Altri SGPS S A : Celbi - Information concerning the achievement of waste management targets

CELBI S.A.

Information concerning the

achievement of waste management

targets

The present information fulfils the obligation imposed by Article 22a item 5 of the Waste Act of 14 December 2012.

1

CELBI S.A.(The Company) is a member of the Altri Group. It produces bleached eucalyptus pulp (BEKP - Bleached Eucalyptus Kraft Pulp)

Pulp produced by Celbi has several applications, namely the production of paper, and in particular:

tissue	printing paper	writing paper

Celbi is positioned in the B2B market. Its main customers are manufacturing industries. The Company provides information on its commitment to environmental protection below.

CELBI S.A. does not limit the performance of its obligations to cases where the collection and processing of waste is most profitable

In 2020, a Sustainability Advisory Group was created at Altri Group level, chaired by the CEO. It includes senior managers from the various operational and functional areas, as well as Board members.

The aim of the Sustainability Advisory Group is to support the Board in definition and monitoring of its sustainability strategy.

At the same time, the Altri Group joined the United Nations Global Compact with a commitment to align its strategy and reflect its ten fundamental Principles in its culture and daily operations.

The Altri Group is committed to contribute to the Sustainable Development Goals defined in the 2030 World Agenda, identifying those where they have the greatest positive impact through operations, products and solutions, as well as those where the Group intends to minimize the negative impact.

In recent years, the Company has undertaken several investments aimed at reducing environmental pollution and protecting the environment. The Company is meeting the waste management targets imposed on it.

Altri Group is involved in:

1	2	3	4
projects and		research on		biodiversity stations		partnerships with
partnerships with		sustainable forest and		and biospot network		universities, such as
environmental		plant production				University of Coimbra,
protection associations						Aveiro and Beira
(e.g. WWF, GEOTA,						Interior
SPEA, LPN).

CELBI S.A. ensures adequate availability of the collection system in the area in which it markets the products

In the manufacturing process, the Company uses materials and substances such as wood, water, chemicals, including oxygen, caustic soda, hydrogen peroxide, chlorine dioxide and sulphuric acid.

It is possible to reuse packaging from the Company's products.

Celbi uses wood produced in sustainably managed forests, with residual biomass being valued as energy produced in biomass power plants.

All products are sustainable, renewable and biodegradable.

It is possible to recycle packaging from the Company's products to the extent of packaging containing only wire.

The Company has procedures for dealing with waste generated in the production process.

Part of the non-hazardous industrial waste from the process activities is deposited in the waste controlled landfill (WCL) which has been in operation since 1998.

The organic waste resulting from the wood preparation as well as the sludge from the effluent treatment is processed in the waste composting plant.

The waste resulting from non-process activities (paper, plastic, glass, used oils, waste contaminated with oils, metal, etc.) is collected through an extensive network of containers for selective collection and sent out to external authorised waste management operators for treatment, elimination or further uses.

The bark and residual biomass from the wood yard and wood preparation plant resulting from the debarking of wood for the process are sent to Biomass Power Plants in order to generate electricity.

The Company's waste management costs are approximately €3 per tonne of pulp.

CELBI S.A. has the necessary financial and organisational resources to perform its obligations

CELBI S.A. presents the staffing levels for the financial years 2016 - 2020.

Financial year	2016	2017	2018	2019	2020
Average number of employees	241	248	254	268	276
Number of new hires	17	11	20	31	16

The Company hires new employees every year; hence, it has the organizational resources necessary to perform the obligations imposed on it.

Average number of employees
250				276
		268
200		254
150	248
100241
50
2016	2017	2018	2019	2020

It is clear from the data presented that the number of employees (including those dealing with environmental issues) is on an upward trend.

The Company implemented a set of measures for the prevention, control and surveillance of the pandemic. As a result of the various measures implemented, during FY20, there was an expense of approximately 630 thousand EUR (including personnel expenses, namely, shifts and overtime, as well as travel expenses, donations, protective equipment, expenses with hiring companies specialized in disinfecting spaces, among others).

Below the Company presents the level of sales of its products in tonnes:

Financial year	2016	2017	2018	2019	2020
Level of product sales (tonnes)	726,504	741,213	764,639	780,013	747,327

The data show that the level of product sales (in tonnes) showed an upward trend until 2020. As a result, the Company has the financial resources necessary to perform the duties imposed on it.

The Company presents its sales results and cost of sales:

Financial year	2016	2017	2018	2019	2020
Value of product sales	392,226,897	433,944,997	539,101,704	455,981,527	357,676,929
(EUR)
Value of services	4,935,207	4,796,825	5,088,983	5,866,860	6,937,469
rendered (EUR)

Financial year	2016	2017	2018	2019	2020
Value of sales in Portugal	82,056,176	87,981,800	99,248,780	78,160,647	92,400,167
(EUR)
Value of services	315,105,928	350,760,022	444,941,907	383,687,740	272,214,231
rendered (EUR)