The involvement of Stakeholders in the EDP Group is a strategic priority for maintaining open and transparent dialogue between the Company with its Stakeholders.
EDP's objectives are to build and strengthen relationships of trust, to share knowledge and relevant information, to anticipate challenges and identify new opportunities for cooperation with our Stakeholders.
When creating a Stakeholder Relations Policy, the EDP Group is also adopting a value creation approach for the various Stakeholders of the geographical areas in which it operates.
We seek to achieve this through four major Guiding Commitments: Understand, Communicate, Trust and Collaborate. These commitments embody a Policy that seeks to go beyond mere compliance with the formal requirements of the law in order to contribute to effective and genuine involvement of the Group's different Stakeholders. In order to support the implementation of this Relationship Policy, the Department of Institutional and Stakeholder Relations was established in April 2012, to act jointly and in coordination with the various Business Units in Portugal and in the other geographical areas, and with the various Corporate Centre departments, to enhance the effectiveness of the strategic relationship with the Company's Stakeholders.
We dynamically and routinely identify the Stakeholders that influence and are influenced by the Company and analyse and seek to understand their expectations and interests in the decisions that affect them directly.
We are committed to Promoting two-way dialogue with Stakeholders, through information and consultation.
We listen, inform and respond to Stakeholders in a consistent, clear, rigorous and transparent manner in order to build close, strong and durable relationships.
We believe that the promotion of a climate of trust with our Stakeholders is crucial for establishing stable long-term relationships.
Our relationship with Stakeholders is based on values such as transparency, integrity and mutual respect.
It is our ambition to collaborate with Stakeholders in building strategic partnerships that bring together and share knowledge, skills and tools, to promote the creation of shared value leading to competitive advantage.
EDP's Stakeholders are those entities or individuals that influence or are influenced by the activities, products and services of EDP. The EDP Group's Stakeholders are organised into four categories: Democracy, Value Chain, Market and Social and Territorial Context
1. Value Chain: Employees, Unions, Suppliers, Scientific Community, Customers, Consumer Associations and Business Associations.
2. Market: Competition, Financial Entities, Shareholders and Investors.
3. Democracy: Government, Public Bodies, Regulation, Parliament, Political Parties, International Institutions.
4. Social and Territorial Context: NGOs, Local Communities, Local Authorities, Media and Opinion Formers.