By helping to achieve the goals of the National Recovery and Resilience Plan and the UN’s 2030 Agenda for Sustainable Development, CDP is playing a key role in Italy’s development.
Find out more the new 2025-2027 Strategic Plan.
In 2023, the Board of Directors approved the first target to reduce the portfolio’s carbon footprint, which envisages a 30% decrease by 2030 compared to 2022 in the emission intensity (tCO2 e/Mln€) of loans for enterprises, infrastructure and international cooperation. The calculation of financed greenhouse gas emissions is based on the most widely shared standard in the international financial community, i.e. the methodology developed by the Partnership for Carbon Accounting Financials (PCAF).
In relation to this target, a reduction of approximately 7% in overall emission intensity was recorded in 2023 compared to 2022.
The ESG Plan sets out our goals, which are geared towards reaching the sustainable development targets established by the United Nations, which CDP is committed to achieving over the three-year period 2022-2024.
8 Goals related to CDP SpA and the companies it directly controls and over which it exercises management and coordination, excluding Simest SpA. 2019 baseline. Total emissions refer to Scope 1, Scope 2 (market-based methodology) and Scope 3 emissions; the latter refer to business travel. 9 Goals related to CDP SpA and the companies it directly controls and over which it exercises management and coordination, excluding Simest SpA. 2019 baseline. 10 Goal of reducing emission intensity, relating to the portfolio of direct loans of the Enterprise Loans, Infrastructure and International Cooperation and Development Finance Loans business units - solely for the component of loans to private companies. Activities relating to the Public Administration and Equity are not included in the perimeter. 2022 baseline. 11 Expenditure items do not include tax, legal and strategic advice.
For more information and details on CDP's commitment, visit the dedicated section in the Integrated Report.
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