economic dimension
Social investment

Therefore, the company voluntarily promotes programs with the community, in an effort to establish and strengthen continuous and lasting relationships based on dialogue and mutual benefit.

Social Investment Policy

EDP Group’s Social Investment Policy, is the guiding document setting out the strategy, references and four priority objectives for the activity:

  • Promote access to culture and art and protect cultural heritage;
  • Promote social inclusion and the adoption of sustainable ways of living, enhancing energy inclusion and access to energy;
  • Protect natural heritage and biodiversity;
  • Promote energy efficiency, renewable energy and decarbonization.

United Nations Sustainable Development Goals - SDG

In the scope of its voluntary investment, EDP contributes mainly to three United Nations Sustainable Development Goals:

EDP's 2020 Goals

Social investment is an integral part of the targets and commitments set out under EDP’s 2020 Goals. Therefore EDP Group commits to achieve the following targets for Social Investment.

Social Investment
Base year
Base
Objective 2020
2019
Social Investment
Investment in the promotion of volunteerism, social affairs and initiatives for sustainable lifestyles
Base year
2015
Base
n.a.
Objective 2020
100M€
2019
136M€
Social Investment
Percentage of employees participating in at least one voluntary action
Base year
2014
Base
19%
Objective 2020
20%
2019
24%
Social Investment
Total work hours volunteered
Base year
2016
Base
15,639
Objective 2020
20,000
2019
23,258
Social Investment
Total volunteer work hours - Volunteering for competencies
Base year
2016
Base
2,300
Objective 2020
3,300
2019
8,907
Social Investment
Number of competency volunteering programs
Base year
2014
Base
4
Objective 2020
8
2019
15

Strategic axes

The Social Investment goals are implemented giving priority to strategic axes. Through EDP’s Foundations and the various business units, proprietary and collaborative programs are developed with the Third Sector, that enhance corporate volunteering, mobilizing the skills of business units and employees, and promoting multi-stakeholder collaboration.

Education and awareness are essential means of achieving the goals, as well as the development of programs for local communities in the influence areas of the producing centers, in the distribution concession areas and in the client communities.

Volunteering is a fundamental pillar of the EDP Group's relationship with the communities and, at the same time, the development and motivation of its employees.
 

For more information:

Hydro and Thermal Production

EDP Renewables

EDP Brasil

Fundação EDP

Fundación EDP

Instituto EDP 

Measuring Community Investment

EDP measures its voluntary contributions to the community through the LBG (Measuring Community Investment) methodology.

In 2019, the EDP Group voluntarily invested around 26 million euros in the community, having contributed to the projects of 2,490 entities.

INVESTMENTS IN THE COMMUNITY (€)
2019 (1)
2018
2017
2016
2015
INVESTMENTS IN THE COMMUNITY (€)
CATEGORY
2019 (1)
23,650
2018
26,798
2017
27,337
2016
25,424
2015
25,879
INVESTMENTS IN THE COMMUNITY (€)
Nonstrategic investment
2019 (1)
1,534
2018
286
2017
822
2016
1,975
2015
209
INVESTMENTS IN THE COMMUNITY (€)
Strategic investment
2019 (1)
20,652
2018
24,443
2017
25,855
2016
21,99
2015
23,556
INVESTMENTS IN THE COMMUNITY (€)
Commercial initiative
2019 (1)
1,464
2018
2,069
2017
660
2016
1,459
2015
2,114
INVESTMENTS IN THE COMMUNITY (€)
NATURE
2019 (1)
23,650
2018
26,798
2017
27,337
2016
25,424
2015
25,879
INVESTMENTS IN THE COMMUNITY (€)
Education
2019 (1)
2,002
2018
3,58
2017
4,384
2016
3,014
2015
4,316
INVESTMENTS IN THE COMMUNITY (€)
Health
2019 (1)
1,545
2018
1,565
2017
1,519
2016
1,745
2015
1,814
INVESTMENTS IN THE COMMUNITY (€)
Economic development
2019 (1)
3,576
2018
5,795
2017
2,434
2016
2,637
2015
1,692
INVESTMENTS IN THE COMMUNITY (€)
Environment
2019 (1)
1,616
2018
1,057
2017
1,961
2016
1,617
2015
2,296
INVESTMENTS IN THE COMMUNITY (€)
Art and culture
2019 (1)
10,585
2018
10,749
2017
9,923
2016
10,361
2015
7,234
INVESTMENTS IN THE COMMUNITY (€)
Social welfare
2019 (1)
2,907
2018
3,231
2017
6,36
2016
5,226
2015
3,839
INVESTMENTS IN THE COMMUNITY (€)
Emergency response
2019 (1)
120
2018
19
2017
393
2016
24
2015
183
INVESTMENTS IN THE COMMUNITY (€)
Others
2019 (1)
1,299
2018
802
2017
363
2016
800
2015
4,505
INVESTMENTS IN THE COMMUNITY (€)
TYPE
2019 (1)
23,650
2018
26,798
2017
27,337
2016
25,424
2015
25,879
INVESTMENTS IN THE COMMUNITY (€)
Cash contributions
2019 (1)
19,320
2018
24,283
2017
24,375
2016
23,194
2015
23,289
INVESTMENTS IN THE COMMUNITY (€)
Kind contributions
2019 (1)
3,768
2018
61
2017
106
2016
250
2015
71
INVESTMENTS IN THE COMMUNITY (€)
Working time contributions
2019 (1)
562
2018
2,454
2017
2,856
2016
1,98
2015
2,519
INVESTMENTS IN THE COMMUNITY (€)
MANAGEMENT COSTS
2019 (1)
2,322
2018
1,007
2017
1,066
2016
1,387
2015
1,533
Notes:

(1) Determined according to the LBG methodology. Not yet validated by Corporate Citizenship. Data from 2014 has been rectified after LBG's audit, some projects having been valued and management costs reduced.

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Sustainability Report 2018
Sustainability Report 2017
Social Report 2016