Traveling with the Bank of Italy he arrives in Venice
The Bank of Italy presented its internal system for assessing the creditworthiness of businesses today at its Venice headquarters. It provides a rating useful for assessing the suitability of the loans that banks present as collateral for central bank financing. The eligible loans evaluated by the system are worth around 50 billion euros and concern 53 Italian banks. Pier Luigi Ruggiero, Head of Office, illustrated the organization of the Bank of Italy’s rating system, which since 2022 has made use of the collaboration of seven divisions of business analysts set up at the Bank’s branches. As was explained by Antonio Scalia, head of the Financial Risk Management Service, the rating system is now being extended to integrate climate risks and risks linked to corporate sustainability. In the coming years, reporting on these aspects will be mandatory for large and listed companies under the European Corporate Sustainability Reporting Directive (CSRD). Medium and small businesses, which are particularly widespread in our country, remain outside the scope of the CSRD.
It was noted that these companies will have better economic opportunities and access to credit if they develop their own climate risk assessment methods and an energy transition plan, providing public disclosure in the spirit of CSRD. The testimony of Tomaso Carraro, Vice President of the mechanical multinational of the same name and Chief CSR Officer, confirmed his group’s great commitment to sustainability issues and the important progress achieved in recent years. Massimo Slaviero, CEO of Unifarco, brought the experience of a rapidly developing company in the sector of cosmetic, dermatological and nutraceutical products. Inspired by the nature of the territory of origin, he described the reduction of carbon emissions achieved through the revision of production processes, which has led, among other things, to the diffusion of recycled materials. The Venice stage of the Journey with the Bank of Italy continues tomorrow with the appointment on “Sustainability, green transition and territories” at the Goldoni theater at 3.00 pm.
Source-www.adnkronos.com