Neoenergia releases 2020 Annual Report


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Document highlights the main achievements of the company in the period, meeting the commitments to the UN Global Compact and Sustainable Development Goals (SDGs).

Neoenergia just launched its  2020 Annual Report  with the main achievements of the company in the period. This is the first Integrated Report of Neoenergia, prepared in accordance with the guidelines of the International Integrated Reporting Council (IIRC) and the GRI Standards, of the Global Reporting Initiative. The company has annually published its performance since 2004 and since 2010 it has adopted the GRI standards, in addition to following the requirements of the Socio-Environmental and Economic-Financial Report Preparation Manual of the National Electric Energy Agency (Aneel). The document also addresses the commitments with the UN Global Compact and the Sustainable Development Goals (SDGs) .

The highlights demonstrate the overcoming of the operational challenges encountered in an atypical year, with agility and discipline, bringing energy to its more than 14 million customers and guaranteeing the functioning of essential services, such as hospitals, food industries and public services.

Among the results achieved is the 78% increase in private social investment, compared to the previous year, which added up to the equivalent of R$ 332.6 million. The increase in the amount represents, in large part, the actions taken by Neoenergia and its Institute, in addition to investments aimed at mitigating the impacts caused by the new Coronavirus pandemic. Among the highlights are social projects, through the encouragement of donations of basic inputs (masks, alcohol gel) and financial, donation of respirators to hospitals in the states of Bahia, Rio Grande do Norte and Pernambuco, Covid-19 tests, among others.

In addition, the company recorded a net profit of R$ 2.8 billion, 26% higher than 2019, and an EBITDA of R$ 6.5 billion, we presented a historic result for the history of Neoenergia.

“Amid so many challenges experienced in the last year, the learning acquired is the certainty that, with hard work and dedication, we are able to adapt to deliver and grow. But it is necessary, above all, to take care. Take care of our health, family, environment and society. The pandemic of Covid-19, and the consequent social crisis, surprised the world and prompted us to review the way we work and relate to each other”, comments Mario Ruiz-Tagle, CEO of Neoenergia.

As a way of reinforcing the commitment to the planned deliveries, based on management, expense discipline and operational efficiency, more than R$ 6.3 billion were invested in the expansion and modernization of distribution and transmission grids and in the expansion of clean energy supply, one of the main objectives of the company. The year also marked the entry into the 16th portfolio of the B3´s Corporate Sustainability Index (ISE) and on 11th Portfolio of the Carbon Efficient Index (ICO2) , maintaining its presence in the group of companies recognized with the Pró-Ética  (Pro-Ethics) seal.

“The commitment to fight climate change has been reinforced. In line with our goal of achieving carbon neutrality by 2050, we have expanded our portfolio of renewable projects under development. In an unprecedented way in the Brazilian electric sector, the company promoted a project in partnership with the Climate Center of Coppe/UFRJ (Centro Clima da Coppe/UFRJ, in Portuguese) to develop methodology for assessing vulnerability to climate risk and elaborate a climate adaptation strategy to ensure that its businesses are increasingly resilient to the current and future climate scenarios”, reinforces Francisco Carvalho, Superintendent of Innovation and Sustainability at Neoenergia.

In developing its business model, Neoenergia turns its assets into capital to create shared value for all its stakeholders: Financial capital, Manufactured capital, Intellectual capital, Human capital, Natural capital, and Social and relationship capital.

In the document, the company shares its vision of the important role of electricity to contribute to the energy transition, especially for its ability to integrate renewable energy into production processes and competitiveness with other sources of generation. The electrification of the economy attributes a leading role to the efficient, smart  and flexible electricity transmission and distribution infrastructure, capable of integrating clean sources and promoting connectivity, digitalization and management of demand.


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