Energy Efficiency in Buildings

27,621,904 euros of the proceeds of the sustainability bond issued in October 2022 were allocated to the category Energy Efficiency in Buildings. That equals 2.21% of the total nominal amount of the sustainability bond.

Flanders excludes fossil fuels financing, with the exception of the measures included in the legislation.

Are proceeds currently allocated to the Fund?

No proceeds are currently allocated to the Fund set up to help ‘emergency buyers’. The first expenditures occurred in 2021. However, the amount in 2022 was negligible. Therefore, it was decided not to include these proceeds.

How are projects related to energy loans financing prioritised?

Flanders gives priority to projects that improve the shell of buildings and contribute to reducing energy loss. Examples of such investments are insulation and high-efficiency glazing. Secondly, Flanders looks for projects that provide buildings with energy-efficient equipment, such as low-energy heating systems or relighting. Thirdly, Flanders selects projects that increase the use of renewable energy in a building, such as solar panels, solar water heater, heat pump, etc. Energy audits are ranked last.

How are projects related to My Renovation Loans financing prioritised?

My Renovation Loans have replaced the Energy loans since 1 September 2022. Firstly, Flanders prioritizes measures that limit energy losses, such as insulation. Secondly, Flanders selects projects that increase the use of renewable energy in a building, such as solar panels, heat pump, etc.

Want to know more about the allocation and impact of the allocated proceeds? Read every detail in our latest sustainability report.