Cassa Depositi e Prestiti, a company of the Ministry of the Economy and Finance, has signed the "Poseidon" Principles", the international framework that provides a Framework for integrating climate considerations in financing decisions, promoting decarbonisation of international maritime transport and contribute to the objectives established by the International Maritime Organization to achieve zero greenhouse gas emissions in the transport sector maritime by 2050.

The "Poseidon Principles", to which they already have joined 33 of the world's leading financial institutions, corresponding to approximately 70% of the loan portfolio for exports granted to companies active in the naval sector globally, represent a tool to support the process decision-making within the scope of finance responsible for the sub-fund maritime. The initiative was created with the aim of promoting the monitoring and publication of information on greenhouse gas emissions from the portfolio of ships financed by signatory institutions and establish common rules to achieve IMO climate targets.

CDP, one of the first Italian financial institutions to join the Poseidon Principles, will measure intensity on an annual basis of greenhouse gas emissions from ships in its portfolio of funding and publish, together with other members adherents, the data relating to climate alignment, in order to promoting transparency and a responsible attitude in the sector. CDP will also endeavour to ensure the presence of clauses in the Export Finance contracts that it will sign to encourage the adoption of energy efficiency measures of fleets by market participants in the naval sector.

"Adherence to the Poseidon Principles - said Massimo Di Carlo, Deputy General Manager and Business Director of Cassa Deposits and Loans - is an important piece the commitment envisaged by CDP's 2022-2024 Strategic Plan, through which we set ourselves the goal of being an institution increasingly guided by policies and principles that integrate ex-ante environmental, social and governance sustainability in financing and investment policies. Through this Subscription We hope to contribute even more actively the international climate neutrality objectives of the maritime sector in line with what is also established by our Transport Sector Policy. We will also continue with our Support activities for the Italian supply chain shipbuilding on foreign markets to promote the export of the most advanced technologies to the world produced by Italian companies'.