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Sustainability increasingly central to the European economy. Cdp's “Eyes on a sustainable future” event

An opportunity to explore the role of National Promotion Institutes in the sustainable transition in Europe - A BVA Doxa survey presented on citizens' relationship with ESG issues

Sustainability increasingly central to the European economy. Cdp's “Eyes on a sustainable future” event

La sustainability it is not only necessary for the future of the planet but is considered a key factor for economic and social growth. This is what emerged from the investigation BVA Doxa conducted in five European countries (Italy, France, Germany, Spain, Poland) and presented today, Monday 4 December, in Milan during the “Eyes on a sustainable future” event, organized by Cassa Depositi e Prestiti (Cdp) in collaboration with Borsa Italiana. An opportunity for discussion on the challenges of sustainability and the role of finance for the ESG transition, between the leaders of the main European National Promotion Institutes. The event was held in conjunction with the United Nations Conference on Climate Change, COP28 in Dubai, and saw the presence of the leaders of the French Caisse des Dépôts (Cdm), the Spanish Instituto de Crédito Oficial (Ico), the German Kreditanstalt für Wiederaufbau (Kfw) and the European Investment Bank (EIB).

The National Promotion Institutes, explains a note, are working to create a common network at European level that can contribute to enhance investments sustainable in a rapidly evolving context, with a constant need for resources and new solutions. Overall, the over 30 European NPBIs (National Promotional Banks and Institutions) have assets of over 2.700 billion euros and play a crucial role in financing investments for Europe's sustainable and inclusive growth.

The BVA Doxa Survey

According to the main data emerging from the BVA Doxa survey conducted in the five countries - which represent 67% of the population and 66% of the EU GDP - Europe has now become aware of ESG issues, knowledge of which is widespread scale, mainly thanks to the attention paid to these issues by television and social media.

There is still a lack of clear understanding of the different environmental, social and governance dimensions, but sustainability is now increasingly seen as one need, also from one point of view economic: the large majority of European citizens are in favor of accepting a medium-long term time horizon in the returns of sustainable investments (over 70% of those interviewed) and welcome a reduction in the cost of loans to companies that have social objectives or environmental. Furthermore, according to 51% of respondents, sustainability will have a positive impact on employment in the near future.

Among the largest concerns il change climatic and the problems connected to it which remain the priorities of action for citizens (over 30%), but the importance of the "social" dimension is starting to emerge, with particular reference to infrastructures, for example schools, hospitals and housing.

The majority of citizens interviewed (57%) think that sustainability challenges can only be addressed through a pact between governments and citizens. And in this context, a key role is entrusted to the National Promotion Institutes in accelerating the growth and sustainable development of the various European countries.

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