Renewable Energy: CPFL Returns to the Special Portfolio on the São Paulo Stock Exchange for Highlights in Governance and Environmental Policies.

Written by Paulo Nogueira

Published on 07/12/2021 at 22:46

Be the first to react!

CPFL Returns to ISE, a Special Investment Portfolio of B3, Due to Its Commitment to Renewable Energy and Social Impact.

The São Paulo power and light company (CPFL) was once again recommended by the São Paulo stock exchange (B3) as one of the companies in the Corporate Sustainability Index (ISE) due to its actions in environmental, social, and corporate governance, highlighting the company’s investment in renewable energy. Since the creation of the portfolio in 2005, CPFL has always been among the highlighted companies (except during the period between 2019 and 2020), a result of the company’s constant effort to continue fulfilling its sustainability plan, which was approved in 2019 and aims to guide the company’s planning in this direction until 2024.

The portfolio is almost a kind of award that B3 offers to a few companies that are references in corporate sustainability and socio-environmental governance.

Typically, investors are recommended to invest in these companies, which generates an effort among various firms within the stock market to secure a coveted place in this portfolio.

ARTICLE CONTINUES BELOW

See also

For the first time since its inception, B3 not only released the recommendation of companies but also created a ranking with them, where CPFL ranks fourth.

“CPFL’s participation in ISE drives us to continuously enhance our practices and governance systems implemented in the company’s strategy and results. Being part of the ISE Portfolio again is a source of pride for CPFL,” commented Rodolfo Sirol, Director of Environment and Sustainability at CPFL Energy.

In addition to the portfolio, CPFL is also part of the ECO2 portfolio of carbon-efficient index of B3, where only companies with transparent practices regarding carbon emissions can participate.

It is thanks to this plan that the company enjoys a positive reputation today as a company with excellent environmental capabilities.

In this regard, it is important to understand that besides renewable energy, CPFL has also been using other means to optimize electricity distribution, such as upgrading networks and meters through digitization and awareness campaigns directed at its audience for more conscious electricity use.

CPFL Renewable Energy — ***CPFL has a plan to achieve a series of interesting social and environmental goals by 2024. Image Source, Vetorlog***

Additionally, CPFL is committed to managing and monitoring the environmental impacts of its operations as responsibly as possible. In this sense, it is interesting to list some of the public commitments the company has made, which are likely to keep CPFL in the ISE portfolio for longer.

Among the commitments that CPFL made regarding renewable energy:

Maintain at least 95% of renewable energy sources in the generation portfolio by 2024;

Reduce carbon intensity by 10% by 2024;

Publish CPFL Energy’s actions for climate change adaptation;

Upgrade at least 40,000 pieces of equipment, including transformers and voltage regulators, by 2024, aiming to make energy transmission more efficient;

Ensure 100% of key network components are reused or recycled by 2024.

Learn more about CPFL’s plans, on this page, where there is a series of interesting information about the company’s actions and policies.

Renewable Energy: CPFL Returns to the Special Portfolio on the São Paulo Stock Exchange for Highlights in Governance and Environmental Policies.

CPFL Returns to ISE, a Special Investment Portfolio of B3, Due to Its Commitment to Renewable Energy and Social Impact.

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

A 60 m² steel frame house is completed in 40 to 90 days for R$ 2,800 per m² installed, generates only 1% waste compared to up to 30% for conventional masonry, and can already be financed by Caixa for up to 30 years with the use of FGTS.

A 1960s luxury bus that belonged to the family of Mamonas Assassinas has been transformed into accommodation with a hot tub, skylight, and a deck overlooking rock formations in Alfredo Wagner, 130 kilometers from Florianópolis, and is already accepting reservations via Airbnb.

The wall that tries to stop plastic in Amsterdam is not made of concrete, it is hidden at the bottom of a canal, no one sees it from afar, and uses only bubbles to push trash to the bank without stopping boats or blocking fish.

While space weakens the hearts of astronauts, scientists discover that human mini-hearts grow better in microgravity and could pave the way for heart tissues produced off-Earth.

Nuclear aircraft carrier USS Nimitz appears in Rio de Janeiro and causes the Navy to activate a radiological operation full of protocols in Guanabara Bay.

Renewable Energy: CPFL Returns to the Special Portfolio on the São Paulo Stock Exchange for Highlights in Governance and Environmental Policies.

CPFL Returns to ISE, a Special Investment Portfolio of B3, Due to Its Commitment to Renewable Energy and Social Impact.

Environmental and Social Responsibility Plan of the CPFL Group: The Secret of Success Goes Beyond Renewable Energy

A village with 115 inhabitants wants new residents: it offers a house, a job, up to 44 thousand euros in benefits, almost free rent, an annual grant of 8 thousand euros for 3 years, and a 20 thousand euro incentive for businesses in the mountains of Italy.

NASA is offering US$ 750,000 to people from anywhere in the world who solve a problem that could decide survival on Mars: creating food for astronauts without relying on resupply from Earth.

Belgium will sink 23 giant concrete caissons, each weighing 22,000 tons, in the North Sea to build the world’s first artificial energy island 45 km off the coast, forming offshore electrical walls.

New microwave that can replace three appliances hits the market: Sharp launches 3-in-1 model that combines air fryer, convection oven, and heating in 0.9 cubic feet for small kitchens

While Brazil has been discussing bullet trains for 16 years, China delivers 5 new high-speed lines in 2026, surpasses 50,000 km of HSR, and moves 1 billion passengers in a single year.

While countries spend billions to draw water from the sea, a Nobel-winning scientist creates a container-sized machine that extracts up to 1,000 liters per day from dry air and uses ultrasound to release water in minutes, even in the middle of the desert.

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Brazil becomes the ‘country of inequality’ with the rich’s earnings growing almost 3 times more than the poor’s, and the wage gap reaching 13.8.

Pulp megafactory enters its heavy phase: 14,000 workers will be mobilized in the coming months in the small Brazilian town

Luciano Hang reveals invitations to take Havan to the United States, Argentina, and Paraguay, but guarantees that the expansion will remain in Brazil until all 5,500 municipalities have a store, and this year’s goal is to inaugurate until reaching 200 units.

Generation Z works, studies, and strives, but cannot afford to buy their own home because the real estate market has risen faster than salaries, and the banking system has tightened credit for those who lack stability or surplus income.

Havan customers formed a line in Blumenau (SC) since 4:30 AM this Saturday to see the megastore inspired by German half-timbered architecture; some people traveled from cities like Rio do Sul, Brusque, Corupá, and Timbó.

A 60 m² steel frame house is completed in 40 to 90 days for R$ 2,800 per m² installed, generates only 1% waste compared to up to 30% for conventional masonry, and can already be financed by Caixa for up to 30 years with the use of FGTS.

A 1960s luxury bus that belonged to the family of Mamonas Assassinas has been transformed into accommodation with a hot tub, skylight, and a deck overlooking rock formations in Alfredo Wagner, 130 kilometers from Florianópolis, and is already accepting reservations via Airbnb.

The wall that tries to stop plastic in Amsterdam is not made of concrete, it is hidden at the bottom of a canal, no one sees it from afar, and uses only bubbles to push trash to the bank without stopping boats or blocking fish.

While space weakens the hearts of astronauts, scientists discover that human mini-hearts grow better in microgravity and could pave the way for heart tissues produced off-Earth.

Nuclear aircraft carrier USS Nimitz appears in Rio de Janeiro and causes the Navy to activate a radiological operation full of protocols in Guanabara Bay.