REGISTER

In its mission to transmit electric energy with excellence, in a continuous and efficient manner – thereby ensuring profitability and sustainability –, as well as in its principles and values, TAESA intends to be the Brazilian private sector electric energy transmitter with the highest market value, achieving this target by attaining sustainable growth, financial discipline, and excellence in operational efficiency.

The Company understands that the longevity of the business and its organizational success go beyond economic–operational performance, since strategies and actions involving Corporate Governance, Risk & Opportunity Management, Ethical Conduct & Compliance, with an emphasis on the universal principles of Rights Humans (equity, diversity, non-discrimination in any form, freedom, social security, etc.), Labor, Environment and Anti-Corruption prioritized within the UN Global Compact, including social issues, public commitments, and Innovation, are fundamental for positive results and growth.

In order to ensure the safety and reliability of its processes, as well as the improvement of people’s quality of life, with respect for the environment and sustainable development, and ever mindful to the needs of future generations, TAESA acts in order to:

1

Promote ongoing improvement of the company’s sustainability performance

2

Maintain transparent relationships with stakeholders and communities where it operates

3

Apply modern and economically viable methods to improve its processes

4

Strengthen its reputation and increase the attractiveness of investments, its revenue, operational and valuation efficiency because of its sustainable practices

1

Promote ongoing improvement of the company’s sustainability performance

2

Maintain transparent relationships with stakeholders and communities where it operates

3

Apply modern and economically viable methods to improve its processes

4

Strengthen its reputation and increase the attractiveness of investments, its revenue, operational and valuation efficiency because of its sustainable practices

Taesa Sustainability

Topics

Targets and Commitments

In harmony with our mission, vision and values, and always seeking to continuously improve our performance and adopt best practices, we seek to engage in initiatives and commitments that lead us in this direction, such as those described below.

Sustainability Project

In 2020, TAESA consolidated its growth trajectory in the Sustainability Project, strengthening the relevance of the topic in its various initiatives, with the objective of making the Company a benchmark in the area in the Electric Power Transmission sector in Brazil. To this end, a continuous improvement project has been as prepared, with the aim of implementing several actions on the following topics: social, environmental, governance, management, communication, policies and systems, in a period of up to 36 months.

Main actions to promote evolution of Environmental, Social and Governance (ESG) topics inside and outside the Company include:

  • Survey of the inventory of greenhouse gases (GHG) according to the GHG Protocol methodology.
  • Targets for reducing the consumption of fossil fuels in the fleet.
  • Inclusion of environmental and social clauses/assumptions in contracts with suppliers.
  • Preparation of this social and environmental report based on the practices of the Global Reporting Initiative (GRI).
  • Creation of a Diversity Program.
  • Great Place to Work Certification.
  • Signatory of UN Global Compact by committing to the 2030 Agenda regarding the Sustainable Development Goals.
  • ESG indicators dashboard available on the Investors Relations (IR) website.

From this process, it was possible to list relevant topics presented in the sustainability report, with details of their appropriate materiality and management form (Global Report Iniciative).

United Nations Global Compact

Aiming to corroborate its contribution to sustainability, TAESA joined the United Nations Global Compact in 2019, an initiative that promotes a dialogue between companies, corporations and UN bodies on social and environmental responsibility policies.

The Compact is currently the world’s largest corporate sustainability initiative, with over 13,000 members spread across 160 countries. The central idea of the Global Compact is to promote the social dimension of globalization. To this end, this initiative seeks to engage the international business community in ten principles related to Human Rights, decent work, the environment and the fight against corruption.


Human Rights

Decent Work

Environment

Fight against Corruption
Human Rights
Decent Work
Environment
Fight against Corruption

Gender equality: a commitment from all of us.

TAESA has adhered to the Women’s Empowerment Principles (WEPs), known as the seven principles of women’s empowerment, an initiative of UN Women. Becoming a signatory to this movement reinforces TAESA’s importance and commitment to supporting and promoting gender equality and women’s empowerment in the workplace, market and community. Below are the seven principles:

High-level corporate leadership

Fair treatment of all women and men at work, without discrimination

Worker health, safety and well-being

Education and training for professional development

Enterprise development, supply chain and marketing practices

Community initiatives and advocacy

Measurement and reporting

TAESA is proud of the talent and competence of its employees, and will increasingly work to contribute toward inclusion and diversity.

For more details, go to: https://www.weps.org/about

First place in Great Place to Work (GPTW) Energy 2020

With the conviction that people are Taesa’s greatest asset, in 2020, the company was recognized with the 1st place in the GPTW Energy 2020 Highlight – Cut, Generation, Distribution and Transmission award. Annually, the Company conducts an organizational climate survey in partnership with GPTW to measure the level of engagement and satisfaction of the teams. Last year, TAESA reached 93 points in the survey, earning the “Best Company to Work for” certification and reaffirming its position as a benchmark in the sector.

Another highlight received in 2020 was in the category “Best Companies to Work for – Companies headquartered in Rio de Janeiro (Medium-sized Companies)”, referring to 2019.

Economic

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;

IssuerTAESAJANAÚBA
Issuance6th Issue of Debentures (2nd series)7th Issue of Debentures – (single series)8th Issue of Debentures – (single series)10th Issue of Debentures – (2nd series)2nd Issue of Debentures – (single series)
Debt CostIPCA + 5.50%IPCA + 4.50%IPCA + 4.7742%IPCA + 4.7605%IPCA + 4.8295%
Amount of Debt 000’s210,000508,960300,000100,000575,000
Issuance Date05/08/201910/25/201912/15/201905/15/202112/15/2019
Maturity Date05/15/204409/15/204412/15/204405/15/203612/15/2044
AmortizationSemi-annual – CustomizedSemi-annual – CustomizedSemi-annual – CustomizedAnnual – in the last 3 yearsAnnual – Customized
Mariana Transmissora de Energia S.A.
Miracema Transmissora de Energia S.A.
Janaúba Transmissora de Energia S.A.
Sant’Ana Transmissora de Energia S.A.
Paraguaçu Project
 width=Aimorés Project
Ivaí Project
SPT 1 Project
SPT 2 Project

The environmental benefit generated by the projects is associated with the increase in the volume of non-conventional renewable energy transmission (wind, solar, biomass thermoelectric plants, and small hydros). This benefit will be demonstrated by the changes in the “Indicator of transmission services provided to Green Users”.

Environmental BenefitDec 2017Dec 2018Dec 2019Dec 2020
Number of Green Users¹495572614664
Percentage of Green Users over total number of users, considering monthly averages (%)64.964.968.369.3
Revenue from Green Users¹ (BRL)3,884,410.784,075,543.9152,540,033.72236,899,892.88
Percentage of Green User revenue over total revenue (%)3.13.13.514.8
¹Green Users – generate energy through wind, solar, biomass, and small hydros

Social and Environmental Reports and Indicators

Disclaimer: Starting in 2020, the Annual Social and Environmental Responsibility Report was retitled the Annual Sustainability Report.