Practices
Governance practices
Level 2 governance of the São Paulo Stock Exchange (B3)
Klabin integrates the segment that lists shares of companies that adopt differentiated governance practices. With the migration to level 2, the Company's bylaws express that, in the event of a change to the Novo Mercado, there is no premium payment to the controlling group.
Dow Jones Sustainability Index
Klabin is the only Brazilian company in the container and packaging market to be included in the Dow Jones Sustainability Index (DJSI) in the World Index and Emerging Markets Index portfolios.
Tag-along rights
Klabin's bylaws guarantee the holders of preferred shares the right to receive 100% of the share amount paid to the controlling shareholder in the event of a sale of the company.
Equal economic rights
Holders of common shares, preferred shares, and Units (respecting the ratio of 5 to 1) receive the same amount of dividends.
Financial statements – IFRS
The Company's financial statements are consolidated in accordance with the International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB).
Adherence to the ABRASCA Code
In 2011, Klabin adhered to the Abrasca Code of Self-Regulation and Good Practices for Publicly Held Companies, which establishes principles, rules and recommendations for the purpose of contributing to improvements in corporate governance practices.
Bimonthly meetings
Klabin's Board of Directors meets at least every two months to discuss business strategies and evaluate results. Whenever necessary, the Board meets extraordinarily to discuss relevant topics and approve urgent actions.
General Shareholders' Meeting and IR
It is Klabin’s highest decision-making body as a publicly-traded company listed on B3. The Investor Relations area, in turn, is the main communication channel with shareholders and potential shareholders.
B3’s ISE
Klabin is part of the B3’s Corporate Sustainability Index (ISE) for the ninth consecutive year. The new portfolio composition comprises 34 companies and and will be effective from January 3, 2022 until December 30, 2022.
Board of Directors' assessment
Another advance in governance practices is the project to implement periodic evaluation of the Board of Directors. In 2021, the Board of Directors carried out a self-assessment process, in addition to an external assessment, conducted by an independent consulting firm. These assessments included checks on the structure in which the Board is inserted, the dynamics of meetings and the interaction between directors, strategy, due diligence, human capital, monitoring of the Financial Statements, risks and compliance. According to the Brazilian Institute of Corporate Governance (IBGC), only 20% of companies in Brazil have a formal evaluation process for their Board of Directors.
Shareholder's Handbook
Klabin, with the intention of reinforcing transparency in its relationship with shareholders, promoting more clarity in the accountability of its results and operations, prepared the Shareholder's Manual. The purpose of the document is to facilitate access to the content of the agendas for the Annual General Shareholders' Meeting and Extraordinary General Shareholders' Meeting in 2022 and, additionally, to present relevant information about the Company, contributing to decision-making.
See GRI indicators 102-40, 102-42, 102-43, and 102-44 in the ESG Panel.
Closer to the investor
In the last few years, the number of individuals investing in B3, the São Paulo Stock Exchange, has grown considerably, having reached the mark of 5 million in January 2022. This profile change was also reflected at Klabin: from a portfolio with over 19,000 individual investors in the shareholder base in December 2019, the company reached 215,000 in December 2021.
Investor Relations website
Following this movement, with the purpose of being increasingly closer and more connected to them, Klabin reformulated the Investor Relations website in June 2021, which now has a bold design and intuitive navigation, making it easier to consult key information of interest specific to this audience, such as the company's corporate structure, studies, codes, policies, financial reports, and dividends, as well as rating and analyst coverage.
Klabin Invest
In this scenario of an increasing number of individuals who became investors, the company holds an important indicator: one in 17 investors in the country has Klabin in their portfolio.
Klabin Invest was created in December 2020 and consolidated throughout 2021. The purpose of the channel is to connect and inform Klabin investors and financial market enthusiasts. The portal brings together publications in videos and podcasts on topics related to the Company's area of operation and, mainly, focused on the pillars of investment, sustainability, and innovation, treated didactically, with accessible language.
To learn more, consult the Klabin Invest platforms on Youtube and Spotify.
Klabin Invest in numbers
500+
publications and 61 million+ impacts* on the audience.
26 million+
people accessed** the publications.
47,000+
interactions with content, between “likes”, comments and shares.
*Impact: sum of the number of times the brand was seen and a publication was seen on all social networks analyzed (Instagram, Facebook, LinkedIn, YouTube and Spotify).
** Sum of the number of people who viewed any Klabin Invest post on each social network analyzed, and there may be overlap (Instagram, Facebook, LinkedIn, YouTube and Spotify).
Long-Term Incentive (LTI)
The program, which was already offered to those in management positions, was extended to all employees, strengthening the commitment and convergence between the interests of the professionals and the company's long-term strategy. More information in the Prosperity for the People chapter.
