Yesterday, the Valor Econômico Brazil Innovation Awards named Embraer the Most Innovative Company in Brazil. The fully remote event awarded the nomination on Wednesday night, making it the fifth time Embraer wins the Most Innovative Company award. The Valor Econômico Brazil Innovation Awards are organized by the newspaper Valor Econômico, the leading daily newspaper in Brazil, and supported by Strategy & Consulting – a PwC consultancy with more than 100 years of experience.
The awards assess the innovation practices of companies operating in Brazil. The ranking is based on five pillars: intention to innovate, effort to carry out innovation, results obtained, market assessment, and knowledge generation. The objective is to analyze how each of these pillars are embedded in the participating companies and distinguish the truly innovative companies from those that only follow the technological trends.
The survey has a custom build model, developed specifically for the Brazilian environment, and based on qualitative and quantitative indicators, that identifies companies that adopt the best innovation management, achieved their investments in the market, and achieved results. The survey also assesses companies by sector in the economy. Based on comparisons and analysis, sector-based rankings are drawn up. The groups are created after analyzing the five innovation criteria mentioned above, which illustrate the type of innovation common to each sector.
“It is a great pleasure to be recognized once again as the most innovative company in the country! As a five-time titleholder, it clearly demonstrates we are on the right path in our transformation process. Our focus on sustained growth and value creation will lead to continuous investments in innovative businesses. I dedicate this award to all of our 18,000 employees around the world, who overcome challenges every day, with great skill, focus, and energy,” says Francisco Gomes Neto, Embraer’s CEO.
Embraer’s role in the innovation ecosystem is global and collaborative. In 2020, 43% of its revenue came from innovations that took place in the last five years. This illustrates the importance of having uninterrupted investment in innovation for the future and long-term competitiveness of the company.
“Embraer is the result of the long-term view taken by visionaries who in the 1940s believed that Brazil could build its own aircraft. Their innovative and entrepreneurial spirit focused on generating and promoting knowledge,” adds Francisco Gomes Neto, Embraer’s CEO.
