EDP Renewables ranked as number one worldwide in the FTSE4Good index
The FTSE4Good is a stock market index that aggregates top performing companies for their sustainability and corporate social responsibility practices. EDPR ranked number one among utility companies.
EDP Renewables (Euronext: EDPR), a global leader in the renewable energy sector and the world’s third-largest wind energy producer, has been ranked as the number one utility company worldwide in the FTSE4Good index.
EDPR joined the FTSE4Good index in the September 2011 review and since then has renewed its position every 6 months, finally reaching the top of the Utilities super-sector in the March 2013 review.
In the evaluation process, more than 2,300 companies are considered and less than 50% are included in the index. The evaluation takes into consideration the impact/risk that the company may have for each one of six criteria in the environmental, social and governance areas.
EDPR received the highest ranking in the “Climate Change” and “Environmental Management” categories. It is also worth highlighting that EDPR achieved the highest possible ranking in “Countering Bribery”.
This achievement is a reflection of the company’s commitment to reaching its sustainability objectives and sets new goals for the company to continue improving its practices in this area.