EDP has once again been recognized as The most sustainable electricity company in the world, ranked first in the global S&P Dow Jones Sustainability Index (DJSI).. With a score of 88 out of 100, EDP outperformed all other electricity companies and achieved a rating above the industry average.
Out of a total of 3,500 eligible companies, EDP was evaluated along with eight other electricity companies and found to be the best. EDP is included in the Dow Jones Global Sustainability Index, which includes 321 companies from various sectors, including 15 utilities.
The recognition of this global index reinforces the results of the S&P Global ESG Score published in November. This was expected because EDP’s global leadership in good environmental, social and governance practices. Furthermore, EDP’s performance has also earned it a place in DJSI Europe. In this index, it is the most sustainable company among six electricity companies from a group of nine utilities. In addition, EDP is among 150 companies selected to be part of the European index.
Evaluating the 26 criteria that earned EDP leadership in the DJSI Global Index, the company received the maximum score (“Best in Class”) in four of them: Climate strategy, innovation management, market opportunities and business ethics.
On the indicator Climate strategy, EDP was recognized for its net-zero emissions plan, supported by consistent reporting in line with the recommended core elements of climate-related financial reporting (TCFD). Furthermore, at the beginning of 2023, EDP increased its decarbonisation ambition and announced its commitment to achieving net zero in 2040. It is an ambitious strategy that was included in the company’s climate transition plan that was presented at the recent annual shareholder meeting and which received 99% approval. %.
Moreover, EDP Group has shown good results in the field of… work ethics Thanks to the strategy that began with joining the United Nations Global Compact, publishing a code of ethics, and having a management system for the ethical process and transparent reporting of violations.
In the Innovation managementEDP connected its first hybrid project (wind and solar) to the grid in 2023 in the Iberian Peninsula (an innovative hybrid model it has already implemented in Alqueva in 2022, combining a floating solar park, hydropower and storage), which represents an additional contribution to Decarbonization and increasing renewable energies in the electrical grid.
EDP has also consistently demonstrated its pursuit of this New job opportunities In the market. Anticipating the new energy paradigm, in which generation, distribution and consumption will be increasingly decentralized, EDP offers a range of energy solutions adapted to the specific needs of different customer sectors. Its products and services are characterized by competitive prices and contribute to electrification and improving energy efficiency. At DG Solar, EDP is a leader in Europe, helping customers decarbonise: since 2019, its capacity has multiplied by 25. Sustainable mobility is also important for society and one of EDP’s main priorities.
Excellence for 16 consecutive years
EDP has been a consistent member of the Dow Jones Sustainability World Index since 2008. For 14 years, the company has also been a member of the Dow Jones Europe Index. Over the past 16 years, EDP has consistently been ranked among the top two companies in its category, significantly improving its No. 1 ranking by 75 points.
A development that reflects its strong commitment to decarbonisation, developing renewable energies and promoting a culture of sustainability. As a leader in the energy transition, EDP remains aligned with sustainable development and the fight against climate change, core practices to ensure environmental protection and value creation.
The DJSI is a global sustainability standard and was created in 1999 as the first non-financial performance benchmark for listed companies worldwide. Each year, more than 13,000 companies from 62 sectors are invited to participate in the assessment, but only about 3,500 of the world’s largest companies can be included in the DJSI.
In addition to economic and financial indicators, this index evaluates criteria such as transparency, corporate governance, risk management, relations with various stakeholders, social and environmental responsibility, among other aspects related to ESG. Sustainability practices are measured using the Corporate Sustainability Assessment (CSA) approach, based on a questionnaire containing more than 140 questions.
For more information, visit the Standard & Poor’s website.
