ENGIE is to offset the CO2 emissions generated by the 2023 Spanta Universe Festival
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.
“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
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).