NY-SUZANO
19.5.2022 09:04:10 CEST | Business Wire | Press release
Suzano, one of the world’s largest integrated pulp and paper producers, announces the publication of its 2021 Annual Report and the launch of a revitalized Sustainability Center.
Despite the pandemic impacting daily lives and work routines, Suzano was able to deliver the strongest financial results in its history and make significant progress on strategically important developments for the business. Furthermore, 2021 has represented a landmark year for Suzano towards achieving its 15 long-term 2030 sustainability goals, known as the Commitments to Renewing Life .
Key highlights across the year include:
Record financial performance
- Net sales increase of 34%
- Adjusted EBITDA increase of 57%
- Net Income of R$ 8.6bn
- Combined successful issue of US$ 1.5bn of sustainability-linked bonds
Landmark developments
- Launched the Cerrado Project, the largest single line pulp mill in the world, which will be fully operational in 2024
- Established a joint venture with Spinnova to exclusively produce 100% renewable textiles from pulp
Progress towards sustainability targets
- Accelerated the commitment to remove 40 million tonnes of CO2 from the atmosphere from 2030 to 2025
- Committed to connecting 500,000 hectares for biodiversity conservation by 2030
“Suzano is proud to celebrate a year of excellent performance in 2021. We believe that successful companies are those which can find convergence between efficiency, sustainability and transformation,” said Walter Schalka, CEO of Suzano.
He added, “We know that our planted trees and the preservation of native forests can both be part of the solution to the climate crisis. We also want to support the growing trend for biobased materials to replace non-renewable resources. To this end, we will develop and bring to market new products that are sustainable by design, at the same time as offering high levels of performance and competitiveness.”
The 2021 Annual Report is prepared in accordance with international best practice integrated sustainability reporting standards, including GRI, SASB and TCFD. The content was externally assured by Bureau Veritas. It has also been reviewed by Gonzalo Muñoz, Chile’s UN High Level Climate Champion for COP25, and Andreia Coutinho, a leading racial, social and climate justice expert within Brazil. This report can be accessed here: https://www.suzano.com.br/en/r2021/
Detailed information on progress against environmental and social targets can be found within Suzano’s Sustainability Center: http://centraldesustentabilidade.suzano.com.br/en/ .
View source version on businesswire.com: https://www.businesswire.com/news/home/20220519005248/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Rising Global Bullion Market Risks Are Forcing European Investors to Rethink Physical Gold Access3.2.2026 10:35:00 CET | Press release
As volatility reshapes global financial markets, European institutional investors are turning to safe-haven assets. While physical gold remains one of the world's most resilient and attractive store-of-value assets, secure and verifiable access to bullion has become increasingly difficult. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203826775/en/ Illustrative image of physical gold bullion bars. (Photo: AETOSWire) Recent industry developments have placed structural pressure on the gold market. Elevated price levels have heightened concerns around counterfeit bars, fragmented supply chains, and the complexity of cross-border custody. For European institutions operating under strict regulatory oversight, the challenge is no longer whether to allocate to gold — but how to do so safely, transparently, and within established compliance frameworks. To this end, Golden Ark Reserve, operated by Golden Ark General Trading (FZC)
Hyper-Personalization at Scale: Why Brands Must Shift to an Agentic AI Strategy3.2.2026 10:00:00 CET | Press release
As Infobip celebrates 20 years of customer communication innovation, the AI-first company envisions the future of agentic AI Global AI-first cloud communications platform Infobip, celebrating two decades of innovation, predicts an imminent and seismic shift in brand-consumer engagement. Moving away from the current application-to-person (A2P) messaging, Infobip forecasts a widespread shift to an agent-to-person model, eventually leading to a fully autonomous agent-to-agent future by 2030. The Evolution of Engagement Swift AI adoption is driving enterprises toward agentic AI communication models, which drive autonomous customer communications across all touchpoints. This technology enables hyper-personalization across multiple channels, creating highly engaging content tailored to individual needs. Silvio Kutić, Infobip CEO, comments: “How we communicate with brands is constantly evolving. In this new agentic AI world, brands must seize the opportunity to take a holistic approach to com
Corona Cero Unveils Global Roster of Athlete Ambassadors to Champion TIME CERO at Milano Cortina 20263.2.2026 09:00:00 CET | Press release
A First-of-Its-Kind Initiative, In Partnership with International Olympics Committee (IOC), TIME CERO Empowers Athletes to Unwind, Recharge, and Celebrate the Moment Corona Cero Invites Fans to Celebrate Together in Italy with Corona Hotel, Casa Corona, and Other Immersive Activities Corona Cero today unveiled its global roster of brand ambassadors who will champion TIME CERO, the brand’s new initiative created in partnership with the IOC and Athlete365, throughout the Olympic Winter Games. Together, Team Corona Cero will bring the brand’s “For Every Golden Moment” global platform to life, reminding people that meaningful golden moments can happen anytime, anywhere, or in any season. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260203205858/en/ Team Corona Cero Central to Corona Cero’s commitment as a Worldwide Olympic Partner, TIME CERO is designed to celebrate Olympians and help them relax, stay present, and embrace bala
Generali Deutschland AG Selects Clearwater Analytics to Modernize and Scale Investment Operations Unit-Linked Fund Business3.2.2026 09:00:00 CET | Press release
Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, announced today that Generali Deutschland AG has selected CWAN’s investment management platform for its €40 billion unit-linked fund (ULF) life insurance business, unifying processes across four subsidiaries and preparing the group for accelerated growth in one of Europe’s fastest-expanding sectors. The partnership reflects a strategic move ahead of unprecedented market expansion. The global unit-linked insurance market reached $906.9 billion in 2023 and is projected to grow at 10.9% annually through 2032, reaching $2.3 trillion, according to Allied Market Research. This growth trajectory is creating competitive separation between insurers capable of scaling operations and those constrained by fragmented systems across multiple European jurisdictions. Under a multi-year agreement, Generali Deutschland will consolidate portfolio management, order execution, and reconciliation on CWAN
Ares Completes Acquisition of BlueCove to Launch Systematic Credit Strategy3.2.2026 09:00:00 CET | Press release
Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that it has completed its acquisition of all outstanding shares of BlueCove Limited (“BlueCove”), a London-based systematic fixed-income manager. The integrated BlueCove business will operate as Ares Systematic Credit, the latest strategy within the Ares Credit Group. Ares Systematic Credit offers systematic fixed-income strategies that harness the power of data and technology to deliver differentiated solutions to investors. The strategy leverages proprietary technology to support an evidence-based and data-driven investment process across high-yield, investment grade corporates, convertible bonds, and other liquid credit instruments in a variety of portfolio constructions. These methods seek to systematically access, select, analyze and deploy information to capitalize on market inefficiencies and generate high-quality alpha. Led by Alex Khein, most recently CEO of Blue
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom