Climate
Governance
Copel incorporate climate changes in risk assessment and opportunity financial assessment, keeping its energy matrix, mainly originated from renewable sources and developing low carbon technologies and energy efficiency and conservation projects.
Climate change within Copel is managed in two aspects, including:
Operational and financial risk, due to asset operation modification requirement, revenue loss for equipment and installation replacement and by possible fee collection for greenhouse gas emission;
Opportunity, as it can trigger the search for power originated from alternative sources and with low carbon emission, including renewable power marketing in free market; distribution generation; and service offer, including electric service station and electrified rails.
Copel is aware of the market developments, and it includes business prospection, research and development activity opportunities. As part of climate change management, Copel monitors its emissions regularly; it follows government moves on carbon pricing; it assesses climate risks of new investments and it assesses business adaptation measures concerning climate change impacts.
Climate Change Policy
Climate Change policy was approved in 2016 by the Board of Directors. It was developed by Climate Change Managing Committee, which is comprised by agents from different Company areas, and the following was considered in its development: GHG Protocol milestones, Global Compact Principles, National Climate Change Policy, State Climate Change Policy and Sustainable Development Goals (SDG).
Copel Policy sets forth guidelines for greenhouse gas emission decrease action planning and promotion, and for Copel business climate change consequence fighting.
Climate Change Corporate
Management Program
Climate Change Corporate Management Program (PGCMC) was set forth permanently in 2014, by Copel Management, with the purpose of discussing and resolving actions linked to climate change effect study, and also following actions incurring from Copel Climate Change Policy deployment and voluntary commitments assumed. It has a Managing Committee, comprised by all Copel Management agents, that aims at discussing the topic and set actions to be implemented in the Company.
Stakeholder Engagement
Stakeholder engagement is among the main actions developed by Copel against climate changes and for its effect adaptation.
Considering the participation limits, each party is engaged in some level in one of the material topics for the Company.
CDP
The Carbon Disclosure Project (CDP) is an international non-profit organization based in several countries, the United Kingdom, Japan, India, China, Germany, the United States and Brazil, whose purpose is to mobilize investors, companies and governments to build and implement sustainability actions and practices, with a focus on emissions that influence climate change.
Since 2010, Copel has voluntarily participated in the reporting and disclosure of greenhouse gas emissions and the company’s climate change strategies, in order to position itself among the world’s benchmark sustainability companies, attracting investment and reinforcing the positive impact of its image.
Copel follows the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) – an initiative that seeks to develop and implement recommendations for the disclosure and analysis of risks and opportunities related to climate issues – including the practices evaluated by the CDP.
In addition, the CDP is the basis for some of the assessments that Copel participates in, as well as helping to disclose (Integrated Reporting) actions in favor of issues related to climate change and the measures adopted by the company to continuously improve processes.
The scoring method is a way of assessing a company’s progress in environmental management. The application of the methodology results in a score that assesses the level of detail and comprehensiveness of the content, as well as the company’s awareness of the problems related to climate change, management methods and progress towards the actions adopted with reference to climate change.
In this sense, in line with best market practices and its commitment to sustainable development, Copel links its performance in the CDP to the targets of the Performance Reward (PPD).
Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
Performance | B | C | C | C | B | B | B |
