| Invested through |
|
|---|---|
| Asset Classes | Impact bonds |
| Impact strategy | Impact Equities and Bonds |
| ISIN code | XS2079678400 |
| Industry group | Utilities |
| Aligned with SDGs |
Stedin Holding (Stedin) operates as a financial holding company with activities in the energy sector. The company is engaged in the development, operation, and maintenance of natural gas and electricity distribution networks in the Netherlands. Its main areas are in the Randstad, including Den Haag, Utrecht, Rotterdam and the Rijnmond harbour and Botlek area. The company also maintains the network infrastructure in Kennemerland, Amstelland and Noordoost Friesland. The company was founded in 2000, has around 4,500 employees and is headquartered in Rotterdam, the Netherlands.
Investment rationale
To facilitate the integration of more renewable energy into the electricity grid, the network needs to be adjusted to deal with new challenges, such as increased volatility. Stedin as part of its power distribution business, implements programs to facilitate the integration of renewable energies into the grid. The company has several projects to test the transmission of hydrogen through its gas network in Uithoorn, Rotterdam Rozenburg and in The Green Village in Delft. In addition, Stedin has equipped more than 80% of its customers with smart meters. With these activities the company contributes to enable increased use of renewable energy and reduced energy use.
In total, 98% of revenues is aligned with the Energy Transition and 2% with the Resource Transition.
The contribution to the Resource Transition comes from 2% of proceeds allocated to the impact objective Environmentally Sustainable Management of Living Natural Resources & Land Use.
The contribution to the Energy Transition comes from 76% of proceeds allocated to the impact objective Energy Efficiency, and 21% of proceeds allocated to Renewable Energy.