EDF awarded at the CDP Europe Awards for its sustainable performance against climate change
On 25 February, EDF was awarded at the CDP Europe Awards. For the third time1, EDF features on CDP Climate Change's A list, which recognises the leading companies in terms of transparency and goals for their approach to carbon and their commitment to fighting climate change.
The Group particularly stood out in three areas: Risk Management Processes, Risk Disclosure and Opportunity Disclosure. This puts EDF in the top 2% of companies in CDP's rankings out of the 8,000 businesses assessed and amongst the two French utilities in the top 10 for that category.
This achievement recognises EDF's corporate responsibility. The Group is determined to play a key role in the fight against global warming. In 2019, direct CO2 emissions associated with EDF group's activities were 55 grams per kWh produced, compared with 57 in 2018 and 82 in 2017.
Every month, EDF releases the greenhouse gas content of its output:
Grade B for CDP Water Security 2019
CDP's second questionnaire on Water Security assesses transparency and performance in terms of water management for 2,435 international companies surveyed. EDF was awarded a B (Management level), an improvement on its 2018 result (a C, Awareness level). The average for the electric utilities sector is B-.
The Group improved in all areas that were assessed, including in particular Business impacts, Water policies and Business strategy, and because it had introduced a target to reduce its water consumption2.
CDP's assessment aims to spread the word among investors, the financial market and all the Group's stakeholders about its ambitions and activities when it comes to reducing greenhouse gas emissions. CDP is an independent not-for-profit organisation set up in 2000 with its head office in London. It holds the world's largest database connected to climate change. The organisation has encouraged more than 8,000 companies around the world to submit information about their climate change strategies.
Jean-Bernard Lévy, the EDF group's CEO and Chairman, explained: “Once again, EDF has been included in the highly selective A list of CDP Climate Change, the benchmark organisation in terms of transparency when it comes to fighting climate change. This recognition singles out the work of EDF's women and men who implement the Group's climate commitment in all areas of the business, and make electricity the energy for change”.
1 After 2016 and 2018. In 2017, EDF was awarded an A-.
2 The EDF group's stated ambition is to gradually reduce specific water consumption by 2030 compared to the 2015 benchmark (0.96l per kWh) and not exceed the target of 1 liter per kWh on average over 5 consecutive years
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