The approach to relations with national and international institutions is carried out following legal requirements and in line with the principles of action established in the Code of Ethics, Integrity Policy and other internal provisions of the Company governing its relations with Stakeholders, to promote Transparency and Integrity in all the markets where EDP operates.
The EDP Group has an Interest Representation Policy, where all external activity is defined, its Governance stated and its transparency outlined. EDP’s responsible political involvement is clear: it is prohibited to finance local, regional or national political campaigns/candidates, as none of the Group companies makes monetary contributions or contributions in kind to political parties, candidates, campaigns, political candidacy structures or related persons or entities.
Notwithstanding this exclusion, the specific situation of EDP Renewables North America (EDPR NA) must be considered as, under the applicable laws and regulations, this subsidiary adopts mechanisms for the participation of its employees in political processes, having established a policy action committee (PAC) called "EDPR NA PAC". The EDPR NA PAC is fully funded by voluntary personal monetary contributions made by members of the PAC, which, following the applicable laws and regulations, is constituted by employees. Within this framework, decisions on political campaigns to be supported are approved by the PAC's Board of Directors, whose members are elected under the terms of applicable legislation and regulations.
EDP Group companies do not make any financial contributions to these funds and do not influence how these funds are allocated.
Nevertheless, covering important issues that affect EDP’s activities and/or Stakeholders, EDP participates in the processes of forming public decisions, and developing interactions with various institutions at national and international levels, intending to make known to the competent entities the legitimate interests of the Company and/or the sector, which EDP believes should be considered within the scope of the aforementioned processes of forming decisions.
Interests Representation includes the following activities:
- Lobbying activity: Lobbying is a legal and regulated activity in some markets in which EDP is present, notably in the United States of America and with the European Union Institutions. As such, and considering only and exclusively these markets, lobbying is the activity developed by the In-house Lobbyists and Lobbyists, as defined in this Policy.
- Business and trade associations or tax-exempt groups representing collective interests: This subgroup comprises business and trade associations or tax-exempt groups for the public construction of the processes of forming decisions (in particular, legislative and similar processes with an impact on the business) or sharing of knowledge (in thematic working groups), where EDP, or any of the companies to which the Policy applies, is a member.
- Others representing collective interests: This category comprises other Interest Groups not included in points a) and b) above that contribute in encouraging companies to develop activities envisaged in the scope of this Policy in the Stakeholder engagement process.
* concerns other occasional representation of interests' activities not included in the main types mentioned above.