Investment Case: Elea Digital
Piemonte Holding entered the digital infrastructure market when it founded Elea Digital, group’s data center platform in 2018.
The long-term investment aims to create an ecosystem of edge data centers with national geographic coverage, aiming at strengthening and transforming the country’s digital infrastructure.
In 2021, Piemonte completed the purchase of five data centers from Oi in one of the largest judicial recovery processes in Brazilian history. The five data centers that became part of Elea Digital are located in Porto Alegre, Curitiba, São Paulo and Brasília, the latter with two units. Also in 2021, Elea Digital purchased the Grupo Globo data center, located in Rio de Janeiro.
For the coming years, Piemonte aims to maintain the same volume of capital allocation, betting on the increase in demand for connectivity.
Piemonte is committed to sustainability and always promotes initiatives that address ESG (Environmental, Social and Governance) guidelines, that is, that address environmental impacts, social inclusion and the structuring of a corporate governance culture that values integrity and compliance as intrinsic values to the organization.
We understand the urgency and importance of these topics, reinforcing our responsibility and commitment to the market in which we operate, our customers, employees, investors and stakeholders in a more comprehensive way.
All Piemonte companies, projects, customers and employees go through a specific and rigorous list of compliance requirements. These requirements reflect regulatory standards, anti-corruption legislation and best practices in Brazil and worldwide.
The main laws to which we are subject are:
- FCPA (Foreign Corrupt Practices Act)
- FATCA (Foreign Account Tax Compliance Act)
- FATF (Financial Action Task Force)
- GAFI (International Financial Action Group)
- Law 12.846 (Brazil's Clean Company Act)
- Law 9.613 (Brazil's Anti-Money Laundering Law)
- Central Bank of Brazil
- SEC NY
- SEC Bahamas
Code of Conduct
The Code of Conduct is the expression of the beliefs, values, principles and commitments of the group’s companies, therefore, following it is a fundamental condition to be part of this team.
The document is designed to provide a baseline for application and commitments.
Therefore, everyone should know it and, as the case may be, seek guidance when in doubt, since it is everyone’s responsibility to act correctly.
The signing of the Term of Commitment of this instrument demonstrates the agreement with these good principles and their application of respect for others.
Ethics & Compliance
The Piemonte Group cultivates ethical, truthful and transparent relationships on all fronts, whether with governments, society, customers, shareholders, employees, service providers, suppliers and all other players in the economy.
It is our responsibility to ensure the construction of an ethical and collaborative work environment.
We hope that everyone can establish, in the work environment, including through virtual means, professional relationships based on mutual respect, trust, loyalty, collaboration and team spirit. This is how we believe to achieve the results we want.
In this sense, we reinforce our commitments to the best governance and compliance practices, recognizing that our image and our value in the market are the result of a lot of effort and dedication.