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Green Bond Impact Report 2021

Green Financing Framework

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We published our EnBW Green Financing Framework in October 2018 and update it on a regular basis. This is the basis on which all of our green financing instruments, such as green bonds, are issued on the capital market. Here you can find our Green Financing Framework.

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EU taxonomy

The project categories specified in the Framework correspond to the classification system for environmentally sustainable economic activities0As amended 18 June 2020 and the technical screening criteria for the environmental objective of climate change mitigation0As amended 20 November 2020 under the EU Taxonomy Directive.

Projects financed or refinanced under the Framework are selected, among other criteria, on the basis of compliance with the relevant metrics, thresholds and ‘do no significant harm’ criteria under the EU Taxonomy.

Here you can find further information on the EU taxonomy.

EU Green Bond Standard

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Our current Green Financing Framework conforms with the July 2021 Proposal for a Regulation on European Green Bonds. This enables us where applicable to use the EU Green Bond label in future green bond issues.

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Correspondence of eligible project categories to our non-financial key performance indicators, the United Nations Sustainable Development Goals (SDGs) and the EU taxonomy
Eligible green activity
Project category
Contribution to the EnBW key performance indicators0Our green activities also have a positive impact on other EnBW top non-financial performance indicators such as our reputa[1]tion index and our customer satisfaction index.
Contribution to the UN SGDs
Contribution to the EU taxonomy0Classification based on the Draft Delegated Act Annex I dated 4 June 2021 (including appendices). The project needs to fulfil the definition, metrics and thresholds of the applicable Substantial Contribution, the Do No Significant Harm criteria and minimum safeguards requirements.
Eligible green activity
Renewable energies
Project category
Offshore wind energy generation
Contribution to the EnBW key performance indicators0Our green activities also have a positive impact on other EnBW top non-financial performance indicators such as our reputa[1]tion index and our customer satisfaction index.
  • Expand renewable energies (RE): Installed output of RE in GW and the generation capacity accounted for by RE in %
  • Climate protection CO₂ intensity in g/kWh
Contribution to the UN SGDs
  • Clean and affordable energy
  • Climate action
Contribution to the EU taxonomy0Classification based on the Draft Delegated Act Annex I dated 4 June 2021 (including appendices). The project needs to fulfil the definition, metrics and thresholds of the applicable Substantial Contribution, the Do No Significant Harm criteria and minimum safeguards requirements.
4.3 Electricity generation from wind power
Project category
Onshore wind energy generation
Contribution to the EnBW key performance indicators0Our green activities also have a positive impact on other EnBW top non-financial performance indicators such as our reputa[1]tion index and our customer satisfaction index.
  • Expand renewable energies (RE): Installed output of RE in GW and the generation capacity accounted for by RE in %
  • Climate protection CO₂ intensity in g/kWh
Contribution to the UN SGDs
  • Clean and affordable energy
  • Climate action
Contribution to the EU taxonomy0Classification based on the Draft Delegated Act Annex I dated 4 June 2021 (including appendices). The project needs to fulfil the definition, metrics and thresholds of the applicable Substantial Contribution, the Do No Significant Harm criteria and minimum safeguards requirements.
4.3 Electricity generation from wind power
Project category
Solar (photovoltaic) energy generation
Contribution to the EnBW key performance indicators0Our green activities also have a positive impact on other EnBW top non-financial performance indicators such as our reputa[1]tion index and our customer satisfaction index.
  • Expand renewable energies (RE): Installed output of RE in GW and the generation capacity accounted for by RE in %
  • Climate protection CO₂ intensity in g/kWh
Contribution to the UN SGDs
  • Clean and affordable energy
  • Climate action
Contribution to the EU taxonomy0Classification based on the Draft Delegated Act Annex I dated 4 June 2021 (including appendices). The project needs to fulfil the definition, metrics and thresholds of the applicable Substantial Contribution, the Do No Significant Harm criteria and minimum safeguards requirements.
4.1 Electricity generation using solar photovoltaic technology
Eligible green activity
Energy efficiency
Project category
Smart meters
Contribution to the UN SGDs
  • Industry, innovation and infrastructure
  • Climate action
Contribution to the EU taxonomy0Classification based on the Draft Delegated Act Annex I dated 4 June 2021 (including appendices). The project needs to fulfil the definition, metrics and thresholds of the applicable Substantial Contribution, the Do No Significant Harm criteria and minimum safeguards requirements.
7.5 Installation, maintenance and repair of instruments and devices for measuring, regulation and controlling energy performance of buildings
Eligible green activity
Clean transportation
Project category
E-mobility charging stations
Contribution to the UN SGDs
  • Industry, innovation and infrastructure
  • Sustainable cities and communities
Contribution to the EU taxonomy0Classification based on the Draft Delegated Act Annex I dated 4 June 2021 (including appendices). The project needs to fulfil the definition, metrics and thresholds of the applicable Substantial Contribution, the Do No Significant Harm criteria and minimum safeguards requirements.
6.15 Infrastrukture enabling low-carbon road transport and public transport
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