Sustainability Commitments | edp.com

Category: Commitment

Year: 2004

EDP signed up to the UN Global Compact principles in 2004, and since then has annually reported its performance against the 10 Principles involved in this initiative, including:

• Renewable and accessible energies
• Gender equality
• Climate action
• Protecting life on land

Category: Positioning

Year: 2020

In this letter supporting inclusive multilateralism, presented at the United Nations General Assembly, EDP, together with other entities, committed to providing ethical leadership, to combating inequalities and systematic injustices by more inclusive, participatory and representative decision making at the different levels of the business, and to collaborating with the UN, Government and society to strengthen access to justice, ensuring transparency in reporting, providing legal security, promoting equality and respecting human rights.

Category: Commitment

Year: 2021

The Manifesto sets out of twelve action priorities framed around reducing, removing and reporting emissions and highlights the public-private collaboration required to drive climate action.

Category: Positioning

Year: 2022

EDP, through Global Wind Energy Council, was one of the companies to subscribe this letter to address the current energy security and climate change crises impacting communities around the world. It is asked to G20 policymakers to work with our industry to shift gears on the clean energy transition.

Category: Commitment

Year: 2009

Achieving carbon neutrality in electricity production in Europe by 2050 is a commitment that EDP officially made in 2009, when it signed a declaration organised by Eurelectric. In parallel with this goal, it is also to supply cost-effective and reliable energy through an integrated electricity market and to promote energy efficiency and the use of electricity as solutions for combating climate change. EDP is committed to achieving carbon neutrality in 2030.

Category: Commitment

Year: 2015

Signed in 2015 by EDP, the Caring for Climate statement reinforces our public commitments to combating climate change, as well as: working on energy efficiency; reducing the carbon footprint of products, services and processes; better understanding climate change for the EDP businesses; and becoming more actively involved with national Governments, intergovernmental organisations and with society with the goal of developing policies and measures that provide a structure enabling companies to contribute to the construction of a low-carbon emissions economy, resilient to the climate.

Category: Commitment

Year: 2015

In 2015, EDP accepted with the UN Global Compact various commitments aligned with the Business Leadership Criteria on Carbon Pricing, such as establishing an internal price for carbon, high enough to influence investment decisions, thereby contributing to a reduction of greenhouse gas emissions.

Category: Commitment

Year: 2017, 2020, 2021, 2023

EDP decarbonisation goals have been approved by SBTi (Science Based Targets initiative), for a Net Zero ambition in 2040. This recognition corresponds to the reduction of 90% of total greenhouse gas emissions throughout the value chain by 2040, with 2020 as the baseline.

Category: Commitment

Year: 2018

Through a public commitment, in which it joined the Task Force on Climate-related Financial Disclosures, EDP underlined its proactivity in the international Climate Agenda and its commitments to transparency of information relating to its decarbonisation strategy.

Category: Commitment / Positioning

Year: 2018

The Step Up Now campaign was prepared for COP24, where EDP reinforced its previously assumed commitments:

- To strengthen the level of ambition of the EDP strategy with a trajectory aligned with the Paris Agreement;

- To establish an internal carbon price, an initiative accepted at COP15, through the We Mean Business Coalition;

- To commit to the TCFD recommendations;

- To become Carbon Neutral in 2050.

Category: Commitment

Year: 2019

In 2019, EDP joined The Three Percent Club, through which a set of countries and partners commit to contributing to the global target of energy efficiency gains of 3% per year.

Category: Commitment

Year: 2019

In this statement, EDP commits to define strategies to achieve an emissions reduction trajectory aligned with the goal of limiting the average temperature increase to 1.5ºC. This commitment arose in the context of a campaign prepared to support the COP25 negotiations, organised by the UN Global Compact together with the We Mean Business coalition and the SBTi Initiative.

Category: Positioning

Year: 2020

EDP and other leading European energy companies wrote a joint letter to Mr. Frans Timmermans MEP, executive Vice-President of the Green New Deal, calling for the approval of an ambitious climate law, which recognises the benefits of an energy system based on renewable energy.

Category: Positioning

Year: 2020

In a statement endorsed by EDP, organised by Pascal Canfin, Chair of the European Parliament Environment Committee, 180 decision makers from politics, business, trade unions, NGOs and Think Tanks joined in an alliance for the green economic recovery.

Category: Positioning

Year: 2020

In a statement endorsed by EDP, organised by Pascal Canfin, Chair of the European Parliament Environment Committee, 180 decision makers from politics, business, trade unions, NGOs and Think Tanks joined in an alliance for the green economic recovery.

Category: Positioning

Year: 2020

In a letter addressed to Vice-President Timmermans, ten companies in the energy sector, including EDP, defended the importance of green hydrogen as an efficient solution to support decarbonisation.

Category: Positioning

Year: 2020

RE-SOURCE, WBCSD, Wind Europe, RE100, CDP and WBCSD signed a letter responding to the European Union recovery plan, positioning renewable energy as a strategic vector for the economic recovery. This was signed by EDP and approximately 50 other companies in the sector.

Category: Positioning

Year: 2020

EDP signed the Corporate Leaders Groups (CLG) CEO Letter, addressed to all European Heads of State and Governments, asking for greater ambition in setting European GHG emissions reduction targets to achieve by 2030 a reduction of at least 55% compared with 1990.

Category: Positioning / Open Letter

Year: 2021

EDP signed the Business Letter of support to the Biden-Harris Administration, through the coalition of the We Mean Business and Ceres organisations. The letter was written by business leaders with significant presence in the United States of America (USA), asking for the adoption of a target of, at least, 50% reduction in emissions by 2030, a target that is credible, achievable and in line with the goal of achieving neutral emissions in the country by 2050.

Category: Positioning

Year: 2021

EDP, in the role of investor, joined the CERES non-governmental organisation and hundreds of companies and non-profit organisations to call on the US Securities and Exchange Commission (SEC) to establish a minimum climate reporting standard.

Category: Positioning

Year: 2021

EDP signed an open letter to the G20 leaders calling for greater climate ambition at the G20 Summit 2021 (held in Rome, 30-31 October).   The letter underlines the need for greater political ambition from G20 leaders to include a set of public political recommendations to achieve the 1.5ºC target and accelerate business action.

Category: Commitment

Year: 2021

The Energy Compact presented by EDP, the only Portuguese company invited to participate in the UN Global Compact, included the commitments adopted by the Group: to be 100% green by 2030 and carbon neutral by 2025. Accordingly, these have now also been recognised by the UN. In parallel, EDP committed to invest €22.5 million over the next five years in access to energy projects in developing countries.

Category: Positioning

Year: 2021

In the context of preparations for COP26, the Carbon Pricing Leadership Coalition prepared an open letter with the goal of setting a carbon price. The letter underlines the need to unblock financing and investment to boost a truly green economy and begin a change in policies to set a true price for carbon pollution.

Category: Positioning

Year: 2021

Together with another 25 companies and 47 countries, including Portugal, EDP committed to accelerating the transition to renewable energy and abandoning the use of coal. The goal is to complete this process in the decade of the 2030s in the most developed countries and in the 2040s in other countries.

Category: Positioning

Year: 2022

EDP joined the call to maintain the revision of the Renewable Energy Directive (REDIII) only for RH2 (without the inclusion of low-carbon hydrogen) and to support ambitious goals connected to renewable hydrogen/RFNBO for industry and transport, as proposed by the European Commission (EC), which are currently under threat.

Category: Positioning

Year: 2022

The Corporate Leaders Group (CLG) prepared an open letter supported by organisations including the Science Based Target Initiative, to be signed by different companies, addressed to the President of the European Commission (EC) and Heads of State and Governments of EU Members States before and relating to the publication of the REPowerEU Plan by the EC.  The letters states that given the devastating invasion of Ukraine, the EU should act rapidly to reduce its dependence on Russian fossil fuels and to address the increase in energy prices.

Category: Commitment

Year: 2022

The Porto Climate Pact aims to awaken the action of citizens and organisations and create a large learning, sharing and mutual support community. EDP was one of the signatories and among the commitments is to establish and share concrete actions to reduce emissions.

Category: Positioning

Year: 2022

It is crucial that governments take the action necessary to keep global temperature rise to 1.5°C. Over 200 business leaders and major civil society voices reaffirm their own commitment to limit global temperature rise to 1.5°C and call on governments to urgently pursue delivery. EDP was one of the companies subscribing this statement.

Category: Commitment

Year: 2018

The TDA is an alliance bringing together countries, cities and companies around the common objective of accelerating the transformation of the transport sector into a decarbonised (net zero) system by 2050. Portugal is a member state. To join this alliance, EDP committed to:

- Making a public commitment to accelerating transport decarbonisation actions to make the sector “zero net emission” as soon as possible and in accordance with the 2050 target established in the Paris Agreement;

- Providing updated information about its objectives, actions, progress and experiences in transport decarbonisation;

- Promoting the directives and actions in the Global Macro-Roadmap: An Actionable Vision on Decarbonized and Resilient Transport developed by the Paris Process on Mobility and Climate (PPMC), as well as other tools provided by the TDA ecosystem;

- Actively contributing to promoting the objectives of the TDA.

Category: Commitment

Year: 2018

EV100 is part of a growing family of initiatives developed by The Climate Group and its partners with the objective of establishing a low-carbon business model for the XXI century. This campaign, therefore, unites different companies committed to leading the transition to electric mobility. One of the established objectives is the electrification of the fleet by 2030 (100% of vehicles up to 3.5t and 50% of the vehicles between 3.5t and 7.5t).

Category: Posicionamento

Year: 2019

This initiative was developed in the context of the Community of Interest (Col) on Urban Freight with the purpose of accelerating the adoption of clean, zero emissions urban transport, simultaneously promoting air quality and contributing to achieving the targets in the Paris Agreement on climate change.

Category: Commitment / Letter

Year: 2019

In this letter, EDP commits to cooperating with other signatories to increase access to a more decarbonised, accessible, safe, clean and reliable urban mobility.

Category: Commitment

Year: 2019

This Pact will be put into operation by implementing a set of Actions (commitments) to be chosen by the signatory companies. EDP has committed to 16 actions, from electric mobility to accessibility solutions.

Category: Positioning/Letter

Year: 2021

EDP is one of the signatories of this letter directed to various European Commissioners and other stakeholders, with the principal objective of informing and influencing the principal political decision-makers in the European Union (EU) on specific points in the legislative proposals that are to be prepared in the context of Fit for 55, relating to promoting the adoption of an ambitious legal and regulatory framework for electric vehicles.

Category: Positioning/Letter

Year: 2021

EDP, via ChargeUp Europe and Eurelectric, signed a letter with significant recommendations about electrification of fleets and the right to plug. It is crucial that the Energy Performance of Buildings Directive includes a “right to plug” for owners and tenants. The letter urges the European Commission to maintain this approach in the upcoming reviews of the Alternative Fuels Infrastructure and Energy Performance of Buildings Directives, as well as the new Urban Mobility.

Category: Commitment

Year: 2021

EDP, via EV100, signed a commitment to quickly accelerate the transition to zero emissions vehicles to achieve the objectives of the Paris Agreement. The goal is for all sales of new cars and vans to be zero emission globally by 2040, and by no later than 2035 in leading markets.

Category: Letter

Year: 2022

The EV100 initiative of The Climate Group, prepared a letter from the industry calling Members of the European Parliament and the Governments of the Members States to adopt, in the context of the “Fit for 55” legislation, the progressive elimination across the EU of sales of new internal combustion passenger cars and vans (light commercial vehicles) (including hybrids) by 2035.

Category: Letter

Year: 2021

EDP was one of the signatories of a letter of support for the taxonomy limits based on climate and environmental sciences. The life-cycle intensity limit of 100g CO2e / kWh is a substantial contribution to climate mitigation.

Category: Commitment

Year: 2021

EDP is one of 58 companies to join the UN Global Compact CFO Taskforce, representing combined market capitalisation equivalent to more than USD 1.6 billion, committing to integrate Key Performance Indicators (KPIs) to measure their progress in implementing the CFO Principles for Integrated SDG Investments and Finance.

Category: Letter

Year: 2021

EDP signed this statement that supports the possible creation of the International Sustainability Standards Board (ISSB) by the International Financial Reporting Standards (IFRS) Foundation and calls on the European Commission to ensure constructive cooperation between the future European body for defining sustainability standards, the EFRAG and the ISSB to ensure global alignment of the sustainability reporting standards.

Category: Positioning

Year: 2023

Through We Mean Business Coalition, EDP was one of the companies to join the sign-on statement to send a collective message from companies and investors that climate change and other sustainability threats are material risks that should be considered in corporate and investor decision-making.

Category: Positioning

Year: 2016

In May 2016, EDP approved a Public Commitment, under the PDL of 24/05/2016, not to build generating assets within areas classified as Natural Sites on the World Heritage List "EDP Group will not build any new generating assets in areas classified as Natural Sites on the World Heritage List, or in adjacent areas that may affect those sites." Public information on the EDP website
  A recent benchmark did not identify any other companies in the electricity sector making similar commitments. Companies that have made these commitments: Shell, Total, BP and 22 extractive companies belonging to the International Council on Mining and Metals8 8 Information accessed at: unesco & Wiley Online Library

Category: Positioning

Year: 2018

A public commitment approved in the meeting of 21 May 2018, attached to Minutes 20 of the meeting, demonstrates the aim to integrate good management practices for biodiversity loss arising from the Group's activities. This has been recognised by the DJSI Index giving a score of: 100/100. EDP will work to show the impact of its implementation.
  According to the literature,9 there are approximately 66 companies with commitments and ambitions to achieve No Net Loss, although the majority are in the extraction and mining sector.

Category: Positioning

Year: 2020

EDP has joined the Lisbon European Green Capital 2020 pact, through the letter signed by the CEO (PDL DSS 09/01/2020), which, in addition to the goals set in the Corporate Mobility Pact for the City of Lisbon, contributes directly to the 2030 goals set for the City, by acceptance of various commitments.
  Around 240 companies with a presence in the city of Lisbon have joined this initiative, notably: Acciona, EDF, Engie, BP, Efacec and Brisa.

Category: Positioning

Year: 2020

PDL 16/07/2020 approved EDP joining the "Act4Nature – Portugal, companies for sustainability" initiative (organised by BCSD), originating from the Act4Nature International initiative, which aims to mobilise and encourage companies to protect, promote and restore biodiversity. EDP belongs to the Steering Committee that governs this initiative – _PDL 0017/2020/DSS. The requirements for joining Act4Nature - Portugal are: adopting 10 general commitments, common to all members, supplemented by individual commitments:
  The initiative was launched with the involvement of 17 Portuguese companies: Jerónimo Martins, Ana Aeroportos, A Navigator, REN, Altice, CTT and Amorin. The Initiative builds on Act4Nature France, where the commitments have been made by companies including: EDF, Engie and Total.

Category: Positioning

Year: 2020

Business4Nature is an international coalition of large non-governmental organisations and Think Tanks, including the World Economic Forum, WBCSD, IUCN, WWF, WRI and the University of Cambridge. It aims to become a platform for sharing good business practice in this field and for influencing global policy. The next milestone in the campaign will be on 21 September, at the 75th UN General Assembly, where the companies will make a joint call for implementing actions and policies to reverse nature loss. The names of the companies signing up to the Call to Action and the total number will be announced at the event.
  EDF and Eletrobras are, so far, known to be supporting this Call to Action. Notable supporters from other sectors include SONAE, Unilever, CITI, AXA RaboBank, AngloAmerican, H&M and Nespresso.

Category: Positioning

Year: 2022

The UN Global Compact (UNGC), of which EDP has been a member since 2004, has developed the 9 Principles for a Sustainable Ocean that provide a framework for sustainable business practice across all industries and regions. These principles are based on and complement the 10 Principles of the UNGC, which EDP has already endorsed, regarding human rights, employment practices, the environment and anti-corruption. Together with the sectoral Practical Guidance for Implementation and the Ocean Stewardship 2030 report, the principles are a guide for corporations to make a positive contribution to the 2030 Agenda.

Signatories to these Principles accept the urgency and global importance of having healthy oceans and undertake to take measures to promote the well-being of the ocean for current and future generations under the initiative headings of "Ocean Health and Productivity", "Governance and Engagement" and "Data and Transparency". In practice, the signatories are expected to evaluate the impact of their activities on the health of the oceans and to incorporate the principles in their strategies and policies; consider sustainable business opportunities; take measures to prevent pollution and reduce the emission of greenhouse gases; to promote the circular economy; to respect human and employment rights and those of indigenous peoples in corporate activities related to the oceans; and, as appropriate, share scientific data relevant to significant research on the oceans and their mapping, among others.
  Eco Wave Power, Equinor, Iberdrola, Makeen Energy, Ørsted, PRESSERV and investors such as the Norwegian Sovereign Wealth Fund.