The appropriate energy solutions for the different markets in which EDP operates require a simultaneous response to a number of challenges:
- Market liberalization in the context of increasingly globalized, competitive, and regulated economies;
- Worldwide growing energy demand and the ensuing need for innovation and optimized resource management;
- Greater scrutiny from society regarding social and environmental management;
- The need to reduce the company's ecological footprint and to cooperate in fighting both climate change and biodiversity loss around the world;
- The need to strengthen the trust of various stakeholders in corporate governance systems.
In order to meet these challenges, EDP has established a set of sustainable development principles to be applied in different areas:
1. Economic and social value
- To continuously create value for shareholders.
- To improve resource use efficiency and reduce risk exposure.
- To improve the company's competitiveness, in particular by providing top-notch services and anticipating customer expectations and needs.
- To integrate environmental and social aspects into planning and decision-making processes.
- To contribute to improving the quality of life of local communities.
2. Eco-efficiency and environmental protection
- To promote the use of renewable energy sources and of cleaner and more efficient energy technologies.
- To improve consumers' energy efficiency.
- To manage the impact of the company's activities by seeking a positive environmental balance.
- To actively contribute to environmental and biodiversity conservation.
- To improve environmental management practices across the value chain.
- To promote innovation and creativity while seeking new market opportunities and process improvements.
- To implement collaborative practices in all design, production and service delivery stages.
- To support energy-related research, technological development, and knowledge management.
4. Integrity and good governance
- To comply with legal requirements and ethical/deontological standards.
- To respect and promote human rights in our sphere of influence.
- To ensure participatory, competent and ethical governance practices.
5. Transparency and dialogue
- To ensure an open and trustful relationship with all stakeholders.
- To create communication channels for all stakeholders and to take their contributions and expectations into account.
- To report the company's economic, environmental and social performance in a transparent and objective way.
6. Human capital and diversity
- To promote integrity, rigor, individual responsibility and teamwork while encouraging diversity.
- To promote the development of employees' skills and to recognize excellence and merit.
- To improve the health, safety and well-being of all employees.
- To reject abusive and discriminatory practices, ensuring equal opportunities.
- To promote employee satisfaction and motivation.
7. Energy access
- To promote access to quality energy in a reliable and safe way.
- To adapt the company's commercial policies to each market's social specificities.
- To ensure equal access to energy and energy systems.
8. Social development and citizenship
- To promote social innovation while maximizing the activity's positive social impact.
- To support social and cultural initiatives based on transparent evaluation criteria focusing on the social return of invested resources.
- To cooperate in the development of sustainable societies.