Combating climate change is an assumed commitment
The Paris Agreement established, for the first time, ambitious and global climate goals: “to keep the global average temperature rise well below 2 °C compared to pre-industrial levels and to continue making efforts to limit the temperature rise to 1,5 °C above pre-industrial levels”, as well as ensuring a neutral balance between the emissions and the removal through greenhouse gases (GHG) sinks, in the period from 2050 to 2100.
To achieve these goals, it is necessary to increase the current rate of decarbonization of the world economy by approximately five times, and the electricity sector will play a fundamental role in this transition, through the use of renewable energies and the promotion of electrification in the remaining sectors, in particular in transport, buildings (heating / cooling) and industry.
We want a future with less CO2 emissions
The CO2 emissions from our thermoelectric plants depend on numerous factors, including:
- Hydrological conditions, characterized by the Hydroelectric Productivity Index (HPI), which determine the greater or lesser use of hydroelectric plants;
- The mix of fossil fuels used (coal and natural gas);
- The market price of these fuels;
- The price of CO2 on the European Union Emissions Trading System;
- Taxes on fuel;
EMISSIONS BY SCOPE
1 Detailed information on climate strategy and performance can be found in the response to the CDP - Climate Change and in the annual R&C.
2 Based on global emission factors from different geographies.
3 Based on traders' emission factors.
We value international agreements and initiatives
Building a low carbon future is not the responsibility of one country, one company or one person. It is a task that is done together. For this reason, we partner with several international initiatives that promote the leadership of the business sector in building a future where everyone wants to live.
- The United Nations launched the 'Business Ambition for 1.5ºC - Our Only Future, which is the challenge of reducing emissions to ensure that global warming does not exceed 1.5 ° C. EDP was one of the 87 large global companies that made the commitment.
- Within the scope of the Science Based Target initiative (SBTi) we are committed to reducing specific emissions of scope 1 and 2 by 75% in 2030, compared to the levels of 2015 and emissions of scope 3 by 40% in the same time horizon. This objective, approved by SBTi as a science-based target, is in line with a decarbonization trajectory well below 2ºC.
- With the EURELECTRIC Declaration, we are committed to achieving carbon neutrality in Europe, in 2050;
- In line with the Business Leadership Criteria on Carbon Pricing, defined by the United Nations Global Compact, we adopted an internal carbon price;
- We commit to adopting the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), regarding the dissemination of information on the impact on business of climate change;
- Signing a letter of commitment, together with more than 150 major European companies and investors, calling on EU governments to support the ambition set out in the European Green Deal and to reduce greenhouse gas emissions by at least 55% by 2030.
We are hand in hand with society
In addition to the many initiatives we have set in motion to decarbonize our activities, we work on an ongoing basis with society and our customers to raise awareness about the importance of reducing emissions and improve energy efficiency.
The future is electric!
For the liberalized and the regulated market, we offer our customers a suite of solutions with competitive and sustainable products and services which avoid emissions in the end user's energy consumption.
Electric mobility is one of our strategic goals, as part of our commitment to sustainability and as an effective approach to tackle climate change. Therefore, we want to spearhead the transition to sustainable mobility and transport electrification.
Decentralized Solar Energy
We have installed over 90,000 photovoltaic modules in domestic and business settings across Portugal in 2019. These have produced about 25 GWh of solar energy this year, avoiding 123,000 tonnes of CO2 - the equivalent to traveling 818 million kilometers by car.
Moreover, we support projects and programs to help our clients make thought-out decisions. In Spain, for instance, we have launched a pilot project for a solar calculator that makes it possible to obtain a personalized quote based on the customer's location and consumption habits.
New services and products
EDP has been launching several new products and services, as well as options for fully electrifying customers' homes with energy-efficient equipment, combined with the reconditioning or recycling of end-of-life equipment.
An example of these measures is EDP Smart, in Brazil, a platform that brings together the entire portfolio of products and services for business and domestic customers in the free market.
In the Iberian Peninsula, we added large energy-efficient appliances to our product range.
And through Save to Compete, (in Portugal and Spain), we managed to provide accumulated savings of about 321 GWh, corresponding to a reduction of approximately 116,000 tonnes of CO2.
Moreover, focusing on solutions that contribute to the decarbonization of society, we have created green tariffs and CO2 compensation schemes.
Discover some projects offering innovative customer solutions
We are committed to change!
We are committed to decarbonizing our consumption
We at EDP know that we all play an important role in the sustainability of our planet, and we are strongly committed to decarbonizing consumption in our facilities.
For this reason, we have developed and implemented measures and projects to decarbonize our internal consumption. Get to know some of the goals and measures we have implemented:
Light-duty electric fleet
EDP has committed to electrify 100% of its light-duty fleet and 50% of its heavy-duty fleet by 2030.
Increasing the number of electric charges
We want to increase the number of electric car chargers in EDP buildings, as well to explore smart charging. To this end, we have installed a new technology at our headquarters, where we have more than a dozen charging stations connected to a backend cloud, which receives real-time data on the consumption of the entire building and on the solar energy generated by the photovoltaic system on the roof.
Reducing single-use plastics
Plastic is a material that has a huge impact on the environment, as it is not biodegradable. 8 million tonnes of plastic are dumped into the sea every year.
Because we monitor our environmental performance, we know that only 0.01% of the 862,000 tonnes of waste we produced in 2018 was plastic waste, and all of it was recovered (recycled and/or used for electricity production).
As for urban waste, and in order to comply with European laws and ensure the same level of responsibility in the various markets where we operate, we have committed to eliminating all single-use plastics within the EDP Group by 2022.
Using the sun's energy to power our buildings
We have committed to installing self-consumption photovoltaic systems in a significant number of administrative buildings in Portugal. So far, we have a total of about 430 kW installed in 23 buildings. For 2020, the installation of more solar photovoltaic systems is underway in 4 more buildings.