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Vibra announces Ecological Advancement through the Sustainability Report

Written by Corporate
Published 07/06/2023 às 16:58

Vibra expands its activities in clean energies as part of its commitment to decarbonize its operations

Vibra, a reference in the energy sector, recently launched its Sustainability Report, outlining the main strategies and results achieved in 2022, in addition to its initiatives during the first quarter of 2023. The company aims to strengthen its leadership in the industry by mobilizing its portfolio of renewable energies, with the aim of contributing to a low-carbon economy and assisting in the decarbonization of its customers.

Setting the ESG Agenda

In this report, Vibra presents for the first time its ESG Agenda, which details action plans and specific goals in the environmental, social and governance areas. The agenda prioritizes the energy transition, climate change, environmental management and security, diversity and inclusion, social investment, community relations, corporate governance, ESG risk management and transparency.

“We are committed to building a sustainable future, without neglecting the present, maintaining our leadership and efficiency in fuel distribution”, says Ernesto Pousada, CEO of Vibra.

Climate Action and Decarbonization

The company has set bold goals to reduce its Scope 1 and 2 emissions, focusing on the emissions of its operational and administrative units. The goal is to neutralize these emissions by 2025, reducing them by 67% by 2026 and offsetting the rest with the purchase of carbon credits.

Vibra has also assumed the commitment to neutralize Scope 3 emissions by 2050. To this end, the company has consolidated a portfolio of renewable energies, an innovative concept that has been the focus of the company's attention over the last three years.

“We are strengthening our portfolio with renewable energy solutions for our customers, such as ethanol, biofuels, electricity, biomethane gas, green diesel and electromobility”, explains Pousada.

ESG recognition

Vibra has been recognized for its performance in ESG. Among the highlights, the company is included in the B3 Corporate Sustainability Index (ISE B3) and remains listed in the FTSE4Good index of the FTSE – Financial Times Stock Exchange Russell. In addition, Vibra maintained its A rating in the MSCI ESG Research assessment.

The company was also recognized in the Guia Exame Melhores do ESG 2022, was elected the "Best Company in the Oil and Gas sector in Latin America" ​​and won first place in all categories among Mid Caps, including "Best ESG" .

Strengthening Governance

Vibra has been constantly improving its corporate governance, investing in the management of crucial areas for the proper functioning of the company. These investments resulted in the creation of an Integrity Management System, which integrates data and actions from the Ombudsman, Governance, Internal Controls, Risks, Compliance and Ethics areas.

“Our governance model is based on integrity, ethics, transparency and the best compliance practices, having been constantly recognized by the most varied indicators and national and international ESG evaluation platforms”, concludes Vibra's CEO.

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