Application of Sustainable Projects in the Paper Industry in Rio de Janeiro

Abstract

This chapter analyzes the environmental, social, and governance (ESG) risk management practices currently used in sustainable projects in the paper industry in the state of Rio de Janeiro. This is exploratory research in which a case study was carried out supported by structured interviews with 17 specialists who work in the main paper industries in Rio de Janeiro. The results indicate that the approaches of preliminary risk analysis, failure mode analysis, and WHAT–IF (WI) are the main practices used by the consulted managers. These practices are incomplete, in the search for convergence of objectives and expansion of the life cycle of products and processes, as they comprise industrial processes in a fragmented way, without systematically covering the entire life cycle of products or the socio-environmental interests of the community. Critical points for sustainable industrial projects were also pointed out as the possibility of a power outage in the global economy and society's lack of adaptability to the ongoing structural changes.