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Voltalia Boosts Social Impact and ESG Strategy With Sale of 1 Million Carbon Credits

Written by Corporativo
Published on 13/11/2024 at 17:35
créditos de carbono, CO2, dióxido de carbono, emissões, mercado de carbono
Voltalia comercializa 1 milhão de créditos de carbono com impacto social positivo e estratégia ESG’. – FOTO: ©2024|Imprensa VOLTALIA/b>
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Voltalia Achieves 1M Carbon Credits Sold, with 300 Thousand Tons of CO2 Traded in October via ACX, in Partnership with ISS Neutro.

Voltalia managed to sell 1 million carbon credits in 2024. This significant milestone was achieved thanks to new transactions conducted throughout October, totaling over 300 thousand tons of carbon credits sold. The partnership with the ISS Neutro program of the City of Rio de Janeiro, which provides tax benefits for organizations committed to mitigating their emissions, played a crucial role in this success.

Part of the transactions carried out in October occurred through the ACX platform, which facilitated rich trading of carbon credits in the market. In this context, initiatives to reduce emissions are fundamental in combatting the rise of carbon dioxide levels. In an approach to tackle climate change, companies are increasingly seeking efficient ways to offset their CO2 footprints, and the carbon market has emerged as a viable and strategic solution for this purpose. Innovation in offsetting practices is essential for a more sustainable economy.

Introduction to the Carbon Credit Market

Voltalia, recognized as a leader in Brazil in clean energy production, has reached the impressive mark of 1.2 million carbon credits sold in 2024. This amount corresponds to the reduction of 1.2 million tons of CO2, offset in its operations. This result was largely driven by transactions conducted throughout October, accumulating over 360 thousand tons of carbon sold through the renowned ACX platform in Brazil. One of the main highlights of this operation includes the 67 thousand credits traded in partnership with ISS Neutro, an innovative program from the City of Rio with attractive tax incentives for companies implementing sustainable carbon offsetting practices, including a reduction in the ISS rate.

Energy Generated and Wind Complexes

The credits sold this year, amounting to 5.64 TWh of energy produced between 2016 and 2020, originate from the wind complexes of Vamcruz, São Miguel do Gostoso, and Serra Pará. All these transactions were facilitated through the ACX platform, an international marketplace dedicated to carbon credits. ACX recently formed a strategic alliance with B3, known as the Stock Exchange of Brazil, further strengthening Voltalia’s role in the carbon market.

Commitment to Sustainability

Voltalia’s decisive entry into the carbon market reflects its ESG strategy, reinforcing the company’s commitment to sustainable practices. As clarified by Voltalia’s CEO in Brazil, Nicolas Thouverez, the company’s primary focus is on the indispensable role of renewable energies, such as wind and solar, in mitigating emissions and maturing this sector. Since 2015, Voltalia certifies all its projects. Furthermore, the company anticipates generating between 480 and 600 thousand tons of carbon credits from current projects starting in 2025, highlighting the importance of avoided emissions.

Social Investment and Regional Development

A significant differentiator when acquiring carbon credits from Voltalia is the positive social impact provided by its projects. The company aligns its ventures with the United Nations Sustainable Development Goals (SDGs), investing about R$ 2.4 million annually in social initiatives that benefit local communities and other stakeholders involved. These investments not only drive regional development but also underscore Voltalia’s commitment to sustainability.

Importance of Carbon Credits

Each carbon credit essentially represents the reduction of one ton of carbon dioxide (CO2) equivalent that is no longer emitted into the atmosphere. They play a crucial role in the fight against climate change, allowing companies and individuals to offset their own emissions by supporting projects that minimize greenhouse gases on a global scale. Carbon credits are also a tool that helps countries meet their targets set in climate agreements, including the Paris Agreement, where various countries committed to limiting global warming to less than 2°C.

Global Market and Investment Opportunities

Investing in carbon credits not only supports the transition to a low-carbon economy but also offers attractive profit opportunities. With the growing awareness of the importance of sustainability, the carbon credit market is experiencing a period of growth.

About Voltalia

Voltalia is a prominent name in the renewable energy sector globally. The company not only produces but also sells electricity generated from sources such as wind, solar, hydro, and biomass. It also provides services in renewable energy projects for third parties, covering everything from design and development to operation, maintenance, and energy marketing. The company operates in 20 countries, with a team of over 1,880 employees. Operating in Brazil for over 15 years, with more than 1.68 GW in operation and construction, and a pipeline of about 6GW in various stages of development across several states, also reaching 5.88 GW in O&M services in the country.

Presence in the Financial Market

Voltalia is a listed entity on the regulated market of Euronext Paris, in compartment A (FR — VLTSA) and is part of the EnterNext Tech 40, CAC Mid & Small, and Euronext Tech Leaders indices. The Group also composes the Gaïa-Index, dedicated to socially responsible midcaps.

Source: VOLTALIA Press

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