Potential offtaker

Itausa SA

www.itausa.com.br

Estimated electricity consumption

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Countries of production presence

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Itausa SA is a Brazilian investment holding company that operates in the Investment Holding Companies sector. The company was founded in 1966 and is headquartered in São Paulo, Brazil. Itausa SA is a publicly traded company and is listed on the São Paulo Stock Exchange (B3) under the ticker symbol ITSA4.

Itausa SA has a diversified portfolio of investments in various sectors such as financial services, industrial, retail, and real estate. The company's financial services division includes Banco Itaú, one of the largest banks in Brazil. Itausa SA's industrial division includes Duratex, a leading manufacturer of wood panels and ceramic tiles. The company's retail division includes the Brazilian department store chain, Lojas Americanas. Finally, Itausa SA's real estate division includes Alpargatas, a leading footwear and apparel company.

As a responsible corporate citizen, Itausa SA is committed to decarbonisation and reducing its carbon footprint. The company has implemented various initiatives to reduce its greenhouse gas emissions and promote sustainability. One of the key initiatives is the Corporate Energy Program, which aims to increase the use of renewable energy sources and reduce the consumption of fossil fuels.

Under the Corporate Energy Program, Itausa SA has implemented several measures to reduce its energy consumption and promote renewable energy. The company has invested in solar power plants and wind farms, which generate clean energy and reduce the company's reliance on fossil fuels. Itausa SA has also implemented energy-efficient technologies and practices in its operations, such as LED lighting, energy-efficient HVAC systems, and smart building controls.

In addition to promoting renewable energy, Itausa SA has also implemented Corporate Power Purchase Agreements (PPAs) to support the development of renewable energy projects in Brazil. A Corporate PPA is a contract between a company and a renewable energy project developer, where the company agrees to purchase a certain amount of renewable energy from the project developer over a specified period. By entering into Corporate PPAs, Itausa SA is supporting the development of renewable energy projects in Brazil and reducing its carbon footprint.

Itausa SA's commitment to sustainability and decarbonisation has been recognised by various organisations. In 2020, the company was included in the Dow Jones Sustainability Index (DJSI) for the seventh consecutive year. The DJSI is a global index that measures the sustainability performance of companies based on environmental, social, and governance (ESG) criteria.

Itausa SA's commitment to sustainability and renewable energy is not only good for the environment but also good for business. By reducing its energy consumption and promoting renewable energy, the company is reducing its operating costs and improving its bottom line. Furthermore, by investing in renewable energy projects, Itausa SA is diversifying its portfolio and creating new revenue streams.

In conclusion, Itausa SA is a Brazilian investment holding company that operates in the Investment Holding Companies sector. The company has a diversified portfolio of investments in various sectors such as financial services, industrial, retail, and real estate. As a responsible corporate citizen, Itausa SA is committed to decarbonisation and reducing its carbon footprint. The company has implemented various initiatives to promote renewable energy and reduce its energy consumption, including the Corporate Energy Program and Corporate PPAs. Itausa SA's commitment to sustainability and renewable energy is not only good for the environment but also good for business, as it reduces operating costs and creates new revenue streams.

✓ Declared Net Zero commitment