EDP develops business relations with suppliers in accordance with strict ethical principles and conduct, paying particular attention to transparency, information security and conflict of interests.
The transactions of the EDP Group companies with related parties must comply with the rules in force in the Group. The decision makers of the EDP Group must not undertake or authorize transactions with entities with which they find they have a conflict of interest or in which parties related to those decision makers participate. The decision making processes on related party transactions must be documented in minutes or supporting document, and are the responsibility of the Corporate Centre or of each business unit regardless of their geographical location.
Employees who participate in procurement activities or have relations with suppliers must act in accordance with the EDP Group’s “Values and Commitments” and “Code of Ethics”, which consists of, in particular:
The “Procurement Guide” details the specific guidelines of these general principles concerning procurement. It establishes the following standards, among others:
Integrity, traceability and confidentiality of the information and internal and external documentation is ensured from the demonstration of the need for supply until its actual contracting. Strict internal procedures are established for this purpose.