CDP announces its adhesion to the Clean Oceans Initiative, a project created for the purpose of protect the oceans from pollution deriving from plastic, safeguarding the biodiversity of the seas.
The initiative was launched by the EIB, KfW (the German "sister" of Cdp) and Agence Française de Développement (AFD) and is strengthened today with the entry of Cassa Depositi e Prestiti and its Spanish counterpart Instituto de Crédito Oficial.
The Clean Oceans initiative aims to finance projects worth 2023 billion euros by 2 and implement initiatives that make it possible to manage solid waste, wastewater and rainwater, reducing the discharge of plastics and other polluting materials into the sea. From a geographical point of view, the focus will be on developing countries and emerging markets in Asia, Africa, and Latin America.
“The projects admitted to the Clean Oceans Initiative are selected on the basis of a due diligence which verifies compliance with sustainability criteria with particular emphasis on containment of the spread of plastic materials in the seas”, explains Cdp in a note.
“Cdp's adhesion to the Clean Oceans Initiative reaffirms the crucial role of national promotional institutes and development banks in promoting the protection of our planet's biodiversity and creating a more resilient economic system. Sustainability is at the heart of Cassa Depositi e Prestiti's business model, with a commitment which, with this initiative, is further strengthened to create innovative solutions capable of reducing sea pollution, in line with the Development Goals of the UN Agenda 2030,” he said Fabrizio Palermo, number one of CDP.
