CONSULTANCY | PROJECTS
Light has been developing sustainability management improvement projects in partnership with the Catavento team for years, having started this process with an analysis of existing internal processes aimed at adaptation to the best market practices.
In 2014, the materiality matrix was reviewed, considering the current market environment in the electricity sector. There has also been continued improvement in management, through the monitoring of sustainability aspects in low-income communities in order to establish a centralized view of measured benefits. In addition, Catavento advised the company on accounting measures.
In addition to these improvements, Light sponsored the research entitled “See Change: How Transparency Drives Performance,” developed by Catavento in partnership with Sustainability. Because of this partnership, Light received specific assessment of its company structure proposed by the research. Learn more about the research here.
During this partnership, in 2012 and 2013 projects related to the generation of shared value of Light´s performance in low-income community areas were performed.
Through an innovative approach, we developed a model for assessing the financial performance of Light within pacified low-income communities (UPPs). Catavento assessed the company´s initiatives by evaluating indicators related its activities, creating a proposal for indicators monitoring stakeholder impact, valuing actions in regions occupied by UPPs and developing an evaluation model replicable by other communities.
Also in 2013, we considered the case of Light´s shared value in low-income communities, evaluating new business models to reduce losses and debt. Through financial and non-financial indicators, we assessed the benefits that these business models bring to the company, entrepreneurs and society.
These set of actions taken and implemented over the years show, in addition to a successful partnership, Light´s involvement in the evolution of the sustainability agenda.
In 2007, the Catavento team, then a member of FBDS, contributed to the drafting of the company´s Sustainability Report following the GRI G3 guidelines as well as the adjustment of policies and practices that resulted in Light´s insertion in the ISE Bovespa in 2007. The company also experienced additional gains, like the consolidation of all existing management mechanisms and the prioritization of actions for the following year.
Since then, the Catavento team annually advises the company in the process of preparing their sustainability reports. The work is done in light of best market practices, through the critical reading of Light´s reports as well as benchmark research in Light´s sectors, such as alignment of its management to the ISE BM & FBovespa questionnaire.
Aiming to evolve its sustainability management, Light demanded a work agenda from the Governance and Sustanability Committee. From this, we developed a panel of experts who addressed topics relevant to business, which provided an opportunity to hear suggestions and diverse perspectives from diverse opinion leaders.
The initiative helped Light guide its sustainability management and complete its reporting strategy guided in material themes. One result of the company´s commitment to this process was the improvement of company´s accounting, both in terms of quality of reporting and innovative mechanisms (Magazine, Conexão Light).
In 2012, sustainability management tools were developed by use of indicators, graphs and tables based on material terms identified for management to annually monitor. In addition, in search of a public position related to climate changes and environmental management, Light, along with the Catavento team, developed an agenda of commitments.
Light operates in 31 cities in the state of Rio de Janeiro, covering an area of more than 10 million people and reaching 4 million clients. With more than a century of operation, Light accompanies and provides essential goods and services for economic, social and cultural development of localities where it operates.
Light´s commitment to sustainability was strengthened with the inclusion of this concept in their company mission. Explicitly, the Company mission became “committed to sustainability.” For Light, the perfect balance between the three components of sustainability (economic, social and environmental) will determine the continuity of its ultimate goal, which is to provide, in an efficient and responsible manner, an essential public service.
Light began to publish their efforts in a Sustainability Report, using the Global Reporting Initiative (GRI). Light adheres its guidelines to the principles of the Global Compact, a United Nations initiative that encourages businesses to adopt fundamental and internationally accepted values in the areas of human rights, labor relations, the environment and anti-corruption practices.
Source: Light´s website