Below is the information acquired on COMPANHIA ENERGETICA DE MINAS GERAIS - CEMIG, which is not yet included in our research perimeter.

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Last update 22 March 2021

Description of economic activities

Production of electricity (NACE2 3511)

This company operates as a Brazilian power firm engaged in electric power generation, transmission and distribution. It has its registered headquarters in Belo Horizonte, Brazil. The company was founded in 1952 for the purpose of providing the necessary support to a broad program of modernization, diversification and expansion of the Minas Gerais' industrial park. It is traded on the New York Stock Exchange under the ticker symbol CIG.The company is the largest combined power generator and distributor in Brazil. Its electric power transmission business consists of transporting electric power from the facilities where it is generated to the distribution networks for delivery to end users. The company owns and operates 52 power plants, most of them hydroelectric. It also engages in distributing natural gas in Minas Gerais, providing a fiber-optics and coaxial cable network installed along its transmission and distribution lines, through which telecommunication services can be provided, and national and international consulting business.The company works in partnership with private enterprises, relying on a predominantly hydroelectric energy matrix. These include: Companhia Vale do Rio Doce, Companhia Agri­cola Paineiras, and Companhia Mineira de Metais. It operates in the Brazilian states, including Santa Catarina, Rio de Janeiro, Espi­rito Santo, and Rio Grande do Sul. The company aims to be the best energy company in Brazil.
  • COMPANHIA ENERGETICA DE MINAS GERAIS - CEMIG

  • Brazil (BR)
  • Company type: Corporate
  • Parent company: ESTADO DE MINAS GERAIS
  • Chief Executive Officer (CEO): Mr Marcio Luiz Simoes Utsch
  • CEO Total remuneration: N/A
  • Website: www.cemig.com.br

Financial data

Number of employees

N/A
5,596
6,033
N/A

Revenue 1

N/A
5.608
5.019
5.473

EBIT 1

N/A
1.201
740.757
881.386

EBITDA 1

N/A
1.413
932.168
1.095

1 numbers are in millions

  • RepRisk Indicator (last month):  19

Social dialog

  • Transnational Corporate Agreement (TCA): N/A
  • Global Framework Agreement (GFA): N/A
  • Societas Europaea (SE): N/A
  • Bangladesh Accord: N/A

European Works Councils

  • EWC: N/A

Standards and certifications

  • Global Compact:
  • N/A
  • CDP (Carbon Disclosure Project): N/A
  • Modern Slavery Statement: N/A
  • Transparency Index: N/A
  • SA8000 Social Accountability: N/A
  • Integrated report: N/A
  • ISO26000: N/A
  • OECD Guidelines: N/A
  • Social Development Goals (SDGs): N/A

Global Reporting Initiative certification

  • Global Reporting Initiative standards: N/A
  • Global Reporting Initiative GRI G4: N/A

Other company declarations

Policies

  • Training policy: N/A
  • Policy to protect the right to health and safety in the workplaces where the company operates: N/A
  • Policy to protect the right to health and safety in the workplaces in the supply chain: N/A
  • Diversity policy: N/A

Universal declarations

Declarations and treaties recognised by the country where the company has its registered office

  • Universal Declaration of Human Rights:
  • European Convention on Human Rights (ECHR):
  • Charter of Fundamental Rights of CDFL Workers (Strasbourg Charter 1989):
  • Charter of Fundamental Rights of the European Union EU CFR (Nice Charter 2000):
  • Treaty on the Functioning of the European Union TFEU:
  • Registered office in an OECD country:
  • ILO C029 - Forced Labour Convention, 1930 (No. 29):
  • ILO C087 - Freedom of Association and Protection of the Right to Organise Convention, 1948 (No. 87):
  • ILO C098 - Right to Organise and Collective Bargaining Convention, 1949 (No. 98):
  • ILO C100 - Equal Remuneration Convention, 1951 (No. 100):
  • ILO C105 - Abolition of Forced Labour Convention, 1957 (No. 105):
  • ILO C111 - Discrimination (Employment and Occupation) Convention, 1958 (No. 111):
  • ILO C138 - Minimum Age Convention, 1973 (No. 138):
  • ILO C182 - Worst Forms of Child Labour Convention, 1999 (No. 182):

Directives applied in the company offices in EU 27

  • D. 80/987/EEC: N/A
  • D. 89/391/EEC: N/A
  • D. 98/59/EC: N/A
  • D. 2000/43/EC: N/A
  • D. 2000/78/EC: N/A
  • D. 2001/23/EC: N/A
  • Council D. 2001/86/EC: N/A
  • D. 2002/14/EC: N/A
  • D. 2002/73/EC: N/A
  • Council D. 2003/72/EC: N/A
  • EP and Council D. 2005/56/EC: N/A
  • D. 2009/38/EC: N/A
  • D. 2004/25/EC: N/A
  • D. 2011/35/EU: N/A

Presence in main rankings

  • Global 100 Most Sustainable Corporations: N/A
  • Global CSR Rep Trak 100: N/A
  • BrandZ Top 100 Most Valuable US Brands: N/A
  • The Worlds Best Multinational Workplaces: N/A
  • The Gartner Supply Chain Top 25: N/A
  • The Worlds Most Innovative Companies: N/A
  • The Diversity Inc Top 50 Companies: N/A
  • Best Global Websites: N/A
  • Green Ranking Global Top 500: N/A
  • Green Ranking Global Top 100: N/A