Climate change is a significant global challenge and poses risks and opportunities that are relevant to Suzano’s performance.
1. Climate Change
Climate change is a major global challenge. Our planet has been registering sharp increases in temperature, mainly due to anthropic actions that promote the emission of greenhouse gases (GHG), as pointed out by the Intergovernmental Panel on Climate Change (IPCC). This increase in the average global temperature has a series of effects, such as greater frequency and severity of extreme weather events, changes in rainfall patterns, and rising sea level, which, in turn, affect natural ecosystems, human communities, and the execution of economic activities.
In view of this scenario, governments, within the United Nations Framework Convention on Climate Change (UNFCCC), recognized through the Paris Agreement the urgent need to adopt measures to mitigate climate change and adapt to its effects. This agenda is being adopted by the private sector, civil society, and subnational governments to contribute and even surpass the ambitions defined in the nationally determined contributions to limit temperature increase to 1.5ºC in relation to pre-industrial levels.
The Sustainable Development Goals (SDGs), defined in 2015, also recognize challenges and set global goals to combat climate change and issues directly related to climate, such as sustainable consumption and production, availability of drinking water, clean energy generation, and preservation of earth’s ecosystems.
In addition to the need to focus on mitigation and adaptation to climate change, the private sector advances its understanding of how these issues are already affecting its economic-financial performance, and what business strategies they should implement to respond to the expected scenarios of rising temperatures. This includes both risks and opportunities associated with a climate-resilient and low-carbon economy, i.e., one that is geared toward generating income with lower GHG emissions intensity.