Climate Change Data

EDP Redes España

Climate Impact & Sustainability Data (2021)

Reporting Period: 2021

Environmental Metrics

Total Carbon Emissions:1789.1 ktCO2eq
Scope 1 Emissions:2.0 ktCO2eq
Scope 2 Emissions:82.5 ktCO2eq
Scope 3 Emissions:1789.1 ktCO2eq
Waste Generated:8259 tons/year
Carbon Intensity:5.7 gCO2/kWh

ESG Focus Areas

  • Climate Change
  • Energy Transition
  • Circular Economy
  • Biodiversity
  • Safety
  • Diversity & Inclusion
  • Stakeholder Engagement
  • Governance

Environmental Achievements

  • Reduced Scope 1 and 2 emissions intensity by an unspecified amount vs 2015.
  • Reduced Scope 3 emissions by an unspecified amount vs 2015.
  • Offsetting of Scope 1 and 2 emissions from 2021 (25 kt)
  • Improved waste recovery rate (60% to 84%)
  • Replaced 100 km of bare conductors with insulated conductors in Galicia.

Social Achievements

  • Signed the 4th Collective Bargaining Agreement for Viesgo and BEGASA.
  • Launched the Playitsafe safety program.
  • Implemented the Vega integration project, exceeding efficiency targets.
  • Improved employee safety performance (50% reduction in accidents compared to 2020).
  • Launched the Mind Your Mind mental health campaign.

Governance Achievements

  • Implemented a new Code of Ethics.
  • Implemented a new Human and Labour Rights Policy.
  • Expanded third-party due diligence obligations.
  • Improved cybersecurity measures.

Climate Goals & Targets

Long-term Goals:
  • Achieve climate neutrality by 2050.
Medium-term Goals:
  • Achieve carbon neutrality with 100% renewable production by 2030.
Short-term Goals:
  • Reduce emission intensity (Scope 1 and 2) by ≈70% vs 2015 by 2025.
  • Reduce Scope 3 emissions by ≈30% vs 2015 by 2025.
  • Reduce total waste and improve waste recovery rate by -85% vs 2015 by 2025.
  • Implement action plans in activities involving biodiversity risks (100%) by 2025.
  • Internalise natural capital in decision-making processes (100%) by 2025.
  • Implement action plans and spread them in each BU (100%) by 2025.
  • Achieve 30% women in staff and leadership positions by 2025.
  • Achieve zero fatal accidents by 2025.
  • Reduce frequency rate (accidents) to <1.00 by 2025.
  • Achieve 40% procurement volume with ESG criteria by 2025.
  • Assess 100% of critical suppliers on sustainability matters by 2025.
  • Achieve top quartile in ESG assessment indices by 2025.

Environmental Challenges

  • COVID-19 pandemic and its impact on operations and integration.
  • High volatility in energy markets.
  • Regulatory changes.
  • Climate change risks (physical and transition).
  • Cybersecurity threats.
Mitigation Strategies
  • Proactive risk management and contingency planning.
  • Investment in grid modernization and digitization.
  • Monitoring of regulatory developments.
  • Climate change adaptation plan (PACC2).
  • Strengthened cybersecurity governance model.

Supply Chain Management

Supplier Audits: 100% of critical suppliers audited on sustainability criteria.

Responsible Procurement
  • Supplier Code of Conduct
  • Procurement Policy
  • Contractual Conditions
  • ESG audits
  • Human and Labour Rights Policy
  • Integrity Due Diligence procedure

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events
Transition Risks
  • Regulatory changes
  • Market shifts
Opportunities
  • Development of energy-efficient products and services
  • Investment in renewable energy and storage

Reporting Standards

Frameworks Used: GRI (Essential option), Directive 2014/95/EU

Certifications: ISO 14001, ISO 45001

Third-party Assurance: PwC (ISAE 3000)

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation and Infrastructure)
  • SDG 11 (Sustainable Cities and Communities)
  • SDG 13 (Climate Action)

Initiatives contribute to these goals through renewable energy promotion, grid modernization, sustainable urban development, and climate change mitigation.

Sustainable Products & Innovation

  • Smart grid technologies
  • Energy storage systems
  • Digital tools for grid management

Awards & Recognition

  • E.DSO award for digital transformation of the grid
  • GRESB recognition for Viesgo
  • Dow Jones Sustainability Index ranking (first place in utilities sector)