Cassa Deposti e Prestiti approved the 2022-2024 Strategic Plan, with committed resources equal to 65 billion euros (+ 5% on the previous period), attracting 63 billion from third parties (+ 27%) and activating overall investments for 128 billion ( + 14%). A growth that will be constant over the course of the Plan and that aims to generate a strong economic and social impact, with positive effects for businesses, public administration and families. Four, for Cdp, are the great challenges to be faced in order to concretely contribute to the relaunch of the Italian economy in the next three years: climate change and ecosystem protection, inclusive and sustainable growth, rethinking of production chains, digitization and innovation.Other objectives and instruments of the Plan approved today by the Board of Directors of the company chaired by Giovanni Gorno Tempini, are to aim at sustainable economic growth; fill the country's delays and identify priorities for action; being close to territories and businesses; adopt sectoral policies for loans based on selectivity and compliance with ESG criteria; promoting gender inclusion and equality; strengthen internal technical skills to attract new talents and become a center of excellence at the service of Italy's progress and competitiveness.adopt sectoral policies for loans based on selectivity and compliance with ESG criteria; promoting gender inclusion and equality; strengthen internal technical skills to attract new talents and become a center of excellence at the service of Italy's progress and competitiveness.adopt sectoral policies for loans based on selectivity and compliance with ESG criteria; promoting gender inclusion and equality; strengthen internal technical skills to attract new talents and become a center of excellence at the service of Italy's progress and competitiveness.
In detail, the operational strategy is based on three major transformative pillars, which, underlines Cdp, will have a transversal impact on the activities of Cassa Depositi e Prestiti. The first is based on strategic and sectoral analysis, also centered on identifying delays to be bridged and on international best practices for the adoption of specific financing and investment policies. These policies will be an ex-ante guide to decisions and will allow the ex-post measurement of the impact, in social, economic and environmental terms, thanks to the introduction of a new operating model. The entire operation will therefore be based on selectivity criteria for the transactions examined. Because of this,Cdp will aim at strengthening analysis skills and creating specialized competence centers for thematic areas, also thanks to the attraction of new talents: Urban development and regeneration, Natural resources, energy and environment, Transport, Social infrastructures, Innovation and digitization.
The second pillar is the decisive strengthening of advisory and management of public, national and European funds, especially for the benefit of the public administration, and with the aim of directing investments towards quality projects. The third pillar is linked to the role of Cdp as a Promotion and Development Institute, through the offer of financial instruments available to companies and public administrations, in order to cover every need in the life cycle of a company or project, with strong action aimed at international cooperation and development finance. The action of Cdp must be additional and complementary to the other forms of financing available, inclusive and not divisive towards the market. Cdp will also increase its support action for infrastructures, the public administration and businesses "through a policy capable of stimulating virtuous investments, in line with the ESG sustainability criteria ". Cdp will also strengthen its technical assessment capacity and strengthen the blending mechanisms between its own resources and third party resources. Furthermore, it will support companies in internationalization, guaranteeing a direct commitment through own resources and developing non-bank lending tools. Financial instruments, technical evaluation, advisory and blending will also be functional to strengthening the role of CDP in the international cooperation sector, in partnership with multilateral development banks . In terms of instruments, as regards the equity portfolio, which has grown significantly in recent years,with the 2022-2024 Plan, a new logic for managing equity investments and interventions will be adopted. On the one hand, those considered strategic, where Cdp will maintain a role of stable shareholder overseeing infrastructures or assets relevant to the country; on the other, interventions of purpose, where the commitment is aimed at the growth or stabilization of companies in key sectors, but with logic of exit and rotation of capital. In this context, as well as in Private equity and Venture capital, where a growing commitment by the Cdp Group is expected, operations will have to be based on the crowding-in principle, that is, on the ability to attract resources from other investors. Finally, as regards the real estate sector, in addition to continuing its commitment in the tourism sector, Cdp will focus on Social, Senior and Student housing,with the aim of achieving a strong impact on the territory thanks to the partnership with the foundations of banking origin, with which the collaboration may also concern urban regeneration projects, with particular attention to Southern Italy. Overall, the management of the real estate portfolio will be based on valuation or direct sale criteria, with principles of transparency and value maximization.
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