Annual Report

The report describes a strong 2018 performance, with revenue of €221.07 million and continued investment in the €180 million Hernani Project. It highlights the Board-reporting Corporate Social Responsibility Committee and the approval of new Climate Change and CSR policies. Environmental achievements include 244,290 t of CO2 emissions avoided, 100% cogeneration-produced electricity and thermal energy, and 48% of plant waste reused externally. The report also documents broad stakeholder engagement, sustainable forestry management and GRI Standards reporting in accordance with the Essential Criteria option.