Amaggi

COMMENTS AND DETAILS

• 1"We are committed to: [...] Guarantee, in its own units, and stimulate within suppliers, a conversion free operation [...] Our commitment to deforestation and conversion includes our agricultural production activities and our grain origination from rural producers. It applies to all locations where we operate, in and outside Brazil, including the Cerrado and Amazon biomes."

COMMENTS AND DETAILS

• 1AMAGGI is one of the signatory companies of the Soy Moratorium and can affirm that it does not sell soybeans from deforested areas after 2008, in the Amazon biome, whether they are legally or illegally opened. This commitment is confirmed through annual audits by a third party and AMAGGI has always achieved 100% compliance.

• 2AMAGGI commitments is towards a deforestation and conversion free grain chain as soon as possible. Some of its verification process shows that 99% of the volume of soy originated and tracked by AMAGGI in 2019/2020 is free from deforestation and conversion, after 2017, for soy. This reference year is used because it was in 2017 that AMAGGI published its Global Positioning and its commitment to a free deforestation chain. . This figure reaches 99.83% if we consider deforestation that occurred in 2019/2020 for soybeans.

COMMENTS AND DETAILS

• 1"We are committed to: [...] Guarantee, in its own units, and stimulate within suppliers, a conversion free operation [...] Our commitment to deforestation and conversion includes our agricultural production activities and our grain origination from rural producers. It applies to all locations where we operate, in and outside Brazil, including the Cerrado and Amazon biomes."

• 2"We are committed to: [...] Guarantee, in its own units, and stimulate within suppliers, a conversion free operation [...] Our commitment to deforestation and conversion includes our agricultural production activities and our grain origination from rural producers. It applies to all locations where we operate, in and outside Brazil, including the Cerrado and Amazon biomes."

• 3"We are committed to: [...] Guarantee, in its own units, and stimulate within suppliers, a conversion free operation [...] Our commitment to deforestation and conversion includes our agricultural production activities and our grain origination from rural producers. It applies to all locations where we operate, in and outside Brazil, including the Cerrado and Amazon biomes."

• 4"We are committed to: [...] Guarantee, in its own units, and stimulate within suppliers, a conversion free operation [...] Our commitment to deforestation and conversion includes our agricultural production activities and our grain origination from rural producers. It applies to all locations where we operate, in and outside Brazil, including the Cerrado and Amazon biomes."

COMMENTS AND DETAILS

COMMENTS AND DETAILS

COMMENTS AND DETAILS

• 1"Our commitment: -Respect and protect human rights, especially for traditional and indigenous communities, and family farming; -Respect the right to use the land, including the principle of free, prior and informed consent. " AMAGGI has been also a signatory since 2009 of UN international commitment to adopt principles related to Human Rights, labor relations, the environment, and the fight against corruption in all business practices. AMAGGI needs to be accountable through annual monitoring reports. Amaggi is also compromised with the Business Principles for Food and Agriculture (PEAA) and the eradication of all forms of slave-like work in Brazil. AMAGGI has been a signatory since 2005. Annually, the company submits the monitoring report to the InPACTO organization, reporting the actions taken to eradicate slave labor in the company's production chain. AMAGGI's actions on that front caused its monitoring reports to be released as benchmarking to InPACTO members. Other commtiments can be acess in our sustainability reports. AMAGGI has also the Code of Ethics and Conduct, now in its fourth version, that describes the standards of behavior adopted by AMAGGI, explaining and reiterating its commitment to the standards of conduct and zero tolerance for any misconduct.

COMMENTS AND DETAILS

COMMENTS AND DETAILS

• 1Respect land use right, including the principle of free, prior and informed consent. https://www.amaggi.com.br/en/interna/innovative-and-sustainable-performance/towards-a-chain-free-of-deforestation-and-conversion-of-native-vegetation/ (Link commitment to a Deforestation and Conversion Free grain chain – 2019 version)

COMMENTS AND DETAILS

COMMENTS AND DETAILS

• 1Innovation in the commercialization: process with traceability guarantee and the verification of socio-environmental criteria automation, at a total level, for each purchase lot generated;

COMMENTS AND DETAILS

• 1"AMAGGI HAS LARGELY EVOLVED IN MAPPING, MONITORING AND IDENTIFYING THE ORIGIN OF ITS GRAIN SUPPLIERS AT A TOTAL LEVEL OF THE FARMS (and not just a geographical coordinate). Of the 86% of suppliers monitored with only one coordinate in the 2018/2019 crop, we reached, in the 2019/2020 crop, 98% traceability of the volume of their direct suppliers in the priority jurisdictions."

COMMENTS AND DETAILS

COMMENTS AND DETAILS

• 1The Sustainability Committee was reformulated in 2016 and will begin to operate in a new format in 2017 (Risk Committee). One of the attributions of these committees is to identify and regularly measure the main financial, environmental and social risks to which the company is exposed, besides defining prevention and mitigation measures and procedures. Juliana Lopes is the Amaggi´s Director of Sustainability, Communication and Compliance of Amaggi and Executive Director of The André E Lucia Maggi Foundation. As a director (high level management position), she integrates the Executive Board and is responsible for the sustainability strategy discussions and definition at the highest level of management in the company, including Board of Directors and shareholders.

COMMENTS AND DETAILS

• 1The targets are linked mainly to the socio-environmental issues and forest related risks. The social and environmental targets compose the result for profit distribution to all managers and employees of the company.

COMMENTS AND DETAILS

• 1AMAGGI Reporting Channel: www.canaldedenuncia.com.br/amaggi or 0800 647 0004.This is an exclusive AMAGGI channel for safe and, if desired, anonymous communication, of conduct considered unethical or that violates ethical principles and standards of conduct. conduct of the company and / or current legislation

• 2AMAGGI Reporting Channel: www.canaldedenuncia.com.br/amaggi or 0800 647 0004.This is an exclusive AMAGGI channel for safe and, if desired, anonymous communication, of conduct considered unethical or that violates ethical principles and standards of conduct. conduct of the company and / or current legislation

• 3Claims and reports are analyzed and resolved by a specialized team and confidentiality is guaranteed by law.

• 4All complaints are investigated and returns are available to the claimant and the compiled information is available annualy on the sustainability report.

• 5AMAGGI Reporting Channel: www.canaldedenuncia.com.br/amaggi or 0800 647 0004.This is an exclusive AMAGGI channel for safe and, if desired, anonymous communication, of conduct considered unethical or that violates ethical principles and standards of conduct. conduct of the company and / or current legislation

COMMENTS AND DETAILS

• 1The last report was published in October 2020 and is available on our website.

• 2The last report was published in October 2020 and is available on our website.

COMMENTS AND DETAILS

• 1Currently, AMAGGI risk management is in charge of two areas, with different tasks and attributions: Market and Liquidity Risk and Compliance Risk. The former analyzes the risks that impact the business of the company and its joint ventures, such as foreign exchange, interest, and commodities, while the latter does integrated analysis of strategic and business risks, covering internal and external factors related to compliance of Company activities with rules, laws, regulations, as well as transparency and governance standards. Both areas work to protect and improve business in order to maximize opportunities and maintain a balance between risks and opportunities.

• 2Currently, AMAGGI risk management is in charge of two areas, with different tasks and attributions: Market and Liquidity Risk and Compliance Risk. The former analyzes the risks that impact the business of the company and its joint ventures, such as foreign exchange, interest, and commodities, while the latter does integrated analysis of strategic and business risks, covering internal and external factors related to compliance of Company activities with rules, laws, regulations, as well as transparency and governance standards. Both areas work to protect and improve business in order to maximize opportunities and maintain a balance between risks and opportunities.

COMMENTS AND DETAILS

• 1In addition to using the ORIGINAR system, as evidence that Amaggi has a policy or process for procurement teams and trading desks to assess compliance against its commitments and include that in decision making, we can share the following informations / evidences: - There is an internal procedure for grain purchases that must be followed by the purchasing area, procurement teams, trading desks and other areas involved in any type of commercial relationship. This procedure includes the nencessity to carry out socio-environmental assessment prior to the acquisition of grains. This procedure is "IT-0533 Avaliação Socioambiental de Fornecedores de Grãos" (in english IT-0533 Social and Environmental Assessment of Grain Suppliers), which is part of the company's environmental management system - which is audited (third party verification) and ISO 14.001 certified. - Amaggi conducts regular training with 100% of its employees regarding the company´s socio-environmental requirements / criteria for grain acquisition. - The purchasing area, procurement teams, trading desks receive regular training (at least once a year) on the socioenvironmental requirements / criteria for commercializing grains and they are treined to use the ORIGINAR system. - Amaggi conducts internal and external audits (third party verification) to assess the compliance of the purchasing area, procurement teams, trading desks in relation to meeting the socioenvironmental criteria. - The Amaggi´s Guarantee of Origin: Socio-Environmental Purchasing Criteria are: In order to guarantee responsible grain purchase, we evaluate 100% of our suppliers based on established Socio-Environmental Criteria; Sustainability principles to be met. We are committed to not purchasing grain from: - Areas embargoed by IBAMA - Areas embargoed by SEMA/MT - Soy Moratorium (Amazon conversion after 2008) - Areas that break the Pará Green Grain Protocol - Indigenous Lands and Conv

• 2The purchase, procurement and trading teams have access to the lists related to the Amaggi´s Socio-Environmental Purchasing Criteria - the lists can be found integrated into the company's ERP systems: ORIGINAR system, SAP, purchasing system. These lists are inserted into the AMAGGI system, thus, the system itself blocks commercialization when a restriction is detected. Only the sustainability area has a lift in the system for unlocking. Thus, the Origination area is unable to continue trading when there is an irregularity. The purchasing team, procurement team and trading desks receive regular training (at least once a year) on the socioenvironmental requirements / criteria lists for grains purchase (based on e.g. IT-0533) and they are treined to use the ORIGINAR system. Amaggi conducts internal and external audits (third party verification) to assess the compliance of the purchasing area, procurement teams, trading desks in relation to meeting the socioenvironmental criteria and use of these lists

COMMENTS AND DETAILS

• 1In order to guarantee a responsible purchase of grains, AMAGGI evaluates 100% of its suppliers based on established socio-environmental criteria, aiming at environmental protection and respect for human rights, constituting minimum sustainability principles that must be met: • AMAGGI does not carry out the commercialization of grains from areas that have been blocked due to deforestation or have restrictions on agricultural activity issued by IBAMA. • AMAGGI does not sell grains from areas that are embargoed by SEMA-MT due to deforestation or restrictions on agricultural activity. • AMAGGI does not trade with productive areas located on Indigenous Lands and Integral Protection Conservation Units. • Through the Soy Moratorium, AMAGGI undertakes not to acquire soybeans from areas deforested after 2008 in the Amazon biome. • AMAGGI does not trade with any person or company that is part of the Dirty List of Slave Labor. • AMAGGI is committed to selling, in the state of Pará, only to producers that meet the guidelines of the Green Grain Protocol. Suppliers that present any of the above restrictions have their registration blocked, and are prevented from trading with the company until they regularize their situation or prove that there are no irregularities in the grain’s area of origin and that they fully meet the established criteria.

COMMENTS AND DETAILS

• 1The time to provide assistence for suppliers that are non-compliance with socio-environmental criterias and law: 1. When the non-compliance is related to not comply / meet the Amaggi´s Socio-Environmental Criteria for grains purchase there is no deadline to remedy or resolve non-compliance. When it occurs the supplier is block immediate and can only have business relation with AMAGGI after solving the situation. However, AMAGGI informs the supplier about the detected irregularity and provides all possible information and guidelines for regularization (immediately after detecting the problem and the blocking). The supplier remains unable to trade with AMAGGI until a total regularization. In the case of other types of non-conformities detected in field visits (not the lists related to socioenvironmental criteria), AMAGGI registers the point of improvement in the producer evaluation form and informs him that the solution and regularization will be checked again during the visit of the producer. next year. 2. Certified producers with non-compliance: The company is responsible for the certification their suppliers - it means that Amaggi is the responsible for: ensure continuous improvement in the properties social and environamental conditions and management; supporting suppliers to address non-compliance; carry out certification of their properties. To make this possible, Amaggi has a team dedicated exclusively to visit all producers and carry out a social and environamental assessment in their properties. In case of non-compliance Amaggi develops an action plan for each one to improve and meet the criteria required by RTRS, ProTerra, ARS, among others. For example, to resolve critical non-conformities, the producer has up to 30 days. During this period the producer receives orientation and support of Amaggi team. These producers also undergo an external audit verified by a third party. Note: Amaggi is the company w

COMMENTS AND DETAILS

• 1In order to ensure the adoption of responsible practices throughout the production and supply chain, AMAGGI promotes a wide range of monitoring, guidance, and incentive efforts for the continuous improvement of socio-environmental management with partner rural producers. This involves making a socio-environmental diagnosis,technical visits, and internal audits with AMAGGI teams.

• 2In order to ensure the adoption of responsible practices throughout the production and supply chain, AMAGGI promotes a wide range of monitoring, guidance, and incentive efforts for the continuous improvement of socio-environmental management with partner rural producers. This involves making a socio-environmental diagnosis,technical visits, and internal audits with AMAGGI teams.

• 3In the AMAGGI grain and fiber supply chain there are approximately 4,500 thousand rural producers.

COMMENTS AND DETAILS

• 1since 2011 AMAGGI has been a partner of the The Nature Conservancy with the main objective of promoting environmental suitability and forest restoration in rural properties. In 2019, the partnership was renewed, with the general objective of developing a plan to disseminate the benefits of good agricultural practices and restoration of ciliary forests (according to the Native Vegetation Protection Law), in order to increase areas properties and landscapes resilience, and stimulate the expansion of soy production, and other associated crops in already open areas, as an alternative to deforestation in the region surrounding the BR-163 Highway and Vale do Araguaia.

COMMENTS AND DETAILS

• 1"AMAGGI also has procedures for the implementation of new projects that may cause some socio-environmental impact in the regions as a result of its own operations and the value chain, whether related to construction, expansion, renovation or new activities. These procedures include prior environmental assessment of locations, evaluation of critical suppliers, and identification of socio-environmental aspects and controls, among others."

COMMENTS AND DETAILS

• 1"Remediation:Aware that some types of occurrences can cause environmental, social and local community damage, the company has prevention, awareness and contingency actions to mitigate impacts. AMAGGI has internal procedures to prevent and address occurrences of environmental accidents and maintains a contract with a company duly qualified to carry out collection, incineration of products and even remediation of the affected area, if necessary. In addition, each of its units has an Individual Emergency Plan, which presents the different emergency scenarios mapped for each type of activity."

• 2COMMITMENT TO ZERO DEFORESTATION AND EXPANSION OVER OPEN OR DEGRADED AREAS: AMAGGI owned areas are free of deforestation and native vegetation conversion for agricultural production, at least since 2008. All AMAGGI farms are committed to responsible expansion of agricultural production in already open areas. AMAGGI has project of restoration of riparian forests in areas deforested before 2008, according to the Brasilian Forest Code.

• 3If ilegal deforastation after 2008, the brasilian Forest Code require the land restoration (Legal Reserve).

COMMENTS AND DETAILS

COMMENTS AND DETAILS

• 1 "Socio-environmental assessments of suppliers that offer risks are carried out using the ORIGINAR tool, which, after considering their sustainability criteria, generates a socio-environmental statement of the property and the producer. The tool is continuously evolving to meet the demands of other company areas, such as Origination, Inputs, and Legal, with the objective of strengthening the management, monitoring, and traceability of the companys grain chain"

• 2The last report was published in October 2020 and is available on our website.

COMMENTS AND DETAILS

• 1 "Socio-environmental assessments of suppliers that offer risks are carried out using the ORIGINAR tool, which, after considering their sustainability criteria, generates a socio-environmental statement of the property and the producer. The tool is continuously evolving to meet the demands of other company areas, such as Origination, Inputs, and Legal, with the objective of strengthening the management, monitoring, and traceability of the companys grain chain"

• 2The last report was published in October 2020 and is available on our website.

COMMENTS AND DETAILS

• 1"Socio-environmental assessments of suppliers that offer risks are carried out using the ORIGINAR tool, which, after considering their sustainability criteria, generates a socio-environmental statement of the property and the producer. The tool is continuously evolving to meet the demands of other company areas, such as Origination, Inputs, and Legal, with the objective of strengthening the management, monitoring, and traceability of the companys grain chain"

• 2The last report was published in October 2020 and is available on our website.

COMMENTS AND DETAILS

• 1The monitoring protocols of soy moratorium is developed by civil society. There is participation of the society in other evaluation process (commitiments and audits).

• 2Its entire process of verifying the criteria, especially the Soy Moratorium and the Green Grain Protocol commitment, is verified annually through third party audits. AMAGGI has always achieved 100% compliance

• 3Although the third-party audit has not yet taken place, the results on deforestation in AMAGGI progress report 2019 was produced by academy (Lavras University).

COMMENTS AND DETAILS

• 198% of the volume of grains traded with direct suppliers, from priority jurisdictions, are tracked and monitored by polygon; 99% of the originated volume tracked in 2019/2020 is free from deforestation and conversion, after 2017, to soybeans;

• 298% of the volume of grains traded with direct suppliers, from priority jurisdictions, are tracked and monitored by polygon; 99% of the originated volume tracked in 2019/2020 is free from deforestation and conversion, after 2017, to soybeans;

COMMENTS AND DETAILS

• 1The evolution of the mapping process, monitoring of direct suppliers and traceability of volumes sold in priority jurisdictions, allowed AMAGGI to analyze the incidence of deforestation in its supply chain and, consequently, the challenges to reach its commitment: Towards a deforestation and conversion free chain. As AMAGGI is part of the Soy Moratorium it does not allow any legal or illegal deforestation in the Amazon Biome to enter its chain, the deforestation analysis was carried out on the basis of monitored suppliers in the Cerrado biome, referring to the volume traded and tracked in the 19/20 crop, reaching the following conclusions: - 99% of the volume of soy originated originated and tracked by AMAGGI in 2019/2020, after 2017, is free from deforestation and conversion, after 2017. This reference year is used because it was in 2017 that AMAGGI published its Global Positioning and its commitment to a free deforestation chain. In the same year, AMAGGI published for the first time its Global Positioning and commitment to deforestation. This figure reaches 99.83% if we consider deforestation that occurred in 2019/2020. Although the third-party audit has not yet taken place, the results on tracked deforestation in AMAGGI progress report 2019 was produced by academy (Lavras University).

• 2To analyze soybean areas, the volumes sold and tracked by the company in the 19/20 crop were considered. The Land Use Classification and Land Use Change were prepared by the Vega Monitoramento consultancy, a company that belongs to the Image Group and the Federal University of Lavras Foundation (UFLA), following UFLA's monitoring methodology.

COMMENTS AND DETAILS

• 1AMAGGI has the 2 primary biomes, both from the point of view of volume, as well as risk of deforestation and loss of biodiversity. Thus, due to the commitment to the Soy Moratorium and the significance of the volume originated in the Amazon biome, all municipalities in this region are considered a priority in the search for biodiversity conservation and sustainability. The origination estimate in this biome is 45.5% of the volume originated by AMAGGI in Brazil. The state of Mato Grosso is made up of the two main biomes, Amazon and Cerrado, and is considered a higher priority jurisdiction for AMAGGI due to the risk of deforestation still existing and the representativeness of the volume originated (about 63% of the total) by AMAGGI, with 47% of this volume coming from the Cerrado. In the Cerrado biome, the volume originated by AMAGGI represents 37.5% of the total in Brazil. These priority jurisdictions (Amazon biome and the state of Mato Grosso) represent 75% of the total volume of soy originated in Brazil by AMAGGI, covering a total of 159 municipalities. The other 25% of the company’s origination in Brazil is in regions already consolidated, such as the South and Southeast (17%) and, to a lesser extent, in the states of Mato Grosso do Sul (2%) and Goiás (6%).

• 2This data has been calculated by Trase.earth, not disclosed by Amaggi

• 3This data has been calculated by Trase.earth, not disclosed by Amaggi

COMMENTS AND DETAILS

• 1Although the third-party audit has not yet taken place, the results on tracked deforestation in AMAGGI progress report 2019 was produced by academy (Lavras University).

• 2These priority jurisdictions (Amazon biome and the state of Mato Grosso) represent 75% of the total volume of soy originated in Brazil by AMAGGI, covering a total of 159 municipalities.

• 398% of the volume of grain traded with direct suppliers, from priority jurisdictions, is tracked and monitored by polygon

COMMENTS AND DETAILS

• 1Although the third-party audit has not yet taken place, the results on tracked deforestation in AMAGGI progress report 2019 was produced by academy (Lavras University).

• 2"To analyze soybean areas, the volumes sold and tracked by the company in the 19/20 crop were considered. The Land Use Classification and Land Use Change were prepared by the Vega Monitoramento consultancy, a company that belongs to the Image Group and the Federal University of Lavras Foundation (UFLA), following UFLA's monitoring methodology. "

COMMENTS AND DETAILS

• 1Percentages reported, not volumes: VOLUME ORIGINATED BY AMAGGI IN BRAZIL BY BIOME: - 45,5% Amazon; - 37,5% Cerrado; - 17% Others. VOLUME ORIGINATED IN BRAZIL BY REGION: - 12% North; - 0% Northeast; - 71%Midwest; - 5% Southeast; - 12% South. In addition to Brazil, AMAGGI also originates grains in Paraguay and Argentina. However, the volume acquired from these countries represent less than 10% of AMAGGI’s origination in Latin America.

COMMENTS AND DETAILS

• 1The last report was published in October 2020 and is available on our website.

• 2The last report was published in October 2020 and is available on our website.

• 3The last report was published in October 2020 and is available on our website.

COMMENTS AND DETAILS

• 1 Amaggi publishes an interactive Google maps showing the locations of all of its business operations, including farms and processing facilities.

COMMENTS AND DETAILS

COMMENTS AND DETAILS

• 1FARM AGUA QUENTE (own production)

• 2 "The AMAGGI Responsible Standard can be applied either to the farms owned or leased by the company, as well as those of soy and corn suppliers. An annual internal audit will be carried out on all farms in the group and an external audit will be performed in sample areas by an independent body with knowledge and accreditations for audits on sustainability standards, especially for grains cultivation. The creation of this Standard also includes the sustainability veto criteria for grain commercialization, applied to 100% of the supply chain, through its AMAGGI Responsible Grain Chain Program, as follows: [...] Veto to areas in integral protection conservation units; Veto to areas embargoed by the IBAMA for deforestation; Veto to the areas embargoed by state environmental agencies; Veto to areas deforested after 2008 in the Amazon biome (Soy Moratorium)" https://www.amaggi.com.br/en/sustainability/amaggi-responsible-standard/ ; "We are committed to: [...] Guarantee, in its own units, and stimulate within suppliers, a conversion free operation [...] Our commitment to deforestation and conversion includes our agricultural production activities and our grain origination from rural producers. It applies to all locations where we operate, in and outside Brazil, including the Cerrado and Amazon biomes."

COMMENTS AND DETAILS

COMMENTS AND DETAILS

COMMENTS AND DETAILS

COMMENTS AND DETAILS

COMMENTS AND DETAILS