Universal Registration Document 2021

The above impacts are established using the methodological principles below:

generation capacity of financed projects: installed capacity at the end of the construction of each Eligible Project as defined in the project’s investment memorandum and updated as appropriate during the construction phase or at project commissioning;
expected output: generation forecast (the “P50”) taken into account when the investment decision of each Eligible Project is made;
avoided CO₂ emissions: the average emission factor per kWh of the electric system is estimated on the basis of the energy mix of the electric system and LCA emission factors of each generation The emission factor of the project corresponds to the LCA emission factor of the project’s production chain. The energy mixes are those published by the United States Environmental Protection Agency (EPA, eGRID 2018) for large power networks in the United States, Statistics Canada (2019) for the networks and provinces of Canada, and the International Energy Agency (IEA 2019) for other countries. LCA emission factors of each technology correspond to the median values established by the Intergovernmental Panel on Climate Change (IPCC) and published in its fifth assessment report (2014). The detailed methodology is available on request at the EDF group head office. It is important to note that (i) there is no single standard defining a methodology for calculating avoided CO₂ emissions and (ii) the expected output and, therefore, avoided CO₂emissions are estimated forecast data and not actual data.

Biodiversity

The table below presents the main monitoring indicators associated with biodiversity projects that have received financing through Green Bond financing. All of these projects were supported by EDF Hydro.

Year(s)	Amount financed (in millions of euros)	Category of the Green Bond framework	Project type	Number of projects considered ⁽¹⁾	Indicator	Indicator value
2020	2020 Amount financed (in millions of euros) 12	2020 Category of the Green Bond framework a. Projects and/or facilities that integrate the principles of the “avoid-reduce- compensate” approach (mitigation hierarchy) related to the mitigation of the impact of the Group’s activities on biodiversity.	2020 Project type Bringing reserved flows into compliance ⁽²⁾	2020 Number of projects considered ⁽¹⁾ 4	2020 Indicator Number of protected wildlife species benefiting from the project	2020 Indicator value 6
			Year(s) Ecological continuity (sediments, fish, semi-aquatic mammals) ⁽²⁾	Amount financed (in millions of euros) 17		Category of the Green Bond framework 17
			Year(s) Biodiversity partnerships	Amount financed (in millions of euros) 7	Category of the Green Bond framework Number of species targeted by partnerships	Project type 20
		Year(s) b. Restoration and/or “re-naturalising” of sites	Amount financed (in millions of euros) Decommissioning of facilities	Category of the Green Bond framework 1	Project type Number of protected wildlife species benefiting from the project	Number of projects considered ⁽¹⁾ 3
2017 – 2019 (financed by the Look Back)	2017 – 2019 (financed by the Look Back)Amount financed (in millions of euros) 16	2017 – 2019 (financed by the Look Back)Category of the Green Bond framework a. Projects and/or facilities that integrate the principles of the “avoid-reduce- compensate” approach (mitigation hierarchy) related to the mitigation of the impact of the Group’s activities on biodiversity.	2017 – 2019 (financed by the Look Back)Project type Bringing reserved flows into compliance ⁽²⁾	2017 – 2019 (financed by the Look Back)Number of projects considered ⁽¹⁾ 7	2017 – 2019 (financed by the Look Back)Indicator Number of protected wildlife species benefiting from the project	2017 – 2019 (financed by the Look Back)Indicator value 6
			Year(s) Ecological continuity (sediments, fish, semi-aquatic mammals) ⁽²⁾	Amount financed (in millions of euros) 22		Category of the Green Bond framework 16
		Year(s) b. Restoration and/or “re-naturalising” of sites	Amount financed (in millions of euros) Renaturation/ restoration including Ecosystem Services	Category of the Green Bond framework 1	Project type Area concerned (ha)	Number of projects considered ⁽¹⁾ 190
		Year(s)	Amount financed (in millions of euros) Decommissioning of facilities	Category of the Green Bond framework 1	Project type Number of protected wildlife species benefiting from the project	Number of projects considered ⁽¹⁾ 3

(1) Look Back and in 2020.

(2) A project at the Esterre dam has elements of compliance with reserved flows and ecological continuity; it is therefore counted for the calculation of the indicators for these two types of projects.

The impacts presented above are established on the basis of the following methodological principles:

the “number of protected wildlife species benefiting from the project” indicator is established on the basis of the lists of target species of the works attached to their execution files or the watercourse classification decrees, and the analysis of EDF naturalist experts. As these operations mainly concern aquatic environments, only aquatic and semi-aquatic species are counted, although these projects generally benefit a wider range of animal and plant species. If a species benefits several projects, it is counted only once;
the “number of species targeted by partnerships” indicator refers to species named in partnership agreements or activity reports (families of species are therefore not counted). Biodiversity partnerships cover a wide range of activities, from raising awareness to land management or carrying out naturalist inventories or ecological status diagnoses;
the “area concerned” indicator is measured in hectares (ha). It corresponds to the surface area of projects involving the re-naturalisation or restoration of environments.

Universal Registration Document 2021

6. Financial statements

Biodiversity