ENGIE Brasil moves into the international market by investing in a startup with a solution that reduces the carbon footprint of supply chains and events
A partnership between ENGIE Brasil Energia and the Brazilian startup Descarbonize, which simplifies the journey of companies and events towards decarbonization, will enable carbon credits generated in Brazil to be negotiated with the European market. Operating in the national market since August 2023, Descarbonize is a partner in the negotiation of carbon credits in energy generation using 100% renewable sources in the country. Now, with the investment received by EIT InnoEnergy, a European company that works to accelerate the energy transition through a sustainable energy innovation ecosystem made up of dozens of startups, Descarbonize also has access to the international market.
“Today, companies in Europe that enter into a partnership with Descarbonize will also be able to buy carbon credits issued by ENGIE in Brazil, representing a significant enlargement of our market”, adds Energy Commercialization Officer at ENGIE Brasil, Gabriel Mann.
“We are satisfied with this investment, not only because of the rapid growth of Descarbonize, but also in the context of our aim to accelerate an energy transition which is fair to all, supporting and simplifying the way ahead for customers and companies in their decarbonization journeys”, declares ENGIE Brasil Energia’s CEO, Eduardo Sattamini. The company has the right to obtain 10% of Descarbonize shares in case it executes its conversion right.
The software solution developed by Descarbonize, enables to measure the carbon footprint emitted by a company or event through the provision by the user of a data stream. Some examples of what generate emissions are: electricity consumed, use of fuels on combustion engines, waste generated, among others. Descarbonize’s platform also presents customers with carbon credits, which are generated by ENGIE’s renewable power plants in case companies want to compensate its emissions.
Acceleration of the decarbonization
Descarbonize has developed a software solution that allows companies to have visibility on their supply chain carbon emissions, which is where most of the emissions happen (i.e. Scope 3). The aim of the platform is to contribute with the acceleration of the decarbonization of supply chains in a straightforward and reliable manner aligned with the core standards internationally recognized as the GHG Protocol.
The platform will enable companies to adapt to the requirements of new mechanisms such as the Carbon Border Adjustment Mechanism (CBAM), through which, from 2026, the European Union will collect a surcharge based on the carbon footprint of imported products. “In the international market, the startup will continue to focus on meeting the needs of companies to manage their supply chain emissions as well as events with the goal of facilitating their decarbonization”, explains founding partner of Descarbonize, Antônio Clark Portinho.
ABOUT ENGIE
ENGIE is a global reference in low-carbon energy and services. With its 97,000 employees, its customers, partners and stakeholders, the Group is committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally-friendly solutions. Inspired by its purpose (“raison d’être”), ENGIE reconciles economic performance with a positive impact on people and the planet, building on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. Turnover in 2022: 82.6 billion Euros.
In Brazil, ENGIE, leader in 100% renewable power generation in the country, operates in generation, commercialization and transmission of electric power, gas transport and energy solutions. The Company
has in the country an installed capacity of 12,5 GW, originated from renewable sources and with low GHG emissions, such as hydro, solar and biomass power plants, and windfarms.
With the acquisition of Transportadora Associada de Gás – TAG, ENGIE now also owns the largest natural gas transportation network in the country, at 4,500 km and transecting 10 states and 191 cities.
The Group has a complete portfolio of integrated solutions focused on reducing costs and improving the infrastructure for companies and cities, such as energy efficiency, public lighting, energy monitoring and management.
With 2,800 employees, ENGIE’s turnover in Brazil in 2023 was of R$ 11.7 billion. ENGIE trades on the B3 through its energy generation and trading company, ENGIE Brasil Energia, under the ticker EGIE3. In addition to being a B3 Novo Mercado component, the Company is one of the very few companies that have been listed in the Business Sustainability Index since its creation in 2005. In 2021, ENGIE Brasil Energia was included in the Carbon-Efficient Index (ICO2), made up of IBrX 100 companies that are most transparent in terms of GHG emissions reporting and how they are preparing for a low-carbon economy.
The company also received in May 2024 the certification Great Place to Work, a recognition which validates the continuous commitment of the company to create a positive and inclusive work environment for all.
The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Euro 100, MSCI Europe) and non-financial indices (DJSI World, Euronext Vigeo Eiris – Europe 120/France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG-X).