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Ethics

EDP's success is based on relationships of trust, which it has established over time with all stakeholders. This trust emerges from ethics.

We believe that ethics is imperative for sustained business success and for truly exercising responsible corporate citizenship, two areas in which EDP seeks to excel.

Ethical Management at EDP

 

At EDP, ensuring high levels of ethical awareness and standards, minimizing the risk of ethical malpractices and maintaining a culture that is consistent with our values and generates transparency, trust, and responsibility for the consequences of decisions and actions, are the established ethical management objectives.

Establishes the set of principles and values adopted by EDP, its employees, suppliers, and all those acting on their behalf, in any field of activity.
EDP's first Code was established in 2005 and has been revised regularly in accordance with the progress of the company.
 
Ethics ombudsman
Ombudsman
 
Manuela Silva
EDP Group ethics ombudsman
The Ombudsman receives complaints with regards to ethics that are sent to EDP and investigates and documents the procedure for each of them, with guaranteed confidentiality in relation to the identity of the claimant.
Ethical complaints concerning the actions of EDP employees or suppliers are assessed by the Ethics Committee, which then issues an opinion. The whole process of registering and managing ethical complaints is monitored by the General and Supervisory Board.

The Ombudsman monitors the processes until their closure and stays in constant contact with the complainant, particularly to inform him/her of the outcome of the complaint.
Complaints Management
1
ALLEGATIONS OF VIOLATION OF THE CODE OF ETHICS ARE REPORTED TO THE ETHICS OMBUDSMAN
The complaint may be made by any interested party (internal or external) by email, using the complaint form available for this purpose, or by letter.
2
THE ETHICS OMBUDSMAN RECEIVES THE COMPLAINT AND CARRIES OUT A SUMMARY INVESTIGATION
The Ethics Ombudsman contacts with the complainant, normally within 48 hours, to confirm receipt of the complaint; s/he carries out a summary investigation of the issues and sends a report to the Ethics Committee, omitting the identity of the complainant.
3
THE ETHICS COMMITTEE DECIDES WHETHER IT IS A VIOLATION OF THE CODE OF ETHICS AND IF ADDITIONAL INFORMATION IS NEEDED
If additional information is required, an investigation will be carried out with internal or external means as appropriate.
4
THE COMMITTEE SHALL ISSUE AN OPINION ON THE COMPLAINT AND THE MEASURES TO BE ADOPTED
This opinion is further validated by the Committee responsible for the issue in the General Supervisory Board, which monitors the entire process.
5
COMMUNICATION OF THE RESULT
Within a period not exceeding 3 months, the Ethics Ombudsman shall make further contact with the complainant to report the opinion of the Ethics Committee.

 

 

 

 

 

Register a Complaint
Evaluation of Ethical Performance
At EDP, ethical performance is assessed by taking account of matters such as stakeholder perception and the culture and management indicators that are consolidated in the Ethicis index, the Index of Corporate Ethical Performance.
In addition to this index, a report, exclusively on ethics, is published annually, outlining the most important initiatives related to ethics and presenting an assessment of ethics complaints in the Group. In order to improve performance, EDP annually compares its practices with those of companies who have achieved recognition in this area. The Ethisphere ranking is an example of this, with EDP being recognized in 2020, for the 9th year running, as one of the "World's Most Ethical Companies". Similarly, EDP has already achieved the maximum score in the area of "Bribery prevention" in the FTSE4Good index, maintaining an outstanding position in "Codes of conduct / Compliance / Corruption and bribery" in the Dow Jones Sustainability indexes.

ethics

Code of Conduct for Top Management and Senior Financial Officers

EDP Group has a global presence and is managed, worldwide, by men and women of different generations, cultures and patterns of behaviour. This diversity is valued and promoted as a wealth factor. The aim of the Code of Conduct for Top Management and Senior Financial Officers is to promote harmony and explain, internally and externally, the matrix of conduct in effect. This code of conduct does not replace the EDP Code of Ethics, but rather strengthens and complements it, using as a lens the responsibility and the power of the person who was called to assume the duties of Supervision, Administration and Top Management in the EDP Group.

documents
Reports
Case Studies
Ethics Ombudsperson Report 2019
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Ethics Annual Report 2018
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Ethics Annual Report 2017
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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EDP ethics programme case study
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Ethicis case study
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Case study on consistency between words and deeds (PT)
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