EDP and Schneider Electric announce joint commitment in Davos to support just transition projects
EDP and Schneider Electric presented EDGE Transition this week in Davos, on the sidelines of the 56th Annual Meeting of the World Economic Forum (WEF), where EDP is once again represented with the participation of Miguel Stilwell d’Andrade, CEO, and Pedro Vasconcelos, Executive Board Member of the Group.
In this context, EDP and Schneider Electric announced their joint commitment to the development of EDGE Transition, a global social innovation initiative designed to support entrepreneurs who are driving a just, inclusive, and sustainable energy transition.
EDGE Transition is currently in a partner mobilization phase and is seeking to bring on board three new sponsors to strengthen its global reach and impact. The initiative aims to support social entrepreneurs and organizations working in critical areas such as access to clean, safe, and affordable energy; increased energy efficiency; inclusive training and job creation in the energy sector; and environmental preservation and restoration, always with a focus on generating positive social impact in more disadvantaged markets and communities.
The program is designed to act as a bridge between social innovation and the business and financial ecosystem, providing incubation and acceleration mechanisms, specialized mentoring, technical validation, and business development support. Its goal is to enable entrepreneurs to test and strengthen their solutions, scale their impact, and attract investment.
With potential global reach, the initiative is built on collaboration among multiple stakeholders, connecting social entrepreneurs with leading energy companies, investors, and strategic partners. Sponsors joining the program will make a financial commitment over three years and may engage through direct investment, joint projects, or by integrating innovative solutions into their value chains.
The initiative is aligned with EDP’s global social impact strategy, Y.E.S. – You Empower Society, which foresees annual investment of around €30 million through 2030 to support more than 500 social responsibility projects across various geographies. One example is Entama, an EDP program whose mission is to strengthen local economies, stimulate job creation, promote equal opportunities, and support population retention in lower-density territories in Portugal and Spain. Through this approach, EDP reinforces its commitment to ensuring that the energy transition leaves no one behind.
The presentation of EDGE Transition at this global forum underscores the ambition of EDP and Schneider Electric to actively contribute to the international debate on the future of energy and the role of social innovation in building a just, inclusive, and sustainable energy transition on a global scale.