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Sustainability is one of TAESA’s strategic pillars and is fully integrated into its business decisions, helping to drive sustainable growth with financial discipline and operational efficiency. We are committed to creating shared value with society and increasing quality of life, while having the utmost respect for the environment and considering the needs of future generations.

Since 2019, TAESA has adopted market-leading ESG practices, aiming to become a benchmark in the Brazilian power transmission industry. Thus, the company remains a signatory of the UN Global Compact, supporting the achievement of the Sustainable Development Goals (“SDGs”) outlined in the 2030 Agenda. In addition, we have joined Movimento +Mulher 360 (Women 360 Movement), the UN Women’s Empowerment Principles, the Race is a Priority Movement, and the Transparency 100% Movement—further strengthening its commitment to diversity, inclusion, and corporate ethics.

We believe that organizational longevity and success go beyond economic and operational performance. Strong Corporate Governance, Risk Management, Ethical Conduct, and Compliance—with an emphasis on the universal principles of Human Rights (equity, diversity, non-discrimination in any form, freedom, social security, etc.), Labor, Environment, and Anti-Corruption, as prioritized by the UN Global Compact, which includes social issues, public commitments, and Innovation—are key to achieving strong performance and sustainable growth.

TAESA ensures the safety and reliability of its operations, actively helping to improve overall quality of life, and ensuring environmental protection, and sustainable development while anticipating the needs of future generations through the following commitments:

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 Strategy

Since 2020, TAESA has been consolidating its growth trajectory through the implementation of its Sustainability Project (set of initiatives, including the commitment toward the UN Global Compact and SDGs, the GRI methodology, GHG Inventory, etc.) which focused on turning the Company into a benchmark in the Electricity Transmission industry in Brazil. TAESA’s management approved the action plan and targets for the material topics in line with the GRI (Global Reporting Initiative) requirements, connected to the 2030 Agenda for Sustainable Development Goals (SDGs), which is aligned and integrated with TAESA’s strategic planning within the Sustainability Pillar.

6 material topcis:

1. Ethics, transparency and corporate integrity;
2. Mitigation and adaptation to climate changes;
3. Environment and biodiversity;

4. Relationship with local communities;

5. Management, people development, diversity and inclusion; and

6. Health, safety and quality of life.

Action Plan and Goals – material topics linked to the 2030 Agenda – SDGs.

The Strategic level is directly linked to the Sustainability pillar, and connected to the Tactical level, where the Company’s six Material Topics are described. Whereas the Operational level presents the initiatives the Company intends to launch, and which are detailed in Specific Goals related to the SDGs.

This being the case, in 2023 the following objectives were mapped and communicated:

Such initiatives and other good practices represent sustainability opportunities for TAESA and the stakeholders with whom the company shares its value.

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.

Corporate integrity

Since continuously seeking to adopt corporate governance best practices, in 2022 TAESA voluntarily joined the Ethos Institute’s Business Pact for Integrity and the 100% Transparency Movement.

The initiative, promoted by the UN Global Compact Brazil Network, has been the first national effort to encourage companies to go beyond legal requirements by strengthening their integrity mechanisms, thus, becoming more resilient and cases of success on the corporate arena. The Company is currently one of the many organizations taking part in this important initiative.

In 2023, TAESA achieved 3 of the 5 goals set by the Movement: 100% transparency of the Compliance and Governance structure; 100% transparency on the Ethics Channel; and 100% transparency of interactions with the Public Administration. Click here to learn more.


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. By joining the program, TAESA now has a target of 30% female leadership by 2025 and 50% by 2030. 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

Race is Priority Movement

In 2023, we joined the UN Global Compact initiative in partnership with CEERT and UN Women to promote ethnic-racial equity in Brazilian companies.
By joining the Race is Priority Movement, our goal is to have 30% of black people* in leadership positions by 2025, and 50% by 2030.  This is TAESA once again reaffirming its commitment to diversity!
For further details, visit: https://www.pactoglobal.org.br/movimento/racaeprioridade/

Awards and Recognitions

Since 2021, Taesa has been included in the B3 IGPTW Sustainability indexes, which shows the market acknowledges the company’s commitment to key issues regarding people and organizational climate. In 2024, TAESA was certified for the sixth consecutive time with the Great Place to Work (“GPTW”) seal. In addition, for the third consecutive year we ranked 1st in the GPTW Energy Highlight – Energy Generation, Distribution and Transmission, for the survey carried out in 2023. In the Medium-Sized National Companies category (companies with 100 to 999 employees), TAESA ranked 33rd.

TAESA conducts an annual organizational climate survey in collaboration with GPTW institute to accurately assess the level of employee engagement and satisfaction.

We had a 90% participation rate in the survey
The Favorability Score was 89
The final score for “TAESA delivers excellent service” was 97
The final score for “I am proud to tell others I work at TAESA” was 96
In the category assessing how likely our employees are to recommend TAESA to friends and family as an excellent place to work, we achieved a final score of 92.

Excellence Award in the Energy Summit 2024

TAESA received the Excellence Award for the Use of Geotechnologies in the Energy Sector during the Energy Summit 2024, held in May. The event aims to showcase, develop, and integrate companies into the Geographic Information System (“GIS”), maximizing its potential and applications.

TAESA Wins the Transparency Award

Recognized as the “Oscar of Accounting,” the 2024 Transparency Award was granted to TAESA in October 24. Organized by the National Association of Finance, Administration, and Accounting Executives (“ANEFAC”), this prestigious award is a testament to the dedication of the entire team and positions the company among the top publicly traded companies with revenues of up to R$5 billion. Dirlei Júnior, Controlling Manager, and Simone Dutra, Financial Statements Coordinator received the award in-person.

EGAESE 2024

In recognition of TAESA’s relevant role in the industry, it was invited to participate in the Asset Management Meeting for Electric Sector Companies (EGAESE 2024). This is the only event focused on the electric power sector that addresses the best practices in Asset Management, its impacts on company results, and its relevance to the regulatory aspects of the national electric industry. At the event, Laura Santa Rosa, who is SGIT SR Engineer (pictured below), participated in the panel “SGI – Overcoming Obstacles to achieve Success: Barriers and Benefits of Integrated Management Systems: Practical Cases”, where she represented TAESA and presented the work “Quadri norms Certification: Challenges and Benefits, Successful Implementation for a great Achievement.” Additionally, TAESA had two projects recognized in the 11th Edition of the National Asset Management Award. The project “Observability Agent: Innovation in Business Intelligence for Energy Transmission”, by Willy Wendorff and Gabriel Brandão, won 1st place in the Strategic Management category. Project “SisPLAN: Transforming Maintenance Planning in the Electric System with Efficiency and Precision”, by Leonardo Leitão and Willy Wendorff, ranked 2nd in the Regulatory Impacts category.

TAESA Integrated Management System (“SGIT”)

To continuously improve the efficiency of TAESA’s services and environmental performance, SGIT provides solutions to minimize any socio-environmental impacts through detailed planning, allocation of resources, assigning of responsibilities and reviews of the practices, procedures and processes adopted.

It is an ongoing and collaborative process, which involves different teams of the company to ensure that any and all legal requirements related to the performance of the company’s operations are met.

In 2021, TAESA began setting up its Integrated Management System striving for continuous improvement and business excellence, through the standardization of processes in compliance with the legal requirements established in the ISO Standards. In this way, to make progress on its sustainability agenda, in 2023 the Company was certified with the following ISO Standards:

  • ABNT NBR ISO 9001:2015 – Quality Management
  • ABNT NBR ISO 14001:2015 – Environmental Management
  • ABNIT NBR ISO 45001:2018 – Occupational Health and Safety Management
  • ABNT NBR ISO 55001:2014 – Asset Management

Em outubro de 2024, a TAESA passou por uma auditoria externa e confirmou a manutenção da certificação nas quatro Normas ISO que compõem o SGIT.

Política do Sistema de Gestão Integrado (SGIT)

A Política do SGIT é o documento central do Sistema de Gestão Integrado da TAESA, conforme as normas ISO 9001 – Gestão da Qualidade; ISO 14001 – Gestão Ambiental; ISO 45001 – Gestão de Segurança e Saúde Ocupacional; e ISO 55001 – Gestão de Ativos. Ela visa contribuir para a segurança e saúde dos colaboradores e subcontratados, bem como para a melhoria da qualidade de vida da população, respeitando o meio ambiente e promovendo o desenvolvimento sustentável. A Política assume os seguintes compromissos:

We are honest. We respect all people, their lives and diversity;
We act to prevent accidents and occupational diseases with the engagement of direct and indirect employees;
We strive for excellence, quality work and the preservation of the environment, reducing pollution and climate impacts;
We continuously improve our business processes and created Value through our assets to increase the satisfaction of our clients and stakeholders. Complying with the legal and regulatory requirements, in addition to the standards that comprise our Integrated Management System.

TAESA has set the following Rules and Procedures to ensure compliance with the Commitments signed, which were broken down into the following Objectives:

Disseminating the safety culture to prevent any accidents, providing a healthy and safe work environment
Minimizing the environmental impacts resulting from our activities by using natural resources efficiently and responsibly.
Maintaining adequate levels of reliability and availability of transmission assets.
Being increasingly efficient and increasing the profitability of transmission assets;
Maintaining the certification and enhancing the Integrated Management System, further strengthening the commitment to sustainability.

The Integrated Management System (SGIT) Policy of TAESA was approved by the Company’s CEO. It is widely disseminated through presentations during the onboarding of new employees, official company documents, and SGIT presentations available on the intranet, in addition to the electronic board and the badge attached to employees’ ID cards.

Learn more about our:  Click here to access the SGIT Policy*

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;

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.

In 2024, TAESA issued 02 Green Bonds, or green bonds, following a movement that began in 2019. In 2024, TAESA issued 02 Green Bonds, or green bonds, following a movement that began in 2019.

www.greenbondtransparency.com

Green Bonds Issuances202420232022202120202019
2111-4
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)12th Issue of Debentures – (1st series)12th Issue of Debentures – (2nd series)12th Issue of Debentures – (3rd series)14th Issue of Debentures – (1st series)14th Issue of Debentures – (2nd series)14th Issue of Debentures – (3rd series)15th 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 + 5.60%IPCA + 5.75%IPCA + 5.85%IPCA + 5.87%IPCA + 6.0653%IPCA + 6.2709%IPCA + 5.8438%IPCA + 4.8295%
Amount of Debt 000’s210,000508,960300,000100,000630,783300,410318,807327,83586,261385,904300,000575,000
Issuance Date05/08/201910/25/201912/15/201905/15/202104/15/202204/15/202204/15/202209/15/202309/15/202309/15/202304/15/202412/15/2019
Maturity Date05/15/204409/15/204412/15/204405/15/203604/15/202904/15/203204/15/203709/15/203309/15/203509/15/203803/15/203412/15/2044
AmortizationSemi-annual – CustomizedSemi-annual – CustomizedSemi-annual – CustomizedAnnual – in the last 3 yearsAnnual – in the last 3 yearsAnnual – in the last 3 yearsAnnual – in the last 3 yearsBulletBulletAnnual – in the last 3 yearsAnnual – 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
Ananaí
Pitiguari Project
Novatrans Project
Saíra Project
Tangará 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 Benefit202420232022202120202019
Number of Green Users¹14451296959778645614
Percentage of Green Users over total number of users, considering monthly averages (%)93.7185.387672.569.968.3
Revenue from Green Users¹ (BRL)713,115,488.68682,683,975.67163,923,647.4478,245,263.0050,709,936.0052,540,033.72
Percentage of Green User revenue over total revenue (%)28.9928.6674.13.53.5
¹Green Users – generate energy through wind, solar, biomass, and small hydros

Green Finance Framework

Social and Environmental Reports and Indicators

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