Renewable Energy: CPFL returns to the special portfolio on the São Paulo stock exchange for outstanding performance in governance and environmental policies.

CPFL returned to ISE, a special investment portfolio of B3, due to its concern with renewable energy and social impact.

The São Paulo company de Força e Luz ( CPFL ) was again recommended by the São Paulo Stock Exchange ( B3 ) as one of the companies in the corporate sustainability index (ISE) for its actions in social and corporate environmental governance, highlighting the investment in renewable energy by the company. Since the creation of the portfolio in 2005, CPFL has always been among the outstanding companies (except in the period between 2019 and 2020), as a result of the company's constant effort to continue complying with its sustainability plan, which was approved in 2019 and aims to the company's planning in this regard until 2024.

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The portfolio is almost a kind of prize that B3 offers to some companies that are benchmarks in corporate sustainability and socio-environmental governance.

Generally, investors are recommended to invest in these companies, which generates an effort among several companies within the stock market to get a disputed place in this portfolio.

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

“CPFL's participation in the ISE encourages us to continuously improve our practices and SG embodied in the company's strategy and results. energy.

In addition to the portfolio, CPFL is also part of B2's ECO3 portfolio of efficient carbon index, where only companies that have transparent practices regarding carbon emissions can be.

CPFL group's environmental and social responsibility plan: the secret to success goes beyond renewable energy

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

In this sense, it is important to understand that in addition to renewable energy, CPFL has also been using other means to optimize the distribution of electricity, such as upgrading the network and clocks through digitization and awareness campaigns for its public, electricity more consciously.

In addition, CPFL is committed to managing and monitoring the environmental impacts of its operations as correctly as possible. In this sense, it is interesting to list some of the public commitments that the company has assumed, which will probably keep CPFL in the ISE portfolio for a longer period of time.

Among the commitments made by CPFL 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 Energia actions to adapt to climate change;

• Refurbish at least 40 pieces of equipment, including transformers and voltage regulators, by 2024, with a view to making energy transmission more efficient;

• Destination of 100% of the main network components for recycling or for reverse chain systems by 2024.

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