Investors | EnBW

NECKARPRI-Beteiligungsgesellschaft mbH and Zweckverband Oberschwäbische Elektrizitätswerke (OEW) each hold 46.75% of the shares in EnBW.
Municipal shareholders’ associations in Baden-Württemberg hold around 4%. EnBW holds a further 2.08% as treasury shares.
The free float of EnBW shares is small at 0.39 percent.

(Information as of 30 June 2021).

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Share price | EnBW

What is EnBW’s financing strategy?

EnBW manages its operating funding needs separately from the coverage of Group pension and nuclear energy obligations.

In addition to our internal financing capacity, we have the following financing instruments at our disposal to meet our operational funding needs:
Debt issuance programmes, subordinated bonds, commercial paper programme, a sustainable syndicated credit line and committed bilateral credit facilities.
Long-term pension and nuclear energy obligations are covered via EnBW’s asset liability management model.

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Financial strategy | EnBW

What sustainable finance instruments does EnBW use?

We have launched several green bond issues (€2.5 billion) since 2018. In line with our Green Financing Framework, the proceeds went to renewable energy projects, energy efficiency projects and clean transportation.
Our syndicated credit facility (€1.5 billion) has been sustainable since 2020, with the borrowing costs linked to EnBW’s sustainability performance via three selected sustainability indicators.
In 2020, our subsidiary VNG AG issued its first green promissory note issue (€100 million) exclusively for environmentally sustainable purposes.

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Sustainable finance | EnBW

Does EnBW have science-based targets and are these climate protection goals already scientifically certified?

In October 2021, we committed to developing science-based targets by joining the Science Based Targets Initiative (SBTi).

We are thus expanding our climate neutrality target for Scopes 1 and 2 by including a target for emissions category (Scope) 3.

The commitment to SBTi concretizes our climate neutrality target. It enables us to check the conformity of our entire value chain with the targets of the Paris Climate Agreement in our decision-making processes.

Our committment is published on SBTi’s website Companies taking action - Science Based Targets.