Investor Presentaiton
Energy transition
GRI 3-3 Material topic - Energy transition
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Brazil is abundant in natural resources and, therefore,
its protagonist role in energy transition. According to
the Brazilian Electricity Trading Chamber (CCEE), in
2022, the country set a record in renewable energy
generation, by having 92% of its total generation
coming from clean sources. At the same time, the
global energy matrix is composed of less than 40%
of renewable sources and, historically, less than 30%
of its generation comes from said sources, according
to International Renewable Energy Agency (Irena)
2022 data. Hence, we are in an outstanding position
to face the global energy-related challenges.
As an 100% renewable energy generation company,
our purpose is to assist our customers in their
energy transition, overcoming the challenge of
reducing consumption from fossil fuel to increase
that of renewable ones.
We are ready to support our customers in this
decarbonization journey. This is not a simple task,
nor it is exclusive of the private sector. Nations
have been rallying around the responsibilities taken
when they signed the Paris Agreement, in 2015, as
the outcome the 21st Conference of the Parties
(COP21). The agreement goal is ambitious: to limit
global warming to 1.5°C.
One of the fronts to achieve this goal is to increase
renewable energy sources in the global energy
matrix, an initiative that has been frequently
discussed by the countries. Successive COPS have
recognized the need for a rapid, deep and sustained
reduction in global greenhouse emissions. Year
2030 is understood as the critical time to meet both
global and domestic targets.
We also pursue this goal as a way to assist our
customers and do our part for the development
of the Brazilian electricity industry. One of our
2030 ESG Commitments, already presented in this
Report, is to contribute, through the generation
of renewable energy, so that our customers can
prevent the emission of 582,000 tCO2e per year as
from 2025.
Working on innovative products and solutions to
transform customers' energy matrix is our choice and
this allows us to provide tailored solutions, following
the trend created by the opening of retail, which is to
have increasingly customized products and an 100%
clean and robust portfolio.
Green hydrogen, for example, has been gaining a
prominent position in the electricity sector as it is a
global trend for replacing fossil fuels with renewable
ones. We have the possibility to collaborate decisively
for H2V to allow countless industrial chains to reduce
energy consumption from primary sources.
We are part of the solution to face global climate-
related challenges. All our efforts are devoted to
creating solutions that meet our customers' needs
and effectively contribute to energy transition,
supporting their decarbonization. This vision has
led us to practically double our installed capacity
over the past 6 years (considering the assets under
construction) and guided the way we will operate
in the future, which includes investing in portfolio
diversification (learn more on page 22).
2022 Integrated Sustainability Report > About us
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