Duke Energy launches new sustainability financing framework

By Rebecca Melvin

Concord, N.H., Nov. 2 – Duke Energy Corp. announced it is launching a new sustainable financing framework to fund eligible green and social projects and as part of its clean energy transition, according to a company release on Tuesday.

The new framework enables the company to issue green and sustainability bonds, loans and other financing instruments.

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

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

S&P Global provided a second party opinion regarding the alignment of the framework to the 2021 Green Bond Principles, Social Bond Principles, and Sustainability Bond Guidelines, as administered by the International Capital Market Association.

The energy holding company is based in Charlotte, N.C.

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