Corporate Social Responsability (CSR)
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Corporate Social Responsability (CSR)
EN
  • DE
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  • Sustainability Report
    Sustainability Report
    • Principles and strategy
      Principles and strategy
      • Principles
      • Business model
      • Shareholder structure
      • Values, principles, standards and code of conduct
      • Human rights
      • Materiality and objectives
      • Grid
    • Human resources
      Human resources
      • Approach to HR management
      • Work-life balance
      • Social dialogue and co-determination
      • Training
      • Remuneration policy
      • Equal opportunities
    • Occupational health and safety
      Occupational health and safety
      • Approach to occupational health and safety
      • Health and safety training
    • Society
      Society
      • Approach to stakeholder engagement
      • Community relations and public acceptance
      • Stakeholder dialogue
      • Cooperation and innovation
      • Community engagement
    • Environmental aspects
      Environmental aspects
      • Approach to environmental management
      • Nature conservation and biodiversity
      • Energy Consumption
      • Emissions
    • Economics
      Economics
      • Finance
      • Green bond
      • EU taxonomy
      • Local value creation
    • GRI

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  • DE
  • EN

  • Principles and strategy
  • Human resources
  • Occupational health and safety
  • Society
  • Environmental aspects
  • Economics
    • Finance
    • Green bond
    • EU taxonomy
    • Local value creation
  • GRI
Sustainability Report/Sustainability Report/Economics/Finance

Finance

Looking back, 2023 was a successful year for 50Hertz: the company can report an annual result of 220 million euros. The company also plans to continue financing the investments required for the additional grid conversion and expansion primarily via the capital markets - for example, the first green KfW loan totalling 600 million euros was procured in 2023. The "green loan" was provided by various banks at the end of March 2023 from the KfW's "Climate protection offensive for companies" programme. 50Hertz will use the loan to co-finance the Ost-6-1 offshore grid connection for the Gennaker wind farm off the coast of the Darß, which includes two offshore substations and three submarine cable systems. In 2023, the investment volume totalled 1.686 billion euros.

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