At the end of its 170th anniversary celebrations, Cassa Depositi e Prestiti’s membership of the network was celebrated with the CDP tricolour logo projected onto the Nasdaq Tower in Times Square.
The daily activities of Cassa Depositi e Prestiti are based on a strategic approach founded on the principles of Sustainable Development. This commitment has led to CDP becoming the first Italian financial institution to join the Nasdaq Sustainable Bond Network, the platform managed by Nasdaq dedicated to sustainable finance that brings together investors, issuers, investment banks and specialist organisations.
Joining the network will allow Cassa Depositi e Prestiti to further expand its audience of potential investors at an international level, with a particular focus on Socially Responsible Investors looking for forms of investment, that in addition to financial returns, are also capable of generating social and environmental added value.
The initiative confirms CDP’s role as Italy’s leader in sustainable finance. It has been present on the ESG bond market since 2017, with social and sustainable bonds dedicated to generating tangible positive impacts for the country. Indeed, between 2017 and 2020, CDP issued 6 sustainable bonds for a total value of over € 4 billion, becoming one of the leading social bond issuers on the European market.
“The Italian flag lights up the Nasdaq Tower in New York” wrote CDP CEO Fabrizio Palermo in a post on his Linkedin profile. This confirms “the important role our institution has played over the last three years, also on international markets. At the same time, it is validation of the strategy adopted under the 2019-2021 Business Plan, a plan based on sustainability principles, which translate into a positive impact for companies and the country as a whole”.