About this Report

In this 2007 edition, Aracruz Celulose is seeking to offer an even more integrated view of the Company's economic, social, and environmental performance in a single report which reflects its strategy for sustainable growth:

• VALUE CREATION: actions designed to increase Aracruz's value for shareholders and society, based on the best corporate governance practices.
• CUSTOMER SATISFACTION: initiatives that seek to anticipate, satisfy, and exceed the needs of our customers, and contributing to the establishment and maintenance of long-term commercial relationships
• INTERNAL PROCESSES: actions to enhance our internal procedures, improving the quality of the products and services we offer, striving to maintain high standards of social and environmental responsibility throughout the production chain.
• LEARNING AND DEVELOPMENT: programs to ensure a favorable internal environment so the people who are responsible for the Company's success can fully develop their capabilities and engage in actions that support a constructive relationship with all our stakeholders.

As in the previous year, we seek greater compliance with the Global Reporting Initiative (GRI) by publishing a cross-index that reflects GRI's indicators as well as those forming the UN's Global Compact program. Although we are not fully following the GRI model, it is our intention to be transparent in our reporting and to make it easy to find pertinent information.

Sustainability aspects of our operations in the Barra do Riacho, Espírito Santo, and Guaíba, Rio Grande do Sul units are included in this report.

The activities of Veracel, a joint venture with the Swedish-Finnish company Stora Enso in which Aracruz has a 50% ownership stake, are presented in condensed form here, as well as in the Financial Statements at the end of this report. Information about Portocel is reported only in the operating and financial sections. The activities of Aracruz Produtos de Madeira, in which Aracruz holds a one-third ownership stake, are not within this report's scope.

Financial and legal information regarding Mucuri Agroflorestal, an Aracruz subsidiary in the field of forestry and eucalyptus reforestation through land loan agreements, is included in this report.

As in previous years, this report was submitted for independent verification by Bureau Veritas Certification to guarantee the consistency and accuracy of the information offered, as well as comparability, reliability, periodicity, materiality, inclusion of stakeholders, and sustainability context. This report was also evaluated by two independent readers, whose perceptions are presented here.

Aracruz invites readers to send in comments and suggestions so that we can improve our reporting and satisfy expectations. Contact information can be found here.