Sustainability Report 2021
SUMMARY
Presentation
Message from
Management
The Águas do
Brasil Group
Integrity and
Transparency
Fostering
Universal Access
Water Security
to Sanitation
and Climate
Change
Efficient
Water
Cycle
Our Utility
Companies
About this
Report
GRI
Summary
Corporate
Information
GOVERNANCE ADVANCES IN 2021
New Board of Directors, with the admission of two new directors, one
independent director, and a lawyer who specialized in governance
and compliance.
At the end of the year, the Board consisted of five male members
(83%) and one female member (17%), four members over the age of 50
(67%), and two members between the ages of 30 and 50 (33%). A new
chairman was elected. 405-1
Board meetings are now held bi-monthly, with a scheduled agenda.
The committees were restructured, and all are made up of directors.
This brought greater formalization of governance structures,
strengthening the Board's action.
Increased transparency and availability of information to the market.
To recognize the role of the executives in the management of the
utility companies, the superintendents are now accountable as
officers, reinforcing their duties in the local conduct of business
and their institutional representation before the municipalities and
regulatory agencies.
In line with the vision of continuity and future growth, the Group's
holding company acquired Queiroz Galvão Desenvolvimento de
Negócios' equity interest (12.30%) in December 2021. Thus, the
company ended the year with Developer S.A. (80.84%) and New Water
Participações (19.16%) as shareholders. 102-10
Management of the utility
companies
The refinement of governance, compliance
and management structures is an ongoing
process in the organization and is part of
the basis of its corporate license to operate.
The Group's main strategic decisions are
taken collectively at the highest level of
its management, based on the planning
approved by the Board of Directors. Once
the strategic decisions have been made,
the corporate boards are responsible for
implementing them with the utilities.
Compliance and risk
management
|102-15, 103-2, 103-3, 205-1 | 419
With a solid track record in managing
operational, administrative-financial,
legal, and compliance risks and
managing quality, health, safety, and
environmental risks, the Group seeks
to unify risk management structures to
improve the system.
Annually, the company prepares a risk
matrix to assess and create compliance
risk mitigation mechanisms, which include
12 concessions², also subject to the area's
processes and procedures. Specific policies
are created for each risk identified, such as
those related to contracting third parties
and forming a commercial partnership.
The company was the first private sanitation
company in Brazil to obtain certification
in accordance with the ABNT NBR ISO
37001:2017 Anti-Bribery Management
Systems and certification of ISO 19600:2014
- Compliance Management System. There
were no significant administrative or
judicial sanctions for non-compliance with
laws and regulations in the socioeconomic
area in the three-year period 2019 to 2021.
419-1
In 2021, in line with the requirements
and good practices of transparency and
integrity of the market, Grupo Águas
do Brasil completed the second wave
of the Risk Management and Internal
Controls (GRCI) project. The project
aims to develop routines that allow the
correct and timely identification of risks
inherent to corporate processes and
the deliberation of necessary corrective
actions. Among the risks assessed are
those of an environmental, financial, legal,
and operational nature, in addition to
compliance and strategic risks.
The implementation of the model, which
continues with the third wave in 2022,
is aligned with strategic programs and,
mainly, with the strategic guidelines for
efficient and sustainable growth, in the
dissemination of the risk management
culture. Independent and linked to the
Sustainability Report 2021
2 Does not include Zona Oeste Mais Saneamento.
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