Project affected communities Klabin is planning to build a new mill, Puma II, in the state of Paraná, which will have a capacity of almost one million tonnes per year. The company has not made and Environmental Impact Assessment for the Puma II pulp mill, even though the project will almost double the capacity of the mill. No information was found regarding public consultation for this project, neither on Klabin's website, nor in that of the state's licensing agency IAP (as of June 2019).

There are several indigenous lands within the proximity of the Puma mill, which could be impacted by the expasion of the plantations. The company has not yet provided information about its process for seeking the Free Prior and Informed Consent (FPIC) for affected communities.

No Environmental Impact Assessment for Puma II pulp mill In April 2019 Klabin obtained an installation license for Puma II, without having done an Environmental Impact Assessment. Puma II pulp mill will require approximately 100,000 hectares of eucalyptus and pine plantations. Since the company argues this is an expansion of its existing mill, Klabin did not make an Environmental Impact Assessment for the project, although it will almost double the capacity of the mill. In the Preliminary Environmental Report it does not provide any detailed information on where it will source the required fibre from.

The new pulp line and paper machines will be located on the Tibagi river, where already two other Klabin mills are located. The Preliminary Environmental Report does not provide any detailed information on where the mill will source the required timber from, and also does not analyse the cumulative impacts of these three mills.

In 2017, Klabin issued USD 500 million of green bonds, followed by another USD 500 million in 2019. These bonds are marketed as providing an opportunity for investors to finance "green" projects. However, a study by EPN (2019) found that these bonds were largely used to finance business as usual activities such as "sustainable forest management", which includes the management of plantations and the acquisition of wood to feed the mill, and that they do not initiate a change towards a sustainable economy, but at best only make existing practices less harmful to the environment.