Reporting principles

 

This sustainability report responds to the GRI G3.1 Guidelines indicators, 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.

EDPR is not considered an Utility company. In both cases (GRI indicators and Sector Supplement indicators) exceptions that may exist are explained, due primarily to the fact that the Company’s core business is based in generation from renewable sources and does not include power distribution nor power commercialization. We also consider as our final product the electricity produced by our wind energy assets. EDPR is committed to the progressive improvement of the information provided.

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.

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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 the Company 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 2012 Annual Report.

To learn more about the GRI guidelines, please visit www.globalreporting.org.

GRI APPLICATION LEVEL

The company self-declares to have reached the level A+, as confirmed by KPMG. This report has also been GRI-check to confirm that the report addresses GRI’s standard disclosures.

GRI PRINCIPLES

MATERIALITY
This report includes the relevant information for the company’s stakeholders, as derived from the materiality studies performed.
STAKEHOLDER INCLUSIVENESS
The concerns and the feedback received from our stakeholders were taken into account during the report’s creation.
For additional information about who are our stakeholders, please visit www.edpr.com.
SUSTAINABILITY CONTEXT
This report is placed in the context of the company strategy to contribute to the sustainable development of society, whenever possible.
COMPLETENESS AND BALANCE
Unless otherwise stated, this report covers all the company’s subsidiaries and is presented in a balanced and objective perspective.
ACCURACY, CLARITY, COMPARABILITY AND RELIABILITY
The information presented follows the
GRI directives aim to make information comparable, traceable, accurate and reliable.
TIMELINESS
The information presented in this report relates to FY2011. EDPR is committed to report sustainability information at least once a year.