ANNUAL RESULTS 2020 slide image

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) - - -- 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) - 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 30 RSE
View entire presentation