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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.

    Further information

    CDP Corporate Questionnaire 2024 [Full Report]

    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.

    Further information

    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.

    Further information

    Sustainalytics I 23.2 (Medium Risk)

    In the Sustainalytics ESG Risk Rating, we currently achieve (update 1st of October 2025) a score of 23.2 (scale 0 to 40+). This means we are rated „Medium Risk".

    Further information

    EnBW rating history

    CDP
    ISS ESG
    MSCI
    Sustainalytics0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    CDP
    A- (2023)
    ISS ESG
    B (2024)
    MSCI
    A (2023)
    Sustainalytics0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    30.2 (2023)
    CDP
    B (2022)
    ISS ESG
    B (2023)
    MSCI
    A (2022)
    Sustainalytics0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    27.7 (2022)
    CDP
    B (2021)
    ISS ESG
    B (2022)
    MSCI
    A (2021)
    Sustainalytics0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    31.0 (2021)
    CDP
    A (2020)
    ISS ESG
    B (2021)
    MSCI
    AA (2020)
    Sustainalytics0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    32.8 (2020)0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    CDP
    B (2019)
    ISS ESG
    B- (2020)
    MSCI
    AA (2019)
    Sustainalytics0Scores until 2019 based on the Sustainalytics ESG Rating methodology, which was replaced by the Sustainalytics Risk Rating in 2020.
    77 (2019)
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    Sustainability management
    Here you can find full information on our sustainability management.
    Sustainability reporting
    Here you can find full information on our sustainability reporting.
    ESG Policies
    Here you can find an overview of our ESG Policies.