Aline Conceição dos Santos, Nursery Assistant, Mucuri Unit (Bahia state). Photo: Márcio Schimming

The Annual Report 2020 contains Suzano’s main financial, social, environmental, and governance results, as well as the company’s obstacles, challenges, and learning experiences during this complex year for the world. It was prepared following the Global Reporting Initiative GRI Standards: Core option, the reporting methodology adopted since our first annual report. The company is also inspired by the principles of the International Integrated Reporting Council (IIRC), which promotes the communication of value generation, with a focus and conciseness, as well as a balance between the positive and negative aspects of the report. The document is also organized following the Sustainable Development Goals (SDG)—17 global goals established by the United Nations (UN) in 2015.

The content of the report was defined considering the most relevant topics for the business and our stakeholders, in line with the commitments assumed by Suzano until 2030. Constantly evolving, our report looks to reflect the way the company impacts and is impacted by its initiatives and by its relationship with the various stakeholders. Increasingly, companies are recognized for values that go far beyond financial aspects. A reflection on this can be found in Section 3 of this document. In a letter signed by the Executive Directors responsible for the Sustainability and Finance and Investor Relations areas, we show how Suzano is positioned—and how it has been working strategically for many years—in relation to the concept of stakeholder value and sustainability issues, which are becoming increasingly important.

Based on this assumption and inspired by our purpose—renewing life inspired by trees—we understand that, more than showing our activities and performance in 2020, we need to show our transformation capacity within the business environment of which we are a part. We want to lead the development of solutions to build a more fair and sustainable society and, to this end, we discuss these issues in the sections according to their relevance and the impacts generated for a specific audience: employee, customer, supplier, investor, government, and civil society and community. Topics that affect more than one stakeholder are dealt cross-sectionally and may appear in more than one section from the perspective of the audience in question. Resources such as links and “learn more” are used to guide reading, facilitating an integrated approach to the information. The material topics and SDGs are highlighted throughout the text and are also related to the topics of each section.

Suzano’s materiality is the result of navigating relevant topics for the business from the standpoint of our stakeholders. These topics were identified in 2019, during an extensive active listening process involving all of our stakeholders. The result of this work guided the development of our sustainability strategy and the structure of this report.

GRI information is related to the respective content throughout the sections and organized in our Indicators Center, a digital platform in which data are disclosed in accordance with their relation to material topics, SDGs, GRI disclosures, recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD)¹, and new this year, in accordance with the disclosure standards of the Sustainability Accounting Standards Board (SASB)² and recommendations of the World Economic Forum (WEF). Some of the information provided on the platform also meets some of the main ESG indexes and ratings, such as Sustainalytics, MSCI Index, Dow Jones Sustainability Index (DJSI), Corporate Sustainability Index (ISE), and Carbon Disclosure Project (CDP).

In this version³, available in a microsite and in pdf for download, we also present an infographic containing our value generation model, which summarizes the main information from 2020 in an informative and convenient format.

The content of this publication was submitted for analysis by external readers, invited by the company to express impartial opinions on the quality and transparency of the information. The document was also independently assured by Bureau Veritas.

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1 Initiative that deals with the availability and quality of financial information related to climate change, formally supported by the company.

2 SASB disclosure standards allow companies to identify, manage, and communicate sustainability data in a standardized, comparable, and specific manner for each type of industry and sector, facilitating communication between companies and investors about relevant financial information for decision making.

3 With the exception of financial data, installed capacity, total number of mills and energy export data, the other indicators provided throughout this material do not include information on Veracel’s operations.