Integrated Sustainability Report
2022
Contents
Foreword | 3 | Competitiveness | |
Message from the CEO | Excellence in generation | ||
2022 Highlights | Dam safety | ||
Awards and recognitions | Customer focus | ||
About the report | Financial performance |
About us | 9 | Responsibility | |
Corporate profile | Governance | ||
Strategy | Environmental | ||
Product and service portfolio | Social | ||
Business model | |||
Materiality | |||
2030 ESG Commitments | |||
Energy transition | |||
Innovation |
Resilience | 38 | Attachments | ||
Our generation | Complements to GRI and SASB contents | |||
Portfolio management |
45 | GRI and SASB | ||
content index | 121 | ||
54 | Assurance report | 131 | |
104 | Credits | 134 | |
FOREWORD
Message from the CEO | 04 | |||
2022 Highlights | 06 | |||
Awards and recognitions | 07 | |||
About the report | 08 |
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Message from CEO
GRI 2-22
2022 was yet another year of transformations for AES Brasil and marked by the implementation of our growth strategy in 100% renewable energy sources. Through innovation, we have been changing our daily operations, and we believe that Brazil is ready to lead a global, sustainable and productive energy transition. We are increasingly committed to be the best choice for our customers in the free market with resilience, competitiveness and responsibility.
We added 456 MW of operational wind assets to | |
our installed capacity by acquiring three Wind Power | |
Complexes: Ventos do Araripe (PI), Caetés (PE), and | |
Cassino (RS). When it comes to the construction of | |
new assets, we point out the progress of the Tucano | |
and Cajuína Wind Power Complexes. At Tucano, the | |
construction is more than 95% complete and 24 out | |
of the 52 wind turbines are operational. As regards | |
Clarissa Sadock | the Cajuína Wind Power Complex, we have completed |
CEO from AES Brasil | 78% of the works for Phase 1 and assembled 21 of |
the 55 wind turbines, while 18% of the construction | |
milestones for Phase 2 have been completed. We | |
expect the Tucano Complex to be fully operational in | |
the first half of 2023, and the Cajuína at year-end. | |
These achievements, coupled with the expansion | |
strategy we have been implementing over the past |
few years, have enabled us to practically double our 100% renewable energy installed capacity in the last six years. From 2.7 GW solely in hydroelectric power plants, we now have 5.2 GW of installed capacity distributed into hydro, wind and solar sources.
We have an increasingly diversified our portfolio, exploring solutions that benefit our customers, investors, communities and other agents, contributing to the decarbonization necessary to reach the global sustainable development goals. Green Hydrogen (H2V) is a new business opportunity that will become even more important in the Company's growth strategy. On this front, we signed a pre-agreement with Port of Pecém's Industrial Complex to conduct preliminary feasibility studies for the production of 2GW of H2V per year.
2022 Integrated Sustainability Report Foreword
456 MW
of operational wind assets acquired
100% of neutralized historical GHG emissions
In our industry, 2022 was a year marked by an important step towards the full opening of the free energy market for all high voltage consumers, which means more customers will be eligible to purchase energy directly from generators - and we are ready to serve them. We traded carbon credits for the first time, from the Salinas (RN) and Mandacaru (CE) Wind Power Complexes and studied new asset certification possibilities.
Another important lesson of 2022 was to learn how to operate in a post-pandemic world. We further appreciated human relations, health, safety and everyone's well-being. We paid close attention to our relationship with the communities near our assets, especially as regards their expectations and needs in terms of income generation and quality of life. In this pillar, I am pleased to inform that we have begun
2022 Integrated Sustainability Report Foreword
an important water security and productive inclusion initiative in the semi-arid region of the state of Rio Grande do Norte, where we are building the Cajuína Wind Power Complex. Another important achievement was the implementation of a technical training program in partnership with Senai-RN. This program is designed exclusively for women and trained 76 female workers on the Operation and Maintenance of Wind Farms. And I am also proud to announce that the Cajuína Wind Power Complex will be the fully operated by women, replicating our excellent experience at Tucano.
All these achievements have only been possible because we rely on a highly skilled and engaged team, whose development and satisfaction are always in the forefront of our minds. As a result of these efforts, for the second consecutive year, we were chosen
as the "Most Awesome Place to Work" in the energy industry, an award organized by Fundação Instituto de Administração (FIA), reflecting the opinion of those who at AES.
We continue to meet the goals set in our 2030 ESG Commitments, and I highlight two important achievements: we neutralized 100% of our historical greenhouse gas emissions since the beginning of our
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operations (1999) - three years before the scheduled target, and we also met the goal to have 25% of women in senior management positions. We are currently close to meeting the goal of 30% set for 2025.
As a result of a strategy that has responsibility as one of its pillars, for the second year in a row, we were the only Latin American energy company with "AAA" grade in MSCI ESG Rating. Furthermore, we maintained our "Negligible Risk" rating at Sustainalytics ESG Rating and for the 16th consecutive year, we will be part of B3's Corporate Sustainability Index (ISE).
Looking back at our journey, I emphasize how amazing it is to lead and be part of the AES Brasil team. I would like to thank all our employees, who remained focused on achieving our purpose of accelerating the future of energy, and our customers, communities, business partners, shareholders, investors and all stakeholders with whom we have a day-to-day relationship. Thank you for your trust.
Clarissa Sadock
CEO
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Disclaimer
AES Brasil Energia SA published this content on 20 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 March 2023 20:40:29 UTC.