1
21
Main results
Financial-economic performance
STATEMENT OF VALUE ADDED
YEARS ENDED DECEMBER 31
Consolidated (in R$)
In thousands of reais
2009
2010
2011
6,540,879
8,625,441
6,183,939
Allowance for doubtful accounts
Revenues from construction of own assets and other
-19,863
-27,047
-22,237
3,965,167
1,497,968
1,549,160
10,486,183
10,096,362
7,710,862
-3,381,006
-4,430,347
-2,756,456
Inputs purchased from third parties
Cost of products and services sold (including raw materials)
Materials, electric power, third party services and other
Gross value added
-2,554,597
-1,871,116
-1,222,791
-5,935,603
-6,301,463
-3,979,247
4,550,580
3,794,899
3,731,615
-1,330,266
-1,533,593
-1,838,827
-320,554
-49,686
-45,368
2,899,760
2,211,620
1,847,420
Withholding
Depreciation, amortization and depletion
Amortization of asset appreciation
Company value added, net
Value added received on transfer
Equity pickup
Financial income
Total distributable value added
-1,133
-7,328
-414
4,937,684
2,626,664
2,780,761
4,936,551
2,619,336
2,780,347
7,836,311
4,830,956
4,627,767
Distribution of value added
Personnel and social charges
655,896
601,497
571,419
Direct compensation
442,996
446,205
441,752
Fringe benefits
183,169
125,683
104,888
29,731
29,609
24,779
135,201
Government Severance Indemnity Fund for Employees (FGTS)
1,158,587
634,897
Federal
Taxes, charges and contributions
961,594
369,598
-40,076
State
189,066
246,103
148,748
Local
7,927
19,196
26,529
Accrued interest and rent
3,432,358
2,991,407
4,789,261
Retained income
1,929,225
598,647
-872,622
660,245
4,508
4,508
7,836,311
4,830,956
4,627,767
Non-controlling interest
Distributed value added
�������
Gross sales of products and services (less sales returns)
Fibria | Sustainability Report 2011
Revenues
�������
Fibria | Sustainability Report 2011
22
20091 2
20101
20111
Net sales (R$ million)
5,293
6,283
5,854
Net income (R$ million)
2,589
603
(868)
Assets (R$ million)
32,239
30,163
27,854
Net equity (R$ million)
15,075
15,404
14,540
EBITDA (R$ million)
1,697
2,749
1,964
Pulp production (in thousands of tonnes)
5,188
5,231
5,184
Pulp sales (in thousands of tonnes)
5,248
5,061
5,141
Market value (R$ billion)
18.3
12.4
6.5
Average list price of pulp (US$/tonne)
565
848
822
Production cash cost (R$/tonne)
444
452
471
Share value – FIBR3 (R$)
39.1
26.5
13.9
1. In order to better understand the results, Fibria’s performance analyses for the years ended 2009, 2010 and 2011 draw on consolidated financial information
before the reclassification of CONPACEL’s and KSR’s results. In the financial statements and notes there to, the results of these operations are presented in “Net
income for the year from discontinued operations”, after net income for the year. The individual results of these operations are presented in Note 37 to the
financial statements.
2. The results for EBITDA, pulp production, pulp sales and cash cost consider the results of CONPACEL and KSR for the year ended 2009.
Note: Includes 50% of Veracel.
Social performance
Direct employment (GRI LA1)
2009
2010
2011
Employees
4,749
5,037
4,006
Outsourced workers
9,518
11,919
14,523
14,267
16,956
18,529
Total
2011
Company staff
Men
Women
Total
Aracruz Unit (ES/BA/MG)
1,515
164
1,679
807
90
897
1,021
128
1,149
0
0
0
117
95
212
0
0
0
17
10
27
3,477
487
3,964
19
23
42
Total
3,496
510
4,006
Percentage
87.3%
12.7%
–
Três Lagoas Unit (MS)
Jacareí Unit (SP)1
Piracicaba Unit (SP)2
Central Administration
KSR
2
Capão do Leão Forestry Unit (RS)
Total – Brazil
International offices
1. Capão Bonito and Vale do Paraíba.
2. Units sold in 2011.
23
EMPLOYEES
2009
Age
Average age
Up to 30 years
From 30
to 50 years
Over 50 years
2010
2011
Men
Women
Total
Men
Women
Total
Men
Women
Total
–
–
36.40
37.79
34.31
37.29
38.25
34.42
37.76
997
271
1,268
1,047
279
1,326
797
195
992
2,644
369
3,013
2,726
397
3,123
2,218
278
2,496
436
35
471
538
50
588
481
37
518
Average hours of training per employee
Diversity of employees (GRI LA 13)
%
29.71
hours
66
24.97
61
24
26
4.1
3.29
2009
� Women
4.12
2010
� Disabled
2009
2011
2010
2011
� Black and mixed ethnicity
HEALTH AND SAFETY (GRI LA7)
Injury rate (IR)
Occupational diseases rate (ODR)
Number of fatalities
2009
2010
2011
0.89
0.47
0.23
0.012
0.034
0.004
2
3
1
ETHICS
Grievances received by the Ombudsman (GRI HR11)
2011
Total number of grievances received
309
Grievances related to human rights1
105
Grievances related to human rights considered improper and were filed
44
Grievances related to human rights considered founded and were treated
55
Grievances related to human rights that were still pending at the end of the year
6
Grievances related to human rights received before 2011 that were considered founded and were treated
4
1. Of which 72 were cases of moral or sexual harassment and abuse of power, 16 were disciplinary measures, 11 were related to discrimination, 5 retaliations of
managers towards subordinates and one related to a labor union.
�������
12.73
Women
14.4
Men
13.02
Fibria | Sustainability Report 2011
54
24
INVESTMENT IN NEIGHBORING COMMUNITIES (GRI EC1)1
Fibria
2009
2010
2011
R$13,922,901.55
R$13,506,816.42
R$20,615,000.003
R$347,310.00
R$587,910.00
R$1,993,138.00
Incentivized projects
Votorantim Institute
Total
2
R$2,182,000
R$3,200,000.00
R$3,098,000.00
R$16,104,901.55
R$16,941,274.42
R$25,706,138.00
1. Refers to donations to and investments in the community in benefit of people outside the company. These include contributions to charity organizations, NGOs
and research institutes (unconnected with the company’s own technology area), funding support for community infrastructure projects and the direct cost of
social programs. It also includes the cost of managing the projects.
2. Updated value.
3. Including the project Sustainable Settlements, in partnership with the Landless Workers’ Movement (MST), the Constructive Dialogues event, investment from
BNDES, among others.
�������
Fibria | Sustainability Report 2011
TOTAL VALUE OF FINANCIAL AND IN-KIND CONTRIBUTIONS TO POLITICAL PARTIES, POLITICIANS,
AND RELATED INSTITUTIONS (GRI SO6)
20091
2010
20111
0
R$7.125 million
0
1. Because there were no election campaigns in 2009 and 2011, Fibria did not make any political donations during those years.
PARTNERSHIP FORESTS
Unit
Hired area (hectares)
Aracruz
78,982
Jacareí1
11,762
Três Lagoas
1,431
Capão do Leão
14,716
Total
106,891
1. Vale do Paraíba and Capão Bonito.
� Municipalities reached: 214, 69 in Espírito Santo, 15 in Bahia, 44 in Minas Gerais, 13 in Rio de Janeiro, 43 in São Paulo,
27 in Rio Grande do Sul and 3 in Mato Grosso do Sul.
� Number of contracts: 3.422
� Average area per contract: 31 hectares
� 10% of the wood consumed in Fibria’s Industrial Units in 2011 is from partnership programs (Forest Savings and
Forest Producer)
Environmental performance
TOTAL WATER WITHDRAWL, BY SOURCE (GRI EN8)
Forest operations
2010
2011
Number of points
of withdrawl
Surface water (m³)
201,312
77,541
14
Ground water (m³)
204,660
144,470
17
Surface water (m³)
307,487
386,252
136
Unit
Type of withdrawl
Jacareí1
Aracruz2
Três Lagoas
Ground water (m³)
–
–
–
Surface water (m³)
198,558
482,566
185
Ground water (m³)
125,940
31,535
2
1. Vale do Paraíba and Capão Bonito.
2. License to capture surface water is only granted in the nursery of Aracruz (ES). We do not have licenses for groundwater capture, which is not required by law.
25
Industrial operations1
Aracruz Unit
2009
Total (m3)
2010
Jacareí Unit
2011
2009
Três Lagoas Unit
2010
2011
108,394,560 110,395,296 107,325,576 26,654,814 25,535,665 28,591,030
Volume
consumed
(m³/day)
217,965
219,705
217,116
73,027
69,961
78,332
2009
NA
NA
2010
2011
Total Fibria
(2011)
47,553,023 45,740,070 181,656,676
129,926
125,315
420,763
1. All water consumed by Fibria’s Industrial Units is from surfacewater sources.
Specific consumption of water
Volume of effluents
m3/adt
m3/adt
50
50
40
45
35
40
37.6
35
36.1
30.9
35.9
34.1
34.1
35.6
30
29.3
30
30
30.4
29.3
27.7
25
25.2
25
21.2
20
22.5
19.8
20
15
18.5
19.9
18.1
15
2009
� Aracruz Unit
2010
� Jacareí Unit1
2011
2009
� Três Lagoas Unit
� Aracruz Unit
BAT
2010
� Jacareí Unit1
2011
� Três Lagoas Unit
1. Includes the specific consumption of water of the paper mill located in the same site.
1. Includes the effluent of the paper mill located in the same site.
COD
BOD
Kg/adt
Kg/adt
2.84
3
25
23
23
2.5
21
1.94
19
17
2
16.4
1.65
1.5
15
13.7
13
11.82
1.5
14.6
1.13
1
11
9
7
1.28
0.815
0.767
8.99
7.54
8.11
7.39
6.91
8
0.73
0.565
0.5
0.3
0
5
2009
� Aracruz Unit
2010
� Jacareí Unit
Specific consumption – volume consumed per tonne
of pulp produced
adt – air dried tonne
COD – chemical oxygen demand
BOD – biochemical oxygen demand
SO2 – sulpher dioxide
NOx – nitrous oxides
TRS – total reduced sulpher
CO2 – carbon dioxide
BAT – Values according to the publication Best Available
Techniques (BAT) by the Integrated Pollution Prevention
and Control (IPPC) (2001), used by the industry as a
reference for bleached hardwood Kraft pulp.
2011
� Três Lagoas Unit
2009
BAT
� Aracruz Unit
2010
� Jacareí Unit
2011
� Três Lagoas Unit
BAT
26
Suspended
Suspendedparticulates
particulates
Particulate
Particulatematter
matter
kg/adt
kg/adt
kg/adt
kg/adt
44
1.4
1.4
3.5
3.5
1.2
1.2
1.256
1.256
3.4
3.4
1.247
1.247
11
33
2.56
2.56
2.5
2.5
2.55
2.55
22
2.65
2.65
0.822
0.822
2.63
2.63
0.8
0.8
2.23
2.23
2.06
2.06
1.85
1.85
0.6
0.6
1.59
1.59
1.5
1.5
1.5
1.5
0.4
0.4
0.43
0.43
0.2
0.2
11
0.5
0.5
43.68
43.68
0.2326
0.2326
0.2
0.22
0.22 0.2
0.1887
0.1887
0.23
0.23
0.6
0.6
00
0.5
0.5
2009
2009
�������
Fibria | Sustainability Report 2011
�
�Aracruz
AracruzUnit
Unit
2010
2010
2009
2009
2011
2011
�
�Jacareí
JacareíUnit
Unit
�
�Três
TrêsLagoas
LagoasUnit
Unit
�Aracruz
AracruzUnit
Unit
�
BAT
BAT
2010
2010
�Jacareí
JacareíUnit
Unit
�
2011
2011
�Três
TrêsLagoas
LagoasUnit
Unit
�
BAT
BAT
NOx
NOx
Sulfur
Sulfur dioxide
dioxide
kg/adt
kg/adt
kg/adt
kg/adt
0.4
0.4
0.4
0.4
33
2.6
2.6
0.35
0.35
2.5
2.5
0.3
0.3
22
0.25
0.25
1.6
1.6
0.2
0.2
0.2
0.2
1.5
1.5
1.5
1.5
1.52
1.52
0.155
0.155
0.15
0.15
0.13
0.13
0.085
0.085
0.1
0.1
0.0241
0.0241
2009
2009
�
�Aracruz
AracruzUnit
Unit
0.035
0.035
0.3009
0.3009
00
2010
2010
2009
2009
2011
2011
�
�Jacareí
JacareíUnit
Unit
�
�Três
TrêsLagoas
LagoasUnit
Unit
�
�Aracruz
AracruzUnit
Unit
BAT
BAT
0.1965
0.1965
0.2945
0.2945
2010
2010
�
�Jacareí
JacareíUnit
Unit
2011
2011
�
�Três
TrêsLagoas
LagoasUnit
Unit
BAT
BAT
CO
CO22
TRS
TRS
kg/adt
kg/adt
kg/adt
kg/adt
0.2
0.2
500
500
0.12
0.12
470
470
0.1
0.1
0.1
0.1
460
460
450
450
450
450
0.08
0.08
0.06
0.06
0.67
0.67
0.5
0.5
0.0556
0.0556
0.02
0.02
00
0.7
0.7
0.81
0.81
0.0517
0.0517
0.05
0.05
11
11
0.095
0.095
400
400
360
360
0.05
0.05
350
350
0.04
0.04
0.006
0.006
0.0027
0.0027
2010
2010
�
�Jacareí
JacareíUnit
Unit
330
330
300
300
0.02
0.02
�
�Aracruz
AracruzUnit
Unit
360
360
330
330
0.03
0.03
0.025
0.025
0.008
0.008
0.0028
00 0.0028
2009
2009
360
360
0.013
0.013
0.0102
0.0102
250
250
2009
2009
2011
2011
�
�Três
TrêsLagoas
LagoasUnit
Unit
310
310
BAT
BAT
�Aracruz
AracruzUnit
Unit
�
2010
2010
�Jacareí
JacareíUnit
Unit
�
2011
2011
�Três
TrêsLagoas
LagoasUnit
Unit
�
27
WASTE (IN T) (GRI EN22)
20092
2010
2011
721,492.10
981,402.48
940,380.37
741.10
1,022.36
390.38
720,751.00
980,380.12
939,989.99
Waste reutilized (reuse, recycled,
reprocessed and compost)
546,380.00
(75.7%)
717,179.75
(73.1%)
639,610.72
(68.0%)
Disposal of hazardous and non-hazardous
waste in landfills (internal and external)
174,371.00
(24.2%)
261,848.68
(26.7%)
280,287.45
(29.8%)
Total waste generation
Hazardous waste
Non-hazardous waste
1. Data refer to industrial operations. The generation of waste from forest operations do not impact significantly, representing about 0.6% of total waste generated by Fibria in 2011. Data regarding waste from forest operations are available on page 146.
2. Does not include the Três Lagoas Unit, that began operations in 2009.
Unit
Total area
(ha)
Area certified
by the FSC®
Area certified
by CERFLOR (PEFC)
Três Lagoas2
350,201.05
226,659.24
238,373.90
Jacareí
161,086.49
158,512.71
–
Aracruz
355,288.30
–
355,288.30
Capão do Leão
107,841.43
–
–
Total
974,417.27
385,171.95
593,662.20
1. In hectares. Does not include 50% of Veracel.
2. The certified area includes new land bought and leased for the formation of forests that will supply wood to the new factory to be built in Três Lagoas.
Environmental risks
CONSERVATION AREAS RESTORED (IN HECTARES)
2010
2011
2012 target
Target 2012-2025
3,374
2,800
2,000
40,000
�������
CERTIFIED FOREST AREA (2011)1
Fibria | Sustainability Report 2011
Certifications
28
RESTORED AND PROTECTED HABITATS (GRI EN13)
(in hectares)
Aracruz
Jacareí1
Três Lagoas
Capão do Leão
2010
123,570.0
55,767.2
6,282.0
–
2011
124,060.0
55,620.0
10,980.0
–
2010
–
7,420.0
65,576.0
–
2011
–
7,690.0
88,620.0
–
Atlantic Rainforest
�������
Fibria | Sustainability Report 2011
Size of protected habitats
Savanna
Mangrove
2010
–
–
–
–
2011
–
–
–
–
2010
4,785.6
–
–
–
2011
5,270.0
–
–
–
2010
–
–
–
59,725.2
2011
–
–
–
60,210.0
Restinga biome
Pampa biome
1. Vale do Paraíba and Capão Bonito.
NUMBER OF SPECIES (GRI EN15)
Total species
Jacareí1
Três Lagoas
Aracruz2
Capão
do Leão
Total Fibria
Plants
490
283
864
517
1,786
Birds
387
307
519
256
742
Mammals
50
67
79
51
155
Amphibians
0
33
48
26
95
Reptiles
0
36
52
38
108
Fish
0
0
85
57
134
Crustaceans
0
0
25
0
25
1. Vale do Paraíba and Capão Bonito.
2. Forest partnership areas have been included in the Aracruz Unit.
CARBON BALANCE
2008
2009
2010
318,348
298,265
340,611
1,074,606
1,205,170
758,952
409,293
627,147
525,138
1,802,247
2,130,582
1,624,701
7,388,444
9,060,139
11,072,468
15,867,205
24,985,243
20,261,632
–
1,049,946
1,049,946
15,867,205
26,035,189
21,311,578
6,676,514
14,844,468
8,614,409
Emissions (CO2eq)
Forest operations
Industrial operations
Logistics
Total 1
Burning of biomass (CO2eq)
Total 2
Capture (CO2eq)
Planted forest
Native forest
Total 3
Balance [total 3 – (total 1 + total 2)]