Meeting of the European Long-Term Investors Association on 20 and 21 July in Madrid

Members of the European Long-Term Investors Association (ELTI) met on 20 and 21 July in Madrid to decide on the association’s new strategic framework until 2033. At their meeting, members elected a new president for the next three years: Dario Scannapieco, CEO of Italian Cassa Depositi e Prestiti (CDP).

Dr Lutz-Christian Funke, Secretary General of KfW, was elected vice president. In addition, the member institutions celebrated the 10-year anniversary of the association, which today comprises 32 members from 21 EU Member States, two candidate countries and two multilateral development banks.

At the end of 2022, the balance sheet total of ELTI members amounted to more than EUR 2.75 trillion. In 2022, the volume of new business was more than EUR 314 billion, of which around 32 % was provided for sustainable projects.

The newly elected ELTI President Dario Scannapieco said:

“ELTI represents 32 national promotional banks and financial institutions in Europe, having doubled its membership in just ten years. This diversity of perspectives, coupled with the increasing recognition that the association has gained in many relevant European forums, is a key element in keeping pace with the economic and geopolitical challenges ahead.”

At their meeting, ELTI members also awarded prizes for the first time to three European flagship projects in the areas of innovation, green and sustainable investment, and social investment.

The Social Finance Foundation (Ireland) was established in 2007 by the Irish Government to meet the financing needs of non-profit organisations and social enterprises, which are difficult to obtain from conventional financial institutions.

Medical Inventi SA (Poland) was established as an initiative by the academic community of the Medical University of Lublin and private investors, and has developed an artificial bone substitute, among other things. As an implant, it supports the healing process of bone.

PILI (France) is a company committed to producing sustainable dyes and pigments to reduce the environmental footprint of the paint industry. PILI uses hybrid processes that combine industrial fermentation and green chemistry to produce powerful colour palettes.

You can find further information here:

www.eltia.eu