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The Italian CDP joins the Nasdaq Sustainable Bond Network
The Italian CDP joins the Nasdaq Sustainable Bond Network
World News

The Italian CDP joins the Nasdaq Sustainable Bond Network

By Marco Cavicchioli - 19 Nov 2020

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Cassa Depositi e Prestiti (CDP) is the first Italian institution to join the Nasdaq Sustainable Bond Network. 

CDP is an Italian financial institution operating as a joint-stock company, 83% controlled by the Ministry of Economy and Finance (MEF) and 16% by banking foundations. 

It operates essentially as a state bank but also has shareholdings in the venture capital of various national companies. 

Yesterday it announced that it has joined the platform managed by Nasdaq, and dedicated to sustainable finance, called Nasdaq Sustainable Bond Network

This platform brings together investors, issuers, investment banks and specialist organizations, and the membership will enable CDP to broaden the range of potential investors internationally, with a particular focus on Socially Responsible Investors.

The choice is part of CDP’s new strategic approach based on the principles of sustainable development, with the aim of contributing to the achievement of the 17 Objectives of the United Nations Agenda 2030.

In fact, the Nasdaq Sustainable Bond Network provides financial information and data on impacts, with reference to the Sustainable Development Objectives of the issuing companies.

The Nasdaq Tower welcomes the CDP

To celebrate the network’s membership, the company’s tricolour logo was projected onto the screens of the Nasdaq Tower in Times Square, New York.

CDP

The CDP has been present on the sustainable bonds market since 2017, with Social and Sustainable Bonds dedicated to generating tangible impacts for the country.

To date, it has made 6 such issuances for a total value of over €4 billion. 

The CEO of the CDP, Fabrizio Palermo, said: 

“The Nasdaq Tower has been painted with Italian colours. At the end of the 170th-anniversary celebrations, the CDP logo was projected in Times Square to welcome it into the Nasdaq Sustainable Bond Network. The CDP will be the first Italian broadcaster to join the international network, confirming the important role that the institution has assumed over the last three years, also on international markets. This demonstrates the validity of the strategy adopted with the 2019-2021 Industrial Plan, a Plan based on sustainability principles, which translates into a positive impact for companies and the territory”.

Marco Cavicchioli
Marco Cavicchioli

Class 1975, Marco teaches web-technologies and is an online writer specializing in cryptocurrencies. He founded ilBitcoin.news, and his YouTube channel has more than 25 thousand subscribers.

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