25 275
1
34
235
225
275
065
625
1425
1765
1474
1263
1063
727
538
401
251
172
087
2019 2022 Jan 2023 2017 2015 2020 2018 2016 2021 2014
14
86
New projects
Refinancing
CHANGE IN GREEN BONDS ISSUED AND THEIR ALLOCATIONS IN BILLIONS OF EUROS
These eligible and aligned portions are
expressed on three levels: revenue,
capital expenditure (CAPEX taxonomy)
and operational expenditure (OPEX
taxonomy). The results are below
for the year 2022 and for the CAPEX
taxonomy of the period 2023-2025.
Of these three levels, the sustainable
portion of OPEX limited to maintenance
is insignificant, while the sustainable
share of revenues reflects past
investment choices and that of CAPEX
represents future choices. In its definition
of CAPEX, the EU has chosen to include
GREEN FINANCE AT THE SERVICE
OF ECONOMIC PERFORMANCE
Green bonds are essential tools for the
energy transition. With its €2.75 billion
green bond issue of January 7, 2023,
Engie has issued a total of €17.65 billion
in green bonds since 2014. This makes
it the leader among corporate issuers.
These bonds are issued in accordance
with the “Green Bond Framework,”
according to which the Group commits
to using the funds only to finance
sustainable, socially responsible
projects that have a positive impact on
the environment. Since 2014, more than
70% of the bonds issued by the Group
have been green bonds.
In 2022, ENGIE issued a single green
bond of €0.65 billion. This and previous
issues allowed €2.11 billion to be
allocated to finance some 60 projects in
2022. These projects are part of ENGIE’s
transformation to decarbonized assets
and energy efficiency and should help
avoid the emission of at least 3.8 Mt
of CO
2
eq. per year. The Group publishes
an impact report for each allocation,
which provides a calculation of the
CO
2
emissions avoided or reduced.
maintenance CAPEX that is required of
the company, to exclude (i) sustainable
acquisition CAPEX, which is one of
the means for a company to green
its activities, and (ii) sustainable CAPEX
in minority interests that contribute
to market sustainability. Thus, to the
previous calculations, ENGIE adds
a calculation for growth CAPEX
(development and financial), which
gives results that are more relevant
with its 2022 strategy and for the
period 2023-2025, as illustrated below.
Amounts issued
Cumulative amounts issued Cumulative amounts allocated
Aligned Eligible
Growth
CAPEX
2023-2025
80%
76%
Growth
CAPEX
2022
72%
68%
CAPEX
taxonomy
2023-2025
67%
62%
Aligned Eligible
CAPEX
taxonomy
2022
58%
65%
OPEX
taxonomy
2022
50%
39%
Revenues
2022
25%
15%
2023 INTEGRATED REPORT - 47