Vamos Locação S.A. (“Vamos”, the “Client” or the “Company”)
Category B projects have potential environmental and/or social impacts and risks that are less adverse than those of a Category A and which are generally limited to the project site, largely reversible and can be mitigated via measures that are readily available and feasible to implement in the context of the operation.
Projected date at which a project will be put forward for the Board of Executive Directors’ approval.
Projected board date
USD $ 10,000,000
USD $ 20,000,000
Project scope and objective
JSL, Vamos and CSB are Brazilian companies controlled by the SIMPAR Group, (“SIMPAR”, or the “Group”). SIMPAR controls and manages six independent companies that provide value-added rental, logistics, mobility and financial services, focused on long-term contracts. Overall, the companies that are part of SIMPAR buy, rent, maintain, finance, operate and sell vehicles and equipment. JSL is the leader in road logistics services in Brazil; Vamos s is the leader of rental and sale of trucks, machinery, and equipment in Brazil; and CSB focuses on providing long term services to public companies, including passenger transportation, waste disposal, road and port terminal concessions.
The proposed operation for Vamos (the “Project”) aims at supporting the Client efforts to reduce Greenhouse Gas emissions (“GHG”) in its operations. Transaction objectives include: (i) increase the participation of electric, hybrid and/or biofuel heavy vehicles in its fleet; and (ii) innovation projects to optimize its operational process and integrating systems through the inclusion of technologies and programs to reduce the overall carbon footprint of its operations.
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