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Investor Presentaiton

52 Cargill 2020 Annual Report In our global operational strategy, we have defined as priority topics in the environmental sphere those that present critical impacts for the business and those we consider to be able to influence transformations. We have defined as priorities to protect forests, promote sustainable agriculture, reduce environmental impacts, help producers to adapt to climate changes and work to preserve and improve water quality. Cargill relies on a legal requirement management system, by means of which it monitors and assesses all applicable valid legislation to its businesses, as well as new legislation that is published, licenses and their conditioning factors. This process is the responsibility of the Environmental, Health and Safety (EHS) department. In 2021, we will complete nine implementation phases of the Compliance Management Project. This initiative involves different professionals from the EHS and Legal departments, with the purpose of trans- lating legal obligations into technical actions, monitor and take the necessary actions to ensure Cargill's legal confor- mity. GRI 103-2, 103-3 |307, 307-1 Climate change Strong rains, off-average temperatures and prolonged droughts that affect water supply are events that threaten the quality of our raw materials and food production and can lead to supply crises. Faced with the risks brought on by climate change, we work to reduce our emissions and pre- pare farmers to adapt while they seek to mitigate their own impacts. We have a resilient food system, but the challenge of meeting the food requirements of a growing population intensify with this scenario. In our market, the greatest impacts come from the supply chain. This is why we have set as our goal to reduce emis- sions among our suppliers by 30% per ton of product until 2030. On our side, we have committed to reduce absolute emissions by 10% until 2025, including direct emissions from sources belonging to or controlled by Cargill and indi- rect emissions generated by the energy we acquire. These objectives are in line with the Paris Agreement and with the goals presented by Science, which intend to not allow the global temperature increase to exceed 2 degrees Celsius. Our short-term focus is to develop reduction plans for our transportation sector. We are working with partners in trans- portation, logistics and other company areas to optimize operations involving more efficient equipment and cleaner fuels. We participate in the Decarbonization Task Force of the Global Maritime Forum, which intends to achieve carbon neutrality until 2050, and have established this goal for our businesses in sea transportation. Emissions GRI 103-2, 103-3 |305 Due to its diversification of products and services, Cargill has opted for monitoring the emissions of greenhouse gases in relation to their absolute value, with a reduction goal of 10% of the overall GHG emissions until 2025 in relation to the parameter of fiscal year 2017. The factories in Brazil have as a priority front energy con- sumption (thermal and electric). Our energy efficiency plan, updated annually, accounts for the reduction of CO₂ created by each consumption savings initiative. These calculations take into account current emission factors and also the impacts of strategic projects expected until 2025. GRI 305-4 See the data on emissions in the Attachments, page 74.
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