PUMA Pulp Mill, Brazil
The Swedish Export Credit Agency (EKN) is considering to reinsure* financing of equipment to the Brazilian company Klabin S.A.'s pulp mill project PUMA II, phase 2 in Brazil.
The project is an expansion of an existing facility, which consists of a cardboard factory, two fibre lines and expansion of the plantations supplying raw material to the facility.
The project has a preliminary classification as category A. The key environmental and social risks and impacts from the project relate to risk assessment and management, community health, safety and security; land acquisition and involuntary resettlement; and indigenous peoples’ rights.
The original Environmental and Social Impact Assessment (ESIA) of the project, which includes phase 1 and 2, is available in the following web link:
EKN conducts Environmental and Social (E&S) due diligence of the project based on the existing ESIA. EKN is engaged in close dialogue with involved parties to ensure that risks are managed in line with international standards.
The information was published on EKN's website www.ekn.se June 1th, 2023. Comments on the project can be made within at least 30 days to firstname.lastname@example.org. This procedure is in accordance with the OECD Recommendation on Common Approaches for Export Credit Agencies (ECAs), the so-called “Common Approaches”.
* In the case of reinsurance, EKN bases its environmental and social assessment on the review previously performed by the export credit institution that applies for reinsurance with EKN. This export credit institution has previously published MSKB projects in these with the OECD's recommendation.
Web page last updated 1 Jun 2023