0001104659-21-019928.txt : 20210210 0001104659-21-019928.hdr.sgml : 20210210 20210210171409 ACCESSION NUMBER: 0001104659-21-019928 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210210 FILED AS OF DATE: 20210210 DATE AS OF CHANGE: 20210210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Suzano S.A. CENTRAL INDEX KEY: 0000909327 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38755 FILM NUMBER: 21615047 BUSINESS ADDRESS: STREET 1: AV. PROFESSOR MAGALHAES NETO, 1,752 STREET 2: 10TH FLOOR, ROOMS 1010 AND 1011 CITY: SALVADOR - BA STATE: D5 ZIP: 41 810-012 BUSINESS PHONE: 551121384588 MAIL ADDRESS: STREET 1: AV. BRIGADEIRO FARIA LIMA, 1,355 STREET 2: 7TH FLOOR CITY: PINHEIROS, SAO PAULO - SP STATE: D5 ZIP: 01 452-919 FORMER COMPANY: FORMER CONFORMED NAME: Suzano Papel e Celulose S.A. DATE OF NAME CHANGE: 20180322 FORMER COMPANY: FORMER CONFORMED NAME: COMPANHIA SUZANO DE PAPEL E CELULOSE /FI DATE OF NAME CHANGE: 19930719 6-K 1 tm215627d2_6k.htm FORM 6-K

 

 

  

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

 

FORM 6-K

 

 

 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of February, 2021.

 

Commission File Number 001-38755

 

 

 

Suzano S.A.

(Exact name of registrant as specified in its charter)

 

 

 

SUZANO INC.

(Translation of Registrant’s Name into English)

 

Av. Professor Magalhaes Neto, 1,752

10th Floor, Rooms 1010 and 1011

Salvador, Brazil 41 810-012

(Address of principal executive office)

 

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F x    Form 40-F ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨

 

 

 

 

 

  

OPINION OF THE FISCAL COUNCIL

 

Dear Shareholders,

 

The members of the Fiscal Council of Suzano S.A. (“Company”), at a meeting held on February 10, 2021, in exercise of its legal and statutory attributions, examined the Management Report and the Individual and Consolidated financial statements of the Company and their respective Explanatory Notes, all related to the year ended December 31, 2020, accompanied by the report by PricewaterhouseCoopers Auditores Independentes, issued without qualifications, and having found these documents in accordance with applicable legal requirements, opined in favor of its approval by the General Meeting.

   

São Paulo, February 10, 2021.

  

Rubens Barletta

Member

 

Luiz Augusto Marques Paes

Member

 

Eraldo Soares Peçanha

Member

 

 

 

 

SUMMARIZED ANNUAL REPORT OF THE STATUTORY AUDIT COMMITTEE (“CAE”)

  

About the Committee

  

The CAE of Suzano S.A. is a statutory body set up in permanent operation established in April 2019, according to the best practices of corporate governance.

 

The CAE is composed of 4 (four) members with a 2 (two) year term. All members are independent, with 2 (two) of them are also member of the Board of Directors of Suzano S.A. Among the members of CAE, Ms. Ana Paula Pessoa, acts as coordinator and Mr. Carlos Biedermann, as financial specialist.

 

In accordance with its Internal Regulations, the CAE is responsible to ensure (i) the quality and integrity of the financial statements of Suzano S.A. (ii) compliance with legal and regulatory requirements (iii) the performance, independence and quality of the work of the independent audit companies and the internal audit and (iv) quality and effectiveness of the internal control system and risk management. CAE's assessments are based on information received from management, independent auditors, internal auditors, those responsible for risk management and internal controls, managers of the complaint and ombudsman channels and in their own analysis resulting from direct observation.

 

PricewaterhouseCoopers Auditores Independentes is the company responsible for auditing the financial statements in accordance with standards issued by the Federal Accounting Council (“CFC”) and certain specific requirements of the Brazilian Securities Exchange Commission (“CVM”). The independent auditors are also responsible for the special review of the quarterly reports (“ITRs”) filed with the CVM. The independent auditors' report reflects the results of their verifications and presents their opinion regarding the reliability of the financial statements for the year in relation to the accounting principles arising from the CFC in accordance with the standards issued by the International Accounting Standard Board (“IASB”), CVM rules and Brazilian corporate law. For the year ended December 31, 2020, the independent auditors issued a report said on February 10, 2021, without qualifications.

 

The internal audit work is performed by its own team. CAE is responsible for hiring and approval the internal audit plan, that implementation is monitored and guided by the Internal Audit Officer, directly linked to the Board of Directors. Furthermore, CAE develops its activities widely and independent manner, observing, mainly, the coverage of areas, processes and activities that present the most sensitive risks to the operation and the most significant impacts in the implementation of the Company's strategy.

  

Issues discussed by the CAE

 

The CAE met 9 (nine) times from January 2020 to February 2021. Among the activities performed during the year, it highlights the following:

  

(i)            monitoring the impacts related to COVID-19 and the actions taken by the Company, as well as its reporting of these activities to the market;

 

(ii)           monitoring of the cybersecurity plan with clear milestones for the years 2020 and 2021;

 

(iii)          approval and monitoring of the Annual Work Program of Internal Audit and its implementation, including on the integration with other activities related to risk management and compliance;

 

(iv)          knowledge of the points of attention and the resulting recommendations of the Internal Audit, as well as follow up on the remedial measures taken by Management;

 

(v)          monitoring of the internal control system as to its effectiveness and improvement processes, monitoring of fraud risks based on the manifestations and meetings with the Internal Auditors and the Independent Auditors, with the Internal Controls, Compliance and Ombudsman area;

 

(vi)          analysis of the Internal Controls certification process (Sarbanes-Oxley SOX) with Administrators and Independent Auditors;

 

(vii)         monitoring of the methodology adopted for risk management and the results obtained, according to the work presented and developed by the specialized area and by all managers responsible for the risks under their management, in order to ensure the disclosure and monitoring of the relevant risks for the Company. In 2020, the risk matrix was completely reviewed;

 

(viii)        analysis, approval and monitoring of the Annual Work Program of the Independent Auditors and its timely implementation;

 

 

 

 

(ix)           monitoring the process of preparing and reviewing Suzano's financial statements, the Management Report and the Earnings Release, through meetings with the Management and the Independent Auditors to discuss the ITRs and the financial statements for the year ended December 31, 2020;

 

(x)           monitoring of the reporting chancel for complaints open to shareholders, employees, issuers, suppliers and the general public, with Ombudsman's responsibility for receiving and investigating complaints or suspected violations of the Code of Ethics, respecting confidentiality and independence of the process and at the same ensuring the appropriate levels of transparency;

 

(xi)         meetings with the current Independent Auditors of the Company, PricewaterhouseCoopers Auditores Independentes at several times, to discuss the ITRs submitted for its review and learned about of the audit report, containing the opinion on the financial statements for the year ended December 31, 2020, being satisfied with the information and clarifications provided;

 

(xii)          attention to transactions with related parties, the criteria used to assess the fair value of biological assets and the criteria adopted in other accounting estimates in order to ensure the quality and transparency of information; and

 

(xiii)         monitoring of systems integration projects for SAP unification that occurred in the year of 2019, with a direct impact on the control environment for the year 2020.

 

The above issues were submitted to the appreciation and or approval of other management bodies, including the Board, according to the Company's bylaws and internal regulations.

 

Conclusion

 

The members of the Company's CAE, in the exercise of their legal attributions and responsibilities, as well as those provided for in the Committee's Internal Rules, proceeded to the examination and analysis of the financial statements, accompanied by the audit report containing an opinion without qualifications from the independent auditors, the Management's annual report and the proposed allocation of the result, all related to the year ended December 31, 2020. Considering the information provided by the Company's Management and the audit examination conducted by PricewaterhouseCoopers Auditores Independentes, recommend, unanimously, the approval by the Company's Board of Directors of the documents mentioned above.

 

São Paulo, February 10, 2021.

  

Ana Paula Pessoa

Audit Committee Coordinator

 

Carlos Biedermann

Financial Specialist

 

Rodrigo Kede de Freitas Lima

Member

 

Marcelo Moses de Oliveira Lyrio

Member

 

 

 

 

STATUTORY AUDIT COMMITTEE OPINION

  

In the exercising of its legal and statutory attributions and in compliance with the provisions of item IX of article nº. 25 of CVM Instruction 480/09, Suzano’s Statutory Audit Committee has examined the parent company and consolidated financial statements for the year ending December 31, 2020, the Management Report and the report issued without qualifications by PricewaterhouseCoopers Auditores Independentes

 

There were no instances of significant divergences between the Company’s Management, the independent auditors and the Audit Committee with respect to the Company’s financial statements.

 

Based on the examined documents and the clarifications rendered, the undersigned members of the Statutory Audit Committee are of the opinion that the financial statements in all material respects are fairly presented and should be approved.

 

São Paulo, February 10, 2021.

  

Ana Paula Pessoa

Audit Committee Coordinator

 

Carlos Biedermann

Financial Specialist

 

Rodrigo Kede de Freitas Lima

Member

 

Marcelo Moses de Oliveira Lyrio

Member

 

 

 

 

OPINION OF THE EXECUTIVE BOARD ON THE CONSOLIDATED FINANCIAL STATEMENTS AND INDEPENDENT AUDITOR’S REPORT

 

In compliance with the dispositions of sections V and VI of article nº. 25 of CVM Instruction No. 480/09, the executive board of Suzano S.A., states:

 

(i)             reviewed, discussed and agreed with the Company's unaudited condensed consolidated interim financial information for the year ended December 31, 2020; and

 

(ii)            reviewed, discussed and agreed with the conclusion expressed in the PricewaterhouseCoopers Auditores Independentes review report on the Company's unaudited condensed consolidated interim financial information for the year ended December 31, 2020.

  

São Paulo, February 10, 2021.

  

Walter Schalka

Chief Executive Officer

 

Marcelo Feriozzi Bacci

Chief Finance Executive and Investor Relations

 

Aires Galhardo

Executive Officer Pulp Operations

 

Alexandre Chueri Neto

Executive Officer Forestry

 

Carlos Aníbal de Almeida Jr.

Executive Officer Pulp Commercial

 

Christian Orglmeister

Executive Officer - People Management, Strategy, IT and Digital

 

Fernando de Lellis Garcia Bertolucci

Executive Officer Research and Development

 

Leonardo Grimaldi

Executive Officer Paper