Climate Strategy
Our subsidiaries and co-subsidiaries have potential to help drive the transition to a low-carbon economy through the sectors in which they operate: agribusiness, renewable energy, oil & gas, and mining. Our collective efforts are focused on advancing the role of these sectors in the energy transition to not only enhance economic growth but also promote the sustainability and resilience of both Brazil and the world.
1
We produce ethanol that is less polluting than gasoline and is therefore another alternative to decarbonize sectors where reducing emissions is difficult.
2
The trains we use to transport agricultural commodities emit seven times less greenhouse gases than other means of transportation.
3
The gas we distribute to homes, industries and power generation plants is essential to replace coal and ensure safe and efficient energy transition, as are the opportunities offered by biomethane.
4
Our lubricants help increase productivity at a low cost, in both vehicles and industrial plants.
Our role is to guide and establish commitments and targets for businesses to advance the energy transition agenda and scale up the offerings of low-carbon solutions. This reflects an evolving journey in the maturity of each company, combining an approach grounded in efficiency, risk management, positive impacts, and better capital allocation.
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).