EDP Renewables included in FTSE4Good index
Madrid, 21 September 2011: EDP Renewables (EDP Renewables, Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been included in the FTSE4Good index following the benchmark’s September review. The FTSE4Good is a financial index that aggregates top performing companies for sustainability and corporate social responsibility. EDP Renewables, which is the only company from the energy sector out of the 22 new members which were included in the index as of close of business on Friday September 16, 2011.
Since its creation in 2001, the FTSE4Good Index Series has sought to help responsible investors to identify and invest in companies that meet globally recognised corporate responsibility standards, to provide asset managers with a responsible investment benchmark and a tool for responsible investment products and to contribute to the development of responsible business practice around the world. The FTSE4Good Index Series carries out semi-annual reviews in March and September.
To qualify for inclusion in the FTSE4Good Index Series, companies must be in the FTSE All World Developed Index. Eligible companies must meet criteria requirements in five areas: working towards environmental sustainability, upholding and supporting universal human rights, ensuring good supply chain labour standards, countering bribery and mitigating and adapting to climate change.
Ana Maria Fernandes, CEO of EDP Renewables, said: “To be included in the FTSE4GOOD Index is, without a doubt, an excellent recognition of the work performed year after year by everyone in the company to position EDP Renewables as a global leader in this area.”
The evaluation process which led to the inclusion of EDP Renewables in the FTSE4Good was carried out by ECODES, which has been assessing the non-financial aspects of EDP Renewables since the company was listed. The evaluation was based on publicly available information released by the company.