Company achieves corporate governance standards
in the stock market and it is ready for the challenges of
regulatory framework
SÃO PAULO, May 9, 2022
/PRNewswire/ -- Sabesp celebrates on Monday (09/05) its
20th listing anniversary on the New York Stock Exchange
(NYSE) with participation in the "Closing Bell" ceremony, as well
as presentation and meetings with investors. The only Brazilian
sanitation company listed on NYSE, after two decades of
participation in the main international stock market, Company's
investments reached one third of all the contribution made in
sanitation in Brazil, which
allowed significant improvements to Brazilian people, also
attracting private capital and opening up new perspectives for the
whole sector. In this period, the company reached corporate
governance standards that credit Sabesp to the challenges set by
the new sanitation legal framework.
Responsible for the water supply, collection, and treatment of
sewage in 375 municipalities in the State of São Paulo, the largest
and most wealthy state in Brazil,
Sabesp is the third largest sanitation company in the world in
terms of revenues and one of the largest in population served,
attending 28 million customers. As a publicly traded mixed capital
company, since 2002 Sabesp has been listed on Novo Mercado Brasil (B3) and on NYSE as ADR
level III, the highest in corporate governance in both markets.
Currently, SP State Government holds 50.3% Company's capital,
whereas 34.4% is on B3 and 15.3% on NYSE.
Sabesp's entry into capital market was fundamental to increase
investments in the expansion and improvement of sanitation services
in the municipalities served. Water coverage tends to
universalization, sewage collection covering 92% (2021) and sewage
treatment, 79%. Contributions went from a level of R$ 1 billion per year to R$ 5 billion per year. For the period 2022-2026,
Sabesp plans to invest R $ 23.8
billion in the expansion of water and sanitary sewage
supply.
In these last 20 years, the Company's shares have had an
appreciation of 413% on NYSE, surpassing the performance of the
S&P 500 index, which rose 329%. Market value increased from
R$3.2 billion to R$32.6 billion and Sabesp's shares rose 896% on
B3, compared to 700% on the Ibovespa. Dividend paid to shareholders
totaled R$ 8.1 billion.
At a time when the adherence to the principles of environmental,
social and governance (ESG) is gaining ground in the business
environment, Sabesp also expands actions and commitments in this
area, its "core business". Projects such as the Novo Rio Pinheiros
program, which is bringing sanitation to almost 560,000 homes and
giving life to the river, stand out on the environmental and social
front.
Contact: Paula Pereira, Telephone: 55 11 98758-8271,
E-mail: paula.pereira@fsbcomunicacao.com.br
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SOURCE Sabesp