Investor Presentaiton
eneva
and adaptation strategy. In addition, we declare
our support for the ten principles of the United
Nations (UN) Global Compact on human rights,
labor, environment and anti-corruption, with
actions planned for nine of the 17 Sustainable
Development Goals, according to our materiality
matrix. We believe in and want to contribute to
the worldwide movement to reach Net Zero in
30 years. We have incorporated into our Mission
and Vision to lead a fair and inclusive energy
transition, with a commitment to invest BRL
500 million by 2030 in low carbon technologies,
including hydrogen studies.
By 2030, we will seek to reduce the GHG emission
intensity of our gas-fired generation portfolio
to 0.39 tCO2e/MWh (assuming 0.45 tCO2e/
MWh in 2020). In 2021, we joined B3 Carbon
Efficient Index (ICO2 B3), demonstrating our
commitment to transparency in the disclosure of
our emissions. More audaciously, and even with
the expansion plans of our activities, we have the
ambition to achieve Net Zero by 2050 (scopes 1, 2
and 3 for gas power generation and scopes 1 and
2 for E&P).
We believe that in countries with a significant
portion of the population being poor and with
an asymmetrical income distribution, such as
Brazil, the commitment to social development
deserves an important attention. That is, we
value the S of ESG. Not giving a man a fish but
teaching him how to fish. Therefore, our strategic
plan includes: 1) improving the Social Progress
Indexes in the municipalities where we operate
and doubling the number of people impacted
by our social projects and 2) contributing to
the consolidation of 500 thousand hectares of
protected areas in the Legal Amazon region,
which multiplies by one thousand what we have
done until today. In 2021, 9 thousand people were
directly and indirectly impacted by our social
projects, in four states, 14 municipalities, totaling
75 thousand people impacted throughout our
history. We are developing partnerships with local
NGOs and supporting populations in promoting
sustainable activities, generating income and
improving education, without destroying the
forest. The fact that we are substituting fuel
oil and diesel as primary sources to produce
electricity in the Amazon also contributes,
with two advantages. The first concerns the
environment, since gas is the least polluting
among fossil fuels. And the second is economical,
as our model will allow for lower tariffs.
Additionally, we strive to offer good returns on
invested capital to our shareholders. We manage
a capital structure and shape our balance sheet to
keep the cost of capital low and available for use
in long-term value creation opportunities. Our
positioning and discipline in economic-financial
management are reflected in our results - we
reached a record Ebitda in 2021, of R$ 2.3 billion,
40% higher than in 2020; and net income of R$
1.173 billion, an increase of 17% in relation to the
previous year. At the end of the year, our cash
position was R$1.7 billion and net debt/EBITDA
was 2.8x. Our free cash flow was R$737 million,
amid total investments of R$1.7 billion.
Our employees, our greatest asset, were
fundamental for the business good performance
and will be essential for the achievement of our
strategy, which includes ESG criteria. Therefore,
we invest in building an agile organization,
suited to current challenges, strengthening our
meritocratic culture and an increasingly inclusive
environment.
We are committed to keeping our company
healthy, innovative and efficient, with the
ability to meet the highest expectations of all
stakeholders. As we look to the chapter that will
come after the pandemic, we are optimistic and
confident in our 2030 Vision, to be the leading
integrated energy company in generating value.
Jerson Kelman
Chairman Eneva S.A.
Pedro Zinner
CEO Eneva S.A.
sustainability report 2021
Pedro Zinner CEO Eneva S.A.
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