EDP is the first company in the electric sector to join the Pact for Sport
São Paulo, May 30, 2018 - EDP is the first company in the Brazilian electric sector to join the Pact for Sports, a voluntary agreement between sports sponsoring companies that defines rules and mechanisms in relationships between investors and entities (confederations, federations and clubs). Upon accession, the Group reinforces its commitment to transparent measures aimed at the development of national sport.
At the objective is to strengthen the Company self-regulatory tools that define good practices in governance and integrity for the execution of sponsorships made to the assisted entities. "The adhesion to the Pact demonstrates EDP commitment to stimulate Brazilian sport, ensuring that the investment is used correctly and safely," says João Paulo Mateus, director of Internal Audit and Compliance of the Company.
At the incentive to the sport is one of the pillars of the actions of social responsibility of EDP. Through its Institute, whose mission is to promote the social development of the communities where the Company operates, EDP already supports several projects and entities that use sport as a tool for social inclusion.
"It is a great achievement to announce the adhesion of companies of the size of EDP to the Pact for Sport. In this way, we have a group increasingly strengthened and engaged in contributing to the application of best governance practices to sports entities, building a more transparent and secure relationship between the parties, "says Magic Paula, president of Athletes in Brazil , the organization responsible for the Executive Secretariat of the Pact for Sport.
About EDP in Brazil
With more than 20 years of experience in the country, EDP is one of the largest private companies in the electricity sector operating throughout the entire value chain. The Company, which employs more than 10,000 employees and contractors, has 15 hydroelectric generation units and one thermoelectric power plant, and serves around 3.4 million customers in distributors in São Paulo and Espírito Santo, as well as acting in the areas of Transmission, Marketing and Energy Solutions. Recently, it acquired a stake in Celesc, in Santa Catarina, and stood out as a pioneer in the use of robotization of processes and artificial intelligence. In Brazil, it is a reference point in areas such as Innovation, Governance and Sustainability, having been for 12 consecutive years in the Index of Sustainability (ISE) of B3. It has a market value of about R $ 9 billion, three times higher than in 2005, when it opened its share capital on the stock exchange.
