Sustainable Finance Report 2024

The 2024 version represents a significant evolution of Gasunie's financing framework, transitioning from a primarily green financing focus to an integrated sustainability reporting approach. The document now encompasses both a Sustainability-Linked Bond Framework (updated to include climate targets and KPIs) and a Green Financing Framework, reflecting Gasunie's expanded commitment to net-zero operations by 2045. The framework has been broadened to include methane emissions and Scope 1, 2, and 3 emissions reduction targets, and the reporting structure now includes independent auditor assurance on allocation of proceeds.

• added Climate Target — Net zero commitment across Scope 1, 2, and 3 emissions by 2045, newly articulated in the 2024 Climate Plan
• added Climate Target — Specific KPIs introduced: Scope 1 and 2 greenhouse gas emissions reduction and methane emissions management targets
• added Standards Alignment — Sustainability-Linked Bond Framework now integrated into the financing structure with specific KPI targets for emissions reduction
• expanded Use of Proceeds — Framework expanded to support €8 billion investment in energy transition infrastructure through 2032, explicitly addressing hydrogen, CO2 transport, and heat grid infrastructure
• expanded Reporting — Enhanced reporting now includes limited assurance report from independent auditor on allocation of proceeds, plus impact reporting requirements
• clarified Eligibility Criteria — Distinct section added for 'Eligible Green Projects criteria' and separate enumeration of 'Eligible Green Projects' categories with explicit definitions
• modified Standards Alignment — Updated from Green Bond Principles (2021) and Green Loan Principles (2023) framework to integrated Sustainable Finance Report structure with Sustainability-Linked Bond Framework as primary governance tool