Strategic Plan 2022-2024: CDP for the future of Italy | CDP

2022-2024 strategic plan: CDP for the Italy of the future

Climate change, inclusive and sustainable growth, innovation and digitalisation, support for value chains: our 2022-2024 Strategic Plan intends to respond to the great challenges that Italy has ahead of it, making a concrete contribution to the relaunch of the country.
 

The Strategic Plan for the three-year 2022-2024 period, approved by the Board of Directors on 25 November 2021, looks to the future with a great sense of responsibility and clearly defines our objectives: to play a decisive role in the growth and sustainable development of Italy, make up for the country’s delays and achieve a significant economic, social and environmental impact, staying alongside local areas and enterprises.

Over the three years of the Plan, CDP will mobilise resources of 65 billion euros (+5% compared to the previous three years), attracting a further 63 billion from third parties (+27%), for a total of 128 billion euros of resources directed towards the country.

Our actions and investments will be increasingly guided by selection criteria, with great attention to ESG (Environmental, Social, Governance) principles.

Numbers

65bn €

CDP resources committed over the three-year period of which €21 bn Infrastructure and Public Sector and €34 bn Enterprises and Internationalisation

128bn €

Investments undertaken in total, also mobilising third-party resources

 

 

Responding to the great challenges for the country

Our starting point was to analyse the great challenges that Italy has to face:

  • Climate change and protecting the ecosystem: this includes the development of renewable energy sources, waste treatment and water infrastructure.
  • Inclusive and sustainable growth: from the necessary strengthening of healthcare facilities to the development of social housing, urban regeneration initiatives and gender equality.
  • Digitalisation and innovation: from investments by SMEs to expanding broadband for families and strengthening national IT security.
  • Rethinking value chains: from dependence on foreign countries to the high costs of logistics and to the high share of road freight. 

These challenges have resulted in 10 areas of intervention aligned with the UN 2030 Agenda Sustainable Development Goals (SDGs) and the missions of the National Recovery and Resilience Plan (NRRP), to better focus CDP’s activity and not spread it over too many fronts:

  1. Energy transition
  2. Circular economy
  3. Safeguarding territory
  4. Social infrastructure
  5. Capital market
  6. Digitalisation
  7. Technological innovation
  8. Support for strategic supply chains
  9. International cooperation
  10. Transport/logistics nodes
     

Transforming our approach through three strategic pillars

We intend to act with a complementary approach to the market, aiming to achieve positive, concrete and tangible effects for enterprises, the public sector and families, to make CDP a reference standard, both for the quality of the projects promoted and for the approach with attention to ESG principles.

For this reason, the 2022-2024 Plan is based on three main pillars, which have a cross-functional impact on CDP’s activity.

  1. Strategic and sectoral analysis: we will adopt specific financing and investment policies, in line with international best practice. These policies will allow us to direct our decisions upstream and to measure the impact of our intervention in social, economic and environmental terms downstream. We will be more selective in our approach, paying particular attention to positive investments that meet precise criteria of environmental, social and governance sustainability.  
  2. Advice and operations for national and European public funds: we intend to strengthen our technical skills to better help the public sector, with the aim of directing investments towards quality projects.
  3. Role of Promotion and Development Institution: we aim to offer enterprises and the public sector financial instruments that can cover every need of a company or a project, with action aimed firmly at international cooperation and finance for development.
     

Changing the logic of interventions and operations for equity investments 

The Strategic Plan provides for a strengthening of activity to support infrastructure, the public sector and enterprises.

We will strengthen our technical evaluation capacity for the planning and implementation of investments with greater impact, also with tailor-made interventions for complex projects of central government, the regions and metropolitan cities.

We will also strengthen our ability to engage other investors in loan and investment transactions.

We will support enterprises in internationalisation, ensuring direct engagement through our resources and developing alternative tools to bank loans.
Financial instruments, technical evaluation, advisory and blending will also help to strengthen CDP’s role in the field of international cooperation, in partnership with multilateral development banks.

With regard to operations for equity investments, the Plan provides for:

  • Maintaining a stable shareholder role in equity investments considered strategic, in order to oversee infrastructure or assets relevant to the country.
  • Carrying out interventions aimed at the growth or stabilisation of enterprises in key sectors, with a view to exiting once the goal has been achieved, with a logic of rotation and optimisation of share capital and exploiting the ability to attract resources from other investors.

We also intend to be increasingly active in the fields of Private Equity and Venture Capital, investing in particular in SMEs of strategic supply chains and startups.

Our commitment in the real estate sector remains important, in support of social cohesion and tourism and with the aim of achieving a strong impact on the territory. In collaboration with the Foundations of banking origin, we will focus increasingly on Social, Senior and Student Housing and on urban regeneration projects, in particular in Southern Italy.