Sustentabilidade empresarial no setor de energia: a convergência entre ESG e ODS no ISE B3

Abstract

This study aims to analyze the integration between the United Nations' Sustainable Development Goals (SDGs) and the Environmental, Social, and Governance (ESG) criteria within energy companies listed on the B3 Corporate Sustainability Index (ISE). This mixedmethod research (qualitative and quantitative) relied primarily on Annual Sustainability Reports from 2020 to 2023. Specific assessment tools were applied to measure the proximity and influence of the SDGs and ESG parameters on corporate practices. The analysis revealed significant variations among companies in terms of strategic alignment with the SDGs and effective implementation of ESG pillars, highlighting Eletrobras, CPFL Energia, and Neoenergia as benchmarks of good practices. The comparison between the scores obtained and the companies' positions on the ISE B3 index showed that reported performance does not always correspond to ranking, suggesting the need for greater standardization and transparency in sustainability disclosures. This research contributes to the ongoing debate on corporate sustainability by offering a critical evaluation of how Brazilian energy sector companies are committed to global sustainable development goals.