Annual Report - EDP

: strategic framework :2.3 objectives and goalsObjectives Goals date status obervationsEconomic and Social valueTo focus on growthTo promote internal efficiencyTo control risk exposureTo improve the integration of sustainability practicesin the internal managementEBITDA CAGR: ~5% per year 2011-2015 Goals for 2015. In 2012 the growths are belowNet Profit CAGR: low single digit 2011-2015target, as antecipatedPayout ratio between 55% and 65% of recurrentNet Profit (min. €0.185 per share)2012-2015 Payout ratio of 60% (2011 dividend paid in 2012)Annual average Operational Investment: EUR 2,000 m 2012-2015 Operational Investment of EUR 2,011 m in 2012Total investment on renewable energies: 60% annualaverageInstalled Capacity of 26 GW 2015Clean installed capacity higher than 70% of totalinstalled capacityOPEX savings of EUR 75 m in 2012 andEUR 130 m in 20152012-2015 61.6% of 2012's operational investment2015In 2012 the installed capacity surpassed 23 GWof which 66% are renewables2012-2015 The goal for 2012 was surpassedRatio Adjusted Net Debt/EBITDA lower than 3.0x 2015 Goal for 2015. In 2012 the ratio is below target,as antecipatedKeep the SAM Gold Class 2012 This commitment remains until 2015Eco-efficiency and environmental protectionTo focus the growth to a cleaner productionStrenghten an appropriate environmental managementof EDP’s activitiesTo promote the best environmental practicesin the value chainReduce CO 2specific emissions by 70% until 2020,in comparison with 2008 valuesIncrease 1,300 MW of installed capacity certified byISO 14001Increase 945 MVA (20 Substations) certified byISO 14001, in the Distribution activity2020 Goal for 2020. This year the Group's CO 2specificemissions increased compared to 2011.More information on page 64.2012 More 1,470 MW of certified installed capacity2012 More 42 certified substations in all Group'sDistribution activityJoin the Better Coal international Initiative 2013 New More information on page 80.InnovationTo promote the competitiveness and productivitythrough innovationIntegrity and Good GovernanceStrenghten the ethics in all EDP’s emplyees’ cultureFinance R&D and Innovation projects totalling at leastEUR 60 mKeep the recognition of the World Most Ethical Companiesof Ethisphere Institute2012 Keep the financing in EUR 20 m per year until 2015.Detailed information on page 59.2012 EDP was already included in the ranking, in 2012Transparency and dialogueReport transparently and ensure an open and trustingrelation with the stakeholdersImprove the Group’s environmental performance reportReview the relation model with the stakeholders 2012 Creation of a Corporate Department of InstitutionalRelations and Stakeholders. More information onpages 85 and 109.Publish a multifunctional and atractive Annual Report ina web format2012 The EDP 2012 Annual Report is already availablein www.edp.ptComplete the report of GHG emissions, scope 3 2015 NewHuman Capital and DiversityStrenghten health and safety management in all EDP’s GroupWork towards “Zero accidents,no personal harm”Keep a high level of employees’ satisfactionImplement the action plan of the Diversity PolicyObtain and maintain a corporate certification of the SafetyManagement SystemReduce the frequency of on-duty accidents with EDPemployees and service providers by 5%, comparedto 2011Keep the Global Satisfaction level of employeesabove 80%2013 Detailed information on page 72.2012 This goal remains for 2013, compared to 20122013 Not The satisfaction survey is biannual.applicable The next one will take place in 2013in 2012Between 10 and 15 measures 2013-2015 New Detailed information on page 71.Access to energyKeep or improve the quality levels of technical and commercialservices provided to our customersEnsure that ICEIT and EIDC are above the levelsset by Regulators2012 This goal remains for the period 2013-2015Social development and citizenshipEnhance a close relation between the company and the societyBudget allocated to Fundação EDP up to 0.1%of the Group's 2011 turnoverExtend the Volunteer Program to all EDP's Group andincrease the number of Volunteering partnerships by 30%2012 Annual goal, approved in the General Meeting2012 Increase the number of Volunteering partnershipsby 50% until 201532A World Full Of Energy