Green Financing Framework

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.

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

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.

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

Financial strategy

Secure profitability / Solid investment-grade ratings / Increasing Group value

Sustainable finance

Learn more about our sustainable financial instruments.

Reporting 2021

Here you can find all information and publications.