Largest Green Sovereign Bond of 2022

Awarded to: 
The Republic of Italy

Since signing the Paris Agreement and in line with the provisions of the Budget Law no.160 of December 27th 2019, the Republic of Italy has been at the forefront of international developments in sustainable finance and the implementation of Article 2.1c of the Paris Agreement, committing itself to make finance flows commensurate with a pathway towards low greenhouse gas emissions and climate-resilient development.
Italy's sovereign green bond proceeds are intended to contribute to the achievement of one or more of the 6 environmental objectives of the EU Taxonomy and to support the 2030 Sustainable Development Goals (SDGs) stated in the Green Bond Framework and are earmarked for expenses in Renewable Energy, Transport, Low-Carbon Buildings, Water, Waste and Land Use.

"We are honored to receive the award again this year, which testifies to Italy's ability to support, through debt management, innovation in the sustainable finance market and, at the same time, investments connected to the ecological transition, including the energy efficiency. The BTP Green has now permanently entered our offer, both through syndicated placements and through normal auctions, and for 2023 the goal is to increase the amount of placements made in 2022."

- Davide Iacovoni, Director General of Public Debt