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Sustainable finance
From bonds to a complete financial strategy linked to sustainability

Developing sustainable finance for Enel means pursuing a reduction in the cost of debt through operations that link the Group's sustainability strategy to financial expenses.

To this end, during 2020, Enel extended the Sustainability-Linked approach to all its debt instruments by publishing the Sustainability-Linked Financing Framework, an omni-comprehensive document governing the link between sustainability and financing, credit lines, commercial documentation and bond issues.

The share of sustainable financing sources in total gross debt will increase to 65% in 2024 and over 70% in 2030.

Sustainable Finance
55
%
2021
>10 p.p.
~ 65
%
2024
>10 p.p.
>70
%
2030
Conventional Finance
45
%
2021
>10 p.p.
~ 35
%
2024
>10 p.p.
~ 30
%
2030
Sustainability-linked-financing-framework One more step towards sustainable finance
Raising public capital for sustainable investments

Public finance is key to addressing global climate challenges.

Sustainability-linked finance can provide the perfect tool to connect ambitious climate goals to financing structures, both in terms of sovereign debt and development financing.

This is reflected in the Sustainability-Linked loan agreement we signed with the European Investment Bank in 2021, the first of its kind for the EIB, which will undoubtedly influence the future of development finance and public finance.

First Sustainability-Linked EIB
Enel leads the global CFO movement towards sustainable development goals
The CFO Task Force promoted by the UN Global Compact is the body co-chaired by Enel's Chief Financial Officer, Alberto De Paoli, which aims to inspire financial managers of large companies to commit to the creation of shared and sustainable long-term value. This body has announced the commitment of its member companies to link almost 50% of all corporate finance to sustainability, planning the issue of new financial instruments, including the Sustainability-Linked Bonds already trialled by Enel.
Enel is leading the global movement of CFOs The UN Global Compact CFO Taskforce
"With this commitment we are marking a milestone in the journey that began in December 2019, when a small group of CFOs began working together based on a shared vision of promoting the integration of sustainability into business operations. We now aim to further raise awareness and help create the necessary environment to attract more and more capital to sustainable development."
Alberto De Paoli CFO of Enel
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