Source: MEGAWHAT by Poliana Souto – 11/14/2024.
The company’s net profit was R$ 37.1 million, nearly 21 times higher than the R$ 1.8 million in the same period of the previous year.
Orizon views regulatory agenda advancements as a means to guide its operational scope, contributing to organic growth. According to the company’s CEO, Milton Pilão, progress in the regulated carbon credit market, approved by the Senate, and the enactment of the Future Fuel Law are key elements of the company’s strategy, which undertook several acquisitions and partnerships in the last quarter.
During the presentation of the third-quarter results, Pilão and Leonardo Santos, the company’s CFO, highlighted that the possible approval of the regulated Brazilian carbon credit market could lead to the maturation of the legal framework for their activities.
Additionally, the executives anticipate that the creation of an international carbon market, discussed during the 29th United Nations Climate Conference (COP29), will help the company sell credits to various entities and other countries, which “will positively impact activities, whether in demand and/or price.”
