With “AA” rating on MSCI ESG, CCR leads in Latin America
With “AA” rating on MSCI ESG, CCR leads in Latin America
With “AA” rating on MSCI ESG, CCR leads in Latin America
São Paulo, June 06, 2023 – One of the most important global organizations for assessment of management and ESG performance (environment, social and governance), has just raised the Grupo CCR’s rating from “A” to “AA”. The MSCI ESG Ratings serve as a reference for institutional investors around the world.
This ranking puts Grupo CCR in first place in Latin America in the Transportation Infrastructure sector.
The upgrade in MSCI ESG Ratings shows that the Grupo CCR’s environmental responsibility and human mobility initiatives are on the right track. The company is working on the transition to a low-carbon economy and, by 2025, all the energy in urban mobility modes, such as trains, subways and VLTs, will come from renewable sources.
Replacing vehicles on the streets with rail transportation contributes to reducing greenhouse gas emissions. This scenario gains more relevance when associated with large urban concentrations: data from PNAD/2015, the most recent available, already pointed out that 84.7% of Brazilians lived in urban areas. Today, experts estimate that this number has already exceeded 95%.
In the city of Salvador, through a study conducted with the WayCarbon consultancy it was noted that the use of the subway, in 8 years of CCR Metrô Bahia’s operation, contributed to avoiding the emission of 45 thousand tons of CO2 in the city. This figure is equivalent to the emissions of 23,564 light commercial gasoline-powered vehicles in one year (considering 12,500 km/year).
Besides the urban mobility initiatives, CCR will also double the energy capacity of the photovoltaic plants installed on its highways. Thus, 8 new plants should be installed by the end of this year, totaling 20 units on the highways operated by the Grupo CCR. In São Paulo, Grupo CCR also plans to install 1 photovoltaic plant to serve Line 5 – Lilac of the subway.
CCR S.A.
Waldo Perez
Vice President of Finance and Investor Relations
