Agrocrops Sustainability Report -2023

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SUSTAINABILITY REPORT 2023

Peanuts stand out as a crop with remarkable regenerative properties, thanks to their origins in the dry, harsh environments of Peru. The evolutionary journey of peanuts has endowed them with several key traits that make from their wild ancestors, allow modern peanuts to thrive in a variety of conditions while promoting soil health and ecological balance.

Economic Foundations

Adaptation to Drought

Carbon Sequestration

Symbiotic Relationships

Peanuts as a Sustainable Crop for Regenerative Farming Peanuts became a regenerative crop due to their evolutionary history, nitrotion. These traits, inherited from their wild ancestors, make peanuts a resilient and sustainable choice for modern agriculture. By integrating peanuts into cropping systems, farmers can enhance soil health, reduce dependency on chemical inputs, and promote a more sustainable and regenerative agricultural ecosystem. Peanuts' ability to thrive in challenging conditions while improving soil fertility and conserving resources underscores their vital role in sustainable farming practices.

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Welcome to the 2023 Sustainability Report of Agrocrops, our valued partner in peanut contract farming. Our Farmer Producer Organization, Nallavur, consists of 1000 smallholder farmers with 85% of women farmers, with 50-55% dedicated to groundnut cultivation, and many of them are women farmers.

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Mrs. Govindama Nallavur Farmer Producer Company Villupuram, Kotteripattu Peanut Acreage: 5 acres

Sincerely, Mrs. Govindama Nallavur FPO 3

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Key Impact Indicators Key Partners Impact Approach Letter from CMD About Agrocrops Peanuts 2023 Recognitions Standards & Certifications Materiality Assessment ESG Materiality Matrix Stakeholder Engagement Our SDG Priorities Sustainability Statistics

Social

ENVIRO

NMENT

Peanuts & Us 6 7 8 9 10 13 14 15 16 17 18 19 20

Environment Sustainability in the Peanut Industry Our Sustainability Vision Climate Change Water Stewardship Waste Management Peanut or Nothing

Innovation & Research

22 23 24 25 26 27

Peanut Industry Gaps Workforce Welfare Workforce Diversity Health & Safety Food Safety Food Security Community Engagement HOPE

29 30 31 32 33 34 35 38

Research & Development Black Gold The Carbon CEO Talk on Carbon

41 42 44 45

Governance Corporate Governance Governance Approach Governing Principles Responsible Social Engagement Framework Governance & Policies Child Labour Prohibition Forced Labour Sustainable Supply Chain Sustainable Sourcing Traceability Fairtrade Our KPIs

47 48 49 50 52 53 54 55 56 58 59 60

Annex

Annex Net Zero Gri Index Disclaimer

62 64 66

Seeing the Peanut with Us.

In this section : Key Impact Indicators Key Partners Impact Approach Letter from CMD About Agrocrops Peanuts 2023 Recognitions Standards & Certifications Materiality Assessment ESG Materiality Matrix Stakeholder Engagement Our SDG Priorities Sustainability Statistics

06 07 08 09 10 13 14 15 16 17 18 19 20

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Free Seed Distribution – HOPE Initiative

Fairtrade

FPO Engagement

350

68 metric tons

19,399

Number of Farmers Supported Up to

$80 per ton Benefits per Farmer

6,774

$110 per ton

Women Members

Premium Shared

31,182 Total Acres Covered

Farmers training Programs

Support Provided

24

Bio-inputs Distributed: Ŕ /1, /JUSPHFO

Programs Conducted, Covering Topics such as:

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1SBDUJDFT 1P1

826 Farmers Benefited

ANNEX

Cargo Purchased in 2023

Total Members

Tamil Nadu and Andhra Pradesh Geographical Coverage

US$180k FPO Procurement in 2023

Infrastructure Development: Ŕ &TUBCMJTIFE B DPNNPO )JSJOH $FOUFS XJUI 4FFEMJOH .BDIJOFT BOE 4QSBZFST

Additional Activities

Ŕ '10 &OHBHFNFOU BOE %FWFMPQNFOU

25

FPO Partnerships:

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FPOs

Foundations

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Clients

Key Partners Our approach is circular, as is our partnership. In the peanut industry, we excel at connecting the dots. By playing a central role, we leverage the strengths of our partners while complementing them with our own, fostering mutuality.

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Our principles in business guide us in choosing projects, initiatives and strategies that not only create immense value but also leave a lasting impact on our ecosystem. What ignites our decision-making process? What keeps us moving forward and committed? What drives us to be pioneers in our endeavours?

FEMALE MENT

Our vision and purpose to create a meaningful impact are guided by the following principles. We choose our actions based on these yardstick: 8JMM UIF DIBOHF JNQSPWFNFOU PS SFJNBHJOJOH GPS UIF HSFBUFS HPPE SFTVMU JO B MBTUJOH JNQBDU 8JUIJO UIF BWBJMBCMF PQUJPOT EP XF IBWF B NJDSP PS NBDSP DJSDVMBSJUZ JO NPUJPO

BETTER NUTRITION

REGENERATIVE AGRICULTURE

CIRCULAR ECONOMY

FOOD SECURITY

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BETTER EDUCATION

BETTER LIVELIHOOD

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Through our ESG priorities we support the following SDGs:

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AGROCROPS | SUSTAINABILITY REPORT 2023

It gives me great confidence to present Agrocrops’ second Sustainability Report, showcasing our progress in this core strategy. For Agrocrops, sustainability means going beyond the status quo with innovative, disruptive and revolutionary changes that create lasting, positive impact.

We recognise our accountability to innovate, reduce our environmental impact, support our communities, and ensure the long-term sustainability of the peanut industry. This report showcases the industry’s advancements in sustainable agricultural practices through future.Overall, the second sustainability report showcases Agrocrops’ commitment to sustainability and continuous improvements in its global operations.

Some of our significant accomplishments in 2023 have been our dedicated focus on peanut and planet. It reflects our radical approach.

After two years of dedicated work with over 19,399 farmers and 23 Farmer Producer Organizations (FPOs), we commercialized the HOPE sales. The first commercially produced shipment was sent to one of UNICEF's manufacturers, Hilina Enriched Foods PLC in Ethiopia. We are grateful to Ms. Hilina Belete and the Nutriset Group for trusting us to supply these highly nutritious peanuts for the production of Plumpy’Nut. Once again, we have upheld our farm-to-gate strategy while creating impact across the value chain.

Our sustainable agricultural practices expanded by 1844% to encompass over 31,182 acres in 2023. This growth is a testament tion, certified seeds, and fair prices were implemented to emphasize regenerative agriculture.

-

Looking forward, we are committed to continuous enhancement. Using the momentum from this report, we will establish new goals, broaden our sustainability initiatives, and foster innovation within the peanut industry.

Our progress is made possible by the dedication of our employees, the support of our partners, the trust of our valued farmers and FPOs, and the trust of our customers and stakeholders. Together, we are crafting a future where sustainable practices propel growth and prosperity for everyone.

Bhavani Saravanan Group Chief Managing Director 9

We manage global peanut origins and supply chain operations, operating in every value chains from farm to factory to consumer products.

Our research and development focuses on seed improvement, collaborating on technology development, identifying new technologies for adoption in the peanut industry, and finding solutions to address industry challenges like biowaste. Additionally, we work on enhancing product shelf life and driving new product innovations.

56 With 56 years of extensive peanut industry experience, we are a second-generation family business. Supported by an exceptional team, we manage global peanut origins and supply chain operations, operating in every value chains from farm to factory to consumer products.

Innovation

Quality

Sustainability

Our approach to innovation focuses on disrupting the norm and reengineering the status quo. For instance, we view industry waste as raw material to create something new.

Our quality strategy is the key driver of our business growth. Investments in technology adaptation and quality benchmarks fuel this progress.

Sustainability isn’t just parallel to our business; it’s integral. We focus on ESG impact, aiming for circularity while benefiting people and the planet.

% 90% 1840% 35% 16% 3320% Coverage of global peanut origins in our sourcing activities.

Over a 1840% increase in upstream activities, including contract farming and training programs.

of the smallholder farmers we support are women.

Rise in Employee Benefits.

Increase in HOPE (High Oleic Peanut) sowing since 2022.

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About Agrocrops

We manage global peanut

Pursuit of Excellence

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As peanut industry pioneers, Agrocrops’ B2B brands establish global quality benchmarks such as Pnutking. Our primary focus is delivering value through innovation and re-engineering in an otherwise underdeveloped and under-invested industry. Our core strategy has been to create a people oriented company, re-engineer to go forward and enable quality as a growth driver.

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FPO

In our pursuit of fostering integration, reengineering, and innovation, we remain committed to maintaining strong governance practices.

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INNOVATION & RESEARCH

Why is Agrocrops a leader in peanut sustainability?

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Originating as a trading firm with a capital of US$23,000, Agrocrops transformed its operations through two key strategic initiatives: reengineering, Which involved Streamlining inefficient marketsystems, and integration, which entailed connecting various elements to unlock value. These strategic moves have been instrumental in shaping the company into what it is today. Our journey has taken us from trading to processing, then into farming, and ultimately into manufacturing and distribution.

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As peanut visionaries, we aim to redefine standards and benchmarks rather than just meeting them. We seek ways to achieve greatness together, believing that we rise by lifting others. These values lead our way. Agrocrops strives to transform the peanut industry for the better by relentlessly pursuing excellence in everything we do.

ac te

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AGROCROPS | SUSTAINABILITY REPORT 2023

farmers n e m wo

farming land f o ge a e acr

FPO Turnover

2200 RISE IN FPOs CONTRACTED FOR FARMING

1840 RISE IN SMALLHOLD FARM MEMBERS

697 RISE IN SMALLHOLD WOMEN FARMERS

1844 RISE IN FARMING LAND ACREAGE

2444 RISE IN FPO TURNOVER

Geographical Coverage: Tamil Nadu and Andhra Pradesh 11

About Agrocrops Global Presence

Revenue Breakups

5

"Accelerate Business Growth through Quality, Innovation and Re-engineering of the Peanut Industry.

32 USA China

Gujarat Senegal

Karnataka

India

Thailand Andhra Pradesh

Hong Kong

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Vietnam Philippines

Tamil Nadu Medan

Singapore

Indonesia Jakarta

Our Mission

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"As Peanut Visionaries, we’re Determined to Build a better Industry for Farmers, Buyers, Distributors, Value-adders, Manufacturers, and Consumers. So that we can all be Part of an Industry that Works.”

US T E .J

Mozambique

63

Driven by our Entrepreneurial Spirit, we’re Creating new Benchmarks through our Portfolio of B2B and B2C Brands.

Consumer Brands

B2B Trademarks

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Our Vision

FB N

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What shaped the global peanut industry in 2023?

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Reaction from Contaminated Burrito

In this section : Key Impact Indicators 06 Key Partners 07 Impact Approach 08 Senegal's Peanut Farmers Struggle as Poor Rains Impact Letter from CMD 09 Harvest About Agrocrops 10 Peanuts 2023 13 1FBOVU GBSNFST JO 4FOFHBM BSF GBDJOH TJHOJGJDBOU IBSETIJQT EVF UP JOBEFRVBUF SBJOGBMM Recognitions 14 ZJFMET UISFBUFOJOH UIF MJWFMJIPPET PG UIPVTBOET PG TNBMMIPMEFS GBSNFST XIP SFMZ IFBW Standards & Certifications 15 JMZ PO QFBOVU GBSNJOH 8JUI QFBOVUT CFJOH B DSVDJBM FYQPSU BOE B TUBQMF JO MPDBM EJFUT Materiality Assessment 16 UIF SFEVDFE IBSWFTU JT FYQFDUFE UP IBWF XJEFTQSFBE FDPOPNJD BOE TPDJBM SFQFSDVT ESG Materiality Matrix 17 TJPOT 'BSNFST BSF DBMMJOH GPS VSHFOU HPWFSONFOU TVQQPSU BOE TVTUBJOBCMF BHSJDVMUVSBM Stakeholder engagement 18 Our SDG Priorities 19 Sustainability Statistics 20

Drought in the Southwest Leads to Significant Crop Losses Across the U.S.

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Nestlé Sells Peanut Allergy Drug Due to Low Market Demand

Partnership Enhances Peanut Production in Haiti Through Innovative Collaboration

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standards and establish new benchmarks. By pushing the boundaries of excellence, we aim to set ourselves apart as leaders in quality, innovation, and sustainability on the world stage. This relentless pursuit ensures that our products and practices not only meet but exceed the expectations of international markets and regulatory bodies.

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Empowering Farmers through Equipment Hiring Centre Agrocrops has played a pivotal role in establishing an Equipment Hiring Centre for the Nallavur Farmer Producer Organization (FPO), with a focus on providing access to essential farming machinery, such as fertilizer sprayers. have the means to purchase expensive equipment. By facilitating easy access to these sprayers, farmers can improve their crop management and productivity, resulting in higher yields and more sustainable farming practices. This Equipment Hiring Centre underscores Agrocrops' commitment to supporting farmers with the tools they need for success.

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Benchmarks are at the core of every action we take and every decision we make.

Despite facing challenges, our values remain steadfast. The partnerships we've cultivated over the years throughout our supply chain have enabled us to uphold the highest standards of labor and human rights, worker health and safety, and to make unprecedented strides in climate action, forestry and the stewardship of natural resources. While we take pride in our progress, we understand that each year and each achievement is merely a stepping stone in our continuous pursuit of "better."

Completed Certification

Work in Progress

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SOCIAL INNOVATION & RESEARCH GOVERNANCE ANNEX

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ESG materiality assessments are a way to define the social and environmental issues that are most important to a business and its stakeholders. It is a strategic business tool, and can help develop a well-focused ESG strategy.

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Our five step Approach to Materiality Assessment

Gather sector and stakeholder perspec ve

Catalogue ESG topics and sub-topics

Assess the signiĮcance to internal stakeholders

Assess the signiĮcance to external stakeholders

IMPACT MATERIALITY

Priori ze material topics

The comprehensive assessment was designed to validate the material issues identified through a detailed survey of ESG indicators. In conducting this assessment, we ensured meticulous alignment with all GRI aspects and indicators, strictly adhering to established reporting guidelines. Beyond mere validation, this process allowed us to refine our understanding of the key issues impacting our business, ensuring that our sustainability strategy is both informed by stakeholder expectations and grounded in globally recognized standards.

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Critical

The assessment results are mapped onto a materiality matrix, illustrating the level of stakeholder interest alongside the potential impact on the business. The insights from assessing significance to internal stakeholders which highlights the crucial topics are positioned along the “Y” axis. The outcomes from assessing significance to external stakeholders which indicates the areas of greater influence on the business are positioned along the “X” axis.

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Human Rights

Environmental Management

Workforce Welfare

ANNEX

Stakeholder

Climate Change Customer Focus

Product Stewardship

Food Security Community Welfare

Water Management

Human Rights

Operational Health & Safety

Climate Change

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$MJNBUF DIBOHF JT B NBKPS FOWJSPO NFOUBM DIBMMFOHF XJUI TJHOJGJDBOU

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Waste Management

ENVIRONMENTAL

Corporate Governance

Medium

SOCIAL

Sustainable Procurement

GOVERNANCE

Agrocrops

Critical

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Sustainable Agriculture

Medium

GOVERNANCE

INNOVATION & RESEARCH

Operational Health and Safety

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

Customer Focus 'PDVT JT BMTP DSVDJBM BT DPOTVNFS FY QFDUBUJPOT FWPMWF QVTIJOH CVTJOFTT FT UP CF NPSF BDDPVOUBCMF GPS UIF TPDJBM BOE FOWJSPONFOUBM JNQBDU PG UIFJS QSPEVDUT 17

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Agrocrops actively engages with stakeholders as part of our commitment to foster meaningful change and discover innovative solutions to pressing challenges. Every day, at all levels of the business, we interact with a diverse array perspectives and experiences, share our progress, and promote best practices.

CZ DPMMBCPSBUJOH XJUI UIFN XF DBO BDIJFWF B HSFBUFS JNQBDU PO DPVME BDDPNQMJTI BMPOF 5ISPVHIPVU UIF ZFBS XF QSPBDUJWFMZ DPOOFDU XJUI B CSPBE SBOHF PG TUBLFIPMEFST BOE SJHIUT IPMEFST JODMVEJOH

People

Investors, Banks and Creditors

Customer

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8F BSF ESJWFO CZ UIF HPBM PG GPTUFSJOH UIF NPTU DPM MBCPSBUJWF DVTUPNFS SFMBUJPOTIJQT UISPVHI PVS QSPEVDU BOE PSJHJOBUJPO FYQFSUJTF JO FWFSZ JOUFSBD UJPO 8F FOHBHF XJUI PVS DMJFOUT WJB TVSWFZT POF PO POF NFFUJOHT SPVOEUBCMFT BOE DPOGFS FODFT 5P FOTVSF RVBMJUZ XF DPOUJOVPVTMZ NPOJUPS DVTUPNFS GFFECBDL BTTFTT LFZ ESJWFST BOE MFWFSBHF BOBMZUJDT UP FOIBODF UIF DVTUPNFS FYQFSJFODF $VT UPNFS GFFECBDL JT TIBSFE XJUI UFBN NFNCFST BOE MFBEFST BMJLF FOTVSJOH UIBU FWFSZPOF VOEFSTUBOET UIFJS JNQBDU BOE SFNBJOT GPDVTFE PO EFMJWFSJOH UIF CFTU QPTTJCMF DVTUPNFS FYQFSJFODF

EFHSFF GFFECBDL XPSLJOH HSPVQT BOE NFOUP SJOH QSPHSBNT

3320% NGOs, Foundations & Academia

Suppliers, Vendors, FPOs & Farmers

Government & Regulators

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

8F FOHBHF XJUI SFHVMBUPST BT OFDFTTBSZ UP DPOEVDU PVS CVTJOFTT BOE QSPWJEF GFFECBDL PO QSPQPTFE DIBOHFT UP SFMFWBOU SVMFT UIBU NBZ JNQBDU PVS PQFS BUJPOT 8F TUSJWF UP NBJOUBJO BO PQFO BOE POHPJOH EJBMPHVF XJUI PVS TVQFSWJTPSZ SFHVMBUPST BOE PUIFS QPMJDZNBLFST

Competitors 8F FOHBHF XJUI DPNQFUJUPST UP GPTUFS IBSNPOZ BOE UIF JOEVTUSZ *O NBOZ JOTUBODFT PVS DPNQFUJUPST BSF BMTP PVS TVQQMJFST DSFBUJOH PQQPSUVOJUJFT GPS NVUVBM MFBSOJOH 8F TIBSF CFTU QSBDUJDFT XJUI PVS DPNQFUJ UJPO UP CFOFGJU UIF JOEVTUSZ BT B XIPMF 18

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

People

In 2023, we focused on expanding our impact on the smallholder farmers we collaborate with and advancing research and development in regenerative farming through carbon management. We recognise that these priorities present significant positively impact the ecosystem we are part of.

WWF (Women Work Force/Farmer)

Regenerative Agriculture

Carbon Sequestration

HOPE (High Oleic Peanuts)

Edufarm

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Planet

Through our ESG priorities we support the following SDGs:

WWW (World Wide Waste)

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Herbicide usage

Water Consumption

(Active Ingredients: kg/ha)

(Gallons per Pound)

1.6 300

0.1

1.5

1095

Cashew

Butachlor

Rice

Pendimethalin

Almond

0.8

1.8

1

Pendimethalin

Peanut

1 Glyphosate

Pendimethalin

1

Glyphosate

1.25

Soybean

Mung bean

2.7 650

459

240

200

Soybean

Mung bean

51.2 Peanut

Almond

Cashew

Total Fertilizer Consumption

Rice

120 - 140

120 - 140

Peanut

Almond

Cashew

Rice

100 - 130

Soybean

(kg/ha)

2.1 60 - 70 Mung bean

Peanut

Almond

Cashew

Rice

Soybean

Mung bean

Average Landholding & Average Yield

Income and Cost Analysis $75,000

4.4

3.7

3.2

4.4

1.3

3.9

1.4

0.7

0.3

$2630

75

Almond

Nitrogen

Cashew

Rice

Phosphorus

Soybean

Potassium

50 20

USA

Brazil

$1,500 $425

Argentina Nicaragua

Income/ha

$3790

$12,519

35

Mung bean

$1500

India

Cost/ha

49

5

10 $3,000 $725

20 40 20

$1800

$665

34 17

$15,000

588

188

$2100

150

$18,500 $2895

$2860

225

54

Peanut

$2525

$2400

75

50 250

$4800

300

50

GOVERNANCE

(per kg Co2e/kg)

(In Days)

3000

1.6

55

ANNEX

GHG Emissions

Crop Cycle 1090 - 1460

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

China

$550

$350

$550

Senegal

$375

$300 $500

1

1

$900 $400

Sudan Mozambique

Income/farmer

3

0.6 USA

Brazil

Argentina Nicaragua

India

Average landholding/ farmer in ha

China

Senegal

Sudan

Mozambique

Average yield/ha in tons

20

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

INNOVATION & RESEARCH

SOCIAL

We've just added 'R' to the 'E'—Renew, Reuse, Regenerate, Reengineer, and Reimagine.

In this section :

ANNEX

GOVERNANCE

In this section : Peanut Industry Gaps

29

Workforce Welfare

30

Workforce Diversity

31

Health & Safety

32

Food Safety

33

Food Security

34

Community Engagement

35

HOPE

38

ENVIRO

NMENT

Sustainability in the Peanut Industry Our Sustainability Vision Climate Change Water Stewardship Waste Management Peanut or Nothing

22 23 24 25 26 27

21

Innovative Partnerships by Mars Help Safeguard Smallholder Farmers’ Harvests

Significant Others in the Global Peanut Industry

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Peanut Waste Transformed into Eco-Friendly Packaging Solutions

UJWF UP USBEJUJPOBM QBDLBHJOH PQUJPOT 5IJT JOOPWBUJWF BQQSPBDI OPU POMZ BEESFTTFT UIF JTTVF PG BHSJ DVMUVSBM XBTUF CVU BMTP QSPWJEFT B TPMVUJPO GPS SFEVDJOH QMBTUJD XBTUF 5IF EFWFMPQNFOU PG CJPEF HSBEBCMF QBDLBHJOH GSPN QFBOVU CZQSPEVDUT IJHIMJHIUT UIF QPUFOUJBM GPS BHSJDVMUVSBM XBTUF UP CF VTFE JO FOWJSPONFOUBMMZ CFOFGJDJBM XBZT BMJHOJOH XJUI HMPCBM TVTUBJOBCJMJUZ HPBMT BOE DPOUSJCVUJOH UP NPSF FDP GSJFOEMZ QSBDUJDFT JO UIF QBDLBHJOH JOEVTUSZ

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HJPOT

New TIFCB7 Peanut Variety Promises Enhanced Sustainability

Agrocrops and VAS Green FPC Boost Farming with Girnar-4 Seeds

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EVDFT DPTUT UISPVHI DFSUJGJFE TFFET BOE EJSFDU QVSDIBT JOH BOE DPNNBOET QSFNJVN NBSLFU QSJDFT EVF UP JUT PMFJD DPOUFOU 5IF JOJUJBUJWF DPWFST BDSFT XJUI UPOT PG TFFET TPXO BOE B QSPKFDUFE IBSWFTU PG UPOT TIPXDBTJOH TJHOJGJDBOU JNQSPWFNFOUT JO QSPEVDUJWJUZ BOE FDPOPNJD CFOFGJUT GPS GBSNFST 5IJT QBSUOFSTIJQ IJHIMJHIUT B TVDDFTTGVM NPEFM GPS BEWBODJOH TVTUBJOBCMF BHSJDVMUVSF BOE FOIBODJOH GBSNFS MJWFMJ IPPET 22

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Why is Agrocrops the Leading Sustainability-Focused company in the Peanut Industry?

We are ensuring that the cultivation and consumption of peanuts contribute to a thriving planet and resilient communities.

0VS TVTUBJOBCJMJUZ WJTJPO JT UP CF B QJPOFFSJOH GPSDF JO UIF QFBOVU JOEVTUSZ MFBEJOH UIF XBZ UPXBSET B SFHFOFSBUJWF BOE FRVJUBCMF BHSJDVMUVSBM FDPTZTUFN 8F BTQJSF UP TFU OFX TUBOEBSET GPS SFTQPOTJCMF GBSN JOH FOWJSPONFOUBM TUFXBSETIJQ BOE TPDJBM JNQBDU GPTUFSJOH B XPSME XIFSF FWFSZ QFBOVU JT B TZNCPM PG TVTUBJOBCJMJUZ BOE XFMM CFJOH

The theme of the video is ”i" highlighting how change starts from within. This video was produced entirely in-house, with the exception of the voiceover and editing.

ANNEX

GOVERNANCE

“A Rising Tide Lifts Every Boat” Coming Soon

23

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

GHG Emissions Accounting

SOCIAL

ENVIRONMENT

PEANUTS & US

211.73 197.06

Agrocrops recognizes that climate change is more significant now than ever before. We are taking proactive measures to address its impacts, including implementing an adaptive transition plan that strengthens resilience, promotes sustainable practices, and fosters innovation across all levels of our operations.

INNOVATION & RESEARCH GOVERNANCE

Scope-1

Scope-2

Scope-3 emissions 956.56

Total Emission (MT CO₂eq) Emissions Category

Scope 1 Scope 2

2022

2023

14.78

10.01

211.73

197.06

38.94 33.63 2297.37 0.00

1000.00

2000.00

Gross GHG Emissions

-

3326.49

226.51

3533.55 8F SFDPHOJ[F UIF TJHOJGJDBODF

Emissions Scope-3 categoryEmission

Total emission (MT CO₂eq)

3000.00

Our Initiatives towards Carbon Neutrality Conventional Approach

Scope 3

ANNEX

14.78 10.01

5P DBMDVMBUF PVS HSFFOIPVTF HBT ()( FNJTTJPOT XF BEIFSF UP UIF BDDPVOUJOH HVJEFMJOFT PVUMJOFE JO UIF ()( 1SPUPDPM DPWFSJOH 4DPQF UP 4DPQF FNJTTJPOT 0VS SFQPSUJOH CPVOEBSZ JT FTUBCMJTIFE VTJOH UIF PQFSBUJPOBM DPOUSPM BQQSPBDI BOE XF TPVSDF PVS FNJTTJPO GBDUPST GSPN UIF $&" %&'3" BOE *1$$ EBUBCBTFT 8F DPOEVDU UIPSPVHI JOUFSOBM SFWJFXT PG PVS FNJTTJPOT EBUB UP FOTVSF PVS WBMVFE TUBLFIPMEFST DBO USVTU UIF BDDVSBDZ PG UIF JOGPSNBUJPO XF QSPWJEF

GJSTU TUFQ JO PVS EFDBSCPOJ[B UJPO SPBENBQ 8F BSF EFEJDBU QSPEVDUT JODPSQPSBUJOH &OFSHZ 4UBS SBUJOHT BOE TUBS MBCFMJOH GPS PVS QSPEVDUJPO FRVJQNFOU

Innovative Approach Lifecycle Impacts

Carbon Insetting

0VS GPDVT PO DPOEVDUJOH MJGF DZDMF BTTFTTNFOUT UP JEFOUJGZ FNJTTJPO IPUTQPUT HVJEJOH VT JO SFEVDJOH UIF QSPEVDU DBSCPO GPPUQSJOU 5IJT TUSBUFHJD BQ QSPBDI JT FTTFOUJBM GPS BDIJFW JOH DBSCPO OFVUSBMJUZ BT XF JN QMFNFOU UBSHFUFE NFBTVSFT UISPVHIPVU PVS PQFSBUJPOT

8F IBWF JOWFTUFE DPOTJEFS BCMF CJP XBTUF JOUP DBSCPO NBUUFS XIJDI IBT UIF QPUFOUJBM UP SFEVDF PVS FNJTTJPOT CZ PWFS 5IJT JOJUJBUJWF JT B LFZ QBSU PG PVS DPNNJUNFOU UP TVTUBJOBCJMJUZ BOE SFEVDJOH PVS FOWJSPONFOUBM JNQBDU

Category - 1

Purchased Goods and Services

956.56

Category - 6

Business Travel

38.94

Category - 7

Employee Commuting

33.63

Encouraging Public Transport

Transition to Electric Vehicle

Category - 9

Downstream Transportation and Distribution

Sustainable Energy 5ransition

2297.37

*OJUJBUJWF UP GBWPS JOWFTUNFOUT TUSBUFHJDBMMZ JO SFOFXBCMF FOFSHZ UFDIOPMPHJFT TVDI BT TPMBS BOE FOFSHZ TUPSBHF TZT UFNT UP QPXFS PVS PQFSBUJPOT

#Z QSPNPUJOH UIF VTF PG QVCMJD USBOTQPSUT XF BJN UP FOIBODF DPNNVOJUZ DPOOFDUJWJUZ XIJMF GPTUFSJOH TVTUBJOBCMF NPCJMJUZ TPMVUJPOT UIBU DPOUSJCVUF UP B HSFFOFS FOWJSPONFOU

1SPNPUF FMFDUSJD WFIJDMFT JO PVS GMFFU JT B DSVDJBM TUFQ UPXBSE SF EVDJOH UIF ()( FNJTTJPOT

Gross Scope-3 Emissions

3326.49

24

Water stewardship is a crucial foundation of sustainability at Agrocrops, reflecting our commitment to responsible water use, conservation, and environmental protection. We understand that water is a vital resource essential for our operations as well as the communities and ecosystems that rely on it. Our dedication goes beyond simply meeting regulatory requirements; we actively strive to balance our operational needs with the preservation and enhancement of water resources for both current and future generations.

At Agrocrops, we use water solely for domestic purposes and maintain a water-free production process. Recognizing water as a critical material topic in our value chain, we collaborate with FPOs to implement initiatives that conserve water at farmers' sites, prosupports the long-term sustainability of agriculture.

Water Conservation Practices

Employee Training & Awareness

8F QMBDF B TUSPOH FNQIBTJT PO XBUFS DPOTFSWBUJPO XJUIJO PVS

8F QSPNPUF B DVMUVSF PG XBUFS TUFXBSETIJQ BNPOH JUT FNQMPZ FFT CZ DPOEVDUJOH USBJOJOH BOE BXBSFOFTT QSPHSBNT

WJEVBM QMBZT JO UIF DPNQBOZōT PWFSBSDIJOH DPNNJUNFOU UP TVT UBJOBCMF XBUFS NBOBHFNFOU #Z JOTUJMMJOH B TUSPOH TFOTF PG TUFXBSETIJQ "HSPDSPQT BJNT UP DSFBUF B XPSLGPSDF UIBU JT OPU POMZ BXBSF PG UIF DIBMMFOHFT GBDJOH XBUFS SFTPVSDFT CVU BMTP NPUJWBUFE UP NBLF B QPTJUJWF JNQBDU CPUI XJUIJO UIF PSHBOJ[B UJPO BOE JO UIF XJEFS DPNNVOJUZ

BOE BHSJDVMUVSBM QSBDUJDFT BOE JOWFTUJOH JO BEWBODFE UFDIOPMP HJFT 5IFTF JOJUJBUJWFT OPU POMZ QSPNPUF SFTQPOTJCMF XBUFS VTF CVU BMTP FOIBODF UIF PWFSBMM TVTUBJOBCJMJUZ PG UIF BHSJDVMUVSBM

Community Engagement

8F IBWF CFFO BDUJWFMZ TVQQPSU GBSNFST CZ BTTJTUJOH UIF GBSNFS DPNNVOJUJFT CZ SFWJUBMJ[JOH UIF QPOET GPS SBJOXBUFS IBSWFTUJOH B DSJUJDBM JOJUJBUJWF BJNFE BU FOIBODJOH XBUFS BWBJMBCJMJUZ BOE TVTUBJOBCJMJUZ JO BHSJDVMUVSBM QSBDUJDFT 5IFTF QPOET TFSWF BT WJUBM SFTFSWPJST UIBU DPM MFDU BOE TUPSF SBJOXBUFS BMMPXJOH GBSNFST UP VUJMJ[F UIJT SFTPVSDF EVSJOH ESJFS QFSJPET UIFSFCZ SFEVDJOH EFQFOEFODF PO FYUFSOBM XBUFS TPVSDFT

ANNEX

INNOVATION & RESEARCH

NPSF TVTUBJOBCMF BHSJDVMUVSBM FDPTZTUFN TVQQPSUJOH OPU POMZ PVS CVTJOFTT HPBMT CVU BMTP UIF IFBMUI PG MPDBM DPNNVOJUJFT BOE UIF FOWJSPONFOU

GOVERNANCE

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

8F FOHBHF XJUI MPDBM DPNNVOJUJFT PO XBUFS SFMBUFE JOJUJBUJWFT JODMVEJOH XBUFS DPOTFSWBUJPO BXBSFOFTT DBNQBJHOT BOE DPN NVOJUZ ESJWFO XBUFS NBOBHFNFOU QSPHSBNT BOE FOIBODF SFMBUJPOTIJQT BOE DPOUSJCVUF TJHOJGJDBOUMZ UP UIF XFMM CFJOH PG UIF SFHJPOT JO XIJDI UIF DPNQBOZ PQFSBUFT 8F BDUJWFMZ MJTUFO UP DPNNVOJUZ DPODFSOT BOE DPMMBCPSBUF PO TPMVUJPOT 5IJT DPNNJUNFOU UP FOHBHJOH MPDBM DPNNVOJUJFT OPU POMZ FOIBOD FT UIF DPNQBOZōT JNQBDU PO XBUFS TUFXBSETIJQ CVU BMTP TVQ QPSUT UIF EFWFMPQNFOU PG SFTJMJFOU DPNNVOJUJFT FRVJQQFE UP UBDLMF XBUFS SFMBUFE DIBMMFOHFT UPHFUIFS

Rainwater Harvesting 8F SFDPHOJ[F UIF JNQPSUBODF PG SBJO XBUFS IBSWFTUJOH BOE JOWFTU JO EFWFMPQJOH SBJO XBUFS IBSWFTUJOH GBDJMJUJFT GPS GBSNFST #Z DPMMFDUJOH BOE VTJOH SBJOXBUFS GPS OPO QPUBCMF BQQMJDBUJPOT XJUIJO PVS GBDJMJUZ BOE BU BHSJDVMUVSF GBSNT XF OPU POMZ EFDSFBTF PVS EFQFOEFODF PO FYUFSOBM XBUFS TPVSDFT CVU BMTP QMBZ B DSV DJBM SPMF JO DPOTFSWJOH OBUVSBM XBUFS SFTFSWPJST

*O BEEJUJPO UP SFWJUBMJ[JOH UIF QPOET XF IBWF BMTP QMBOOFE JOJUJBUJWFT UP SFKVWFOBUF FYJTUJOH XFMMT GPS GBSNFST BOE FOIBODF UIFN XJUI SBJO XBUFS TUPSBHF DBQBDJUJFT 5IJT QSPDFTT JOWPMWFT SFQBJSJOH BOE FOIBODJOH XFMM JOGSBTUSVDUVSF UP FOTVSF UIBU UIFTF XBUFS TPVSDFT DBO CF VTFE NPSF IPME NPSF DBQBDJUZ BOE SFEVDF UIF EFQFOEFODF PO UIF NPOTPPOT GPS XBUFS #Z JNQSPWJOH XFMM DBQBDJUZ GBSNFST DBO BDDFTT HSPVOEXBUFS NPSF FBTJMZ XIJDI JT DSVDJBM GPS JSSJHBUJPO BOE MJWFTUPDL OFFET FTQFDJBMMZ EVSJOH UJNFT PG ESPVHIU 25

ANNEX

Weight (MT)

Our Approach to Circular Economy mental component of our commitment to sustainability and environmental stewardship. We recognize that minimizing waste not only contributes to a healthier planet but also enhances

Enrich Soil with BiPchar Plant Production

Biochar Recover Renewable Energy

Our Initiatives

Biobased Production Shells & Husks

8F IBWF JOWFTUFE JO BEWBODJOH PVS BCJMJUZ UP USBOTGPSN QFBOVU IVTLT B DPNNPO XBTUF QSPEVDU JOUP CJPDIBS BOE BDUJWBUFE DBSCPO GPS JOEVTUSJBM BOE BHSJDVMUVSBM BQQMJDBUJPOT 5IJT JOOPWBUJWF QSPDFTT UVSOT B HMPCBMMZ PWFSMPPLFE NBUFSJBM JOUP WBMVBCMF SFTPVSDFT TJHOJGJDBOUMZ FO

Consumption of Food Production

Usage of Biobased Product

Landfilling - Peanut waste (MT)

Landfilling - Chilli waste (MT)

2022

90.24

10.02

124

2023

91.77

8.28

237.33

By-Product Utilization #Z QSPEVDUT GSPN QFBOVU QSPDFTTJOH TVDI BT TIFMMT BOE IVMMT BSF VUJ Separation & Collection

Organic Materials

8F IBWF NBEF TJHOJGJDBOU DPOUSJCVUJPOT UP SFTFBSDI BOE EFWFMPQNFOU JO OPO EFTUSVDUJWF BOBMZTJT GPS QIZUPDIFNJDBMT BOE TFFE WJHPS UFTUJOH TZTUFNT 6UJMJ[JOH /FBS *OGSBSFE 4QFDUSPTDPQZ /*34 XF QFSGPSN OPO JOWBTJWF IZQFSTQFDUSBM QIFOPUZQJOH UP BOBMZ[F UIF QSPUFJO BOE GBU DPOUFOU JO QFBOVUT 'VSUIFSNPSF IZQFSTQFDUSBM JNBHJOH BMMPXT VT UP JEFOUJGZ UIF FO[ZNFT JOWPMWFE JO HFSNJOBUJPO HSFBUMZ SFEVDJOH UIF UJNF SFRVJSFE DPNQBSFE UP DPOWFOUJPOBM QIZTJDBM BOE DIFNJDBM NFUIPET

Husk to Fuel (MT) Biofuel

well-being of the communities we serve.

Organic Materials (Gravity Rejects)

Separation & Recycling

Circular Economy Biowaste

0VS DPNNJUNFOU UP FOIBODJOH GPPE RVBMJUZ BOE GPPE TFDVSJUZ IBT QSPNQUFE VT UP FYQMPSF UIF BQQMJDBUJPOT PG DPME QMBTNB UFDIOPMPHZ Production Waste Shells & Husks In Research & FMJNJOBUJOH NJDSPCFT BOE SFEVDJOH BGMBUPYJO DPOUBNJOBUJPO #Z TMPX Development JOH EPXO UIF NFUBCPMJTN PG QFBOVUT DPME QMBTNB USFBUNFOU DBO Geo-tagging FYUFOE UIFJS TIFMG MJGF CZ VQ UP 8F BSF JNQMFNFOUJOH HFP UBHHJOH GPS PVS TVQQMJFST GBSNT FOIBODJOH PVS USBDFBCJMJUZ 8F FNCSBDF B DJSDVMBS FDPOPNZ CZ DMPTJOH UIF MPPQ UISPVHI JOOPWBUJWF QSBDUJDFT UIBU QSJPSJUJ[F SFVTF BOE TVTUBJOBCJMJUZ FOTVSJOH B TVTUBJOBCMF QMBOFU GPS GVUVSF SFTPVSDF GPS QSPEVDJOH CJP PJM BOE CJP HBT XIJDI IBWF WBSJPVT JOEVT FOTVSFT DPNQMJBODF CVU BMTP TUSFOHUIFOT PVS DPNNJUNFOU UP USBOTQBSFODZ BOE RVBMJUZ JO HFOFSBUJPOT USJBM BQQMJDBUJPOT JODMVEJOH UIF QSPEVDUJPO PG SFTJOT BOE SFOFXBCMF PVS TVQQMZ DIBJO #Z BDDVSBUFMZ NBQQJOH PVS QSPEVDFSTō MPDBUJPOT XF DBO CFUUFS NPOJUPS FOFSHZ BOE HVBSBOUFF UIF JOUFHSJUZ PG PVS GPPE QSPEVDUT GSPN GBSN UP UBCMF

Waste Management Hierarchy

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

BQQMJDBUJPOT JODMVEJOH BOJNBM GFFE CJPNBTT FOFSHZ QSPEVDUJPO BOE PSHBOJD GFSUJMJ[FST UIFSFCZ DPOUSJCVUJOH UP B DJSDVMBS FDPOPNZ

Recycling Initiatives 1BDLBHJOH NBUFSJBMT BOE PUIFS SFDZDMBCMF XBTUF QSPEVDFE JO PVS QSP DFTTJOH GBDJMJUJFT BSF NFUJDVMPVTMZ TPSUFE BOE TFOU GPS SFDZDMJOH #Z QSJ PSJUJ[JOH FDP GSJFOEMZ QBDLBHJOH TPMVUJPOT XF TJHOJGJDBOUMZ SFEVDF UIF FOWJSPONFOUBM JNQBDU PG PVS QSPEVDUT

Waste Reduction Measures 5IF DPNQBOZ UBLFT QSPBDUJWF TUFQT UP NJOJNJ[F PWFSBMM XBTUF HFOFSB UJPO 5IJT JODMVEFT TUSFBNMJOJOH QSPDFTTFT UP SFEVDF UIF VTF PG FYDFTT PS OPO FTTFOUJBM NBUFSJBMT EFTJHOJOH QBDLBHJOH UP NJOJNJ[F XBTUF BOE FODPVSBHJOH TVQQMJFST UP FNCSBDF TVTUBJOBCMF QBDLBHJOH QSBDUJDFT

Continuous Improvement and Innovation 3FHVMBS FWBMVBUJPOT PG XBTUF NBOBHFNFOU QSBDUJDFT BSF DBSSJFE PVU UP QSPNPUF B DVMUVSF PG DPOUJOVPVT JNQSPWFNFOU 5IF DPNQBOZ BEPQUT JOOPWBUJWF UFDIOPMPHJFT BOE TUSBUFHJFT UP GVSUIFS BEWBODF XBTUF .

Landfill 26

CREATION VALUE

EN VIR O ST E W NM AR

EN T

RI C

N T IO UCA D E

ND A E

LIVEL I H OO D

STEWARDSHIP

GOVERNANCE

BEYOND STA

NND A RD S

ANNEX

ARKS HM NC BE

INNOVATION & RESEARCH

S

NC E CI

PLANET

CIRCULAR ECONOMY

TY RI

IN NO VA TI O

T

DISRU P T IVE

HNOLOGY C E T

PA R

NUTRITION

PEOPLE

WOMEN C

F O OD

SOCIAL

RIV AT E

OD GO

ENVIRONMENT

AL T EN IP SH

CU SE

N

D AN

L CO

PUBL IC P

S IP SH ER

Agrocrops is a peanut-centric company, so everything we do is of utmost importance to us. We aim for circularity by design, business model, and overall strategy to thrive and develop the ecosystem. By doing so, we lay the groundwork for our operations. This approach helps us prioritise our sustainability agenda and shape our narrative.

TION A R BO LA

N

PEANUTS & US

CONTENTS

AGROCROPS | SUSTAINABILITY REPORT 2023

Highlights of our Circularity Model Women

Education

Nutrition & Food Security

Environmental Stewardship

We seek the engagement of women farmers and the upskilling of women employees in our projects and businesses because they are the bedrock of our society. Uplifting women has a positive impact on their entire families.

We invest in long-term impact through education, and by connecting food and education, we aim to build a self-sustaining model of value creation and impact.

Can we produce more? And how can we preserve what we produce for a longer period? Can this add-value for our customers and stakeholders?

How can we take advantage of science? We approach our challenges with a unique perspective.

Peanut plants fix nitrogen in the soil, providing essential nutrients for the next crop. How can we leverage this paradigm in our business model?

27

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

AGROCROPS | SUSTAINABILITY REPORT 2023

Strengthening the Fabric of the Peanut Community.

ANNEX

GOVERNANCE

In this section : Peanut Industry Gaps

29

Workforce Welfare

30

Workforce Diversity

31

Health & Safety

32

Food Safety

33

Food Security

34

Community Engagement

35

HOPE

38

28

CONTENTS

AGROCROPS | SUSTAINABILI SUSTAINABILITY T TAINABILI TY REPORT 2023

SOCIAL

ENVIRONMENT

PEANUTS & US

S

90% of the global peanut acre-

40% of the origination is classi-

age has yields that fall more than 50% below industry benchmarks.

fied as high-risk in terms of labor practices, including fair wages, child labor, and safety.

E

The monthly average income of a

$45

in least peanut farmer is US developed origins, US$140 in developing regions, and US$13,000 in developed countries.

1%

There are less than of factory certified for global food, health, and safety standards such as BRC.

32% of global peanut cultivation operates without regulations on pesticide usage

INNOVATION & RESEARCH GOVERNANCE

Except for the U.S., which accounts for

5% of the global harvest, the rest of the origination lacks strong government policies to regulate the upstream and midstream sectors of the peanut industry.

90%

and lacks regulated Persistent Organic Pollutants (PoPs) policies, including guidelines on land use and biodiversity.

Toxins in peanuts are either unregulated

or loosely controlled during cultivation in

3%

ANNEX

G 90% of the origins and 82% of

of global peanut producLess than tion utilizes regenerative or organic farming practices.

the consumption regions trade without strict regulations.

15% of global peanut origins have a traceability system in place.

10% Nearly 10% of peanut bio-waste is used as landfill, poultry feed, or biomass.

Global Challenges

Historical Pressing Risks for Sustainable Growth in the Peanut Industry Despite adopting modern farming technology, regenerative agriculture practices remain poor

On average peanut farmers earn US$5 per day, which is below the average income in agriculture

The industry lacked innovation in key areas such as seed germination, yield, irrigation, processing of raw material

More than 95% of the peanuts harvested and traded worldwide do not fall under a sustainable sourcing framework

Nearly 12 million tons of peanut biomass waste are not managed with optimal usage or solutions 29

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Supporting the education of employees' children is a vital aspect of workforce welfare, reflecting our commitment to the holistic well being of our team members and their families. Education is a powerful tool that shapes the future, not only of individuals but also of communities and society at large. By extending support to our employees' children, we are investing in the next generation, fostering a sense of security, and enhancing the overall quality of life for our workforce.

GOVERNANCE

Policies – Workforce welfare

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

Non-discrimination and Equality Employee Wellbeing GJOBODJBM DPOTUSBJOUT EP OPU IJOEFS UIFJS FEVDBUJPOBM QVSTVJUT 5IFTF TDIPMBSTIJQT BMMPX GBNJMJFT UP GPDVT PO UIFJS DIJMESFO T BDBEFNJD TVDDFTT XJUIPVU VOEVF GJOBODJBM TUSFTT 8F IBWF JOWFTUFE B UPUBM PG */3 UPXBSET UIF TDIPPM GFFT PG FNQMPZFFTō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

Investment on Education ( Employee’s Family )

741,781

2022

Year

"U "HSPDSPQT XF SFDPHOJ[F UIBU FNQMPZFF XFMM CFJOH JT GVOEBNFOUBM UP B GVMGJMM JOH MJGF CPUI BU XPSL BOE BU IPNF 0VS DPNNJUNFOU UP FNQMPZFF XFMGBSF HPFT CFZPOE UIF XPSLQMBDF BT XF TUSJWF UP TVQQPSU PVS UFBN NFNCFST JO BMM BTQFDUT PG FOTVSJOH UIBU OFX QBSFOUT IBWF UIF UJNF UIFZ OFFE UP DBSF GPS UIFJS HSPXJOH GBNJ MJFT XJUIPVU GJOBODJBM TUSFTT 8F LOPX UIBU XFMDPNJOH B OFX GBNJMZ NFNCFS JT B KPZPVT PDDBTJPO BOE XF TIBSF JO UIBU DFMFCSBUJPO CZ QSPWJEJOH B TQFDJBM OFXCPSO CBCZ BMMPXBODF UP TVQQPSU PVS FNQMPZFFT EVSJOH UIJT JNQPSUBOU UJNF

"HSPDSPQT JT EFEJDBUFE UP GPTUFSJOH BO FOWJSPONFOU BU XPSL XIFSF QFPQMF BSF SFTQFDUFE BOE USFBUFE XJUI EJHOJ UZ *O PSEFS UP DSFBUF BO FOWJSPONFOU XIFSF XPSLFST NBZ QFSGPSN UP UIF CFTU PG UIFJS BCJMJUJFT XJUIPVU GBDJOH JOUJNJ EBUJPO PQQSFTTJPO FYQMPJUBUJPO EJTDSJNJOBUJPO PS BOZ PUIFS LJOE PG IBSBTTNFOU XF BJN UP CVJME B XPSLQMBDF UIBU JT NBSLFE CZ NVUVBM USVTU BOE SFTQFDU 0VS BOUJ EJT DSJNJOBUJPO BOE BOUJ IBSBTTNFOU QPMJDZ TUSPOHMZ GPSCJET BMM GPSNT PG IBSBTTNFOU BOE EJTDSJNJOBUJPO SFHBSEMFTT PG UIFJS TFYVBM OBUVSF BOE QMBDFT B TUSPOH FNQIBTJT PO UIF QSPGFTTJPOBM DPOEVDU UIBU JT FYQFDUFE PG BMM FNQMPZFFT

Learning & Development 0VS DPNQSFIFOTJWF MFBSOJOH BOE EFWMPQNFOU QSPHSBNT BSF UBJMPSFE UP BEESFTT UIF EJWFSTF BOE FWPMWJOH OFFET PG PVS XPSLGPSDF 5IFTF QSPHSBNT FODPNQBTT B CSPBE TQFDUSVN PG EFWFMPQNFOU PQQPSUVOJUJFT JODMVEJOH UFDIOJDBM TLJMMT USBJOJOH UP FOTVSF PVS FNQMPZFFT TUBZ BU UIF GPSFGSPOU PG JOEVTUSZ BEWBODFNFOUT *O BEEJ

JOEVTUSZ TQFDJGJD DFSUJGJDBUJPOT FOTVSJOH PVS FNQMPZFFT IBWF UIF DSFEFOUJBMT OFFEFE UP FYDFM BOE BEWBODF JO UIFJS SFTQFDUJWF GJFMET

819,112

ANNEX

Comprehensive Insurance

2023

In essence, supporting the education of employees' children is not just an act of corporate benevolence; it’s a strategic investment in the long-term success of our people and our business. It reflects our commitment to creating a supportive, family-friendly workplace that values the well-being of employees and their families, fostering a positive and thriving work environment.

Human Rights Policy Employee Recognition 8F CFMJFWF UIBU PVS FNQMPZFFT BSF UIF CBDLCPOF PG PVS TVDDFTT BOE XF QSPVEMZ DFMFCSBUF UIFJS SFTJMJFODF WJTJPO BOE MFBEFSTIJQ UISPVHI PVS SFDPHOJUJPO QSP HSBNT 5IF ŏ1FSTJTUFOU 1FBOVU "XBSEŐ IPOPST UIPTF XIP FNCPEZ UIJT TQJSJUŋJOEJ WJEVBMT XIP LFFQ QVTIJOH GPSXBSE OP NBUUFS UIF PCTUBDMFT BOE JOTQJSF UIPTF BSPVOE UIFN XJUI UIFJS VOXBWFSJOH DPNNJUNFOU 8F BMTP IPOPS PVS WJTJPOBSJFT XJUI UIF ŏ#SBWFIFBSU "XBSE Ő 5IFTF BSF UIF MFBEFST XIP DPOTJTUFOUMZ HP BCPWF BOE CFZPOE EFNPOTUSBUJOH OPU KVTU QFSTFWFSBODF CVU BMTP GPSFTJHIU BOE JOOPWBUJPO 5IFZ BSF UIF ESJWJOH GPSDF CFIJOE PVS QSPHSFTT DPOTJTUFOUMZ QVTIJOH UIF CPVOEBS JFT PG XIBUōT QPTTJCMF BOE TFUUJOH BO JOTQJSJOH FYBNQMF GPS BMM

0VS DPNQBOZ T GVOEBNFOUBM WBMVFT JODMVEF VQIPMEJOH NPSBM CFIBWJPS BOE BDLOPXMFEHJOH IVNBO SJHIUT )VNBOF XPSLJOH DPOEJUJPOT FRVJUBCMF QBZ BOE XPSLFS TBGFUZ BSF HJWFO UPQ QSJPSJUZ VOEFS PVS TUSJDU TUBOEBSET 8F QSPNPUF HFOEFS QBSJUZ BOE DVMUJWBUF B XFMDPNJOH BUNP TQIFSF *O PSEFS UP FOTVSF DPNQMJBODF SFHVMBS BVEJUT BOE USBOTQBSFODZ BSF FTTFOUJBM 8F XPSL UPHFUIFS XJUI OFJHI CPSIPPE HSPVQT XIJMF IPOPSJOH UIF SJHIUT PG JOEJHFOPVT QFPQMF BOE DVMUVSBM EJWFSTJUZ 8F QMFEHF UP VQIPME FUIJDBM MBCPS TUBOEBSET CZ GPSCJEEJOH DIJME MBCPS GPSDFE MBCPS BOE EJTDSJNJOBUJPO JO BOZ XBZ BDSPTT PVS TVQQMZ DIBJO 30

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We believe that a diverse workforce is essential not only for fostering innovation and creativity but also for driving business success. Diversity enhances our workplace culture by bringing together a variety of perspectives, talents, and experiences, which helps us better serve our global markets. Promoting gender diversity is particularly important in achieving true inclusion, equity, and a well-rounded workforce. By increasing female representation, we gain valuable insights into customer satisfaction and preferences, allowstrengthens our ability to meet the unique needs of our clients and improves overall business strategies.

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Diversity at Group Level

40%

.BMF

60%

Diversity - Type of Employment 'VMMUJNF .BMF

GOVERNANCE

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'FNBMF

38%

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5FNQPSBSZ .BMF 5FNQPSBSZ 'FNBMF

31%

2%

ANNEX

GFNBMF FNQMPZNFOU 31

AGROCROPS | SUSTAINABILITY REPORT 2023

Workplace Safety Training We conduct regular safety training sessions for our employees. These sessions cover the proper use of machinery, handling of hazardous materials, emergency procedures, and first aid. The goal is to equip employees with the knowledge and skills needed to prevent accidents and respond effectively in case of emergencies.

We are dedicated to addressing health, safety, and environmental issues. A key aspect of our commitment involves engaging and empowering our colleagues to prioritize safety both at work and in their personal lives.

Personal Protective Equipment (PPE)

We maintain a comprehensive Occupational Health and Safety system, which is overseen by a safety committee chaired by the CEO. This committee is supported by plant heads, as well as teams from engineering, processing, and quality assurance. The committee conducts bi-annual reviews of OHS measures, while plant heads continuously monitor safety protocols within their respective operations.

Commitment to Workplace Safety Agrocrops is devoted to meeting or exceed-ing all relevant health and safety regulations. We invest in our employees and facilities to cultivate a strong health and safety culture aimed at achieving an accident-free envi-ronment.

We continually work to enhance our processes, tools, and metrics, while investing in training and communication.

Regular Health, Safety, and Environment (HSE) assessments are conducted to evalu-ate our progress in integrating HSE practices throughout our operations. We have inte-grated the HSE requirements as a part of our sustainability policies as part of our non-ne-gotiable commitment to improving compli-ance and culture.

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SOCIAL

Employees are provided with appropriate PPE, such as gloves, ear plugs, masks, safety shoes and protective clothing, depending on their roles. The use of PPE is strictly en-forced to minimise the risk of injury or ex-posure to harmful substances.

INNOVATION & RESEARCH

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Health and Safety for Employees

Stakeholder Engagement Activity

Engagement

Administration

Safety committee chaired by CEO, supported by plant heads, etc.

Monitoring Frequency

Bi-annual reviews by the safety committee

Continuous Monitoring

Regular monitoring with prompt reporting of incidents by plant heads

Worker Training Regular

Periodic training by safety experts

Operation Risk Assessment

Potential risk review, lowrisk operations, no boilers, sharp tools

Zero Work related fatalities Work related injuries Lost time incidents Recorded incidents

Health and Safety in Farming Activities Farmer Training and Education Safe Farming Practices We provides training to farmers on safe farming practices, including the proper use of pesticides and fertilisers, safe handling of equipment, and techniques to reduce physical strain. This training helps prevent accidents and promotes the overall health of the farming community.

Pesticide Management The company emphasises the responsible use of pesticides, ensuring that farmers are aware of the correct dosages and application methods to minimise exposure and environmental impact. They also promote the use of personal protective equipment when handling chemicals.

Improved Farming Techniques We promote the use of modern farming techniques and machinery that reduce the physical burden on farmers, thereby lowering the risk of injury. This includes encouraging the adoption of tools that are ergonomically designed and safer to use.

Progress in workplace Safety

Environmental Safety

In 2023, our ongoing emphasis on leadership, capability building, and HSE assessments has led to improvements in most of our safety performance indicators. Over the past two years, we have recorded zero incidents, zero fatalities, and zero hours lost due to injury.

The company also focuses on environmental safety by promoting sustainable farming practices that reduce the use of harmful chemicals and encourage biodiversity. This not only protects the health of farmers but also ensures a safer and healthier environment for the entire community.

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Quality Standards and Safety Practices Compliance with Regulations

Our priority is the health and well-being of consumers, who are ultimately our customers' customers. We have built trust with our clients by consistently delivering safe, nutritious, and delicious products. Our process, technology, and data management systems are unique to set a new standard in the peanut industry.

Risk Management and Traceability

Sanitation Sanitary Environment

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Employee Training 8F BSF EFEJDBUFE UP QSPWJEJOH DPNQSFIFOTJWF USBJOJOH GPS PVS FNQMPZFFT PO IZHJFOF TBOJUBUJPO BOE GPPE TBGFUZ QSBD UJDFT " LOPXMFEHFBCMF XPSLGPSDF JT FTTFOUJBM JO NBJOUBJOJOH B TBGF QSPDFTTJOH FOWJSPONFOU BOE TJHOJGJDBOUMZ DPOUSJCVUFT 33

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"(30$3014 ] SUSTAINABILITY REPORT 2023

needs for an active and healthy life. This essential framework encompasses several key dimensions: availability, access, utilization, and stability of food supplies.

Availability

Utilization

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HOPE Initiative Agrocrops collaborates with FPOs to supply High Oleic seeds to supplier farmers. It tackles the problem of malnutrition through the supply of High Oleic Peanuts (HOPE) in partnership with foundations and manufacturers.The Hope mission is a long term initiative and aligns with UNICEF’s manufacturers who produce the therapeutic products such as RUTF.

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"(30$3014 ] SUSTAINABILITY REPORT 2023

We realize that community engagement goes beyond fulfilling corporate social responsibility; it is a core strategy that drives the sustainable growth and strengthens its connection with the communities it operates in. By investing in local development, Agrocrops not only supports the immediate needs of the community but also fosters long-term resilience and shared prosperity. It is not just a moral obligation but a strategic investment for Agrocrops, enhancing sustainable operations and strengthening its role in local development.

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3

Loca ons

9

Farmer Club

Capacity Building and Training

20

Groundnut Farmers

4.5 MT

Groundnut Seeds Distributed

" HSPVOEOVU TFFE GFTUJWBM XBT PSHBOJ[FE BU UISFF MPDBUJPOT BDSPTT UIF QBODIBZBUT PG /BUBNBOHBMBN 1BDIBM BOE 1VUIBOTBOUIBJ XJUI BSPVOE HSPVOEOVU GBSNFST QBSUJDJQBUJOH JO FBDI FWFOU 0WFS NFUSJD UPOT PG HSPVOEOVU TFFET XFSF EJTUSJCVUFE UP GBSN GBNJMJFT UISPVHI UIJT GFTUJWBM FOHBHJOH B UPUBM PG GBSNJOH GBNJMJFT GSPN UIF UISFF QBODIBZBUT 5ISFF DMVTUFS CBTFE 1SPEVDFS (SPVQT XFSF FTUBCMJTIFE FBDI DPNQSJTJOH UISFF 'BSNFSTō $MVCT UPUBMJOH OJOF DMVCT BJNFE BU QSPNPUJOH JNQSPWFE BHSPOPNJD QSBDUJDFT JO HSPVOEOVU DVMUJWBUJPO 5SBJOJOHT XFSF DPOEVDUFE PO TFFE USFBUNFOU 1SFQBSBUJPO PG FOSJDIFE GBSN ZBSE NBOVSF BQQMJDBUJPO PG SFDPNNFOE JOQVUT JNQSPWFE DVMUJWBUJPO QSBDUJDFT CFTU GBSNJOH QSBDUJDFT JO HSPVOEOVU DVMUJWBUJPO CFOFGJUUJOH GBSNFST 35

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Community Engagement

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

Impacting Transformation

Improved Variety of Seeds Increase in Yield

12%

Increase in Income

43%

18 Varietal Demonstrations

12 Technology Demonstrations

Improved Practices Increase in Yield

Increase in Income

22%

30%

Consultation Meeting with Rang De

Free Seed Distribution

FPO Engagement and Development

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0VS FOHBHFNFOU XJUI 'BSNFS 1SPEVDFS 0SHBOJ[B UJPOT '10T IBT TFFO TJHOJGJDBOU HSPXUI 8F FYQBOE FE PVS QBSUOFSTIJQT GSPN DPMMBCPSBUJOH XJUI '10T JO UP '10T JO 5IJT FYQBOTJPO SFGMFDUT PVS DPNNJUNFOU UP GPTUFSJOH B DPMMBCPSBUJWF OFUXPSL UIBU TVQQPSUT GBSNFS FNQPXFSNFOU JNQSPWFT SFTPVSDF BDDFTT BOE FOIBODFT BHSJDVMUVSBM PVUDPNFT

6OEFS UIJT DPMMBCPSBUJPO 3BOH%F XJMM QSPWJEF EJSFDU DSFEJU UP '1$ NFNCFST UISPVHI CJMBUFSBM BHSFFNFOUT XJUI UIF '1$ BOE B USJMBUFSBM BSSBOHFNFOU JOWPMWJOH "HSPDSPQT BOE .443' .443' XJMM GPDVT PO DBQBDJUZ CVJMEJOH GPS UIF '1$ "HSPDSPQT XJMM FOTVSF NBSLFU

Bio-inputs Distributed

Educational Support for Poor and Disabled Students

8F IBWF CFFO BDUJWFMZ EJTUSJCVUJOH FTTFOUJBM CJP JO QVUT UP FOIBODF BHSJDVMUVSBM QSPEVDUJWJUZ 5IJT JODMVEFT /1, /JUSPHFO 1IPTQIPSVT 1PUBTTJVN GFS UJMJ[FST XIJDI BSF DSVDJBM GPS CBMBODFE QMBOU OVUSJUJPO BT XFMM BT GBSNZBSE NBOVSF UIBU FOSJDIFT TPJM PSHBOJD NBUUFS "EEJUJPOBMMZ XF QSPWJEF CJPMPHJDBM USBQT UP IFMQ NBOBHF QFTUT JO BO FDP GSJFOEMZ NBOOFS

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

UJOVFT UP NBLF B NFBOJOHGVM JNQBDU PO UIF MJWFT PG NBOZ ZPVOH JOEJWJEVBMT QBWJOH UIF XBZ GPS UIFJS QFS TPOBM BOE BDBEFNJD HSPXUI

GJOBODJBM TVQQPSU %VSJOH UIF NFFUJOH UIF "HSJDVMUVSF %FQBSUNFOU BMTP IJHIMJHIUFE UIF JNQPSUBODF PG DSPQ JOTVSBODF FNQIBTJ[JOH SJTL NJUJHBUJPO GPS GBSNFST

DBUJPO UP TUSFOHUIFOJOH DPNNVOJUZ UJFT CZ TVQQPSUJOH GJOBODJBM JODMVTJPO DBQBDJUZ EFWFMPQNFOU BOE TVT UBJOBCMF BHSJDVMUVSBM QSBDUJDFT VMUJNBUFMZ FNQPXFSJOH MPDBM GBSNFST BOE FOIBODJOH UIFJS FDPOPNJD SFTJM JFODF

TVTUBJOBCMF GBSNJOH QSBDUJDFT BOE DPOUSJCVUJOH UP JN QSPWFE MJWFMJIPPET

Infrastructure Development

MJTIFE B DFOUSBMJ[FE DPNNPO IJSJOH DFOUFS 5IJT GBDJMJ UZ JT FRVJQQFE XJUI TUBUF PG UIF BSU TFFEMJOH NB DIJOFT BOE TQSBZFST XIJDI BSF BWBJMBCMF GPS VTF CZ MPDBM GBSNFST 5IJT JOJUJBUJWF BJNT UP TUSFBNMJOF BDDFTT UP NPEFSO BHSJDVMUVSBM UPPMT BOE JNQSPWF PWFSBMM GBSN

36

Community Engagement Optimizing Peanut Yield 5SBJOJOHT DPOEVDUFE PO TFFE USFBUNFOU 1SFQBSB UJPO PG FOSJDIFE GBSN ZBSE NBOVSF BQQMJDBUJPO PG SFDPNNFOE JOQVUT JNQSPWFE DVMUJWBUJPO QSBDUJDFT BOE *1. JO HSPVOEOVU DVMUJWBUJPO TP GBS USBJOFF EBZT BOE GBSNFST IBWF QBSUJDJQBUFE

3 Locations

9 Farmer Club

20 Peanut Farmers

Training on Enriched FYM Preparation

Training on Bio Input Application

18 Varietal Demonstrations

Increase in Yield

Increase in Income

Increase in yield

Increase in income

11.52%

43%

22.05%

30%

Traditional Variety

Improved Variety

Average Grain Yield

8.07 Quintal Per Acre

9.00 Quintal Per Acre

Net Return

Rs.17481/- Per Acre

Rs.25015/- Per Acre

Training on Seed Treatment

12 Technology Demonstrations

Farmer’s Practice

Improved Practice

Average Grain Yield

7.85 Quintal Per Acre

9.66 Quintal Per Acre

Net Return

Rs.18750/- Per Acre

Rs.25673/- Per Acre

Aflatoxin in Groundnut Cultivation

Training on Seeder

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

Capacity Building and Training

4.5 MT Peanut Seeds Distributed

Training on Best Farming Practices in Groundnut Cultivation

Improved practices

Improved variety of seeds

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

37

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Here are the key aspects of Agrocrops' High Oleic Peanut (HOPE) Sowing Project Agrocrops has embarked on a significant mission to cultivate and expand High Oleic Peanuts for and by Indian farmers and consumers. These peanuts are prized for their longer shelf life and nutritional benefits, aligning with the growing global demand, particularly from multinational snack-food manufacturers and UNICEF’s Malnutrition project manufacturers like RUTF (Plumpy'nut). The HOPE mission is a long-term initiative, projected to take nearly a decade to reach its first major milestone.

Throughout this journey, Agrocrops collaborates with smallholder farmers, especially women farmers, FPOs and cooperatives, NGOs, foundations, and certifying bodies. While our 2022 susthis project, our 2023 report showcases the tangible achievements we’ve made so far.

Sowing and Cultivation Pilot Phase "HSPDSPQT CFHBO CZ JOUSPEVDJOH )JHI 0MFJD 1FBOVU TFFET JO TFMFDU SFHJPOT PG *OEJB TQF DJGJDBMMZ 5BNJM /BEV BOE (VKBSBU DPWFSJOH BDSFT 5IF JOJUJBM GPDVT XBT PO FEVDBUJOH GBSNFST BCPVU UIF CFOFGJUT PG HSPXJOH )JHI 0MFJD WBSJFUJFT BOE QSPWJEJOH UIFN XJUI UIF OFDFTTBSZ USBJOJOH BOE SFTPVSDFT

Expansion #VJMEJOH PO UIF TVDDFTT PG UIF QJMPU QIBTF "HSPDSPQT TJHOJGJDBOUMZ FYQBOEFE UIF TPXJOH BSFB CZ XJUI UIF HPBM PG JODSFBTJOH QSPEVDUJPO DBQBDJUZ UP NFFU CPUI EPNFTUJD BOE JOUFSOBUJPOBM EFNBOE 5IF DPNQBOZ XPSLFE DMPTFMZ XJUI GBSNFST UP FOTVSF UIF BEPQUJPO PG CFTU QSBDUJDFT JO DVM UJWBUJPO QFTU NBOBHFNFOU BOE IBSWFTUJOH

Strategy 5IF )01& TUSBUFHZ JT DSBGUFE UP BUUSBDU FOHBHF BOE CFOFGJU NVMUJQMF TUBLFIPMEFST "HSPDSPQT CFMJFWFT UIBU B TVDDFTTGVM CVTJ OFTT DSFBUFT NVUVBMJUZ CFUXFFO BMM QBSUJFT JOWPMWFE B QSJODJQMF UIBU IBT HVJEFE UIF )01& QSPKFDU GSPN JUT JODFQUJPO

Quality & Traceability 8IJMF TVQQPSUJOH TNBMMIPMEFS GBSNFST XJUI QSFNJVN QSJDFT BOE WBSJPVT GPSNT PG JOQVUT TVDI BT TFFET USBJOJOH BOE PUIFS GBSN JOQVUT "HSPDSPQT QMBDFT B TUSPOH FNQIBTJT PO DSF BUJOH B SPCVTU TZTUFN GPS RVBMJUZ DPOUSPM BOE USBDFBCJMJUZ 5P NFFU UIF TUSJOHFOU TUBOEBSET SFRVJSFE CZ JOUFSOBUJPOBM NBOVGBDUVSFST UIF DPNQBOZ IBT JNQMFNFOUFE SJHPSPVT RVBMJUZ DPOUSPM NFBTVSFT BDSPTT UIF GBSNJOH QSP EVDUJPO BOE QSPDFTTJOH TUBHFT 5IJT JODMVEFT UFTUJOH GPS BGMBUPYJOT FOTVSJOH UIF QFBOVUT NFFU UIF )JHI 0MFJD DSJUFSJB BOE NBJOUBJOJOH DPOTJTUFOU RVBMJUZ JO MBSHF WPMVNFT

Export and Market Expansion First Commercial Sale "HSPDSPQT JT QSPVE UP CF *OEJBōT GJSTU FYQPSUFS PG )JHI 0MFJD 1FBOVUT UBQQJOH JOUP B SBQJEMZ HSPXJOH OJDIF NBSLFU JO UIF HMPCBM GPPE JOEVTUSZ 5IJT BDIJFWFNFOU TPMJEJGJFT "HSP DSPQT QPTJUJPO BT B MFBEFS JO UIF *OEJBO IJHI PMFJD QFBOVUT 5IF GJSTU TIJQNFOU PG "HSP DSPQT )01& XBT TVDDFTTGVMMZ EFMJWFSFE UP NBOVGBDUVSFS JO &UIJPQJB 5IF FOUJSF QSP DFTTŋGSPN GBSNJOH BOE IBSWFTU UP TIJQ NFOUŋXBT B HSBOE TVDDFTT

Commercial Expansion & Key Milestones "HSPDSPQT FYQBOTJPO TUSBUFHZ GPS )01& GP DVTFT PO DPOOFDUJOH BMM TUBLFIPMEFST JODMVEJOH NVMUJOBUJPOBM TOBDL GPPE NBOV GBDUVSFST 365' QSPEVDFST DFSUJGJDBUJPO CPEJFT GPVOEBUJPOT /(0T BOE SFTFBSDI BHFODJFT 5IF DPNQBOZ QMBOT UP TDBMF VQ )JHI 0MFJD 1FBOVU QSPEVDUJPO CZ FYQBOEJOH UP BEEJUJPOBM SFHJPOT JO *OEJB TVDI BT ,BSOB UBLB "OEISB 1SBEFTI 5FMBOHBOB BOE 3BKBT UIBO 5IJT JOWPMWFT JODSFBTJOH UIF OVNCFS PG GBSNFST QBSUJDJQBUJOH JO UIF QSPKFDU BOE FRVJQQJOH UIFN XJUI BEWBODFE BHSJDVMUVSBM JOQVUT BOE UFDIOPMPHJFT #FZPOE FYQBOEJOH )01& "HSPDSPQT JT BMTP JOWFTUJOH JO EFDBSCPOJ[JOH UIF FOUJSF WBMVF DIBJO SBJTJOH UIF RVFTUJPO PG XIFUIFS QFB OVUT DBO CF NBEF DBSCPO GSFF 5IF DPNQB OZ FODPVSBHFT SFBEFST UP MPPL PVU GPS UIF TVTUBJOBCJMJUZ SFQPSU GPS NPSF EFUBJMT )01& JT BMTP CFJOH USJBMMFE JOUFSOBUJPOBMMZ BOE JO "HSPDSPQT BDIJFWFE *OEJB T GJSTU DPNNFSDJBM FYQPSU TBMFT PG )01& UP 6/*$&' T 1MVNQZō/VU QSPHSBN 38

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Training and Capacity Building Agrocrops aims to promote gender equality in agriculture, enhance the economic status of women farmers, and contribute to the overall development of rural communities.

"HSPDSPQT QSPWJEFT USBJOJOH QSPHSBNNFT GPS XPNFO GBSNFST UP FOIBODF UIFJS BHSJ DVMUVSBM TLJMMT GPDVTJOH PO CFTU QSBDUJDFT JO DSPQ DVMUJWBUJPO QFTU NBOBHFNFOU BOE TVTUBJOBCMF GBSNJOH 5IJT IFMQT JNQSPWF QSPEVDUJWJUZ BOE FOTVSFT UIBU XPNFO BSF FRVJQQFE XJUI UIF LOPXMFEHF OFFEFE UP

Financial Inclusion 5IF DPNQBOZ TVQQPSUT GJOBODJBM JODMVTJPO JOJUJBUJWFT CZ GBDJMJUBUJOH BDDFTT UP DSFEJU BOE GJOBODJBM TFSWJDFT GPS XPNFO 5IJT FNQPXFST UIFN UP JOWFTU JO CFUUFS GBSN JOH FRVJQNFOU TFFET BOE PUIFS JOQVUT MFBEJOH UP JNQSPWFE ZJFMET BOE GJOBODJBM JOEFQFOEFODF

Community Engagement "HSPDSPQT FOHBHFT XJUI MPDBM DPNNVOJ UJFT UP QSPNPUF UIF QBSUJDJQBUJPO PG XPNFO JO GBSNJOH BDUJWJUJFT 5IJT JO DMVEFT PSHBOJTJOH BXBSFOFTT DBNQBJHOT BOE DPMMBCPSBUJOH XJUI /(0T UP DSFBUF B TVQQPSUJWF FOWJSPONFOU GPS XPNFO JO BHSJDVMUVSF

39

We know this: today’s innovation is tomorrow’s standard.

In this section : Research & Development

41

Black Gold

42

The Carbon

44

CEO Talk on Carbon

45

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

AGROCROPS | SUSTAINABILITY REPORT 2023

40

Activated Biochar

Renewable Biogas and Resins

Extending the Peanut Shelflife

Fortified Fertiliser

Vigor Testing System

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Transparency & Accountability

We have invested in enhancing our capabilities to utilize peanut husks, a common waste product, to produce biochar and activated carbon for industrial and agricultural use. This process transforms a global waste material into valuable resources, contributing to sustainability

cient and sustainable resource for producing bio oil and bio gas, which have various industrial applications, including the production of resins and renewable energy.

Stakeholder Engagement

Sustainability Integration

Compliance with Regulations

5SBOTQBSFODZ JT DFOUSBM UP 8F BDUJWFMZ FOHBHF XJUI 4VTUBJOBCJMJUZ JT JOUFHSBM UP 5IF #PBSE FOTVSFT UIBU PVS DPSQPSBUF HPWFSOBODF TUBLFIPMEFST JODMVEJOH PVS DPSQPSBUF HPWFSOBODF JOOPWBUJPO JOJUJBUJWFT 8F BSF DPNNJUUFE UP PQFO JOWFTUPST FNQMPZFFT DVT (SPVQ $&0 PWFSTFFT PVS DPNQMZ XJUI SFHVMBUJPOT BOE led us to develop fortified have contributed to theTUBOEBSET R&D of non-deBOE IPOFTU DPNNVOJDBUJPO Our biochar UPNFSTproject BOE DPNNVOJUJFT

TVTUBJOBCJMJUZ WeTUSBUFHJFT

JOEVTUSZ NJUJHBU security have led us to study coldTUBLFIPMEFST plasma appli- 3FHVMBS biofertilizer, which contains bacteria analysis for phytochemicals and seed XJUI UP VOEFSTUBOE UIFJS beneficial DPO FDP GSJFOEMZ structive BHSJDVMUVSBM JOH SJTLT GSPN OFX UFDIOPM cations. This non-thermalVQEBUFT BOE SFQPSUT QSPWJEF treatment is being that transform less fertile land into moreQSBDUJDFT fertile B vigor testing systems.

Near-Infrared DFSOT BOE FYQFDUBUJPOT 5IJT TVTUBJOBCMF PHJFT Using 8F BEIFSF TUSJDUMZ UP investigated for its ability toJOTJHIUT eliminateJOUP microbes weBOE analyze the protein PVS HPWFS land. FOHBHFNFOU JOGPSNT PVS TVQQMZ DIBJO Spectroscopy BOE QPTJUJWF (NIRS), MPDBM JOUFSOBUJPOBM SFH and reduce aflatoxin contamination.

Cold and fat content in VMBUJPOT peanuts GPTUFSJOH through B non-deOBODF QSBDUJDFT QFSGPS HPWFSOBODF QSBDUJDFT BOE TPDJBM JNQBDU 8F BSF DPN DVMUVSF plasma treatment decreases the metabolism structive hyperspectral NBODF

BOE ofQSPHSFTT IFMQT VT BMJHO PVS TUSBUFHJFT NJUUFE UP DPOUJOVPVT JN PG phenotyping.

DPNQMJBODF Addition3FHVMBS peanuts, thereby increasing their shelf life by HPBMT ally, hyperspectral imagingBOE is used deterUPXBSE TVTUBJOBCJMJUZ XJUI TUBLFIPMEFS JOUFSFTUT QSPWFNFOU HVJEFE CZ PVS BVEJUT MFHBM to SFWJFXT 300%. mine the enzymes responsible germination 0VS GJOBODJBM EJTDMPTVSFT 5IF #PBSE DPOTJEFST TUBLF JOUFHSBM &4( QSJODJQMFT DPOGJSN PVS for BMJHONFOU XJUI in peanuts, significantly saving time compared NFFU JOUFSOBUJPOBM TUBO IPMEFS GFFECBDL JO EFDJ UIF IJHIFTU MFHBM BOE FUIJDBM to traditional physical and chemical methods.

TJPO NBLJOH QSPDFTTFT FO TUBOEBSET DMFBS WJFX PG PVS GJTDBM TVSJOH UIBU PVS HPWFSOBODF IFBMUI QSBDUJDFT SFGMFDU UIF OFFET BOE QSJPSJUJFT PG UIPTF 41

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

11.89 million metric tons

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

Black is Good, Black is Gold Our carbon approach is unique and comprises two distinct approach. We are so passionate about carbon that we have adopted both conventional and innovative strategies. The scale of the carbon challenge is substantial, necessitating both short-term and long-term solutions, as it is an ongoing issue. The global peanut industry produces over 12 million tons of waste a year. Let’s begin by exploring our innovative approach.

With our innovative approach, we have successfully completed the phase of validating scientific solutions for waste management at the laboratory level. Through our project initiative “Black Gold”, Agrocrops aims to convert industry waste into valuable resources, while the industry-wide accepted best practice focuses on generating green energy from this waste.

15.85 Anti-Corruption Measures

million metric tons

(MPCBM QFBOVU IVTL XBTUF UP #JPDIBS TFRVFTUFS NJMMJPO NFUSJD UPOT PG $0ņF

(MPCBM QFBOVU IVTL XBTUF UP "DUJWBUFE #JPDIBS TFRVFTUFS NJMMJPO NFUSJD UPOT PG $0ņF

33% "DUJWBUFE CJPDIBS TFRVFTUFS NPSF DBSCPO UIBO 8F IBWF [FSP UPMFSBODF GPS DPSSVQUJPO JO BOZ

Activated biochar OPO BDUJWBUFE DPVOUFSQBSU GPSN "HSPDSPQT FNQMPZFFT BSF FEVDBUFE PO UIF SJTLT BOE DPOTFRVFODFT PG DPSSVQUJPO BOE SPCVTU NFBTVSFT BSF JO QMBDF UP QSFWFOU BOE EFUFDU DPSSVQU QSBDUJDFT 8F FODPVSBHF 5IF TPJMōT PSHBOJD DBSCPO PG QFBOVU TIFMM CJPDIBS USFBUNFOU XBT B DVMUVSF XIFSF FNQMPZFFT GFFM FNQPXFSFE Biochar treatment NPSF UIBO UIBU PG QFBOVU TIFMM USFBUNFOU UP SFQPSU BOZ VOFUIJDBM CFIBWJPVS

87.62%

Enhancing recycling with Peanut waste Continuous Improvement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

42

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Community Engagement

"Leading pioneering efforts in R&D, I drive Agrocrops' sustainability initiatives, including carbon-neutral peanut supply chains, non-destructive analysis techniques, and innovative bio-circular economy solutions like waste-to-value transformations."

Mr. Sureshkumar K Research & Development

"HSPDSPQT JT DPOTUBOUMZ FOHBHJOH XJUI MPDBM DPNNVOJUJFT XIFSF JU PQ FSBUFT TVQQPSUJOH JOJUJBUJWFT UIBU FO IBODF DPNNVOJUZ XFMM CFJOH 5IJT JODMVEFT IFBMUI BOE FEVDBUJPO QSP HSBNT JOGSBTUSVDUVSF EFWFMPQNFOU BOE QSPKFDUT UIBU QPTJUJWFMZ JNQBDU UIF MPDBM DPNNVOJUZ

Fairtrade Practices *NQMFNFOUJOH GBJS USBEF QSBDUJDFT JO UIF TVQQMZ DIBJO FOTVSFT UIBU GBSNFST BOE

XPSLFST JOWPMWFE JO QFBOVU DVMUJWBUJPO BSF USFBUFE FUIJDBMMZ 5IJT JODMVEFT GBJS XBHFT TBGF XPSLJOH DPOEJUJPOT DPNNVOJUZ EFWFMPQNFOU JOJUJBUJWFT BOE GBDJMJUBUF UIF BDDFTT UP GBSNJOH NBDIJOFT UP TNBMMIPMEFS GBSNFST GSFF PG DPTU

Employee Welfare 1SJPSJUJ[JOH UIF XFMGBSF PG FNQMPZFFT UISPVHI GBJS DPNQFOTBUJPO IFBMUI DBSF CFOFGJUT BOE PQQPSUVOJUJFT GPS QSPGFTTJPOBM EFWFMPQNFOU 1SPWJEJOH B TBGF BOE JODMVTJWF XPSLJOH FOWJSPO NFOU GPTUFST B QPTJUJWF XPSLQMBDF DVMUVSF

8F IBWF CFFO QJPOFFST JO UIF QFBOVU JOEVTUSZ UISPVHI BEBQUBUJPO SFFOHJ Our groundbreaking proOFFSJOH BOE JOUFHSBUJPO #VU XF EPO U jects aim not only to enTUPQ UIFSF "T XF HSPX XF QPTJUJPO hance our competitive edge PVSTFMWFT UP EJTSVQU UIF JOEVTUSZ but also to contribute to the UISPVHI 3FTFBSDI %FWFMPQNFOU #Z broader goal of creating a FNCSBDJOH UIF DPODFQU PG GJSTU NPWFS Philanthropy and BEWBOUBHF XF MFBE UIF XBZ JO EFWFM sustainable and environCommunity Investment PQJOH JOOPWBUJWF TPMVUJPOT UIBU BEESFTT mentally friendly peanut FOWJSPONFOUBM DIBMMFOHFT BOE FOIBODF supply chain. *OWFTUJOH JO QIJMBOUISPQJD BDUJWJUJFT DPNNVOJUZ QFBOVU BOE QSPEVDUT BOE EFWFMPQNFOU QFBOVU MJGF QSPK FDUT TVDI BT FEVDBUJPO TQPOTPSTIJQ TDJFODFT GSFF IFBMUIDBSF BOE NBTT GSFF GPPE QSPHSBNT 5IJT EFNPOTUSBUFT B DPN NJUNFOU UP HJWJOH CBDL UP UIF DPN NVOJUJFT UIBU UIF DPNQBOZ TFSWFT Making Our Peanut Supply Chain Carbon Neutral 0OF PG PVS QJWPUBM QSPKFDUT GPDVTFT PO NBLJOH PVS QFBOVU TVQQMZ DIBJO DBSCPO OFV USBM #Z JOUFHSBUJOH TVTUBJOBCMF GBSNJOH QSBDUJDFT FNJTTJPO SFEVDUJPO BOE JOWFTUJOH JO Ethical Marketing CJP DJSDVMBS FDPOPNZ XF BSF SFEVDJOH PVS DBSCPO GPPUQSJOU 5IJT JOJUJBUJWF OPU POMZ NJUJHBUFT UIF FOWJSPONFOUBM JNQBDU PG QFBOVU QSPEVDUJPO CVU BMTP TFUT B CFODINBSL Practices GPS UIF JOEVTUSZ &OTVSJOH UIBU NBSLFUJOH QSBDUJDFT BSF FUIJDBM BOE SFTQPOTJCMF QSPWJEJOH BD Developing Non-Destructive DVSBUF JOGPSNBUJPO BCPVU UIF QSPE Analysis in Peanuts VDUT BOE BWPJEJOH QSBDUJDFT UIBU 8F BSF BMTP BU UIF GPSFGSPOU PG EFWFMPQJOH OPO EFTUSVDUJWF BOBMZTJT UFDIOJRVFT GPS DPVME CF NJTMFBEJOH PS IBSNGVM QFBOVUT 5IJT JOOPWBUJWF BQQSPBDI BMMPXT VT UP TBWF TBNQMFT BOE FYQFOEJUVSFT XIJMF FOTVSJOH TVTUBJOBCJMJUZ #Z VUJMJ[JOH BEWBODFE UFDIOPMPHJFT XF DBO BOBMZ[F QFBOVUT RVBMJUZ DPOUSPM QSPDFTTFT

Creating a Bio-Circular Economy with Peanut Husk BioStakeholder char as a Fortified Biofertilizer Engagement "OPUIFS TJHOJGJDBOU QSPKFDU JT UIF DSFBUJPO PG QFBOVU IVTL CJPDIBS BT B GPSUJGJFE CJPGFS &OHBHJOH XJUI B XJEF SBOHF PG TUBLF UJMJ[FS 5IJT JOJUJBUJWF JT B QSJNF FYBNQMF PG PVS DPNNJUNFOU UP B CJP DJSDVMBS FDPOP IPMEFST JODMVEJOH MPDBM DPNNVOJUJFT

NZ #Z DPOWFSUJOH QFBOVU IVTL B CZ QSPEVDU PG QFBOVU QSPDFTTJOH JOUP CJPGFSUJMJ[FS TVQQMJFST

DVTUPNFST

BOE OPO HPW XF BSF OPU POMZ SFEVDJOH XBTUF CVU BMTP FOSJDIJOH TPJM IFBMUI BOE QSPNPUJOH SFHFOFS FSONFOUBM PSHBOJ[BUJPOT 3FHVMBS BUJWF BHSJDVMUVSF DPNNVOJDBUJPO BOE GFFECBDL NFDI BOJTNT DBO IFMQ BEESFTT DPODFSOT BOE CVJME QPTJUJWF SFMBUJPOTIJQT

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AGROCROPS | SUSTAINABILITY REPORT 2023

Peanut-Carbon, and the Roadmap to Regenerative Farming Peanuts can become a carbon-friendly crop if we use innovative science approch. However, from developed regions like America to underdeveloped regions such as Africa, the focus on carbon-friendly processes remains limited. Given that peanuts are grown in around 90 country, producing 54 million tons and representing 88% of the global nut market, neglecting carbon considerations would not only be a missed opportunity but also adversely impacting our environment in large scale.

- 5717 KgCO2e net emission

Key Statistics (India Level1 )

Peanut's Farm-level Emissions : 2,341,900 tons CO₂e Peanut's Factory-level Emissions: 2,107,710 tons CO₂e Sequestration from Biochar from Husk: 2,461,230 tons CO₂e

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2679

The public-private partnership was a key instrument of change in agriculture. The founder of MSSRF underlined collaborative models that aim for win-win situation by bringing together the best of the public sector, private enterprises, and civil society organizations. This needs to be scaled up for workability, stimulation of innovation, and growth

Agrocrops' carbon perspectives are both innovative and strategic, aimed not only at minimising adverse impacts but also at creating opportunities for regenerative farming. This approach is a key component of our reengineering strategy.

Peanut Estimated Production in India 2024-25: 10,645,000 Tons

3230

2980 Deeper Public-Private Partnerships

Roughly 95% of peanut-growing regions have yet to adapt to more than 75% of the identified risks and opportunities, indicating that the industry is still in its nascent stage when it comes to carbon accountability.

Net Emission: 1,988,380 tons CO2e ANNEX

Our research highlights both the adverse and potential impacts of peanut across value chains on carbon emissions, as illustrated below. There is a potential to reduce emissions by 55% in the industry by utilizing the waste it generates.

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220 Growth Stage

chain. MSSRF facilitated a partnership with Agrocrops Pvt Ltd and Nallavur Farmer Producer Company Limited (having above 1000 small farmers (above 80% women) as shareholders) in building the Groundnut value chain adopting the fair trade principles.

198

The debate was on how to revitalize policy reform, largely through setting an enabling environment for sustainable development in agriculture. This includes Bio Degrade Post Harvest Shelling the possibility of re-examining the policies on land of Husk & Grading use, water management, and agricultural subsidies with a view to bringing them in line with the long-term objectives of food security, environmental sustainability, and rural prosperity.

270 Power Generation from Husk

Biochar for Carbon Sequestration

Carbon Sequestration

by Activated Biochar

Sequestration

by Bioresin

¹ These statistics were calculated using Indian production and consumption levels, based on the hypothesis: If all peanut plants grown in India were processed domestically with an optimal carbon-related waste management solution, how much emissions could be saved? (55% Savings) ² The calculations provided are estimates based on scientific data and calculators, expressed in units of KgCO₂e per ton. Actual values may vary depending on geography, peanut varieties, and other factors.

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ANNEX

GOVERNANCE

INNOVATION & RESEARCH

Our love for Carbon

+ on

We are fortunate to have crises bringing opportunities beyond our imagination. Our love for carbon emerged from the challenge of managing our waste, which opened up a new universe of possibilities. Today, we have the capability to transform our waste into valuable resources while sequestering carbon and generating carbon credits. This commitment not only drives us beyond basic greenhouse gas measurements but also allows us to commercially offer carbon-free peanuts under our brand.

Carbon will continue to be central to our business evolution in solving global problems using peanut waste.

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SOCIAL

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CONTENTS

AGROCROPS | SUSTAINABILITY REPORT 2023

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Saravanan Lokasundaram CEO Agrocrops 45

Standards that Set New Benchmarks

In this section : Corporate Governance

47

Governance Approach

48

Governing Principles

49

Responsible Social Engagement Framework

50

Governance & Policies

52

Child Labour Prohibition

53

Forced Labour

54

Sustainable Supply Chain

55

Sustainable Sourcing

56

Traceability

58

Fairtrade

59

Our KPIs

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ANNEX

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CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Senior Purchase Manager Shipping Manager

R&D Executive Quality

Factory Managers

Executive Agronomist

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

Domestic Sales Manager

Director Int’l Ops

Purpose Driven Governance "T UIF CFESPDL PG PVS DPNQBOZ DPSQPSBUF HPWFSOBODF JT BO JOUFHSBM QBSU PG PVS DPNNJUNFOU UP TVTUBJOBCJMJUZ 8IFO JU DPNFT UP FTUBCMJTIJOH PVS DVMUVSF NBJOUBJOJOH DPNQMJBODF XJUI SFHVMBUJPOT DVMUJWBUJOH DPOOFDUJPOT XJUI JOUFSOBM BOE FYUFSOBM TUBLFIPME FST BOE FODPVSBHJOH USBOTQBSFODZ BOE EJTDMPTVSFT PVS HPWFSOBODF TUSVDUVSF JT WJUBM 5IFSFGPSF XF NBLF JU B QSJPSJUZ UP NBLF

Director India Ops

Head QA & Sustainability

CMD

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Board of Directors

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CEO

Board Diversity Director Int’l Sales

4

Head HR

Number of Directors

1 Female Director

25% Board Diversity

HR Executive

International Sales Manager International Merchandiser

Admin Executive Manager Audit/Taxation Assistant Manager Finance

Executive Digital Marketing Analyst

Assistant manager Accounts 47

PEANUTS & US

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"(30$3014 ] SUSTAINABILITY REPORT 2023

We believe that sustainable growth is deeply rooted in strong corporate governance, where our commitment to ethics, transparency, and stakeholder value forms the core of Agrocrops' strategy.

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

Board of Directors

Ethical Conduct

Risk Management

Innovation and Adaptability

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5IF #PBSE FOTVSFT UIBU JOOPWBUJPO JOJUJBUJWFT DPNQMZ XJUI SFHVMBUJPOT BOE JOEVTUSZ TUBOEBSET NJUJHBU JOH SJTLT GSPN OFX UFDIOPM PHJFT 8F BEIFSF TUSJDUMZ UP MPDBM BOE JOUFSOBUJPOBM SFH VMBUJPOT GPTUFSJOH B DVMUVSF PG DPNQMJBODF 3FHVMBS BVEJUT BOE MFHBM SFWJFXT DPOGJSN PVS BMJHONFOU XJUI UIF IJHIFTU MFHBM BOE FUIJDBM TUBOEBSET

Ethical Conduct

Compliance & Regulations

Sustainability Integration

Board of Directors

Corporate Governance Framework

Risk Management

Innovation & Adaptability

Stakeholder Engagement Transparency & "DDPVOUBCJMJUZ Accountability

DMFBS WJFX PG PVS GJTDBM IFBMUI

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INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

For us, ethical conduct is not just a corporate value; it is the essence of who we are and how we operate. Our commitment to business ethics extends from our interactions with farmers and workers to our engagement with consumers, suppliers, and the broader community. Please find an overview of our business ethics framework, practices, and ongoing initiatives.

Code of Conduct

Environmental Responsibility

Anti-Corruption Measures

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Fair Labour Practices

Transparency and Communication

Continuous Improvement

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Supplier Code of Conduct

Community Engagement

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INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

In the context of Agrocrops addressing the social pillar of sustainability involves initiatives and practices that contribute to the well-being of the community, employees, and other stakeholders. Our Responsible Social Engagement Framework involves following aspects.

Community Engagement

Social Impact Assessments

Philanthropy and Community Investment

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Fairtrade Practices

Education and Training Programs

Ethical Marketing Practices

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Stakeholder Engagement

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"(30$3014 ] SUSTAINABILITY REPORT 2023

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

The Chief of the M.S. Swaminathan Research Foundation highlighted the pressing need for deeper engagement in India's agricultural sector. In this pivotal address, several critical areas were identified, each requiring immediate attention sector's sustainable and resilient growth.

Strengthening Farmer Support Systems

Tackling the Challenges of Climate Change and Unsustainability

Deeper Public-Private Partnerships

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Encouraging Innovation and Adoption of Technology

Rural Livelihood and Inclusivity

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Ms. Rengalakshmi Raj Development researcher MSSRF 51

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Fostering Sustainable Environment

Governance policies ensure transparency, accountability, and ethical conduct in sustainability practices. These policies provide a structured framework for managing and disclosing ESG impacts. By implementing robust governance policies, companies can enhance their credibility, demonstrate commitment to responsible practices, and build trust with stakeholders.

SOCIAL

ENVIRONMENT

PEANUTS & US

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INNOVATION & RESEARCH

GOVERNANCE

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Non-discrimination and Anti-Harassment Policy Governance and Ethical Conduct

ANNEX

Our Policies

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Human Rights Policy 0VS TUSJOHFOU TUBOEBSET QSJPSJUJ[F XPSLFS TBGFUZ GBJS XBHFT BOE IVNBOF XPSLJOH DPOEJUJPOT 8F DIBNQJPO HFOEFS FRVBMJUZ GPTUFSJOH BO JODMVTJWF FOWJSPONFOU

Anticorruption and Anti-bribery Policy 1PMJDZ JT JOUFOEFE UP PVUMJOF UIF $PNQBOZ T MJBCJMJUZ SJTLT SFMBUFE UP BDUT PG CSJCFSZ BOE DPSSVQUJPO JOWPMWJOH PVS FNQMPZFFT XIJMF EJTDIBSHJOH UIFJS EVUJFT 52

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Child Labour Prohibition The comprehensive hiring policy at Agrocrops explicitly addresses and prohibits child labour, ensuring full compliance with all relevant laws and regulations. This commitment reflects a deep understanding of the ethical implications of child labour and its impact on communities.

The comprehensive hiring policy at Agrocrops explicitly addresses and prohibits child labour, ensuring full compliance with all relevant laws and regulations. This commitment reflects a deep understanding of the ethical implications of child labour and its impact on communities.

Agrocrops aims to contribute to a broader movement against child labour, fostering sustainable development and empowering communities to break the cycle of poverty. By prioritizing ethical practices and supporting initiatives that protect children, Agrocrops demonstrates its dedication to creating a more equitable and just world for all.

Initiatives

Compliance

Child Labour Prevention (Hiring)

100%

Supplier Monitoring through Fairtrade Audit

Ongoing

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INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Agrocrops is steadfast in its commitment to eliminating forced or compulsory labour in all aspects of its operations. The company implements stringent policies and ethical practices that guarantee all employees are engaged voluntarily and retain the freedom to terminate their employment at any time. This fundamental principle not only protects the rights of individuals but also fosters a positive work environment where employees feel valued and empowered.

Our robust hiring policy prohibits forced or compulsory labour and ensures 100% compliance with applicable laws. We also monitor supplier adherence through fairtrade audits.

Our sustainable procurement policy aims to implement supplier code of conduct through supplier education and training. We target to cover 100% suppliers by 2030.

Furthermore, there is a commitment to ensure that at least 50% of Farmers Producer Organizations (FPO) farmers are certified under Fairtrade by 2030.

Initiatives

Compliance

Compliance with Hiring Policy

100%

Sustainable Procurement Policy

100% by 2030

Fairtrade Certification for FPO farmers

50% by 2030

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CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Training Programs "HSPDSPQT BOE '10T IBWF KPJOUMZ PSHBOJ[FE OVNFSPVT USBJOJOH TFTTJPOT BOE XPSLTIPQT GPDVTJOH PO WBSJPVT BTQFDUT PG NPEFSO GBSNJOH UFDIOJRVFT *OUFHSBUFE DSPQ NBOBHFNFOU USBJOJOH *OUFHSBUFE DSPQ QFTU BOE EJTFBTF NBOBHFNFOU JO HSPVOE OVU BOE QBEEZ USBJOJOH

Agrocrops’ sustainable sourcing strategy for groundnuts takes a holistic approach by partnering with Farmer Producer Organizations (FPOs) and providing training through NGOs like the M.S. Swaminathan Research Foundation (MSSRF) and the National Agro Foundation (NAF). This inte-

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Upstream Sourcing

Plant Clinics

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GOVERNANCE

INNOVATION & RESEARCH

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ANNEX

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farmers

Credit link

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Trading

$POUJOVFE /(0 JOWPMWFNFOU CZ QSPWJEJOH UFDIOJDBM BTTJTUBODF BOE NPOJUPSJOH DPNQMJBODF XJUI TVTUBJOBCJMJUZ TUBOEBSET

0VS QBSUOFSTIJQ XJUI /BMMBWVS 'BSNFS 1SPEVDFS $PNQBOZ -JNJUFE IBT QSPWFO IJHIMZ TVDDFTTGVM JO UIF USBEJOH PG HSPVOEOVUT %VSJOH UIJT QFSJPE XF QVSDIBTFE B UPUBM PG NFUSJD UPOT PG HSPVOEOVUT GSPN /BMMBWVS '1$- "EEJUJPOBMMZ XF QSPWJEFE B GBJS USBEF QSFNJVN PG ₹ GPS UIF NFUSJD UPOT TPME MBTU ZFBS

Downstream Impact '10T HBJO BDDFTT UP QSFNJVN NBSLFUT UISPVHI "HSPDSPQT *NQSPWFE MJWFMJIPPET PG HSPVOEOVU GBSNFST EVF UP GBJS USBEF QSBDUJDFT 5IF BEPQUJPO PG TVTUBJOBCMF GBSNJOH QSBDUJDFT QSPNPUJOH FOWJSPONFOUBM TUFXBSETIJQ 4USFOHUIFOJOH SVSBM DPNNVOJUJFT TVDI BT JNQSPWFE FEVDBUJPO IFBMUIDBSF BOE JOGSBTUSVDUVSF JO GBSNJOH DPNNVOJUJFT

5IJT DPMMBCPSBUJPO VOEFSTDPSFT PVS DPNNJUNFOU UP TVQQPSUJOH MPDBM GBSNFST BOE FO

NFOU XF IFMQ /BMMBWVS '1$-ōT NFNCFST TFDVSF UIF CFTU NBSLFU WBMVF GPS UIFJS QSP EVDF 0VS POHPJOH QBSUOFSTIJQ JT B UFTUBNFOU UP UIF NVUVBMMZ CFOFGJDJBM SFMBUJPOTIJQ XF TUSJWF UP CVJME XJUI PVS TVQQMJFST NBLJOH PVS HSPVOEOVU USBEJOH CVTJOFTT B QSPGJU BCMF WFOUVSF GPS BMM JOWPMWFE

Agrocrops values its association with Farmer Producer Organizations (FPOs) as a key component of its commitment to sustainable agricultural practices and community engagement. Our collaboration with FPOs involves supporting their growth and development through capacity-building initiatives, providing technical assistance, and facilitating access to resources and markets. This partnership helps FPOs enhance their opability, leading to better outcomes for their members and the broader agricultural community.

By working closely with FPOs, Agrocrops strengthens its supply chain, promotes sustainable farming practices, and contributes to the overall development of rural economies. This association aligns with our values of corporate responsibility and environmental stewardship, ensuring that our operations benefit not only our business but also the farmers and communities we serve.

55

"(30$3014 ] SUSTAINABILITY REPORT 2023

Our commitment to a sustainable supply chain guides our daily operations, allowing us to meet today’s needs while promoting sustainable development across the entire value chain.

8F QSJPSJUJ[F NJOJNJ[JOH PVS FOWJSPONFOUBM JNQBDU QSPNPUJOH GBJS MBCPS QSBDUJDFT BOE TVQQPSUJOH DPNNVOJUZ XFMM CFJOH XIJDI BMJHOT XJUI PVS FUIJDBM WBMVFT BOE FOIBODFT "HSPDSPQT T SFQVUBUJPO BT B TP DJBMMZ SFTQPOTJCMF PSHBOJ[BUJPO 4VTUBJOBCMF QSPDVSFNFOU JT B LFZ QBSU PG PVS TUSBUFHZ ESJWJOH DPSQPSBUF SFTQPOTJCJMJUZ BOE MPOH UFSN TVDDFTT 5P TVQQPSU UIJT JOJUJBUJWF XF IBWF JNQMFNFOUFE NBOBHFNFOU TZTUFNT UIBU NFFU UIF *40 TUBOEBSE GPS 4VTUBJOBCMF 1SPDVSFNFOU SFJOGPSDJOH PVS DPNNJUNFOU UP SFTQPOTJCMF TPVSDJOH BDSPTT PVS TVQQMZ DIBJO

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4VTUBJOBCMF TVQQMZ DIBJO JT DSVDJBM GPS "HSPDSPQTōT PQFSBUJPO BT JU BMJHOT XJUI SFTQPOTJCMF CVTJOFTT QSBDUJDFT BOE HMPCBM TVTUBJOBCJMJUZ HPBMT #Z JOUFHSBUJOH FOWJSPONFOUBM TPDJBM BOE FUIJDBM DPOTJEFSBUJPOT JOUP PVS QSPDVSFNFOU QSPDFTT XF FOTVSF UIF SFTJMJFODF BOE MPOHFWJUZ PG JUT TVQQMZ DIBJO XIJMF DPOUSJCVUJOH UP QPTJUJWF TPDJBM BOE FOWJSPONFOUBM JNQBDUT 0VS 4VTUBJOBCMF 1SPDVSFNFOU 1PMJDZ QSJPSJUJ[FT TPVSDJOH NB UFSJBMT BOE TFSWJDFT GSPN TVQQMJFST XIP EFNPOTUSBUF TUSPOH FOWJSPO NFOUBM NBOBHFNFOU QSBDUJDFT VQIPME GBJS MBCPVS TUBOEBSET BOE BEIFSF UP FUIJDBM CVTJOFTT DPOEVDU 0VS LFZ QSJPSJUJFT JODMVEF FOWJSPO NFOU TUFXBSETIJQ TPDJBM SFTQPOTJCJMJUZ FUIJDBM CVTJOFTT DPOEVDU BOE QSPEVDU RVBMJUZ BOE TBGFUZ 5P FOTVSF UIF LFZ QSJPSJUJFT BSF NFU XF IBWF CVJMU B SPCVTU GSBNFXPSL UP FOTVSF

Minimizing environment of resources and minimizing waste

by providing the necessary resources and support to help them enhance their practices

Training and equipping our procurement team with the necessary knowledge and skills

Incentives for Excellence

Assessment & Due Diligence

Strategic FrameworkSustainability Supply chain Continuous Monitoring & Improvement

Collaboration & Capacity Building

Emphasizing longevity and recyclability by having a sustainable product design

Prioritizing human rights ensuring that all individuals are treated with dignity and respect

Supporting fair labour practices and ensuring transparency throughout the supply chain

Aligning our procurement practices with sustainability

Establishing clear policies and conducting assessments to ensure that no children are exploited

Adhering to established standards and certifications meeting environmental and social benchmarks

Embracing a circular economy by reducing waste and extending the lifecycle of products

Supporting mental and physical health initiatives for workers

stakeholder engagement

Decisions that prioritize community impact enhancing the well-being of residents

56

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nu

t

What’s the ESG Score of Your Peanut Supply?

Our sustainable sourcing framework is unique and bespoke, aimed at addressing the macro challenges by connecting the micro problems and opportunities. The goal is to integrate while positively impact communities—why not? It’s a long-term approach, and a bold one at that. As an organisation, we persistently tackle our failures until we find success. This initiative should be particularly interesting, as it has the potential to redefine the industry and set industry benchmarks.

When we discuss our sustainable sourcing framework, we aren’t just talking about data and informatics; it goes beyond that. We ask, how can we produce more and better while elevating communities? Our vision for sustainable sourcing is circular, commercially viable, and impactful—this is what gives us our competitive edge, driving growth.

The peanut industry is vast and diverse, requiring a holistic and patient approach. However, the potential for positive impact is immense. Our B2B sustainably sourced peanut brand, “n,” embodies the Golden Framework for Sustainable Sourcing of Peanuts. Success for us means being able to measure, calculate, and analyse the ESG scores of our peanut supplies, creating value that goes far beyond just the nut.

od

GOVERNANCE

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n

AGROCROPS | SUSTAINABILITY REPORT 2023

Mr. Venkateshwarlu CH Assistant Manager - Sustainable Sourcing Agrocrops

e h t

o g

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"(30$3014 ] SUSTAINABILITY REPORT 2023

Agrocrops’ traceability strategy is a cornerstone of its commitment to quality and transparency. By implementing a comprehensive traceability system that tracks peanuts from farm to gate, Agrocrops ensures that its products meet the highest standards of safety and quality, fostering trust and confidence in our system.

"HSPDSPQT JT EFEJDBUFE UP JOTUJUVUJPOBMJ[JOH OPO IVNBO TZTUFNT BOE QSPDFTT ESJWFO TVTUBJOBCMF NPEFMT PG USBDFBCJMJUZ UIBU CFOFGJU CPUI PVS CVTJOFTT BOE UIBU PG PVS DVTUPNFST 8F TUSPOHMZ CFMJFWF UIBU TUFQ MFBET UP TUFQ JO B DPOTJTUFOU GBTIJPO 8IBU CFHBO BT B EBUB MPHHJOH BTTJHONFOU JT OPX USBOTGPSNJOH

Traceability Scale as of 2023:

30% 80%

Domestic Trading Business

100%

30%

40%

USBDFBCMF GSPN 4IFMMFS UP $VTUPNFS INNOVATION & RESEARCH

"HSPDSPQT JT B MFBEFS JO DSFBUJOH B QFBOVU TVQQMZ DIBJO XJUI TDPSJOH CBTFE PO TVTUBJOBCJMJUZ GSBNFXPSLT UIBU BSF VOJRVF JO UIF JOEVTUSZ

Export Business

80%

USBDFBCMF GSPN 4IJQQFS UP $VTUPNFS

Consumer Business

100%

USBDFBCMF GSPN GBSNFS UP DVTUPNFS

Traceability Scale

Value-Added Business

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GOVERNANCE

40%

USBDFBCMF GSPN GBSNFS UP DVTUPNFS

5IF OFYU QIBTF PG PVS USBDFBCJMJUZ QSPHSBN JT DFOUFSFE PO &4( WBSJBCMFT BMMPXJOH VT UP UBLF B IPMJTUJD BQQSPBDI BOE QSPWJEF PVS DVTUPNFST XJUI TVTUBJOBCMZ TPVSDFE QFBOVUT 58

ANNEX

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INNOVATION & RESEARCH

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"(30$3014 ] SUSTAINABILITY REPORT 2023

1

2

3

4

Fair Pricing

Ethical Working Conditions

Environmental Sustainability

Community Development

Fairtrade Minimum Price

Labor Standards

Sustainable Farming Practices

Investing in Communities

"HSPDSPQT HVBSBOUFFT UIBU GBSNFST SFDFJWF B 'BJSUSBEF .JOJNVN 1SJDF GPS UIFJS QSPEVDF XIJDI BDUT BT B TBGFUZ OFU UP QSPUFDU UIFN GSPN WPMBUJMF NBSLFU DPOEJUJPOT 5IJT FOTVSFT UIBU GBSNFST DBO DPWFS UIFJS QSPEVDUJPO DPTUT BOE NBJOUBJO B TVTUBJOBCMF MJWFMJIPPE FWFO XIFO NBSLFU QSJDF GBMMT

'BJSUSBEF DFSUJGJDBUJPO SFRVJSFT "HSPDSPQT UP DPNQMZ XJUI TUSJDU MBCPS TUBOEBSET JODMVEJOH FOTVSJOH UIBU XPSLFST IBWF TBGF XPSLJOH DPO EJUJPOT GBJS XBHFT BOE UIF SJHIU UP GPSN BOE KPJO USBEF VOJPOT 5IF DFSUJGJDBUJPO BMTP QSP IJCJUT DIJME MBCPS BOE GPSDFE MBCPS BMJHOJOH XJUI JOUFSOBUJPOBM IVNBO SJHIUT TUBOEBSET

'BJSUSBEF TUBOEBSET QSPNPUF FOWJSPONFOUBMMZ TVTUBJOBCMF GBSNJOH QSBDUJDFT "HSPDSPQT XPSLT XJUI GBSNFST UP NJOJNJ[F UIF VTF PG IBSNGVM DIFNJDBMT QSPUFDU OBUVSBM SFTPVSDFT BOE QSPNPUF CJPEJWFSTJUZ 5IF DFSUJGJDBUJPO FO DPVSBHFT (PPE GBSNJOH NFUIPET BOE TVQ QPSUT UIF USBOTJUJPO UP NPSF TVTUBJOBCMF BHSJ DVMUVSBM QSBDUJDFT

5IF 'BJSUSBEF 1SFNJVN BMMPXT "HSPDSPQT UP JOWFTU JO DPNNVOJUZ EFWFMPQNFOU QSPKFDUT UIBU JNQSPWF UIF RVBMJUZ PG MJGF GPS GBSNFST BOE UIFJS GBNJMJFT 5IJT NBZ JODMVEF QSPKFDUT SFMBUFE UP FEVDBUJPO IFBMUIDBSF DMFBO XBUFS BOE JOGSBTUSVDUVSF EFWFMPQNFOU

Fairtrade Premium

Gender Equality

Climate Resilience

Empowerment of Farmers

*O BEEJUJPO UP UIF NJOJNVN QSJDF "HSPDSPQT QBZT B 'BJSUSBEF 1SFNJVN XIJDI JT BO FYUSB TVN PG NPOFZ UIBU HPFT EJSFDUMZ UP GBSNFST BOE GBSNJOH DPNNVOJUJFT 5IJT QSFNJVN JT PGUFO VTFE UP JOWFTU JO TPDJBM FDPOPNJD PS FOWJSPONFOUBM QSPKFDUT TVDI BT CVJMEJOH TDIPPMT JNQSPWJOH JOGSBTUSVDUVSF PS BEPQUJOH TVTUBJOBCMF GBSNJOH QSBDUJDFT

"HSPDSPQT JT DPNNJUUFE UP QSPNPUJOH HFOEFS FRVBMJUZ UISPVHI JUT 'BJSUSBEF QSBDUJDFT 5IJT JODMVEFT TVQQPSUJOH FRVBM PQQPSUVOJUJFT GPS XPNFO JO GBSNJOH BOE FOTVSJOH UIBU XPNFO IBWF BDDFTT UP USBJOJOH SFTPVSDFT BOE MFBEFS TIJQ SPMFT XJUIJO GBSNJOH DPPQFSBUJWFT

'BJSUSBEF DFSUJGJDBUJPO BMTP GPDVTFT PO CVJMEJOH DMJNBUF SFTJMJFODF BNPOH GBSNFST "HSPDSPQT QSPWJEFT USBJOJOH BOE SFTPVSDFT UP IFMQ GBSN FST BEBQU UP UIF JNQBDUT PG DMJNBUF DIBOHF TVDI BT TIJGUJOH XFBUIFS QBUUFSOT BOE JODSFBTFE QFTU QSFTTVSF

'BJSUSBEF DFSUJGJDBUJPO FNQPXFST GBSNFST CZ HJWJOH UIFN B TUSPOHFS WPJDF JO UIF TVQQMZ DIBJO "HSPDSPQT XPSLT DMPTFMZ XJUI GBSNFS DPPQFSBUJWFT UP FOTVSF UIBU UIFZ IBWF B TBZ JO IPX UIF 'BJSUSBEF 1SFNJVN JT VTFE BOE UIBU UIFZ CFOFGJU EJSFDUMZ GSPN UIF DFSUJGJDBUJPO

Agrocrops’ achievement in Fairtrade certification reflects its commitment to ethical trading practices, social responsibility, and sustainability. Fairtrade certification ensures that the company adheres to rigorous standards that promote fair working conditions, environmentally sustainable practices, and equitable trading relationships with farmers.

Consumer Confidence 5IF 'BJSUSBEF MBCFM PO "HSPDSPQT QSPEVDUT BT TVSFT DPOTVNFST UIBU UIF QSPEVDUT UIFZ BSF QVSDIBTJOH IBWF CFFO QSPEVDFE JO B TPDJBMMZ BOE FOWJSPONFOUBMMZ SFTQPOTJCMF NBOOFS 5IJT USBOTQBSFODZ CVJMET USVTU XJUI DPOTVNFST XIP BSF JODSFBTJOHMZ DPODFSOFE BCPVU UIF FUIJDBM BOE FOWJSPONFOUBM JNQBDU PG UIFJS QVSDIBTFT 59

CONTENTS

AGROCROPS | SUSTAINABILITY REPORT 2023

Completed

PEANUTS & US

Environment SDGs

Strategic Objectives Define net-zero roadmap based on the carbon footprint assessment including scope-3 emissions.

SDGs

Established the GHG emissions baseline inventory for Scope 1, 2, and 3, enabling us to define targets.

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

Identifying net-zero alliances and pledging for carbon neutrality, collaborating with industry partners to

Set up solar power plants (reduce the dependency on scope-2 emissions).

Identified energy intense sites in the operation.

Conducting feasibility analysis and project plan for the identified sites.

Monitoring, report and become water positive by 2030 for all facilities/ processing units.

Revitalized ponds for farmers for irrigation.

Rejuvenating farm wells enabling rain water harvesting.

Improved soil health for farmer producers/suppliers: reduced use of chemical application and improved organic carbon through supply of biological farm inputs under FPO procurement under sustainable farming capacity building- establish baseline of farmers in 2024 and set reduction targets.

Conducted soil nutrition development programs through the promotion of farmyard manure and micro-nutrient applications for FPOs in Tamil Nadu.

Improved biodiversity through tree

Provided 10,000 tree saplings to FPOs in partnership with NAPP.

facilities and in partnership with FPOs for farmers.

Target programs to expand our success stories by collaborating with other FPOs in the Agrocrop’s value chain through.

Identify

strategic

partnership

to

ANNEX

GOVERNANCE

like Miyawaki, sampling plantation, etc.

Establish and convert production waste into biochar/ bio-fuel.

In final stages of research to convert production waste into biochar.

Develop fortified biofertilizer, that transforms soil fertility for thriving ecosystems.

Strategic Objectives

Future plan

Governance

Social Action plan(s)

Ongoing

Action plan(s)

SDGs

Strategic Objectives

Action plan(s)

Implementation of sustainable procurement:

Obtained Fairtrade certification for 1000 farmers.

Implementation of governance committees

Formed the governance committee and identified key members.

• Complete supply chain traceability – 75% by 2030.

• Fairtrade certification by FPO farmers – 50% by 2030.

• Continue to upgrade and obtain existing and new sustainability certifications.

• Fairtrade, GlobalGAP, ProTerra and ISCC, etc.

Global GAP certification for 12 farmers.

Monitoring and Reporting on grievance mechanism, whistle blower policy, health and safety committee, anti-corruption policy, code of ethics, etc.

Implementing the objectives, roles and responsibilities of the committee.

Obtain Bcorp certification (ESG) in CY 2024 for the group company.

Implementing management systems for B-Corp certification.

Workers economic development, health and safety:

Conducted annual awareness training sessions on safety, include mock drills and emergency preparedness exercises.

• Establish formal contract for temporary workers by 2025, 50% by 2030.

• 100% compliance with minimum wages in CY 2024.

• Continue to ensure prevention of child labour, forced/compulsory labour of 100%.

• Continuous trainings on workplace safety, professional development.

Obtaining Rainforest Alliance certification for 300 farmers.

Annual training plan for health and safety for employees, and farmers.

Social impact Assessment in 2024, continue to publish the results of social impact in the annual sustainability report from 2024 (to cover FPO procurement, HOPE program, fairtrade and GlobalAP).

Implementing management systems for B-Corp certification.

Expansion of community engagements through partnerships (SDG-17) for the sustainable management of groundnut and chilly production (SDG-12) FPO procurement from the current 1% to 6% by 2024 and 22% by 2030 - also addresses food security (SDG-2), food safety/ traceability.

Expanding the collaborations with FPOs to improve the sustainable production, through fair trade practices.

Community development-continue to support the needy children for educational support.

Identified the families in need and invested in their child’s education.

Implementing i-Nut and geotagging practices to enhance food security and traceability.

We believe that businesses hold a key responsibility in fostering peace and prosperity for both people and the planet, today and for future generations. At Agrocrops, we are actively contributing to several of the Sustainable Development Goals (SDGs), as outlined by the United Nations’ 193 Member States. Through our initiatives in sustainable agriculture, supporting smallholder farmers, and promoting environmental stewardship, we are aligning our operations to advance these global goals.

60

Supplementary yet noteworthy information.

In this section : Net zero

62

Gri Index

64

Disclaimer

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AGROCROPS | SUSTAINABILITY REPORT 2023 CONTENTS

Systematic measurement of ESG to evaluate supply chain

Timeline

PEANUTS & US

2025 ESG ERP

Scope

MeasureMitigate-Monitor

Enhance the value chain by increasing remuneration through strategic marketing of ESG-scored supplies

Timeline

Timeline

1, 2, 3 2025

Although we measure Scope 1, 2, and 3 emissions, our NET+ strategy is committed to ensuring that our peanut supplies become fully carbon neutral. This is not just a goal, but a challenge that pushes us to explore the delicate balance between convention and innovation.

Our long-term ambition is to lead the peanut industry towards a carbon-neutral future, while continuing to deliver high-quality products to our clients, ensuring that both the environment and our supply chain partners benefit from this sustainable transformation in driving meaningful progress toward carbon neutrality.

Accreditation

Certification & validation

Timeline

2025-2026

2025

Biochar

Carbon Credits Certified carbon credits

Insetting gains through biochar and activated carbon

Timeline

2029

Timeline

2027 Resins

Peanut +

Renewable resin sources amplify insetting benefits

Carbon-neutral peanut supply

Timeline

2029

2027

+

Timeline

on

SOCIAL INNOVATION & RESEARCH GOVERNANCE

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Circularity & Traceability

rb

ENVIRONMENT

GHG Emissions

o Zer

Ca

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Honouring the People who Shape who We are

63

Statement of use

Agrocrops India Private Limited has reported in accordance with the GRI Standards for the period 2023.

GRI 1 used

GRI 1: Foundation 2021

Gri Standard/ Other Source General Disclosure GRI 2: General Disclosures 2021

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

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AGROCROPS | SUSTAINABILITY REPORT 2023

Location

Disclosure

Location

Economic performance 2-1 Organizational details

About Agrocrops, page 10

2-2 Entities included in the organization’s sustainability reporting

As per the financial reporting boundary of Agrocrops India Private Limited

2-3 Reporting period, frequency and contact point

Reporting Period: 2023 Frequency: Annual For any queries on this report, please contact i agrocrops.com.

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 201: Economic Performance 2016

201-1 Direct economic value generated and distributed

Not reported as we are in the process of integrating business operations

201-2 Financial implications and other risks and opportunities due to climate change

Not reported as we are in the process of integrating business operations

201-3 Defined benefit plan obligations and other retirement plans

No retirement plans

201-4 Financial assistance received from government

No financial assistance received from the government during the reported year

2-4 Restatements of information

Not applicable

2-5 External assurance

No External Assurance

2-6 Activities, value chain and other business relationships

Sustainable Supply Chain, page 55

2-7 Employees

Workforce Diversity, page 31

2-8 Workers who are not employees

Workforce Diversity, page 31

2-9 Governance structure and composition

Corporate Governance, page 47

2-10 Nomination and selection of the highest governance body

Corporate Governance, page 47

2-11 Chair of the highest governance body

Corporate Governance, page 47

2-12 Role of the highest governance body in overseeing the management of impacts

Corporate Governance, page 47

2-13 Delegation of responsibility for managing impacts

Corporate Governance, page 47

Procurement practices

2-14 Role of the highest governance body in sustainability reporting

Corporate Governance, page 47

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

2-15 Conflicts of interest

Not applicable

204-1 Proportion of spending on local suppliers

100% of our suppliers is from local suppliers

2-16 Communication of critical concerns

Not applicable

GRI 204: Procurement Practices 2016

2-17 Collective knowledge of the highest governance body

Corporate Governance, page 47

2-18 Evaluation of the performance of the highest governance body

Not applicable

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

2-19 Remuneration policies

Not applicable

GRI 205: Anti-corruption 2016

205-1 Operations assessed for risks related to corruption

Our entire operations are assessed and we are corruption free

2-20 Process to determine remuneration

Not applicable

205-2 Communication and training about anti-corruption policies and procedures

2-21 Annual total compensation ratio

Not applicable

2-22 Statement on sustainable development strategy

Our KPIs, page 60

Our induction training covers anti-corruption policies and procedures. We regularly conduct business ethics training to all our employees.

2-23 Policy commitments

Governance & Policies, page 52

205-3 Confirmed incidents of corruption and actions taken

No corruption incidents reported in the reporting year

2-24 Embedding policy commitments

Governance & Policies, page 52

2-25 Processes to remediate negative impacts

Our KPIs, page 60

2-26 Mechanisms for seeking advice and raising concerns

Market presence

2-15 Conflicts of interest

Not applicable

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 202: Market Presence 2016

202-2 Proportion of senior management hired from the local community

100% of our senior management is from local community

Indirect economic impacts

2-20 Process to determine remuneration

Not applicable

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 203: Indirect Economic Impacts 2016

203-1 Infrastructure investments and services supported

Confidential data. Hence not reported

203-2 Significant indirect economic impacts

Confidential data. Hence not reported

2-13 Delegation of responsibility for managing impacts

Anti-corruption

Anti-competitive behaviour

2-15 Conflicts of interest

Not applicable

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

Governance & Policies, page 52

GRI 206: Anti-competitive Behaviour 2016

206-1 Legal actions for anti-competitive behaviour, anti-trust, and monopoly practices

No legal actions reported in the reporting year

2-27 Compliance with laws and regulations

Not applicable

Water and effluents

2-28 Membership associations

Transforming Indian Agriculture, page 51

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

2-29 Approach to stakeholder engagement

Stakeholder Engagement, page 18

303-1 Interactions with water as a shared resource

Water Stewardship, page 25

2-30 Collective bargaining agreements

Not applicable

GRI 303: Water and Effluents 2018

303-2 Management of water discharge-related impacts

No water effluents in operations

303-3 Water withdrawal

The water withdrawn is for domestic use only.

303-4 Water discharge

Water discharge is not currently measured.

The effluents contain domestic waste only.

303-5 Water consumption

The water consumption is for domestic use only.

Material Topics GRI 3: Material Topics 2021

ANNEX

Disclosure

Gri Standard/ Other Source

3-1 Process to determine material topics

ESG Materiality Matrix, page 17

3-2 List of material topics

Materiality Assessment, page 16

2-13 Delegation of responsibility for managing impacts

64

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AGROCROPS | SUSTAINABILITY REPORT 2023

Gri Standard/ Other Source

Location

Emissions

Disclosure

Location

3-3 Management of material topics

Materiality Assessment, page 16

Non-discrimination

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 3: Material Topics 2021

GRI 305: Emissions 2016

305-1 Direct (Scope 1) GHG emissions

Climate Change, page 24

305-2 Energy indirect (Scope 2) GHG emissions

Climate Change, page 24

GRI 406: Non-discrimination 406-1 Incidents of discrimination and corrective actions taken 2016

305-3 Other indirect (Scope 3) GHG emissions

Climate Change, page 24

305-4 GHG emissions intensity

Climate Change, page 24

305-5 Reduction of GHG emissions

Climate Change, page 24

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 306: Waste 2020

306-1 Waste generation and significant waste-related impacts

Waste Management, page 26

306-2 Management of significant waste-related impacts

Waste Management, page 26

306-3 Waste generated

Waste Management, page 26

306-4 Waste diverted from disposal

Waste Management, page 26

306-5 Waste directed to disposal

Waste Management, page 26

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 306: Waste 2020

401-2 Benefits provided to full-time employees that are not provided to temporary or part-time employees

Workforce Welfare, page 30

401-3 Parental leave

Parental leave was not availed during the reporting period

Waste

Employment

No incidents reported

Freedom of association and collective bargaining GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 407: Freedom of Association and Collective Bargaining 2016

407-1 Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk

Not applicable

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 408: Child Labor 2016

408-1 Operations and suppliers at significant risk for incidents of child labour

Child Labour Prohibition, page 53

Child labour

Forced or compulsory labour GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 409: Forced or Compulsory Labor 2016

409-1 Operations and suppliers at significant risk for incidents of forced or compulsory labour

Forced/Compulsory Labour Prohibition, page 54

GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 415: Public Policy 2016

415-1 Political contributions

Not applicable

Public policy

Occupational health and safety GRI 3: Material Topics 2021

3-3 Management of material topics

Materiality Assessment, page 16

GRI 403: Occupational \ Health and Safety 2018

403-1 Occupational health and safety management system

Health & Safety, page 32

403-2 Hazard identification, risk assessment, and incident investigation

Health & Safety, page 32

403-3 Occupational health services

Health & Safety, page 32

403-4 Worker participation, consultation, and communication on occupational health and safety

Health & Safety, page 32

403-5 Worker training on occupational health and safety

Health & Safety, page 32

403-6 Promotion of worker health

Health & Safety, page 32

403-7 Prevention and mitigation of occupational health and safety impacts directly linked by business relationships

Health & Safety, page 32

403-8 Workers covered by an occupational health and safety management system

100% of our workers are covered by an occupational health and safety

403-9 Work-related injuries

No work related injuries reported in the reporting period

403-10 Work-related ill health

No work related ill health reported

Diversity and equal opportunity GRI 3: Material Topics 2021

ANNEX

Disclosure

Gri Standard/ Other Source

3-3 Management of material topics

GRI 405: Diversity and Equal 405-1 Diversity of governance bodies and employees Opportunity 2016

Materiality Assessment, page 16 Workforce Diversity, page 31

65

ANNEX

GOVERNANCE

INNOVATION & RESEARCH

SOCIAL

ENVIRONMENT

PEANUTS & US

CONTENTS

"(30$3014 ] SUSTAINABILITY REPORT 2023

Although it is true that all peanuts in the world originated from a single hybridization event through the cross-pollination of two bean species, our disclaimer is as follows:

Standards Inform our approach to Including disclosures in this Sustainability Report. Any references to "ESG" or similar terms in this report are This Sustainability Report is not intended to, nor can it be relled on, create legal relations, rights or obligations or construed as an Agrocrops commitment to undertake any legal obligations. Any legal obligation and commitments referenced in It shall be Interpreted and construed in the context of the relevant applicable legal Instrument(s). Nothing In this Sustainability Report shall be regarded as a representation, fact or accurate description of past or present events, except that those are public or common knowledge, the sole direct responsibility or property of Agrocrops and are not disputed by any third party. No reports, documents or websites cited or referred to in this Sustainability Report shall be deemed part of It (except if Agrocrops have prepared them and are Agrocrops property). Agrocrops makes no representation or warranty regarding the quality, comForward-looking statements Issued In this Sustainability Report relate to, among other things, Agrocrops' goals, commitments, aspirations or to many factors. Agrocrops does not undertake to update any such Information in this Sustainability Report or any forward-looking statements. The Sustainability Report is subject to change without notice.

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