Engie Brasil Energia S A : is to offset the CO2 emissions generated by the 2023 Spanta Universe Festival
January 07, 2023 at 06:00 am EST
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ENGIE Brasil has signed a partnership agreement with the organizers' of the 2023 Spanta Universe Festival and will be responsible for the decarbonization of the event. The expectation is to achieve the neutralization of the approximately 9 thousand tons of its direct CO2 emissions but also those generated by the visiting public during the festival's four weekends of presentations by more than 200 home-grown attractions.
Carbon neutralization is one of the principal measures for confronting climate change, aggravated by the effect of excess greenhouse gases. In the case of the Spanta Festival, in addition to the various sustainability measures, the event will offset emissions through the use of carbon credits.
The carbon credits are issued as a result of the operations of the Floresta Photovoltaic Complex, ENGIE's solar energy generator unit located in the municipality of Areia Branca (RN). The project has 86 MW of installed capacity and generates renewable energy for more than 350 thousand consumers, being registered according to the standards of the United Nations Framework Convention on Climate Change.
"We are very happy to use the carbon credits issued by our renewable energy generation plants for making the Spanta Festival even more sustainable. Our aim is to accelerate the transition to a carbon neutral world. In this context, we offer solutions so that companies and cities are more sustainable and efficient, optimizing costs with energy and generating fewer emissions", declares the Communication, Corporate Social Responsibility and Energy Transition Officer at ENGIE in Brasil, Gil Maranhão.
The Spanta Universe Festival will occupy an area of 60 thousand square meters, installed in the Marina da Glória, south side Rio de Janeiro. In all, there will be 250 hours of shows, distributed over a program of four weekends.
A leader in renewable energy in Brazil, ENGIE has clearly defined goals aligned to the assumptions of the 2030 Agenda proposed for decarbonization by the United Nations Organization. The company is working towards zeroing out its net emissions by 2045.
A company in the group responsible for the activities of generation, transmission and commercialization of electric energy, for the 18th consecutive year, ENGIE Brasil Energia has been listed as a component of B3's Corporate Sustainability Index (ISE). The ISE is an indicator of the average performance of the asset prices of companies selected for their recognized commitment to corporate sustainability. ENGIE is the company in the electricity sector with the greatest weighting in the portfolio, being placed 10th in the overall ranking.
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 101,500 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by our purpose ("raison d'être"), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers.
In Brazil, ENGIE, leader in renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. With 3,500 employees, ENGIE has an installed capacity of approximately 10 GW, of which 100%* is from renewable sources.
*Considering the selling of the Thermal Power Plant Pampa Sul, signed on September 15, which closing is subject to fulfillment of certain conditions precedent in the agreement.
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ENGIE Brasil Energia is included in B3's Sustainability Index (ISE) for the 18th consecutive year
ENGIE Brasil Energia SA published this content on 05 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2023 10:59:05 UTC.
ENGIE Brasil Energia S.A., formerly Tractebel Energia S.A., is an independent utility concessionaire. The Company is engaged in the business of generation and commercialization of electrical energy. The Company develops and operates power plants. The Company installs and operates plants fired from conventional energy sources, such as hydroelectric, thermoelectric and complementary units, small hydroelectric plants and wind, biomass and photovoltaic plants. The Company's installed capacity, including its stakes in energy generation consortiums, is approximately 7,000 megawatts. The Company's generation facilities in operation consist of 29 plants, of which nine hydroelectric power plants, seven thermoelectric power plants (three coal, three biomass and one natural gas plant), three small hydro power plants (SHPP), nine wind farms and one photovoltaic solar power plant. The Company is controlled by ENGIE Brasil Participacoes Ltda.