Green Bonds

EDF is a reference issuer in the Green Bond market: since November 2013, it has issued the equivalent of around €11bn in Green Bonds to support its development.

Green Bonds are fully integrated to the Group’s financing policy.

The EDF Group has updated his Green Financing Framework in July 2022 in order to contribute to best market practices, cover a broader range of its activities and comply with European taxonomy alignment.

Green Financing Framework (July 2022)

Based upon best market practices, in line with the Green Bond Principles published by the ICMA (International Capital Markets Association), the Green Bond Standards of the European Union proposed by the Technical Expert Group on sustainable finance and aligned with the European Taxonomy, this new Green Financing Framework, applicable to future issuances, aims to maintain and extend the existing scope of green-bond eligible investments to:

  • renewable power projects;
  • hydropower generation including biodiversity;
  • energy efficiency projects;
  • distribution of electricity;
  • nuclear power generation.

A three-year look-back period has been maintained to include, as a one-off, recent investments now eligible under the new Green Financing Framework.

You can find below detailed information on the new EDF Green Financing Framework.

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Based upon best market practices, in line with the Green Bond Principles (“GBPs”) published by the ICMA (International Capital Markets Association) and the Green Bond Standards of the European Union proposed by the Technical Expert Group (TEG) on sustainable finance, this new Green Bond Framework, applicable to potential future issuances, aims to extend the existing scope of green-bond eligible investments to:

  • renewable energy generation projects such as biomass and geothermal;
  • international hydropower;
  • energy efficiency;
  • biodiversity.

A three-year look-back period has been added to include, as a one-off, recent investments now eligible under the new Green Bond Framework.

You can find below detailed information on the new EDF Green Bond Framework.

Allocation status of Green Bonds proceeds at 31 December 2023

Green financing: proceeds allocation and impact reporting
Issue date Tenor Nominal amount incl New renewable capacities Investments in hydro facilities Biodiversity projects Total net capacity of financed projects Expected net avoided CO2 emissions
Nov. 2013 7.5Y 1,400M€ 1,400M€ 976MW 1.55Mt/yr
Oct. 2015 10Y 1,250M$ 1,250M$ 815MW 1.83Mt/yr
Oct. 2016 10Y 1,750M€ 1,248M€ 502M€ 1,865MW 1.62Mt/yr
Jan. 2017 12Y-15Y 26,000M¥ 14,021M€ 11,979M€ 1,219MW 0.13Mt/yr
Sept. 2020 4Y 2,400M€ 2,246M€ 110M€ 28M€ 1,535MW 1.35Mt/yr
Nov. 2021 12Y 1,850M€ 1,594M€ 189M€ 23M€ 1,487MW 1.11Mt/yr
Total 7,897MW 7,59Mt/yr
Issue date Tenor Nominal amount Distribution of electricity projects Renewable capacity connected Number of smart meters New grid lines built
Oct. 2022 12Y 1,250M€ 1,250 5,181MW 5,488,000 2,950km
Jul. 2023 Evergreen REPO 565M€ 565 2,061MW 614,000 1,015km
Aug. 2023 4Y-8Y 325MCHF 325 1,976MW 592,000 1,976km
Issue date Tenor Nominal amount Existing French nuclear reactors (in relation to their lifetime extension) Expected net avoided CO2 emissions
Nov. 2023 3.5Y 1,000M€ 1,000M€ 1.82Mt/yr

Find out more about EDF Green Bonds

Social Bonds

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Environmental, Social and Governance Indicators

The Group’s reporting system content and form are subject to continuous improvement, over and beyond the requirements of French law.