Annual Report - EDP

: annexes :ResponseThe way for a company to guarantee the principleof response is through the improvement of itssustainability performance, being the latter theresult of decisions and action plans’ implementation,in a constant dialogue with its stakeholders.EDP has a set of policies, with defined goalsand milestones in a continuous improvementframework of business processes and initiatives,where it seeks to reinforce the involvement ofthe different stakeholders. To improve the focusof these initiatives in the material issues andin relevant stakeholders is an area of continuousimprovement, which allows the company to havea bigger efficiency in its processes and efficacyin reaching its goals, common to those samestakeholders.Main initiatives developedor in progressBased on the work done until now, EDPsummarized the set of initiatives in progress inthe chapter Community, being possible for theseto be complemented with a set of initiatives thatare presently ordinary inside the Group:º º Work out the Baixo Sabor PatrimonyConsciousness and Dissemination Programplan, designed aiming to contribute to theimprovement of the region’s environmentalquality, through the active involvement of thelocal community;º º The Board of Directors had a meeting with theSustainability Council – a statutory advisorybody (see Corporate Governance section –Corporate Governance Structure);º º Relationship channels with very close investorsare maintained (see page 196, CorporateGovernance section) and regular satisfactionstudies are promoted;º º Meetings with Media, Providers and PublicInstitutions have been promoted;º º The study of the information published byMedia is regularly made, particularly the onerelevant to the company and the business;º º Concerning clients, satisfaction studies andFocus Groups are periodically promoted anda future trends analysis study was made;º º Cocreation.pt initiative is still active toincentivise sharing innovative ideas in areas ofinterest common to the company, the scientificcommunity and the society.Corporate consolidationcriteriaIn the Group’s organisation chart – OrganisationStructure -, the summary of the universe of companiesincluded in the annual report can be found.COMPANIES INCLUDED IN THE CONSOLIDATIONUNDER THE PROPORTIONAL METHOD AS ATON DECEMBER 31 ST , 2012Society’s Name% ConsolidationFlat Rock Windpower II LLC 50%Flat Rock Windpower LLC 50%ARQUILED-Proj. Iluminação, SA 40%Arquiservice - Consult Serviços 35%BIOASTUR AIE-2 50%EDP PRODUÇÃO BIOELÉCTRICA, SA 50%Compañía Eólica Aragonesa, S.A.-2 50%CIDE HC Energía, S.A. 50%COGENERACION Y MATENIMIENTO AIE-2 50%Desarrollos Energeticos Canarios S.A.-2 50%Serviços, ACE 60%EVOLUCIÓN 2000, S.L.-2 49%Futurocompact, Lda 40%Porto do Pecém Geração de Energia S.A. 50%ELETRICA 50%PECEM TRANSPORTADORA DE MINERIOS 50%Ródão, S.A.. 50%TEBAR EÓLICA, SA-2 50%Consolidation criteria on operational andsustainability information follow EDP Groupaccounts consolidation methods:º º Full consolidation method: when the mothercompanydetains directly or indirectly themajority of the voting rights (% of control orpossession) of the affiliate. In this case, theperformance of the affiliated companies isreported in full;º º Proportional consolidation method: whena company included in the perimeter of theaccounts consolidation runs another companytogether with one or more companies notincluded in the perimeter. In this case, thereport should only concern the performancecorresponding to the percentage of the detainedparticipation in the company jointly controlled.A list of the companies and their consolidationmethod is available in note 52 of the financialdemonstrations of this report (page 252).The consolidation of the operational informationconcerning the new Pecém thermal powerplant is still limited, not being fully reported inaccordance with the predicted consolidation criteria(proportional consolidation method: 50%). Along2012, it was only possible to report the informationrelated with the number of employees (107), whereasthe social and the environmental informationis not reported in full. This exception wasconsidered non-material, once that it does not affectsignificantly the performance of the sustainabilityinformation presented along the report.In 2012, EDP decided to boost the level of externalverification on the sustainability information reportfor a set of 30 key indicators that can be found inpages 18 and 19 of this report. Exception was madeto the Expenditures indicator in R&D, due to a needof reviewing the concept presently applied and theinformation clearance schedule.By this report’s closing day, the reported informationstill corresponds to an estimate of the R&Dexpenditure. This process is being improved and itsinclusion is expected to happen in the reasonableverification in 2013.This verification was made by an independent entity,KPMG Advisory, Management Consultants, Ltd.GlossaryIn order to improve the report’s transparency,the glossary may be consulted on-line, wherethe definition of quantitative indicators and usedmethods presented along the document can befound in: www.edp.pt/pt/pages/glossário.aspx.GRI e Global CompactThis Report was prepared in accordance withGlobal Reporting Initiative’s orientation.The following table summarises the indicatorsaccording to the Electric Sector Protocol, takingresponsibility with terms to implement thespecific indicators which was not possible to fullycomply. The complete table can be found inwww.edp.pt> sustainability> publications.EDP - Annual Report 2012281