2025 was a year filled with challenges that tested our ability to act with strategic vision, discipline, and, above all, immense responsibility.

Once again, we reaffirmed that sustainability is the core driver of our business. We made steady progress on our climate agenda, validated our science-based targets, consolidated our circular economy model—Urban Forest^®—and improved our water and energy management, demonstrating that paper and packaging are key allies in a sustainable future.

Our company's true strength lies in the talent, dedication, and vision of every individual who makes up this great family. That is why we continue to promote safe, diverse, and inclusive environments where everyone can thrive.

Our connection with local communities translates into concrete actions and measurable results. Through local partnerships and the Bio Pappel Foundation, we continue to foster education, well-being, and social development.

In the face of complexity, we responded with decisive action and a forward-looking vision.

I invite you to explore this Sustainability Report, a clear reflection of our commitment to innovation and shared value.