Our commitment to sustainable finance

Our approach to energy transition is aligned with the Sustainable Development Goals ("SDGs"), whether through direct or indirect means. In this way, 90% of the investment outlined in the strategic plan supports SDG 13 (Climate Action), which also includes SDG 7 (Affordable and Clean Energy), SDG 9 (Industry, Innovation and Infrastructure), and SDG 11 (Sustainable Cities and Communities).

In 2023, the amount formalised in sustainability-related operations reached 19.325 billion euros, maintaining its position in sustainable finance and setting new milestones in this field, including:

• The introduction of a new KPI linked to the percentage of CAPEX aligned with the European Union Taxonomy Regulation for 2023 and subsequent periods, starting with the signing in March 2023 of new long-term bank loans totalling 625 million euros. 
• It is worth highlighting once again the renewal of the Commercial Paper Programme, linked to the new KPI of capital expenditure (CAPEX) percentage aligned with the European Union Taxonomy Regulation in 2023, for an amount of 5 billion euros.
• The European Investment Bank (EIB) has recently formalized new financing operations totalling 450 million euros, with terms linked to the reduction of CO2 emissions. 
• The formalisation of a new financing operation linked to the reduction of CO2 emissions with the Official Credit Institute (ICO), amounting to 300 million euros, aimed at financing investment in renewable energies. 
• Structuring of interest rate derivatives tied to sustainability worth 300 million euros.