Indicators Center Norte Energia
Norte Energia S.A. is in charge of and operating the largest 100% Brazilian plant: the Belo Monte Hydroelectric Power Plant.
Norte Energia S.A
Established as a Special Purpose Entity (SPE), the Company won the concession auction held on April 20, 2010. The concession agreement for the Plant defines Norte Energia’s management term as 35 years.
By undertaking the challenge to build and operate the Belo Monte HPP, Norte Energia committed to contributing to the economic and social development of Brazil through the generation of clean, renewable, and reliable energy at a fair price, using the hydroelectric potential of the Xingu River.
Commitment to Sustainability
Sustainability
For sustainability governance at Norte Energia, we have a Sustainability Committee and an Advisory Board, in addition to the Sustainability Superintendence, which reports directly to the Presidency.
With strategic action, the Sustainability Committee, created in 2021 and coordinated by an independent board member, is formed exclusively by members of the Board of Directors. Its main objective is to guide and define the Company's strategies. Therefore, we can achieve the commitments made in our Sustainability Policy, as well as incorporate ESG practices as an organizational culture.
The Advisory Board is formed by multidisciplinary professionals with renowned knowledge. Its members are external to the Company and have an independent relationship with Norte Energia. Its objective is to map society's expectations regarding critical ESG issues and facilitate the integration of these aspects into the Company's business strategy.
The Sustainability Superintendence, structured into two departments – Management and Monitoring and Sustainability Projects – aims to develop projects aligned with the area's strategic pillars of action, which go beyond the socio-environmental obligations imposed by the company's environmental licensing.
Indicators
Our governance is guided by the guidelines of the Code of Best Corporate Governance Practices of the Brazilian Institute of Corporate Governance (IBGC) and governed by different internal instruments (bylaws, codes, policies and regulations).
People: Our People, Our Direction
The Company believes that the future of labor relations lies with people. That is why, in 2022, we launched the manifesto (Our People, Our Direction), supported by six pillars: Inspiring, Evolving, Valuing, Supporting, Celebrating & Caring, which translate what people represent to Norte Energia.
Planet
Our business directly depends on the natural resources of the Xingu river and, therefore, robust and efficient environmental management is essential for the operation of the Belo Monte HPP. To this end, Norte Energia operates an Integrated Management System (SGI), based on ISO 14001 and which has a documentary framework of 342 documents consisting of Manuals, Policies, Normative Instructions (IN), Work Instructions (IT) and Process Instructions (IP).
Prosperity
The Basic Environmental Plan for the Indigenous Component (PBACI), part of the Belo Monte HPP environmental licensing process, covers an area of approximately five million hectares, in which 11 indigenous lands and one indigenous area are located.
Sustainability Sustainability Report
Norte Energia, a private company and concessionaire of the Belo Monte Hydroelectric Plant, presents its 2023 Sustainability Report, the year in which the Company launched its Human Rights Policy and its first Greenhouse Gas Inventory, recognized with the Gold Seal of the Brazilian GHG Protocol Program.
The 2023 Report is available here and proves that, beyond generating and selling energy, Norte Energia is committed to promoting initiatives and projects aimed at education and professional qualification, generating employment and income, preserving the Amazon focusing on the Xingu river basin and valuing the culture of the local population.
