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Vibra Expands Its Involvement in Clean Energy as Part of the 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, as well as its initiatives during the first quarter of 2023. The company aims to strengthen its leadership in the industry by mobilizing its renewable energy portfolio, with the goal of contributing to a low-carbon economy and assisting in the decarbonization of its clients.
Establishing the ESG Agenda
In this report, Vibra presents for the first time its ESG Agenda, which details action plans and specific targets in environmental, social, and governance areas. The agenda prioritizes energy transition, climate change, environmental management and safety, 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.
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Climate Action and Decarbonization
The company has set ambitious targets to reduce its scope 1 and 2 emissions, focusing on emissions from its operational and administrative units. The goal is to neutralize these emissions by 2025, reducing them by 67% by 2026 and compensating the remainder by purchasing carbon credits.
Vibra has also committed to neutralizing scope 3 emissions by 2050. To this end, the company has been consolidating a portfolio of renewable energies, an innovative concept that has been the center of attention for the company in the past three years.
“We are strengthening our portfolio with renewable energy solutions for our clients, such as ethanol, biofuels, electricity, biogas, green diesel, and electromobility,” explains Pousada.
Recognition in ESG
Vibra has been recognized for its performance in ESG. Among the highlights, the company is featured in the Corporate Sustainability Index of B3 (ISE B3) and remains listed in the FTSE4Good Index of FTSE – Financial Times Stock Exchange Russell. In addition, Vibra maintained its A rating in the MSCI ESG Research evaluation.
The company was also recognized in the Exame Guide for the Best in ESG 2022, was named “Best Company in the Oil and Gas Sector in Latin America” and secured first place in all categories among Mid Caps, including “Best ESG.”
Strengthening Governance
Vibra has been constantly enhancing its corporate governance, investing in the management of crucial areas for the company’s proper functioning. These investments have 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 best compliance practices, and has been consistently recognized by various national and international ESG evaluation indicators and platforms,” concludes Vibra’s CEO.
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