Press release from APP promoting its Sustainability Roadmap for 2020. Key milestones will include having the capacity to be wholly reliant on raw materials from plantations by 2015; all current APP suppliers operating by the High Conservation Value Forest (HCVF) standards by 2015; and all current suppliers having credible certification for Sustainable Forest Management by 2020.

Pressure is building on President Dilma Rousseff to veto The Forest Code ahead of the deadline on 25th May. The Forest Code reduces the obligation on landowners to protect Amazonian forest cover down from 80 to 50 per cent, leading to the potential loss of 190 million acres of forest according to the Brazilian Government’s Institute for Applied Economic Research. It is being seen as a battle between the increasingly powerful ‘ruralistas’, legislators representing agricultural interests, and a range of other stakeholders including environmental NGOs, leading national scientific groups, Brazilian celebrities and even many large businesses such as Tetra Pak Brasil.

Low paper prices reduce Stora Enso’s profits. Overcapacity in the European market and insufficient demand are considered to be a major factor. CEO, Jouko Karvinen, highlights the need to keep its European business strong to fund planned mill construction in China and Uruguay – regions with considerable growth.