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E.ON Spells Out Green Bond Plan Amid Clamor for Ethical Debt

Green bonds to cover more than 50% of annual funding needs
European companies are issuing green bonds at record pace

Aerial Views Of The London Array Offshore Windfarm — Photographer: Simon Dawson/Bloomberg

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March 1, 2021, 9:33 AM UTCUpdated onMarch 1, 2021, 1:46 PM UTC

E.ON SE will strive to cover more than half of its annual financing requirements with green bonds as it taps booming demand from investors for forms of debt that can help protect the environment.

The German utility on Monday unveiled its new framework for issuing green bonds, it said in a statement. The plan will allow investors to back sustainable projects and help make E.ON’s energy systems cleaner and smarter, the firm said.