This integrated report describes EDP Renováveis’ (hereinafter “EDPR”) performance with respect to the three pillars of sustainability: economic, environmental and social.
EDPR is focused on continuously improving its performance in Sustainability, and this is highlighted in its Vision and Mission, as a way to create value for our shareholders and for society. As a leader in the renewable energy sector, EDPR plays a key role in EDP Group, as leader among Utilities in the Dow Jones Sustainability Index in 2011.
EDPR is committed once again to follow the G3.1 guidelines of the Global Reporting Initiative (GRI) for Sustainability Reporting.
Global reporting initiative and United Nations global compact
The GRI directives define a set of indicators and recommendations to create a global standard for disclosing information concerning the three sustainability pillars: economic, environmental and social performance. A company’s adherence to these directives means that it concurs with the concept and practices of sustainability.
The whole report, including environmental and social indicators contemplated by the GRI, was audited by KPMG.
A full GRI index for the report can be found in the ‘GRI evaluation’ chapter.
The GRI framework defines a list of principles to help organizations ensure that the content of the report is balanced and accurate. EDPR applied these principles as the basis for the 2011 Annual Report.
To learn more about the GRI guidelines, please visit www.globalreporting.org.
Global Compact is an initiative of the United Nations launched in 2000 that defines guideline directives for businesses that opt to contribute to sustainable development.
EDPR has aligned itself with this initiative and is committed to put these principles into practice, informing society of the progress it has achieved.
GRI application level
Following the GRI Guidelines, this report has been externally assured by KPMG, certifying the A+ application level self-declared by EDPR. Additionally, GRI has also verified that the report addresses GRI’s standard disclosure, confirming the A+ application level assured by KPMG.
International Financial Reporting Standards
The economic and financial indicators of this report are based on IFRS. The overall objective of IFRS is to create principles-based, internally consistent and internationally converged standards for financial and economic reporting.
Enclosed within the Annual Report, is a corporate governance chapter which describes the adoption by EDPR of the recommendations contained in the Portuguese Corporate Governance Code (“Código de Governo das Sociedades”) approved by the CMVM (Portuguese Securities Market Commission).
EDPR reports on the corporate governance structure, business between the company and Members of the Company’s governing bodies or Related Parties, internal control systems and risk management, shareholder structure, exercise of shareholder’s rights, remuneration policy, shares and the company’s market relations.
Scope of report
This report relates to the 2011 fiscal year, beginning January 1st, 2011 and ending December 31st, 2011, and also includes some key events from the first months of 2012. It contains information from EDP Renováveis, S.A., as well as all subsidiaries in the reporting period.
This report and the ones from previous years are available at:
In an effort to adapt our future reporting to our stakeholders needs, a feedback survey is available on our website: