Sustainability is in Klabin's 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. Click Read More below for additional detail.
On this International Days of Forests, the Forest Products Association of Canada (FPAC) is pleased to note that as a supplier of forest products, Canada comes out as number one in the world in terms of environmental practices and reputation among international customers.
A study undertaken late in 2015 by Leger the Research Intelligence Group asked international buyers of wood, pulp and paper in the United States, Europe and Asia about their perceptions of forest products and environmental issues. (fpac.ca/leger) The results are comparable to a similar survey done by Leger two years ago.
“Once again the Canadian forest products industry is getting top marks when it comes to our environmental credentials,” says Derek Nighbor, the CEO of FPAC. “Our sector has worked hard to reduce our environmental footprint and we are committed to continual improvement. This survey shows international customers feel confident when they source forest products from Canada.”
The customers surveyed said they appreciate Canadian forest products because of their quality and sustainability, with the most positively perceived attributes related to assurance of legality and forest management practices.
The majority of purchasers also said that forest certifications are important when it comes to choosing forest products. Canada is a world leader in forest certification – an independent assessment that forest companies follow progressive environmental and social forest management practices. In 2015, Canada had 166 million hectares of certified forests, about 40% of the world total or almost four times more than any other country.