Suzano joins global initiative to drive decarbonization of the world economy

The company joins the Business Ambition for 1.5°C initiative and the Science Based Target Initiative (SBTi)

Suzano, the world’s leading eucalyptus pulp and paper producer and a global benchmark in the manufacture of bioproducts developed from eucalyptus, announces that it has joined the ‘Business Ambition for 1.5°C’ campaign and the ‘Science Based Target Initiative’ (SBTi), a movement that seeks to promote the reduction of greenhouse gas emissions and resulting global transition to a low-carbon economy. By joining these initiatives, we also take part in the “Race to Zero” campaign, a coalition supported by the United Nations (UN) that brings together leaders committed to working towards a healthy, resilient recovery, with the objective of stimulating the decarbonization of the world economy.

Aligning with SBTi reinforces Suzano’s commitment to assume a leading position in global discussions on the effects of climate change, a generational issue that requires immediate and relevant action by the world’s leaders and the global population.

“It is fantastic to see Suzano joining the Race to Zero Campaign. They have shown true leadership in understanding how the forestry sector can contribute to our global effort of combatting climate change. We are proud to have Suzano as a partner that will engage with other companies and governments to achieve our unified 1.5C target”, says Gonzalo Muñoz, COP26 High-Level Climate Champions.

Suzano has already made voluntary commitments to reduce its emissions and expand its efforts to remove greenhouse gases from the atmosphere, which make up the “Commitments to Renew Life”, a set of 14 long-term public goals established by Suzano (that can be found on the website: https://centraldeindicadores.suzano.com.br/en/long-term-goals2/.)

In addition to these commitments, Suzano will establish goals aligned with the SBTI’s 1.5°C emission reduction target scenarios within a period of up to two years, as stipulated by the initiative. This effort will cover both their own emissions and value chain emissions.

The company will also engage with other actors in supporting SBTi to promote the improvement of methodologies related to the planted forest, pulp and paper sector and those that have already made good progress in their decarbonization journey.

“We are developing new products from planted trees that can replace materials derived from fossil fuel sources and our efforts are already contributing directly to the capture of carbon from the atmosphere. But we want to go further. By joining the Business Ambition for 1.5°C campaign, the SBTi and the “Race to Zero” campaigns, we will work to bring together more actors, whether from the private sector or the public sphere, to discuss and agree how we can move towards a low carbon economy”, says Walter Schalka, Chief Executive Officer of Suzano. The effects of climate change will be a central theme of discussions at COP26, the 26th United Nations Conference on Climate Change to be held in Glasgow, Scotland, in November.

Suzano is committed to further expanding its ambitions and the speed of its decarbonization journey, while promoting the removal of carbon from the atmosphere and contributing broadly to the global climate agenda. To this end, Suzano will continue to invest in modernization projects, focused on fuel efficiency, reductions in fossil fuel consumption, reductions in energy use, and use of renewable energy, amongst other initiatives