In June 2020, we signed our first sustainable syndicated credit facility with a facility amount of €1.5 billion. The facility is used for general business purposes and replaced, ahead of schedule, the syndicated credit line that expired in July 2021. Its initial five-year term can be extended after the first or second year by one year at a time until June 2027 at the latest.
For the first time, the borrowing costs under the syndicated credit line are tied to EnBW’s sustainability performance. This underscores our commitment to achieving our non-financial targets. Borrowing costs decrease or increase in track with the achievement (or non-achievement) of selected non-financial top performance indicators.
The three selected sustainability indicators reflect both environmental and social criteria: CO₂ intensity and the percentage of generating capacity accounted for by renewable energy have been selected as the environmental indicators. The social indicator is the system average interruption duration index (SAIDI), which tracks electricity grid supply reliability.