2021: Record year for sustainable finance

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:

• A new sustainability KPI was incorporated for sustainable finance transaction (direct, scope 1 greenhouse gas emissions measured in gCO2eq/kWh as at 31/12/2023), with the contracting of a long-term bank loan amounting to 150 million euros in April 2021.
• Two milestones were reached with the formalisation of the first finance transaction linked to sustainability by the European Investment Bank (EIB) in Spain for an amount totalling 250 million euros and with the formalisation of the largest green finance transaction linked to sustainability signed to date by the Official Credit Institute (ICO) for an amount totalling 300 million euros, the purpose of both transactions was to finance investment in installations for the generation of renewable energies.
• All our credit lines and bank guarantees are linked to sustainability criteria.

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.