As a major energy network company, we have an important social function in Dutch society. Consequently, our social, financial and sustainability performance plays a significant role in the considerations of shareholders and investors. Having a sound financial position enables us to perform accordingly.

Related topics

This chapter details what we do to ensure that our financial position is sound and remains so in the future. The information relates to the topics the stakeholders feel are important. Furthermore, these activities contribute to achieving an SDG:

Related material issue

H) Socially responsible investment policy

Contribution to SDG
Related stakeholder groups

Customers, shareholders and investors

Objectives and results for creditworthiness

Credit rating

Result in 2020:
S&P AA-/A-1+/stable outlook
Moody’s Aa2/P-1/stable outlook

2020 target:
To retain a solid A rating profile

S&P AA-/A-1+/stable outlook
Moody’s Aa2/P-1/stable outlook in 2019

FFO/net debt

24.1% 2020 result
≥ 20.0% 2020 objective

29.0% in 2019

Interest cover

14.2 2020 result
≥ 3.5 2020 objective

13.3 in 2019

Net debt/(net debt + equity)

38.7% 2020 result
≥ 60.0% 2020 objective

36.5% in 2019

Solvency ratio

53.1% 2020 result
≥ 30.0% 2020 objective

55.6% in 2019