Environment

Itaúsa monitors the sustainable management of all its companies and guarantees alignment of the environmental actions and full operation of activities with support for complying with the main environmental indicators associated with the respective operations. In the industrial and financial areas, investments in environmental protection totaled R$35.5 million during 2010 and were distributed as follows:

Investments and Expenses Associated with Environmental Protection (R$ thousand) 2010 2009 2008 2007(1)
Duratex S.A.(2) 18,574 10,586 12,327 13,617
Elekeiroz S.A.(3) 10,923 8,740 11,503 10,063
Itautec S.A.(4) 1,600 3,303 525 2,481
Itaú Unibanco Holding S.A.(5) 4,440 962 18,898 4,072
All investments and expenses with environmental protection 35,537 23,591 43,253 30,233
(1) The investments and expenses associated with environmental protection in 2007 do not include Unibanco.
(2) At Duratex S.A., the investments were primarily for effluent treatment, waste collection and forest preservation, among others. Furthermore, it created a R$1 million provision for environmental remediation at the Jundiaí site due to the deactivation of one of the wood units at that site. The entire process has been formalized with the state environmental agency and should be finalized in up to three years.
(3) At Elekeiroz, the sum presented refers basically to the disposal of waste, expenses with environmental materials, expenses with emission monitoring and effluent treatment.
(4) Internal investments. No external investments were made.
(5) Investments and expenses in environmental protection in 2010 at Itaú Unibanco Holding S.A. were concentrated on gas washing, a consulting service for greenhouse gas inventory, selective collection at the centers and waste disposal and treatment.


Itaúsa also recorded a sum of R$168.8 thousand invested in Duratex associated with two environmental incidents. The first, at the Industrial Unit located in the city of Uberaba/MG, resulted in the signing of the Conduct Adjustment Agreement (TAC) with the Minas Gerais State Public Prosecutor's Office and addressed the technical failure that occurred at the Effluent Treatment Plant, which was quickly resolved and resulted in a compensatory measure. The other incident involved the emission of particulate matter, which was quickly investigated with the adoption of all the necessary technical measures for mitigating such emissions. As a compensatory measure, the company signed a TAC with the Minas Gerais State Public Prosecutor's Office that involved donation of the funds to be used to recover the Permanent Preservation Area (PPA) of that site. There was no significant environmental damage in either of the two cases.

At Duratex, investments in the environmental area must be evaluated by the Sustainability Committee, which assesses the processes related to business development based on all areas of social-environmental responsibility.

The company invested R$18.6 million in actions focused on the environment, primarily effluent treatment, waste collection and the maintenance of forest areas.

In alignment with the industrial area companies, Itautec and Duratex completed the first training course in lifecycle analysis for the engineers from the areas of development, environment, quality and supply. These areas have already defined the work groups for discussing how to implement improvements.

In the Duratex metal production sector, the company passed the Leadership in Energy and Environment Design (LEED) compliance evaluation to offer nine lines of Deca products with the Sustentax seal, featuring items that reduce water consumption by up to 80%.

The water consumption recorded at all the Itaúsa Conglomerate companies totaled 11,866,717 m3. This consumption represents a 50% increase with relation to the previous year due, among other reasons, to the increased measurement scope to include the Louças Recife, Ideal, Madeira Uberaba and Taquari units, the DRI Resins factory and Minas Gerais and Rio Grande do Sul Forest units, owed by Duratex.


Water Consumption (m3) 2010 2009 2008 2007(1)
Duratex S.A.(2) 7,586,876 4,198,687 4,882,963 4,580,211
Elekeiroz S.A.(3) 2,151,855 1,849,397 2,353,212 2,229,426
Itautec S.A.(4) 46,642 40,661 48,630 39,452
Itaú Unibanco Holding S.A. 2,081,344 1,814,180 1,983,340 948,158
Total Water Comsuption 11,866,717 7,902,925 9,268,145 7,797,247
(1) Water consumption in 2007 does not include Unibanco.
(2) The water consumption at Duratex results from the collection from the local water course, semi-artesian and artesian wells, the public utilities company and rainwater. Starting in 2010, Duratex began monitoring water consumption at the Louças Recife, Ideal, Madeira Uberaba and Taquari units, as well as the DRI Resins factory and Minas Gerais and Rio Grande do Sul Forest units.
(3) At the Várzea Paulista site, consumption for domestic purposes is supplied by two deep wells and completed by the concessionaire Sabesp. All of the water used at the Camaçari site, both for industrial purposes as well as domestic purposes, is supplied by the Braskem – Camaçari Petrochemical Center Utilities Center. Still in Camaçari, the reused condensed water produced through the steam generated by Braskem is included in the energy consumption (EN3).
(4) The water consumed by the industrial unit, administrative areas and branch offices is collected from the public supply network.



With relation to the environmental commitments it has assumed, Duratex is the first Latin American company to have its forest areas certified with the Green Seal, issued by the Scientific Certification Systems (SCS). The company is also pioneer in obtaining the Forest Stewardship Council (FSC) certificate for the sustainable management of its forests.

Duratex maintains a carbon emission inventory as part of its management and is part of the group of companies that helped elaborate the BM&FBovespa Carbon Efficient Index (ICO2), the index in which Itaúsa participates among the first portfolio of companies. The forest areas on its farms are open to academic studies that foster the development of research, promoting the generation of knowledge and training of specialists in this topic.

Duratex closed the year 2010 with approximately 136,200 hectares of effectively cultivated lands, predominantly eucalyptus used as a raw material to produce wood panels, floors and components, and as a complement, in the sales to third parties. All of the areas are subject to legal and environmentally safe management. In 2011, the company should finish surveying its carbon stock. This will allow it to record the statement of emissions versus the sequestration completed in the forests.

Right at the start of 2010, Duratex and Itautec were the first companies in Brazil to acquire and implement the SAP environmental module, a control and management operating system. The solution includes environmental modules that control a portion of the waste and atmospheric emissions. This control aligns the environmental item management processes, making it possible to obtain a more complete overview of CO2 emission and related mitigation measures.

Continuing with the programs focused on productivity boosting, existing installation maintenance, employee safety and environmental preservation, Elekeiroz invested R$10.2 million in 2010.

In the environmental area, Elekeiroz is focused primarily on controlling atmospheric emissions. Every production process used in the chemical industries is finalized through chimneys, the exit site for the gases left over from the process.

In September 2010, the company began operating a carbon gas (CO2) collection and recovery system at the Camaçari site, generating the substance for sale to third parties. With the installation of the system, the carbon gas emissions into the environment were substantially reduced and the company was also able to benefit economically from the availability of gas for the industrial consumption of third parties.

In 2010, for the second consecutive year, Itaú Unibanco undertook its Greenhouse Gas (GHG) emission inventory. The bank also rigorously follows internationally recognized commitments to combat climate change, such as the Carbon Disclosure Project and GHG Protocol, and is a signatory of the UN Global Pact.

For the first time in their histories, Itautec and Elekeiroz hired a specialized company to survey their GHG emissions and perform their inventories for the activities developed in 2010. Duratex has completed its GHG emission inventory since 2007 using data from the year 2000 as base, and the methodology used for the data collection complies with the GHG Protocol and IPCC.

The green IT projects developed by the Itaú Unibanco IT area to promote more efficient processes are guided by four pillars:

• The lifecycle of the products (and management of electronic waste);
• Energy efficiency;
• Green workplace;
• Green applications.

Through the actions undertaken with these objectives for the IT area, it is possible to promote the reduced use of resources and adequately manage the activities involving the bank operations. The bank understands that the improvement process for technology environments is a solution to be implemented over the long term, with continuous investments in research, the analysis of the results achieved and knowledge of the innovations currently availability in the market.

The control of emissions at the Itaúsa Conglomerate is defined by the nature of each business. The total Greenhouse Gas (GHG) emissions totaled 764,462 tons of CO2 in 2010. The increase with relation to the previous year is directly related to the increased scope of the inventory and quality of the collected data.


Direct and Indirect Greenhouse Gas Emissions 2010 2009 2008 2007(1)
Duratex S.A. (tons of CO2 equivalent)(2) 296,269 168,787 182,220 156,011
Elekeiroz S.A. (tons of CO2 equivalent)(3) 207,563 104,439 118,793 125,937
Itautec S.A. (tons of CO2 equivalent)(4) 157,218 - - -
Itaú Unibanco Holding S.A.(5) 103,412 90,522 129,362 -
Total Direct and Indirect Emissions 764,462 363,748 430,375 281,948
(1) The direct and indirect emissions for the year 2007 do not include Unibanco.
(2) Scope 1: Direct emissions; Scope 2: Electric energy acquired; Scope 3: Indirect emissions.
(3) Starting in 2010, the methodology and conversion values have been in line with the GHG Protocol and IPCC. Estimates of emissions using quantities of direct and indirect measured energy. Calculation log for the Várzea Paulista site: in order to calculate the direct energy, the evaluation uses the CO2 emission factor for Electricity supplied by MCT based on Brazil's National Energy Connection System: the average factor in 2009 of 0.0246 t CO2/Mwh. The calculation used the CO2 emission factor for natural gas supplied by the company Comgás of 1.8937 kg CO2/m3. The calculation used the CO2 emission factor for diesel oil based on the CETESB figure from 2009 of 3.11997 t CO2/t; consideration of the diesel oil density of 0.85 kg/L. Calculation log for the Camaçari site: The calculation used the CO2 emission factor for electricity supplied by the company Braskem of 0.269 t CO2/Mwh. The calculation used the emission factor for the production of the steam produced by Braskem of 7.493 E-5 t CO2/MJ. The CO2 emission factor was used for the mixture of liquid hydrocarbons supplied by ABIQUIM, of 2.57 t CO2/t; Waste oil density equal to 0.859 kg/L. Use of the calculation system supplied by Bahiagas for natural gas, Em= Ec. Ox. FE.3.67, where Em is the emission in tons of CO2; Ec is the calculated energy (EN4); Ox is the oxidation factor equal to 0.995; FE is the Carbon emission factor for Natural Gas of 15.30 t C/TJ and 3.67 is the transformation factor for C to CO2.
(4) Based on the characteristics of its operations, Itautec was waived from having to complete the CETESB atmospheric emission measurement process.
(5) Scope1: Company aerial fleet, company land fleet, generators, HFC and HCFC gas leaks, GLP stationary combustion and natural gas stationary combustion. Scope 2: administrative buildings and sales points. Scope 3: collective employee transportation, Garantech, cargo transportation, mail bag transportation, cash transportation, taxis, reimbursement for miles traveled, vehicle rental, fuel ticket, fuel reimbursement and airline travel.


An important highlight for Elekeiroz was the launch of the complete line of plant-based Sustainable Resins for the manufacturing of parts in composites. Commercially called "Biopoli," this new line employs raw materials made from renewable sources and reused thermoplastic resins, accordingly leading to savings of up to 20% of non-renewable resources such as oil, which is used in traditional polyester resins. The launch of this technology into the market will make it possible to develop different sustainable products for the automotive, civil construction, electro-electronic and nautical segments, among others.

Reflecting its concern with the natural resources used in production, Itaúsa, through its companies, has earned a name for the consumption of energy produced internally. This option guarantees operational efficiency and the reduction of costs with energy purchases. In 2010, the consumption of direct energy recorded at the Itaúsa Conglomerate companies reached 3,663,641 Gj, representing a 39.4% increase when compared to 2009.

Direct Energy Consumption (GJ) 2010 2009 2008 2007(1)
Duratex S.A.(2) 2,620,051 1,703,276 1,254,464 1,718,463
Elekeiroz S.A.(3) 939,427 835,369 872,405 968,555
Itautec S.A.(4) 42,181 39,245 40,580 40,590
Itaú Unibanco Holding S.A.(5) 61,981 49,682 80,040
Total Direct Energy Consumption 3,663,641 2,627,572 2,247,488 2,727,608
(1) Energy consumption in 2007 does not include Unibanco.
(2) Starting in 2010, Duratex began monitoring energy consumption at the Louças Recife, Ideal, Madeira Uberaba and Taquari units, as well as the DRI Resins factory and Minas Gerais and Rio Grande do Sul Forest units.
(3) For the Várzea Paulista and Camaçari sites, the following transformation factor was used: 1kwh= 0.0036 GJ. For the consumption of energy through steam at the Camaçari site and for calculation purposes, the evaluation used the vaporization enthalpy in the supply pressure, which corresponds to 16kg/cm2 abs= 1,933.1 KJ/Kg. The electric energy consumed at Várzea Paulista is supplied by the concessionaire CPFL, representing approximately 33% of the total energy consumed at this site. The energy consumed at the Camaçari site was entirely supplied by Braskem from the Camaçari Petrochemical Pole utilities center.
(4) All of the energy consumed by Itautec is electrical, acquired from the public service concessionaires.
(5) The energy consumption at Itaú Unibanco Holding S.A. includes the consumption by buildings, branches and the cars used to transport executives. The following numbers were considered for conversion: 1l=0.2641 gal; 1 gallon = 0.138 GJ (diesel); 0.125 GJ (gasoline). This information includes IBBA.


The indirect energy consumption totaled 12,142,487 Gj and the total amount consumed by the Itaúsa Conglomerate, considering the direct and indirect energies, was 15,806,127 Gj in 2010.

Indirect Energy Consumption (GJ) 2010 2009 2008 2007(1)
Duratex S.A. 8,697,230 5,260,046 6,766,681 14,948,987
Elekeiroz S.A. 1,293,238 894,908 1,128,325 1,165,346
Itautec S.A.(2) - - - -
Itaú Unibanco Holding S.A. 2,152,018 2,091,172 1,930,255 -
Total Indirect Consumption 12,142,487 8,246,126 9,825,262 16,114,333
(1) The data associated with indirect energy consumption at Itaú Unibanco in 2007 was not collected due to the fact that the higher number of energy suppliers made it impossible to collect this information.
(2) There is no use of indirect energy at the company units.




Learn more about the environmental
operations of each company by
accessing one of the following links:
www.itautec.com.br,
www.duratex.com.br,
www.elekeiroz.com.br or
www.itauunibanco.com.br.

At Itautec, after the Brazilian Norm NBR ISO 14001 certification of its Environmental Management Program in 2001, the company adopted a recycling process, initiated in 2003, that over the past three years sent more than 1,700 tons of electronic waste for recycling that returned to the production chain in the form of raw material.

During the first half of 2010, the company achieved a record: it recycled 336.9 tons of electronic waste, equivalent to approximately 40,000 pieces of equipment. It recycled a total of 750 tons of electronic waste during the year, a figure 40% higher than in 2009, when this total was of 527.7 tons.

The entire electronic production line, located at the company's Jundiaí site in São Paulo, was adjusted to guarantee that the equipment was produced in compliance with the European directive RoHS, which restricts the use of lead and other toxic substances in equipment production.

Itaú Unibanco has become a reference in environmental items by adopting policies at all its different levels of management. Since 2005, it created the Executive Committee and Social-Environmental Responsibility Commission. The committees' main objective is to define the Itaú Unibanco social-environmental responsibility policy and help align the bank's actions through risk analysis, opportunities and threats related to the topic.



Sustainability


The creation of committees, certifications and environmental preservation actions make sustainability part of the organizations' strategic and operational routine.


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