Investor Presentaiton
About
This Report
Message
from the CEO
GRI 2-22
e
Eldorado
Brasi
antecipa
10
Building on our commitment to transparency since
our founding, we are pleased to present our ninth
Sustainability Report, marking a decade of activities.
GRI 2-2, 2-4
This is one of several annual reports on our opera-
tions during the period January 1 to December 31,
2022. The contents of this report have been pre-
pared in accordance with the 2021 Global Reporting
Initiative (GRI) Standards, a globally recognized fra-
mework for reporting on economic, environmental
and social impacts. The report also includes disclo-
sures from the Sustainability Accounting Standards
Board (SASB) standards. GRI 2-3
Eldorado Brasil is fully aligned with the Sustainable
Development Goals (SDGs), and this led us to join
radio
the United Nations Global Compact in 2020 and
to reaffirm this commitment year after year. We are
advancing initiatives in support of the Ten Principles
of the Global Compact, enabling progress on the
sustainability agenda, enhancing communication
with stakeholders, and improving our management
of economic, social, and environmental matters.
If you have any questions or feedback about the
Report, please write to:
[email protected] GRI 2-3
We hope you find the report
useful and informative.
In 2022 we celebrated our 10th anniversary as a
company, marking a decade of successive achieve-
ments in productivity, competitiveness, investment,
and environmental stewardship. These accomplish-
ments have been made possible by our dedicated
and highly skilled team of 5,312 employees, who
consistently innovate and harness cutting-edge
technology to produce world-class products while
upholding sustainable practices.
Looking back on a decade in which our production
has surpassed expectations for an 11-year period,
we are proud to have built an unrivaled reputation
as one of the most efficient pulp producers in the
global industry. We have accomplished this while
remaining steadfast in our values and our commit-
ment to upholding best ESG (Environmental, Social,
and Governance) practices. The mark of a company
that, while relatively young, is consistently delivering
on its business plan, with a forward-looking vision.
In 2022, with the mill operating 20% above capacity,
we produced 1.83 million metric tons of pulp, a
3.1% increase compared to the previous cycle. Net
revenue was R$ 7.5 billion and adjusted EBITDA was
R$ 4.6 billion in the year (up 24.5% and 30%, respec-
tively, on 2021).
Our growth and prosperity cascades across the
value chain. We positively impact thousands of
families by providing employment and income and
supporting the development of local communities
and suppliers in the areas where we operate, while
our exports have contributed to Brazil's growing
trade balance. Speaking of trade, in 2023 we expect
to complete our new pulp export terminal at the
Port of Santos (SP).
Looking back, we are thrilled to see how much we
have accomplished in a short amount of time, even
in the face of significant challenges. During the
worst of the COVID-19 pandemic, we maintained
our investments and not only retained our work-
force but hired more people, while lending support
to those in need.
In recent years, we have successfully achieved set
goals, built crucial logistics capabilities to expand
in the international market, and developed a
world-class presence in the market. We have paid
off debts, made acquisitions, and secured new con-
cessions and permits to expand our operations in
Brazil. Throughout this journey, we have consistently
renewed certifications that position us at the top of
our industry for quality.
The ethical principles and conduct that have
brought us here will continue to guide our actions
in the years to come. As a signatory of the United
Nations Global Compact (UNGC) and in line with
the Sustainable Development Goals (SDGs), the
well-being of people and the environment will
always be our priority. For Eldorado Brasil, business
only makes sense if it brings benefits to our team,
society, and our planet.
Carmine De Siervi Neto
CEO
Eldorado Brasil
4
Sustainability Report 2022
Foreword
The Eldorado
Way
Corporate
Governance
Planet
Stewardship
People
GRI Content
Index
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