"Sustainability is at the top of the boardroom agenda. We proudly deliver on our ESG commitments and our mission to lead the energy transition"
I am very pleased to share that the Science Based Target initiative (SBTi) has recognised EDP's 98% target reduction of scope 1 and 2 GHG emissions per TWh by 2030 compared to 2015 levels, and 50% absolute reduction of scope 3 GHG emissions over the same timeframe. This means our targets are in line with climate science requirements towards limiting global warming to 1.5ºC, highlighting the strength of our commitment to become carbon neutral by 2030.
In June, as we celebrated Diversity month at EDP Group,
we committed to joining The Valuable 500, a global
movement to promote and underline the importance of
Miguel Setas - Executive Board Member
disability inclusion within leading companies around the
world to generate systemic change and unlock the
business, social and economic value of people living with
disabilities. This is an important step for EDP Group
because we see diversity as a source of innovation,
bringing us one step closer to our communities and our
At EDP group, we continue to streamline our corporate
governance structure. We reduced from 5 to 4 the
number of specialized committees at the General
Supervisory Board level. We have improved our
approach to ethics in line with best practice and
international standards and our Ethics Commission is
ESG & equity linked compensation for Top Management 4
Top quartile in ESG rating Performance 6
Keep advanced 5
Revenues aligned with the EU Taxonomy increased to 69% as we continue to accelerate growth and invest in the Energy Transition, with total Gross Investments increasing by 29% YoY, amounting to 1.6 billion euros in the 1H21, 94% of which in Renewables and Networks.
Renewables represented 81% of electricity generated by EDP in the 1H21, as we continue toramp-uprenewables deployment, with 2.1 GW gross capacity added YoY, of which 0.7 GW added YTD.
Specific CO2emissions increase in the 1H21, is related to the increase of production in Pecém in Brazil, due to adverse hydrology in the Northeast of Brazil in this period, given that Brazil is experiencing the worst in hydrology crisis for the past 91 years.
Similarly to last quarter, total waste increased by 30% YoY, mainly explained by the reduced activity of Pecém's power plant in 2020, which was completely idle between April and August, operating only partially in March and September of 2020.
Accident Frequency rate increased to 1.78 in the 1H21, in a very unfortunate quarter, in particular within our service providers. EDP continues determined to strengthen the culture of Occupational Health and Safety, by developing awareness, deepening willingness and making available the resources to improve health and safety.
In the 1H21, females representation stood at 26% of EDP's workforce representing +1% increase versus the comparable period.
1. Value for 1H20 is an annual measure; 2. Above the high performing norm, including results of surveys done to more than 875,000 employees in 50 high performing organizations and is based on company financial performance and engagement and enablement scores. 3. Number of accidents at work with absence/fatalities, per million hours worked (including employees and contractors); 4.
ESG Report 1H21 Applicable to Board of Directors and top management; 5. >= 740; 6. Includes DJSI, FTSE4Good, MSCI and Sustainalytics.
Committed to a renewables path
Installed Capacity (MW) 1,2○
Renewables Index 4
Electricity Generation (GWh) ○
Total Energy consumption
Total Renewable consumption
Self-generatednon-fuel renewable energy
Total Non-Renewable consumption
Energy consumption intensity
○ SFDR indicator
ESG Report 1H21
1. EBITDA MW; 2. Other includes Nuclear, Cogeneration & Waste; 3. Brazil hydro coefficient refers to ENA index; 4. Renewables Index (vs. LT avg. Gross Capacity Factor).
New Services Highlights
Committed to drive new client solutions and smarter networks
Energy Services Revenues / Turnover 2
Energy Efficiency Services Revenues
Distributed solar (As a service & Transactional)
US & Other
Light fleet electrification
Electric charging points 3
Clients with electric mobility solutions
Client satisfaction 1
Electricity Grid Losses
Customers with Sustainable Services 4
CO2 savings downstream 1,5
X% Value Added Services
Penetration by 2030
1. Annual Indicators refer to 2020YE; 2. Energy service: Services provided under energy supply, installation of more efficient and/or building retrofit, and sustainable mobility, which generate
ESG Report 1H21
revenues for the company; 3. Includes public, private and charging points inside EDP facilities; 4. Sustainability Services concept aligned with EU taxonomy.
Excludes Health Insurance, Fatura
Segura and Gas Certification. Includes only B2C electricity clients; 5. CO2 avoided by carrying out efficiency improvement measures that lead to a reduction in
customer consumption, as well as
measures to replace energy sources with other less CO2-emitting ones, namely replacing fossil fossils with renewable energy sources or sustainable mobility.
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EDP - Energias de Portugal SA published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 16:38:04 UTC.