(Finance) – Italian State Railways (FS) ha the sixth Green Bond Report has been published in line with the ICMA Principles and with what is established in its Green Bond Framework. The report discloses the allocation of the proceeds of the green bonds issued under the EMTN Program up to Series 22, for a total of 4.45 billion euros, as well as the positive impacts that the financed investments generate in terms of environmental sustainability.
The results of the report, relating to the period 2019 – 2023, highlight the positive impacts of the financed projects – based on the methodologies used – in terms of both energy saving and reduction of CO2 emissions, thanks to the investments of Trenitalia, Rete Ferroviaria Italiana and Mercitalia Rail.
Furthermore, useful details for the compliance of projects financed with the European Taxonomy have been reported. The report obtained the third-party opinion from KPMGwhich validated the calculation methodologies adopted by FS for impact reporting and certified the correct allocation of bond proceeds to the Eligible Green Projects as defined by the FS Green Bond Framework of 2022.