ENGIE Brasil Energia conducts its business in conformity with best corporate governance practices, committed to management accountability and transparency. Its shares are traded since 2005 on the Novo Mercado, a segment of the B3, made up of companies which undertake to adopt practices of corporate governance additional to those required under the Brazilian legislation alone. In 2017, the Stock Exchange announced new Novo Mercado Regulations. ENGIE Brasil Energia voted in favor of all the modifications proposed to the regulations, viewing them as material to advances in the areas of transparency, equitability, accountability and corporate responsibility applicable to the companies listed in this segment of the market. Companies must implement the new requirements by early 2021, and those superseding rules already in place, came into effect as from January 2018. The Company views these new requirements as a valuable contribution to its management and governance and is dedicating maximum effort in implementing the changes as soon as possible.
ENGIE Brasil Energia’s shares are traded on B3’s leading stock index – the Bovespa Index (Ibovespa), the IBrX 100, as well as the Special Corporate Governance Stock Index (IGC) and the Special Tag Along Stock Index (ITAG), incorporating those companies offering greater protection to minority shareholders in the event of the sale of a controlling stake. The Company’s shares are also included in the Corporate Sustainability Stock Index (ISE), comprising companies with a recognized commitment to social and corporate responsibility, as well as the Electric Energy Stock Index (IEE), which is a sector index made up of the more significant listed companies in the industry. In the European market, Company’s share are part of the Euronext-Vigeo EM 70, a stock index made up of companies with a premium performance in corporate responsibility among developing countries.