Sonae Arauco has agreed to a Sustainability-Linked Loan worth 200 million euros. For this financing, the Sustainability Performance Targets (SPTs) defined until 2029 (1) include an increase of 9.3 p.p. in the share of recycled wood used and a 59% reduction in carbon dioxide emissions (Scopes 1 and 2) intensity, to which Sonae Arauco is committed.

The sustainable financing now announced reinforces Sonae Arauco's commitment to transitioning to a low-carbon economy. ‘The KPIs defined in the agreement reflect concrete and measurable targets in terms of sustainability and are fully aligned with the company's vision of fostering a circular economy and efficient management of natural resources, especially wood,’ explains Cristian Knollseisen, Sonae Arauco's Chief Financial Officer. He adds: ‘This positioning reaffirms the integration of environmental goals as an essential pillar of Sonae Arauco business model, and as a transversal element of all its operations, including financial management’.