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EDP recognised for its strategy for combating climate change

EDP recognised for its strategy for combating climate change

The Carbon Disclosure Project has assessed EDP’s efforts to reduce emissions as being among the best in the world.

EDP has been recognised by the Carbon Disclosure Project (CDP) as one of the world’s leading companies in the fight against climate change. This non-governmental agency has evaluated the transparency and effort made to reduce greenhouse gas emissions and to mitigate the risks of climate change. With a maximum score of 100A, EDP has joined the “A listers”, a classification granted this year to 113 companies – 5% of all the companies assessed.

This result has been published three weeks before COP21, the UN summit on climate change, which will bring together world leaders in an effort to reach a global agreement on the reduction of greenhouse gas emissions and to limit the rise in global temperatures, and highlighting the essential role companies will play in solving this problem.

The CDP used an independent methodology to analyse thousands of global companies, with EDP achieving the maximum score of 100 for transparency and reporting (CDLI) and an A for performance (CPLI).

At the request of 822 investors representing US$95 trillion in assets, the companies report their annual performance, providing investors with a level of comfort to assess the responsibility of companies and their ability to respond to new market requirements and emission regulations.
The Carbon Disclosure Project is an international non-profit organisation that provides the only comprehensive system for businesses that enables them to measure, disclose, manage and share important environmental information.

Recognised by this assessment, EDP’s strategy for combating climate change is a management priority. The Group has a set of commitments underpinning performance up until 2030, and which were recently presented at the United Nations, at the same summit where the new goals for sustainable growth were approved.