The Investors section contains information about ENGIE Brasil Energia S.A., which is the ENGIE's group company listed in the Brazilian Stock Exchange (B3: EGIE3, ADR: EGIEY).

Report on the Brazilian corporate governance code

The Brazilian Corporate Governance Code, which adopts the “Practice and Explain” model, includes a series of recommended practices with respect to key questions of governance such as the shareholding structure, management composition, ethics and internal controls. CVM Instruction 586 requires that companies disclose information on the application of each one of the principles/practices provided in the Code. By eventually deciding not to adopt a recommended practice, companies must explain the reasons for such a decision. The Brazilian Corporate Governance Report is prepared annually and updated whenever necessary. ENGIE Brasil Energia recognizes and works continually to improve aspects linked to Corporate Governance in line with the best recommended practices and the maturity of its internal structures.

Our Strategies

Risks and business opportunities management

The analysis of corporate risks and opportunities is conducted through a systemic process at ENGIE Brasil Energia, which permeates all corporate activities and involves all employees and senior management. The process is conducted by the Risk Management Committee, responsible for promoting awareness as to corporate risks, establishing goals and guidelines and suggesting management improvements as well as procedures for controlling company risks.

In 2016, the Board of Directors of ENGIE Brasil Energia approved a new Policy for Management of Risks and Opportunities, with the following objectives:

  • Creation and maintenance of value, reputation and internal motivation.
  • Encouraging a certain degree of risk exposure, deemed reasonable as to legal, economic and social aspects.
  • Assurance of conformity of actions with legal and regulatory obligations as well as with ENGIE Brasil Energia’s values.

Therefore, the analysis of business risks encompasses their identification and classification as to the probability of occurrence and significance in terms of financial, strategic and operational impact. From this analysis, action plans are developed for each risk and potential associated opportunities are identified.