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Suzano’s green bond follows surge in pandemic pulp demand

Ags - Forestry 114 Brazil 331 Coronavirus 377 Financing 105 Materials - Packaging 22

Paper-maker Suzano is launching a green bond that ties interest payments to its environmental performance. The latter will depend on its economic activity as well as greenhouse gas emissions control investments. Brazilian exports of pulp and paper linked to Suzano have risen during the COVID-19 pandemic with a 7.0% surge in Q2 and an 11.5% jump in July. Pulp shipments have led the way with a 33.1% jump in July caused by an increase in personal care products demand. Suzano’s competitors may consider similar financing decisions. Brazilian wood pulp exports linked to Klabin climbed 10.3% hi...

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