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Sustainable finance

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With our sustainable financial instruments, we contribute to the achievement of global sustainability goals.

We actively contribute to the public debate on sustainable finance and engage in dialogue with leading sustainability rating agencies. Our sustainable financial instruments underpin our corporate strategy to develop into a sustainable and innovative infrastructure partner.

  • Sustainable finance EnBW
  • ESG ratings
  • EU taxonomy
  • ESG ratings

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    EnBW is regularly rated in the areas of sustainability and finance by various rating agencies.

    We liaise closely with leading sustainability rating agencies and incorporate their analyses and assessments of our corporate strategy, situation and prospects in our decision-making. We seek to continuously improve our ratings with recognized agencies in the field of sustainability. In this way, we aim to strengthen our positioning as a responsible and sustainable company and also appeal to financial investors whose investment decisions are wholly or partly based on sustainability criteria.

    EnBW ESG ratings

    CDP | A (Leadership)

    In 2025, we were rated A (Leadership) in the CDP Climate Change rating (scale A to D-). In 2025, we were also rated B (Management) (scale A to D-) in the CDP Water Security rating.

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    ISS ESG I B (Prime Status)

    In the ISS ESG Rating, we were awarded a score of B in 2025 (scale A+ to D-). We are thus among the top 10 % in our sector “Multi Utilities” and continue to be awarded Prime Status.

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    MSCI | AA (Leader)

    In 2025, we were assessed with a score of AA (Leader) in the MSCI ESG Rating. EnBW thus achieved an above-average result in the "Utilities" sector.

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    Sustainalytics I 22.8 (Medium Risk)

    In the Sustainalytics ESG Risk Rating, we currently achieve (update 10th December 2025) a score of 22.8 (scale 0 to 40+). This means we are rated „Medium Risk".

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    EnBW rating history

    CDP
    ISS ESG
    MSCI
    Sustainalytics
    Sustainalytics
    24.1 (2024)
    CDP
    A- (2023)
    ISS ESG
    B (2024)
    MSCI
    A (2023)
    Sustainalytics
    30.2 (2023)
    CDP
    B (2022)
    ISS ESG
    B (2023)
    MSCI
    A (2022)
    Sustainalytics
    27.7 (2022)
    CDP
    B (2021)
    ISS ESG
    B (2022)
    MSCI
    A (2021)
    Sustainalytics
    31.0 (2021)
    CDP
    A (2020)
    ISS ESG
    B (2021)
    MSCI
    AA (2020)
    Sustainalytics
    32.8 (2020)
    CDP
    B (2019)
    ISS ESG
    B- (2020)
    MSCI
    AA (2019)