EDP - Energias de Portugal S.A.

Company Information

DP – Energias de Portugal, S.A. (EDP) is a publicly listed, multinational vertically integrated utility company, headquartered in Lisbon, Portugal. In 2021, EDP - Energias de Portugal S.A. reported a total of 12,236 employees and a total revenue of 18.1 billion Euro.*

*Source (23/05/2022)

Our progress towards decarbonization

GHG Emissions

North Star

• EDP - Energias de Portugal S.A. has a target to reduce intensity of scopes 1 and 2 CO2e emissions 98% per megawatt hour (MWh) by 2030 from a base year of 2015

Pledge: Have an officially validated short-medium term science-based GHG emissions reduction targets aligned with a 1.5°C scenario (scope 1+2) in line with the SBTi Criteria and Recommendations

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

How we want to achieve this – our roadmap

• Join the Business Ambition for 1.5°C and publicly commit to have a long-term science-based target to reach net-zero value chain GHGs emissions by no later than 2050 in line with the SBTi Net-Zero Standard
• Have an internal price on carbon 
• Have an initiative in place to drive GHG emissions reduction through energy efficiency in production processes
• Have an initiative in place to drive GHG emissions reduction through low-carbon energy generation
• Have scope 1+2+3 GHG emissions verified through a third party verification or assurance process 

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

Water

Our actions – the Pathway

• Have an internal price on water 
• Engage our suppliers to report on their water use, risks and/or management information
• Publicly disclose data on water-related impact to investors through a public platform
• Have board-level oversight of water issues
• Integrate water-related issues into the company's financial planning
• Integrate water-related issues into the company's long-term business objectives
• Integrate water-related issues into the company's strategy to achieve long-term business objectives
• Regularly monitor and measure key water security metrics at least for 75% of the company's facilities

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Water 2022

Governance & Strategy

Our actions – the Pathway

• Publicly disclose climate and environmental data to investors and customers through a public platform
• Have board-level oversight of climate-related issues
• Have a process for identifying, assessing, and responding to climate-related risks and opportunities
• Have an employee engagement strategy to support and contribute to achieving the company's climate and environmental goals

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022

Value chain engagement

Our actions – the Pathway

• Have an ongoing and transparent dialogue with our value chain around climate-related issues
• Have a supplier/customer engagement strategy to drive best practices in tackling environmental and climate-related issues

MRV: Pact MRV in place

Status date: Submitted (01/08/2022)

Data source: CDP Climate Change 2022