Sustainability Report

The publication of Eneva’s first sustainability report following GRI/SASB standards is a key step in moving towards a more comprehensive discussion on the Environmental, Social, and Governance aspects (ESG) of Company wide strategic planning. This content provides an overview of the Company, includes key performance indicators, and details regarding actions developed with stakeholders.

Download the complete report here

2019 Sustainability Report

Joint Letter from the Chairman & CEO

"We make a commitment to refrain from developing new coal-powered projects without compromising the assured energy under our current contracts. Alongside our stakeholders, we are driven to find more sustainable solutions that will not hinder the stability of the system".

"We will continue to grow responsibly by providing safe energy, creating jobs, income, and continuously monitoring the environmental impacts of our operations. In order to enable this clean energy transition and guarantee the country’s growth, we will continue to expand our business model".

See the presentation letter for the 2019 Sustainability Report written by our CEO Pedro Zinner and by our Chairman Jerson Kelman.

2019 Sustainability Report

Pillars of Sustainability

To formulate Eneva’s materiality matrix the following aspects were taken into consideration: the company's strategic objectives, technical visits, analysis of internal and external documentation such as sectorial studies and reports from companies in the sector, and interviews with the company’s stakeholders, executives and administrators. What resulted from this was a list of 11 themes of greatest impact and influence on our business and that of stakeholders. The most important themes were grouped into five pillars of sustainability and the extent of their coverage was identified, as was the way in which each stakeholder related to each pillar.

Growing Responsibly

One of the most unique characteristics of the Brazilian energy matrixis its enormous potential for expansion of natural gas which, in the pursuit for a low carbon economy, has a fundamental role as a transition fuel, substituting more polluting fossil fuels, and increasing safety and efficiency in the Brazilian electrical system.

We wish to continue leading the development of projects that deliver energy that is safe, stable and accessible to society. By 2024 we will have invested approximately R$1.9 billion to close the energy production cycle at the Parnaiba I and II power plants, by developing the Parnaiba V and VI installations. The Azulão-Jaguatirica integrated project means that a significant part of the diesel -fuelled production that supplies Roraima state can be disconnected. The Jaguatirica II power plant will run on natural gas extracted and produced in the Azulão field, in the state of Amazonas.

Find out more about Strategic Management, and where we are growing, in the Sustainability Report.

2019 Sustainability Report

Innovation and R&D

Innovation is the pillar of our mission, and it is ingrained into our work culture. We believe that the value and perpetuity of our business fundamentally depends on our ability to create and leverage synergies between technology and energy generation. We aim to increase the efficiency of our operations and foster new growth opportunities for the future.

Obtain the 2019 Sustainability Report and see our pillars and portfolio of innovation.

2019 Sustainability Report

Environmental Management

Our business requires responsible management practices to mitigate any possible impacts of our operations on society, the environment, and communities surrounding our facilities. In order to prevent potential negative impacts, we established an operational management system in regards to Health, Environment and Safety. In 2019, this system was recognized as a success by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

See more on the System of Environmental Management in the Sustainability Report

2019 Sustainability Report

People and Relationships

In this part of the Sustainability Report we underline our commitment to people and our relationship with stakeholders. At Eneva our greatest asset is people. Our efforts in people management are directed at recognising, valuing, attracting and retaining talent so that, based on the Eneva Way of Being, they are able to optimally carry out actions that are laid out in our strategy.

  • Health and safety are an integral part of our day-to-day operations. In 2019, 950 of our own employees and 2,391 subcontractors spent more than 136,000 hours on health and safety training.
  • Besides our employees, we maintain good relations with shareholders, investors and other interested parties. Our relationship is based on the basic principles of transparency, information symmetry, equal treatment, and the respect of the rights laid down in Brazilian regulations and legislation.
  • The communities surrounding our operations are also an important part of our relationship, which we maintain through a constant dialogue and programs of engagement. We always try to involve the local communities in our projects, defending the conservation of their values and cultural characteristics.

See the Sustainability Report and find out more about our stakeholders and the personnel value initiatives we have implemented.

2019 Sustainability Report

Governance and Transparency

Corporate governance incorporates assertive strategies, and decision making relies on an organizational structure with solid processes. These rules and principles govern our performance with customer relations, shareholders, employees, suppliers, service providers, public entities, and other stakeholders.

We follow the rules of Novo Mercado: a listing segment with the strictest B3 corporate governance standards. Our governance structure abides by principles of transparency, equity accountability, corporate responsibility, and ethics for the application of best practices recommended by the Brazilian Institute of Corporate Governance (IBGC).

Find out more on the area of Governance in the Sustainability Report.

2019 Sustainability Report