EDP, a company that operates throughout the Brazilian electricity sector, was rated A- in the Carbon Disclosure Project (CDP) - Climate index, achieving its best ever result. Globally, CDP gathers sustainability data from 9,600 companies. EDP's performance in the ranking is above the world average for the sector, qualified at level B, and the global average, around C.

CDP is a non-profit institution that enables companies, cities and states to disclose their environmental impact, in order to generate data and encourage initiatives that promote a sustainable economy. It is considered one of the most respected organizations in environmental reporting, with the richest and most comprehensive dataset on corporate and urban actions.

“We are very proud to improve our performance in the CDP ranking. This reflects EDP's ongoing work to make sustainability a central theme in its business. In 2020, companies had to transform and raise their awareness of the role they play for the future of the planet. The CDP list crowns our efforts and demonstrates that we are on the right path”, says Dominic Schmal, Sustainability Manager at EDP in Brazil.

ESG commitments

In early December, for the 15th consecutive time, EDP was included in the list of the most sustainable companies on the Brazilian stock exchange, appearing in the Corporate Sustainability Index (ISE). The Company obtained above average scores in all dimensions of the questionnaire and was considered a benchmark in five of the seven dimensions (General, Social, Environmental, Economic and Nature of the Product).

In June, EDP submitted to the United Nations (UN) a commitment to reduce its emissions to ensure that global warming does not exceed 1.5°C, adhering to the Business Ambition for 1.5ºC – Our Only Future . The Company also joined  Recover Better , a global initiative that proposes to governments and organizations around the world to align their recovery and economic aid efforts related to the Covid-19 crisis based on the latest climate studies.

Also this year, Miguel Setas, president of EDP in Brazil, was announced by the UN Global Compact Brazil Network, as CEO spokesman for Sustainable Development Goal 11 (SDG 11) - Sustainable Cities and Communities - in the Leadership with Impact.

Also within the scope of the Brazil Network of the Global Compact, EDP Brasil assumed this year the coordination of the Action for the Climate Platform, an initiative that develops activities and projects aimed at mitigating global warming, adaptation and means of implementation, in addition to anchoring other related thematic and sector initiatives climate, such as energy and forestry projects. The platform comprises 98 institutions.

In addition, the Company subscribes to the Brazilian Business Commitment to Biodiversity, an initiative of the Brazilian Business Council for Sustainable Development (CEBDS) that endorses EDP's commitment to the prevention, mitigation and compensation of impacts on biodiversity, in addition to the generation of sharing of information on the topic.

About EDP in Brazil

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 more than 10,000 direct and outsourced employees, has six hydroelectric and one thermoelectric generation units, in addition to operating in Transmission, Commercialization and Energy Services. In Distribution, it serves about 3.5 million customers in São Paulo and Espírito Santo, in addition to being the main shareholder of Celesc, in Santa Catarina. In 2020, it was elected the most innovative company in the electricity sector by the Valor Inovação ranking, of the Valor Econômico newspaper, and is a reference in Governance and Sustainability, having been on the B3 Corporate Sustainability Index (ISE) for 15 consecutive years.

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