During the 2023, Cassa Depositi e Prestiti recorded a significant growth in the percentage of resources overall allocate to the four challenges outlined in its Strategic Plan, consistent with the sustainable development objectives of the UN Agenda 2030, reaching a total of 20,1 billion euros busy. This increase brought the allocation of resources to these initiatives to 83%, compared to 68% in 2022.
This result emerges as one of the salient points in the fourth integrated financial statement of Cassa Depositi and loans, a detailed report illustrating the main impacts deriving from the group's activity on territories, businesses and infrastructures, published on the occasion of theEarth Day, World Earth Day.
In collaboration with over 12.200 companies and 1.660 public bodies, Cdp has contributed to generating around 26 billion of GDP (equal to 1,4%), activated over 50 billion in production and created or maintained around 360 thousand jobs. Furthermore, the Bank has made significant progress towards the objectives of the ESG Plan, including the implementation of at least 10 ESG policies, surpassing this milestone a year early. At the same time, the carbon footprint of the financial portfolio decreased by 7% compared to 2022, in line with the objectives established by the Board of Directors in June 2023.
Conformemente al EU regulation 2020/852, which introduced the taxonomy of eco-compatible economic activities, the group published its first Green Asset Ratio (“Gar”), highlighting an alignment of 6,3% of the group's portfolio with the climate and environmental objectives of the European Taxonomy in terms of capital expenditure, and 3,5% in terms of turnover.
Cdp's main investments
Resources were allocated based on the four challenges identified in the 2022-2024 Strategic Plan:
- Inclusive and sustainable growth: 2,4 billion euros have been allocated to improving social infrastructure, including support for the construction, modernization or adaptation of school and healthcare facilities, as well as territorial redevelopment projects and the construction of social housing. Significant results include the creation of 276 highly energy efficient homes and the urban regeneration project of the former Olympic Village in Turin for the creation of residences for students and temporary workers.
- Change climatic and ecosystem protection: a further 2,4 billion euros were used to support the energy transition, the protection of the territory and the circular economy, with environmental protection interventions, financing for multi-utilities and municipal projects for the management of water services and waste. An example is the 50 million euro loan granted to Be Charge for the creation of a high-speed charging network for electric mobility.
- Digitalization and innovation: approximately 2,4 billion euros have been invested in accompanying the Public Administration in digital transformation and in supporting high-tech companies, promoting the development of connectivity infrastructures and strengthening digital security. An example is the 60 million euro loan granted to Stevanato Group for new investments in technological innovation.
- Rethinking value chains: the group has allocated the majority of resources, equal to 9,4 billion euros, to support strategic supply chains, transport and logistics hubs, and international development cooperation. This included the redevelopment of the road network, ports and airports, with significant funding such as that of 375 million euros for the modernization of the Alto Adriatico motorway network.
Guido Romano (CDP): “Towards a sustainable future with the ESG model”
Guido Romano, head of monitoring and impact analysis at CDP, shared the company's vision during the Impatta conference last Saturday, underlining the adaptation of their operating model to new trends in ESG finance. “The model is based on 10 fields of intervention in which we can generate more well-being for the community and on a series of indicators that allow us to promptly monitor and measure the economic, social and environmental impacts”. ”. Finally, Romano highlighted the importance attributed to measuring additionality and the expected impact, using specific indicators. Looking to the future, Romano concluded, "we work with startups and with big data to have the data that allows us to carry out an increasingly refined impact assessment".
