Sustainable Financing Framework
For A2A Sustainable Finance is one of the enabling levers of its 2021-2030 Strategic Plan
Following its first Green Financing Framework published in July 2019, A2A has structured a new Sustainable Financing Framework in May 2021. The Sustainable Finance Framework is fully aligned with ICMA and LMA’s latest principles and it combines both Green/Use of Proceeds and Sustainability-Linked.
Regarding the Sustainability-Linked component, a set of Key Performance Indicators (KPIs) has been selected in order to fully reflect the two pillars of A2A’s strategic plan, namely Energy Transition and Circular Economy.
The selected KPIs (Scope 1 CO2 Emission Intensity; Renewable Energy Capacity Installation; Waste Treated in Group’s Material Recovery Plants) are linked to ESG targets that actively contribute to the achievement of UN SDGs number 7, 11, 12, and 13
In July 2021, A2A launched its inaugural Sustainability-Linked Bond with a size of € 500mln and maturity 10 years.
The bond is linked to the achievement of the sustainability performance target related to Scope 1 CO2 Emission Intensity. In October 2021, A2A successfully issued a new Green Bond with a size of € 500mln and maturity 12 years, whose proceeds were fully allocated to Eligible Green Projects aligned to the EU Taxonomy.
Building on the achievements of 2021, 2022 opened with the publication of the updated Sustainable Finance Framework incorporating the more ambitious sustainability targets of the 2021-2030 plan.
Under the Sustainable Finance Framework, three bond issues were concluded: i) the second Sustainability-Linked Bond, with a size of € 500mln and maturity 6 years, linked to the achievement of the 2024 target for Renewable Energy Capacity Installation; ii) two Green Bonds with a size of € 600mln, maturity 4 years and € 650mln, maturity 8 years, whose proceeds will be used to finance green projects aligned to the EU Taxonomy.
Finally, in January 2023 A2A issued a new Green Bond for 500 million euros, with an 11-year duration, to support the investments envisaged in the new Business Plan.
A2A 2021-2022
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