Climate Change Data

Faro Energy

Climate Impact & Sustainability Data (2018, 2021-04 to 2021-06, 2024)

Reporting Period: 2018

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Renewable Energy

Environmental Achievements

  • Construction of distributed solar energy production facilities in Brazil to reduce greenhouse gas emissions and accelerate the transition to cleaner energy.

Governance Achievements

  • Established internal processes and controls for managing bond funds and investments, including tracking of proceeds, managing unallocated proceeds, and earmarking funds to nominated projects.

Climate Goals & Targets

Environmental Challenges

  • Limited access to capital for renewable energy projects in Brazil.
Mitigation Strategies
  • Issuance of a green bond to finance the construction of distributed solar energy production facilities.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: Climate Bonds Standard version 2.1, Sector-specific criteria for Solar version 2.1

Third-party Assurance: Bureau Veritas UK Ltd.

Reporting Period: 2021-04 to 2021-06

Environmental Metrics

Total Carbon Emissions:Not disclosed
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:Not disclosed
Total Energy Consumption:26.9 GWh
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Climate Change
  • Renewable Energy

Environmental Achievements

  • Generated 26.9 GWh of renewable energy across five solar projects, resulting in a reduction of approximately 8,600 tons of CO2 emissions (calculated based on provided data and conversion factors).

Social Achievements

  • Not disclosed

Governance Achievements

  • Not disclosed

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Not disclosed

Environmental Challenges

  • System data collection errors in initial reporting for some projects.
Mitigation Strategies
  • Historical data was edited to account for system data collection errors.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Not disclosed

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: Climate Bonds Standard

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

  • Not disclosed

Not disclosed

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Not disclosed

Reporting Period: 2024

Environmental Metrics

Total Carbon Emissions:0 tCO2e/year (carbon neutral)
Scope 1 Emissions:Not disclosed
Scope 2 Emissions:Not disclosed
Scope 3 Emissions:Not disclosed
Renewable Energy Share:100%
Total Energy Consumption:450 GWh/year (cumulative since operations began)
Water Consumption:Not disclosed
Waste Generated:Not disclosed
Carbon Intensity:Not disclosed

ESG Focus Areas

  • Renewable Energy
  • Climate Change
  • Sustainable Development

Environmental Achievements

  • Became a carbon-zero company in 2024, with compensation for all activities.
  • Generated over 450 GWh of solar energy since operations began.

Social Achievements

  • 41% of positions occupied by women, 57% in management.
  • Generates over 200 jobs in project development, implementation, and operation.

Governance Achievements

  • Maintains a governance structure typical for closed-capital corporations, with a Board of Directors and a Management Board.
  • Is a certified B Corp since April 2016.

Climate Goals & Targets

Long-term Goals:
  • Not disclosed
Medium-term Goals:
  • Not disclosed
Short-term Goals:
  • Reach 300MWp installed capacity by 2025

Environmental Challenges

  • Not disclosed
Mitigation Strategies
  • Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement
  • Compliance with the Equator Principles and IFC guidelines

Climate-Related Risks & Opportunities

Physical Risks
  • Not disclosed
Transition Risks
  • Not disclosed
Opportunities
  • Not disclosed

Reporting Standards

Frameworks Used: ICMA Green Bond Principles, LMA/APLMA/LSTA Green Loan Principles, ANBIMA Guide for Sustainable Bond Offerings, Climate Bonds Initiative (CBI) standards, UN Sustainable Development Goals (SDGs)

Certifications: B Corp

Third-party Assurance: Potential for independent auditor review post-emission

UN Sustainable Development Goals

  • SDG 7 (Affordable and Clean Energy)
  • SDG 9 (Industry, Innovation, and Infrastructure)
  • SDG 13 (Climate Action)

Investments in solar power plants contribute to these goals.

Sustainable Products & Innovation

  • Not disclosed

Awards & Recognition

  • Best for the World: Governance (2018)
  • Best for the World: Environment (2019, 2021, 2022)