionalities of Open-es, the digital platform connecting industry, finance and trade associations and dedicated to the sustainable growth of supply chains.

With this new programme, Eni is strengthening its support strategy for companies by offering concrete tools for creating long-term value while emphasising the importance of involving the entire supply chain towards a path of sustainable growth.

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SOURCE: Eni