The Mediobanca Group, of which CMB Monaco is part, has become carbon neutral, following a project to offset its CO2 emissions  remaining  after  the  domestic  climate  change  mitigation action taken, and in so doing has beaten the objective to reduce its impact on the environment included in the 2019-23 Strategic Plan.

This  initiative, promoted in conjunction with the technical non-profit organisation Rete Clima, allows the Mediobanca Group to neutralise its remaining greenhouse gas emissions, which in FY  2019-20  were  equivalent to  5,618.81tonnes of CO2(tCO2eq) by acquiring carbon credits generated from environmental protection projects in developing countries.

In particular, the Mediobanca Group is supporting a wind electricity generation project, helping to develop and run one of the largest wind farms  in  the  Philippines, with an overall capacity of 150 MW (the Burgos Wind Project).

The project addresses three of the United Nations’ Sustainable Development Goals, on generating electricity from renewable  sources, creating  jobs, and reducing  greenhouse gas emissions, all included in the 2030 Agenda for Sustainable Development.