Governance and Sustainability System
Neoenergia's Governance and Sustainability System brings together the standards and principles that govern the company's organization, operations, and relationships.
A system with rules and principles that govern the organization
The Governance and Sustainability System is inspired by the purpose of continuing to build, day by day and collaboratively, a more electric, healthy, and accessible energy model, based on the Articles of Incorporation, which—having been approved by the General Shareholders’ Meeting—bring together and endorse all the key elements of the Governance and Sustainability System, the development of which is the responsibility of the Board of Directors, without prejudice to other powers.
The Governance and Sustainability Systemis subject to an ongoing review process to continuously incorporate best practices.
Corporate Structure and Governance
Neoenergia’s corporate and governance structure, as well as its business model, are based on a decentralized structure. As a holding company that holds certain stakes in other companies operating in the energy sector, Neoenergia is responsible for the strategy, supervision, and control of the entire group, while leaving the management of each group company to its respective governing bodies.
Thus, one of Neoenergia’s main functions is to assume the roles of organization and strategic coordination with respect to the group’s companies, as well as to centralize the provision of shared services to the operating companies, always in accordance with applicable law.
A proactive compliance function
The company is firmly committed to leading the way in applying the most rigorous ethical and regulatory compliance practices.
In particular, Neoenergia is committed to continuously monitoring and sanctioning fraudulent acts and conduct, implementing and developing effective communication and awareness-raising mechanisms for all employees, and fostering a corporate culture based on ethics and honesty, for which it has effective and up-to-date policies and programs for crime prevention and anti-fraud measures that extend to all levels of the organization.