Climate Strategy
Climate commitments of our businesses
- 80% increase in renewable energy generation by 2030
- 10% reduction in carbon intensity from product use by 2030
- 20% reduction in carbon footprint from ethanol by 2030 (base year 2018/2019)
- Increase the share of renewable businesses to 80% of adjusted EBITDA
- Reach carbon neutrality (net zero) scopes 1 and 2 in distribution businesses by 2030
- Be a leading distributor of gas from renewable sources in Brazil
- Encourage the use of gas in the national transportation matrix, replacing more polluting fuels
- Include 15% of recycled plastic in packaging by 2025
- Reduce specific emissions by 15% by 2023 (base year 2019). Target was reached in advance: 17% in 2022 and 17.4% in 2023
- Reduce specific emissions by 21% by 2030 (base year 2020)
- Restoration of more than 2,200 hectares of native vegetation in the last 10 years, 100 hectares in 2023 and more than 150 hectares planned for 2024
Climate risks
In recent years, we have enhanced the process of identifying, assessing, and managing risks and opportunities related to climate change across all our businesses. This includes integrating the monitoring of these risks into the company’s formal risk management process. Moreover, following an in-depth study, we have developed specific climate risk matrices for each company. These matrices have been integrated into the general risk matrix of each business and, in a consolidated manner, into Cosan’s matrix.
For information on the key climate risks and opportunities identified in our business portfolio, please refer to our specific report aligned with the Task Force on Climate-Related Financial Disclosures (TCFD).