Investor Presentaiton

18 Cargill 2020 Annual Report Risk management GRI 102-11 Material topic: Risk management and financial instruments We work in line with the company's global risk committee. The main factors we are exposed to reflect strategic-oper- ational and economic-financial aspects. The strategic-op- erational risks are defined by our management model. Risk management and administration of financial instruments are the object of policies, definition of strategies and control systems. We rely on financial instruments to protect ourselves from exposure to the effects of exchange rate variations on com- mitments indexed to foreign currency, interest rates and reduce the risks of price volatility of agricultural commodities in the international market. The management of these instru- ments is done by means of operational strategies, focusing on liquidity, profitability and security. Climate change risks Climate changes, with the exacerbation of events it causes, such as storms, extended droughts, water crises and unusual hot or cold weather, impose direct and indirect risks to farm production, to the income of farmers and to food safety. This can result in crop failure, soil erosion, herd loss, seed contamination and a series of other impacts. According to the directives established by the global risks committee, we work to reduce emissions that cause climate imbalance, both in our operations (scope 1 and 2) as well as in the supply chain (scope 3). As part of our efforts to fight climate change and mitigate risks, we are developing solu- tions for our operations and our clients and suppliers (see more information on page 22). We invest in renewable energy to replace technologies with high emissions of greenhouse gases (GHG) and encourage producers to adopt measures that reduce, for example, emissions in the meat chain, in fertilizer use and during transportation. We also act for norms and legislation to make sustainable agricultural practices economically feasi- ble for farmers. With this, we want to assist our clients, who want to reduce emissions in the supply chain, and the clients of our clients, who seek food produced in a sustainable manner. Natural resource management and resilient food system The priority pillars for Cargill are to operate to feed the world in a safe, responsible and sustainable fashion and be a trustworthy partner for food, agriculture, financial and industrial services clients. The impacts that in some form preclude these principles are considered as risks that threaten our businesses. Our operation in Brazil works in alignment with the company's global risks committee

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