EDP - Energias de Portugal, S.A. informs: Item 1 of the Agenda of the General Shareholders Meeting Resolve on the approval of the individual and consolidated accounts reporting documents for 2021 - Annual Sustainability Report

CHANGING TOMORROW

NOW SUSTAINA BILIT Y REPOR T

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This report

EDP - Energias de Portugal, S.A. (hereinafter referred to as EDP), with head office in Lisbon, Avenida 24 de Julho 12 and with its shares listed on the Euronext Lisbon stock ex- change, results from the transformation of Electricidade de Portugal, E.P., incorporated in 1976 following the nationalization and consequent merger of the main companies in the electricity sector in Portugal. During 1994, as established by Decree-laws 7/91 and 131/94, the EDP group (EDP group or group) was set up following the split of EDP, which led to a number of directly or indirectly wholly owned subsidiaries of EDP.

The group's businesses are currently focused on the gene- ration, transmission, distribution and supply of electricity and supply of gas. Although complementary, the group also operates in related areas such as engineering, laboratory tests, professional training, energy services and property management.

EDP group operates essentially in the European and American energy sectors.

The Sustainability Report of EDP group was prepared in accordance with the standards of the Global Reporting Initiative (GRI Standards) and with the Directive 2014/95/ EU of the European Parliament and of the Council of 22 October 2014, that is, disclosure under article 66-B and approval by the general meeting under article 65, both of the Commercial Companies Code, as regards disclosure of group sustainability performance in 2017, with focus in material issues.

Some of the sustainability information presented in this report follows other voluntary regulatory reporting frame- works, namely the Task Force on Climate-related Financial Disclosures (TCFD), the Sustainability Accounting Standards Board (SASB) and the Portuguese Securities Market

Commission (CMVM).

This Report has been structured in three major blocks and covers the calendar year 2021.

Presentation and strategic approach

Focused on Sustainability within the group's strategy. Includes our commitments, with goals and targets and their relationship with the United Nations 2030 Sustainable Development Goals.

Performance

Organized around the four sustainability strategic pil- lars, reports on the year's material issues. Includes management approach, 2021 main events and 2022 challenges.

Indicators

Organized by material theme. It also includes indicators disaggregated by geography, in the past four years. Together we aim to respond to the Global Reporting Initiative standards.

Additionally, EDP makes available a set of reports at www.edp.com:

• Annual Report
• Annual Report of the General and Supervisory Board
• Annual sectoral reports, in particular: Ethics Ombud- sperson's Report, Report of assessment on potential impacts and respect for Human and Labour Rights (only available in English), Health and Safety Report and Stakeholders' Report

• Annual and sustainability reports of the societies EDP Espanha, EDP - Energias do Brasil and EDP Renováveis
• Management Approach on Sustainability, which en- -dorses the issues set by GRI methodology and ex- -plains the relation between organizational processes and material issues for the society.

English version

• This Sustainability Report is a free translation of the Sustainability Report originally issued in Portuguese. In the event of discrepancies, the Portuguese lan- -guage version prevails.

CHANGING TOMORROW NOW

We are creating a new energy on the planet. More inclusive. More shared. Greener.

Promoting renewable energy on a worldwide scale. Using the power of wind, sun and water,

to be all green by 2030.

Accelerating decarbonization, to achieve carbon neutrality. Investing € 24 billion in the energy transition. Duplicating the capacity in solar and wind power. Betting on new technologies, such as green hydrogen. Leading the way in sustainability indexes.

It's in our hands. The only one who changes the world, is whoever can change himself, the one who finds the will, the knowledge and the action.

Because this is our story:

To always discover a new ambition.

	- INDEX
01 - EDP	6
1.1. Message from the Board	7
1.2. Changing Tomorrow Now	13
1.3.	2021 Performance	16
1.4.	EDP Group Profile	18
Talking with María Mendiluce	36
02 - SHARING THE VISION	39
2.1.	Global energy trends	40
2.2.	Risk management	44
2.3.	EDP Group's positioning	58
03 - PERFORMANCE	65
3.1. The year 2021	66
3.2. Accelerated and focused growth	69
3.3.	Future-proof organization	90
3.4. Attractive Revenues and Excellence in ESG Business	156
04 - ANNEXES	209
4.1.	Principles and policies	210
4.2.	Reporting principles	211
4.3.	Main indicators	213
4.4. KPIs under article 8º of EU Taxonomy	256
4.5.	2022 goals follow-up	264
4.6.	Non-financial statement	265
4.7. CMVM table	267
4.8. TCFD alignment	274
4.9. SASB table	282
4.10. GRI table	287
4.11. Auditor´s statement	303
4.12. Report on allocation and impact of Green Bonds	305
4.13. Auditor's statement - Green Bonds' report	309

SAFETY

Protecting our people is more than a will, it's a commitment.

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