EDP and its subsidiaries perform activities with the aim of ackowledging its positioning towards raising the awareness of the policy makers and legislators about the interests of the Company and/or Business Sector. This activity includes either the participation in the main Sector/Industry associations, European and international, or the direct or indirect participation of the Company employees appointed/designated for that purpose, and also the awareness of people and specialized institutions in what concerns EDP Group's activity in the USA through its subsidiary EDP Renewables.
The approach to the institutions (national, European or international) is supported in the principles of action laid down in the Company's internal regulations and, in particular, in the principles of integrity and transparency expressed in its Code of Ethics.
This interaction with these institutions allows the positioning of the Company's interests and/or business sector in the drafting of policies and legislation and to make available the knowledge about the relevant aspects of the energy business and the entire sector.
In Europe, this activity is monitored by means of a voluntary registration on a platform created for that purpose by the European Comission - "Transparency Register".
EDP is registered since the creation of this platform in 2011.
In the following table we present the values concerning the costs per type of activities of representation of interests of EDP Group between 2014 and 2017.
Evolution of costs with the activity of representation of interest (k€)
(*) The costs with the representation of interest refer to the activity of EDP Group in the USA, through its subsidiary EDP Renewables.
In 2017, the most supported representation of interest topics concerned the regulatory environment in Spain and the impact of market changes in the USA.
In the table below, the most relevant organizations of representation of interest are listed for 2017: