Universal Registration Document 2022

For its aim of becoming carbon neutral by 2050, its Group carbon trajectory targets are split into medium-term (2030) and short-term (2023) targets. These targets, based on a low-carbon nuclear power generation, are coupled with a renewable energy development target, a coal phase- out commitment and a high level of involvement in the TCFD climate governance scheme advocated at the international level.

For the EDF group, use of carbon offsetting is the final stage of a process to achieve neutrality. Carbon offsetting must not under any circumstances take the place of a strategy designed to drastically reduce the Group’s emissions, whether direct or indirect. In addition to achieving carbon neutrality by 2050, carbon offsetting can enable a contribution to the transition towards a low-carbon society and meet the expectations of EDF group stakeholders.

EDF group has undertaken to update its climate change adaptation strategy in 2020, adopting a holistic method covering not only physical risks, but also risks relating to transition. This national strategy goes hand in hand with adaptation plans developed by each of the Group’s entities, to be updated at least once every five years.

The development of uses of electricity is a key tool to achieve a carbon-free economy, provided that the electricity is mainly carbon-free. The Group actively contributes to this goal through solutions tailored to different markets (residential customers, businesses, and local authorities) and also develops different innovative cross-disciplinary solutions.

The challenges of carbon neutrality go hand in hand with an approach that nurtures biodiversity longstanding commitment of the Group. In 2020, the Group renewed its commitment through two voluntary schemes supported by the French government: “

” (Companies committed to nature), under the aegis of the French Biodiversity Office (OFB); and “Act4nature International”, under the aegis of the association

(Epe) (Companies for the Environment).

The Group wants to act responsibly with regard to the land it holds or uses. As such, the Group’s business lines and subsidiaries shall need to give the utmost importance to the energy density of projects, to prevent pollution risks, to reduce soil sealing and limit soil artificialisation, and to promote innovative solutions for multi-purpose land use.

As a manager and user of water on its sites, the Group promotes responsible and integrated management of this resource, both in terms of quantity and quality, and shares water within the regions where it operates.

Optimising the use of the natural resources consumed by the Group’s value chain is an essential component of the Group’s corporate responsibility. Within this framework, the Group is committed to promoting a circular economy approach, avoiding the production of conventional waste and promoting the reuse, recycling and recovery of products/materials throughout the value chain, eliminating or substituting substances that pose a risk to the environment and people, and assuming its responsibilities with regard to radioactive waste.

The Group is committed to protecting the health and safety of all individuals. In this respect, it undertakes, through its business lines and subsidiaries, to apply the highest standards in terms of nuclear and hydraulic safety, health and safety policy and environmental health.

The EDF group promotes a culture of integrity and applies a zero tolerance policy towards fraud and corruption. Ethical conduct in accordance with the law is the absolute rule for all Group employees, at all levels of the organisation, and without exception. The Group is committed to respecting and ensuring respect for human rights in all its activities and wherever it operates.

The EDF group is committed to developing concrete action to promote equality in the workplace and occupational and social integration for disabled people, combating sexism, violence and all forms of discrimination and developing support for parents, to maintain and perfect a high level of social dialogue and to secure the skills required for the Group’s business lines over the long term, by integrating all aspects of sustainable development into its operations and projects and giving employees an opportunity to develop their employability throughout their careers.

EDF confirms and renews its commitment to its most vulnerable customers, by increasing the understanding of this diverse, complex reality, implementing support solutions based on public solidarity schemes and specific initiatives and developing various forms of social innovation and sponsorship.

The Group is striving to organise a global initiative of dialogue and consultation which is transparent and open for each new project exceeding an amount of €50 million, and which involves local and indigenous communities throughout the lifecycle of those projects.

The EDF group is committed to contributing to the development of the regions where it operates, by creating local jobs, purchasing locally and creating economic value and providing a tax revenue. The EDF group is also committed to developing low-carbon sources of energy and access to energy in developing countries.

The Group is committed to contributing to the development of the industrial sectors needed for the energy transition (marine energies, offshore wind power, floatovoltaics, batteries, hydrogen, etc.) or their revitalisation (nuclear) by redeploying and developing the necessary skills and setting up support, retraining and protection schemes for employees for a just transition.

The Group is committed to the security of information systems and tangible and intangible assets, both in terms of the technical expertise and systems required and the conduct of users, addressed through all types of awareness-raising initiatives. The Group is committed to a responsible, sober and digital transformation, reducing the carbon footprint of both the Group and its customers. The Group also strives to improve the accessibility of information (open data), with a view to innovation and inclusion.