Ethics, Governance and Transparency
Dialogue, transparency and active player in the participation and conduction of sector topics and topics of global interest that encourage commitments and cooperation agreements for sustainable development. Ensure the highest standards of corporate governance, aiming at full integrity and robustness of the company’s internal controls and processes and the ethical, integral and transparent conduct of all our stakeholders.
Related indicators
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Operations assessed for risks related to corruption
Context:
Suzano assesses risks related to corruption for the company as a whole, and not by type of operation.
In 2020, the main risks identified were:
- Social and environmental investments and gift offerings not compliant with applicable policies
- Undue and/or incorrect interactions with Public Agents
- Ineffectiveness of the due diligence process
- Insufficient control mechanisms and/or absence of technologies, tools, and systems to manage and monitor those points that are sensitive to the risk of corruption identified in the Company
At Suzano, we have a team fully dedicated to Compliance as an integrated part of the company’s Risk Management. The goal is to enable the identification and mitigation of possible non-compliance risks in the various activities performed in the company, including the identified risks related to corruption – which is also included in the team’s goal.
Therefore, aiming to mitigate the risks identified, we have developed a system to control the acceptance and offer of gifts and presents in the company and to report meetings with Public Agents, already in place to be used by all our employees. We have also developed a risk scale to be used in the evaluations of the due diligence processes carried out in the company, we have strengthened control over the flow of donations/sponsorships—which now relies on the Compliance team’s own analysis of the flows—and we are improving the Background Check process by creating a new policy that enhances the supplier analysis system, allowing for a more conscious decision-making by the company. -
