Eni, CNH Industrial (NYSE: CNHI / MI: CNHI) and Iveco Group (MI: IVG) have signed a memorandum of understanding for potential joint social development initiatives in countries of common interest in the areas of agriculture, sustainable mobility and education, contributing in their respective industries.
Specifically, the parties will focus on enhancing the value chain in the agricultural sector to promote food security, increase the efficiency of farming and farmers’ access to the market – including through the development of solutions for more sustainable logistics and the movement of goods and people. Another important aspect of the partnership is professional training for young adults, students and entrepreneurs, as well as interaction with local communities, through an approach based on listening and dialogue, and initiatives tailored to specific local needs. The partnership will enable the provision of tangible social support through investment in the creation of high-quality training courses, thus expanding educational opportunities for young adults with a view to their entry into the workplace.
“This memorandum of understanding demonstrates the key role of the private sector in development financing, as highlighted by the UN Conference in Addis Ababa in 2015. Three leading private companies are pooling their expertise and experience in developing cooperation projects, technical training, and mechanisation to promote access to education and economic diversification in the relevant areas, boosting sustainability in the agricultural supply chain in the food and energy sectors,” said Guido Brusco, General Manager Natural Resources of Eni.