ESG PRESENTATION

EXAMPLE CUSTOMER DISCLOSURE TOWARDS LOW CARBON FUTURE SYNLAIT MILK NUTRITION COMPANY - Synlait's aim is to have a net-positive impact on the planet and re-imagine all aspects of its business for a low emissions future. To meet this aim, Synlait has reviewed its environmental footprint and developed Sustainable Innovation Platforms that inform its actions around environmental stewardship. Below is a summary of the initiatives they are taking to mitigate carbon emissions across their value chain. Synlait Company Goal Targets Initiatives On-farm Off-farm Contribute to the Paris Agreement target of staying well below 2°C of warming by 2100, and ideally, 1.5°C ⚫ On-farm climate target: 35% reduction in GHGs per kg of milk solids by 2028 (against 2017/18 base year) Farmer suppliers account for 81% of company GHG emissions (on-farm emissions). • Off-farm climate target: 50% reduction in GHGs per kg of product by 2028 (against 2017/18 base year) • 19% of its emissions are off-farm (manufacturing, supply chain) • Providing farms with access to practical on-farm GHG mitigation options; Providing incentive payments to farmers to implement a variety of GHG reduction measures; Research completed on the sources of nitrous oxide emissions and the impacts of various mitigation options; also exploring methane inhibitors Providing incentive payments to farms that are palm kernel expeller (PKE) free Conducting research into regenerative farming to understand how to measure and improve soil health • • • Installation of a large-scale electrode boiler at a new fresh milk plant; successful trials conducted in FY20 on replacing the use of coal with wood pellets on a single boiler Focus on electrifying its operations wherever it can, including replacing LPG powered forklifts with electric versions Use of life cycle analysis (LCA) to evaluate lower emissions product packaging options; and Aiming to divert 99% of non-hazardous manufacturing waste away from landfill by 2028 ANZ 45

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