CENIBRA releases 2020 Sustainability Report and Financial Statements
New on-line versions of CENIBRA and its affiliated companies’ Sustainability Report and Financial Statements are available on the Company’s website. They present detailed information on CENIBRA’s corporate strategies aimed at sustainable development and the 2020 financial and equity position.
The Sustainability Report provides relevant information on the Company’s performance and management practices in the Economic, Social, Environmental, and Institutional Dimensions (Governance), from January 1 to December 31, 2020. CENIBRA’s operations are in line with the Sustainable Development Goals (SDGs), 17 global goals set out by the United Nations Organization (UNO) as a call for a more just and inclusive world.
In the Report, the Executive Management released a message to employees, the community, shareholders, and other stakeholders, in which the executive officers point out that, despite the difficulties imposed by the Covid-19 pandemic, CENIBRA achieved a historic milestone by the yearend: an output of 1,273,282 tons of pulp. Such an outstanding result stemmed from “a stable operating rate, the absence of a general maintenance stoppage, and everyone’s commitment and engagement to generate shared value “.
During the year, CENIBRA continued its investments in forestry yield enhancement, production process efficiency, and information technology resources to secure its managerial and production competitiveness.
Another 2020 priority in the Environmental, Social and Governance (ESG) area was the continuation of investment programs with a responsible approach with regard to the management of its operations’ environmental impacts, use of natural resources, and relationship with stakeholders, particularly communities within the Company’s areas of operation. Efforts to promote a culture of health and safety at the Company, employee’s personal and professional growth, and continuous improvement of working conditions have been enhanced as well.
“CENIBRA managed to overcome the hurdles of 2020, an outstanding year in so many aspects, and will surely be even stronger than before the COVID-19 pandemic. We will continue to join forces to keep CENIBRA growing and standing out in the Brazilian pulp & paper industry”, the executive officers pointed out.
The Executive Management explained in the Financial Statements report that the new economic scenario resulting from the pandemic had an impact on many economic sectors all over the globe, including the pulp market. “The rapid spread of the virus and the political responses all over the world have led to supply-and-demand imbalances. The pulp price was under pressure for most of 2020, with signs of improvement by the end of the year, in line with the global economic recovery”, the Management pointed out.
If you want to read both reports, please click on the links below: https://www.cenibra.com.br/annual-report/?lang=en for the sustainability report and https://www.cenibra.com.br/financial-statements/?lang=en for the financial statements.
Located in eastern Minas Gerais, Celulose Nipo-Brasileira S.A. (CENIBRA) is a privately-held company controlled by Japan Brazil Paper and Pulp Resources Development Co., Ltd. (JBP). The Company’s land totals 253,644 hectares, of which 121,840 hectares of eucalyptus plantation and 105,73 hectares of Legal reserves, permanent preservation areas, and native vegetation.
CENIBRA operates an industrial plant in Belo Oriente, state of Minas Gerais MG, comprising two bleached short-fiber eucalyptus pulp production lines with a total installed capacity of 1.2 million tons/year and three regional forest stewardship units, also in Minas Gerais (Guanhães, Nova Era, and Rio Doce). Moreover, it has a dedicated port terminal in Barra do Riacho (state of Espírito Santo), in which it holds a 49% interest, and a corporate and commercial office in Belo Horizonte, the state capital).
CENIBRA ships 98% of its production to foreign markets, mainly Asia, Europe, and North America.