Italian HVAC&R manufacturer LU-VE has received a €30 million loan from Italian bank Banco BPM to support the company’s growth plans, with €18m being earmarked to support LU-VE’s Environmental, Social & Governance (ESG) programs.

LU-VE has a long history with natural refrigerants, having manufactured its first CO2 (R744) gas cooler back in 2004. In 2020, LU-VE was also one of the first companies to obtain Eurovent certification for CO2 evaporators.

“Attention to sustainability has been one of LU-VE’s distinctive traits since its foundation,” said Matteo Liberali, CEO of LU-VE. “We continue to work in this direction, on a path of innovation and growth that interprets and respects the new environmental needs.”

“We are delighted that Banco BPM has recognized our commitment to increasingly sustainable objectives, which have been and continue to be fundamental for the Group’s economic growth,” Liberali added.

Banco BPM’s investment is part of a €5 billion cap for Sustainable Investments 2020-2023 that BPM is directing towards companies that favor transition towards a sustainable economy.

“Promoting a new sensitivity to ESG issues is a challenge that Banco BPM has decided to take up by implementing concrete support actions for customers who want to invest in sustainability,” said Luca Manzoni of Banco BPM.

In July 2021, LU-VE was named among the top 150 most sustainable Italian companies by Italian economic newspaper Il Sole 24 Ore and Statista, a German company specializing in business data analysis.

Also in July 2021, LU-VE introduced the third generation of AlfaBlue, a heavy-duty air-cooled CO2 gas cooler for air conditioning and refrigeration applications.

“Attention to sustainability has been one of LU-VE’s distinctive traits since its foundation”

Matteo Liberali, CEO of LU-VE.

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