Investors and shareholders

Corporate governance

Our corporate governance is reflected in the Code of Best Corporate Governance Practices, of the Brazilian Institute of Corporate Governance (IBGC). We operate in accordance with Act No. 6,404/76, with our governance structure composed of the General Shareholders’ Meeting, the Administrative Council and the Executive Board.

We have a supervisory body for the performance of senior management, which is the Fiscal Council. The Statutory Audit and Risks Committee also advises the Board of Directors of Eletrobras companies on issues related to accounting practices, risks and internal controls, legal disputes, compliance, independent auditing and processes and disputes with control bodies (Comptroller General of the Union) and Federal Court of Accounts). There is also the Internal Audit and the General Ombudsman, linked to the Administrative Council.

We also comply with the rules of the State-Owned Companies Law (Act 13,303) with regard to the criteria for choosing members of senior management bodies.

Stakeholder groups and topics of interest

The Communication and Engagement Policy with Stakeholders of Eletrobras Companies guides this relationship. All stakeholders have access to the company’s website and social networks. We also carry out campaigns in newspapers and TV frequently as a form of mass dissemination. We also provide the Management Report and the Annual Report so that interested parties can monitor our performance, in addition to the Ombudsman Channel.

Disponibilizamos, ainda, o Relatório de Administração e o Relatório Anual para que as partes interessadas possam acompanhar nosso desempenho, além do Canal de Ouvidoria.

Water

Our hydroelectric plants are located on different Brazilian rivers – Ijuí, Verde, Caveiras and Braço Norte – none of which are under water stress. All have environmental licensing and water abstraction. The use in these facilities is considered non-consumptive, since the water is returned entirely to water bodies with a quality similar to that of the catchment – in 2019, 10.33 billion cubic meters were turbine.

Water management is guided by the Eletrobras Companies Environmental Policy and the Water Resources Policy, which is based on Act 9,433/97 to guide the rational use of the resource. The volumes used in all operations, as well as the water quality, are monitored and made available to the relevant bodies. We monitor indicators associated with quality and availability, which show us the profiles of fundraising in our activities in order to, based on the information obtained, establish strategies, plans and goals that foster the improvement of environmental performance.

The Business and Management Plan (2019-2023) had a water management goal linked to SDG 9 (Industry, Innovation and Infrastructure), with an annual reduction of 0.30% in administrative consumption, accumulating the rate of 1.5% up to 2023.

With respect to effluents, we generate only domestic ones, which are sent to the municipal collective treatment system. In the case of cities where this service is not available, a treatment is carried out in a septic tank and sink, in a licensed system. The treated effluents comply with Conama Resolution No. 430/2011 and state environmental laws.

We participate, together with environmental agencies such as the State Foundation for Environmental Protection (Fepam – RS), the Environmental Police and the State Department for the Environment, of the Rio Ijuí Basin Committee, where UHE Passo São João (RS) operates. Since 2005, we have been part of the Working Group on Water Resources and Hydroelectric Potential of Eletrobras Companies (GTRH-EE).

Climate changes

Reinforcing our commitment to addressing the theme “Climate Change”, expressed in our Environmental Policy, and in line with good corporate sustainability practices, we monitor the development of the National Climate Change Policy and the National Adaptation Plan; we have adhered to the “Positioning on Carbon Pricing Mechanisms”, promoted by the Business Climate Initiative; and we have participated in the Inventory of Greenhouse Gas Emissions for Eletrobras Companies on an uninterrupted basis, since 2009.

In its 11th edition, the inventory is produced by using the methodology of the Intergovernmental Panel on Climate Change (IPCC, 2006) and the guidelines of the Greenhouse Gas Protocol (of the World Resources Institute, 2004). The final document and its data are verified by an independent third party. The results are available in our site.

Our inventory allows us to track the historical evolution of emissions of the main gases that contribute to the greenhouse effect: CO2, CH4, N2O, PFCs e HCFCs. It uses the units in which Eletrosul has the operational control as an organizational limit.

As an experimental and voluntary initiative, we estimate GHG emissions and removals from activities that cause change in land use, using a tool that balances the carbon emitted by the suppression of vegetation and the carbon sequestered by planting trees.

Eletrosul is a signatory to the 2030 Agenda, prioritizing five Sustainable Development Goals, including SDG 13 (Combating Climate Change) and 9 (Industry, Innovation and Infrastructure), which guide specific environmental goals of PNG2019-2023. Those that are aligned with the Climate Change theme are:

  • reduction in electricity consumption (0.2%);
  • reduction in the consumption of fossil fuels in the land vehicle fleet (0.2%); and
  • total GHG emissions over Revenue (0.070).

Also in 2019, Eletrosul participated in a pioneering project entitled “Expansion of Climate Services for Infrastructure Investments” (CSI), whose main objective was to expand the provision of services that foster the consideration of climate change in infrastructure and user management, in order to develop measures to better invest investments, reducing the risk of these events on assets.

The initiative comprised a global action involving Brazil, Costa Rica, Vietnam and Nile Basin Countries, with technical support and funding from Deutsche Gesellschat für Internationale Zusammenarbeit (GIZ) – a company linked to the German government –, in partnership with engineers from Canada.

Profile of employees and diversity

Eletrosul concluded 2019 with 1,058 employees, 6% less compared to the previous year. This variation was mainly due to the adhesion to the Consensual Dismissal Plan (PDC), for which 57 people were dismissed. The plan was implemented by all Eletrobras companies, according to the Holding’s strategic orientation, with the objective of adapting the staff, generating efficiency in the processes, balance between the teams and a sustainable profile for business and people development in the coming years.

One hundred percent of our employees are covered by collective bargaining agreements and have an indefinite contract.

Career development

The Career and Compensation Plan (PCR) of the Eletrobras companies was created in 2010 to unify the guidelines and policies for positions, career, remuneration and performance, aligning the policies and practices of people management with the strategic business drivers for improving performance organizational, based on competences and focus on results.

The Performance Management System (SGD) – used in the company’s performance management is the basis for PCR. The tool allows the automated accomplishment of planning, monitoring, evaluation (goals and competences), development and comparison of the achieved performance with the planned one. In this context, we highlight the evaluation interface with the Corporate Education Plan, Talent and Opportunity Bank, Succession Plan, Knowledge Management and merit distribution.

From the SGD, the Individual Development Plan is prepared. There is also the Team Development Plan, which deals with the planning prepared by the leaders of educational actions for their teams. In 2019, 100% of Eletrosul’s employees underwent performance evaluation.