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  7. Companhia Energética de Minas Gerais (CEMIG)
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Companhia Energética de Minas Gerais (CEMIG) | Sustainability Performance

https://www.cemig.com.br/
Linkedin

Coordinates large-scale service networks involving generation, distribution, and operational planning. Responsibilities include maintaining infrastructure, monitoring system performance, coordinating customer service channels, and implementing long-term initiatives intended to modernize operations and support broad regional access to essential utilities.

1952

Brazil

5,001 - 10,000 employees

Utilities

$1B - 10B in revenue

$500M - 1B in profitability

Submit or report inaccurate dataDownload Company Insights

Sustainability Ranking & Industry Benchmark

#599
Overall
#24
in Brazil
#22
in Utilities

Sustainability Maturity

​​0123456789​​%

Sustainability Intent

Available in
Scale package

Access
​​0123456789​​%

Industry Rank

36 out of 392

Overview
Environmental
Carbon emissionsEnergy consumptionWaste managementWater managementAir and land impactNature and biodiversityNature riskClimate risk
Social
Diversity and inclusionPay gapsHealth and safetyExternalities
Governance
TargetsSDG ImpactESG scores and exclusionsB-corp & CDP
Financial Data
Business performanceCapital & innovationAsset manager exclusion

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CO2 scope 1 + 2

419.0K CO2e tonnes, 2024
Leading

Renewable energy

6% 2024
Laggard

Waste generated

56.0K tonnes, 2024
Aligned

Female engagement

14% 2025
Critical

Externalities

20.0M $, 2024
Laggard

Market cap

155.8B $, 2026▼0.9% YoY

Revenue

7.7B $, 2026

R&D intensity

0% 2024

Carbon emissions

Reveal data for 1 credit

Industry rank: 19 out of 392


Total CO2 emissions
(CO2e tonnes)

Industry rank: 19 out of 392

Scope 1
Scope 2 location based
Scope 3 downstream
Scope 3 upstream
Industry benchmark
(adj. for revenues)
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Renewable energy

Reveal data for 1 credit
6%2024

Industry rank: 51 out of 392


Total energy consumption
and % renewables
(MWh, % of consumption)

Industry rank: 51 out of 392

Total energy

Share of renewable energy

Industry benchmark

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Renewable electricity

Reveal data for 1 credit
%2024

Industry rank: Beyond Top 100


Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: Beyond Top 100

Total electricity

Share of renewable electricity

Industry benchmark

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Intensity


Greenhouse gas intensity (Scope 1, 2, 3)(tCO₂e /$M)
Waste generation intensity (tonnes /$M)
Industry Benchmark

653.5

B/M 1.9K

7.3

B/M 2.0


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Female engagement

Reveal data for 1 credit

Share of female employees (%)

25
50
75
100
Company
Benchmark
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Waste

Reveal data for 1 credit
56.0K2024

Total waste generated (tonnes)

Total waste
Recovered & recycled
Not-recovered & not-recycled
Industry Benchmark

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Controversy level


Very Low
Low
Noticeable
High
Severe
Download Controversy Analysis
  • Companhia Energética de Minas Gerais (CEMIG), Brazil's major Minas Gerais state utility, has faced sustained scrutiny over hydropower reservoir impacts and the Rio Doce basin pollution legacy following the 2015 Samarco (Mariana) tailings disaster affecting CEMIG customers.
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Carbon emissions breakdown

Reveal data for 2 credits

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Energy consumption breakdown

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Climate risk

OverallAcuteChronic
Reveal data for 20 credits
Unlock Acute & Chronic
58 assets assessed
ScenarioComing soon
41Moderate
$128.3Mestimated revenue at risk
Thematic risk scoresESRS aligned scoresComing soon
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Nature risk

Reveal data for 10 credits

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Production loss

Reveal data for 5 credits

Share of company output at risk (%)

Direct operations
Upstream supply chain
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Revenue at risk

Reveal data for 5 credits

Production-loss NVaR expressed in monetary terms ($)

Direct revenue at risk
Upstream revenue at risk
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Assets exposed to sensitive locations

Reveal data for 5 credits

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Biodiversity loss in km²

Reveal data for 2 credits

Biodiversity loss in terms of the equivalent land affected (km²e)

Total biodiversity loss (km²e)
Industry benchmark
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Biodiversity loss in CO2e

Reveal data for 2 credits

Total biodiversity loss as CO2e tonnes

Total biodiversity loss (CO2e tonnes)
Industry benchmark

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Potential species loss

Reveal data for 2 credits

Estimated nature species lost due to corporate activity, expressed as Potentially Disappeared Fraction (PDF)

One row per year, with the latest at the top. Each driver uses its own scale.

Low ImpactHigh Impact
Industry benchmark
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Biodiversity impact

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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PDF: Potentially Disappeared Fraction (of species) due to corporate activities

Waste management

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Water management

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Air pollution

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Land use

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Diversity & inclusion

Reveal data for 3 credits

KPIMetricYear
20202021202220232024Benchmark
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Pay gap breakdown

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
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Health & safety

Reveal data for 2 credits

KPIMetricYear
20202021202220232024Benchmark
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Externalities

Reveal data for 1 credit

KPIMetricYear
20202021202220232024Benchmark
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Market cap

155.8B $, 2026▼0.9% YoY

Revenue

7.7B $, FY2026▼NaN% YoY

EBITDA

894.2M $, FY2026▼9.1% YoY

Operating margin

17% Industry: 21▼16.5% YoY

Margin trends


Margin as % of revenue

Gross margin
Operating margin
Net margin

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Free cashflow

818.3M 2024▼17.5% YoY

Capex

164.5M 2024▼37.4% YoY

Debt/equity ratio

0.5 Industry: 2▼NaN% YoY

R&D intensity

0.0%FY2024

R&D as % of revenue

R&D as % of revenue
Industry benchmark

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Return on invested capital

18.0%FY2026

Return on invested capital (ROIC)
Industry benchmark

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Exclusions by region

Reveal data for 2 credits

Institutions excluding by region out of total tracked institutions

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Excluding institutions

Reveal data for 2 credits

Institution name, type, screener label

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Environmental policy coverage

Carbon reduction policy

Available

Human rights policy

Available

Recycling policy

Available

Workplace health & safety policy

Available

0%
Independent Directors

0 out of 14 incl. management

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SBTi targets and commitments

TargetStatusTemperature alignmentYear
Near-term targetTargets set1.5°C2030
Long-term targetTargets set1.5°C2040
Net-zeroTargets set-2040
Business Ambition 1.5°CMember-2022

Target details

Overall Net-Zero Target: Companhia Energética de Minas Gerais - Cemig commits to reach net-zero greenhouse gas emissions across the value chain by 2040. Near-Term Targets: Companhia Energética de Minas Gerais - Cemig commits to reduce absolute scope 1 and 2 GHG emissions 70.8% by 2030 from a 2021 base year. Companhia Energética de Minas Gerais - Cemig also commits to reduce scope 3 emissions from fuel and energy related activities covering all sold electricity 75.8% per MWh within the same timeframe. Companhia Energética de Minas Gerais - Cemig further commits to reduce absolute scope 3 GHG emissions from use of sold products for sold and distributed fossil fuels 42.0% within the same timeframe. Companhia Energética de Minas Gerais - Cemig finally commits to reduce all remaining absolute scope 3 GHG emissions 42.0% within the same timeframe. Long-Term Targets: Companhia Energética de Minas Gerais - Cemig commits to reduce absolute scope 1 and 2 GHG emissions 90.0% by 2040 from a 2021 base year. Companhia Energética de Minas Gerais - Cemig also commits to reduce scope 3 emissions from fuel and energy related activities covering all sold electricity 92.4% per MWh within the same timeframe. Companhia Energética de Minas Gerais - Cemig further commits to reduce absolute scope 3 GHG emissions from use of sold products for sold and distributed fossil fuels by 90.0% within the same timeframe. Companhia Energética de Minas Gerais - Cemig finally commits to reduce all remaining absolute scope 3 GHG emissions 90.0% within the same timeframe.

Powered by illuminem and Science Based Targets initiative. Last updated: 30 Jan 2025

Sustainability targets and commitments

TargetYearValueScopeBaseline

Overall score

78

Environment

99

Social

99

Governance

37

Exclusion screening

Adult content

Not available

Alcoholic

Not available

Animal testing

Not available

Firearms

Not available

Tobacco

Not available

Gambling

Not available

Nuclear

Not available

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CDP Scores


Climate Score

A

Water Score

A-

A

A-

B

B-

C

C-

D

D-

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SDG impact

Reveal data for 5 credits
2024

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SDG impact (historical)

Reveal data for 5 credits

KPIMetricYear
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Reporting

sustainability report symbol

Sustainability Report

Available

image report
Available
image report
Available

Sustainability employees


Total sustainability employees

11+



    Available in
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    Access
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