Transparency in institutional relations

approach

Transparency in institutional relations

EDP and its subsidiaries perform activities with the aim to make known its positions in order to raise the awareness of the policy makers and legislators about the interests of the Company and/or Business Sector. This activity includes either the participation in the main Sector/Industry associations, European and international, or the direct or indirect participation of the Company employees appointed/designated for that purpose, and also in what concerns EDP Group activity in the USA, through its subsidiary EDP Renewables, the awareness of people and specialized institutions.

The approach to the institutions (national, European or international) is supported in principles laid down in the Company internal regulations and, in particular, in the principles of integrity and transparency expressed in its Code of Ethics.

This interaction with these institutions allows expression of the positioning of the Company's interests and/or business sector in the drafting of policies and legislation and to make available the knowledge about the relevant aspects of the energy business and the entire sector.

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 concerning the activities of representation of interests of the EDP Group between 2014 and 2017:

 

  • Type of ativity of representation of interest
    2014
    2015
    2016
    2017
  • Type of ativity of representation of interest
    2014
    2015
    2016
    2017
    Energy sector and industrial associations
    1,990
    1,989
    1,978
    2,532
  • Type of ativity of representation of interest
    2014
    2015
    2016
    2017
    Awareness of people/specialized institutions (*)
    830
    1,032
    1,244
    1,043
  • Type of ativity of representation of interest
    2014
    2015
    2016
    2017
    Other
    371
    391
    329
    271
  • Type of ativity of representation of interest
    2014
    2015
    2016
    2017
    Total
    3,191
    3,413
    3,550
    3,845

Notes:

(*) The costs with the representation of interest refer to the activity of EDP Group in the USA, through its subsidiary EDP Renewables.

In 2017, the most suported representation of interest topics referred to the regulatory environment in Spain and to the impact of reforms in the USA market.

The table below contains the most relevant representation of interests organizations for 2017 :

  • Name
    Contribution 2017 (€)
  • Name
    Contribution 2017 (€)
    UNESA (Spanish Electricity Industry Association)
    867,395
  • Name
    Contribution 2017 (€)
    American Wind Energy Association
    309,735
  • Name
    Contribution 2017 (€)
    ELECPOR
    225,000
  • Name
    Contribution 2017 (€)
    Instituto Acende Brasil
    153,631
  • Name
    Contribution 2017 (€)
    SC Partners
    88,496