Studi e Ricerche
Titolo |
Autori |
Abstract |
Enrico Maria de Angelis |
S&P Global Ratings assesses Hera's Green Financing Framework as Medium green, indicating activities that represent significant steps towards a low-carbon climate resilient future but will require further improvements to be long-term low-carbon climate resilient solutions. Hera was formed from the merger of 11 multi-utilities in 2002 and is headquartered in Bologna, Italy. |
|
European Green Bond Pre-Issuance Review: Hera European Green Bond Factsheet |
Enrico Maria de Angelis |
S&P Global Ratings assesses Hera's European Green Bond Factsheet as Medium green, indicating activities that represent significant steps towards a low-carbon climate resilient future but will require further improvements to be long-term low-carbon climate resilient solutions. Hera was formed from the merger of 11 multi-utilities in 2002 and is headquartered in Bologna, Italy. |
Maria Ortiz de Mendivil |
We assess Iberdrola's European green bond factsheet as Dark green. Iberdrola S.A. is a fully integrated power utility operating networks in Spain, the U.S., the U.K., and Brazil, which together contributed 43% of EBITDA in 2023. The company has a total installed capacity of 62,883 megawatts (MW), of which 42,187 MW is renewable generation. |
|
European Green Bond Pre-Issuance Review: REN S.A. European Green Bond Factsheet |
Rita Ferreira |
S&P Global Ratings assesses REN S.A.’s European Green Bond Factsheet as Dark green, representing activities that correspond to the long-term vision of a low-carbon climate resilient future. REN S.A. is a Portuguese company whose core business is the transmission of electricity and gas. |
Luis Solís |
S&P Global Ratings assesses Terna's Green Bond Framework as Dark green, indicating activities corresponding to the long-term vision of a low-carbon climate resilient future. Terna is Europe's largest independent energy transmission grid operator, and is based in Rome, Italy. The company owns the national transmission grid, with more than 75,000 kilometers of high-voltage lines throughout Italy. |
|
SPO And EuGB Pre-Issuance Review: Terna's European Green Bond Factsheet |
Luis Solís |
S&P Global Ratings assesses Terna's European Green Bond Factsheet as Dark green, representing activities that correspond to the long-term vision of a low-carbon climate resilient future. Terna is Europe's largest independent energy transmission grid operator, and is based in Rome, Italy. The company owns the National Transmission Grid, with more than 75,000 kilometers of high-voltage lines throughout Italy. |
Maxime Chul, Sofia Singh Digpaul |
S&P Global Ratings assesses A2A Group's sustainable finance framework as aligned with Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1), Green Loan Principles, LMA/LSTA/APLMA, 2023, Sustainability-Linked Bond Principles, ICMA, 2023, Sustainability-Linked Loan Principles, LMA/LSTA/APLMA, 2023, Guidelines for Blue Finance, IFC, 2025 principles. A2A Group is an Italian multi-utility company. |
|
Catherine Baddeley |
S&P Global Ratings assesses Iccrea’s Sustainable Bond Framework as aligned with Social Bond Principles, ICMA, 2023; Green Bond Principles, ICMA, 2021 (with June 2022 Appendix 1); Sustainability Bond Guidelines ICMA, 2021. |
|
Second Party Opinion |
Rafael Heim |
We assess CAP Group’s Sustainability-Linked Financing Framework as aligned with: Sustainability-Linked Bond Principles, ICMA, 2023 and Sustainability-Linked Loan Principles, LMA/LSTA/APLMA, 2023. CAP Group is an Italian water utility group, owned by local authorities and headquartered in Milan, providing integrated water management services—including water supply, wastewater treatment, and network management—primarily across the Metropolitan City of Milan and surrounding provinces |
Le sfide nel processo di integrazione della sostenibilità in azienda |
A cura di CFMT in collaborazione con SosteniAbilita |
Indagine quantitativa sullo stato dell’integrazione della Sostenibilità delle imprese italiane. |
Nature in the Boardroom (La natura nei consigli di amministrazione) |
Romie Goedicke den Hertog, Vincent Wing Shun Tang, Anne-Claire van den Wall Bake-Dijkstra, Florence Arke |
Il report evidenzia la triplice crisi planetaria e la necessità per le istituzioni finanziarie di integrare la natura nei framework di governance. Propone azioni per i Board, considerando trend normativi, rischi finanziari e aspettative sociali e climatiche. |
Turning point: feeding the world sustainably (Punto di svolta: nutrire il mondo in modo sostenibile) |
Dr. Pradeep Philip, Dr. Daniel Terrill, Joshua Appleton-Miles, Randy Jagt, Vanessa Matthijssen, James Cascone |
Nutrire il mondo in modo sostenibile significa che entro il 2070 sarà necessario sfamare quasi 10 miliardi di persone, producendo il 40% in più di calorie e limitando al contempo gli impatti ambientali. Una maggiore produzione sostenibile di cibo riduce di 300 milioni il numero di persone denutrite. |
Jennifer Steinmann |
Nutrire il mondo in modo sostenibile significa che entro il 2070 servirà sfamare 10 miliardi di persone producendo il 40% in più di calorie limitando gli impatti ambientali. Produrre più cibo sostenibile riduce le persone malnutrite di 300 milioni |
|
Lombardini 22, DCS |
Presentato a Milano nel novembre 2024, il documento sancisce la partnership tra Deloitte Climate & Sustainability e Lombardini22 per innovare il Real Estate sostenibile. Focus su transizione green, normative UE e community investment per un futuro inclusivo. |
|
Giancarlo Giudici (Professore Ordinario di Corporate Finance al Politecnico di Milano - School of Management), Jonathan Taglialatela, Tommaso Bocci, Ludovico de Castro (Politecnico di Milano - School of Management), Team di ricerca Banor SIM
|
La ricerca ha analizzato 1.795 fondi comuni equity classificati secondo la regolamentazione SFDR, confrontandone le allocazioni di portafoglio con quelle del benchmark e adottando per la prima volta un approccio quantitativo. Si sono ricercate le potenziali differenze nelle scelte di allocazione settoriale dei fondi sostenibili rispetto ai fondi convenzionali. Ne è emerso che i fondi appartenenti alle categorie articolo 8 e articolo 6 risultano piuttosto sovrapponibili, mentre i fondi articolo 9 sembrano avvicinarsi a logiche di asset allocation tipiche dei fondi tematici. |
|
The ongoing evolution of Sustainable Business:2023 Trends Report |
The SustainAbility Institute by ERM Authors: Andrew Angle, Justin Nelson, Dia Rizakos |
A report exploring the sustainability trends shaping the business agenda in 2023 and beyond |
ERM Authors: Faisal Khan, James Stacey, Sam Sloman, Daniel Holod |
The report explores the evolving relationship between ESG, capital markets, and corporate finance. It argues that CFOs and corporate finance teams will play a critical role in integrating ESG risks and opportunities into corporate strategy and operations. |
|
ERM Authors: Johann Weicht, Katja Görtz, Marina d’Engelbronner, Onur Durmus |
The report addresses the challenges companies face in complying with the requirements of the new EU Taxonomy Regulation. |
|
Eterogeneità dei rating ESG sulle imprese quotate italiane: cosa cambia fra le diverse agenzie? |
Giancarlo Giudici - Dipartimento di Ingegneria Gestionale del Politecnico di Milano |
Dalla ricerca sono emerse la necessità di capire cosa viene realmente misurato dalle agenzie di rating ESG e l’importanza di andare verso una maggiore standardizzazione e trasparenza sullo scoring di sostenibilità. |
Climate changed. Time to act. Italian fashion industry on the path towards a sustainable future |
Carbonsink |
“Climate changed. Time to act” è la prima pubblicazione Carbonsink dedicata all’industria italiana della moda per capire come il settore può contribuire alla sfida posta dai cambiamenti climatici e favorire la transizione net-zero emissions. |
Borsa Italiana S.p.A. non è responsabile per i contenuti elaborati da terzi ed in particolare dai Membri del Sustainable Network e contenuti nella presente pagina web.