ENCE Energía y Celulosa S A : , recognized for its environmental, social and good corporate governance performance

Ence Energía y Celulosa is firmly committed to respecting the environment and sustainability in all its operations. This effort has been recognized by MSCI ESG RESEARCH which, in its latest ESG report (that is, relating to environmental, social and good corporate governance issues) has raised the company's rating from 'A' to 'AA'.

These reports are intended to measure the exposure to industry-specific ESG risks and the ability of companies to manage such risks, relative to other companies in their sector, with CCC being the worst valuation and AAA the highest.

In order to decide on this upgrade of Ence's rating, MSCI ESG RESEARCH has especially valued the progress made in its raw material supply policy and in its water use management.

He also highlighted the company's solid anti-corruption policies, along with its good corporate governance practices, which are leading in its sector.

The implementation of a traceability system for raw materials, as well as participation in external sustainable sourcing standards have been other points that have led Ence to improve your rating.

Ence's activity is based on the use of raw materials of biological, renewable and indigenous origin. With these natural products, cellulose of the highest quality is manufactured with which a variety of paper products for everyday use are produced, respectful of the natural environment and recyclable.

Ence also generates renewable energy with low-emission agricultural and forest biomass that contributes to mitigating climate change, prevents fires in the mountains and the polluting burning of agricultural remains in the fields. In addition, it favors and encourages the creation of employment, mainly rural.

DISCLAIMER STATEMENT

THE USE BY ENCE ENERGIA Y CELULOSA, S.A. OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES ('MSCI') DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF ENCE BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED 'AS-IS' AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.