They are sixteen companies have joined the Corporate Forum for Sustainable Finance with the intention of creating a network of information and financial proposals useful for the management of green emissions, linked to projects that have a positive impact on the environment, such as energy efficiency, the production of energy from clean sources, the sustainable use of land. The theme of sustainability is increasingly dear to European companies.
The Forum for Sustainable Development is made up of those companies that have issued green bonds and who are at the forefront of supporting and developing sustainable finance as a tool to combat climate change and promote a more sustainable and responsible society. The founding companies are active in various production sectors such as electricity services, infrastructure, transport and environmental services: for Italy they have joined Terna, Enel and State Railways, while the European companies include Edf, TraEdp, Engie, Iberdrola, Ratp, Sncf, SSE, Tennet, Tideway, Vasakronan.
The companies that join the Forum have issued more than two-thirds of the bonds at European level, and consider the sustainable finance instruments the most efficient method for allocating economic resources where they are needed. In particular, low-carbon and sustainable investments are considered fundamental for the industrial strategies of companies.
Just Enel, through its subsidiary Enel Finance, concluded last Monday a new green bond issue from one billion and it is the third that Francesco Starace's company has completed in three years.
The Forum aims to extend the commitments made in 2017 following the publication of the Paris Green Bond Pledge on the occasion of Climate Finance Day, when nine of the largest European green bond issuers – EDF, Enel, ENGIE, Iberdrola, Icade, Paprec, SNCF Réseau, SSE and TenneT – have publicly announced their promise to further develop one of the most dynamic segments of sustainable finance: the green bond market.
The group of sixteen European companies wants fully integrate the concept of sustainability into the financial strategies of companies who are part of it, work with investors to stimulate the development of a more sustainable economy through innovative financing instruments. “Sustainable funding – underlined the CEO of Ferrovie dello Stato, Gianfranco Battisti – will therefore make it possible to improve regional and metropolitan rail transport, convincing more and more people to choose the train for work, study or tourism trips. Vehicle considered, par excellence, the most ecological”.
