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.

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  • Precautionary Principle or Approach

    Context:

    Suzano believes that large organizations are driven by their own cultural dynamics and sustained by the employees that contribute to their processes and procedures. In this way, the company explores the three-line model of the Institute of Internal Auditors (IIA), through standards of conduct that have been developed and disseminated across the different business areas, aiming to identify and mitigate possible risks in its operations.

    The company has an Integrated Risk Management policy in place that applies to all areas, including environmental and social areas, which defines the criteria for identifying, analyzing, handling, and monitoring risks. The evaluation takes into account the internal context (which involves the organizational structure, processes, responsibilities, internal information systems, and relations with internal stakeholders) and the external context (which involves the analysis of the cultural, legal, social, political, financial, technological, and economic environment).

    All events, whether of internal or external, relating to the Company’s strategies and business objectives, must be mapped and monitored in order to ensure that any possible materialization of risk is already known and managed at an acceptable level. Risk assessment is a process that helps in the decision-making process, identifying those that are a priority and need treatment, and is conducted through a critical analysis performed by the business areas, considering the related stakeholders, the parameters of the impacts (Financial, Health and Safety, Environment, Social/Cultural, Image and Reputation, Organizational Climate, Legal) and the probability of occurrence (Very Likely, Likely, Possible, Remote.) It should be noted that the risks defined as priorities and their respective action plans are monitored by the Executive Board, Statutory Audit Committee and Board of Directors.

    Regarding environmental risk management, besides the Integrated Risk Management policy, the environmental teams follow the matrix of operational environmental aspects and impacts, through which the risks are monitored through specific processes that are annually audited. Internal audits are carried out by an internal team and/or by consulting firms retained by the company. External audits are conducted by national and international accredited certifiers and environmental compliance inspection agencies.