The approach to relations with institutions (national, European and international) is carried out in accordance with 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, in particular those of integrity, transparency and responsible political involvement.
This principle of responsible political involvement means prohibiting any contribution or association of the EDP brand with political parties, candidates, political campaign/candidacy structures or related people or entities, namely through the direct or indirect delivery of goods or provision of services on behalf of or representing EDP and the prohibition on using EDP resources for actions related to political processes. In this sense, although some of the legal regimes in force in countries where the EDP group operates allows this, none of the group’s companies made monetary contributions or contributions in kind to political parties.
Nevertheless, EDP participates in the processes of forming public decisions, developing activities with various institutions at the national, European and international level, with a view to bringing to the attention of public entities the legitimate interests of the Company and/or the sector, which it considers should be considered within the scope of the legislative processes.
The activities carried out in this context include:
• (1) in the United States of America and according to local legislation (USA), EDP Renováveis North America undertakes awareness raising activities for specialised individuals and institutions
• (2) participation in the main European or international Sectoral or Industrial Associations and
• (3) the direct or indirect Involvement of employees appointed/designated for this purpose. 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 (k€) concerning the activities of representation of interests of the EDP Group between 2017 and 2020:
* concerns other occasional representation of interests' activities not included in the main types mentioned above.
For the year 2020, the costs related to the representation of interests' activity carried out in this regard were 4.2 million euros, of note being the themes of decarbonisation of the economy, electric mobility, energy efficiency and security of supply.
The table below includes the most significant contributions to associations in 2020, under the diferent types of representation of interests' activities: