Klabin Reportedly Supports Sustainable Practices in New Iissue of Green Bonds Abroad

 

Sustainability is, as the company described in a relase this week, "in Klabin’s (Brazil) DNA,"and to sustain its investments in these practices, the company recently (September 2017) raised funds in the international market through its first issue of green bonds amounting to around R$ 1.6 billion, maturing in 10 years. The company, which pioneered the adoption of sustainable practices, is a benchmark in sustainable development and its issue received the "High Standard" rating from consulting firm Sustainalytics. The offering drew significant investor interest, with demand exceeding the offer of green bonds sevenfold.

Sustainability governance at Klabin is strongly structured and functions on four key pillars: Sustainability Committee; Sustainability Commission; Sustainability and Communication Department; and a working group on impacts of climate change, all with the mission to raise the level of transparency across the company and structure its actions.

Klabin has been continually featured in the Carbon Disclosure Project (CDP), an international organization that analyzes companies’ efforts to minimize and manage the environmental impacts of their operations. In 2016, it was elected "Sustainable Company of the Year" and the most sustainable company in the paper and pulp sector by Guia Exame de Sustentabilidade. Moreover, since 2014, it has been included in the portfolios of the Corporate Sustainability Index (ISE) and Carbon Efficient Index (ICO2) of the São Paulo Stock Exchange (BM&FBovespa).

The issue of green bonds strengthens initiatives under Klabin’s sustainable strategic planning and is in synergy with the company’s Vision and commitments to its Sustainability Policy.