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Mobilising sustainable finance

In the race to meet global climate ambitions, mobilising institutional and private capital for green energy investments is more urgent than ever

On this page
Why is sustainable financing important?
What are we doing?
How are we doing?
Latest updates
Key information

Sustainable finance will help us to achieve sustainable growth.

 

Why is sustainable financing important?


As a renewable energy company, we’re committed to providing opportunities for our investors to invest in projects and activities that contribute to a more sustainable world.  


We fully support the integration of credible ESG information into investment decisions. We aspire to maintain strong ESG performance by continuing to integrate sustainability into everything we do.  

What are we doing? 

  1. We exclusively deploy green and sustainable long-term financing to advance our green transformation and build-out. The proceeds allocated from these issuances are directly linked to financing our projects and enable our investors to know that their investments create direct sustainability impacts.

  2. We use KPI-linked products to help support and incentivise business to meet our sustainability targets.

  3. We strive to deliver best-in-class reporting on the sustainability impacts of allocated green bond proceeds. We align our reporting with ratings and recognised ESG frameworks, including the EU taxonomy and upcoming Corporate Sustainability Reporting Directive (CSRD).

How are we doing?  


In 2022, we reported on our taxonomy-aligned activities for the first time, and we have an ambition to only invest in renewable energy projects that are EU taxonomy-aligned.


EU taxonomy-aligned revenue, CAPEX, OPEX, and EBITDA (%) 

EU taxonomy-aligned revenue, CAPEX, OPEX, and EBITDA (%)

Latest updates

We issued one new green hybrid security totalling EUR 750 million (DKK 5.6 billion), bringing our total issuance of green bonds to DKK 83.2 billion since 2017.

For more information, please see our green finance impact report 2024.

Key information 

 

Partnerships 

We engage in partnerships to collaborate closely with industry peers and to stay at the forefront of regulatory developments: 

  • Chairmanship of Eurelectric and European Federation of Energy Traders’ working group on sustainable finance 
  • Corporate Forum on Sustainable Finance  

 

International frameworks 

We base our reporting on international frameworks to ensure it’s transparent and aligned with best practices: 

  • EU taxonomy for sustainable activities
  • TCFD recommendations
  • Green Bond Principles – ICMA (International Capital Market Association)
  • Green Loan Principles – LMA (Loan Market Association), APLMA (Asia Pacific Loan Market Association) and LSTA (Loan Syndications and Trading Association) 

 

Governance 

Accountability for our sustainable finance efforts lies with our Chief Financial Officer.

 

Policies

Our sustainability efforts

Responsible tax practices

By being a responsible taxpayer, we support well-functioning societies, institutions, and regulations that are conducive to both people and business.

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