May 19, 2020 / 8:21 AM / 14 days ago

BRIEF-Intesa Sanpaolo Approves Policy On Limitations And Exclusions From Credit In Coal Sector

May 19 (Reuters) - Intesa Sanpaolo SpA:

* APPROVES POLICY ON LIMITATIONS AND EXCLUSIONS FROM CREDIT IN COAL SECTOR

* WILL CONTINUE TO FINANCE COMPANIES WITH A MEDIUM/LONG-TERM STRATEGY OF PROGRESSIVE REDUCTION IN USE OF COAL

* WILL CONTINUE TO FINANCE COMPANIES THAT REQUIRE FINANCING RELATED TO TRANSITION OBJECTIVES FROM COAL, LIKE “GREEN LOAN”, “SUSTAINABLE LOAN”,”TRANSITION LOAN” Source text: bit.ly/2TgWlQI Further company coverage: (Gdansk Newsroom)

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