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).

Main Business Risks of ENGIE Brasil Energia

Market risk
The supply of and demand for electricity can deviate from forecast so affecting energy prices and volume.
Regulatory risk
Adverse movements in electricity sector regulation and/or tax legislation.
Country risk
Alteration in the economic variables such as interest, currency rates, commodity prices, economic growth and inflation, with an impact on the Company’s businesses
Risk of strategy operationalization
Adversity involving operationalization of strategic repositioning due to external factors (partners, maturity of the market and regulations, financing mechanisms) as well as internal (competencies and attitudes of management and employees, capacity to adapt and agility in taking decisions, clarity in relation to the strategic plan).
Operational performance and efficiency risk
Absence of physical guarantee or inefficient performance of ENGIE Brasil Energia’s wholly-owned plants or other assets in which it has a stake.
Occupational health and safety risk
Occurrence of any type of accident threatening the health of employees whether direct or outsourced, including sickness due to professional causes.
Socio-environmental risk
Unfavorable changes in the environmental regulations and the activities of organized social movements in relation to the plants in operation.
Risk in the development and installation of new projects
Occurrence of events in the development and installation of projects resulting in delays to the construction schedule or additional costs for installation or involving plant operations.
Major accident risk
Major accidents and disasters due to natural and human causes, involving the implementation of projects, plant operations and company management causing an interruption to the business.
Information system and cybernetic security risk
Absence and lack of security of IT resources can negatively impact operations and the Company image.
Ethical risk
Wether internally or due to external participation, infringement of values and principles of the Code of Ethics: corruption, fraudulent use of the Company´s property, interference in competitive processes, disrespect for human rights, including working conditions and workplace relationships, among others.