Energisa raises R$ 750 million in debentures linked to ESG targets

According to the company, the capture was made possible by projects that will avoid emissions of 76 thousand tons of CO2
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28-10-22-canal-solar-Energisa capta R$ 750 milhões em debêntures vinculadas a metas ESG
Energisa aims to introduce renewable sources, especially solar, in Brazil. Photo: Freepik

A Energisa announced that, for the first time, a Brazilian company in the electrical sector raised resources linked The sustainability commitments.

A company, which was also one of the first to have shares listed on the Stock Exchange, in the first decade of the last century, raised R$ 750 million with the issuance of so-called SLB (Sustainability-Linked Bond).

In practice, they stated that projects linked to titles will avoid the emission of 76 thousand tons of carbon, the equivalent of that captured by a forest the size of 100 football fields.

The SLB is related to objective 1 of the company's ESG commitments, which seeks enable the insertion of renewable sources in Brazil with distributed generation plants and initiatives to provide access to clean energy, especially in remote regions of the country.

According to Energisa, ESG commitments were guided by the 17 Sustainable Development Goals (SDGs) of the UN (United Nations), with targets until 2050.

For Maurício Botelho, CFO of Energisa, the unprecedented issue in the sector reinforces its ability to scale its distributed generation solutions, such as solar farms, and also those developed to provide access to energy in remote areas.

“Initially, our intention was to offer R$ 500 million to the market. In interactions with investors, we noticed the great interest in securities linked to ESG goals and, precisely for this reason, we took the decision to increase it to R$ 750 million. The success of the sale shows that we took the right path”, he said.

“We maintain our pioneering spirit in the electricity sector with this issue of debentures to bring electricity to those who need it, expanding access to an essential asset in remote locations in the country”, he added.

According to Rafael Garcia, head of Fixed Income at Bradesco BBI, coordinator of the offer with Itaú, the electric energy sector is relevant in the Brazilian capital market, participating significantly in volume and in operations with ESG labeling.

Picture of Mateus Badra
Matthew Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.
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