1、 EnBW Green Financing Framework 2 Index 1. Introduction . 3 1.1 Sustainability Approach of EnBW . 5 1.2 Rationale for Green Financing . 9 2. Scope of the Framework . 11 2.1 Use of Proceeds . 12 2.2 Project evaluation and selection . 12 2.3 Management of Proceeds . 14 2.4 Reporting . 15 2.5 External
2、Review . 17 The Green Financing Framework will be updated regularly. All substantial changes will be documented below: Date of Change Section Amendment June 2020 2 Commitment to monitor and to gradually adapt recent developments of the EU Green Bond Standard into our Green Financing Framework. The E
3、nBW Green Financing Framework was published in October 2018 and last updated in June 2020. 3 1. 1. IntroductionIntroduction The EnBW Group is a German utility with its registered headquarters in Karlsruhe. With rev- enues of around EUR 19bn (FY2019) and more than 23,000 employees, we are among the l
4、argest utility companies in Germany. As an integrated power and gas company, we operate along the entire energy industry value chain in four segments: Sales, Grids, Renewable Ener- gies, and Generation and Trading. Since 2013 we have been following the EnBW 2020 Strat- egy with the majority of our i
5、nvestments focusing on the two segments renewable energies and grids. Our activities in the area of power generation from renewable energy sources where we utilise the natural resources of water, wind and sun are combined under the Re- newable Energies segment. We are expanding renewable energies, a
6、bove all in the areas of onshore and offshore wind energy, and broadening its activities along the value chain. The Grids segment encompasses the transmission1 and distribution of electricity and gas, the provision of grid-related services, e.g. the operation of grids for third parties, and the supp