CTG Brasil releases 2020 sustainability development report

CTG Brasil, the Brazilian arm of China Three Gorges Corporation (CTG), released its Annual Sustainability Report on April 20, the fourth consecutive year the company has published the report, detailing the achievements the firm has made in environmental, social, and governance matters.

The report, prepared in accordance with latest standards set by the Global Reporting Initiative (GRI), shows that CTG Brasil has installed power generation capacity of 83 MW in Brazil by the end of 2020, accounting for 4.7% of the South American country’s total. Power plants controlled by CTG Brasil generated 28.7 billion kWh of electricity in 2020.

CTG Brasil posted a net operating revenue of R$5.2 billion and a net profit of R$1.8 billion in 2020, the report showed. The company poured R$37 million into social and environmental initiatives last year, up 24% from a year earlier, according to the report. CTG Brasil achieved carbon neutrality in 2019 by investing in environmental initiatives to offset its CO2 emissions, the report said.

Incorporated in São Paulo, Brazil in 2013, CTG Brasil is a wholly-owned subsidiary of CTG’s overseas business arm China Three Gorges International Corporation. It currently owns 14 directly controlled hydropower plants, 3 hydropower plants with equity interests and 11 wind farms with equity interests in Brazil, with business footprints in 10 states in the country, making it the third largest power generator in Brazil.

CTG Brasil follows a localized talent development strategy and takes the initiative to fulfill its social responsibility while promoting local sustainable development, building a global reputation for CTG and Chinese enterprises in general.