Duke Energy Launches Sustainable Financing Framework to Fund Clean Energy Transition | Duke Energy


  • The new framework aligns with the company’s ESG priorities.

CHARLOTTE, NC – Duke Energy (NYSE: DUK) is launching a new framework that will help attract billions of dollars in investment in eligible green and social projects to drive the company’s clean energy transition – the most ambitious in the world sector.

The new Duke Energy Sustainable financing framework defines the areas of investment aligned with the company’s clean energy strategy, further enabling it to issue green and sustainable bonds, loans or other financing instruments.

“We are committed to ensuring a clean energy future for our customers and our communities,” said Lynn Good, President, President and CEO of Duke Energy. “Our long-term investment strategy is part of the solution and will deliver sustainable environmental, social and customer benefits as we work to achieve our net zero goals.”

Since 2018, Duke Energy has issued $ 2.3 billion in green bonds. The framework reinforces the company’s commitment to sustainable financing and broadens the scope of eligible investments to align with the company’s environmental, social and governance (ESG) priorities.

Eligible projects include renewable energy, energy efficiency, advanced grid technology, and expanded opportunities for various suppliers and small businesses.

Duke Energy engaged S&P Global to provide a second party opinion regarding the alignment of the framework with the 2021 Green Bond Principles, Social Bond Principles and Sustainable Bond Guidelines, as administered by International Capital Market Association.

The opinion of the second part can be found here.

Shaping a sustainable energy future

Eligible projects will deliver long-term sustainable value for shareholders, customers and other stakeholders.

Duke Energy is leading the largest and most ambitious clean energy transition in North America, working with stakeholders across all of its service territories. The company has set company-wide emission reduction targets: reduce carbon emissions from electricity generation by at least 50%, achieve zero net methane emissions from its operations distribution of natural gas by 2030 and achieve net zero emissions from electricity generation by 2050.

Duke Energy is focused on achieving these goals in a way that also supports our communities and society as a whole. This includes sustaining a diverse and inclusive workforce, investing in diverse suppliers, creating jobs and investment in the communities it serves, and ensuring that the transition to an energy cleaner takes place in a manner that is safe and fair for everyone involved. Learn more about Duke Energy’s ESG priorities.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, North Carolina, is one of the largest energy holding companies in the United States. Its electric utilities serve 7.9 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively have 51,000 megawatts of energy capacity. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. The company employs 27,500 people.

Duke Energy is implementing an aggressive clean energy strategy to create a smarter energy future for its customers and communities – with targets of at least 50% carbon reduction by 2030 and zero net carbon emissions by 2050. The company is one of the leading renewables in the United States. supplier, on track to own or purchase 16,000 megawatts of renewable energy capacity by 2025. The company is also investing in major power grid upgrades and expanding battery storage, and is exploring zero-emission power generation technologies such as hydrogen and advanced nuclear.

Duke Energy was named to Fortune 2021’s “World’s Most Admired Companies” list and Forbes’ “America’s Best Employers” list. More information is available at duke-energie.com. The Duke Energy News Center contains press releases, fact sheets, photos and videos. Duke Energy lighting features stories about people, innovations, community topics and environmental issues. Follow Duke Energy on Twitter, LinkedIn, Instagram and Facebook.

Forward-looking information

This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on the beliefs and assumptions of management and can often be identified. by terms and sentences. which include “anticipate”, “believe”, “intend”, “estimate”, “expect”, “continue”, “should”, “could”, “could”, “could”, ” plan ”,“ plan ”,“ will ”,“ potential ”,“ forecast ”,“ target ”,“ orientation ”,“ perspective ”or any other similar terminology. Various factors may cause actual results to differ materially from results suggested in forward-looking statements; therefore, there can be no assurance that such results will be achieved. For more details on the uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements, see our 2019 Form 10-K and our quarterly reports on Form 10-Q filed with the SEC and available from the SEC. website at sec.gov. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements may not occur or may occur to a different extent or at a different time than described. Forward-looking statements speak only as of the date on which they are made. Duke Energy expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

Media contact: Meredith Archie

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