translated by Lara Gastaldi
Cassa Depositi e Prestiti is the first Italian financial institution to join the Sustainable Bond Network. To celebrate the event, the company's logo was projected onto Nasdaq Tower's screens in Times Square.
"Nasdaq welcomes Cassa Depositi e Prestiti, the first Italian institution to join the Sustainable Bond Network". This is the message - clearly written on the Italian logo - that was projected onto the screens of the Nasdaq Tower in Times Square (New York) to celebrate the join of Cassa Depositi e Prestiti to the network.
Sustainable investors for Cassa Depositi e Prestiti
Cassa Depositi e Prestiti takes a record: it is the first Italian financial institution to join the Nasdaq Sustainable Bond Network - which is managed by Nasdaq for the sustainable finance - that brings together investors, issuers, investment banks and specialist organizations. Joining such network will allow Cassa Depositi e Prestiti to expand the audience of potential investors internationally, focusing on sustainable investors - the so-called "Socially Responsible Investors".
The update comes at the end of the 170th anniversary of Cassa Depositi e Prestiti celebrations. "The Nasdaq Tower has been dyed with the Italian flag colours", said CEO Fabrizio Palermo, commenting on the event. "At the end of the 170th-anniversary celebration, the Cassa Depositi e Presiti logo was screened in Times Square to welcome its entry into the Nasdaq Sustainable Bond Network. Cassa Depositi e Prestiti will be the first Italian broadcaster to join such an international network, confirming the leading role that the institution has assumed over the last three years, also on international markets".
What is the Nasdaq Sustainable Bond Network?
The Nasdaq Sustainable Bond Network (NSBN) is the first platform which helps to negotiate the sale of the environment- and social- friendly bonds. This is an online place which provides green investors around the world with key data on their securities. The platform offers regulated financial information and an overview of impacts about the Sustainable Development Goals of issuing companies. What is the goal? To allow financial institutions "to show their sustainable activities and, above all, increase their transparency".
Cassa Depositi e Prestiti: data, intentions and objectives
Since 2017, Cassa Depositi e Prestiti has been active with the sustainable bond market with Social and Sustainable Bonds, with the initial purpose of generating a tangible impact on the territory. These bonds are interesting in the eyes of those investors who are attentive to forms of investment that create a value socially and environmentally. There are, basically, two reasons why Cassa Depositi e Prestiti joined the Nasdaq Sustainable Bond Network:
- the desire to further expand the pool of investors interested in sustainability;
- the decision to determine its strategic approach following the principles of Sustainable Development, to contribute with daily activities to the achievement of the 17 Objectives of the United Nations 2030 Agenda.
According to Fabrizio Palermo, the strategy - adopted by Cassa Depositi e Prestiti with the 2019-2021 Business Plan - is a great opportunity for many: "a Plan based on sustainability principles that translate into a positive impact for companies and the territory".