A significant milestone has been achieved for Cassa Depositi e Prestiti, which gets an important recognition for its performance on the ESG (Environmental, Social, Governance) front.
In the Morningstar Sustainalytics' "ESG Risk Rating", CDP ranked first globally across the sector benchmark "Banks" (out of 1,036 companies assessed) as well as across the sector benchmark "Development Banks" (out of 101 companies assessed). CDP ranked third among all companies assessed by Sustainalytics when benchmarked across all sectors (out of 15,860 companies assessed).
Morningstar Sustainalytics is one of the leading market players in ESG assessment, research and analysis, supporting investors worldwide in developing and implementing sustainable growth strategies.
The result was driven by several factors, including robust ESG risk management at the corporate governance level and the strong integration of the corporate sustainability strategy within the core business activities, evidenced by, among other things, the numerous ESG policies adopted, CDP's leading role in sustainable finance, and the adoption of ESG criteria for evaluating and monitoring its financing and investment activities.
The positive 'score' is a confirmation of the soundness of CDP's performance, which has already been recognised by Moody's Analytics agency, when, in December 2023, it raised the ESG ratings assigned to Cassa Depositi e Prestiti by three points for the second year in a row.