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2021: Record year for sustainable finance

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:

  • 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. 

Chart data 2020 and 2021 sustainable finance.

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. 

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