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Interview with Ignacio Goldsack CFO Empresas CMPC

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Interview with Ignacio Goldsack CFO Empresas CMPC

27 Sep 2021

1) Regarding administration and finance, what have been the main challenges faced by CMPC over the last two years?

I believe we’ve been able to continue growing and becoming more efficient every day without neglecting to meet our financial objectives. This has meant that we’ve maintained a solid capital and liquidity structure while advancing in the implementation of our strategy, regardless of the volatility and cycles we’ve faced.

In order to achieve this, it’s been essential to set up an excellent team that continues to work day by day, with enthusiasm and commitment, to improve processes and functions, hand in hand with each business unit.

2) What are the benefits of the financing achieved by CMPC through the three green bonds issued by the company?

There are many positive aspects. We started down this path in 2017, as the first Chilean company to issue a green bond in international markets. 

These issues have helped us align the management of our finances with CMPC's sustainability strategy. It has also been a tremendous opportunity to communicate to the market our objectives and initiatives in this area. Many of the investors we have contacted and who have participated in these issues now have a deeper understanding of our commitment as a company.

The capital market has grown strongly in this direction. More and more investors are looking for concrete targets from companies with respect to measures to mitigate climate change.

3) What are the main challenges facing CMPC in the future?

Today we have the challenge of continuing to look ahead and creating CMPC for the next 100 years. That is tremendously interesting and challenging. It’s a process of constant change, which demands the best from each of us. 

We have to continue growing, being efficient and profitable in what we do, while maintaining a long-term vision that continues to generate shared value for all our stakeholders. 

For this to be possible, I believe it’s key that we continue to seek excellence in what we do, in each business and area where we operate, and to do so with innovation, agility and a constant commitment to our values.

4) In this commoditized industry, how do you mitigate risks and what is CMPC doing in this regard?

I think it’s very important that we continue to add value with each of the products we offer to the market. Quality and innovation should be something that distinguishes us, as well as an excellent level of service to each of our customers. We must anticipate and be attentive to new trends and needs. 

CMPC is a well-diversified company in terms of products, markets, and customers, and this is a positive thing when facing cycles or situations with greater volatility.

5) As CMPC is a multinational company, what role do our foreign offices play in the management and search for opportunities? 

They’re essential in order to be able to connect with what’s happening with respect to different markets, cultures and trends. They facilitate effectiveness in many aspects of what we do on a day-to-day basis. It’s essential to be close to our customers, to deeply understand what they need and to be on time with solutions. 

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