Committed to sustainable growth, TAESA strives toward operational excellence, ensuring profitability and financial discipline, incorporating sustainability criteria, policies and operational practices that augment the company’s competitiveness, while promoting the improvement of socioeconomic conditions in communities, such as a shared value.
We adopt the best financial practices and instruments, as well as investment and financing decisions. By doing so, we promote positive economic impacts that contribute toward boosting and/or leveraging of the local economy (through the installation of assets and infrastructure, creation of jobs, etc.) and all the associated benefits, providing for improvement in people’s quality of life.
This is a win-win relationship, whereby the company – in promoting local development by driving the economy and developing programs – shares value with society and acts with environmental responsibility.
These initiatives facilitate access to financing with favorable counterparts (lower interest rates), which enables the expansion of activities and assets, such as the issuance of green bonds.
Green Bonds
Green Bonds, also known as Climate Bonds, are securities issued to raise funds for investments in projects that have sustainability-oriented premises, through socioenvironmental controls and the respective mitigation of their impacts.
In a historical context, the world’s first Green Bond was issued by the World Bank in November 2008, giving rise to a sustainable process in the capital market. The issuance of this first paper demonstrated to the world how it was possible to relate sustainability with profitability.
According to the guidelines of these securities, which use the Green Bond Principles (GBP) as a methodology, it is acknowledged that transmission lines in Brazil contribute to the flow and transmission of renewable energy in the National Interconnected System (SIN).
Proceeds from the issuance of green bonds for TAESA will be used for future payments and reimbursement of project costs related to electricity transmission. These assets bring environmental benefits, since their construction will increase the availability of the National Interconnected System (SIN) for renewable energy;
Reinforcing our commitment to transparency, we joined the Inter-American Development Bank’s (IDB) Green Bond Transparency Platform (GBTP) in August 2021, designed to promote transparency in the green bond market in Latin America and the Caribbean. Through GBTP, it is possible to harmonize and standardize the reports on green bonds and allow the market, in general, to analyze the resources of the securities invested and what environmental performance has been achieved. This action provides the capital market with relevant information on the Company’s environmental performance, which makes it even more interesting to new and current investors.
www.greenbondtransparency.com
