Potential offtaker

GOL (GOL Linhas Aéreas S.A.)

www.voegol.com.br

Estimated electricity consumption

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Countries of production presence

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GOL Linhas Aéreas S.A., commonly known as GOL, is a Brazilian low-cost airline that operates in the domestic and international markets. The airline was founded in 2001 and has since become one of the leading airlines in Brazil, with a fleet of over 120 aircraft and a network that covers more than 70 destinations across South America, the Caribbean, and the United States.

GOL has been at the forefront of the aviation industry's efforts to reduce its carbon footprint and promote decarbonisation. The airline has set ambitious targets to reduce its greenhouse gas emissions, with a goal of achieving carbon neutrality by 2050. To achieve this goal, GOL has implemented a range of initiatives, including investing in more fuel-efficient aircraft, optimizing flight routes, and reducing ground operations emissions.

One of the key ways that GOL is reducing its carbon footprint is through the use of renewable energy. The airline has implemented a corporate energy program that includes the use of solar power at its facilities, as well as the purchase of renewable energy certificates (RECs) to offset its electricity consumption. GOL has also signed corporate power purchase agreements (PPAs) with renewable energy providers, which allow the airline to purchase renewable energy directly from the source.

In 2019, GOL signed a PPA with Casa dos Ventos, a Brazilian wind energy company, to purchase 30 MW of wind power. The agreement, which is set to run for 20 years, will provide GOL with enough renewable energy to power its entire operations in Brazil. The PPA is expected to reduce the airline's carbon emissions by more than 30,000 tons per year, which is equivalent to taking more than 6,000 cars off the road.

GOL's commitment to decarbonisation and renewable energy has been recognized by the industry. In 2020, the airline was named as one of the top 10 airlines in the world for sustainability by the Airline Passenger Experience Association (APEX). The award recognized GOL's efforts to reduce its carbon footprint, promote sustainable practices, and support local communities.

In addition to its environmental initiatives, GOL has also implemented a range of measures to improve its corporate social responsibility. The airline has a strong focus on employee well-being, with programs in place to promote health and safety, diversity and inclusion, and professional development. GOL also supports local communities through a range of initiatives, including education and social welfare programs.

GOL's commitment to sustainability and corporate social responsibility has been reflected in its financial performance. Despite the challenges posed by the COVID-19 pandemic, the airline has remained profitable and has continued to invest in its sustainability initiatives. In 2020, GOL was named as one of the top 10 most sustainable companies in Brazil by the magazine Exame.

Looking ahead, GOL is committed to continuing its efforts to reduce its carbon footprint and promote sustainable practices. The airline has set a target to reduce its emissions intensity by 20% by 2025, compared to 2017 levels. To achieve this goal, GOL will continue to invest in more fuel-efficient aircraft, optimize flight routes, and increase its use of renewable energy.

In conclusion, GOL Linhas Aéreas S.A. is a leading low-cost airline in Brazil that has demonstrated a strong commitment to sustainability and corporate social responsibility. The airline's efforts to reduce its carbon footprint, promote decarbonisation, and support local communities have been recognized by the industry and have contributed to its financial success. GOL's focus on renewable energy, including the use of corporate PPAs, has been a key part of its sustainability strategy and will continue to play an important role in the airline's future.