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Argo Energia Argo Energia

Overview

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Argo was created with the mission to contribute to the development of the electricity sector, respecting the interests of all those involved, and acting in an ethical, efficient, and committed manner. Our vision is to be a company recognized for its operational excellence, with focus on sustainable growth to maximize the investments. This way, sustainability is a very important pillar, which is why we work with a basis on safety and discipline to be an increasingly sustainable company, contributing to the preservation of the environment

Our ESG (Environmental, Social, and Corporate Governance) actions and plans permeate the themes below:

Environmental Ambiental

We believe that environmental management is the fundamental basis for controlling, monitoring, or mitigating the economic, environmental, and social impacts of our operations. Based on the environmental management, we guarantee legal compliance with all social and environmental aspects, and we may strategically plan continuity or change of course for new businesses.

In Brazil, the electricity transmission sector is highly regulated and only presents relevant social and environmental impacts during the construction stage. The operating stage of transmission lines only has reduced social and environmental impacts, which are controlled through environmental programs.

Environmental Management Program Programa de Gestão Ambiental

ARGO's environmental management is carried out through the Environmental Management Programs (EMP) of each of the undertakings. The general purpose of the EMPs is to ensure that the undertakings have efficient procedures and mechanisms to guarantee the execution and control of the actions planned in the various social and environmental programs, and the adequate conduction of the operational process.

Biodiversity Biodiversidade

Always attentive to the reduction and mitigation of impacts on biodiversity in the locations where it operates, ARGO carries out several environmental monitoring and control programs during the operation stage, including monitoring of Avifauna. The areas of these projects are located in conservation units (public or private) that have ecological relevance and need recovery/reforestation.

Energy Consumption Consumo de Energia

With the commitment of prioritizing transmission efficiency, and quality, ARGO instituted the best maintenance and operation practices in order to avoid transmission factor losses. This is the great contribution of the transmission to the energy management: avoid energy losses and ensure the efficiency and sustainability of the National Interconnected System (SIN).

Política de Meio Ambiente e de Sustentabilidade Política de Meio Ambiente e de Sustentabilidade

ARGO's Environmental Policy establishes the social and environmental commitments and guidelines undertaken by the Company to be observed by its employees and suppliers. (link to Environmental Policy - portuguese only/Sustainability Policy - portuguese only)

Floresta
Forest Compensation Compensação Florestal

Forest replacement basically consists of planting native forest species in pre-selected locations to compensate for locations that were affected by the construction of transmission lines/substations. Its purpose is to protect the affected local ecosystems, regarding erosion control and sediment transport, and the creation of attractive environments for local fauna, based on the integration with the remaining forest fragments. The Forest Replacement Project is also one of the environmental constraints of the environmental licensing process, as well as of the applicable legislation.

Florestal Nacional de Sobral (National Forest of Sobral) - projeto de reposição Florestal na unidade de Conservação Integral, Florestal Nacional de Sobral – FLONA SOBRAL no Ceará. Plantio de mais de 16 hectares de espécies nativas, que somam mais de 18 mil mudas plantadas e que serão monitoradas por, no mínimo, até 2025.

Parque Nacional de Sete Cidades (Sete Cidades National Park) - in 2021, the implementation of the Forest Replacement project was completed in the Sete Cidades National Park Integral Conservation Unit, with the planting of more than 5 hectares of native species, which add up to more than 4 thousand seedlings, and more than 10,000 seeds planted, which will be monitored, at least, until 2024.

Unimontes - the Forest Replacement project in Janaúba (State of Minas Gerais) had its implementation commenced in 2021, in an area provided by the Universidade Estadual de Montes Claros (State University of Montes Claros) - UNIMONTES, equivalent to the necessary area of 0.72 hectares.

Social Social

Argo believes that contributing to a healthier society generates shared value for all, which is why we seek to promote initiatives, and to support social projects to strengthen the communities.

People

180

employees

78.8%

are men

21.1%

are women

11

Brazilian states

We have a People Policy that establishes the principles that govern the management of people who are part of Argo through leadership, efficiency, innovation, cultural transformation, and personal and professional achievement, placing the employee's experience at the center. At Argo, we believe that employee development is a crucial element for the solidity and growth of our business. Therefore, we constantly invest in technical training and development.

Average training hours, per gender

Gender Number of Employees Number of Hours Average per Employee
Men 107 5,028 46.99
Women 29 128 4.41
Total 136 5,156 37.91

Safety and Work

For Argo, health and safety are extremely important. For such reason, we rely on a policy and management system exclusively dedicated to the topic, which includes both internal and external employees. The system is in line with the Occupational Safety Standards, enforced by Brazilian law.

Argo Energia's Occupational Health and Safety Policy is focused on achieving excellence in safety and health, with the purpose of continuously improving the effectiveness of the management system, disseminating the culture of zero accidents and/or incidents.

The Health and Safety Management System covers 100% of the Company's workers, including third parties. All are monitored through the SSO inspections, responsible for generating the Safety Adherence Index (IAS), used to monitor adherence to the safety of the work by its own workers and third parties.

Community

The performance in electrical transmission implies generating significant negative impacts during the construction phase of the undertakings, which are mitigated or compensated through social and environmental programs.

The Social Communication Program (PCS) is developed in all Argo assets to emphasize a qualified and transparent communication process, which prioritizes the constant dialogue with the public involved, and the continuity of the management of expectations in relation to the operation stage of LT and Substations. In addition to taking qualified information to the stakeholders regarding the harmonious coexistence with the undertaking, care, and safety standards and data on environmental projects, the PCS includes the ombudsman's office system during the period of operation for all undertakings.

Technical advice and of social businesses management for processing units of fruit pulp, rice, and flour in the remaining quilombo communities in Maranhão. The purpose of the project is to contribute so the Remaining Quilombos Communities have the necessary knowledge, structure, and tools to operate the processing units built under the Quilombola Basic Environmental Plan (PBAQ), thus encouraging increased income, autonomy, and sustainability of these communities.

The book presents the traditional fishing peoples in the Brazilian coast, their ways of inhabiting this space, their ways of creating, making, and living off the sea. For the launch of the book in 2021, as a social action, 100 books were donated to the Municipal Secretary of Culture of Rio de Janeiro, and 300 books were donated to non-profit institutions and to public schools.

In 2021, the project assisted more than 200 children and adolescents from 8 to 15 years of age through the practice of basketball, prioritizing the public education system. It was carried out in a teaching center aimed at the basic school network, the project encompasses notions and fundamentals for the practice of the sport as leisure, in addition to elements of transversal themes, aiming to contribute to the integral development of young people, and their training for the exercise of citizenship, ethics, inclusion, and social integration.

This project prioritizes comprehensive care for patients over 60 years of age at the Hospital de Amor units, already including costs related to treatment, and multidisciplinary activities.

The project assists children and adolescents undergoing cancer treatment at the Hospital Infantojuvenil, in Barretos (State of São Paulo). The assistance activities were developed with the purpose that patients and family members can be together to face the disease.

Donation of resources for the purchase of PPE to fight against COVID-19 for 5 hospitals .

Construction of 1 school, 8 artesian wells, and 4 production units during 2018.

Inclusion of 4 quilombola communities in Argo I social actions that had not been impacted by the construction of the line. More than 20 social projects carried out .

2018: voluntary action of toys donation

2019: voluntary action of toys donation

2020: Donation of 1,380kg of food to 230 families

2022: voluntary action of toys donation to more than 70 children

Governance Governança

Our Corporate Governance model is structured and formalized in the Articles of Incorporation, which determines that Argo be managed by a Board of Directors and an Executive Board. In order to better carry out its duties, the Board of Directors has the support of the following technical committees: Advisory Committee and Finances and Investments Committee, which may make recommendations to the Board of Directors, but without binding effect.

Ethics and Integrity

Ethics is a base word for all actions that permeate the Argo business. With its Code of Ethics and Conduct, the company reaffirms on a daily basis its commitment to the business ethics and transparency, ensuring ethical conduct in the development of its activities. Through the Purchasing Policy, we reaffirm our commitment to ethics also in terms of choosing our suppliers. The company carries out a prior assessment of suppliers and considers the contracting amounts involved, background checks, and criminal, commercial, and financial records.

Risk Management

Argo Energia performs the maintenance of the Governance Systems to map risks which may affect the present and the future of the company, concerned about the internal and external impacts to the business. For this reason, it adopts the Risk Management Program, with its Corporate Risk and Internal Control Policy as the main directive.

The risk and opportunity management is responsibility of the Top Management, which is responsible for ensuring and protecting the business, with the goal of prevention and safety in all its environments. This obligation, which involves the Top Management, is also valid for the internal technical staff, including the administrative and operational areas, for the due compliance with the relevant legislations, contractual terms and applicable rules.

The Risk Management and Internal Control model of Argo Energia has as assumption the multilevel development, from the Top Management’s outlook for potential risks which may affect the compliance with the Strategic Objectives, to the compliance with the tactical objectives of each Business Center. The idea is to empower the centers so they can have an appropriation of risk management, according to their context. These directives align with the three lines of defense model, proposed by the Institute of Internal Auditors (IIA) and by the Brazilian Institute of Corporate Governance (IBGC).

From time to time, the Risk and Internal Control matrix goes through a review and validation by the leadership and technical group, after a process of analysis of quantitative impacts of events and incidents in the business and the probability of its occurrence. Among the aspects considered are the non-financial, legal, reputation, environmental, social, and governance (ESG) impacts.

Brazilian General Data Protection Law (LGPD)

In 2021, Argo adjusted to Law No. 13709/18 – Brazilian General Data Protection Law (LGPD). For such, Argo prepared the company's data protection policy, review of the employment agreements to include a section on the LGPD, and structuring of the Incident Response Action Plan, review of the information security standards, and general training for all Argo managers. An LGPD model was also prepared for agreements with suppliers who handle employees' personal data (such as healthcare plans and medical exams).

Corporate Structure
Executive Board, Board, and Committees
Regulations and Policies
Estatuto Social
> Estatuto Social (Portuguese Only) > Código de Ética e Conduta (Portuguese Only) > Política de Compras (Portuguese Only) > Política de Proteção de Dados da Empresa (Portuguese Only)
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