After the world’s first SDG-Linked Bonds issued in 2019, Enel then expanded the range of its Sustainability-Linked Financing instruments in 2020 with SDG-Linked Loans and Revolving Credit Facilities; it also started the Target Guaranteed Euro-Commercial Paper Program as part of the Sustainable Development Goal 7 on Affordable and Clean Energy (SDG 7), showcasing how sustainability can be integrated across the financing tools of the company.
Enel wishes to foster best market practices and present a unified and coherent suite of Sustainability-Linked Financing instruments to the market and to the subsidized and development financing space. Enel has thus decided to establish a Sustainability-Linked Financing Framework.
Though Enel’s instruments under this framework will be mainly focused on contributing to SDG 7 and SDG 13, Enel believes it is important for the development of the market to name this framework “Sustainability-Linked Framework,” hence adopting a name aligned to the principles established in the loan and, more recently, in the bond markets.
SDG 7 Euro-Commercial Paper Program