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Annual and Sustainability Report CONTENTS ABOUT THIS REPORT 3 6 SUPPLIERS 112 1 RAS 2020 3 6.1 SUPPLY CHAIN MANAGEMENT 113 1.1 MESSAGE FROM THE BOARD 9 6.2 SUPPLIER PERFORMANCE 116 1.2 MATERIALITY 11 6.3 IDENTIFICATION AND MANAGEMENT OF ENVIRONMENTAL AND SOCIAL IMPACTS 118 1.3 OUR FIGURES 2020 19 6.4 COMMUNICATION CHANNELS WITH THE SUPPLIERS 120 1.4 AWARDS, ACKNOWLEDGMENTS AND VOLUNTARY COMMITMENTS 20 6.5 HIGHLIGHTS AND ADVANCES IN MANAGEMENT 121 6.6 MAIN MONITORING ITEMS 122 CEMIG 23 2 BUSINESS MODEL 23 7 ECONOMIC PERFORMANCE 131 2.1 OPERATIONS 26 7.1 MAJOR FINANCIAL INDICATORS 132 2.2 STRATEGY 29 7.2 CAPITAL MARKETS AND DIVIDENDS 138 2.3 INNOVATION 32 7.3 INVESTMENTS IN GENERATION, TRANSMISSION AND DISTRIBUTION 139 2.4 NEW BUSINESSES 35 2.5 GRANTS 36 8 SOCIAL PERFORMANCE 142 2.6 PUBLIC POLICIES AND SECTORAL ASSOCIATIONS 39 8.1 RELATIONSHIP WITH THE COMMUNITY 142 8.2 TERRITORY MANAGEMENT 143 3 CORPORATE GOVERNANCE 43 8.3 CORPORATE CITIZENSHIP AND SOCIAL INVESTMENTSS 147 3.1 GOVERNANCE MODEL AND MAIN PRACTICES 43 8.4 HUMAN RIGHTS 155 3.2 ETHICS AND TRANSPARENCY 53 3.3 RISK MANAGEMENT 56 9 ENVIRONMENTAL PERFORMANCE 164 9.1 ENVIRONMENTAL MANAGEMENT 165 WHERE OUR POWER COMES FROM 63 9.2 NATURAL RESOURCE MANAGEMENT 169 4 CUSTOMERS 63 9.3 WATER IN THE GENERATION PROCESS 177 4.1 MARKET DEVELOPMENT 63 9.4 BIODIVERSITY 181 4.2 OUR CUSTOMERS AND CONSUMERS 67 4.3 QUALITY OF ENERGY 69 10 CLIMATE CHANGE 188 4.4 SAFE USE OF ENERGY 70 10.1 RISKS AND OPPORTUNITIES ARISING FROM CLIMATE CHANGE 188 4.5 PROTECTION AGAINST LOSSES 75 10.2 CLIMATE STRATEGY 192 4.6 RELATIONSHIP WITH CUSTOMERS 79 10.3 EXTERNAL INITIATIVES 193 4.7 INFORMATION SECURITY 84 10.4 EMISSIONS 195 4.8 STRUCTURE AND TARIFF ADJUSTMENT 87 OTHER DATAS 199 5 EMPLOYEES 90 11 GRI INDEX 199 5.1 EMPLOYEE PROFILE 91 12 INDEPENDENT VERIFICATION STATEMENT 240 5.2 REMUNERATION AND BENEFITS 94 5.3 DIVERSITY 96 5.4 PERFORMANCE MANAGEMENT 98 5.5 ORGANIZATIONAL LEARNING 98 5.6 LABOR AND UNION PRACTICES 102 5.7 LABOR HEALTH AND SAFETY 103 ABOUT THIS REPORT [102-51; 102-54] RAS 2020 was prepared following the GRI Essential option standard, 1 RAS 2020 and meets the following assumptions: • Full compliance with the GRI Standard [102-1; 102-50] Cemig, Companhia Energética de Minas Gerais (Minas Gerais Power • Assurance of legacy and comparability with data and information presented in pre- Utility Company) presents here its Annual Sustainability Report - RAS 2019 relating to vious reports3. the period from January to December 2020. Additionally, the Company was inspired by integrated report guidelines of the Internatio- [102-52] The annual dissemination of the RAS contributes to foster Cemig’s transparent nal Integrated Reporting Council (IIRC), including the value-generation diagram using the dialogue with its stakeholders by providing relevant information about its activities, so-called capitals employed. It also provides information regarding integration between the Company’s performance in environmental, economic and social aspects, and also the Company’s programs and projects), as well as their contributions to the United relevant information on governance. Nations (UN) Sustainable Development Goals - SDGs). [102-45; 102-56] The accounting data presented in this report refers to the set of com- [102-56] The RAS 2020 submitted to independent external verification, carried out by panies under the holding’s operational control, which are described in Cemig Group’s Bureau Veritas, resulting in the Assurance Statement attached to the end of this report. organizational chart, in the chapter ‘Cemig’, section ‘Major Equity Interests’. Exceptions All pieces of information regarding greenhouse gas (GHG) emissions and their sources are mentioned throughout the report. These data were consolidated based on criteria and precursors were also audited by Bureau Veritas within the scope of Cemig 2020 1 laid down in Brazilian law and previously audited by Ernst & Young Auditores Indepen- GHG Emissions Inventory.4 dentes S.A. The Company’s Financial Statements, available at the Company’s website, are presented according to the International Financial Reporting Standards - IFR in thousands of R$ (except where another currency is indicated).2 1 For further details, see the explanatory notes to the Standardized Financial Statements - DFP, on Regarding non-accounting information, RAS 2020 may cover other subsidiaries of Cemig’s website. Available at: http://ri.cemig.com.br/en/divulgacao-e-resultados/results-center/ the Cemig Group; there will be an explicit statement in the text in cases when that 2 The financial information audit report can be viewed at the end of the document by following the link https://api.mziq.com/mzfilemanager/v2/d/716a131f-9624-452c-9088-0cd6983c1349/2a- happens. The terms “Cemig”, “Business” or “Company” refer to the Cemig holding and d54e07-276a-9b18-f4b8-b1b3f1481dd7?origin=1 Cemig Distribuição S/A (Cemig D) and Cemig Geração e Transmissão S/A (Cemig GT) 3 For this reason, information from the GRI Sector Supplement for the Power Sector (G3) is also subsidiaries. The name “Parent Company” is used to refer to the Cemig holding (Cemig included H) as an individual company, and does not include its subsidiaries. 4 The audit report of the Inventory information can be viewed by following the link https://www. cemig.com.br/en/relatorios/greenhouse-gas-inventory/ RELATÓRIO ANUAL DE SUSTENTABILIDADE 2020 3 GOVERNMENT MEASURES AIMED AT THE some classes of consumers (residential ones), priori- [102-48] This report contains information and data from ELECTRICITY INDUSTRY tizing of urgent and emergency customer service, as previous reports that may have been revised or changed. well as the supply of energy to services and activities The change indication includes the reason for reframing Several government measures aimed at the electricity considered as essential, drafting of a specific contin- the information (change due to alterations in the period industry to tackle the crisis have been implemented, gency plan for service to medical and hospital units, or base year or in the measurement method, resulting among which we highlight: and other measures. By means of Normative Reso- from changes in the Company due to mergers and/or lution No. 891/2020 from July 21, 2020, the regula- acquisitions). • Enactment, on April 8, 2020, of Provisional Measure tory body amended Aneel Resolution No. 878/2020, No. 950/2020, which provided for a 100% discount maintaining the prohibition against the suspension of [102-53] Questions about this report can be sent by in the calculation of the Electricity Social Tariff, from energy supply as of August 2020 only for low-income e-mail to the Corporate Sustainability Oversight Depart- April 1 to June 30, 2020, for eligible consumers in the residential subclasses, revoking the provisions for the ment ([email protected]) or the Investor low-income residential subclass, with a rate of electri- other residential classes and related to the provision Relations Oversight Department ([email protected]). city consumption less than or equal to 220 kWh/mon- of services and activities considered as essential; th. The measure also authorized the Federal Gover- • Authorization to create the Covid Account, as detailed nment to allocate funds to the Energy Development in the next topic. Account (CDE), limited to R $ 900 million, to cover for the tariff discounts created; COVID-19 PANDEMIC • Extension from 15% to 30% of the limit related to the On March 11, 2020, the World Health Organization total amount of electric energy that can be declared (WHO) declared the situation of the spread of Covid-19 by distributor utilities, in all the processing of the Sur- as a pandemic, reinforcing the recommendations for plus Sale Mechanism (MVE) of the year 2020, aiming restrictive measures as a strategy to combat the virus to facilitate the contractual reductions; worldwide. These measures, embodied mainly in social • Release by the Electric Energy Trading Chamber distancing, negatively impacted many entities, affecting (CCEE), in April 2020, in compliance with Aneel Order their production processes, interrupting their supply No. 986/2020, of financial resources available in the chains, causing labor shortages and closing stores and reserve fund for future burden relief, with Cemig Distri- facilities. World economies have been struggling to de- buição’s share being R$ 122 million; velop measures to address and reduce the effects of the economic crisis caused by the pandemic, especially by • Implementation of measures aimed at maintaining means of their central banks and tax authorities. the public energy distribution service, through Aneel Resolution No. 878/2020 from March 24, 2020. These include the prohibition against power cuts due to default for 90 days, extended until July 31, 2020, for RELATÓRIO ANUAL DE SUSTENTABILIDADE 2020 4 COVID ACCOUNT On May 18, 2020, aiming to tackle the state of public calamity caused by the Covid-19 Restrictions are applied to distributor utilities that adhere to Conta-Covid, namely, (i) pandemic, the creation of the Covid Account was authorized by Decree 10,350/2020. prohibition of requirements for suspension or reduction of the volumes of electric This was aimed at covering deficits or anticipating revenues related to energy distribu- power acquired by contracts for the purchase and sale of electric power based on the tion concessionaires and licensees, which are the basis of the financial flow of the elec- reduction of consumption due to the pandemic, in place until December 2020,
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