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We are a significant benchmark in this field with three main areas of action: Leadership in the development of innovative financial instruments, diversification of the portfolio of sustainable financial products and active work in the dissemination of sustainable finance among the different stakeholders.
Alineados con los Objetivos de Desarrollo Sostenible
ODS 7: Affordable and Clean Energy
ODS 9: Industry, Innovation and Infrastructure
ODS 11: Ciudades y comunidades sostenibles
ODS 13: Climate Action
We have taken into account the commitment to sustainability in our Strategic Plan 2022-2024 when defining its financial strategy. As a result, sustainable finance is at the heart of ENDESA's financial strategy and plays a key role in achieving the targets for compliance with the SDGs.
So, in 2021:
We have also incorporated new types of instruments into our wide range of financial products with the formalisation of interest rate derivatives linked to sustainability for an amount totalling 650 million euros.
The inclusion of economic incentives in financial instruments on sustainability parameters enables us to create value by positioning corporate strategy at the centre of its relationship with the financial markets. The current challenge is focussed on defining finance conditions that effectively recognise and encourage our efforts.
Sustainable finance represented 60% of gross financial debt at the end of the 2021 reporting period (45% in 2020). This proportion is expected to increase to about 80% by 2024 and to exceed 90% by 2030.