EDP is committed to a low carbon economy, in accordance with the Paris Agreement and the European Union's obligations. EDP has anticipated the transformation of the electricity sector and is today at the forefront of climate transition. EDP is committed to phase-out from coal by the end of 2025, to reduce Scope 1 and 2 emissions intensity in 95% by 2030, and to be Net Zero by 2040, resulting in a 90% reduction in all emissions.
EDP is addressing the decarbonization challenge from the generation side with its investment in renewables, from onshore and offshore wind to solar, both on utility scale and DG.
EDP believes green finance and green bonds in particular are an important tool to encourage the transition to a low-carbon economy, giving financial backing to existing projects or new ones aimed at bringing about this transition.
You can find below detailed information on the EDP's Green Funding Strategy. Allocation and impact reporting of green proceeds can be found in EDP’s Integrated Annual Report.
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The EDP sustainability presentation, green finance framework and Second Party Opinion (“SPO”) (together, the "materials") are intended to provide non-exhaustive, general information. The materials may contain or incorporate by reference public information not separately reviewed, approved or endorsed by EDP and accordingly, no representation, warranty or undertaking, express or implied, is made and no responsibility or liability is accepted by EDP as to the fairness, accuracy, reasonableness or completeness of such information.
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