Since 2019, the Group has maintained a constant commitment to this issue, also setting itself the challenging goals of reaching over 80% by 2026 and 100% of the sustainable debt by 2035.
Thanks to the actions carried out over the last few years in the field of funding, A2A's share of sustainable debt out of total debt has reached 70% as of December 31, 2023.
Currently, A2A’s ESG debt consists of: Green Bonds (62%), Sustainability-linked Bonds (23%) and European Investment Bank (EIB) loans (15%).
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.
Vigeo Eiris, one of the leading international ESG rating agencies, issued a Second Party Opinion confirming the robustness of the Sustainable Finance Framework and attesting its alignment with ICMA and LMA principles.
he agency also highlighted A2A’s commitment to the development of sustainable finance and its “Advance” position as an issuer.
The Framework was updated in February 2022.
Bond | ISIN | Outstanding Amount, €M | Issue Date | Maturity Date | ESG Component |
---|---|---|---|---|---|
Euro Green Bond 2034 | XS2583205906 | 500 | 03/02/2023 | 03/02/2034 | 100% eligibility to EU Taxonomy |
Euro Green Bond 2030 | XS2534976886 | 650 | 19/09/2022 | 19/09/2030 | 100% eligibility to EU Taxonomy |
Euro Green Bond 2026 | XS2491189408 | 600 | 08/06/2022 | 08/06/2026 | 100% eligibility to EU Taxonomy |
Euro Green Bond 2033 | XS2403533263 | 500 | 02/11/2021 | 02/11/2033 | 100% eligibility to EU Taxonomy |
Euro Green Bond 2029 | XS2026150313 | 400 | 16/07/2019 | 16/07/2029 | Eligible Green Projects based on Green Financing Framework |
Totale | 2650 |
Bond | ISIN | Outstanding Amount, €M | Issue Date | Maturity Date | ESG Component |
---|---|---|---|---|---|
Euro Bond 2028 – SLB | XS2457496359 | 500 | 16/03/2022 | 16/03/2028 | KPI «Capacità installata da fonti rinnovabili» in 2024 |
Euro Green Bond 2030 | XS2364001078 | 500 | 15/07/2021 | 15/07/2031 | KPI “Fattore emissivo CO2 di Scope 1” in 2025 |
Totale | 1000 |
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