Green Finance Framework
The allocation table at year-end 2021 is included. This is the updated version of the table as included in the 2020 Green Finance Report
dated 15 September 2020. Download the Green Finance Framework (GFF).
| Allocation table: use of funds available from green financing facilities € million |
Net carrying amount | Weighting factor | Weighted sum |
|---|---|---|---|
| Electricity network (distribution network and connections) | 3,537 | 33% | 1.181 |
| Total renewable energ | 3,537 | 33% | 1.181 |
| Smart meters | 530 | 100.0% | 530 |
| Fibre optic network | 67 | 100.0% | 67 |
| Total energy efficiency | 580 | 100.0% | 580 |
| Duiven office building | 67 | 100.0% | 67 |
| Total green buildings | 67 | 100.0% | 67 |
| Total green asset portfolio | – | – | 1,828 |
| € million | Instrument (ISIN) | Date of issue | Maturity date | Principal sum |
|---|---|---|---|---|
| Green bond loan | XS1400167133 | 22/04/2016 | 22/04/2026 | 300 |
| Green bond loan | XS2014382845 | 24/06/2019 | 24/06/2032 | 300 |
| Green private loan | XS2152901315 | 08/04/2020 | 08/04/2035 | 100 |
| Green bond loan | XS2187525949 | 10/06/2020 | 10/06/2030 | 500 |
| Total green financing | 1,200 |
The table indicates that the net carrying amount of green assets at 31 December 2021 is €1,828 million. This represents an increase of €356 million since 31 December 2020. As a result, €628 million in green financing capacity was available as at year-end 2021. No new long-term green financing was arranged in 2021.
The weighting factor for the renewable energy asset category as at year-end 2021 has been determined as 33,4% (source: energieopwek.nl). This relates to the share of renewable energy generation in the total production capacity for electricity in the Netherlands. Rather than using green financing for our entire electricity grid, we have decided to invest these funds solely in the part used to transmit green electricity.