Esg at the helm, Fondo Italiano d’Investimento will join Rina Spa

The multinational based in Genoa that issues ESG certifications

An important acquisition in the ESG area is on the horizon: the Fondo Italiano d’Investimento will enter the capital of the holding company Rina Spa, the group born of the historian
Italian Naval Register and also specialized in ESG certifications.

Rina Spa, which provides awide range of services in the Energy, Marine, Certification, Real Estate and Infrastructure, Mobility and Industry sectors, in 2022 it recorded revenues of over 700 million euros and aims to reach800 million over the course of 2023, the year the company wants completely neutralize their carbon dioxide emissions.

Currently the Italian Naval Registry, a non-profit organization, is the reference shareholder of the Spa in which it holds 70% of the capital.

The transaction, which is expected to close in autumn 2023, envisages acapital injection of up to 180 million euros. At the end of the transaction, there will be a division of the shares which will see the Italian Naval Registry retain the majority stake, Fondo Italiano d’Investimento and other co-investors acquire a minority stake of up to 33% and the company management have a 2.5% stake in the capital.

To carry out this operation, the Fondo Italiano d’Investimento will use an innovative structure involving various funds and co-investors, with the aim of supporting Italian companies in strategic sectors. The structure of this operation provides for the involvement of Fondo Italiano Consolidamento e Crescita (FICC), Fondo Italiano Consolidamento e Crescita 2 (FICC 2) and, for the first time, a pool of selected co-investors and coordinated by Fondo Italiano.

Fondo Italiano’s entry into the capital of Rina Spa is aimed at supporting growth and innovation in the naval, energy and infrastructure sectors, both in Italy and internationally. Commitment to ESG values demonstrated by the company represented an important aspect for the choice of the Fund.

“Rina is a true Italian excellence, with global dimension, presence and leadership, but also important ambitions for further growth and innovation not only in the naval sector but also in the energy transition and infrastructure sectors. I am therefore extremely satisfied with the partnership we have signed today and of the trust placed in us by the Italian Naval Registry and by the engineer Ugo Salerno with whom we are happy to collaborate in the construction of a further phase of development”, said Davide Bertone, managing director of Fondo Italiano d’Investimento.

The satisfaction of the protagonists

Ugo Salerno, chairman and managing director of Rina Spa, declared enthusiastically: “We have found in Fondo Italiano d’Investimento the most suitable interlocutor to share our growth path and the achievement of the ambitious goals we have all over the world. It is an institutional partner of the highest level, Italian like us, with whom to build a new phase for Rina and who will give us the opportunity to fully implement our strategic plan.Based on ESG principles, it projects us towards increasingly digital services and processes and in favor of the ecological transition: a path that foresees important investments possible also thanks to the commitment of Fondo Italiano d’Investimento”.

The CEO Bertone echoes him: “Today we announce the first closing and, at the same time, the first investment of the second edition of Ficc, our fund, our flagship dedicated to promoting the development of national and global champions in strategic sectors of Made in Italy”.

Rina’s commitment in the ESG area

“Preserving our planet is a priority for national and international institutions”, reads the official website, from which the strategic and not only entrepreneurial importance of the company filters.

Rina Spa is a signatory of the United Nations Global Compact since 2016 and supports the 10 Principles of the United Nations Global Compact concerning human rights, labor standards, the environment and the fight against corruption. The company reports annually to its stakeholders on the progress made in implementing these principles and has been drawing up sustainability reports since 2017. A fundamental aspect because shareholders, and investors in general, increasingly demand information and transparency.

Since January 2023, the company has joined the Science Based Target initiative, a partnership promoted by the UN Global Compact, the World Resource Institute (Wri), CDP (Carbon Disclosure Project) and WWF, with the aim of reducing CO₂ and other greenhouse gases in accordance with climate science.

As stated on the website, Rina Spa’s commitment provides for a significant investment in the ESG area over the next two years, during which both a short-term strategy for reducing emissions and long-term objectives to achieve by 2050 neutrality on all greenhouse gas emissions.

Rina aims to achieve its environmental goals with various tactics:

– Renewable energies: about 79% of the electricity supply comes from renewable sources. The goal is to purchase energy only from renewable sources, where available, by the end of 2023. “In 2022 – reads the website – around 1,600 tonnes of CO2 were avoided globally thanks to the purchase of energy from renewable sources”;

– Thank you smart working and the consequent reduction of commuting, around 758 tons of CO2 were saved in 2021. We are keen to underline that this result takes into account the emissions associated with the domestic workplace;

– Greener vehicles: the company is renewing its corporate fleet with the progressive introduction of hybrid/electric cars;

– Plastic free: in 2019 Rina launched a project to eliminate single-use plastic within the offices. This is why the installation of filtered water fountains, the supply of reusable water bottles to employees and the elimination of plastic bottles from vending machines are envisaged;

Paperless offices: one of Rina’s main objectives is to reduce paper consumption in all its offices around the world;

Carbon Neutral 2023: the company’s commitment is to reduce and offset carbon dioxide emissions in 2023 also through the acquisition of carbon credits;

– Collecting plastic from the oceans: Rina has started one collaboration with Ogyrethe first global platform for ocean waste recovery, by initiating a project that contributes to end sea pollution. The company’s goal is to collect around 1,350 kilos of waste, equivalent to 135,000 bottles.

Not only the environment, the company actively participates in national and international forums dedicated to all-round corporate social responsibility (CSR). Since 2016, these include the Sodalitas Foundation, the Italian partner of Csr Europe, together with Transparency International and the Italian working group Business Integrity Forum, which promote voluntary initiatives against corruption. In 2022, Rina renewed its collaboration with Valore D, the first business association in Italy that is committed to gender balance and an inclusive culture within organizations.