Annual Report - EDP

More documents

Recommendations

Info

: annexes :annex IVproposal for theappropriateness of profitsUnder the terms of the Article 30 of the CompanyConstitution, the Executive Board of Directorsproposes to the shareholders that the Net Profit,amounted to € 832,681,739.61, is appropriated asit follows:Legal Reserves.................................€ 41,634,086.98Dividends *.......................................€ 676,459,477.28Donations to Fundação EDP............€ 7,200,000.00Retained earnings............................€ 107,388,175.35*The proposed dividend per share is € 0.185.annex VSUSTAINABILITY CONTENTSreporting principlesEDP’s Annual Report combines economicand financial aspects, along with social andenvironmental performance, since 2008,allowing a wider view of business. The report isseparated in 5 different sections: EDP; Strategy;Performance; Corporate Governance andFinancial Information, describing the company’sperformance between 1 January and 31 December2012. In addition to this annual report:º º EDP reports quarterly to the market and keysustainability information is made available on-line;º º keeps on-line qualitative and quantitativeinformation both operational and environmental;º º publishes sector reports, including the SocialReport and Biodiversity Report, availableat www.edp.pt;º º annual and sustainability reports from theGroup’s companies, HC Energía, EDP Brazil,EDP Renováveis and Naturgás are also publishedand may complement information about thesustainability performance of those companies.Detailed information about contents and theorganization of EDP´s Annual Report is availablein www.edp.pt> sustainability> reports.AA1000APS 2008Dialog with their stakeholders is a commitmentof the company expressed in EDP’s Principlesfor Sustainable Development: Ensure an open,transparent and trustful relationship with thedifferent stakeholder groups; Establish stakeholdercommunication channels and integrate theirconcern; Report performance in a credible,objective way in its economical, environmental andsocial dimensions.Since 2009, EDP has implemented an internalprocess to assess the company’s maturity level, inits strategic, procedural and operational approach,against AA1000 APS (2008) standards. Thesestandards, supported in three main principles:Inclusion, Materiality and Response, are importantto increase the effectiveness of how EDPcommunicates and promotes dialogue, replying tothe expectations and increasing requirements ofdifferent stakeholders.This process is being developed at a corporatelevel, including an analysis of the Portuguesespecificities, along with the ones from the mainEDP Companies, such as EDP Renováveis; HCEnergía and EDP Brazil. Within different maturitystages, the challenge is to guarantee a strategicalignment along with specific approaches to localexpectations. It is EDP´s goal to maintain commonstrategic priorities within all its companies, lettingspecific issues be dealt according with its localimportance. EDP aims to increase the number ofGroup companies with materiality matrices in 2011.EDP - Annual Report 2012The strategic engagement process with EDP’sstakeholders has been improved with theestablishment of the institutional relationsand stakeholder department and a StakeholdersManagement Committee (Pages 137 and 151). Thesenew structures will enhance the communication’spotential of the Group, concerning its stakeholders,contributing to a more fluid and systematizedinformation about EDP’s activities. Theimplementation of this new organization will allowa better alignment between strategic issues andbusiness unit’s specificities.Verification in accordanceto AA1000AS 2008EDP asked KPMG the verification according toAA1000 AS 2008, Type 2. The verification processincludes not only the information disclosed inEDP’s Annual Report 2010, but also the alignmentof EDP’s practices with the principle of inclusion,materiality and response. In www.edp.pt>sustainability> stakeholders> dialog a list withthe main stakeholder segments of EDP is available,as well as the description of the main practicesin place, according with AA1000 standard.Principle of InclusionA stakeholder is each and every agent withinfluence and being influenced by the company’sactivities, in a direct or indirect way. An inclusivecompany promotes participation of stakeholdersin the development of a strategic responseto sustainability. EDP recognises this principlein its engagement processes and commitsitself to improve the process of stakeholderidentification, guaranteeing that the stakeholderperspective is considered.From all the initiatives developed it was possibleto improve the knowledge about the concerns andexpectations of different stakeholders and continuethe action plan ongoing. It is believed that its resultswill contribute to a continuous improvement ofEDP’s sustainability performance. During 2012,a training plan for all employees, whose functionsinvolve contact with stakeholders outside thecompany, started in Portugal (page 96). It is intendedto promote a bilateral and continuous relationshipwith local communities, around EDP’s newinfrastructures. During 2013, at an operational levelit is expected:º º The implementation of three pilot projects in EDPProdução, testing a common engagement processin different generation facilities under operation;º º The extension of the Project Communicationtraining program (ComPro) to more companies.This program will allow a new and dynamicapproach promoting the identification of relevantstakeholders previous to the raising of a new site.At a strategic level, a set of initiatives will continueto be implemented, reinforcing the engagement withstakeholder groups, so far not explicitly coordinated,and promoting the inclusion of new segments notyet properly considered. The new StakeholderManagement Committee will start to meetperiodically to guarantee the internal engagementof EDP’s Companies and to allow a more effectiveresponse to stakeholder’s expectations, aligned withthe International Standard AA1000 and with the bestnational and international practices.Principle of MaterialityThe macro-economic context, where thechallenges of sustainability are increasing,summing up with the diversity of EDP’sstakeholders, results in a large and complex listof important issues, which must be prioritisedaccording to its relevance and significance.An issue is considered material when it influencesthe decision, the action and the performance ofan organization and its stakeholders.279
: annexes :EDP’s material issues were identified throughthe Accountability’s methodology which ensuresa clear and balanced assessment of the data,either collected internally to identify businesspriorities, or through the channels used forstakeholder’s engagement. The priorities are setby weighing: 1) the number of times the issueis raised through the different channels;2) a benchmark studying a set of material issueshighlighted by peers; 3) additional studies whichidentified relevant tendencies under EDP’s sectorcontext. The results achieved supported thepreparation of this Annual Report, as reflectedin the Company’s management strategy and,in particular, in its agenda for sustainability.The most relevant issues are covered bythis report, and when possible, highlightswere included to facilitate the access to theinformation.º º Supply chain empowerment, this change isexplained by the European social and economicsituation. The issue is disclosed in Performancesection, Suppliers chapter;º º Free Market, with a strong relevance to thePortuguese market, due to the liberalizationprocess occurred in 2012;º º Local Development, replacing the older “newhydropower projects” issue, due to the impactthese projects have locally and the expectationsthat communities have, hoping from theseinvestments new opportunities for localdevelopment;º º Security of facilities, an issue raised mainly bylocal communities and started being consideredby our peers. Still with modest significance;EDP Materiality Matrix+Climate ChangeRenewable promotionDSM & Energy EfficiencyManagement/Environmental ProtectionSocial ResponsibilitySatisfaction and service providerQuality & reliability of supplyHealth and SafetyReputaion and TrustImportance to SocietyComunication & TransparencyGood governanceSupply chain empowermentCurruption & BriberyResponsible EmployeeLocal DevelopmentTariffs & energy pricesRegulation, taxes & subsidiesBiodiversityNew Technologies& InnovationCorporate StrategyFree market*Listed CompanyFinancial SustainabilityHuman RightsResponsible MarketingNew Businesses/MarketsSecurity of facilities--Importance to Business+INCREASED COMPAREDWITH PREVIOUS YEARDECREASED COMPAREDWITH PREVIOUS YEARSAME STATUS AS PREVIOUS YEARNEW ISSUEThe following significant changes occurred fromthe previous year:º º Climate Change, Energy Efficiency, alongwith Environmental Protection and RenewablesPromotion assume the highest relevance.This is easily explained by the cross-cuttingissues among most of the initiatives andchannels considered in this study. These issuesare disclosed in the Performance section,Environment – Climate Change chapter andClient and Product chapter – Energy EfficiencyPerformance section;º º Good Governance, this issue achievesimportance mainly by the new regulationfrom CMVM (nº1/2010) and SRI investorsrequirements;280º º Corporate strategy and New Businesses/Markets. Essential for the company, this an issueraised mainly by investors and rating agencies,looking forward to understand the strategicposition and how the company is committedto reach it;º º Human Rights, comes up individualized forthe first time. Subject with scarce internalweight, but proving the attention given toby stakeholders, namely SRI;More detailed information on relevant subjectsfor each stakeholder segment can be foundin www.edp.pt> sustainability> stakeholders.A World Full Of Energy
Page 1:
Impresso em papel elaborado com cel
Page 6 and 7:
: edp :index6 edp6 message to share
Page 8 and 9:
: edp :EDP - Annual Report 20127
Page 10 and 11:
Portugalrenewablesgás7,194 Employe
Page 12 and 13:
: edp :1.1.3. CORPORATEBODIESboard
Page 14 and 15:
: edp :1.1.5. principles ofsustaina
Page 16 and 17:
: edp :BRAzILEDP Brasil distinguish
Page 18 and 19:
: edp :1.3.2. Operating HighlightsU
Page 20:
: edp :1.3.5. ENVIRONMENT INDICATOR
Page 24 and 25:
: edp :strategicframeworkxxxxxxxxxx
Page 26 and 27:
: strategic framework :Reconversion
Page 28 and 29:
: strategic framework :EVOLUTION OF
Page 30 and 31:
: strategic framework :million at D
Page 32 and 33:
: strategic framework :Since 2005,
Page 34:
: strategic framework :EDP - Annual
Page 38 and 39:
: a edp :performance38 business40 I
Page 40 and 41:
: performance :EDP - Annual Report
Page 42 and 43:
: performance :By the end of the ye
Page 44 and 45:
: performance :electricity generati
Page 46 and 47:
: performance :EDP Distribuição h
Page 48 and 49:
: performance :electricity AND GAS
Page 50 and 51:
: performance :Despite the increase
Page 52 and 53:
: performance :electricity supply i
Page 54 and 55:
: performance :In 2012, EDPR increa
Page 56 and 57:
: performance :3.1.3. EDP BRAsILEDP
Page 58 and 59:
: performance :EDP brasilGENERATION
Page 60 and 61:
: performance :Distribution of comp
Page 62 and 63:
: performance :testing the adherenc
Page 64 and 65:
: performance :3.4.1. managementsys
Page 66 and 67:
: performance :In Brazil, EDP has n
Page 68 and 69:
: performance :that 117 m 3 of oil
Page 70 and 71:
: performance :EDP has undertaken t
Page 72 and 73:
: performance :encourages professio
Page 74 and 75:
: performance :The set of indicator
Page 76 and 77:
: performance :Voice of the custome
Page 78 and 79:
: performance :(ACAPO), are also av
Page 80 and 81:
: performance :3.7. suppliersThe pe
Page 82 and 83:
: performance :Transparency; Leader
Page 84 and 85:
: performance :The following table
Page 86:
: performance :between the local au
Page 90 and 91:
: a edp :Corporate governance89 sta
Page 92 and 93:
: corporate governance :STATEMENT O
Page 94 and 95:
: corporate governance :STATEMENT O
Page 96 and 97:
: corporate governance :I. GENERALM
Page 98 and 99:
: corporate governance :In all othe
Page 100 and 101:
: corporate governance :II.1.1. Cor
Page 102 and 103:
: corporate governance :The company
Page 104 and 105:
: corporate governance :Strategy Co
Page 106 and 107:
: corporate governance :Companies C
Page 108 and 109:
: corporate governance :From 22 Feb
Page 110 and 111:
: corporate governance :The Institu
Page 112 and 113:
: corporate governance :Careers, Mo
Page 114 and 115:
: corporate governance :Commercial
Page 116 and 117:
: corporate governance :Corporate S
Page 118 and 119:
: corporate governance :new matters
Page 120 and 121:
: corporate governance :with the Eu
Page 122 and 123:
: corporate governance :unavailabil
Page 124 and 125:
: corporate governance :in share ca
Page 126 and 127:
: corporate governance :II.19. Posi
Page 128 and 129:
: corporate governance :II.26. Rule
Page 130 and 131:
: corporate governance :II.28. Posi
Page 132 and 133:
: corporate governance :Executive B
Page 134 and 135:
: corporate governance :EDP has no
Page 136 and 137:
: corporate governance :CHAPTER III
Page 138 and 139:
: corporate governance :III.3. Hold
Page 140 and 141:
: corporate governance :Share price
Page 142 and 143:
: corporate governance :Capital Mar
Page 144 and 145:
: corporate governance :III.13. Int
Page 146 and 147:
: corporate governance :In 2012, th
Page 151 and 152:
EDP Renováveis opensfirst wind far
Page 153 and 154:
: financial report :5.1. edp group
Page 155 and 156:
: financial report :these impacts,
Page 157 and 158:
: financial report :local currency,
Page 159 and 160:
: financial report :amount of EUR 1
Page 161 and 162:
: financial report :EDP - Energias
Page 163 and 164:
Page 165 and 166:
Page 167 and 168:
Page 169 and 170:
Page 171 and 172:
12.pdf 1 02/04/13 14:50notes to the
Page 173 and 174:
notes to the consolidated EDP and -
Page 175 and 176:
Page 177 and 178:
notes to the consolidated and compa
Page 179 and 180:
Page 181 and 182:
Page 183 and 184:
Page 185 and 186:
Page 187 and 188:
Page 189 and 190:
Page 191 and 192:
Page 193 and 194:
notes to the consolidated EDP - and
Page 195 and 196:
Page 197 and 198:
Page 199 and 200:
Page 201 and 202:
Page 203 and 204:
Page 205 and 206:
Page 207 and 208:
Page 209 and 210:
notes to the consolidated and compa
Page 211 and 212:
Page 213 and 214:
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
Page 221 and 222:
Page 223 and 224:
Page 225 and 226:
Page 227 and 228:
Page 229 and 230: notes to the consolidated EDP - and
Page 231 and 232: notes to the consolidated EDP and -
Page 245 and 246: EDP - Energias de Portugal, S.A.Not
Page 251 and 252: notes to the consolidatedEDPand- En
Page 257 and 258: notes to the consolidated and compa
Page 269 and 270: Hydroelectric powerplant of Bempost
Page 271 and 272: : annexes :annexesannex Ifinal refe
Page 273 and 274: : annexes :by Instituto Superior de
Page 275 and 276: : annexes :Chairman of Euronext Lis
Page 277 and 278: : annexes :basis. He was designated
Page 279: : annexes :annex IIItransactions pe
Page 283 and 284: : annexes :Simultaneously, the foll
Page 285 and 286: : annexes :GRI complianceThis repor
Page 287 and 288: : annexes :286A World Full Of Energ
show all

Annual Report - EDP

Create successful ePaper yourself

Delete template?

Save as template?