| Summary: | This paper demonstrantes the financial results generated by investments in clean development meachanisms (CDM) and in carbon credit generation (CCG) projects. The research was carried out in a big Brazilian company in the pulp industry, which has policies that are established and implemented in the area of sustainability and that between the years of 2006 and 2012, made siginificant investments in this area, especially in the creation of a co-generation plant for burning of biomass and the consequent generation of carbon credits, and the implementation of sewage treatement plant that enabled the use of sludge as a fertilizer, a fact that reduced the emission o gases. The investments and the results of the actions directed to CDM and CCG were identified through interviews with managers, monitoring of internal processes and analysis of sustainability and financial reports, the data also allowed the measurement of financial results for the period. The main conclusions were that the company’s participation in sustainbility projects added valeu to financial results of the company in the period studied, especially in profitability ratios, asses profitability and return on equity that had their percentages elevated due to revenues obtained from the sale of CO2 credits.
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