This is the fifth year EDPR publishes an integrated report describing the company’s performance, with respect to the three pillars of sustainability: economic, environmental and social.
Information is presented according to G3.1 guidelines of the Global Reporting Initiative (GRI) for Sustainability Reporting and provides also information on the additional electricity sector supplement indicators directly related to the company business, which is the power generation from renewable sources, basically wind. A full GRI index for the report can be found in our website www.edpr.com.
UNITED NATIONS GLOBAL COMPACT
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 become signatory of this initiative and is committed to put these principles into practice, informing society of the progress it has achieved.
In addition, the company has a Code of Ethics that contains specific clauses on the respect for human rights. In compliance with the Code, EDPR expresses its total opposition to forced or compulsory labour and recognizes that human rights should be considered fundamental and universal, based on conventions, treaties and international initiatives like the United Nations Universal Declaration of Human Rights, the International Labour Organization and the Global Compact.
Our Procurement Manual also includes a chapter that guides each Purchasing Department to put these principles into practice, therefore when procuring and contracting goods and services EDPR appeals to all reasonable endeavours so that selected suppliers accept to comply with the UN Global Compact’s ten principles in the areas of human rights, labour, the environment and anti-corruption. To learn more about the UN Global Compact, please visit www.unglobalcompact.org.
GLOBAL REPORTING INITIATIVE
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.
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 2013 Annual Report. To learn more about the GRI guidelines, please visit www.globalreporting.org.
GRI APPLICATION LEVEL
The company self-declares its report to have reached the level A+, as confirmed GRI as it addresses GRI’s standard disclosures and as it has been assured according to ISAE 3000 by KPMG.
PRINCIPLE OF MATERIALITY
The macro-economic context, where the challenges of sustainability are increasing, summing up with the diversity of EDPR’s stakeholders, results in a large and complex list of important issues, which must be prioritised according to its relevance and significance.
An issue is considered material when it influences the decision, the action and the performance of an organization and its stakeholders. EDPR’s material issues were identified and the results achieved supported the preparation of this Annual Report, as reflected in the company’s management strategy and, in particular, in its agenda for sustainability.