E.on Se · XETR:EOAN
E.on — Debt Investor Presentation (March 2021)
24 slides from E.on's debt investor presentation, Mar 1, 2021
Slide 1: E.ON investor update: Towards an EU Taxonomy aligned Green Bond Framework
E.ON investor update: Towards an EU Taxonomy aligned Green Bond Framework 1 March 2021
Slide 2: Disclaimer
Disclaimer This presentation contains information relating to E.ON Group ("E.ON") that must not be relied upon for any purpose and may not be redistributed, reproduced, published, or passed on to any other person or used in whole or in part for any other purpose. By accessing this document you agree
Slide 3: E.ON Green Bond Framework presentation
E.ON Green Bond Framework presentation Dr. Marc Spieker Chief Financial Officer Member of the Board of Management of E.ON SE, Member to the EU Platform on Sustainable Finance Dr. Thomas König Chief Operating Officer – Networks Member of the Board of Management of E.ON SE 3
Slide 4: Contents
Contents 1 | E.ON Sustainability Update 2 | The new Green Bond Framework Framework advancement towards EU Taxonomy alignment 3 | Green activity overview 4
Slide 5: E.ON's two core businesses
E.ON’s two core businesses Energy Networks Customer Solutions ~€33bn Regulated Asset Base ~53m customers across Germany €21.9bn Europe2 Sweden €3.8bn Germany 13.9m CEE & Turkey €7.6bn1 UK 10.5m3 ~74 GW renewables capacity ~30% of adj. EBIT4 from connected to E.ON networks decentral energy infrastruc
Slide 6: Net zero is the new normal – E.ON is driving carbon reduction
Net zero is the new normal – E.ON is driving carbon reduction aligned with the Paris Agreement Global challenges E.ON’s contribution IPCC1 long term goal to limit global Avoided emissions together with our clients warming to 1.5°C 2019: >100m tons CO2 German greenhouse gas emissions to be cut One ou
Slide 7: E.ON to be climate-neutral by 2040
E.ON to be climate-neutral by 2040 Climate change is one of this century’s biggest challenges. As E.ON, we are part of the solution and we are committed to take action. We will reduce our Scope 1 and 2 emissions by 75% by 2030 and by 100 % by 2040 (vs. 2019). We aim to reduce our Scope 3 emissions b
Slide 8: E.ON's core businesses with a strong positive impact on SDGs
E.ON’s core businesses with a strong positive impact on SDGs Impact of our core business Stable, reliable and smart networks enable the energy transition, while innovative customer solutions help our customers become carbon neutral. 8
Slide 9: E.ON's sustainability efforts are well acknowledged – CDP A List
E.ON‘s sustainability efforts are well acknowledged – Climate transparency and performance recognized with CDP A List Rating: AA Text 1 4 Rated on a AAA to CCC scale High relative performance E.ON listed on ESG Risk Rating: 23.6 Text 2 1 Rated on a 0 to 40+ scale Rank 8 out of 55 in subindustry grou
Slide 10: Contents
Contents 1 | E.ON Sustainability Update 2 | The new Green Bond Framework Framework advancement towards EU Taxonomy alignment 3 | Green activity overview 10
Slide 11: One new Green Bond Framework
One new Green Bond Framework (replacing former E.ON / innogy frameworks) Green Bond Framework 2019 NEW EU Taxonomy aligned 1 • XS2047500769 • XS2152899584 ICMA GBS aligned • XS2103014291 • XS2047500926 Green Bond Framework 2021 One Framework for all Green Bonds • XS2177580508 • XS2047500769 •
Slide 12: EU Taxonomy alignment is basis for new Green Bond Framework
EU Taxonomy alignment is basis for new Green Bond Framework (ICMA Green Bond Principles alignment confirmed) EU Taxonomy defines activities contributing to six environmental objectives Draft Delegated Act published Sustainability hurdle for economic activities Do No Substantially CLIMATE CHANGE Sign
Slide 13: Do No Significant Harm (DNSH) criteria and Minimum Safeguards ensured
Do No Significant Harm (DNSH) criteria and Minimum Safeguards ensured Do No • 44 DNSH criteria apply to E.ON’s 12 Full alignment with all Significant eligible economic activities Harm to other applicable DNSH criteria1 • Detailed check of DNSH criteria by environmental SPO provider Sustainalytics
Slide 14: New Green Bond Framework overview
New Green Bond Framework overview (Framework structure in line with draft EU Green Bond Standard) Process for selection Green assets & Management of External of green green assets Reporting CapEx use-of-proceeds + & CapEx verification • All projects directly • E.ON will strive to maintain • Annual r
Slide 15: Green assets and capital expenditures – supporting the European decarbonization
Green assets and capital expenditures – supporting the European decarbonization Electricity Networks (DSO) Renewable Energy Energy Efficiency Clean Transportation All distribution infrastructure Renewable energy production Integrated on-site business EV charging stations and and equipment in the int
Slide 16: Contents
Contents 1 | E.ON Sustainability Update 2 | The new Green Bond Framework Framework advancement towards EU Taxonomy alignment 3 | Green activity overview 16
Slide 17: The transition towards a decarbonized energy world happens in the distribution grids
The transition towards a decarbonized energy world happens in the distribution grids Decentral & renewable energy is largely connected Our distribution networks enable the to distribution grids increasing decarbonization of customer needs, including the >40% of renewables housing and transport secto
Slide 18: Decarbonization varies by country – narrow definition applied for green financing
Decarbonization varies by country – narrow definition applied for green financing All consolidated E.ON distribution grids are part of the interconnected European system1 and thus EU Taxonomy compliant Only distribution grids that comply with additional assessment considered for green financing Addi
Slide 19: We enable decarbonization from renewable production to deep electrification of customers
We enable decarbonization from renewable production to deep electrification of customers • >50% of renewables in Germany connected to E.ON grids • Substantial build-out of renewables – in the northern parts even above local demand • >67% of new connections green in all regions • Increased peak load
Slide 20: Smartification & resource efficiency go hand-in-hand
Smartification & resource efficiency go hand-in-hand • In Sweden the renewables build out is very well advanced – 4.4GW of renewables connected only to E.ON grids Stockholm • We increase flexibility in managing our grids through digitalization and smart innovations allowing for more efficient use of
Slide 21: Eco-friendly management of power line corridors contributes to biodiversity
Eco-friendly management of power line corridors contributes to biodiversity and ecosystem protection Best practice above and beyond legal requirements E.ON’s power line corridors take up about 70.000 hectares contributes significantly to protection of carbon sinks and to SDGs (e.g. SDG 15 “Life on
Slide 22: Supporting our customers' decarbonization with renewable energy
Supporting our customers’ decarbonization with renewable energy Decarbonising Green H2 grid steel-production Kaiseresch1 connection H2 H2 → Sector coupling with focus on → Connection of green hydrogen commercial & industrial application: production2 to the existing gas distribution grid • H2-based m
Slide 23: Providing energy efficient solutions to our City and B2B customers
Providing energy efficient solutions to our City and B2B customers Medicon Village, Sweden The world‘s first ectogrid™ – a low temperature heat network with interlinked heat pumps providing all thermal needs Zero emission energy system – innovative solution for maximum waste heat recovery and effici
Slide 24: Summary
Summary • New Framework is ICMA GBP (2018) & EU Taxonomy aligned (+ Framework considers draft EU GBS) • Narrow definition of eligible projects ~€2-4 bn funding needs p.a. and going forward >50% Green Bonds eon.com/greenbond | eon.com/sustainability 24