Suzano records a landmark 2021 with publication of Annual Report
Suzano announces the publication of its 2021 Annual Report and a revitalized Sustainability Center that showcases over 450 KPIs. In 2021, despite pandemic challenges, Suzano achieved record financial performance with a 34% increase in net sales and a 57% rise in adjusted EBITDA. The company reported a net income of
- Record financial results with net sales up 34%.
- Adjusted EBITDA increased by 57%.
- Net income reached R$ 8.6 billion.
- Successfully issued US$ 1.5 billion in sustainability-linked bonds.
- Cerrado Project expected to be operational in 2024.
- None.
Suzano also launches a revitalized Sustainability Center disclosing over 450 KPIs
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 $ 8.6b n -
Combined successful issue of
US of sustainability-linked bonds$ 1.5b n
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
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
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/
suzano@hawthornadvisors.com
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