CCR Group is the first in the infrastructure sector in Brazil to have an approved SBT target

26 de January de 2024/ WayCarbon / Nenhuma / 0 comments

CCR Group, Brazil’s largest mobility infrastructure company, has had its greenhouse gas emissions reduction targets approved by the Science Based Targets Initiative (SBTi). To set the targets, CCR Group had the technical support of WayCarbon.

With this, CCR becomes the first company in the infrastructure sector in the country to make a public commitment to decarbonization with the initiative, the result of cooperation between the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute and the World Wide Fund for Nature. The SBTi has approved targets to reduce CO2 emissions by 59% in scopes 1 and 2 and 27% in scope 3¹ by 2033, compared to the base year of 2019.

For Miguel Setas, CEO of CCR Group, this achievement is in line with the company’s vision of leading the sector with a focus on creating sustainable value. “We know that decarbonizing the transport sector is a crucial issue for mitigating the effects of global warming. That’s why we’re committed to leading the ESG agenda in our sector, mobilizing our partners and boosting the impact of our actions,” says Setas, who is also the spokesperson for Sustainable Development Goal 11 (SDG 11) – Sustainable Cities and Communities, in the UN Global Compact’s Leadership with Impact initiative in Brazil.

“The approval of a science-based target is a milestone for any company. It is indisputable evidence of the maturity of corporate climate change management, as it changes the paradigm for setting emission reduction targets and commitments. Companies move from the position of what ‘can be done’ to what ‘must be done’,” says Henrique Pereira, COO of WayCarbon and a member of SBTi’s Technical Advisory Group (TAG).

To calculate the targets, based on scientific criteria, CCR Group drew up a Decarbonization Plan that involved diagnosing the release of greenhouse gases in its production activities and energy consumption (scopes 1 and 2) and in its value chain (scope 3) and the participation and commitment of operational and management teams from the company’s various areas and businesses. In addition, future emissions scenarios were analyzed and reduction opportunities identified in various processes. The targets are public and can be found here.

But actions to control emissions are already underway. By the end of this year, CCR has set three targets related to climate change mitigation:

Use of 78% biofuels in the flex-fuel vehicle fleet.
Reuse of 20% of the RAP (Reclaimed Asphalt Pavement) generated by 2023.
Increase photovoltaic capacity by 100% in relation to the installed power of its photovoltaic plants by 2022.

ESG history

CCR Group has been committed to the ESG agenda since it was founded in 1999. The company was the first to join the Novo Mercado and has been listed for 12 consecutive years on B3’s Corporate Sustainability Index (ISE), the main ESG index on the Brazilian capital market.

In 2021, the company revised its Materiality Matrix, with Climate Change being one of the material themes. CCR joined the Net Zero Ambition Movement of the UN Global Compact in Brazil in October 2022. In 2023, CCR had its rating raised from A to AA by MSCI ESG Ratings, one of the main global ESG indices and, in addition, the Company is a Gold Seal in the Brazilian GHG Protocol Program for the 10th consecutive year (base year 2022).

Recently, CCR made commitments to supply 100% of its modal consumption with green energy and to use biofuels in 100% of its light fleet – in both cases, by 2025. The company also assesses its risks related to climate issues through the TCFD (Task Force on Climate-related Financial Disclosure).

In partnership with Insper, the Group launched the National Sustainable Mobility Observatory at the beginning of September this year, an unprecedented initiative in Brazil. The aim is to provide data on public transport systems to support academic production and the formulation of public policies aimed at inclusive and sustainable mobility models.

On another front, the company launched the CCR COP-30 Taskforce to prepare for the 30th edition of the Conference of the Parties (COP) on Climate Change, to be held in Belém (PA) in 2025. The initiative aims to accelerate actions aimed at mitigating the effects of global warming, preserving biodiversity, transitioning to a low-carbon economy and engaging CCR’s partners in this agenda.

¹ Full text of SBTi targets: CCR Group commits to reduce absolute scope 1 and 2 GHG emissions 59% by 2033 from a 2019 base year. *CCR Group also commits to reduce absolute scope 3 GHG emissions from purchased goods and services, and fuel and energy-related activities 27% within the same time frame. *CCR Group further commits that 81% of its customers by emissions, covering use of sold products, will have science-based targets by 2026.