Sustainable finance

Starting in 2017, through the issuance of its first Green Bond, the Iren Group embarked on a path of sustainable finance to support its investment strategies strongly focused on projects with positive sustainability impacts. The extensive use of green and assimilated instruments has over time changed the composition of the Group's debt, to date 62% of which is composed of sustainable finance instruments.

Debt structure

Iren has also consolidated its historic relationship with the European Investment Bank (EIB) as well as the Council of Europe Development Bank (CEB), institutions that support investment projects that have environmental and social sustainability requirements.

 

Data updated to 1H 2022.

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More informations

Nel corso degli anni Iren ha dapprima elaborato un Green Financing Framework e nel 2022 ha adottato un nuovo Sustainable Financing Framework, in evoluzione rispetto a quello del 2018, per rafforzare ulteriormente il proprio impegno nella finanza sostenibile. Il nuovo Sustainable Financing Framework contempla l’utilizzo di strumenti sia di tipo Use of Proceeds sia di tipo Sustainability Linked. 

Iren Sustainable Financing Framework

Iren Sustainable Financing Framework

Second Party Opinion on Iren’s Sustainable Financing Framework

Second Party Opinion on Iren’s Sustainable Financing Framework

Iren New Sustainable Financing Framework 

Il Sustainable Financing Framework evidenza come il Gruppo Iren intenda continuare a sostenere la propria visione di sviluppo sostenibile, combinando l'uso di diversi strumenti di finanziamento Green & Sustainability-Linked. Il Framework è allineato con i Green Bond Principles 2021 e i Sustainability-linked Bond Principles 2020 dell'ICMA (International Capital Market Association), e con i Green Loan Principles 2021 e i Sustainability-linked Loan Principles 2022 della LMA (Loan Market Association). Nell'ambito del Sustainable Financing Framework, Iren S.p.A. può emettere qualsiasi tipo di strumento di debito come obbligazioni (senior unsecured, subordinate unsecured o ibride, o project bond), prestiti, garanzie e derivati.

Green Financial Component

Wastewater Purification ed
efficiency of water services

2 million

tons of CO2 emissions

avoided in 2021

Green bond

Green Bonds highlight Iren's focus on a growing segment of investors who, in turn, include ESG parameters in their analyses as a tangible element of sustainability and investment choice. 

To date, Iren has issued four Green Bonds with a total outstanding amount of 2 billion Euro.