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As a globally active company, ENGIE has funds for voluntary contribution to the sustainable development of the communities where it operates, mainly by means of its two institutions: the ENGIE Foundation and ENGIE Rassembleurs d’Energies. In addition to these two important partners, ENGIE Brasil has available own funds and incentivized funds according to Brazilian law.
As concerns the direct benefit of the communities where it operates, there is also a legally-mandated source of funds provided by generation from ENGIE’s hydro plants: the Financial Contribution for the Use of Hydro Resources (CFURH, also known as “royalties”).
"We use both ENGIE’s own funds and funds from tax incentives to invest mainly in communities where our projects are located all across Brazil."
Own and incentivized funds
In the use of own or incentivized funds alike, the focus is on the communities where ENGIE is inserted.
ENGIE prioritizes the development of and support to projects showing prospects of continuity, mainly those capable of becoming self-sustainable in the short or medium run. Emergency and/or purely charitable actions may also receive support, after detailed analysis and under monitored use of funds. When tax incentives are used, the criteria are the same, but with even greater emphasis on the initiatives’ prospects for self-sustained continuity. In addition, through the Program “Capacitar”, the company provides free guidance to parties interesting in learning how legal tax waiver mechanisms and the methods and guidelines of ENGIE Brasil's work.
With 25 years of commitment to solidarity and the environment, the ENGIE Foundation expresses the social, corporate and environmental engagement of ENGIE and its employees, in several countries, with countless projects and voluntary action. The ENGIE Foundation believes in social transformation and accepts commitments and challenges in support of voluntary projects, mainly in support of vulnerable children and youths, universal access to energy, and the protection of biodiversity.
ENGIE’s social-impact corporate investment fund intended to promote access to clean and sustainable energy to improve living standards and generate economic growth for vulnerable populations: this is Rassembleurs d’Energies. The projects it funds contribute to reducing energy scarcity in several locations around the world. In addition to promoting social enterprise, Rassembleurs d’Energies is an open initiative that collects energy-access knowledge and solutions to change the living conditions of millions of people.
The National Power Regulatory Agency (“Agência Nacional de Energia Elétrica” – Aneel) requires 7% of the revenues from hydro plants’ generation to be channeled, at different rates, to the Union and the States and Municipalities in the plants’ region, by means of the CFURH. In 2017, ENGIE paid a total of BRL 165.4 million in CFURH funds, of which 74.4 million were channeled to States and an equal amount to Municipalities in the regions that house ENGIE’s hydro plants and those that the company operates as party to consortia.