Cassa Depositi e Prestiti CEO Dario
Scannapieco told the closing session of the Finance in Common
Summit 2021 that "we must invest in an inclusive and cohesive
society, aiming for a stronger, fairer and more sustainable
economy."
He said "huge financial resources will be needed and the public
development banks, with their mission at the service of the
public interest, can be strategic allies in directing public and
private investment towards sustainability in an innovative way".
Scannapieco underscored that public development banks can boost
their effect on the financial system, directing it towards more
socially responsible investments.
In order to do this, he said, it is therefore fundamental to
strengthen the Finance in Common coalition by creating positive
externalities via the coordination of the 527 national, regional
and multilateral public development banks present in over 150
countries, with 18.7 trillion dollars of assets, which represent
10% of global investments all told.
Cassa Depositi e Prestiti, in particular, "wants to continue to
participate in this concerted effort, applying the criteria of
climatic and social sustainability in its projects".
Scannapieco recalled, indeed, that since its foundation in 1850,
CDP has funded infrastructure and social projects, contributing
to the development of Italy. And in 2017, in order to promote
socially responsible investments, it also started to issue bonds
with an ESG rating on the capital markets, swiftly becoming one
of the main issuers of green and social bonds in Europe.
"We intend to continue along this path," he assured his
listeners, "by boosting coordination with the FiCS Coalition,
hoping to achieve concrete thematic initiatives together".
Cassa Depositi e Prestiti,, the CEO concluded, "shares a common
vision and the time has come for incisive action to benefit
future generations and ensure the achievement of the Paris
Accord and the SDGs, especially in the sectors and regions in
which there is the greatest need".
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