Elia Group

This award recognises a transmission system operator that has made decarbonisation central to its financing strategy. In 2025, Elia Transmission Belgium successfully placed a €500 million EU Green Bond, the first EU Green Bonds Standard-compliant bond issued by a Belgian company. The transaction attracted strong demand, achieving a six times oversubscription, and proceeds will be allocated exclusively to grid development projects fully aligned with the EU Taxonomy, directly supporting the integration of renewable energy and the build‑out of low‑carbon infrastructure.

Beyond financing, Elia Group delivered a €5.2 billion investment programme in 2025, reinforcing the infrastructure needed for a decarbonised, reliable and affordable energy system. The group advanced the world’s first artificial energy island in the Belgian North Sea, a key enabler for offshore wind integration, and published its first integrated annual report combining strategic, sustainability and financial reporting. For proving that grid operators can be active engines of system‑wide decarbonisation, Elia Group receives this recognition.

Score: 90

Reference: https://investor.eliagroup.eu/en/newsroom/2025/10/20251002_etb-eu-green-bond-2025-press-release