Investor Presentaiton
In line with its strategy of
expanding its participation
in the recycling business,
CBA invested to increase the
scrap processing capacity at
Metalex and acquired 80%
of the shares of Alux, one
of the main suppliers of
secondary aluminum in Brazil.
This acquisition will allow
CBA to grow its share in this
market segment in addition to
increasing its recycled aluminum
production capacity.
The company advanced the
CBA 4.0 program (which aims
to incorporate digitalization into
the organizational culture to
optimize processes), launched
its innovation manifesto, and
hosted Innovation Week (which
promoted this topic and invited
all teams to innovate in their
daily work).
Power generation from
renewable sources has always
been part of CBA's self-
sufficiency strategy. Its portfolio
includes 15 company-owned
and six leased hydroelectric
plants with the capacity to
supply 100% of the electricity
consumed in the plants.
Aiming to further improve
the management of energy
resources and reinforce its
position as a self-producer
of energy, CBA announced
the creation of a specific
business unit to manage
energy assets starting in 2022.
The company announced the
acquisition of a stake in wind
energy self-production assets,
which are part of the Ventos
do Piauí I and II Complexes,
with 171.6 MW of installed
capacity. Starting in 2023,
the energy will be used by
CBA's plants in the towns of
Itapissuma and Alumínio. The
total investment planned by the
company for the diversification
of its energy matrix through
renewable energy projects is
R$190 million.
To improve its ESG practices,
CBA submitted its greenhouse
gas emission reduction
targets to the Science Based
Targets initiative (SBTI), which
encourages companies to set
science-based climate targets
and became a supporter of the
Task Force on Climate-Related
Financial Disclosures (TCFD).
In addition, it remained in
the CDP's (Carbon Disclosure
Project) Climate Change A list
with a score of A-, and received
an A in the MSCI ESG rating.
Another achievement related to
its sustainable performance was
the expansion of the Aluminum
Stewardship Initiative (ASI)
international certification of the
company Metalex, a subsidiary
of CBA, in the Performance
standard, and of the Itapissuma
unit, in the Chain of Custody
standard. ASI is a non-profit
organization that recommends
global sustainability practices
for the aluminum industry.
CBA's goal is to have 100% of
the aluminum units certified by
2030.
To contribute to its value
chain, the company kicked off
the Sustainable Procurement
program, a formal process
that seeks not only to raise
awareness of suppliers and
customers on sustainability,
but also to build the entire
procurement process around
ESG criteria, including the
selection, approval, contracting,
and development of business
partners.
In addition, the company
made progress with regard
to its diversity targets. It
created affinity groups that
meet monthly to identify
opportunities and facilitate
dialogue with minorities. It also
expanded the training program
for women in the industry and
trained 253 women during
the year. These activities are
conducted by the Diversity
Committee, which also
advocated for the hiring of
women, who represent 14.3%
of the workforce (3% more than
in 2020).
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