EDP Brasil Internal Auditing Department is certified by the Brazilian and Spanish Institutes of Internal Auditors

Monday 11, January 2016

Due to its high quality standards, the Company's Auditing Department is the first to be certified in the energy generation and supply segment

In a further demonstration of the company commitment to transparency and ethics, the Internal Auditing department of EDP Brasil - a company engaged in electricity generation, trading and supply - has received the Quality Certificate issued by the Spanish and Brazilian Institutes of Internal Auditors - member institutions of the IIA (Institute of Internal Auditors).

EDP Brasil is now part of a select group of companies with such certification, and the first one in the energy generation and supply sector. Only nine Brazilian companies, from various sectors of the economy, are included in this list.

"The certificate attests to the commitment of our Internal Auditing department to quality and compliance with the strictest international standards. We are proud to be one of the few Brazilian companies with this certification," says EDP Brasil CEO Miguel Setas.

EDP Brasil adopts a series of strict internal control measures and meets all legal and regulatory requirements in the organization. Recently implemented measures include the creation of the Compliance Directorate in June 2014 in order to optimize the relation between the Internal and Legal Audit areas.

Certifications and Awards

EDP presence in Brazil has been guided by market information transparency and ethics. The Company has already received the following awards in 2015:

  • Transparency Award in the "Publicly-Traded Companies" category - > bestowed by the National Association of Finance, > Administration and Accounting Executives (ANEFAC).

  • Corporate Governance highlight with Honorable Mention - > Abrasca Award, bestowed by the Brazilian Association of > Publicly-Traded Companies.

  • "Best Companies for Shareholders 2015" award, bestowed > by Capital Aberto Magazine.

  • "Pró-Ética 2015" seal, an official accolade granted by > the General Union Comptroller (Controladoria-Geral da União - CGU), which is one of the > supervision bodies directly in charge of integrity, ethics, and > transparency.