(Alliance News) - Supporting Italian companies in the transformation of structures and production processes towards an efficient, sustainable energy model based on renewable energies: with the aim of facilitating access to the facilitating opportunities that will be offered by the Transition 5.0 Plan, Banco BPM Spa has instituted a EUR2 billion plafond.

The bank has thus made available, along with financial resources, the broadest medium- to long-term financing solutions for the transition from both a sustainability and digitalization perspective.

The Transition 5.0 measure is a tax creditand is aimed at supporting companies on the path to digital and energy transition. The bonus is recognized for new investments made by companies in the period January 1, 202431 December 2025, intended for production facilities located in Italy, which are part of innovation projects from which a certifiable reduction in energy consumption derives.

The investments that can be financed with Banco BPM's plafond resources are those identified and governed by the Transition 5 Program.0 and related regulations; they consist of expenses related to the purchase of tangible or intangible capital goods that are new and that are interconnected to the company's production management system or supply network; goods for the self-production of energy from renewable sources intended for self-consumption, excluding biomass; personnel training in skills for digital and energy transition, up to a limit of 10% of the investments made in the other goods and in any case up to a maximum of EUR300,000, provided that the training activities are provided by external entities.

With the establishment of the Transition 5.0 Plafond, Banco BPM is activating a further segment of the ESG Factory for corporate companies and SMEs announced in the 2023-2026 strategic plan, specifically, within the ESG offering: the suite of products and services aimed at financing specific initiatives to support the green transition.

"Transition 5.0 is a much-awaited measure by Italian companies of all sizes said Giuseppe Castagna, CEO of Banco BPM . Investing in support of the digital and green transition, also with the support of the Pnrr European measures, will enable companies, especially smaller ones, to evolve and position themselves adequately in the domestic and especially international competitive scenario."

"Thanks to Transition 5.0 we expect a significant boost to green investments in capital goods during 2024 and 2025 added Castagna . Banco BPM is ready to assist companies with the most appropriate financial tools and to accompany them, together with its partners and the associative and confindustrial world, toward the concrete realization of green instances."

Banco BPM's stock is down 1.3 percent at EUR6.12 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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