Green Financing

Home Investors Green Financing Green Financing We are demonstrating our commitment to financing projects that will support our net zero future ambition. In 2019, we issued Ireland's first corporate public green bond and have issued a number of subsequent green bonds since. As at 31 December 2024, 23% of total debt was made up of green bonds. ESB's Green Bond Framework We consider green bonds as an effective tool to channel liquidity into assets which facilitate the transition to low carbon electricity generation and reduce greenhouse gas emissions and therefore support our Net Zero by 2040 strategy. We believe that green bonds offer transparency to investors who wish to allocate funds to green assets, and in doing so support our transition to reliable, affordable, low carbon energy as well as adding a further diversity to our investor base. We use the net proceeds of our green bonds to finance eligible projects according to the ESB Green Bond Framework. Renewable Wind Farms We are developing a pipeline of onshore wind farm assets with more than 680MW at construction stage in Ireland and the UK, adding to our already 874MW in operation. Read More Smart Meter Roll Out ESB Networks has been tasked with the delivery of the National Smart Metering Programme, which involves upgrading all of Ireland’s electricity meters to smart meters, supporting Ireland's transition to a low carbon future by enabling the development of smart grids. Learn More Battery Energy Storage Projects We are at the forefront of developing battery systems, supporting the decarbonisation of Ireland's electricity system. We currently have more than 300MWs of battery storage capacity in operation in Ireland, making it one of the largest battery portfolios in Europe. Read More ESB Green Bond Framework 2023 PDF | 2.89MB Download ESB Green Bond Framework Second Party Opinion PDF | 0.55MB Download ESB Green Bond Presentation – September 2023 PDF | 2.41MB Download Previous Frameworks and Second Party Opinions ESB’s Green Bond Reports We commit to reporting annually on the environmental contribution of projects which are funded by our Green Bonds until the bond is fully allocated. ESB Green Bond Report 2024 PDF | 0.88MB Download ESB Green Bond Report 2023 PDF | 0.6MB Download ESB Green Bond Report 2022 PDF | 0.8MB Download ESB Green Bond Report 2021 PDF | 1.28MB Download ESB Green Bond Report 2020 - 2021 PDF | 0.36MB Download External review of our Green Bond Reports We have engagedSustainalytics to review the projects financed with proceeds from the Green Bonds and provide an assessment as to whether they meet the use of proceeds criteria and whether we complied with the reporting commitments in the ESB Green Bond Framework 2023, which is an update of the ESB Green Bond Framework 2019. ESB Green Bond Review Sustainalytics 2024 PDF | 0.17MB Download ESB Green Bond Annual Review Sustainalytics 2023 PDF | 0.22MB Download ESB Green Bond Annual Review Sustainalytics 2022 PDF | 0.18MB Download ESB Green Bond Annual Review Sustainalytics 2021 PDF | 0.2MB Download ESB Green Bond Annual Review Sustainalytics 2020-2021 PDF | 0.19MB Download ESB Green Bond Annual Review Sustainalytics 2019-2020 PDF | 0.15MB Download Sustainability Linked Loan ESG and Sustainability Responsibility Our annual sustainability reports along with our annual CDP score report outline how we are performing against sustainability targets. Our reporting is guided by the principles of materiality, inclusiveness and responsiveness. We use leading standards and methodologies for reporting, such as the Greenhouse Gas Protocol and Carbon Disclosure Project. All our reporting is available in our Sustainability Section as signposted below.    Sustainability Data Disclosures for 2024 Carbon Disclosure Score 2024 All Other ESB Reporting and Ratings Further Reading Results, Presentations & Investor Updates Our Investment Proposition  Investor Relations Contacts