ESG REPORT 2021

LEADING ON ESG MATTERS AT EDP 
We are also contributing to a greener future in regions affected 
by coal phase out through new investments aligned with the 
energy transition, namely green hydrogen.  
EDP also started a program to ensure the engagement of direct 
suppliers with the goals of decarbonization, transparency and 
equality, while maintaining the objectives of guaranteeing 
respect and protection of fundamental human and labour rights. 
In 2021, despite our best efforts, we still faced 7 fatalities with 
contractors' workers. We deeply regret these fatalities and loss, 
and we continue to work hard to achieving zero occupational 
accidents, reinforced by the launch of the “PlayitSafe” program.
Further, we are also addressing the vulnerability of people and 
communities, through contributions to reducing energy poverty 
and investments in access to energy projects, mainly in Africa, 
having committed €22.5M until 2025. 
Governance
In 2021, we also took steps to further streamline our 
governance structure, reaching 40% and 38% women 
representation at Executive Board of Directors (EBD) and 
General Supervisory Board levels, respectively, and making 
further efforts in the transparency of gender data reporting. 
We intend to continue leading by example and were pleased 
to once again be recognised by the Bloomberg Gender 
Equality Index 4. EDP also renewed its EBD’ Remuneration 
Policy, reinforcing ESG metrics on variable components.
Key Highlights
2021 saw an unprecedented global movement of net zero 
commitments by countries, cities, regions, businesses and 
investors. While COP26 conﬁrmed "code red for humanity" 
amidst the IPCC1’s starkest assessment ever, it also kept to 
the objective to limit the global temperature rise to 1.5°C. 
The energy transition emerged as the greatest challenge of 
our time, with the High-Level Dialogue on Energy (UN HLDE) 
convened in September by the UN Secretary General. The 
IEA Net Zero Report signaled a very narrow pathway to 
fulfill net zero, combining renewables, electrification and 
energy efficiency with adequate policies and further 
technological innovation. Greater collaboration and action 
are needed from entire ecosystems, across business, supply 
chain, governments and civil society. 
We revised our business strategy (BP 2021-25) which now 
comprises ambitious ESG  targets focused on leading the 
energy transition, protecting the environment, delivering a 
positive impact on society and maintaining strong 
governance. 
We committed €24 bn of further investment in the energy 
transition and we are set to become coal free by 2025 (zero 
contribution of coal to our revenues by 2025 year-end). 
Furthermore, we plan to be “All Green”(100% renewables in 
our portfolio), and carbon neutral by 2030 (reducing our 
scope 1 and 2 emissions by 98%).
This year we continued to work with our partners and 
relevant business networks, including the UN, UN Global 
Compact, WBCSD, The Climate Group, We Mean Business, 
SEforALL, on collective projects and initiatives to further 
advance those topics.
EDP continues to lead from the front as recognized from 
global indexes –we were ranked as the most sustainable 
electricity company in the world by the Dow Jones 
Sustainability Index2 and yet again recognized as one of the 
most ethical companies in the world by the Ethisphere 
Institute. 
ESG Report 2021
In April, we also became part of the S&P Global Clean Energy 
Index. 
Environment
Our CO2 emission reduction targets were recognized by The 
Science Based Target Initiative (SBTi) as in line with climate 
science requirements towards limiting global warming to 
1.5ºC. 
In 2021, we reached 19.6 GW of renewable installed capacity 
corresponding to 80% of our total capacity. We also achieved 
51% reductions in our scope 1 and 2 CO2 specific emissions, 
and 30% reductions in our scope 3 CO2 emissions, compared 
to 2015 levels. We continued to improve our energy efficiency 
products and services by offering decentralized PV solutions, 
electric charging points for E-mobility and helping companies 
capture opportunities powered by digitalization and 
technological advancements. Moreover, we continue to 
reduce our specific emissions throughout the years, with 
2021 figure being strongly penalized by the hydro crisis in 
Brazil, which prompted a high utilization rate of Pecém 
thermal plant, dispatched by the Brazilian electricity system 
operator. Nevertheless we reiterate our commitment to 
achieve ~100 gCO2/kWh in 2025.
In 2022, we will step up efforts to reduce scope 3 emissions in 
accordance with the latest scientific data, aligned with the 
recent SBTi 3 Net Zero Standard.
Social
Our sustainability strategy is framed, by the UN’s Sustainable 
Development Goals and is anchored on detailed policies and 
commitments. We continue to contribute to SDG7 - Access to 
Affordable, Reliable, Sustainable and Modern Energy for All. In 
addition to our “All Green” goal, we committed to closing all coal-
fired power plants in Iberia by 2025 while seeking to support 
workers and communities.  
Miguel Setas
Executive Board Member
 
 
 
 
 
 
Intergovernmental Panel on Climate Change 
https://www.spglobal.com/spdji/en/indices/esg/dow-jones-sustainability-world-index/#overview
 Science Based Targets Initiative  
https://www.bloomberg.com/gei/
2.
1
2
3
4

ESG PERFORMANCE AT A GLANCE
TARGET
INDICATOR
UNIT
2021
2020
Δ %
2025
2030
%
63%
58%
gCO2/kWh
176
156
%
75%
74%
%
8%
8%
0
0
kt
216
309
+5p.p.
13%
+1p.p.
-0p.p.
-30%
70%
~100
85%
118
>80%
0
100%
30
ENVIRONMENT
SOCIAL
GOVERNANCE
Female Overall
Accident Frequency Rate2
Employee Engagement (top tier company)1
%
Fr
27%
1.79
25%
1.74
+2p.p.
3%
ESG & equity linked compensation for Top Management3
Female on Leadership 
Cybersecurity
Top quartile in ESG rating Performance5
.
%
bitsight rating
.
26.5%
790
Scope 1 & 2 Emissions Intensity
Revenues aligned with EU taxonomy 
Renewables Generation
Total Waste
Coal Installed Capacity 
Revenues aligned with the EU Taxonomy increased 
to 63% as we continue to accelerate growth and 
invest in the Energy Transition, with total Gross 
Investments increasing by 4% YoY, amounting to 3.9 
billion euros in 2021, 95% of which in Renewables and 
Networks.
Renewables represented 75% of electricity 
generated by EDP in 2021, as we continue to ramp-up 
renewables deployment, with 2.6 GW of wind and 
solar capacity added in the last 12 months.
Speciﬁc CO2 emissions increase in 2021 is related to 
the increase of production in Pecém in Brazil, due to 
adverse hydrology in the Northeast of Brazil in this 
period, given that Brazil is experiencing the worst in 
hydrology crisis for the past 91 years.
Total waste decreased by 30% YoY, mainly 
explained by the reduction in activity in Portugal, 
due to Sines shutdown. This led to a total reduction 
of waste sent to ﬁnal destination and also to a 
reduction in the volume of by-products. 
Accident Frequency rate increased to 1.79 in 2021 
(+3% YoY), in a very unfortunate year, in particular 
within our service providers. EDP continues determined 
to strengthen the culture of Occupational Health and 
Safety, having started in 2021 a new program, 
“Playitsafe”, to raise awareness of the importance of 
building and adopting safe habits at EDP. 
In 2021, females representation stood at 27% of 
EDP’s workforce representing 2p.p. increase versus 
2021.
ESG Report 2021
    Sustainable Finance Disclosure Regulation (SFDR) Indicator
1. Above the high performing norm, including results of surveys done to more than 875,000 employees in 50 high performing organizations and is based on company financial
performance and engagement and enablement scores. 2. Number of accidents at work with absence/fatalities, per million hours worked (including employees and contractors);
3. Applicable to Board of Directors and top management; 4. >= 740;  5. Includes DJSI, FTSE4Good, MSCI and Sustainalytics.
24.6%
800
+2p.p.
-1%
30%
Keep advanced4
35%
30%
1.55
35%
<1
3.
X

OPERATIONAL HIGHLIGHTS COMMITTED TO A RENEWABLES PATH
Hydro Coefﬁcient (%)
Portugal
Spain
Brazil 3
Renewables Index4 (%) 
Electricity distributed (GWh) 
Portugal
Spain
Brazil
Customers connected (#th) 
Portugal
Spain
Brazil
Total Energy consumption
Total Renewable consumption (GWh)
Fuel 
Electricity 
Self-generated non-fuel renewable energy
Total Non-Renewable consumption
Fuel 
Electricity 
Energy consumption intensity (MJ/€)
Installed Capacity (MW)1,2
Electricity Generation (GWh)
79%
12%
80%
12%
23,680
24,651 
Renewables
Coal
Other
Gas
2020
2021
74%
15%
9%
75%
11%
12%
64,318
60,929 
Renewables
Coal
Other
Gas
2020
2021
ESG Report 2021
2021
2020
Δ %
93%
90%
72%
97%
100%
79%
-4p.p.
-10p.p.
-7p.p.
-4%
-5%
+0,4p.p.
44 752 44 143
1%
14 117
7 559
87%
26 016 24 658
6%
6 370
6 302
1%
1 376
1371
0%
3 680
3 601
2%
38 432 39 407
-2%
1 556
5
1494
36 876
35 522
1 550
1 355
9
1 533
4
1 478
37 874
36 291
1 528
1 583
11
1%
9%
 1%
-3%
-2%
1%
-14%
-19%
    Sustainable Finance Disclosure Regulation (SFDR) Indicator
1.EBITDA MW; 2. Other includes Nuclear, Cogeneration & Waste; 3. Brazil hydro coefficient refers to ENA index; 4. Renewables Index (vs. LT avg. Gross Capacity
Factor).
1%
1%
2%
2%
4.
8%
8%
84 885 76 360
11%
11 427 11 274
 1%

ESG Report 2021
NEW SERVICES HIGHLIGHTS COMMITTED TO DRIVE NEW CLIENT SOLUTIONS AND SMARTER NETWORKS
%
16%
12%
ktCO2
8 950
8 531
Energy efﬁciency
Energy Services Revenues / Turnover 1
Energy Efﬁciency Services Revenues 
UNIT
2021
2020
Δ %
%
8.6%
8.5%
+0p.p.
€ m
261
245
7%
Distributed solar 
MW
392
97
304%
MW
76
53
44%
MW
42
15
185%
MW
110
28
290%
MW
164
  1
Light ﬂeet electriﬁcation 
Electric charging points 2
Clients with electric mobility solutions 
%
13%
11%
#
3 804
1 811
+2p.p.
110 %
# th
43 500
18 747
132 %
Smart meters 
# m
5.4
4.6
17%
# m
0.3
0.2
99%
Iberia
Brazil
Electricity grid losses3
Portugal
Spain
Brazil (São Paulo)
Brazil (Espírito Santo)
Customers with Sustainable Services 4
CO2 savings downstream
5 
%
8.6%
9,0%
-0.3p.p.
%
4.7%
3.8%
+1p.p.
%
8.3%
8.6%
-0.3p.p.
%
12.4%
13.4%
-1p.p.
5.
1. Energy service: Services provided under energy supply, installation of more efficient and/or building retrofit, and sustainable mobility, which 
generate revenues for the company; 2. Includes public, private and charging points inside EDP facilities; 3. Based on electricity entered in the 
distribution grid 4. Sustainability Services concept aligned with EU taxonomy. Excludes Health Insurance, Fatura Segura and Gas Certification. 
Includes only B2C electricity clients; 5. CO2 avoided by carrying out efficiency improvement measures that lead to a reduction in customer 
consumption, as well as measures to replace energy sources with other less CO2-emitting ones, namely replacing fossil fossils with renewable 
energy sources or sustainable mobility;
+4p.p.
5%
 -
Contracted capacity 
Portugal
Spain
Brazil
US & Other
E-mobility

ESG Report 2021
176
156
13%
9 805
9 311
5%
792
594
33%
10 304
11 572
23 752
25 167
-6%
8.89
6.17
44%
12.14
8.23
48%
1.26
0.92
37%
14 527
11 944
22%
13 045
10 252
27%
173 769
174 594
0%
28 843
18 774
54%
83%
92%
-10p.p.
6 728
5 810
16%
88.2
67.0
32%
334.2
242,1
38%
40.1
10.7
18.0
16.4
10%
275%
90%
94%
-4p.p.
62%
66%
-5p.p.
73%
73%
-0p.p.
7%
6%
+1p.p.
63%
58%
+5p.p.
Greenhouse gas emissions (ktCO2eq)
Scope 1 & 2 Emissions Intensity (gCO2/kWh)
Scope 1 GHG Emissions
Scope 2 GHG Emissions1
Scope 3 GHG Emissions2
Avoided emissions
Air quality (kt)
NOx emissions 
SO2 emissions 
Particulate matter emissions 
Water management (103m3)
Total freshwater withdrawn 
Total freshwater consumed 
Coal & Waste management (t)
Total waste disposal
Total coal combustion waste disposal 
Average waste recovery rate (%)
Hazardous waste
Environmental matters (€ m) 
CAPEX 
OPEX 
Environmental ﬁnes and penalties (€ th) 
Vegetation management3 
ISO 14001 Certiﬁcation (%) 
Low carbon economy (%)
EBITDA in Renewables 
CAPEX in Renewables
Revenues from coal
Revenues aligned with EU taxonomy2 
CO2 / Revenues4 
0.71
0.80
-11%
ENVIRONMENTAL HIGHLIGHTS COMMITTED TO A CARBON-FREE ECONOMY
here
-51% (vs. 2015) Scope 1
& 2 Emissions Intensity
- 1,180 MW Coal
Decomissioned YoY
63% Revenues aligned 
with EU taxonomy 
in 2021
2021
2020
Δ %
FOR MORE INFORMATION 
PLEASE CHECK OUR 
BIODIVERSITY REPORT 
    Sustainable Finance Disclosure Regulation (SFDR) Indicator
1. Scope 2 emissions according with GHG Protocol based location methodology. 2. Annual Indicators; 3. Vegetation
manaement includes CAPEX and OPEX. 4. Defined as the company’s annual GHG emissions (Scope 1 and Scope 2),
expressed as metric tons of carbon dioxide equivalent (tCO2eq) emissions, divided by revenues for the corresponding
year, expressed in millions of euros.
2015
2018
2019
2020
1H21
9M21
167
176
6.
-11%
Scope 1 & 2 Emissions Intensity
361
131
230
156
2021

ESG Report 2021
SOCIAL HIGHLIGHTS COMMITTED TO PROVIDE A FAIR AND SAFE WORKPLACE
UNIT
2021
2020
Δ %
Employment 
Employees 
#
12 180
0%
Female employees
%
27%
12 236
25%
+2p.p.
Female/Male ﬁxed salary 
x
1.06
1.05
1%
Employee Engagement 1
%
76%
80%
Employee Enablement 1
%
71%
74%
Employee Turnover
%
12.6%
11.5%
+1p.p.
Absenteeism
%
2.8%
Training
Total hours of training
h
337 295
273 873
23%
Employees with training
%
100%
100%
-
Direct training investment 
€ th
3 704
3 250
14%
Health and Safety
Accidents with lost workdays EDP
#
21
17
24%
Accidents with lost workdays contractors 3
#
132
115
15%
Fatal work-related injuries EDP
#
0
0
Fatal work-related injuries contractors
#
7
3
133%
Frequency rate EDP
Fr
0.92
0.77
19%
Frequency rate contractors
Fr
2.09
2.12
-1%
Total recordable injury rate
RFr
2.45
2.37
3%
Total recordable injury rate EDP
RFr
1.4
1.04
35%
Total recordable injury rate contractors
RFr
2.82
2.90
-3%
Social Investment
Beneﬁciary Entities 
#
994
1051
EDP volunteers 
#
3 681
2 482
-5%
48%
EDP time used in volunteering 
h
11 307
14 457
-22%
Total Investment
€ th
21 275
20 654
3%
Social Investment
€100M by 2030
30% female 
employees by 2025 
Top Tier Company in
Employee Engagement 
Accident Frequency
Rate <1 
Closer to you
30%
Other
16%
Biodiverstity
3%
Skills
11%
Energy
Inclusion
6%
21M€
Contemporary
Culture
34%
7.
-4p.p.
-3p.p.
    Sustainable Finance Disclosure Regulation (SFDR) Indicator
1. For 2020, number of employees including Viesgo, all other employment figures do not include Viesgo. 2. Engagement -
reflects the involvement and commitment by employees; Enablement - reflects the the perception of organizational 
support by employees. 3. Accidents occurred at the place and working time or on a journey, with 1 or more days of
absence and fatal accidents. 4. With Closer to you Programme EDP, aims to support the most disadvantaged groups in
the communities. For more information please see our Sustainability Report.
4
2.7%
-0p.p.
Disability Hires
%
0
25
-
-

GOVERNANCE HIGHLIGHTS COMMITTED TO THE BEST PRACTICES
General and Supervisory Board 
Approved on the General Shareholders' Meeting on the 14th April 2021
Reduced number of members from 21 to 16
Shareholder’s
Meeting
Board of the 
Shareholder’s 
Meeting
Remuneration 
Comittee of the GM
Executive Board of 
Directors
Environmental and 
Sustainability Board
General enad 
Supervisory Board
Statutory Auditor
USA business Affairs 
Monitoring Comittee
Corp. Govern and 
Sustainability 
Comittee
Remuneration 
Comittee
Financial Matters 
Comittee
3
3
5
16
2
5
7
5
3
5
Gender
Diversity
Female
38%
Male
62%
Independence
Non-Independent
44%
Independent
56%
ELECTION OF THE MEMBERS 
OF THE GSB (1/2)
ELECTION OF THE MEMBERS 
OF THE GSB (2/2)
ANNUAL REPORT 
OF THE GSB
Corporate Entities
Corporate Bodies
Other Statutory Bodies
Environmental,
Climate Change
& Social | 4
General 
Supervisory 
Board thematic 
skills
Control &
Compliance | 4
Ethics, 
Governance
& Legal | 8 
International
Experience | 11
Energy /
Utilities | 9
Accounting,
Auditing
& Finance | 10
Digital, IT &
Cybersecurity | 1
Risk Management, 
Health & Safety | 2
Strategy,
Capital Mkts
& M&A | 14
Human
Resources | 6
Independent, diverse and experienced General Supervisory Board with a strengthened cohesion
Full-time and independent Chairman 
8.
ESG Report 2021

GOVERNANCE HIGHLIGHTS COMMITTED TO THE BEST PRACTICES
Miguel Stilwell d’Andrade
(CEO)
Miguel Setas
Ana Paula Marques
RE
NE
WA
BL
ES
CLI
EN
T S
OL
UT
IO
NS
 & 
EN
ER
GY
 M
AN
AG
EM
EN
T
NE
TW
OR
KS
Rui Teixeira
(CFO)
Vera Pinto Pereira
Gender
Diversity
Female
40%
Male
60%
Age
Diversity
50-55
20%
40-44
20%
45-49
60%
Board
Tenure
0 to 2
years
20%
8 years
or more
20%
3 to 7
years
60%
Executive Board of Directors 
Reduced number of members from 9 to 5
Approved on the Extraordinary General Shareholders' Meeting on the 19th  January 2021
9.
ELECTION OF THE 
MEMBERS OF THE EBD
ESG Report 2021

ESG Report 2021
GOVERNANCE HIGHLIGHTS OVERVIEW OF THE REMUNERATION POLICY
TSR vs Eurostoxx utilities
40%
Individual performance
20%
EPS cumulative recurring
20%
ESG Indicators
20%
Increase of share of renewable energy production
Emissions reduction
Bloomberg Gender Diversity Performance
Long-term
KPIs
TSR vs Eurostoxx utilities
20%
Individual performance
20%
ESG Indicators
20%
EPS recurring
20%
FFO/Net Debt
10%
Recurring Cash OPEX
10%
Short-term
KPIs
DJSI Results
Perfomance in employees’ yearly climate study
Performance in customer satisfaction index
 Comparison with Budget
 Max. Limit: 80% ﬁxed remuneration
 Max. Limit: 80% ﬁxed remuneration
 Comparison with Budget
 Max. Limit: 145% ﬁxed remuneration
>85% of the targets need to be accomplished
Performance measured during 3 year period
New Remuneration Policy aligned with Best Practices
Approved on the General Shareholders Meeting on the 14th April 2021
CORPORATE 
GOVERNANCE
EBD REMUNERATION 
POLICY 2021 - 2023
CODE OF ETHICS
39%
variable LT
21%
variable ST
%
ﬁxed
40%
ﬁxed
100%
TARGETS
~150%
TARGETS
Mininum
Remuneration
Maximum
Remuneration
variable LT
variable ST
ﬁxed
45%
variable LT
25%
variable ST
31%
ﬁxed
10.

ESG Report 2021
DIGITALIZATION & INNOVATION HIGHLIGHTS COMMITTED TO DRIVE TRANSFORMATION  
DIGITALIZATION
UNIT
2021
2020
Δ %
Global
Global
Cybersecurity 
bitsight rating
790
800
-1%
6%
Digital 
Customer 
Selfcare Interactions1 
%
80%
56%
+24p.p.
Business
Electronic Invoices1 
%
39%
47%
-8p.p.
Assets & Operations 
Predictive Maintenance1.2 
%
64%
79%
-15p.p.
Enterprise
Digitalized Processes1 
%
84%
85%
Digital 
Data & Technology
Systems in the cloud1
%
43%
47%
-4p.p.
Enablers
People & Organization
Employees w/ digital training1
%
84%
86%
Employees in Collaborative 
Initiatives1
%
25%
15%
INNOVATION
Innovation 
Total investment (TOTEX)3 
€ Mn
96
50
92%
Team
Employees3 
#FTE
321
239
34%
Investment 
Ongoing investments VC 
#
38
31
23%
Portfolio
VC investment 
€ Mn
7,2
3,8
87%
VC investment cumulative4
€ Mn
39,5
32,5
21%
EDP is a partner within a consortium which is working on a R&D project called ATLANTIS. The 
project aims at fostering the use of robotic assets in the offshore wind energy supply chain, by 
demonstrating their beneﬁts in terms of improving the efﬁciency of O&M activities by reducing 
their cost while de-risking interventions. ATLANTIS technologies allow for more accurate and 
faster activities with consequent lower downtimes and loss of proﬁtability. The development and 
integration of the ATLANTIS’ approach into operating offshore wind farms could bring a general 
reduction of O&M costs up to 10% and consequently a LCoE reduction estimated in the range of 
up to 2%. EDP will coordinate the demonstrations in Windﬂoat Atlantic wind farm. Mooring lines 
and the structure will be inspected by the ATLANTIS robots to detect cracks and defects which 
represent one of the major concerns and which nowadays are spotted by divers.
1. Changes in scope of reporting limits comparability; 2. 2020 Conventional Generation (PT & SP);
2021 Generation (PT & SP), EDPR & EDP Brasil; 3. Excluding Brazil in 2020; 4. Net of disinvestments;
11.
Digital CAPEX
€ m
216
229
-0p.p.
-2p.p.
+1p.p.

ESG Report 2021
0/100
91
0/5
Top 6%
0/100
D--A+
B+
100-0
19,4
CCC-AAA
Top 7%
A-
Dec-21
Apr-21
RATER
SCORE
RANKING 
Dec-21
Sep-20
Dec-21
Dec-21
Nov-21
LAST ASSESSMENT
3rd
2
1
1
ESG RATINGS COMMITTED TO EXCELLENCE 
D--A+
D--A+
For more information on EDP’s 
sustainability performance 
please visit our website
For more information on on 
indicators please visit our 
online glossary 
1. The comparable peers exclude companies that manage transmission grids, only includes the ones that handle throughout the electricity value
chain and electricity/gas supply. S&P ranking is considering the members' companies of DJSI World and Europe; 2. The ESG Risk Rating
measures a company’s exposure to industry-specific material ESG risks and how well a company is managing those risks (opposed to a score).
This rating distinguishes five levels ranging from 100 (Severe) to 0 (Negligible). EDP is considered to have a medium level of risk.
Top quartile in ESG rating performance
12.
RANGE
1st
71
n.a.
n.a.
AAA
n.a.
n.a.
A-

EDP SUSTAINABILITY REPORT 2021
ESG Report 2021
13.
For further information please visit our sustainability report and our ESG DAY page available in our website
As regulation evolves, we will continue to be proactive in the adoption of the most recognized reporting standards. The indicators included in this report 
are selected based on their relevance to investor communities and our business operations.  For more sustainability information please see full-year EDP 
Sustainability report here. 
Our annual sustainability report follows other voluntary regulatory reporting frameworks, namely the Task Force on Climate-related Financial Disclosures 
(TCFD), the Sustainability Accounting Standards Board (SASB) and the Portuguese Securities Market Commission (CMVM).