EDP, a company that operates in all segments of the Brazilian electricity sector, won, for the sixth time, the 2019Transparency Trophy, being recognized for the quality of its financial statements. The award, granted by ANEFAC (National Association of Finance, Administration and Accounting Executives), distinguishes organizations with the best accounting practices.

Under the central theme “Brazil wants Transparency”, the EDP Group was selected in the category of companies with “net revenues over R$ 5 billion” and elected from more than two thousand enrolled by a judging committee made up of masters PhD courses in Accounting area from USP (Universidade de São Paulo), with the technical evaluation of the Foundation Institute for Accounting, Actuarial and Financial Research (FIPECAFI) and support from Serasa Experian.

At the evaluation criteria include: the quality and degree of the information contained in the statements and explanatory notes, the transparency of the information provided, the quality and consistency of the management report and adherence to accounting principles in the year prior to the award. 

“For EDP, a company that works tirelessly to meet the highest governance standards, the Transparency Trophy is the crowning achievement of a team that seeks excellence in accountability to our shareholders, partners and society in general”, says Henrique Freire, vice president of finance for EDP in Brazil.

About EDP Brasil

With over 20 years of experience, EDP is one of the largest private companies in the electricity sector operating throughout the value chain. The Company, which has over 10,000 direct and outsourced employees, operates in Transmission, Trading and Energy Services and has six hydroeletric generation units and one thermal power station. On Distribution, it serves around 3.5 million customers in São Paulo and Espírito Santo. Recently, EDP acquired a stake on CELESC, in Santa Catarina. In Brazil, EDP is a reference in areas such as Innovation, Governance and Sustainability, having been in the B3´s Corporate Sustainability Index (ISE) for 12 consecutive years.