Slide 1: Sustainability at EDP
Sustainability at EDP October 2018
Slide 2: EDP Sustainability Strategy
EDP Sustainability Strategy
Slide 3: EDP Sustainability Strategy
EDP Sustainability Strategy Our Approach EDP Principles of Sustainable development More than a simple goal, continuing to grow while meeting the challenges of sustainable development is a pledge we made to our Economic & Social Value Transparency and dialogue stakeholders. Sustainability is part of
Slide 4: EDP Sustainability 2020/2030 targets
EDP Sustainability 2020/2030 targets Our aim is for continuous growth, with a business model that fits a sustainable development UN Sustainable Development Goals Priorities EDP strategic objectives 2020/2030 (UN SDGs) Achieve 76% clean capacity by 2020 Invest €200M in innovative projects by 2020 Gen
Slide 5: EDP's strategy for Climate Change
EDP’s strategy for Climate Change Mitigation: EDP’s trajectory for decarbonization • EDP’s decarbonization strategy is aligned with the publicly announced decarbonization path: Reduce 75% CO2 specific emissions by 2030 from 2005 levels • EDP also committed to: (i) reduce its scope 1 and 2 emissions
Slide 6: EDPR: One of the largest renewable power producers in the world
EDP R: One of the largest renewable power producers in the world (wind and solar) 30 0.3% Offshore wind project under development 418 4% 5,055 47% 71 1% 679 410 4% 200 2% 521 5% 26 2 Offshore wind projects under development 1,253 12% (with CfD for 15 181 2% years) 331 3% 102 74 2,244 21% Onshore win
Slide 7: Well-established sustainability track record
Well-established sustainability track record Some of the sustainability Indices where EDP is a member (1) Strong extra-financing ratings (1) CDP CLIMATE CHANGE ESG risk rating: Transparency and 20.7 (medium) performance in Leadership A- Member Member since climate and water since 2012 2010 managemen
Slide 8: EDP Green Bond Framework
‘ EDP Green Bond Framework -
Slide 9: EDP Green Bond Framework – aligned with the Green Bond Principles, 2018
EDP Green Bond Framework – aligned with the Green Bond Principles1, 2018 Use of Proceeds Project Evaluation & Selection Management of proceeds Reporting • Eligible Green Projects include the • EDP’s Finance and Sustainability teams, • The net proceeds of green bonds issued • Reporting to be availabl
Slide 10: Use of Proceeds
Use of Proceeds Use of Proceeds Project Evaluation & Selection Management of proceeds Reporting • The net proceeds from Green Bonds issuance will be channeled to finance or refinance existing or planned investments which support the transition to a low-carbon economy, especially those that help incr
Slide 11: Project Evaluation & Selection
Project Evaluation & Selection Use of Proceeds Project Evaluation & Selection Management of proceeds Reporting • Alongside the application of the Green Bond Principles and its own sustainability goals, EDP R’s projects are subject to Environmental, Social and Governance (ESG) standards which are def
Slide 12: Management of Proceeds
Management of Proceeds Use of Proceeds Project Evaluation & Selection Management of proceeds Reporting • The net proceeds of green bonds issued by EDP will be managed on a portfolio basis. Proceeds will be used for (re)financing the Eligible Green Project Portfolio i.e. the financing of new and the
Slide 13: Green Bond Reporting
Green Bond Reporting Use of Proceeds Project Evaluation & Selection Management of proceeds Reporting • An annual report will be prepared and made available on EDP´s website with the status of EDP’s Green Bonds allocation, overview of the project portfolio (re)financed with the proceeds of the green
Slide 14: Second Party Opinion and Verification
Second Party Opinion and Verification Confirmation of alignment with Sustainalytics opinion the Green Bond Principles 2018 • The eligible category for the use of proceeds, renewable energy, is aligned with those recognized by the Green Bond Principles. Pillar 1: Use of proceeds Sustainalytics consid
Slide 15: Appendix
‘ 7 Appendix —-
Slide 16: EDPR: Clear visibility on renewables growth, with 3.7 GW of PPA/FiT secured
EDPR: Clear visibility on renewables growth, with 3.7 GW of PPA/FiT secured for new wind onshore & solar projects while preserving attractive returns Wind onshore and solar Projects: 2018-24 Wind offshore Projects: Sep-18 FID: 2018E 0,3 COD: 2022E 0,7 1,7 3.7GW 1.9GW 1,0(1) 1,0(2) FID: 2020E COD: 20
Slide 17: Disclaimer
Disclaimer THIS DOCUMENT IS INTENDED TO PROVIDE NON-EXHAUSTIVE, GENERAL INFORMATION. THIS DOCUMENT MAY CONTAIN OR INCORPORATE BY REFERENCE PUBLIC INFORMATION NOT SEPARATELY REVIEWED, APPROVED OR ENDORSED BY EDP AND ACCORDINGLY, NO REPRESENTATION, WARRANTY OR UNDERTAKING, EXPRESS OR IMPLIED, IS MADE