3.8 Appendices and Independent Third-Party report
3.8.3 Compliance with best international standards| Recommendation | Description | EDF group’s level of alignment |
|---|---|---|
| 7. Biodiversity | 7. Biodiversity Description Businesses must target zero deforestation by 2025 (including via suppliers) and zero land take from remaining natural ecosystems by 2030. Businesses must invest in protecting and restoring ecosystems beyond their own value chain, including by purchasing high- integrity carbon credits. Businesses must anticipate the implementation of the TFND. |
7. Biodiversity EDF group’s level of alignment Aligned but more in- depth measures required in accordance with the TNFD. |
| 8. Transparency and accountability | 8. Transparency and accountability Description Businesses must annually report their GHG emissions assessment verified by a third-party organisation and their progress towards their net zero objectives, in a format compatible with the future UNFCCC platform. Businesses are required to conduct external assessments also covering their climate governance, KPIs, and internal control processes. |
8. Transparency and accountability EDF group’s level of alignment Aligned |
| 9. Just transition | 9. Just transition Description Businesses with activities in developing countries must demonstrate how they contribute to the economic development of these regions, their resilience, access to energy, combating inequality, etc. |
9. Just transition EDF group’s level of alignment Aligned (Just transition plan) |
| 10. Regulation | 10. Regulation Description Not applicable to businesses |
10. Regulation EDF group’s level of alignment Non-applicable |
3.8.3 Compliance with best international standards
Global Compact (1)
The United Nations Global Compact brings together, under the aegis of the UN, companies and NGOs committed to 10 guiding principles articulated in four areas: human rights, labour rights, the environment and the fight against corruption. EDF has been committed to the United Nations Global Compact since 2001 and has published a Communication on Progress (CoP) at the “Advanced” level every year since 2012.
The Group also complies with the Declaration of the Rights of the Child, the Convention on the Elimination of All Forms of Discrimination Against Women, the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, and the United Nations Convention against Corruption. EDF promotes international human rights law by recognising the ILO’s fundamental conventions, which guarantee fundamental labour principles and rights, and the fight against discrimination.
Global reporting Initiative (GRI) (2)
The GRI is an independent international non-profit organisation created in 1997 by the non-profit CERES (Coalition for Environmentally Responsible Economies) and the UNEP (United Nations Environment Programme). GRI helps companies and governments around the world to understand and communicate their impact on critical sustainable development issues such as climate change, human rights, governance and social well-being. This enables concrete actions to be taken to create social, environmental and economic benefits for all.
EDF has a long history of integrating GRI Standards as they evolve. A table comparing the Group’s indicators and those proposed by the GRI is available on the edf.fr website and in the ESG Pack.
Sustainability Accounting Standards Board (SASB) (3)
Created in 2011, the SASB (Sustainability Accounting Standards Board) is an independent, non-profit standard-setting body that develops and maintains reporting standards enabling companies around the world to identify, manage and communicate non-financial and financial information of material importance to investors. The SASB standards are evidence-based, developed with broad market participation and designed to be beneficial to companies and useful to investors. The SASB has established standards specific to 77 industry sectors identified in its Sustainable Industry Classification System® (SICS®).
EDF is the first European energy company to act as an advisor within the SASB organisation (4). As such, EDF has been proactively involved since 2020 in the process of revising this standard to enable its use worldwide. EDF was one of the main contributors to the SASB “Globalization Project” (5), which remains to this day, for certain subjects, specific to the American market, particularly in terms of the environment or regulation.
For items for which the standard is identical (e.g. GHG protocol) or close to the standards used in France and Europe, EDF’s 2022 Statement of Non-Financial Performance covers most of the reporting topics required by the SASB for the “Electric Utilities & Power generators” sector:
| NFPS Sections | |
|---|---|
| Greenhouse Gas Emission & Energy Resources Planning | Greenhouse Gas Emission & Energy Resources Planning NFPS Sections Section 3.1.1 |
| Air Quality | Air Quality NFPS Sections Section 3.3.1.5 |
| Water Management | Water Management NFPS Sections Section 3.2.3 |
| Coal Ash Management | Coal Ash Management NFPS Sections Section 3.2.4.3.2 |
| Energy Affordability | Energy Affordability NFPS Sections Sections 1.4.2.1.2, 1.4.2.1.3, 1.4.2.2.1.1 and section 3.3.4 |
| End use efficiency and Demand | End use efficiency and Demand NFPS Sections Section 3.1.4.3 |
| Nuclear Safety and Emergency management | Nuclear Safety and Emergency management NFPS Sections Section 3.3.1.1 |
| Grid Resiliency | Grid Resiliency NFPS Sections Section 3.1.4.2.1 |