Sustainability Linked Bond Investor Presentation
Most Innovative Corporate Borrower
GlobalCapital
Bond Awards
A Sustainability-Linked Financing Framework aligned enel
with the ICMA's Sustainability-Linked Bond Principles
Enel wishes to foster best market practices and presents a unified and
coherent suite of Sustainability-Linked Financing instruments to the market
Use of
Proceeds
Coupon
Linked to KPIs
KPIs and
Targets
Our Sustainability-Linked Financing Framework has been
reviewed by Vigeo Eiris and confirmed its alignment with the SLB
Principles
The proceeds of Enel's Sustainability-Linked instruments will be
used for general corporate purposes
1
The failure by Enel to satisfy one of the two pre-determined KPI will
trigger a step-up margin
For the avoidance of doubt, no more than one step-up margin or
margin adjustment, as applicable, can be applied over the life of a
given Sustainability-Linked transaction
13 CLIMATE
KPIs
Targets
ACTION
KPI #1:
Direct Greenhouse Gas
Emissions Amount (Scope 1)
2030
125gCO2e/kWheq
2
3
4
AFFORDABLE AND
CLEAN ENERGY
KPI #2:
Renewable Installed
Capacity Percentage
5
2021
2022
55%
60%
Selection of the KPIs
The selected KPIs are considered
as core and relevant to Enel's business
Calibration of Targets
The two targets are considered
to demonstrate an advanced level of ambition
Bond Characteristics
The bond's coupon increases if
Enel fails to reach the relevant Target
Reporting
Enel commits to report at least on an annual basis on both KPIs
within its yearly Sustainability Report and its Annual Report
Verification
The performance level against each Target for each KPI
will be externally verified annually
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