Scannapieco chairs ELTI meeting in Helsinki: ESG financing rises to 125 billion

Scannapieco chairs ELTI meeting in Helsinki: ESG financing rises to 125 billion

The Association of European CDPs expands to 33 members with the addition of Romania and Denmark

The 12th ELTI General Assembly, the association of European National Promotion Institutions, meets for the second time under the chairmanship of Dario Scannapieco, CEO of the Cassa Depositi e Prestiti (CDP) Group, and confirms the commitment of the network set up in 2013 to foster growth on the Continent by promoting the demands of long-term investors.

As noted in the pages of the recent report on competitiveness presented by Mario Draghi, National Promotion Institutions will play an increasingly central role in promoting sustainable development in Europe. In this scenario, ELTI (European Long-Term Investors Association) has proven to be much more than just a network that brings together the various European CDPs. Indeed, in the first year of Scannapieco's presidency, elected in July 2023, it has seen its members' funding for green and social projects grow to over 125 billion euros, up from 100 billion in 2022. This is a strong signal of the direction taken by the association, which is increasingly contributing to the goals of the European Union, combining ecological transition and economic development.

For the future, “we have established a precise roadmap”, said ELTI Chairman Dario Scannapieco. "We will continue to intensify the coordination between the various national promotional institutes in order to take bold investment decisions in strategic sectors and increase the co-investment opportunities in start-ups, scale-ups and high-tech companies. ELTI will stand alongside the European institutions for an increasingly competitive Europe, thanks to the contribution of its members who have in-depth knowledge of the markets of their countries and at the same time support the long-term growth of our Continent”.

Among the milestones already achieved by the association, thanks also to a fruitful dialogue with EU institutions, is the extension of the deadline for the implementation of InvestEU programme operations under the Next Generation EU budget, one of the main initiatives to support investment in the Continent. Added to this is the expansion of the association itself, which at the General Assembly in Helsinki saw the entry of new institutions: the Danish EIFO and the Romanian BID.

This is a growing process that aims to strengthen ELTI's influence throughout Europe while extending its ability to mobilise resources and investment in crucial areas. With its current 33 members, not to mention the European Investment Bank (EIB) and the European Investment Fund (EIF) which participate as permanent observers, today ELTI is a network managing assets worth almost 2.8 trillion euros, a potential that gives it a crucial role in the Continent’s future.