Empresa Generadora de Electricidad Haina, S.A.
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
Total Carbon Emissions:1,501,945 tCO2e/year
Renewable Energy Share:34.7% of total energy use
Water Consumption:1,017,595 m3/year
Waste Generated:2,343 m3 solid waste/year, 5,430 m3 hazardous liquid waste/year, 170 m3 hazardous solid waste/year, 21,221 tons ash/year
ESG Focus Areas
- Sustainable economic performance
- Ethics and good corporate governance
- Commitment to our people
- Commitment to communities and society at large
- Operational excellence
- Risk management and resilience
- Environmental management and commitment
- Strategy against climate change
- Focus on renewable energy
- Sustainable sourcing
Environmental Achievements
- Avoided the emission of 477,597 tons of CO2e through renewable energy generation.
- Reduced CO2 emissions per kilowatt-hour produced by half.
- Achieved 33% renewable energy share in installed capacity.
Social Achievements
- Increased the number of female hires in technology, maintenance, and asset security.
- Conducted 4,000 training activities for 502 employees.
- Implemented social programs benefiting over 12,000 people directly and over a million indirectly in 27 communities.
- Donated clean air equipment to firefighters in Barahona and a new fire station in Enriquillo.
Governance Achievements
- Implemented policies and systems ensuring efficiency and achieving objectives.
- Communicated all relevant events to the Superintendency of the Securities Market, the Dominican Republic Stock Exchange, and the public.
- Established the Ethics and HRDI Committee by merging the Human Rights, Compliance, and Diversity and Inclusion committees.
- Established the Resilience Committee, taking over the responsibilities of the Safety Committee.
Climate Goals & Targets
Medium-term Goals:
- Develop 1,000 MW of non-conventional renewable sources by 2030.
- Produce 400 MW of natural gas electricity generation by 2030.
- Optimize existing assets by converting them to natural gas by 2030.
Environmental Challenges
- Exchange rate risk
- Interest rate risk
- Liquidity risk
- Credit risk
- Fuel price risk
- Geographic environment risk
- Demand risk
- Natural disasters/business continuity
- Operating risk
- Fuel supply risk
- Compliance risk
Mitigation Strategies
- Continuous monitoring of monetary assets and liabilities in foreign currency.
- Limited exposure to variable interest rate risks.
- Monitors liquidity needs and maintains credit lines.
- Maintains power purchase agreements with significant industrial clients.
- Reasonable coverage against fuel price fluctuations through indexation formulas.
- Maintains macroeconomic stability through debt placement in international markets.
- Monitors energy demand fluctuations.
- Reinforces business continuity management and builds resilient infrastructure.
- Asset operation and maintenance programs, insurance policies, and spot market acquisition.
- Sufficient supply capacity and internal policy for fuel storage.
- Ethical guidelines, internal control, and compliance officer.
Supply Chain Management
Responsible Procurement
- Incorporates sustainability criteria into tender and supplier contract evaluation processes.
- Ensures supplier alignment with the company’s Code of Ethics and local regulations.
Climate-Related Risks & Opportunities
Physical Risks
- Natural disasters (hurricanes)
Transition Risks
- Fluctuations in energy demand
- Fuel price risk
Opportunities
- Investment in zero-emission assets
- Replacement of combustion vehicles with electric vehicles
- Reduction of carbon footprint
Reporting Standards
Frameworks Used: GRI
Certifications: ISO 14001, NORDOM 775, Igualando RD Seal (Gold mention)
UN Sustainable Development Goals
- SDG 4
- SDG 7
- SDG 8
- SDG 13
See Commitment to Sustainable Development Goals section
Awards & Recognition
- NORDOM 775 certification
- Igualando RD Seal (Gold mention)
- RD Incluye Seal (Bronze mention)
- Recognition for being one of the most diverse, equitable and inclusive companies in the Dominican Republic
- First place in corporate reputation in Central America and the Dominican Republic among national electricity sector companies
- Award for EGE Haina’s international sustainability-linked bond
- Special recognition for contributing to the mitigation of national greenhouse gas emissions
- Girasol Solar Park recognized as the best large-scale energy project 2022
- Highest talent management quality index
- Most admired company in the Dominican Republic’s electricity sector and one of the best places to work in the country