Press and opinion leaders

Relationship with the press

Chesf contacts the press on a weekly basis on topics such as rivers, reservoirs, water management, among others. The subject of water is delicate in the Northeast Region and we manage ten reservoirs, which demands attention to the content disseminated to the public. The inauguration of the Sobradinho Floating Solar Platform was emphasized by the press in 2019.

We also make and receive weekly contacts with interested parties for internal and external events, and we constantly meet the demands of visiting the plants and reservoirs.

Long-term strategic planning

As a result of the Strategic Planning review work, foreseen in the Company’s regulatory instruments, a process of updating the organizational identity and strategic objectives of Chesf was developed and, consequently, the construction of its Strategic Map, which meets the challenges of the current scenario of the domestic electricity sector. Below we present the Chesf Strategic Map for the 2020-2035 cycle.

Chesf’s Strategic Planning is a dynamic process That influence the business performance and the consequent adaptation of strategic objectives, aiming to improve management and achieve the goals and results proposed, considering a long-term perspective. It is based entirely on the holding company’s Business and Management Master Plan (PDNG). For further information about PNG 2019-2023 and 2020-2024, access Strategy and prospects.

Financial results

The management of economic and financial performance aims to support business decisions, aiming to improve management and achieve the goals and results proposed for the short, medium and long term, in order to ensure the growth and sustainability of Chesf.

For further information about Chesf’s financial results in 2019, access Capital performance > Financial capital.

Business ethics and integrity

Main documents guiding ethics and integrity at Chesf:

  • Code of Ethical Conduct and Integrity;
  • Anti-corruption policy of Eletrobras companies;
  • Conflict of Interest Management Policy of Eletrobras companies; and
  • Regulation of the Eletrobras Companies Integrity Program (represents a tactical unfolding of the strategic guidelines of the Anticorruption and Conflict of Interest Management Policies).

We have adopted the Eletrobras Companies Integrity Program, also called the “Eletrobras Five Dimensions Program”, whose objective is to prevent, detect and remedy situations of fraud and corruption. The following infographic shows the composition of the Program.

We execute controls related to the Sox Certification (Sarbanes-Oxley Act), which are tested annually by internal and external audits. It is worth mentioning that, in the 2019 cycle, there were no reports of deficiencies related to the Integrity Program. We can also mention the integrity audits carried out by control agencies, such as the Office of the Comptroller General of Brazil, in a process carried out in 2019, 88% of the recommendations recorded by the agency in previous work in 2016 were considered to have been complied with and the rest is covered by action plans. Additionally, the following indicators are monitored quarterly:

  • employees trained in anti-corruption policies and procedures;
  • supplier due diligence;
  • critical suppliers trained in fighting corruption; and
  • business partners trained in fighting corruption.

Also, in 2019, we consolidated the process of evaluating the integrity of third parties, which involves:

  • supplier evaluation with automation of the due diligence form application, improvement of the background check tool and improvements in integrity reports;
  • evaluation of sponsorships, donations, agreements and social actions;
  • evaluation of governance members (board directors and members) with the improvement of the background check tool and with a broader scope of the opinion issued by the integrity area; and
  • integrity assessment in disinvestment processes.

For further information about this theme consult about reporting and integrity management channels at Corporate governance and ethics > Business ethics and integrity.


In compliance with Law 12,334/2010, relating to the National Dam Safety Policy, Chesf prepared the Emergency Action Plan (PAE) for all of its dams, which brings together measures to protect the populations, properties and the environment located downstream from the dams. The document also brings the procedures to be adopted by the Company in emergency situations, characterized when there is a risk of rupture of the dam’s structures or even in case of a hypothetical rupture. In addition to Chesf’s internal actions, the PAE defines the external agents to be notified and provides relevant information to the civil protection and defense authorities to assist them in the preparation of the respective municipal contingency plans and management of the external emergency.

Dam safety

After the events in Mariana and Brumadinho (MG), 2019 was a time of uncertainty regarding the rupture of dams. Although the facilities built for hydroelectric power generation are completely different from those of mining, Chesf was also urged by its stakeholders to take a position on the matter. Therefore, in 2019, we developed the regulations for the management of emergency action plans.

In addition, as required by the National Dam Safety Policy, the Emergency Action Plan for Dam Safety was concluded and sent to the regulatory agency (Aneel), which is still in the approval phase. In 2020, safety inspections (audits), adjustments to warning systems and the establishment of escape routes in each municipality where we have hydroelectric generation projects will begin.

We also plan to offer a special course on the subject for all employees.