Cassa Depositi e Prestiti

Since 1850, Cassa Depositi e Prestiti has supported Italy’s economic and social development. Established to collect savings deposits and finance national infrastructure, throughout its 175 years of service to the country CDP has accompanied the various phases of growth, transforming postal savings into investments across the territory and adapting its instruments and operating models to the needs of an ever-evolving context.

Today, we operate as an institutional development partner in a way that is additional and complementary to the market. Beyond supporting investments by local authorities and infrastructure projects, we support companies in their growth and innovation initiatives, both in Italy and abroad, while contributing to the strengthening of supply chains, venture capital, and private equity. We promote new housing solutions - dedicated to families, students, workers, and over-65s - as well as urban regeneration projects. Since 2003, CDP has operated as a joint stock company, owned 82.77% by the Italian Ministry of Economy and Finance and 17.23% by banking foundations, which have recently increased their shareholding. This public-private nature allows the Group to operate according to market principles, with a patient, long-term approach.

As a National Promotional Institution, CDP plays a key role in supporting public policies by providing technical and financial advisory services for the effective use of European resources, beginning with the National Recovery and Resilience Plan (NRRP), while helping mobilise public and private capital. In its role as Italy’s Financial Institution for Development Cooperation, we finance high-impact initiatives in strategic sectors and promote projects dedicated to com bating climate change, fostering financial inclusion, and supporting women’s entrepreneurship in emerging markets. The business model is based on raising resources through postal savings and bond issuances, with an increasingly sustainable orientation, aimed at financing projects for companies, public administrations, infrastructure, and international cooperation, as well as investments in the real estate and equity sectors. This takes place through a broad range of instruments: loans, guarantees, advisory services, fund management, and equity capital. Our activities are aimed at promoting financing and investments aligned with the adopted Strategic Guide lines and Policies, in order to generate positive economic, social, and environmental impacts.

CDP supports the innovation, growth and internationalisation of small, medium and large companies. CDP's financial and industrial expertise, from within the Group and its subsidiaries, is made available to companies to develop synergies in the production chain and between different sectors.

CDP finances infrastructure, investments in public administrations and the country. It supports policies to enhance the real estate assets of local authorities, invest in social and educational buildings and supports energy efficiency policies. CDP provides financial and technical consultancy support for public administrations, during project planning and design phases.

The corporate governance system plays a central role in CDP’s operations, with the aim of protecting and promoting the economic, social and environmental sustainability of the initiatives undertaken, for the benefit of shareholders and all stakeholders. The governance model is structured around the Board of Directors (BoD), which is responsible for defining, implementing and updating the rules of corporate governance, as well as deter mining the Group’s strategic and executive management guidelines. The BoD is composed of eleven members and, with regard to the management of resources deriving from postal savings (separate management), is integrated by the Director General of the Treasury (or a delegate), the Director General of the Economy (or a delegate), the State Accountant General (or a delegate), and three representatives of regions, provinces and municipalities appointed by decree of the Italian Minister of Economy and Finance. The current Board is composed of 41% women, in line with the Italian sector average, legislation on gender representation, and the recommendations of the Corporate Governance Code. In its assessments and decisions, the Board is supported by four Board committees with advisory functions: Remuneration, Nomination, Related Parties, and Risk and Sustainability. These are complemented by the Support Committee for Non-

Controlling Shareholders, which promotes collaboration with the banking foundations. The governance framework is completed by the Board of Statutory Auditors, which also acts as the Supervisory Body, and a magistrate from the Court of Auditors, who attends meetings of both the Board of Directors and the Board of Statutory Auditors. In addition, the Parliamentary Supervisory Commission - composed of members of Parliament and judges from the Court of Auditors, the Regional Administrative Court and the Council of State - oversees the general performance of the separate management operations.