EDP Energias de Portugal
EDP – Energias de Portugal SA is a publicly listed (23.27% owned by China Three Gorges) energy company headquartered in Portugal. In 2019, its revenue was US$16.08 billion and installed capacity was 26.53 GW. EDP has a presence in 19 countries across four continents, including North and South America. Its low-carbon transition is focused on renewable expansion, customer and network solutions. More commitment needs to be shown to gas phase-out.
- Ranking position
- #3 /50
- Total score
- 11.8 /20
- Narrative Score
- ABCDE
- Trend Score
-
- Trend line is up
- Trend line is equal
- Trend line is down
Leading practices
Risks and opportunities
Trend
EDP is awarded a trend score of -. If the company were reassessed in the near future, its score would likely worsen. Although EDP is on track to meet its low-carbon aligned target, its limited performance on emissions reductions between 2013-2018 raise concerns whether this progress will be maintained. The company has planned its coal phase-out, but ongoing gas use to between now and 2033 means that its locked-in emissions exceed its low-carbon budget for absolute emissions. EDP has a comprehensive low-carbon transition plan and profitable low-carbon business models. However, without a clear strategy to phase out its gas assets in Europe, EDP will fall further behind on its low-carbon pathway.
Progress towards the Paris Agreement
More about the company
- Headquarters
- Lisbon, Portugal
- Ownership structure
- Publicly listed, with 23.27% owned by China Three Gorges
- Group revenue
- US$16.08 billion (2019)
- Installed capacity
- 26.53 GW (2019)
- Website
- https://www.edp.com