Klabin Green Bond Sustainalytics Com-Books Pdf

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Sustainalytics 2017,TABLE OF CONTENTS,1 Preface 3,2 Overview of the Issuer 3. 3 Framework Overview 4,3 1 Use of Proceeds 4,3 2 Project Evaluation and Selection Process 11. 3 3 Management of Proceeds 12,3 4 Reporting 12,4 Sustainalytics Opinion 14. Section 1 Sustainability Performance of the Issuer 14. Section 2 Impact of Use of Proceeds 16,Conclusion 18. Appendix 1 19,Sustainalytics 25,Sustainalytics 2017.
Klabin S A a Brazilian pulp paper and packaging company active in the global forest products and FSC. certified packaging market intends to issue a Green Bond to finance projects and activities that will. improve its environmental performance Klabin engaged Sustainalytics to provide a second party. opinion on its Green Bond Framework Sustainalytics opinion intends to provide an assessment of the. Green Bond Framework s alignment with the Green Bond Principles 20171 GBP as well as assess. Klabin s overall sustainability performance and its alignment with the framework. As part of this engagement Sustainalytics held conversations with Klabin s treasury legal and. sustainability teams to understand the use of proceeds process for project evaluation and selection. management of proceeds and reporting aspects of Klabin s Green Bond as well as the company s. sustainability strategy Sustainalytics also reviewed relevant public and internal documents from Klabin. Following this engagement some elements of the Green Bond Framework were clarified to ensure an. alignment with the level of disclosure expected by the GBP This document contains two sections. Framework Overview a summary of Klabin s Green Bond framework and Sustainalytics Opinion an. opinion on that framework,2 OVERVIEW OF THE ISSUER. Klabin is a pulp paper and packaging company with more than 229 thousand hectares of forest. plantations in Brazil and more than 214 thousand hectares of native forests that have been set aside for. environmental conservation The company has an annual production capacity of 3 5 million tons with. 18 industrial units 17 in eight Brazilian states and 1 in Argentina Klabin is Brazil s largest paper. producer and exporter the leading manufacturer of paper and board for packaging corrugated board. packaging and industrial bags and also markets timber in logs It is also the only Brazilian company to. simultaneously supply hardwood pulp eucalyptus softwood pulp pine and fluff pulp to the market. Klabin s long term business strategies are based on operational and energy efficiency responsible. management of resources and commitments to the environment and its stakeholders Klabin pioneered. responsible forest management and was the first company in the pulp and paper industry in the. Southern Hemisphere to receive FSC certification Forest Stewardship Council for its forest areas in. 1998 and the first in the world to have non timber forest products certified Klabin s FSC certificate. covers the chain of custody of industrial sacks paperboard and kraft paper in all its operational units. In line with its commitment Klabin is issuing Green Bonds to advance environmental sustainability. across the company s global business divisions and operations. The Green Bond Principles are voluntary guidelines that recommend transparency and disclosure and promote integrity in the. development of the Green Bond market They provide issuers guidance on the key components involved in launching a. credible Green Bond and aid investors by ensuring availability of information necessary to evaluate the environmental impact. of their Green bond investments,Sustainalytics 2017. 3 FRAMEWORK OVERVIEW, The following section summarizes Klabin Green Bond Framework which follows the four key pillars of. the GBP including the use of proceeds project evaluation and selection process management of. proceeds and reporting,3 1 Use of Proceeds, An amount equal to the net proceeds of the Green Bond will be allocated to projects that meet the. eligibility criteria specified below including, i existing projects financed during the two years preceding the issue date of the Green Bond.
ii projects committed to prior to the issue date of the Green Bond but financed following the. issue date of the Green Bond and, iii projects committed to and financed after the issue date but before the maturity date of the. Green Bond,3 1 1 Eligibility Criteria, To be eligible for the Green Bond proceeds the projects funded must meet one or more of the following. business activity criteria, 1 Sustainable Forest Management 6 Waste Management. 2 Restoration of Native Forests and 7 Sustainable Water Management. Conservation of Biodiversity 8 Eco Efficient and Circular Economy. 3 Renewable Energy Adapted Products Production,4 Clean Transportation Technologies and Processes. 5 Energy Efficiency 9 Climate Change Adaptation,1 S USTAINABLE F OREST M ANAGEMENT.
Use of proceeds Proceeds of the Green Bond will be allocated to capital and operating expenses. required for activities necessary to sustainably manage eucalyptus and pine forest plantations that are. certified by FSC This includes, i New planting and replanting activities in owned and third parties areas such as. a Production and acquisition of eucalyptus and pine seedlings. b Preparation of soil for the plantation of seedlings including subsoiling and harrowing. c Planting of seedlings, d Protection and maintenance of planted seedlings up until harvest. Sustainalytics 2017, Context Klabin s forestry assets are the basis of company s growth strategy The company s products. are from the pine and eucalyptus forests and it is with them that the company has been advancing in. new markets such as pulp Klabin s goals for its forestry operations set long term commitments in. regards to achieving maximum productivity while protecting biodiversity and natural resources and. building stronger relationships with communities, All of Klabin s forest stewardship units are certified by FSC totaling the scope of 425 519 93 hectares. Klabin develops its forest management using the mosaic concept plantations are interspersed with. areas of native forests preserved areas of the Brazilian Atlantic Forest to create ecological corridors. that preserve the local fauna and flora, ii FSC Forest Certification Program for Small and Medium sized Rural Producers such as.
a Activities and services required to assess practices and implement appropriate. measures in small and medium sized rural producers planted areas for FSC. certification, Context To ensure that good management practices and a commitment to sustainable development. are extended through the timber supply chain since 2013 Klabin has maintained the Forest Certification. Program for Small and Medium sized Rural Producers in the region of Campos Gerais Paran aimed at. the producers that are part of the Forest Development Program and to independent producers. Certification is a statement that the timber producer operates with social and environmental. responsibility and follows the worldwide standards of forest management As of December 2016 more. than 25 000 hectares had been certified and almost 7 000 hectares of degraded land have been. environmentally restored in partner producer areas. 2 R ESTORATION OF N ATIVE F ORESTS AND C ONSERVATION OF B IODIVERSITY. Use of Proceeds Proceeds of the Green Bond will be allocated to capital and operating expenses. required for activities that maintain existing strict conservation areas or that develop new strict. conservation areas This includes, i Restoration and conservation of native forest cover in degraded land and biodiversity such. a Current activities and services required to restore and protect Klabin s native forests. Permanent Preservation Areas Legal Reserves and Natural Heritage Private Reserves. b Acquisition of native Brazilian seedlings, c Labor costs associated with planting native Brazilian seedlings pest management. construction of fences as required, d Labor and capital costs associated with creating ecological corridors and mosaics in non. native plantations so they can serve as wildlife and flora habitat conservation. e Costs of legalization and environmental licensing costs related to developing new. conservation areas on owned and leased lands,Sustainalytics 2017.
f Specialized facilities and services to study and monitor the restored area. g Wildlife crossings underpasses and barrier fences. Context Klabin is a pioneer in the adoption of mosaic forest management which mixes planted forests. and preserved native forests Ecological corridors allow the transit of animals in large areas contributing. to the preservation of fauna and flora and the conservation of water resources The company is. developing a broad program of research and conservation of fauna and flora promoting the monitoring. of biodiversity in its forests and helping to ensure the survival of endangered species such as the Pygmy. brocket howler monkey and puma Of the total area managed by Klabin approximately 43 215. thousand hectares corresponds to preservation areas divided between Permanent Preservation Areas. Legal Reserves and Natural Heritage Private Reserves. Klabin owns two Natural Heritage Private Reserves in areas totaling almost 9 000 hectares dedicated. exclusively to scientific research the protection of local biodiversity and water resources as well as. providing the seeds of forest species for the restoration of degraded areas. ii Klabin s Good Woods Program Programa Matas Legais which includes. a Current activities and services required for training the third party timber producers. b Specialized services in studying and sustainably planning the third party areas. cultivation and management, Context Klabin engages with its wood partner suppliers through the company s Good Woods Program. in order to improve the environmental condition of their property and guide them towards the. compliance of the Brazilian Forest Code which focuses on environmental protection issues Through. technical guidance and the donation of seedlings from native plants the activities performed by the. program foster the recovery of native forests including riparian forests responsible forestry. management organic agriculture ecotourism and conservation of natural heritage. iii Conservation of fauna through Klabin s Ecological Park which includes. a Specialized facilities and services in studying and monitoring the behavior of species and. b Labor costs associated with maintaining the staff exclusively dedicated to the care and. accommodation of animals including a biologist and a veterinarian. c Costs and investments related to animals treatments and accommodation. Context Klabin s Ecological Park dedicates its activities to the conservation and study of the behavior of. endangered species of fauna promoting their reproduction and their reintroduction into the. environment according to the norms of environmental agencies Additionally it houses and treats. animals at risk that are unable to return to the wild e g animals struck by cars on local roads About. 200 specimens of 50 species live in the park s nursery The park is on 11 000 hectares of land of which. almost 7 000 are native forests The whole area is an Area of High Conservation Value AHCV which. means that it has a significant concentration of biodiversity and rare ecosystems that are endangered or. threatened with extinction The preservation of these species results in maintaining both plant and. animal biodiversity,Sustainalytics 2017,3 R ENEWABLE E NERGY. Use of Proceeds Proceeds of the Green Bond may be allocated to capital and operating expenses. required for the development construction installation operation and upgrade of facilities that. reduces greenhouse gas emissions GHG through the substitution of fossil fuels with renewable sources. and increases energy efficiency This includes, i Projects and equipment that promote substitution of fossil fuels with renewable sources in. industrial operations such as,a Biomass Recovery Boilers and related facilities. b Consolidation of electrical systems to export excess energy into the public grid. c Optimization projects in Klabin s plants, Context The switch from fossil fuels to biomass as an energy source has been the focus of Klabin s.
environmental management for some years Currently 86 of the energy matrix is composed of. renewable energy sources biomass black liquor and hydraulic The goal for 2020 is to achieve 88 of. the energy matrix composed of renewables With the increased use of renewable fuel in its energy. matrix the company is contributing to a reduction in greenhouse gas GHG emissions The company. presents its results through the Emissions Inventory prepared according to the methodology of the. Brazilian GHG Protocol Program a world recognized standard with 2010 as the base year for. calculations,4 C LEAN T RANSPORTATION, Use of Proceeds Proceeds of the Green Bond may be allocated to capital and operating expenses. required for the construction maintenance and operation of clean transport infrastructure that. transports pulp from Klabin s facilities, i Activities related to the clean transportation infrastructure dedicated exclusively for the. transportation of pulp such as, a Acquisition of locomotives and train wagons in order to replace the usage of trucks. b Railway extensions from main railway lines to Klabin s facilities. www sustainalytics com KLABIN GREEN BOND FRAMEWORK OVERVIEW AND SECOND PARTY OPINION BY SUSTAINALYTICS August 30 2017 Ankita Shukla Toronto

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