CDP as responsible issuer Since 2017 CDP is active on the debt capital market also as an ESG issuer, within the DIP Programme. This has enabled CDP to reach a wider audience of investors, including Socially Responsible Investors (SRIs), who are particularly interested in investments which are able to deliver added social and environmental value. In line with its role as National Promotional Institution, and with its strategic approach to sustainability aimed to contribute to the achievement of the 17 United Nations Sustainable Development Goals, CDP recognises the importance of its role in supporting sustainability and continues to operate by strengthening its commitment to sustainable finance tools, in line with social, environmental and governance standards.
Green, Social and Sustainability Bond Framework In order to define the scope and way of intervention in the ESG Bonds market, CDP has developed the “CDP Green, Social and Sustainability Bond Framework” (the “CDP Framework”), designed in accordance with the most recent Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines, published by the International Capital Market Association (ICMA). In line with international best practices, CDP appointed a Second Party Opinion provider (ISS ESG) to verify the sustainability credentials of the framework and assess its alignment with the ICMA Principles.
Types of ESG Bonds As specified the second on “Use of Proceeds” in its Framework, CDP can issue the following three types of bonds: Social Bond: to finance or refinance, in whole or in part, new or existing social initiatives Green Bond: to finance or refinance, in whole or in part, new or existing green initiatives Sustainability Bond: to finance or refinance, in whole or in part, new or existing social and green initiatives
Infrastructures and Development of Cities Promoting urban transformations, infrastructures development and general-interest projects
SMEs and Corporates Financing Fostering employment and economic growth, especially in areas and populations affected by natural and/or health disasters or economically underperforming areas
Social Housing Financing investments that increase access to social housing aiming to support people living without adequate housing
Green Energy and Environmental Sustainability Support of energy transiton and the promotion of environmental sustainability