Herramientas

Climate change may affect the results of Fibria’s business as it is strongly reliant on the use of natural resources. The company’s business strategy addresses physical, regulatory and image risks associated with climate changes, although it still does not quantify the financial implications of climate changes on the planet.

Besides the issues involving international agreements, such as the Kyoto Protocol, the company is aware of the regula- tory actions being designed at the local, state and federal levels. This includes the National Policy on Climate Changes and the State Policy on Climate Changes (PEMC), of São Paulo state.

The physical risks associated with climate changes and water availability may negatively affect environmental ser- vices, such as regional climate regulation and water availability, with direct impacts on the company activities and occasionally on its suppliers and customers. Therefore, the company has assessed its vulnerability to climate changes in light of the whole value chain and adopts the principle of precaution (GRI 4.11) to manage and operate its indus- trial and forest activities.

Fibria’s main actions to prevent physical risks are as follows:

control and monitoring of production

studies for genetic improvement in the production of eucalyptus, seeking to identify the species more adaptable to

different climate conditions

monitoring of water consumption in forest areas mapping of areas with potential conflicts involving water start of monitoring of the Company’s water footprint

projects for energy efficiency and improvement of industrial process stability exploitation of different transportation types

reduction and reuse of wastes

preparation of a survey on greenhouse gas (GHG) emissions from company activities, focused on carbon foofprint of

pulp and CDP Supply Chain

Fibria also assesses the opportunities to generate carbon credits in the financial market, but the current uncertainty of markets has rendered difficult to make projects feasible. This scenario prompted the company to monitor the is- sues being debated internationally under the United Nations Framework Convention on Climate Change (UNFCCC). In 2011, together with other 184 global companies, Fibria participated as an observer in the Conference of the Par- ties in Durban (COP-17), South Africa, and signed the Communiqué of Durban (www.2degreecommunique.com), a document laying out the necessary actions by governments and corporations to restrict the increase in temperatures on the planet to 2°C.

A global carbon credit market would benefit Fibria, whose forest plantations at industrial scale allow reaching a posi- tive balance of carbon with the expansion of forests and accumulation of organic matter in the soil.

The company is also a party to international initiatives of environmental management targeting the reduction of risks and impacts of climate changes and control over human actions which may lead to climate changes on the planet:

Carbon Efficient Index (ICO2) – Fibria was the first forest company to become a member of the Carbon Efficient Index (ICO2), launched in 2010 by the BM&FBovespa and by the Brazil’s National Bank for Economic and Social Devel- opment (BNDES). The second edition of the index in 2011 comprised a portfolio of 36 companies listed on IBr-X 50,

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which brings together the 50 companies leading trades on the São Paulo Stock Exchange. The ICO2 aims to strengthen the companies’ commitment to environmental management practices targeting climate changes and prepare the market for a low carbon economy.

CDP Investors – Please refer to chapter “Management and strategies” > “Sustainability” > “Main commitments undertaken”.

CDP Supply Chain – Please refer to chapter “Management and strategies” > “Sustainability” > “Main commit- ments undertaken”.

Water Footprint Network – Please refer to chapter “Management and strategies” > “Sustainability” > “Main commitments undertaken”.

Forest Footprint Disclosure – Please refer to chapter “Management and strategies” > “Sustainability” > “Main commitments undertaken”.

Carbon Footprint

In 2011, Fibria completed its third GHG inventory based on January to December 2010 data. This inventory took into consideration the industrial and forest operations of Aracruz (ES), Três Lagoas (MS) and Jacareí (SP) Units, as well as pulp export logistic operations for the three Units.

The inventory found a positive balance of emissions with 1.8 tonnes of CO₂ equivalent, captured for every tonne of pulp produced. Also a 25% drop was reported on carbon gas in relation to the previous survey, mainly as a result of re- moving the Guaíba (RS) Unit from the inventory. The company was awarded a Carbon Footprint certificate by BRTÜV, the Brazilian subsidiary of German company TÜV Nord.

Fibria’s GHG emissions inventory in 2010 was carried out in view of various calculation protocols, including the GHG Protocol of the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBC- SD), adapted by the International Council of Forest and Paper Associations (ICFPA) for the pulp and paper industry.

This inventory was carried out in view of the following documents prepared by the WRI, together with the WBCSD:

The Greenhouse Gas Protocol – A Corporate Accounting and Reporting Standard – revised edition;

Calculation Tools for Estimating Greenhouse Gas Emissions from Pulp and Paper Plants of the ICFPA Climate Changes

Working Group, version 1.3;

Calculation Tools for Estimating Greenhouse Gas Emissions from Mobile Combustion, version 1.2; CO₂ Emissions from Business Travel, version 2.0.

Fibria reports the direct emissions from industrial and forestry operations (Scope 1 – emission sources owned or controlled by the organization), the import of energy (Scope 2 – emissions generated by the production of electricity consumed in the forestry and industrial operations of the company ), and other sources attributable to the company, such as transport vehicles within the fleet itself or not operationally controlled by the company (Scope 3 – emissions sources that are not owned or controlled by the organization), used for the export of products and business travel. Fibria considered the capture of carbon equivalent provided by eucalyptus plantations and native reserves.

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