Duke Energy is creating a new framework to assist attract billions of dollars in investments in qualifying green and social projects to help fund the company’s ambitious clean energy transition. The new Sustainable Financing Framework from identifies the investment sectors that are aligned with the company’s clean energy plan, allowing it to issue green and sustainability bonds, loans, and other financing instruments. has issued $2.3 billion in green bonds since 2018.
The Framework reinforces the company’s commitment to sustainable financing and expands the area of eligible investments in order to fit with the company’s environmental and social responsibilities. Lynn Good, Duke Energy chair, president and chief executive officer, said, “We’re committed to a clean energy future for our customers and communities. Our long-term investment strategy is part of the solution and will provide sustainable environmental, social and customer benefits as we work to achieve our net-zero goals.”
Renewable energy, energy efficiency, sophisticated grid technology, and expanded opportunity for diverse suppliers and small businesses are all eligible projects. Duke Energy hired S&P Global to offer a second opinion on the Framework’s compliance with the International Capital Market Association’s 2021 Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines. Shareholders, customers, and other stakeholders will benefit from eligible projects in the long run.
Duke Energy is driving North America’s largest and most ambitious renewable energy transformation, working with stakeholders across all of its service territories. The company has established corporate-wide emission reduction targets of at least 50% reduction in carbon emissions from electricity generating by 2030, net-zero methane emissions from its natural gas distribution companies by 2050, and net-zero emissions from electricity generation by 2050. Duke Energy is committed to attaining these objectives while also benefiting our communities and society as a whole.