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.
Klabin has been, for three years, prominently featured in the Carbon Disclosure Project (CDP), an international organization that analyzes companies' efforts to minimize and manage the environmental impacts of their operations. In 2016, it was elected "Sustainable Company of the Year" and the most sustainable company in the paper and pulp sector by Guia Exame de Sustentabilidade. Moreover, since 2014, it has been included in the portfolios of the Corporate Sustainability Index (ISE) and Carbon Efficient Index (ICO2) of the São Paulo Stock Exchange (BM&FBovespa).
The issue of green bonds strengthens initiatives under Klabin's sustainable strategic planning and is in synergy with the company’s Vision and commitments to its Sustainability Policy.
More information about Klabin's projects that were selected in each category available for Green Bonds can be obtained from the Sustainalytics report: http://www.sustainalytics.com/wp-content/uploads/2017/09/Klabin-Green-Bond-Framework-and-Opinion-08302017_FINAL.pdf. Updates on the allocation of funds will be made annually on Klabin's Investor Relations website: http://ri.klabin.com.br/
The Notes have not been and will not be registered under the Securities Act, or any state securities laws, and they may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act. This notice does not constitute an offer to sell the Notes or the solicitation of an offer to buy the securities. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from Klabin and that will contain detailed information about the company and management, as well as financial statements.
Klabin is the largest producer and exporter of paper for packaging in Brazil, the only company in the country to offer a one-stop solution in hardwood, softwood and fluff pulp, and the leader in corrugated board packaging and industrial bags markets. Founded in 1899, it has 17 industrial units in Brazil and one in Argentina.
With its entire management guided by sustainable development, Klabin pursues integrated and responsible growth that combines profitability, social development and environmental commitment. Klabin has been a component of the Corporate Sustainability Index (ISE) of the São Paulo Stock Exchange (BM&FBovespa) since 2014. It is also a signatory to the United Nations Global Compact and the Brazilian Pact to Eradicate Slave Labor, and seeks suppliers and business partners that share its values of ethics, transparency and respect for the principles of sustainability.
Learn more at www.klabin.com.br