Even discloses 2011 carbon inventory and mobilizes suppliers to reduce emissions

NOTICE TO THE MARKET

Even discloses 2011 carbon inventory and mobilizes suppliers to reduce emissions



São Paulo, May 25, 2012 - Even Construtora e Incorporadora S.A. - EVEN (BM&FBovespa: EVEN3), a builder and developer with operations in the states of São Paulo, Minas Gerais, Rio de Janeiro and Rio Grande do Sul and a focus on residential developments with units priced up to R$500,000, hereby informs its shareholders and the market in general that it has just published its second carbon inventory, after having disclosed its 2010 inventory last year, an unprecedented initiative for a company in the residential construction segment. This second report was verified by KPMG Climate Change & Sustainability Services, which represents a further advance by attesting that all the inventory calculations were accurate and complied with the regulations. “This increases the reliability of the document even further, given that the audit was undertaken by a specialized firm,” explained Silvio Gava, Even Construtora’s Chief Technical and Sustainability Officer.

In the 2011 inventory, the Company expanded the number of works evaluated from 32, in 2010, to 52, aiming to have an index that accurately reflects the reality of the Company’s business. Emissions were quantified in Scopes 1 (direct emissions), 2 (indirect emissions from acquired energy) and 3 (other indirect emissions) for the construction works and the offices in São Paulo, Belo Horizonte and Rio de Janeiro, as well as the first Melnick Even project, in Rio Grande do Sul. We will expand coverage to all the works in this region in 2012.

On verifying that the great majority of its emissions (98%) were in Scope 3, Even began a project to engage its suppliers. As part of this initiative, last year the Company united representatives from 34 suppliers to present its inventory and discuss the issue, underlining its importance for Even. “Since the vast majority of the emissions come from our suppliers’ activities, we believe this is a way of helping reduce emission levels,” declared Gava.

As a result of this contact, the Company was able to map those suppliers who produce an inventory and those who do not do so as yet. “By presenting our inventory and showing our concern, we are prompting our partners to pay more attention to the issue. This is an important role for builders: promoting changes to minimize impacts throughout the entire sector,” he added.

Also in 2011, Even began calculating the carbon budget for each project launched, including this information in all its advertising announcements. “It’s a way of increasing the importance of the issue with consumers and allowing them to compare products, as well providing an additional stimulus for whole sector to mobilize behind the issue,” he explained.

As part of its sustainability strategy, the Company is also stepping up its initiatives involving the reuse of construction waste. In 2011, around 70% of this waste was diverted from disposal in landfills, versus 54% in 2010. “The numbers reflect our efforts to ensure construction that is both cleaner and aligned with our concerns for the environment,” concluded Gava.

To access the file in PDF, click here.