Important result for Cassa Depositi e Prestiti (Cdp) which positioned itself at first place in the world in the rankingESG Risk Rating"of Morningstar Sustainalytics in the “Banks” (out of 1.036 companies) and “Development Banks” (out of 101 companies) sectors. Moreover, it turned out third among all companies rated by Sustainalytics across all sectors (out of 15.860 companies).
This recognition recognizes the Group's performance by Morningstar Sustainalytics, a leading ESG assessment, research and analysis company, which provides support to global investors in developing and implementing sustainable investment strategies.
CDP enters the ESG “Negligible” category
Following the evaluation process until 2023, Cdp received from Sustainalytics a "ESG Risk Rating” of 4,4, improving by almost 10 points compared to the previous 13,8 assigned in October 2022. This positions the Group in the ESG risk category “Negligible”, the best on the agency's rating scale.
The result was driven by solid ESG risk management at a corporate governance level, which led Cdp to be classified as a market "Leader" with a rating close to zero. Furthermore, theintegration of the sustainability strategy company in its core business was highlighted by the numerous ESG policies adopted, by CDP's leading role in sustainable finance and by the use of ESG criteria to evaluate and monitor its financing and investment activities.
Also awarded for the development of human capital
Sustainalytics also recognized the initiatives adopted by Cdp for promote the development of human capital, including increasing the number of women in management positions, and sound management of corporate ethical issues, with rigorous anti-money laundering and anti-corruption policies. The improvement in rating was also attributed to the greater corporate transparency, demonstrating a high degree of responsibility towards stakeholders.
Sustainalytics' opinion demonstrates Cdp's growing commitment to sustainability and the effectiveness of the actions undertaken to generate positive economic, social and environmental impacts, in line with international best practices of financial institutions.
