Transparencia e informes

Informe Anual Integrado 2022

Lea el informe completo

Parte I
Informe de Gestión

Energy transition

Parte II
Demostraciones Financieras

renewables

Parte III
Informe del Gobierno de Sociedad

innovation

Parte IV
Informe de Remuneraciones

Clima

Parte V
Anexos

Clima
Otros informes 2022
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ESG Incidents

With the aim of ensuring greater transparency and granting additional context, EDP has set this section regarding specific ESG incidents.

ESG principles, policies, and practices play an essential role and increase their importance in the company strategies to address the needs and interests of their stakeholders.

However, these initiatives may not always avoid an ESG incident.The ESG incidents relate to one or more ESG indicators and are considered as controversies. Sometimes, these controversies could result in the payment of fines.

ESG
Active controversies
Tax controversy regarding sale of hydro portfolio
Investigation process about CMEC and DPH
São Manoel dam in Brazil
Abuse of market position
Vegetation management
Commercial Campaign EDP/Continente Plan
Tax controversy regarding sale of hydro portfolio
Last December 2020, EDP sold a portfolio of Hydro Power Plants in Portugal to a French consortium led by ENGIE. There is an ongoing investigation process about the tax implications of the transaction.
As always, EDP is collaborating with the authorities. EDP understands, considering reputable experts’ opinion, that the operation met all legal and tax requirements.
You may find the most recent details in here (page 88 of EDP’s 1st Half 2021 report)
Investigation process about CMEC and DPH
On 2 June 2017, EDP was made aware of the investigation being carried out by the DCIAP since 2012 regarding the amounts due to EDP for the early termination of the CAEs and the right of use over the DPH.
For further information, please see the latest update regarding this matter as well as EDP’s market notifications and public positionings.
You may find the most recent details in here (page 131)
São Manoel dam in Brazil
The São Manoel Hydroelectric Power Plant was built a few kilometers from the border of the Kayabi Indigenous Territory, inhabited by three ethnic groups (Kayabi, Apiaká and Munduruku).
The only indigenous manifestation involving the São Manoel Hydroelectric Plant took place at the end of 2017 and the claims were not related to environmental actions implemented by the Company. The controversial fact corresponds to
an isolated event and currently there is no other manifestation, and all actions foreseen in its Environmental Licensing Process are being implemented.
You may find the most recent details in here (page 155 and 157 of our 2022 Integrated Annual Report) and here
Abuse of market position
This case is related to the bidding strategy on ancillary services market of EDP Produção’s power plants.
In this context, the AdC imposes a fine of 48 million euros to EDP Produção, which is not a final decision as it is subject to appeal.
The proceeding is pendingThe proceeding is pending before the Portuguese Court of Competition, Regulation & Supervision. before the Portuguese Court of Competition, Regulation & Supervision.
According to the AdC-Autoridade da Concorrência (competition authority), between 2009 and 2013, EDP Produção allegedly limited the supply of secondary reserves by power plants under the CMEC regime.
In this regard, on 30/10/2019, EDP Produção submitted an appeal against AdC decision.
You may find the most recent details in here (page 88)
Vegetation management
E-REDES and some of its employees were accused in 2 legal cases, regarding to 2 wildfires that occurred in 2017 (Pedrogão) and in 2018 (Monchique).
Regarding Monchique, the fact-finding debate took place in 2022, where E-REDES and an employee presented their witnesses and discussed other proofs already offered in the written defence, based on which the judge decided
not to indict both, based on the facts in the charge made by the Public Prosecutor. This decision has become final, as no appeal was filled.
Regarding Pedrógão Grande, the criminal proceedings were against several defendants, including two E-REDES employees, but the collective court decided that there were no culprits. Although appeals were filed,
none of them was against the decision that acquitted the E-REDES employees. The appeal period ended, and the decision that acquitted the collaborators became final.
You may find the most recent details in here (page 14)
Commercial Campaign EDP/Continente Plan
EDP, S.A. and EDP Comercial were charged by the Portuguese Competition Authority (AdC) with entering into an alleged non-compete agreement with Sonae MC - Modelo Continente. This decision was appealed before the Portuguese
Competition, Regulation and Supervision Court (TCRS), which reduced the fines by 10%, to EUR 2.6 million and EUR 23.2 million, respectively. This TRCS decision was appealed before the Lisbon Court of Appeal. In April 2021,
this court referred the case back to the Court of Justice of the European Union, which scheduled the trial hearing for November 2022. The decision is pending.

Communications

For further information regarding this investigation, please see public information namely EDP's statements at CMVM (Portuguese Securities Market Commission), media, European Commission decisions.

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