ANNUAL RESULTS 2020
Strategy and
investments
ESG
Renewables
Regulated
France Generation
and supply
Consolidated financial
statements
Financing & cash
management
Operational data and markets
EDF'S GREEN BOND FRAMEWORK FOLLOWS BEST MARKET PRACTICES
AND GREEN BOND PRINCIPLES (GBP)
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1 - USE OF FUNDS
Development of new renewable generation capacities
Renovation and modernisation of existing hydroelectric assets with the aim
of:
improving their efficiency, flexibility and ability to contribute to meeting the
needs of electricity systems that evolve as the share of intermittent means of
generation increases in the energy mix,
■ adapting the existing hydropower assets to changes in climate
Energy efficiency solutions to allow all EDF customers to make better use of
energy, mainly through its subsidiary Dalkia
Biodiversity, to enable EDF to continue to pursue its goal of having a positive
impact on biodiversity, from simple prevention measures to measurable
improvements
4- REPORTING
At half-yearly intervals: allocation of funds
Annually: allocation of funds + list of projects financed by the Green Bond and
aggregated impacts (at the level of each green issue)
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2 - PROJECT SELECTION PROCESS
A internal organisation dedicated to the evaluating and ensuring that only Eligible
Projects as defined in the Use of Funds section are eligible to receive Green Bond
financing
Respect of specific environmental and social criteria
Investments may include:
tangible or intangible assets
■ Investments (including acquisitions mainly related to new
developments/technologies)
■ certain operating expenditures such as R&D and investments in the maintenance
of green assets
3 - FUND MANAGEMENT
Funds are managed and monitored separately until they are allocated to eligible
projects
They are invested in SRI funds until their allocation
5- EXTERNAL REVIEW
External ex-ante opinion: "reasonable" level of assurance delivered by Vigeo Eiris
on EDF's Gren Bond Framework (their highest level),
Ex-post certification: annual report issued by an external auditor, Deloitte, on the
allocation of funds and the compliance of Green Bond issues with the Green Bond
Framework and the Green Bond Principles, and the conformity of the CO2 emissions
determination modality
eDF
ANNUAL RESULTS 2020
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