Climate change is a major global challenge. According to the Annual Report on Global Risks of the World Economic Forum¹, the most likely risks in the next ten years are the failure of climate action (1st place) and meteorological extremes (2nd place). The planet has been registering temperature increases, especially due to anthropic actions that promote the emission of greenhouse gases (GHG), resulting in a series of impacts² on natural ecosystems and communities, and the development of economic activities.

Allied with the need to act in mitigation and adaptation to climate change, the private sector has been assuming a leading role in this agenda and seeking to understand how these issues affect its economic-financial performance and which business strategies can respond to the predicted temperature increase scenarios. This includes risks and opportunities associated with a climate change resilient and low carbon economy - i.e., oriented to capital generation with less GHG emission intensity.

Seeking efficiency in its processes, Suzano has historically reduced the emissions associated with its production considerably. With a degree of renewability in the energy matrix³ greater than 88% (scope 1), the company's GHG emissions intensity indicators per ton of product produced are currently one of the lowest in the sector, as evidenced by the Transition Pathway Initiative⁴. Suzano already has a low-intensity indicator when compared to its main market competitors.

We understand that fighting climate change⁵ is everyone's role, and the integrated operation of our business - which unites our forests and industrial units - places us as central players in advancing this agenda. Therefore, ensuring that we continue to work on decarbonizing our operations inspires us to develop better solutions.

The sum of emissions resulting from our production process (Scope 1) and the acquisition of electricity (Scope 2), mapped annually in the Greenhouse Gas Inventory⁶, compared to the volume of finished products.

Our emissions intensity target is aligned with the Paris Agreement, established in 2015. According to the Transition Pathway Initiative, our emissions intensity is already one of the lowest in the industry.

In 2022, our emissions intensity (Scopes 1 and 2) per ton of production was 0.1962 tCO₂e/t⁵. There was an accumulated reduction of 8% in 2022, which represents an advance of 53.5% toward achieving the target.
Suzano had a stable production year, with no representative variation compared to 2021.
The emissions had a slight increase influenced by the mobile categories and agricultural activities due to the consolidation of the forest base and a reduction in emissions from industrial machinery in line with modernization processes and efficiency gains.
For energy imports (Scope 2), the units that operate with electricity consumption had a reduction in total emissions since the average emission factor for electricity offered in the National Interconnected System by the Ministry of Science and Technology and Innovations (MCTIC) of Brazil decreased by 66% due to the increase in electricity generation by renewable sources in 2022.
Thus, the company presented a 2% increase in Scope 1 emissions and a 64% reduction in Scope 2 emissions, representing an absolute global reduction (Scope 1 + 2) of 1.5% and a global reduction of the intensity of 1.7% (Scope 1 + 2/production).
The reduction in intensity was higher than that of absolute emissions, following the commitment to maximize efficiency and productivity with lower emissions intensity.
The amount of product considered in the indicator's denominator is in tons. It is important to note that the value represents the sum of the total production of pulp, paper, and consumer goods. This number differs from the production figures disclosed in financial statements, which present the volumes finished and made available to the market.
Our ambition was built using historical data from the former Fibria and Suzano Papel e Celulose. In practice, after the merger, the company became more efficient. The integration of the industrial and forestry processes in the regions where the two companies operated generated gains in efficiency that were reverted into a decrease in our emissions. 

Suzano will continue to execute initiatives and projects to increase the efficiency of its operations and reduce consumption of fossil fuels, seeking to increase its renewable energy matrix, which currently exceeds 88% for Scope 1. One example is the increased use of biomass and black liquor in energy generation and use of new technologies, such as gasification, in the new plant under construction (Cerrado Project).
We will also continue with our strategy of executing initiatives and projects to increase efficiency in operations and reduce consumption of fossil fuels, such as the Master Plan for the Jacareí (SP) plant and modernizations in Aracruz (ES). 
As signatories of the Business Ambition for 1.5°C¹⁰, Race to Zero¹¹ and Science Based Target Initiative (SBTi⁹), we are in the process of analyzing the current methodologies and those under development, such as the SBTi Flag, which may be revised after the publication of the GHG Protocol Land Sector and Removals and the update of the Sectoral Decarbonization Approach tool (1.5°C) for the Pulp and Paper sector. In parallel, we are conducting studies of decarbonization scenarios aligned with the Paris Agreement Goals. We will continue to follow and monitor the publication and updating of methodologies for adapting our commitments.