Italy

Unverified
XFID Unique Identifier for Italy: XO9MDPJQ7Y
Country
IT
Sector
Sovereigns
Website
www.sustainablefitch.com
4 Second Party Opinions
1 Framework
XFID Type Title Year Source Retrieved
XF-1YA9OAZ-B Framework Republic of Italy - Framework Report 2025 www.dt.mef.gov.it 31 Mar 2026
XF-2VVAUQV-K Second Party Opinion Italy - Second-Party Opinion 2025 www.sustainablefitch.com 30 Mar 2026
XF-F7YRCLJ-P Second Party Opinion REPORT REVIEW 2024 spowidget.iss-corporate.com 20 Mar 2026
XF-HTRR9GO-E Second Party Opinion REPORT REVIEW 2025 spowidget.iss-corporate.com 20 Mar 2026
XF-RYN6MBU-J Second Party Opinion 20210224 V.E SPO Italy VF 2021 www.mef.gov.it 21 Feb 2026

Press Coverage (1)

News and trade press mentioning this issuer, tracked in the registry.

XF Company Profile

Extra-financial information found across 5 documents in the XframeworkID registry

NACE O Public Administration & Defence

Information extracted from documents in the registry. Values are as disclosed; this is not an assessment or rating. Last updated 2 Jun 2026.

Issuer Identity & Structure

Issuer name and country/jurisdiction (Issuer Identity & Structure)
Republic of Italy FRAMEWORK 2025 2025
Issuer sector/industry classification (Issuer Identity & Structure)
Public Administration & Defence Document metadata
Issuer organizational structure (e.g., public-private partnership, municipal, sovereign) (Issuer Identity & Structure)
Sovereign SPO 2025 2025
Issuer type (e.g., bank, asset manager, pension fund, REIT, utility) (Issuer Identity & Structure)
Sovereign government SPO 2025 2025

Green / Sustainable Finance Framework

Sustainable bond framework name and version (Green / Sustainable Finance Framework)
Framework for the Issuance of Sovereign Green Bonds SPO 2021 2021
Bond types covered under framework (green, social, sustainability, sustainability-linked) (Green / Sustainable Finance Framework)
Green bonds FRAMEWORK 2025 2025
Framework publication date and update history (Green / Sustainable Finance Framework)
Original: February 25, 2021; Updated: December 2025 FRAMEWORK 2025 2025
Eligible use-of-proceeds categories (Green / Sustainable Finance Framework)
Renewable energy, Energy efficiency, Clean transport, Climate and environmental resilience measures, Protection of environment/water/biological diversity, Environmental research SPO 2025 2025
Exclusion criteria for ineligible projects or sectors (Green / Sustainable Finance Framework)
Exclusion Criteria documented in framework FRAMEWORK 2025 2025
Refinanced vs. newly financed project distinction (Green / Sustainable Finance Framework)
36-month lookback period for refinancing eligibility SPO 2021 2021
Geographic scope of eligible projects (Green / Sustainable Finance Framework)
Italy SPO 2021 2021
Sustainable finance taxonomy used (Green / Sustainable Finance Framework)
European Union Taxonomy FRAMEWORK 2025 2025

External Review & Verification

Second Party Opinion (SPO) provider name and assessment date (External Review & Verification)
ISS-Corporate Solutions, Inc.; Date: 24 June 2025 SPO 2025 2025
SPO assessment scope and methodology (External Review & Verification)
BTP Green Allocation and Impact Report verification against Harmonised Framework for Impact Reporting (ICMA, June 2024) and Republic of Italy's BTP Green Framework SPO 2025 2025
Pre-issuance or post-issuance verification type (External Review & Verification)
Post-issuance verification SPO 2025 2025
SPO preliminary evaluation or credibility rating (External Review & Verification)
Alignment with ICMA Green Bond Principles confirmed; Robust framework characteristics SPO 2025 2025

Standards & Regulatory Alignment

Alignment with ICMA Green Bond Principles (Standards & Regulatory Alignment)
Fully aligned with ICMA Green Bond Principles 2018 SPO 2025 2025
Alignment with UN Sustainable Development Goals (Standards & Regulatory Alignment)
SDG Mapping documented SPO 2025 2025
Alignment with national green bond guidelines (Standards & Regulatory Alignment)
Alignment with National Integrated Energy and Climate Plan (NIECP); supports national and EU climate objectives SPO 2025 2025
Alignment with EU Taxonomy for sustainable activities (Standards & Regulatory Alignment)
Framework positions eligible expenditures in relation to EU Taxonomy FRAMEWORK 2025 2025

Issuance Details

Bond instrument type (e.g., green bond, social bond, sustainability bond) (Issuance Details)
Green bond SPO 2025 2025
Bond issuance date (Issuance Details)
Multiple: 13 March 2024, 14 May 2024, 18 September 2024 SPO 2025 2025
Par or principal amount of bond and currency (Issuance Details)
EUR 1,250,000,000 + EUR 9,000,000,000 + EUR 1,130,000,000 (2024 issuances) SPO 2025 2025
Bond ISIN code (Issuance Details)
IT0005542359, IT0005596470, IT0005508590 SPO 2025 2025
Bond maturity date (Issuance Details)
30 October 2031, 30 October 2037, 30 April 2035 SPO 2025 2025
Green bond first issuance year (Issuance Details)
2021 SPO 2021 2021
Years of green bond issuance history (Issuance Details)
Fourth year of reporting (as of 2025) SPO 2025 2025

Impact Metrics & Reporting

Annual impact reporting commitment (Impact Metrics & Reporting)
Annual BTP Green Allocation and Impact Report SPO 2025 2025
Impact reporting methodology (Impact Metrics & Reporting)
Harmonised Framework for Impact Reporting (HFIR) administered by ICMA SPO 2025 2025

Corporate Strategy & Mission

Corporate mission and sustainability strategy (Corporate Strategy & Mission)
Climate and environmental resilience; sustainable development aligned with EU climate objectives and National Integrated Energy and Climate Plan FRAMEWORK 2025 2025

Changes Over Time

Items where disclosed information changed across documents.

Sustainable bond framework name and version
2021 Green Bond Framework
2024 Framework for the Issuance of Sovereign Green Bonds
2025 Italian Green Bond Framework Update December 2025
Bond types covered under framework
2021 Green Bond
2025 Green bonds, Sustainability bonds
2025 Green bonds
Framework publication date and update history
2021 February 2021
2025 December 2025
Eligible use-of-proceeds categories
2021 6 Categories
2025 Multiple eligible green expenditure categories listed
SPO assessment scope and methodology
2021 Alignment with Green Bond Principles 2018 core components; use of proceeds, environmental objectives, expected benefits, and reporting commitments
2024 Report Review Assessment - Alignment with Framework for Issuance of Sovereign Green Bonds and ICMA HFIR; Disclosure of Proceeds
Pre-issuance or post-issuance verification type
2021 Pre-issuance
2024 Post-issuance verification
Alignment with ICMA Green Bond Principles
2021 Aligned with Green Bond Principles 2018
2024 Assessed under ICMA Harmonised Framework for Impact Reporting (HFIR)
Sustainable finance taxonomy used
2024 Harmonised Framework for Impact Reporting (HFIR), updated June 2023
2025 European Union Taxonomy