EDP's 'Climate Transition Plan' awarded as the best report among large listed companies
- EDP was distinguished by the ESG Investing Awards as the global listed company with the 'Best Climate Report'.
- The international award also recognised the company's social responsibility strategy, one of the four categories in which EDP stood out.
EDP was once again recognised for its commitment to good sustainability practices at the ESG Investing Awards 2023, which assess and reward the best listed companies worldwide in the ESG (Environment, Social and Governance) investment areas.
In this year's edition, EDP won, among the large companies, in the 'Best Climate Report' category and came second as 'Best Company in Social Responsibility'. In addition to these distinctions, EDP was included in the short list of finalists in two more categories: 'Diversity, Equality and Inclusion' and 'Sustainability Report'.
First published in 2022, EDP's Climate Transition Plan brings together the group's strategic goals for decarbonisation and carbon neutrality, in line with the ambition of the Paris Agreement to limit the increase in the planet's global temperature to 1.5ºC. This strategy is supported by EDP's 2023-2026 Business Plan. It highlights the objective of achieving the Net Zero target by 2040, which implies reducing CO2 emissions by 90% (compared to 2020) involving the company's entire value chain (scopes 1, 2 and 3).
In addition to this awarded report, which reflects EDP's climate action strategy, there is also the Sustainability Report which, since last year, has been integrated with the group's annual Report & Accounts. By creating a single report that combines financial and ESG information, EDP has reinforced its commitment to responsible management in which the business strategy is aligned with demanding standards of environmental action, social impact, and governance.
This recognition from the ESG Investing Awards 2023 marks a significant step forward for EDP compared to the previous year, when it was classified as "runner-up" in just one category: "Best Sustainability Report". For EDP, as a company fully aligned with the best sustainability practices, this distinction reinforces its leadership in the energy transition, climate action, environmental protection, and creating value for society.
Aimed at listed companies, institutional investors, and fund managers, the ESG Investing platform is a leading source of information on the financial market. Through the ESG Investing Awards, they assess the performance of listed companies of all sizes, sectors of activity and geographies - based on this analysis, divided into seven categories, they award the companies that show the best practices and results in the environmental, social and governance dimensions.
The official results of the ESG Investing Awards 2023 can be consulted on the official website: www.esginvesting.co.uk/esgcorporatewards-winners/.