Cerro Dominador posts its third public Sustainability Report

18 May, 2022

Cerro Dominador posts its third public Sustainability Report

May, 2021– Cerro Dominador presented its third public Sustainability Report to inform the company’s stakeholders the results and economic, social and environmental impact of its work in 2021.  In the words of Fernando Gonzalez, CEO of Cerro Dominador, “Having the energy of the future today is not an easy task, and it is our duty as a company on that path to manage the impacts we cause to our environment. Sustainability is a key pillar for us and it is essential that we make what we do in that respect transparent.

There can be no doubt that one of the greatest milestones in 2021 was the inauguration of the Cerro Dominador Concentrated Solar Power Plant in June, attended by Sebastian Piñera, President of the Republic, and national and regional authorities. No less important were the proposed optimization of the Likana Solar project that received approval in the Environmental Impact Assessment System (SEIA) to expand its capacity from 450 MW to 690 MW, and the award of co-funding to conduct pre-investment studies of green hydrogen projects in a contest sponsored by the European Union and the Chilean Agency of International Cooperation for Development (Agcid), implemented by the Ministry of Energy and Corfo.

This year, the report included for the first the Carbon Footprint Measurement for 2020 and the recommendations of the TCFD after a climate change risk matrix was prepared. This latter point is quite relevant because it is not yet a mandatory indicator and very few companies in Chile are reporting in their financial statements according to these recommendations. Cerro Dominador wants to be at the vanguard of energy companies by reporting on this subject to its lenders and shareholders.

Something that Cerro Dominador has followed from the start is a gender equality policy that is still incipient in the industry. Moving towards a greater internal equity in the organization is a challenge that Cerro Dominador has set for itself and on which it began to work in 2020 thanks to the signature of two agreements: Energy Plus Women, of the Ministry of Energy; and U.N. Women’s Win-Win program. Today, 40% of the company’s employees are women, as are 30% of the Executive Committee.

The report was prepared on the basis of the Core option of the Standards of the Global Reporting Initiative (GRI). Some indicators of the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-Related Financial Disclosures (TCFD) were also included to report more thoroughly on the material topics of the environmental management of our operations.

Download the complete report here.

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