Intensify dialogue and collaboration between the banking sector and Eni to facilitate the transition of the economy towards more environmentally sustainable models. This is the objective of the memorandum of understanding signed by the President of the Italian Banking Association Antonio Patuelli and by the President of Eni Lucia Calvosa and which will create a joint working table.

The initiative launched by Abi and Eni aims to identify issues of common interest, address issues related to sustainable development and investigate the application of the EU sustainability criteria to financial products, the definition of 'green' investments to promote sustainability, of a widespread sensitivity to these issues and the possibilities of collaboration with the academic world.

The protocol defines numerous areas of action. Abi and Eni agree to:

  • analyze the reference regulatory framework and share the changes to be promoted at national and European level to facilitate the transitions towards a sustainable and lasting economy;
  • evaluate the types of sustainable investments in the light of the European taxonomy of sustainable economic activities and its updates / extensions and the lines of action of the European Investment Bank and other similar bodies;
  • study and promote 'green' financial instruments, potentially at the service of industrial supply chains engaged in the transition processes towards sustainable and accountable models by banks in a manner consistent with the indicators required by European regulation and supervision;
  • encourage an ever greater awareness of the importance of sustainability issues, promoting the implementation of studies, research, conventions, conferences, seminars and training courses;
  • identify forms of collaboration also with universities to set up specific specialist degree courses on the issues of sustainability and sustainable finance;

The parties plan to meet annually to check the progress of the planned initiatives.

The initiative of ABI and Eni is based on the growing awareness that sustainability and so-called “ESG” factors (environmental, social and governance) can have an increasingly significant impact on financial performance. In this sense, the world of finance is called to play a crucial role in the overall process of transition towards an economy that sees emissions into the atmosphere progressively reduced, so as to reduce pollution and at the same time favor the creation of new jobs work and give impetus to the start of sustainable and lasting innovation.

Sustainability: Abi-Eni Protocol

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