Sustainability Report 2021 CMI Capital

2021 REPORT SUSTAINABILITY

OUR 2021 SUSTAINABILITY REPORT

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The CMI Capital 2021 Sustainability Report shows the effort and results achieved in environmental, social and governance (ASG) issues integrating information from our three business units.

The report was prepared following the guidelines of the Global Reporting Initiative (GRI) in the essential version and includes: our material topics according to our stakeholders and our contribution to the Sustainable Development Goals (SDGs), as well as our commitment to the Principles of the Global Compact, and information relevant to our investors using the Sustainability Accounting Standards Board (SASB) indicators.

The information presented here is annual and corresponds to the cycle from January to December 2021. While this is our third report, we still have a road ahead and we are working on homogenizing all the indicators so that we can compare them.

The report has been verified by an independent external party of the Center for the Action of Corporate Social Responsibility in Guatemala (CENTRARSE), an organization specialized on the issue, which is part of the INTEGRARSE network, the Global Compact, the World Business Council for Sustainable Development (WBCSD) and is a GRI Partner.

For questions about this report, you can contact us by email: cmic-relacionespublicas@somoscmi.com.

WE SUPPORT THE GLOBAL COMPACT

WE INVEST WITH PURPOSE

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The CMI Capital group was integrated in 2018, in order to generate synergies between the nergy, real estate development and finance businesses, which had different history and context, but which are all part of Corporación Multi Inversiones. In structuring CMI Capital, we analyzed the different areas of convergence between the three units linked to capital-intensive investments in businesses that can drive sustainability. This is how, after frequently asking ourselves the reason of our group, we defined our purpose, “generating impact investments that drive sustainable development”. Since then, our purpose has been our compass to define where we invest our capital and how we should drive the business moving forward.

Our goal is to be the catalysts for change in the countries where we invest promoting sustainable development so that more companies join in the transition to a more conscious leadership. For us, that means capitalizing on businesses that improve the conditions of people and the planet while we grow too.

Through our three business units: Energy Unit, Real Estate Development Unit, and Finance Unit, we have the capacity to “provide integrated solutions to lead sustainable transformations”, for which we continue to strengthen our capacities. We have an inspiring and challenging purpose that guides us to improve continually. Impact investments move us in the right direction, and we are on that path.

MENSAJE DE NUESTRO CEO

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The region in which CMI Capital operates faces increasing social, environmental, economic, and political challenges that require constant transformation and conscious leadership that is the driving force for a new way of generating business. The problems of other people affect all of us, and it is therefore imperative that the private sector be involved in searching for solutions. This last year, 2021 has been a complex year, in which the crisis generated by COVID-19 spread and the world faced climate anomalies that confirm the predictions that the Intergovernmental Panel on Climate Change (IPCC) has constantly stated. Family migration continued in the Northern Triangle and several Latin American countries faced protests of disconformity with governments in office.

Given this panorama, our company is committed to “generating impact investments that drive sustainable development”, which have the potential to reduce environmental, social and economic pressures that our world faces. This situation is reflected in

our commitment to decarbonize the energy matrix, through our renewable energy projects; hydraulic, wind and solar, with an installed capacity of 818 MW. This makes us the leading renewable energy company in the Central American region.

Similarly, through our construction projects we have the goal of providing affordable housing to the population and economic development opportunities for entrepreneurs who form part of our network of Pradera shopping malls. As CMI Capital we have the vision to offer ‘build to suit’ comprehensive solutions for our clients that require more sustainable and efficient building spaces, integrating our three ca-

pacities: power generation, construction and financial.

We believe that it is possible to improve the circumstances of the countries where we operate with integrated interventions that consider environmental, social, and economic issues of our surroundings to be consistent with our purpose of driving sustainable development.

In this sense, we strive to ensure that decarbonization, construction, and access to financing go hand in hand with socio-economic development and reducing externalities. Therefore, we not only achieve the change we want to see, but we also help in the transformation process of other companies that are on the same path.

In 2021, we avoided 1 685 117 tons of CO2 emissions, and completed Torre 2 of San Isidro 2021, that includes more than three blocks of amenities and green areas. In addition, we consolidated the drivers of our financial unit into four: investment banking, private and corporate banking, and insurance management. With the support and strength of our team, we managed to make the largest green bond placement of a renewable energy company in Central America and the Caribbean for USD 700 million.

In addition, we began the process of defining our sustainability strategy toward 2030 and measured our impact, which according to the Total Impact Measure and Management methodology is positive and is approximately USD 260 million. All this, following our values REIR (Responsibility, Excellence, Integrity and Respect) [LAUGH], as well as our commitment to the Sustainable Development Goals and the Ten Principles of the Global Compact, which we strengthen each year. Our commitment to sustainability is inherent and we will continue to work to leave a positive footprint in every place where we invest.

ENRIQUE CRESPO

CEO

CMI CAPITAL

CMI CAPITAL LEADERSHIP TEAM

RICARDO

RODOLFO

JAY

Three business units with a single purpose:

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Energy Division Real Estate Development Unit Finance Unit

Due to the energy crisis in Guatemala in the 1980’s, CMI began evaluating investing in renewable energy.

As of 2016, the Energy Unit expanded operations to the rest of Central America.

It was founded 35 years ago to design and sell real estate, as well as managing the Pradera shopping malls. To date, Real Estate Development has developed more than one million square meters.

The Finance Unit started operating more than 20 years ago.

Currently, it has four lines of business that include treasury, financial, insurance and brokerage services. Our financial company is the third largest in Guatemala.

“To generate impact investments that drive sustainable development”

THREE BUSINESS UNITS

focused on the same purpose:

GRI 102-10, 102-51, 102-52

2018 2019 2020 2021 2022

The three business units are integrated into the Capital Group.

We defined our proposal to “create impact investments that drive sustainable development” and integrate our first sustainability report.

The pandemic required us to focus on caring for our associates, therefore the development of our sustainability strategy was placed on hold.

We measured our impact with the Total Impact Measurement and Management methodology and define two axes on sustainability: sustainable operations and solutions.

In 2022, we will identify the goals of our sustainability strategy.

“To generate impact investments that drive sustainable development”

ABOUT CMI CAPITAL

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CMI CAPITAL

CMI Capital is one of two groups of Corporación Multi Inversiones (CMI), a Latin-American family corporation.

WITH MORE THAN 100 YEARS OF EXPERIENCE

It has operations in:

Guatemala El Salvador

Honduras Nicaragua Costa Rica

Dominican Republic

The group integrates and coordinates three business units that were founded by Corporación Multi Inversiones at different times:

ENERGY UNIT

Also known as CMI Energía, it integrates all operations related to the generation of clean energy. Currently, the Energy Unit has an installed capacity of 818 MW, using hydraulic, wind and solar technology. In addition, the Energy Unit issues carbon credits and designs and installs generation projects distributed to industrial customers.

REAL ESTATE DEVELOPMENT UNIT

It integrates the sales and rental projects that the group coordinates. In the rental projects, the chain of 13 shopping malls that the company has in Guatemala stand out, as well as the administration of several assets such as Torre Real, San Isidro Torre I, Apartamentos Vistares and Zona Pradera. Sales integrates design and construction projects developed by Multi-Proyectos, wich vary, year by year, but include horizontal and vertical housing and built-to-suit real estate.

FINANCE UNIT

The Finance Unit integrates the investment bank (Financiera Consolidated, S. A.), ASEMSA, the CMI insurance and securities brokerage business line.

OUR OFFER

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At CMI Capital we aim to generate impact investments that drive sustainable development. This, through our three business units, which are in a constant process of innovation and transformation. Our strategic approach allows us to generate value through our renewable energy generation businesses, design and construction of real estate projects, and access to financing.

We strive to offer integrated solutions to lead sustainable transformations in the countries where we operate. We have the ability to adapt our products and services to the needs of our clients: from distributed power generation projects, the sale of carbon credits, the design and construction of housing and commercial real estate, to financing companies, which places us in a privileged position to deliver value allowing us to improve constantly.

Consistent with our purpose, we support customers and suppliers in their transformation towards a more sustainable world.

CMI aims to be a world-class organization in products, processes, and human capital, participating significantly in several markets and growing strategically with outstanding and sustainable profitability.

Latin-American family corporation over 100 years old

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CMI Capital is part of the Corporación Multi Inversiones (CMI), a Latin-American family company with a history of more than 100 years. Pioneer company in the Central-American region operating in 16 countries with more than 40,000 employees. Founded in Guatemala in 1920, it preserves the legacy of its founder Juan Bautista Gutierrez.

As part of CMI we share the vision and mission of:

To be an international corporation, leader in relevant and selectively diversified businesses that generate sustained value for its shareholders, consumers, customers, suppliers, associates and the community.

REIR VALUES

Responsibility, Excellence, Integrity and Respect

GRI 102-16, 102-17, 102-29, 102-34, 102-43, 205-1, 205-2 SASB FN-CB-510a.2, FN-IB-510a.2 Global Compact: Principle 1 to 7,10

We are a company founded on values. For us, Responsibility, Excellence, Integrity and Respect (REIR) [Laugh in Spanish] are the way we measure our success. Our Code of Ethics is signed by all our workers and we encourage behaviors that are expected and not tolerated in our SomosCMI culture.

In 2021, we strengthened our SomosCMI culture by establishing the behaviors under which we act and interact. During the year, we conducted a survey of our associates on the SomosCMI culture and as a result, several action plans were developed.

To ensure compliance with our REIR values and the expected and non-tolerated behaviors, we have CMI te Escucha (CMI Listens to You) and a Corporate Ethics Committee.

Through CMI te Escucha, our different interest groups can denounce any violation to our Code of Ethics. For more information, please visit www.cmiteescucha.com.

In order to promote values, several courses were held during the year, with the participation of about 80% of our associates. In previous years, a higher percentage of our associates was trained. We hope to achieve this again, in the coming years. To support the facilitation process, we have 48 associates who have been trained as facilitators on the Code of Ethics.

The Ethics Committee is responsible for analyzing complaints of non-compliance with the Code of Ethics and defines the measures to be followed. Such measures may include administrative, civil or criminal sanctions, depending on the case, and are analyzed by the Directorates-General and the Board of Directors.

In 2021, we received 33 complaints to the Code of Ethics, which were dealt with, according to the case, by corrective actions, dismissals, and verbal and written warnings.

The following describes our values, and expected and non-tolerated behaviors:

•

• I act according to our lega cy, with family warmth and genuine interest in people.

• I listen attentively and I’m able to put myself in the other’s position.

• I promote an environment in which people “come to work happy and go back home happy.”

• I value people who are di fferent for their ideas and contributions, and not on how I would like them to be.

Warmth of a family business

Solidity and trustworthy tradition with local flavor Passion for the customer with quality products and solutions

The opportunity to grow together Sustainable development with an impact on people, families and communities

Responsible, upright and transparent citizen

GOVERNANCE

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MI Capital is one of two business groups of Corporación Multi Inversiones (CMI), a Latin-American family corporation. The corporate structure is as follows:

GOVERNANCE

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The governance structure of Corporación Multi Inversiones, which includes the structure of CMI Capital consists of:

CMI’s GENERAL SHAREHOLDERS’ ASSEMBLY

All shareholders of the company participate. One of its duties is to elect the representatives for the General Assembly of Shareholders’ Representatives.

GENERAL ASSEMBLY OF SHAREHOLDERS’ REPRESENTATIVES

The General Assembly of Shareholders’ Representatives includes those appointed by the General Meeting of Shareholders who can take patrimonial decisions according to the Magna Carta.

One of the duties of the General Assembly of Shareholders’ Representatives is to elect the Chair of each CMI Business Group (Food and Capital).

CORPORATE BOARD OF DIRECTORS

The Corporate Board includes the chairman of the Food Group and the chairman of the Capital Group, as well as the CEOs of each group, external directors and a secretary. The Corporate Board of Directors follows up on the strategic plans and the results of each group.

CMI CAPITAL Delegated Committee

Two Presidents, Capital’s CEO and external directors participate in the Delegated Committee. The Delegated Committee approves and ensures compliance with CMI Capital’s strategic plan and approves large projects.

Audit and Compliance Committee

The Audit and Compliance Committee is composed of members of the Corporate Board of Directors and external directors. The Committee’s role is to ensure compliance with the Stakeholder Engagement and Anti-Bribery Policy, as well as the Internal Audit Statute.

CMI Capital Leadership Team (ELCAPI)

The Business Units Directors of CMI Capital participate in ELCAPI: Energy, Real Estate Development and Finance, together with CMI Capital’s CEO, the Director of Corporate Affairs and Sustainability, the IT and CFO, the Legal Director and the Director of Human Resources.

To support these processes, we have a Director of Corporate Governance, who oversees compliance with the statutes of each government body. In addition, we have policies that pursue good governance and transparency such as those mentioned above.

SUSTAINABILITY GOVERNANCE

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The company also integrates Corporate Support Units (UAC), which respond to the three business units and coordinate with CMI Corporate. UAC integrates the departments of Finance and IT, Legal, Human Resources, and Corporate Affairs and Sustainability.

The Directorate of Corporate Affairs and Sustainability is the corporate area that promotes sustainability initiatives. This area reports directly to the Director General of Corporate Governance, who participates in the Corporate Board of Directors.

The Sustainability, CSR and Health and Safety Directorate of the corporate area promotes sustainability synergies between the Food Group (CMI Alimentos) and the Capital Group (CMI Capital) and integrates forums with the business units.

The Corporate Affairs and Sustainability Directorate of CMI Capital responds to business needs to strengthen them on sustainability in an integral manner according to the idiosyncrasy of each one.

At CMI Capital, forums with business units are integrated participating to standardize and advance sustainability.

OUR FOCUS ON SUSTAINABILITY

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In 2021, we defined our value proposition linked to sustainability which is “to provide integrated solutions to lead sustainable transformations” using the capacity of each business unit to support decarbonization, constructive sustainable development and access to financing.

In 2022, we hope to have defined our sustainability agenda, which has two axes: sustainable operations and sustainable solutions. In sustainable operations we include actions that aim to reduce negative externalities and add more value, while sustainable solutions are directly related to the impact investments, we make for decarbonization, sustainable construction, and access to financing.

In 2021, we measured our impact using PwC’s Total Impact Measurement and Management (TIMM) methodology, allowing us to analyze the value of CMI Capital’s impact on social, environmental, economic and tax issues.

According to the data obtained, in 2019, CMI generated a total net impact of USD 265.4 million. The

calculation was made with information from 2019, considering that 2020 was an atypical year due to the health crisis generated by the COVID-19 pandemic.

The emissions avoided by renewable energy generation represent a positive net impact valued at USD 22.2 million, which was calculated for Scopes 1, 2 and 3 according to CMI Capital’s expenses and investments (spend-based methodology) and assessed using the social cost of carbon proposed by the Economic Commission for Latin America and the Caribbean (ECLAC).

The impact also has a social positive balance, valued at USD 32.79 million, which corresponds largely to the intervention of CMI Capital in the communities where it operates.

Unlike environmental emissions, CMI Capital has challenges with regard to water, resources and land use, which will be included in the sustainable operations axis of our sustainability strategy.

OUR COMMITMENTS WITH SUSTAINABILITY

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As a result, with our purpose of “generating impact investments that drive sustainable development” we use the capabilities of our three business units:

ENERGY UNIT

CMI ENERGÍA

Specialized in the generation of renewable energy with an installed capacity of 818 MW using hydraulic, wind and solar technologies. With projects in Guatemala, El Salvador, Honduras, Nicaragua, Costa Rica and the Dominican Republic it promotes the integral development of the environment in which it operates.

CMI Energy also integrates companies ION and IEOLU, which offer distributed energy services and carbon bonds.

REAL ESTATE DEVELOPMENT UNIT

FINANCE UNIT

The Finance Unit provides financial solutions for development of CMI, our customers, suppliers and employees who are part of the ecosystem.

This Business Unit comprises the 13 Pradera shopping malls located in different departments of Guatemala. In addition, our real estate management capacity is integrated; as well as the projects we design, build, sell and/or custom build (build to suit).

In each business unit, and then comprehensively, we address sustainability to be consistent with our purpose.

SUSTAINABLE DEVELOPMENT GOALS

Our commitment

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Global Compact: Principle 6 to 9

ur purpose of “generating impact investments that drive sustainable development” is binding with the 2030 Agenda of the Sustainable Development Goals (SDGs). From each business unit and in a comprehensive manner, we contribute by searching for solutions to the challenges that are captured in the global agenda.

Reduce tons of CO2

Preserve and regenerate areas of influence.

Develop green infrastructure.

Develop clean transportation. Reduce waste.

To foster initiatives of corporate citizenship in our areas of influence.

Develop green infrastructure.

13

5 11

Encourage inclusion.

Reduce intensity of water use. Ensure the quality of water in the landfills.

SUSTAINABLE DEVELOPMENT GOALS

Generate clean energy.

Generate energy efficiency.

Generate employment. Occupational health and safety. Support economic growth.

OTHER COMMITMENTS

Guilds in which we participate and our certifications

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The guilds where we participate and our certifications:

• Guatemalan Association of Clean Energy Generators (AGER).

• Center for Corporate Social Responsibility Action, Guatemala (CENTRARSE).

• Association of Renewable Energy Generators of Guatemala (ASCEE).

• Cleaner Production Center of the Chamber of Industry of Guatemala.

• Alianza por la Nutrición (Partnership for Nutrition)

• Foundation for the Development of Guatemala (FUNDESA).

• Global Compact Network Guatemala.

• Higher Council of the Private Sector in Nicaragua(COSEP).

• Costa Rican Association of Energy Producers(ACOPE).

• Costa Rican Solar Energy Association (ACESOLAR).

• Chamber of Industry of Costa Rica.

• Chamber of Commerce of the Dominican Republic (AMCHAMDR).

• Honduran Association of Energy Producers (AHPEE).

• Honduran Private Enterprise Council (COHEP).

• Honduran Social Responsibility Foundation (FUNDAHRSE).

• Chamber of Energy of Nicaragua (CEN).

• Nicaraguan American Chamber (AMCHAM NICARAGUA).

• Nicaraguan Chamber of Commerce and Services (CCSN).

• Renewables Association of Nicaragua.

• Central American Housing Association (ACENVI).

• Guatemalan Real Estate Developers Association (ADIG).

• National Association of House Builders (ANACOVI).

• Guatemalan Real Estate Administration Chamber (CADIG).

• Guatemalan Construction Chamber.

We have the following certifications:

• ISO Standard 14001 Environmental Management Systems and ISO Standard 45000 Occupational Safety and Health Management Systems: Eolo in Nicaragua, Cerro de Hula in Honduras, Santa Teresa and Renace 1 hydroelectric plants.

• ISO Standard 9000 Quality Management Systems: for San Teresa and Renace 1 hydroelectric plants.

Although these are the certified plants, in all our energy operations we use the same Integrated Management System (IMS), which follows the ISO 14001, ISO 45000 and ISO 9000 standards. In addition, internally and regularly, our Energy Unit uses the International Finance Corporation (IFC) Performance on Environmental and Social Sustainability.

SUPPLY CHAIN

Committed to local development

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We focus on achieving a strategic supply for an efficient operation in the supply of goods and services of our operations and simultaneously we contribute to boost the economies of the territories where we operate, prioritizing local purchase.

For this purpose, we have a Corporate Procurement Policy with guidelines for an ethical and responsible process according to the business standards of our company, the applicable legal and regulatory frameworks. This is supported by supplier management procedures to mitigate risks in the supply chain, considering pre-selection and evaluating the technical, legal and quality aspects.

We have established standards of conduct so that our suppliers and contractors are in line with the expectations of our code of ethics, our REIR values, legal compliance and necessary safety, social and environmental requirements.

Our area of social management promotes hiring suppliers from the countries in which we operate. The area of occupational health and safety carries out a certification process for suppliers and contractors who enter our facilities to ensure that they comply with the company’s measures.

Based on the above, our supply chain prioritizes local purchases from the region where we operate to generate sustained value.

In 2021, the suppliers to CMI Capital were:

• 54% local (country where the project is located).

• 8% regional (provider of the region where we have projects).

• 38% international (non-local, non-regional provider).

NON-FINANCIAL RISK MANAGEMENT

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SASB IF-RE-450a.2, FN-IB-410a.3, FN-IN-410a.2, FN-CB-510a.2

As a cross-cutting initiative, CMI Corporate identifies its risks under the corporate governance umbrella, including issues related to governance and the environment. Risks have specific mitigation plans with compliance dates, which are incorporated into the Promapp software where they are tracked. The risk analysis exercises started in 2019, which is expected to become stronger in the coming years. Some CMI Capital risks included in the matrix are:

In total, 29 risks have been identified, of which 22 cross CMI Capital.

POLICIES AND GUIDELINES

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SASB FN-IB-410a.3, FN-IB-510a.2, FN-IN-410a.2, FN-CB-510a.2

In coordination with the Corporate Office, at CMI Capital we follow a series of policies that are applicable to all operations of the company in environmental, social, economic and good governance matters.

In addition, in 2021, three policies relevant to the ASG topic were approved:

Integrated Quality, Health, Safety & Environment Policy.

Corporate Policy on Respect for Human Rights.

Otras marcos que aplicamos son:

Protocol of Donations.

In addition, we have specific policies for human resources, cybersecurity, among others.

Code of Ethics. CMI Relations and Anti-Bribery Policy.

Supply Policy. Internal Audit Stature.

Money Laundering Prevention Policy.

ssociates receive constant training on the Code of Ethics and our REIR values (Responsibility, Excellence, Integrity and Respect). Similarly, we require our contractors to comply with the Code of Ethics.

LA UNIVERSIDAD CORPORATIVA DE CMI (UCMI)

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The associates of CMI Capital strengthen their capacities and advance their learning with the support of the CMI’s Corporate University (UCMI), which develops its own courses or with the support of specialized organizations.

Depending on the position, every year the associates receive training on different subjects to advance their professional careers. The educational program includes training in skills and abilities required by each of the business unit, as well as soft skills such as leadership and communication, among others.

This year, UCMI was certified by the Learning and Performance Institute (LPI) as a corporate university, which required an approval process. In this way, UCMI became the first Latin American university of Latin-American origin to be certified.

Some of the courses that UCMI has developed on sustainability and that have been completed by our co- workers are:

• Sustainable Development

• What to do in the event of an earthquake?

WOMEN AT WORK

GRI 404-2 Global Compact: Principle 6 SDG 5

As part of the effort we are making to increase women’s participation in leadership positions and support them in their career. In 2021, several of our partners participated in the Women at Work course, which is aimed at working women who want to advance their profession.

On behalf of CMI Capital, three associates participated, who learned leadership and communication skills, among other things. Following-up on the process, in 2022 we will have more associates participating.

WOMEN WHO FOLLOW THEIR DREAMS (MAS)

GRI 404-2 Global Compact: Principle 6 SDG 5

The Energy Unit developed the Women Who Follow Their Dreams (MAS) plan, which aims to increase the inclusion of women in that unit and contribute to the equity, growth and sustainability of the business. The program was launched in 2021 and will start running in 2022. The first phase is developing a diagnosis that will allow identifying and implementing opportunities for women to advance gender equality.

MATERIALITY ANALYSIS

Most

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uring the year, we conducted a discussion that allowed us to identify the most relevant material issues, on which we must work.

In the process, we performed a listening exercise with the company’s managers and associates.

Regarding financial materiality, we consulted the SASB materiality maps for our industries.

Environmental management Ethics and transparency

Occupational health and Safety

Decarbonization of the economy

Our material topics are linked to the Sustainable Development Goals

Q

Sustainable investments Governance

Socio-economic development and commitment to communities

SUSTAINABILITY MODEL

Communities Investors

Living our purpose means that:

1. We invest to promote sustainable development.

2. We care for the hearts of our people.

3. We care for and regenerate our environment.

4. We act as agents of change.

Actions we implement in accordance with our REIR (Responsibility, Excellence, integrity and Respect) values, Sustainable Development Goals and our stakeholders.

“We generate impact investments that drive sustainable development”

IMPACT INVESTMENTS

CMI CAPITAL IN CENTRAL AMERICA AND

THE CARIBBEAN

GUATEMALA EL SALVADOR

NICARAGUA COSTA RICA

HONDURAS

DOMINICAN REPUBLIC

OUR IMPACT INVESTMENTS IN CENTRAL AMERICA AND THE CARIBBEAN

GRI 102-4, 102-6, 102-7 SASB: IF-RE-000.A

GUATEMALA

• Hydraulic power generators: Renace I, II, III, IV and Santa Teresa Hydroelectric Plants.

• Distributed Generation Service.

• 13 Pradera shopping malls located in eight departments of Guatemala.

• Real estate projects for sale in 2021: San Isidro 2021 (Phase Two), IQ10, Lares 16 and Molié.

• Real Estate Management: Torre Real, San Isidro Torre I, Apartamentos Vistares, Zona Pradera parking.

• Investment Bank: Financiera Consolidada, S.A. (COFINSA)*

• Insurance Brokers ASEMSA

• Stock Exchange House: Valores CMI

HONDURAS

• Solar power generators: Choluteca I, Choluteca II and Pacífico.

• Wind power generators: Cerro de Hula.

EL SALVADOR

• Solar power generators (joint venture with AES, who is the operator): Bosforó and Cuscatlán Solar.

• Distributed Generation Service.

NICARAGUA

• Wind power generators: EOLO.

REPÚBLICA DOMINICANA

• Solar power generators: Mata de Palma

* The headquarters of COFINSA is in Guatemala, but the finance company is empowered to serve in the Central American area.

COSTA RICA

• Wind power generators: PESRL (currently not in operation), Orosi and Alisios.

RENEWABLE ENERGY GENERATION

GRI 102-4, 102-7, EU1

SDG:7

In total, we have an installed capacity of 818 MW. Diversified in three technologies: hydraulic, solar and wind.

Guatemala

Hydraulic technology

Renace I Hydroelectric Plant 66 MW

Renace II Hydroelectric Plant 114 MW

Renace III Hydroelectric Plant 66 MW

Renace IV Hydroelectric Plant 55MW

Santa Teresa Hydroelectric Plant 16 MW

Capacity

By technology

Hydraulic 317 MW

Solar 178 MW

Wind 324 MW

El Salvador

Solar technology

Bósforo 50 MW (Bósforo has an installed capacity of 100 MW but the Energy Unit has 50% and AES the other 50%).

Cuscatlán Solar 5 MW (Cuscatlán Solar has an installed capacity of 10 MW, but the Energy Unit has 50% and AES the other 50%).

Honduras

Solar technology

Choluteca I, II and Pacífico 70 MW Wind Tecnology

Cerro de Hula 126 MW

Dominican Republic Solar Tecnology

Mata de Palma 53 MW

Nicaragua

Wind Technology

EOLO 44 MW

Costa Rica

Wind Technology

PESRL 24 MW

(Currently not in operation).

Orosí 50 MW

Alisios 80 MW

GRI 102-2, EU8 Global Compact: Principle 7, 8, 9 SDG 7, 9, 11, 13

hrough IELOU, we integrate intelligent energy products and services to support customers in saving money, through renewable self-generation and energy management services.

IELOU services include:

• Renewable energy generation with turnkey projects

• PPAs 100 percent renewable energy

• Monitoring and energy use

• Identifying and implementing energy efficiency opportunities

• Demand management

• Innovation in using energy

• Batteries

In 2021, nine distributed generation projects were served in Guatemala and El Salvador, generating a total of 4,726,524.92 kWh and avoiding the emission of 1,057.23 CO2 tons. Our installed capacity in distributed energy services is 4.17 MW.

The natural operation of the Energy Unit allows us to generate carbon bonds that support our customers to offset the carbon dioxide generated from its activities.

Each carbon bond represents one ton of carbon dioxide or its equivalent in other greenhouse gases.

In the Energy Unit we offer:

• Emission Reduction Certificates (ERC)

• Verified Emission Reduction (VER)

• Renewable Energy Certificate (IRECs)

In 2021, we placed 761,197 carbon credits and 849,446 renewable energy certificates.

The projects we have registered to issue carbon bonds are:

CARBON BONDS

GRI 102-2 Global Compact: 8 and 9 SDG: 7, 9 and 13

REAL ESTATE DEVELOPMENT

GRI 102-2, 102-6, 102-7 SASB IF-RE-000.A

The Real Estate Development Unit has been characterized by being a symbol of leadership and confidence due to its extensive and solid track record in the country for more than 35 years.

During this time, its two lines of business generate positive impact investment: the network of Pradera shopping malls and the projects it designs, builds and sells.

Overall, we have built around a million square feet. Our real estate projects include vertical and horizontal housing, corporate offices, commercial areas, mixed use and build to suit projects. To date, we have built the following projects:

1990 - 1999 2000 - 2009 2010 - 2020

In the design, construction and/or sale phase

• Villas de los Pinabetes

• Colinas de Monte María

• Galerías La Pradera zona 10

• Centro Empresarial

• Centro Ejecutivo

• Villas Magnolia

• Residencial Villas de San Mateo

• Residenciales Entreverdes

• Villas de Entreverdes

• Villas de San Isidro

• Pradera Xela

• Pradera Concepción

• Pradera Chimaltenango

• Pradera Escuintla

• Pradera Puerto Barrios

• Pradera Express Santa Lucía

• Pradera Chiquimula

• Pradera Express Villa Nueva

• Pradera Chimaltenango

• Torre Real

• Torre Pradera Xela

• Centro Empresarial Zona Pradera

• Condominio Prados de San Cristóbal

• Residenciales Torre Real

• Apartamentos San Isidro 2021 (Torre 1)

• Pradera Vistares

• Pradera Zacapa

• El Pulté Golf

• Vistares Apartamentos Torre 1 y 2

• Telus

• Apartamentos IQ10

• Apartamentos San Isidro 2021 (Torre 2)

• Molié

• Lares 16

• Lares 17

FINANCE UNIT

GRI 102-2, 102-6, 102-7

We have a track record of more than 20 years supporting internal and external clients with financing and investment processes.

Financiera Consolidada, S.A. (COFINSA)

COFINSA is an investment bank that captures resources, through financial notes, supervised by the Bank Superintendency of Guatemala. COFINSA provides funding to promote the companies that are part of CMI, and just recently, to third-party suppliers. COFINSA’s headquarters are in Guatemala, however the company is empowered to provide service in the Central American area.

ASEMSA

VALORES/SECURITIES CMI

ASEMSA is CMI’s insurance brokerage business that covers health, real estate, car insurance, among others.

CMI’s stock exchange house is regulated by the National Stock Exchange and also operates in the over-the-counter context of Guatemala, with the possibility of investing in public and private securities registered for public offer in the Stock Market Registry.

Currently, Valores CMI has two investment funds.

GRI 102-15, 201-17, 102-29, 102-30, 102-31, 102-32, 205-1, FSI SASB FN-IB-410a.3, FN-CB-510a.2, FN-IN-450a.2

COFINSA Corporate Governance

In compliance with the legislation, COFINSA has different levels of corporate governance, which follow-up, the following committees:

• Audit Committee

• Risk Committee

• Prevention and Money Laundering Committee

The full report can be found at COFINSA’s website: www.cofinsa.com.gt

REPORT CMI CAPITAL

COFINSA Risk Management

The financial company also has a Comprehensive Risk Management, based on the methodology of the Basel Committee on Banking Supervision and the COSO report, as well as Enterprise Risk Management (ERM).

COFINSA’s Risk Management Unit aims to support the Risk Management Committee to adequately develop comprehensive risk management to identify, measure, monitor, control, prevent and mitigate credit, liquidity, market and operational, country and other inherent business risks as well as assessing total exposure to risks.

Preventing Money Laundering in the Finance Unit

A comprehensive program for the prevention of money laundering and the financing of terrorism has been implemented that guarantees the knowledge of clients and their due follow-up.

Training plans have also been implemented to enable collaborators to recognize warning signs.

KEY RESULTS OF 2021 IMPACT INVESTMENTS

GRI 102-7, 102-10, 102-15, Global Compact: Principle 7, 8, 9 818 MW of renewable energy capacity.

4.17 MW of capacity built in distributed generation projects.

1.9 MW in building distributed generation. 761 197 carbon credits sold (includes certified emissions reduction certificates – CERs- and verified emissions reduction certifications – VERs-). 849 446 renewable energy certificatess (IRECs) sold.

13 Pradera shopping malls that promote economic development.

4 housing projects being developed and being sold.

COFINSA ranks as the third largest financial company in Guatemala.

generate impact investments that drive sustainable development”

“We

GAIA PROJECT

Capital’s Sustainability Strategy

GRI 102-15, 102-16 SASB IF-EU-110a.3

With the support of Strategy & PwC and hand in hand with Corporación Multi Inversiones, we identify at the forefront our impact (Total Impact Measurement and Management) to identify our value proposition and key drivers.

In this way, we define our value proposition as CMI Capital as:

“Provide integrated solutions to lead sustainable transformations”.

All this, supported by the combined capabilities of the three business units that allow us to respond to the complex customer needs from a holistic perspective and guide them towards a transformation for sustainable asset management.

It is important to mention that we continue to work on strengthening certain capacities to be consistent with our value proposition and our purpose. But, in principle, we have defined indicators for CMI Capital that contribute to advance the following social and environmental objectives:

• Emissions avoided

• Reduced water consumption

• Reduced waste in landfills

Through a variety of sustainable solutions and operations that are not limited to energy efficiency, power generation and affordable housing construction.

In 2022, we will define the sustainability goals of CMI Capital.

GREEN BONDS FOR USD 700 MILLION

GRI 102-15 SASB IF-EU-110a.3, IF-RE-130a.5 Global Compact: Principle 8 SDG: 8, 9, 13

We are very proud to have achieved the largest placement of green bonds of renewable energy generation by a private issuer in the region.

for USD 700 million at an interest rate of 6.250%, maturing in 2029, as well as a syndicated credit of USD 300 million to refinance our debt.

The preparation project for the issue of the green bonds, called the Galileo project, required the maximum effort of our company’s legal, financial and sustainability team. The process was carried out during six intense months of work that were reflected in a demand for green bonds equivalent to five times the amount offered, mainly by investors from the United States (56%), Europe (29.45%), Asia (2.3%) and Latin America (1.3%).

The issue of the bonds allowed to release flows to optimize the Energy Unit’s growth strategy, other financing conditions, as well as access to new funding sources.

For the issue of green bonds, we complied with the 2018 Green Bond Principles and followed the International Capital Markets Association (ICMA) Principles. In addition, Sustainanalytics gave a second opinion on the

framework of the bonds and J.P. Morgan Securities and Citigroup Global Markets Inc. participated in issuing the bonds as structuring agents.

We also want to take advantage of this space, to thank the more than 100 investors who have placed their confidence in our company to move forward, among other things, on decarbonization and energy transition.

Investors can get more information at: https://cmi-energia.com/

Consistent with our purpose, within the framework of the green bonds we established the projects that are binding with the following four areas of sustainable solutions as projects eligible for investment:

• Renewable energy

• Energy efficiency

• Green buildings

• Clean Transportation

Similarly, we define cross-cutting commitments to generate the greatest possible positive impact and to reduce our negative externalities.

The largest placement of green bonds from a private renewable energy company in Central America and the Caribbean.

NEW PROJECTS

GRI 102-10

Inauguration Mata de Palma

Due to the health crisis, we had not been able to make the official inauguration of our Mata de Palma project in the Dominican Republic.

However, in November 2021 with attending authorities, the solar power generator Mata de Palma was officially launched. CMI, which for several years has been operating with CMI Foods in the Caribbean country, managed to diversify its assets with Mata de Palma, which has an installed capacity of 52 MW.

Acquisition of 50% of Cuscatlán Solar

In August 2021, we acquired 50% of Cuscatlán Solar in El Salvador, which is operated by AES.

I

Latin Finance recognition

n September 2021, the company was recognized in the category Intrastructure Financing of the Year by the Project & Infrastructure Finance Awards, awarded each year by the prestigious Latin Finance.

The award refers to the successful placement of the USD 700 million of green bonds.

Celebrating 35 Years of Multi-Proyectos

In 2021, we celebrated the 35 years of the trajectory of Multi-Proyectos. Specialized construction magazines reported on the contribution of the Real Estate Development Unit to the country’s building process.

ASEMSA is recognized by

Panamerican Life Guatemala

ASEMSA, our insurance broker, was recognized by Pan American Life Guatemala as the largest producer of collective personal accident insurance in 2020. This recognition highlighted ASEMSA for having incorporated into the coverage, benefits to address the health emergency caused by COVID-19.

OUR IMPACT ON SUSTAINABLE DEVELOPMENT GOALS IN 2021

GRI 102-11, 102-15, 203, 303-1, 405-1 SASB IF-EU-240a.4, IF-RE-140a.4 Global Compact: Principle 6, 7, 8, 9

In 2021, we empowered women in our team through the Women at Work program and developed our Mujeres Alcanzando Sueños (MAS) [Women Who Follow Their Dreams] action plan in the Energy Unit that aims to allow women to be included in this unit and contribute to equity, business growth and sustainability.

The Energy Unit generates and markets renewable energy. It currently has an installed capacity of 818 MW. Our generation uses solar, hydro and wind technology, and has several initiatives to improve energy efficiency. ION and IELOU subsidiaries give counseling on energy efficiency, supporting companies to reduce their energy consumption.

Within the Integrated Management System (SIG) of the Energy Unit, we monitor the quality of water, pollution and wastewater at each of our plants. In the Renace Hydroelectric Plants, we have initiatives for the integral management of water resources that involve the conservation of the watershed. In the same way, we work closely with communities to support them with water access and water education projects. In the network of Pradera Shopping Malls we have treatment plants that comply with legislative parameters.

Despite the health crisis generated by the Covid-19 pandemic, we have kept active job generation through our three business units. The network of shopping malls houses approximately 600 business concepts, of which 90% are small and medium-sized companies, which total about 1,100 shops operating and generate more than 7,000 direct and indirect jobs.

From ION and IELOU we support companies in adopting new renewable energy technologies and energy efficiency. We have also carried out research and launched a pilot project for the electric transportation for the distributors of the icon brand of the Food Business Group: Pollo Campero Restaurant. From the Energy Unit, too, we have been exploring other renewable energy sources such as hydrogen, and we are encouraging the development of small agricultural and beekeeping companies to generate income in the territories where we operate.

The Real Estate Development Unit builds reliable, resilient and quality real estate.

At CMI Capital we work to ensure people’s access to housing, making sure that there are green spaces for recreation. We also work for responsible waste management. Our housing projects have recreational areas that enhance people’s well-being.

We support disaster risk management by strengthening and participating in local emergency response committees, which vary by country. We also work closely with the Fire Department of several localities to support the technical capacity in the territories and, to be prepared in case of any emergency.

GLOBAL COMPACT

Committed to universally recognized commitments

GRI 102-11, 102-12, 102-13, 205-1, 205-3, 307-1, 406, 407, 408, 409, 410, 412-1 Global Compact: Principles 1 to 10 SDG: 5, 7, 8, 9, 11 and 13

As signatories to the Global Compact we are committed to the ten principles relating to Human Rights, Labor Standards, Environmental Management and the Fight against Corruption.

For this, we work closely with the CMI Corporate Office, who guides the relevant policies with the four main lines of action and, together, we carry out due diligence processes to ensure compliance.

In 2021, we carried out a due diligence process in the Renace Hydroelectric Plant with the accompaniment of Socios Peru and the Center for Corporate Social Responsibility Action in Guatemala (CENTRARSE).

The report is still in progress and will serve to set in motion an action plan to advance opportunities for improvement.

HUMAN RIGHTS

In order to have a general framework of Human Rights, we work hand in hand with the Corporate Office in developing a Corporate Human Rights Policy, which follows the Guiding Principles on Business and Human Rights.

LABOR STANDARDS

We are committed to non-discrimination, the elimination of child labor, forced labor and the right to free affiliation. Child labor, coercion and harassment are prohibited in our operations. Our Code of Ethics, which promotes the values of responsibility, excellence, integrity and respect (REIR) governs the Corporation. Last year, we worked in coordination with the Corporate Office to strengthen Somos CMI, which breaks down 16 expected behaviors and 16 behaviors that are not tolerated in order to strengthen the ethical capacities of all the staff.

ENVIRONMENT

In the Energy Unit, the Integrated Management System (SIG) monitors the impact we have on the environment to reduce the largest number of negative externalities. We have power generation plants certified in the ISO 14001 standard, to ensure their proper environmental management. Currently, we have certifications in Eolo, Cerro de Hula, Renace 1 and Santa Teresa Hydroelectric Plants. However, all of our plants operate under the same criteria. We have promoted new technologies for the generation of electric cars, through IELOU, which reenforces our commitment to the conservation and regeneration of the environment where we operate.

All buildings of the Real Estate Development Unit comply with environmental legislation and promote best practices in waste management and energy efficiency. Similarly, the Pradera shopping malls have treatment plants and are up to date on environmental compliance.

ANTI-CORRUPTION

From the Corporate Office, we have a CMI Relationship and Anti-Bribery Policy. In the framework of that policy, in 2021, we had a legal compliance audit that detected two findings toreview in the Energy Unit. One of them was closed in the year and the second one has an action plan for its due attention. This second finding is linked to the integration of improvements in the implementation of Donation Agreements signed with municipalities in Honduras in 2013.

Each year, arduous training days are held on our Code of Ethics and our REIR values. The Integrity value emphasizes the importance of acting correctly.

The Finance Unit has a comprehensive money laundering prevention and terrorist financing program.

WE CARE 3 FOR OUR PEOPLE

For CMI, the most important thing is its associates. In the Corporation we aim to ensure the well-being and development of the human team that is part of the company’s family.

Without the commitment of our associates to a better world and in line with our purpose, this year’s achievements would not have been possible. Hence, our daily intention to ensure that each collaborator feels part of our SomosCMI family. To that end, we encourage our REIR values and reinforce behaviors that are allowed and take strong actions for behaviors not tolerated with different programs that bind everyone.

From our high human approach, we promote employment with additional benefits not included in the legislation, which can foster the welfare and growth of the associate. The main ones are:

• Telework for eligible positions.

• Flexible hours (Flexitime) for eligible positions.

• Birthday day off.

• Five paid days off per year.

• Flexible Friday.

• CMI discounts, better prices on corporate products.

• Loans from our Finance Unit for collaborators in Guatemala.

• Promoting savings.

• Life insurance and medical expenses.

• Free parking for associates in central offices.

• Reimbursement for IGSS suspension so that their salary is not affected.

Two years after living in a health crisis caused by the COVID-19 pandemic, the health and safety of our associates has become more important, making sure they are physically and mentally healthy.

As part of our initiatives, we have:

• Occupational Health and Safety.

• Development and well-being.

• Creating employment.

GRI 401-2, 403-6 Global Compact: Principle 6 SDG 5 and 8

OCCUPATIONAL HEALTH AND SAFETY

GRI 403-1, 403-2, 403-3, 403-5, 403-6, 403-7, 403-9 SASB IF-EU-320a.1 SDG: 8

At CMI we promote an environment in which people come to work happy and go back home happy. That is why we work to ensure the best health and occupational safety conditions.

Although each business unit has its own characteristics, we all work to reduce any probability of incidents or accidents in our operations. As the Energy Unit and the Real Estate Development Unit work with contractors, they must follow the same occupational health and safety guidelines as the company’s employees.

Each business unit:

• Recognizes hazards and dangers implementing management measures to reduce them.

• Provides training on occupational safety and health.

• Performs drills.

• Promotes the well-being of the individual.

In addition, we have a first-aid room with capacity to care for associates and to carry out, regular, medical evaluations, which vary according to the occupational risk to which a worker may be exposed.

The projects carry out regular occupational health and safety inspections to ensure compliance with risk management measures.

All projects are in legal compliance, depending on the occupational health and safety regulations of each country.

Specific health and safety measures

Real Estate Development Unit

• Recognizing dangers.

• Occupational health and safety manuals and procedures for construction workers.

• Perform drills.

Energy Division

• Hazard recognition.

• Occupational Health and Safety training.

• Perform drills.

• Cuidamos tu salud (We take Care of Your Health) initiative.

Finance Unit

• First aid care.

• Performs office drills.

WE WORK TO BE AN INCIDENT-FREE COMPANY

GRI 403-9 SDG 8

We are committed to making our operations incident-free and, though, our work team has not suffered any fatalities, we recognize that zero third party fatalities is the only acceptable number. In 2021, we had a call for reflection, when a worker of a company hired by a store operating at Pradera Xela Shopping Mall, who was doing maintenance work on an air- conditioner, fell down and the fall caused his death. This regrettable event has led us to strengthen compliance with our health and safety protocols with all third-party companies that provide services directly to the mall or to the stores.

The outsourced fatality was investigated in detail to prevent

similar situations. In this sense, in 2022 we will identify the hazards at each Pradera Shopping Mall and strengthen health and safety measures.

Our approach is to reduce any incident to prevent incapacitating injuries and fatal incidents. Hand in hand with the Energy Unit, which has not had any incapacitating injuries or fatal incidents for several years, the Real Estate Development Unit and in general, all CMI Capital will be working to strengthen the occupational health and safety measures of the strategic line of business for real estate sales and rents.

The construction operation is complex and involves several challenges. However, in general, at CMI Capital we have reduced the incidents.

The data for this year for CMI are:

Indicator

Fatalities employees

Third-party fatalities in the operations

Incidents with time lost for employee (number)

Incidents with time lost for contractor (number)

Incidents with no time lost for employee 17

Incidents with no time lost for contractor 23

We expect to report other indicators in the next few years.

CUIDAMOS TU SALUD DEVELOPMENT AND WELL-BEING

GRI 403-6 SDG 8

Since 2018, we launched the Healthy Living and Well-Being initiative, which promotes better habits in our associates with the aim of ensuring their well-being.

In 2021, 277 Energy Unit workers participated in the program, where each worker was given measures to improve their health condition, including meal plans.

The Real Estate Development Unit began with the baseline survey of the health status of its associates in order to monitor if there are any occupational illnesses.

One hundred, eighty-seven employees were evaluated, which is 76% of the total number of workers.

In 2022, the program is expected to be launched in the other business units.

GRI 403-6 SDG 8

We are interested in the development and well-being of our associates, ensuring that each one feels the family warmth. To achieve this, we support capacity-building, the development of our associates, and we get closer to the people to identify their specific needs.

To promote development, we have a Development and Performance System (SDD), which allows to identify opportunities for improvement in the training of each worker, as well as their development. In the Energy Unit we also have a passport of technical skills that ensures that each worker has the necessary skills for his good performance in his position in the company.

Through UCMI and other training instances, we train our associates to improve their hard and soft skills. In total, our associates participated in 109 courses and received 6,876 hours of training.

We act according to our legacy, with family warmth and genuine interest in people.

EQUILIBRIO DE GÉNERO

GRI 404-2 Global Compact: Principle 6 SDG 5, 8

e are working to ensure that there is greater gender balance in the company. Our action plan Women Who Follow Their Dreams (MAS) in the Energy Unit aims to allow for greater inclusion of women in the binding projects. Currently, the participation of women in CMI Capital is 31%:

Technical Skills Passport

GRI 404-2 SDG 8

The Energy Unit has a Technical Skills Passport that ensures that the team has the necessary knowledge and skills to perform their duties. With the initiative, training activities, cross-internship processes and certifications are carried out, in which experts from the Energy Unit participate, who validate that each associate has the necessary capacities and skills. In 2021, the Energy Unit:

• Developed the Regional Training Plan carrying out more than 65 trainings.

• Recognized and trained certifying experts.

• Developed the first Energy Congress: Get Energized 2021.

CONSCIOUS LEADERSHIP

GRI 401-2, 403-6

We promote conscious leadership that inspires and allows constant growth and learning. With this approach, we motivate our work team work to do its best work, while allowing themselves to be authentic, vulnerable and committed to our REIR values.

The leadership team made up of the Business Unit Directors and Corporate Affairs Unit Directors, as well as our CEO, promote conscious leadership as the right way to motivate our employees.

As part of our commitment, we act as promoters of conscious leadership and participate in conferences and talks on the subject.

Our SomosCMI family ensures that all of its members feel safe, comfortable, inspired and valued in the company. Therefore, we have competitive wages in the market and extra benefits:

Telework for eligible positions: Our associates and especially because of the crisis caused by COVID-19 they can work remotely.

Flexible hours for eligible positions: We have different working schedules and the associate can choose the one that suits him/her best.

Birthday day off: Our associates enjoy the day off on their birthday when it is a working day.

Five paid days off per year: These five days are in addition to vacations.

Flexible Friday: On Fridays, the working day ends earlier.

CMI Discounts: Our associates have discounts on CMI products and services.

Bank Loans: Associates are eligible for loans at preferential rates in the Finance Unit.

Life and health insurance: Associates can purchase a life and health insurance at a preferential rate with ASEMSA.

Free central office parking: Associates who work in the central offices have parking included.

Reimbursement for suspension of social security: In the countries where it applies, the suspension of wages made by social insurance is reimbursed in case of illness or accident.

OUR RESPONSE TO COVID-19

GRI 403-1, 403-2, 403-3, 403-4, 403-6, 403-7 SDG 8

Since 2020, we adapted our working conditions to the health crisis.

The Crisis Committee, installed in February 2020, has continued operating to provide for the well-being of our staff and their families. It has also reviewed and updated the relevant protocols according to the evolution of the health crisis.

Several vaccination days of were carried out with the support of the company, and the associates were urged to approach the health centers to get vaccinated against COVID-19. In the organized vaccination days, there was a high participation of the majority of our associates.

In addition, as in previous years, influenza vaccination days were held in all plants and administrative offices. This was done in coordination with the government health and social security institutions, strengthening our partnership with the public sector.

At the end of 2021, 99% of all CMI Capital enablers had the full two-dose schedule of COVID-19 vaccines.

Similarly, during 2021, the health measures established by the governments continued, such as wearing a mask and physical distancing. In that sense, we continue with the hybrid working model, allowing our associates that do not require their physical presence to perform their activities to stay some days at home and, when necessary, to go to the office for specific activities.

Considering that the world has changed and that hybrid work patterns will be a constant for the company’s administrative positions, a project was launched during 2021 to remodel the headquarters of CMI Capital.

We can also point out that during the year we gave ten trainings and conversations on COVID-19. In addition, our associates who had a positive COVID-19 diagnosis received drug kits and the PCR test was paid for by the company.

Thanks to all these preventive and care actions, during 2021, we had fewer cases of COVID-19. In total, 130 cases of COVID-19 were reported, and we are very grateful that we had no deaths.

INDUSTRIAL HYGIENE

GRI 403-1, 403-2 SDG 8

As part of the continous improvement process, the Energy Unit works in coordination with Operation and Maintenance to:

This, to implement corrective actions that reduce the risk of occupational diseases.

In addition, this year, Real Estate Development conducted a medical evaluation of workers to assess health risks and improve working conditions. During the evaluation chemical, biological, physical, mechanical, electrical, ergonomic and psychosocial risks were identified. The Real Estate Development Unit is working on a risk management program to reduce, eliminate or mitigate risks and, next year, will identify all hazards at Pradera shopping malls.

Measure lighting. Monitoring non-ionizing radiations. Measurements and audiometries.

Thermal stress monitoring. Ergonomic evaluations in administrative positions.

WELL-BEING

GRI 403-3, 403-4, 403-6 SDG 5, 8

In 2021, the Energy Unit conducted focus groups and field visits to the plants to condition the necessary infrastructure for the well-being of our workers. During the visits, too, some information needs were detected.

Action plans derived from the approach included some initiatives such as:

Improve the cleaning conditions of uniforms and grease.

Talks about health and life insurance benefits.

Uniform purchase homologation.

Analysis of temporary contracts.

In addition, a gym was opened at the Renace III Hydroelectric Plant camp and a seating area was built at Tilarán, which allows workers to relax in nature in a conditioned park.

In coordination with the Juan Bautista Gutierrez Foundation, CMI’s philanthropic organization, the families of several of our associates participated in the School for Parents receiving training on adolescence, self-esteem, communication, discipline and sexuality, and other things.

GRI 102-11, 302, 303, 304, 305, 306, 307 SASB IF-RE-130a.5, IF-RE-140a.4, IF-RE-450a.2

Global Compact: Principle 7, 8, 9 SDG 6, 11, 13

Our commitment is focused on ensuring a win-win situation with the planet and our stakeholders.

On a daily basis, we work to improve our environmental efforts, minimize our negative externalities, and regenerate our environment. The idea is to leave a better place than the one we find, and so we measure our impact and manage it.

In the Energy Unit we have an Integrated Management System (SIG) that contains the policies and procedures that we require in environmental matters. However, for the moment, only Renace I, and Santa Teresa Hydroelectric Plants, Cerro de Hula and Eolo are certified with the ISO 14001 Standard of Environmental Management Systems. Our SIG applies to all operations and also considers international best practices, such as the Performance Standards on Environmental and Social Sustainability of the International Financial Corporation (IFC).

The Real Estate Development Unit and the Finance Unit ensure legal compliance in all their operations. The components of our environmental management are governed by principles of environmental

legal compliance, regulations and high standards; environmental protection, conservation, restoration and reforestation of ecosystems and watersheds of influence of the operations; environmental transcendence with initiatives, partnerships and environmental education for communities; an integrated and responsible approach to waste generated in our plants; eco-efficiency with water and energy resources; optimal wastewater management, and preventive monitoring of environmental incidents, monitoring indicators, environmental impact studies and external audits.

We also support the mitigation of environmental risks in the surrounding areas, and we constantly train our workers with the best environmental practices. Our initiatives are broken down into:

• Environmental and climate change risk management.

• Water management.

• Waste Management

• Preservation of the environment.

ENVIRONMENTAL AND CLIMATE CHANGE RISK MANAGEMENT

GRI 102-11, 305-5 SASB IF-EU-110a.3, IF-RE-450a.2

Global Compact: Principle 7, 8, 9 SDG 7, 11, 13

We are committed to mitigating climate change through decarbonization. We are making efforts to identify climatic risks that may affect our investmentsand we reduce the likelihood of any environmental incident.

We work due diligence processes to guarantee that good environmental practices and high standards are considered from the design of our projects.

The renewable energy we generated avoided 1 685 117 tons of CO2 emissions in the year.

Although our greenhouse gas (GHG) footprint is relatively low, we still face challenges especially in relation to fuel use and air travel. However, we are working to have a more detailed footprint and identify opportunities for improvement.

Our challenge is to measure the carbon footprint of Real Estate Development Unit. However, we are working to have better data and establish greenhouse gas reduction measures.

Leading together toward a carbon-neutral economy.

he electricity consumption of the Energy Unit is basically from sources, of renewable energy. Similarly, we work to reduce our consumption so, on a yearly basis, we record how much we have consumed. Our energy consumption in the Energy Unit in 2021 was 349.97 GJ. In IQ10, the building that was under construction in 2021, we had a total consumption of 78 467 kWh. We are also working on the environmental indicators of all CMI Capital to strengthen the information.

n the energy projects we use fuel to operate machinery, vehicles and for maintenance. In Choluteca, Honduras, we needed to increase the fleet of vehicles, so fuel consumption increased there. However, compared to 2021, we had a reduction in overall fuel use in the Energy Unit. In total we consumed 102 942 GJ. In addition, in Choluteca, internal energy consumption is not different from the electricity consumed to meet the demand.

In the Real Estate Development Unit, specifically in IQ10, the building under construction, we consumed 1359 gallons of fuel. As mentioned above, we are working to strengthen the environmental indicators of all CMI Capital.

n Cerro de Hula, Honduras, in 2021, we counted, for the first time, diesel for equipment and we acquired new vehicles that increased the consumption of diesel. In 2021 in the Energy Unit we consumed 102,948 GJ of diesel. In the Real Estate Development Unit, in the building under construction (IQ10), we consumed 996 gallons.

EMISSIONS GENERATED

The emissions generated are calculated according to the criteria in the Greenhouse Gas (GHG) Protocol under the financial control scheme that consolidates as CO2 the emissions corresponding to all the relevant GHGs for the company such as: CO2-CH4-N20-HFC and SF6.

The conversion criteria follow those indicated by the 2006 Intergovernmental Panel on Climate Change for greenhouse gas inventories.

GHG Scope 1

Our emissions of GHG Scope 1 for the use of fuel for 2021 were approximately 898 tons of CO2 in the Energy Unit. However, we avoided 1,685,117 tons due to energy generation, which gives us a positive balance.

In the other units we do not have the exact data, but in 2022 we will be working to have a more robust carbon footprint and continue reducing it and, in the future, measure Scope 2 and Scope 3.

ATTENTION TO ENVIRONMENTAL INCIDENTS

GRI 102-11, 307-1, EU6 SASB IF-RE-140a.4

Global Compact: Principles 7, 8, 9 SDG: 11, 13

The operation is prepared to daily monitor any environmental incident that could occur in our plants or areas of influence, as well as to give the required attention and reduce the risks that could be generated.

In the Energy Unit, environmental incidents are related to forest fires not caused by our operations, but which must be addressed to avoid risks to our assets. Also, other impacts are collision of bats and birds (in wind plants), spills on the ground that are usually small amounts of fuels, lubricants, water leaks, among others. A total of 325 environmental incidents were reported in power generation operations and were immediately addressed.

In the Real Estate Development Unit there was an accident in the treatment plant

of, which generated an explosion in the parking area outside of operating hours. The incident was handled immediately and involved an investigation of the root cause of the incident with specialized engineers. The investigation revealed an error in design and a poor maintenance practice by the contractor responsible for maintenance. In that sense, Real Estate Development proceeded with the redesigning and building a new treatment plant with all the appropriate technical conditions. In addition, a process to analyze the conditions of all treatment plants in the shopping mall network was started. Similarly, all treatment plants were checked to see that they are complying with all legal requirements and that maintenance follows the appropriate process.

CLIMATE CHANGE RISKS

GRI 201-2, EU6 Global Compact: Principle 7, 9 SDG: 13

Among our identification of risks, we have included climate change. Our operations use climate projections to increase our power generation capacity. In this sense, we are aware of the relevance of climate change and the possible variations in rainfall, wind and sun parameters. However, we are still in the identification phase to be able to determine strategic action paths.

During 2021, we did not have severe weather events such as hurricanes ETA and IOTA that affected the Guatemalan region in 2020.

WATER MANAGEMENT

GRI 303-1, 303-2, 303-3, 303-5 SASB IF-RE-140a.1, IF-EU-140a.1., IF-EU-140a.3, IF-RE140a.4 Global Compact: Principles 7, 8, 9 SDG 6, 11, 13

In the Renace Hydroelectric Plant, Guatemala, projects are implemented for the conservation of catchment areas and reforestation was carried out planting 11,593 forest plants in the area of the hydroelectric projects. These actions contribute to the conservation efforts for catchment areas. For its part, Real Estate Development donated more than 1,500 trees through its network of shopping centers.

Water Consumption

The water we use in our renewable energy generation plants is, basically, for domestic use and gardening. In 2021, our water consumption at these plants was 18,897 m3. In the Real Estate Development, in the building under construction (IQ10), we consume 2252 m3.

Water Source

The water we consume in the renewable energy generation plants is t2% rainwater harvesting; 8% is supplied by the municipality; 21% is groundwater; 69% is surface water and a small amount comes from other sources. In Pradera shopping malls, 90% is groundwater from their own wells.

Adequate water resource management is part of our operational commitments. That is why we seek to reduce our consumption and assess that the water discharged complies with the legislation. In addition, we work in water conservation areas of catchment areas in the areas close to our operations.

According to the World Resources Institute’s water stress index, all our operations are in low-to-medium stress areas, including construction and rent space.

WATER DISCHARGED

GRI 303-2 SASB IF-EU-140a.2, IF-EU-140a.3

Global Compact: Principle 7, 8 SDG 6, 11

mong all the electricity generation projects that belong to the Energy Unit, wastewater processes and treatment systems have been implemented for all the wastewater generated. Complying with the legislation applicable in each country. All the wastewater generated by Operation and Maintenance activities of the generation plants is ordinary water or gray water.

In Pradera shopping malls we have treatment plants that comply with Guatemalan legislation to treat the discharged waters.

WASTE MANAGEMENT

GRI 306-3, 306-4, 306-5 Global Compact: Principles 7, 8

A We work on reducing the waste derived from our operations, as well as reducing the household waste from our own employees.

We classify waste and encourage recycling. We still have challenges facing us to reduce the amount of waste we send to municipal deposits.

In the Energy Unit we generate a total of 173,968 kg of waste, of which we recycle 37%. In the case of the Real Estate Development, Building IQ10, which is under construction, generated 2,538,201 kg of waste. We are working to get a better detail of waste and to manage it better.

REGENERATION

GRI 304-2, 304-3, 304-4 Global Compact: Principle 7, 8, 9 SDG 6, 11, 13

We invest in regenerating natural areas and the conservation of biodiversity with the intention of seeking resources for future generations and give new value to our natural heritage.

In 2021, we supported the reforestation of 8.58 hectares at Renace Hydroelectric Plant and we planted 25,342 trees around our wind and solar plants.

On the issue of biodiversity, in energy generation plants, we continue with:

• Monitoring species of flora, including orchids and fauna, among which are: mammals, birds and weevils, in the two private nature reserves located in the hydroelectric projects Sankil Che and Renace.

• Identification of species and conservation status according to IUCN in Cerro de Hula, Honduras and updating the inventory of species in Choluteca, Honduras.

• Registration in the Wildlife Incident Information System (SIIVS) for monitoring possible effects on fauna in Nicaragua, Costa Rica, Honduras, and the Dominican Republic.

• Setting up aerial bridges for fauna and establishing an agreement with the National System of Conservation Areas (SINAC) in Costa Rica.

• Inventory of flora and fauna in the Dominican Republic.

As a product of biological monitoring the following is a list of the species and their category according to the IUCN list:

Operations Flora Fauna

Renace I

Hydroelectric Plant 1 in Low Concern 70 in Low Concern 2 in almost threatened

Renace II Hydroelectric Plant 1 Low Concern category 1 Vulnerable state 81 in Least Concern 3 in Near Threatened

Renace III Hydroelectric Plant 1 species in Low Concern 120 in Low Concern

Renace IV Hydroelectric Plant 3 in Low Concern 160 in Least Concern 1 in Near Threatened

Santa Teresa Hydroelectric Plant 2 in Low Concern 143 in Low Concern

Renace I Natural Reserve 5 in Least Concern 2 in Vulnerable State

116 in Least Concern 3 in Near Threatened 7 in Low Concern

Cerro de Hula 2 in Vulnerable State 7 in Low Concern 1 Almost Threatened and 2 with insufficient data

Alisios and

2 in Vulnerable State 3 in Least Concern 1 in Near Threatened 3 in Low Concern 2 in Vulnerable State and 5 Endangered

Eolo 3 In Danger of Extinction

Orosi

REGENERATION

Global Compact: Principle 8 SDG 13

For its part, the network of Pradera shopping malls carries out awareness, and environmental activities as well as some regeneration processes. In 2021, Pradera Chimaltenango and Pradera Chiquimula delivered trees for reforestation in coordination with different actors such as the National Forest Institute and JEPLE.

WE ACT 5 AS AGENTS OF CHANGE

GRI 102-42, 102-43, 203-1, 412-1, 413-1

Global Compact: Principle 1, 2, 5, 6, 7, 8 SDG 5, 8, 9, 11, 13

Our purpose invites us to be agents of change.

All our power generation assets are close to some local community with which we work to promote positive transformations that improve the social and economic conditions of our neighbors. Although they may vary by community, they are related to improvements in health, education, and creating jobs.

We believe in the opportunity to grow together and, so we take on the role of agents of change to work with the communities in social action areas.

Real Estate Development began by implementing a relationship plan with the stakeholders of our areas of influence, promoting openness and dialog. We assign points of economic convergence through the network of our Pradera shopping malls working

with our neighbors on construction projects depending on the scope, location and focus of the project.

In general, at CMI Capital, we are committed to generating more value through our interaction with our different stakeholders, so we bet on value-sharing programs that allow us to generate value both ways.

Our initiatives are broken down into the logic of Corporate Citizenship programs that seek to transform the vicious cycle of poverty into a virtuous cycle of development:

• CMI Emprende (undertakes)

• CMI Educa (teaches)

• CMI Junto a ti (next to you)

• CMI Cuida el ambiente (cares for the environment)

We also participate in local spaces that foster open and transparent dialog.

CMI EMPRENDE

GRI 203-2, 413-1 Global Compact: Principle 6, 8 SDG 5, 8, 9

Local Enterprises

In San Pedro Carcha, Alta Verapaz in Guatemala, our Sum Wank initiative supports communities to generate productive agricultural, poultry, forestry and beekeeping projects. The model was launched in 2021. To date, hundreds of people have benefited from Sum Wank because, among other things, they have managed to improve their food security and sell eggs, honey, and other agroforestry products. In Nicaragua we promoted an initiative of beekeeping production, improving biointensive orchards and gave training on solar dehydration processes. A total of 12 beneficiaries participated in the project, most of them women with an average household size of five.

Women entrepreneurs of Alta Verapaz

In the communities of influence of Alta Verapaz, we have worked for more than ten years with groups of women, who have gradually improved their selfesteem and strengthened their capacities. As a result of this process, last year, two committees of women weavers were formally established in San Pedro Carchá, who market their products in surrounding areas or produce products for CMI. Currently, between 40 and 60 women are involved in the committees who have a livelihood to escape the vicious cycle of poverty and discrimination.

In San Antonio de Guerra, Dominican Republic, we have promoted small entrepreneurships of women, training them with the support of partner organizations

to produce manual products, such as decorative balloon arrangements. The initiative has benefited approximately 20 women, who have managed to generate some income by selling their crafts.

Seed capital for initiatives in Honduras

In the areas surrounding Cerro de Hula, Honduras, we have supported 200 entrepreneurs with seed capital to improve their businesses and support organized agricultural groups. Similarly, in Choluteca, Honduras, we support 39 entrepreneurs with seed capital through the “Soy emprendedor (I am an entrepreneur)” Program.

CMI EMPRENDE

AGRI 203-2, 413-1 Global Compact: Principle 6 SDG 8, 9 s propellants of econo mic development, in the Pradera shopping malls, we drive entrepreneurs. Du ring the year, we held business fairs in Pradera Vistares, Pradera Chiquimula and Pradera Zaca pa. In addition, in coordination with CMI’s Molinos Modernos and Restaurante San Martin, we held an exhibit on the art of ma king bread. The entrepreneur ship fair and bread market were held in coordination with the Municipality of Guatemala.

Business fairs in the Pradera Shopping Malls network

We promote entrepreneurship and formality

CMI EDUCA

GRI 203-2, 413-1 Global Compact: Principle 6, 8 SDG 5, 8, 11

Education is a fundamental axis of development. That is why we encourage processes of formal and technical training that provide skills for life and improve personal development opportunities.

This year we can emphasize that in the hydroelectric plants of Guatemala we have promoted the following initiatives: Educational Excellence, Training for Life and Leadership School, which aim to support students in elementary and secondary schools, as well as training technical and leadership skills for self-employment and employment.

In 2021, more than 500 people benefited from both programs. In addition, we support the improvement of the education infrastructure of several schools.

In Cerro de Hula, Honduras, we have benefited 800 students with scholarships. The scholarships included not only student expenses but also school snacks. In Choluteca, Honduras, we improved, remodeled, and provided electricity for schools in Montecillos, Buen Samaritano and Las Minas, which directly benefited 186 families. In 2021, 77 scholarships were awarded, and school snacks were given to 475 families. In addition, we improved CEB Marcial Avi-

lez where 40 students were directly benefited and about 100 people, indirectly.

In Nicaragua, we promote extra-curricular clubs to promote social and environmental values. In addition, we donated materials, school supplies and furniture, which benefited a total of 576 people.

In Costa Rica, 16,914 children and youth in elementary and secondary schools benefited from learning materials, technological tools, and others. We also gave support to improving schools.

In the Dominican Republic we provide learning material and training women entrepreneurs mentioned above. Our initiatives reached 7 schools and benefited 1,000 people.

Pradera shopping malls, too, are working on promoting education. In 2021, book collection centers were organized, and the books were then donated in Pradera Vistares, Pradera Xela and Galerias La Pradera. The books that were collected and in good condition were delivered to the Escuela de Niñas de San Martín Sacatepéquez in Quetzaltenango.

CMI JUNTO A TI

GRI 203-1, 413-1 SDG 5, 6, 8, 9, 11

In the pre-feasibility of the projects, we identified areas of opportunity to improve the community environment where we operate. Depending on our area of influence, we create partnerships and initiatives to improve the health of our neighbors.

Our contribution, in 2021, highlights: In Guatemala we support community infrastructure projects and improved the access to the Chiaguarrom community. We also continue to promote Healthy Families; My Health, My Responsibility and Sports Excellence Programs, which have been affected by the physical distancing measures to prevent COVID-19.

In Cerro de Hula, Honduras, we provide materials for improving access and paving for the communities of Cerritos de Ayasta and Cofradía, benefiting a total of 950 neighbors. In Choluteca, Honduras, we improved drinking water projects and rainwater drainage systems, benefiting a total of 2,614 people. We have also supported the construction of houses and the

improvement of the electric lighting of the residents of San José de la Landa and Victor Argenal, benefiting 382 people.

In Nicaragua, we made donations for the adequate management of emergencies benefiting nearby population centers and repaired the school infrastructure of two public schools.

In Costa Rica, we support with improvements in the aqueducts and infrastructure of national parks.

In the Dominican Republic, we helped provide minor equipment and hygiene material to primary health care facilities, benefiting the San Antonio de Guerra community. In addition, we rehabilitated the community radio station and repaired the ceiling of the primary health care center of the same community.

In Quetzaltenango, Guatemala, Real Estate Development through Pradera Xela, helped with the expansion of an auxiliary lane, and the construction of municipal absorption wells at an approximate cost of USD 100,000.

SUPPORT TO COMMUNITIES IN THE FACE OF THE HEALTH CRISIS

GRI 203-1, 413-1 SDG 6, 8, 11

RURAL ELECTRIFICATION

GRI 203-1, 413-1 SDG 6, 8, 9, 11

In partnership with ENERGUATE and together with the Municipality of San Pedro Carcha, Alta Verapaz, Guatemala, we are working to take electricity to 14 communities in the area, to benefit more than 500 families. As an energy generating company, and in relation to Guatemala’s legislation, our hydroelectric plants operating in Las Verapaces cannot transport energy, so we support this partnership.

Since 2020, we support the communities and institutions competent in prevention measures and care of COVID-19. In Guatemala we installed

in coordination with the Municipality of San Pedro Carchá and the Municipality of Coban, two emergency respiratory health care centers, benefiting a total of 8,168 people, who received primary care. Similarly, Pradera Chimaltenango, in coordination with the Health Area Directorate of Chimaltenango and the municipality, coordinated the installation of a respiratory health center in the area. It benefited 7,862 people, with testing and delivery of 1,746 kits of drugs.

In Cerro de Hula, Honduras, we strengthened the health centers with supplies and access to drinking water, benefiting 1,400 people. In addition, we donated reagents and medical supplies to the COVID-19 health centers and diagnostic centers in the municipalities of Santa Ana and San Buena Ventura. In Choluteca, Honduras, we donated medical supplies to the clinic for the elderly.

In Nicaragua, we provided minor medical equipment and cleaning and hygiene materials for the nearby healthcare post, directly benefiting 2,478 people. We also donated medical equipment and Cleaning supplies to students, teachers and healthcare posts.

In Costa Rica, we benefited a total of 117,024 people with the vaccination campaign against COVID-19, the supply of drinking water and improving the conditions for a safe return to school.

In the Dominican Republic we donated supplies to manage COVID-19 in schools, benefiting a total of 700 students.

Mejoramos la salud y el entorno comunitario

VACCINATION CENTERS IN THE NETWORK OF SHOPPING MALLS

GRI 203-2

As part of our effort to mitigate the effects of the COVID-19 pandemic, we coordinated with the Guatemalan Ministry of Public Health and Social Welfare, as well as with the Guatemalan Social Security Institute and the corresponding communities, to provide support to citizens to access vaccination centers.

As a network of Pradera shopping malls, we helped by opening vaccination centers in the following shopping malls:

• Huehuetenango

• Vistares

• Escuintla

• Puerto Barrios

• Conception

• Galleries La Pradera

• Chimaltenango

We also held vaccination days in Zacapa, Chiquimula and Palín. In 2021, we supported the administration of more than 133,000 doses of vaccines, which involved a human and financial effort amounting to USD 219 880.

CMI CUIDA EL

GRI 102-43, 412, 413-1

Global Compact: Principle 2

AMBIENTE

n addition to our environmental management to reduce any negative externalities, we work with the communities around us to improve environmental practices and the conservation of natural resources. In 2021 we drove various initiatives: I

In Guatemala, we supported the management of 15 disaster management coordinators.

In Cerro de Hula, Honduras, we installed signs related to the care of the environment and donated learning material in the community Los Encinos for people who rent land and their employees.

In Costa Rica we carried out campaigns for waste collection, supported firefighting, the protection of fauna, preventing illegal dumps and supported the Arenal Tempisque Conservation Area (ACAT) and the Puma Center. The National System of Conservation Areas (SINAC) gave a recognition to CMI Energía for its support for the conservation of nature.

natural resources.

In the Dominican Republic, we donated garbage cans for waste management and handed out signs to raise awareness on environmental management. We also donated garbage cans for waste management and handed out signs to raise awareness on environmental management.

We support the care of the

LOCAL SPACE

GRI 102-43, 412, 413-1

Global Compact: Principle 2

We promote dialogue and transparency in the communities where we operate. We have community agreements, participate in community governance spaces, and support the improvement of our environment. We have some agreements with the Municipality of San Pedro Carchá, Alta Verapaz, Guatemala and the municipalities of Santa Ana and San Buenaventura in Honduras.

Complaints Attention Mechanism

All the projects of the Energy Unit have a mechanism for attention to complaints duly socialized with the communities. Through this mechanism, residents can contact social managers when they consider that there is a negative impact derived from our operations. Each case is individually reviewed, in-

vestigated, and attended to. Once the impact has been verified, negotiations are carried out with the affected person to mitigate and/or compensate the reported negative impact.

During 2021, 76 complaints were filed using this mechanism and they were all addressed. Those complaints that correspond to the noise impact of wind turbines require an exhaustive investigation process, following practices recommended by the World Bank, so their investigation process is usually more extensive.

We promote dialogue and transparency.

GRI

2016

102-1 Name of the organization 3 √ 102-2 Activities, brands, products and services 9, 12, 35, 36, 37, 38 √ 102-3 Location of the site Address: 5 Av. 15-45 Zone 10 Edificio Centro Empresarial Guatemala City, Guatemala. √ 102-4 Location of the operations 11, 19, 32, 33, 34, 50 √ 102-5 Property and legal form 11 √ 102-6 Markets served 33, 37, 38 √ 102-7 Size of the organization 33, 34, 37, 38, 40, 50 √ 102-8 Information on employees and other workers 50 √ 102-9 Supply Chain 23 √ 102-10 Significant changes in the organization and its supply chain 10, 40, 43 √ 102-11 Precautionary principle or approach 20, 21, 22, 45, 47, 62, 63, 66 √ 102-12 External initiatives 21, 47 √ 102-13 Membership of associations 21, 47 √

GRI

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

GRI Thematic Standard 200 Series: Economic Issues

201 Economic Performance

GRI 103: 2016

Management approach

Reason for omission External verification

103-1 Explanation of material topic and its coverage 24, 66 √ 103-2 Management approach and its components 24, 66 √ 103-3 Evaluation of the management approach 24, 66 √

GRI 201: 2016 Economic performance 201-2 Financial implications and other risks and opportunities derived from climate change 24, 66 √

203 indirect economic impacts

GRI 103: 2016

Management approach

103-1 Explanation of material topic and its coverage 18, 20, 45, 72, 75, 76 √ 103-2 Management approach and its components 18, 20, 45, 72, 73, 75, 76 √ 103-3 Evaluation of the management approach 18, 20, 45, 72, 75, 76 √

GRI 203: 2016 Indirect economic impacts 203-1 Investment in infrastructure and services supported 18, 25, 49, 72, 76, 77 √ 203-2 Significant indirect economic impacts 73, 74, 75, 78 √

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

204: Procurement practices

GRI 103: 2016

Management approach

GRI 204: 2016

Reason for omission External verification

103-1 Explanation of material topic and its coverage 23 √ 103-2 Management approach and its components 23, 25 √ 103-3 Evaluation of the management approach 23, 25 √

Procurement practices 204-1 Proportion of spending on local suppliers 23, 25 √

205: Anti-corruption

GRI 103: 2016

Management approach

GRI 205:

2016 Anti-Corruption

103-1 Explanation of material topic and its coverage 13, 24, 25, 39, 47 √ 103-2 Management approach and its components 13, 16, 24, 25, 39, 47 √ 103-3 Evaluation of the management approach 13, 16, 24, 25, 39, 47 √

205-1 Operations evaluated for risks related to corruption 24, 25, 39, 47 √ 205-2 Communication and training in anti-corruption policies and procedures 13 √ 205-3 Confirmed cases of corruption and actions taken 47 There were no cases in this period √

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

GRI Thematic Standard 300 Series: Environmental issues

302: Energy GRI 103: 2016 Management approach

GRI 302: Energy 2016

303: Water and Effluents

GRI 103: 2016

Management approach

GRI 303: Water and Effluents 2018

Reason for omission External verification

103-1 Explanation of material topic and its coverage 62, 64 √ 103-2 Management approach and its components 62, 64 √ 103-3 Evaluation of the management approach 62, 64 √

302-1 Energy consumption within the organization 64 √ 302-2 Energy consumption within the organization 64 √ 302-4 Power consumption reduction 64 √

103-1 Explanation of material topic and its coverage 20, 62, 67, 68 √ 103-2 Management approach and its components 20, 62, 67, 68 √ 103-3 Evaluation of the management approach 20, 62, 67, 68 √

303-1 Interaction with water as a shared resource 45, 67 √ 303-2 Impact management related to water discharges 67, 68 √ 303-3 Water extraction 67 √ 303-5 Water Consumption 67 √

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

304: Biodiversity

GRI 103: 2016

Management approach

305: Emisiones

GRI 103: 2016

Management approach

GRI 305: 2016

Emissions

Reason for omission External verification

103-1 Explanation of material topic and its coverage 62, 69 √ 103-2 Management approach and its components 62, 69, 79 √ 103-3 Evaluation of the management approach 62, 69, 79 √ 304-2 Significant impacts of activities, products and services on biodiversity 39, 69 √ 304-3 Protected or restored habitats 39, 69, 79 √ 304-4 Number of species included in the IUCN Red List and in national conservation listings whose habitats are in areas affected by operations, according to the level of danger of extinction of the species 39, 69 √

103-1 Explanation of material topic and its coverage 62, 63, 65 √ 103-2 Management approach and its components 62, 63, 65 √ 103-3 Evaluation of the management approach 62, 63, 65 √

305-1 Direct GHG emissions (scope 1) 65 √ 305-2 Indirect GHG emissions energy generation(scope 2) 49 √ 305-5 Reduction of GHG emissions 63, 65 √

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

306: Waste

GRI 103: 2016

Management approach

Reason for omission External verification

103-1 Explanation of material topic and its coverage 62, 68 √ 103-2 Management approach and its components 62, 68 √ 103-3 Evaluation of the management approach 62, 68 √ 306-3 Waste generated 68 √ 306-4 Waste not intended for disposal 68 √ 306-5 Waste intended for disposal 68 √

307: Environmental Compliance

GRI 103: 2016

Management approach

103-1 Explanation of material topic and its coverage 47, 62, 66 √ 103-2 Management approach and its components 21, 22, 47, 62, 66 √ 103-3 Evaluation of the management approach 47, 62, 66 √

GRI 307: 2016

Environmental compliance 307-1 Non-compliance with environmental laws and regulations 47, 66 There were no cases in this period √

308: Supplier environmental assessment

GRI 103: 2016

Management approach

103-1 Explanation of material topic and its coverage 23 √ 103-2 Management approach and its components 23 √ 103-3 Evaluation of the management approach 23 √

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

GRI 308: 2016

Reason for omission External verification

Supplier environmental assessment 308-1 New suppliers that have passed screening and evaluation filters according to environmental criteria 23 √

401: Employment

GRI 103: 2016

Management approach

103-1 Explanation of material topic and its coverage 51, 57 √ 103-2 Management approach and its components 51, 57 √ 103-3 Evaluation of the management approach 51, 57 √

GRI 401: 2016 Employment 401-2 Benefits for full-time employees that are not given to parttime or temporary employees 51, 57 √

403: Occupational health and safety

GRI 103: 2016

Management approach

103-1 Explanation of material topic and its coverage 51, 52 √ 103-2 Management approach and its components 22, 25, 51, 52, 53, 57 √ 103-3 Evaluation of the management approach 22, 25, 51, 52, 53, 57 √

GRI 403: 2018

Occupational Health and Safety

403-1 Health and safety management system at work 21, 22, 25, 41, 52, 58, 59 √ 403-2 Hazard identification, risk assessment and incident investigation 49, 52, 58, 59 √ 403-3 Work Health Services 52, 58, 60 √ 403-4 Worker participation, consultation and communication on health and safety at work 53,58, 60 √ 403-5 Training workers on occupational health and safety 52 √

GRI Estándar Temático serie 400: Temas Sociales

GRI TABLE OF CONTENTS

GRI-102-55

GRI Standard Content Description Page/Reference

GRI 403: 2018

Occupational Health and Safety

404: Training and teaching

GRI 103: 2016

Management approach

Reason for omission External verification

403-6 Promoting workers’ health 51, 52, 55, 57, 58, 60 √ 403-7 Prevention and mitigation of occupational health and safety impacts directly linked with business relationships 52, 58 √ 403-9 Injuries due to work accident 52, 54 √

103-1 Explanation of material topic and its coverage 26 √ 103-2 Management approach and its components 26, 27 √ 103-3 Evaluation of the management approach 26, 27 √

GRI 404: 2016 Training and teaching 404-1 Average training hours per year per employee 49 √ 404-2 Employee skills improvement programs and transition assistance programs 26, 27, 56 √

405: Diversity and equal opportunities

GRI 103: 2016

Management approach

103-1 Explanation of material topic and its coverage 20, 45 √ 103-2 Management approach and its components 20, 45 √ 103-3 Evaluation of the management approach 20, 45 √

GRI 405: 2016

Diversity and equal opportunities 405-1 Diversity in government bodies and employees 45 √

GRI TABLE OF CONTENTS

Reason for omission External verification

406: No discrimination GRI 103: 2016 Management approach

103-1 Explanation of material topic and its coverage 47 √ 103-2 Management approach and its components 47 √ 103-3 Evaluation of the management approach 47 √ GRI 406: Non-discrimination 2016 406-1 Cases of discrimination and corrective actions taken

There were no cases in this period √ 407: Freedom of business collective association

GRI 103: 2016 Management approach

There were no cases in this period √

103-1 Explanation of material topic and its coverage 47 √ 103-2 Management approach and its components 47 √ 103-3 Evaluation of the management approach 47 √ GRI 407: 2016 Freedom of association and collective bargaining 407-1 Operations and suppliers whose right to freedom of association and collective bargaining could be at risk

408: Child Labor GRI 103: 2016 Management approach

103-1 Explanation of material topic and its coverage 47 √ 103-2 Management approach and its components 47 √ 103-3 Evaluation of the management approach 47 √

Compliance with the values REIR, Code of Ethics, local laws and committed to the Global Compact is ensured to avoid the existence of these risks √ 409:

GRI 408: 2016 Child Labor 408-1 Operations and suppliers with significant risks of cases of child labor

SASB TABLE OF CONTENTS

POWER COMPANIES AND ELECTRIC GENERATORS

Topic Code

Accounting Parameter

Greenhouse gas emissions and planning of energy resources

Water management

Energy affordability

Health and safety of the workforce

Activity Metrics

Page Answer/Reference Verification GRI Reference

IF-EU-110a.1 (1) Gross global emissions of scope 1, percentage covered by (2) emission limitation regulations and (3) emission reporting regulations 65 1) 898 tons of CO2 2) 0% of emissions are covered by emission limitation 3) n.a. √ 305-1

IF-EU-110a.3

Analysis of the long- and short-term strategy or plan to manage Scope 1 emissions, emission reduction targets and analysis of results in relation to those targets 41, 42, 63, 65 √ 102-15; 201-2, 305-1, 305-5

IF-EU-140a.1 (1) total water extracted, (2) total water consumed, percentage of each in regions with high or extremely high initial water stress 67 1) 18897 m3, 0% 2) 18,898 m3, 0 % √ 303-3,303-5

IF-EU-140a.2 Number of non-compliance incidents related to water quality or quantity permits, standards and regulations 68 √ 303,307-1

IF-EU-140a.3 Description of the risks involved in water management, and analysis of strategies and practices to mitigate them 67, 68 √ 303-1; 102-15

IF-EU-240a.4 Analysis of the effect of external factors on the affordability of electricity to customers, including economic conditions in the territory of service 20, 45 √ "EU27; 102-43, 102-44"

IF-EU-320a.1 (1) Total recordable incident rate (TRIR), (2) mortality rate and (3) Near miss frequency rate (NMFR) 52 403-9

IF-EU-000.D Total electricity generated, percentage by main energy source, percentage in regulated markets 109.52 GWh, 39% hydraulic, 21% solar, 40% wind √ EU2

BIENES INMUEBLES

Topic Code

Activity Metrics

Adaptation to climate change

IF-RE-000.A

SASB TABLE OF CONTENTS

Accounting Parameter Page Answer/Reference Verification GRI Reference

Number of properties by real estate sub-sector2 33, 37

IF-RE-450a.2

Energy Management

IF-RE-130a.5

Water management

IF-RE-140a.4

Water management IF-RE-140a.1

REAL ESTATE

Topic

Incorporation of environmental, social and corporate management factors into investment banking and brokerage activities

FN-IB-410a.3

√ 102-2

Description of climate change risk exposure analysis, degree of systematic portfolio exposure and risk mitigation strategies 24, 62, 63 √ 102-15, 10229, 102-31, 201-2

Description of how building energy management considerations are integrated into the analysis of real estate investments and operational strategy 42, 62 √ 102-29, 302

Description of the risks involved in water management, and analysis of strategies and practices to mitigate them 45, 62, 67 √ 303-1 al 3035

Data coverage of extracted water, expressed as a percentage, of (1) the total useful area and (2) the useful area in regions where high or extremely high initial water stress occurs, by real estate subsector

100% in low and medium stress √ 303-3

Business ethics

FN-IB-510a.2

Description of the approach to incorporate environmental, social and corporate management factors (ESG) into investment banking and brokerage activities 24, 39

√ 102-15, 10229, 102-31, 201-2

Description of policies and procedures for reporting irregularities 13, 16, 25 √ 102-16, 10217, 205

SASB TABLE OF CONTENTS

SEGUROS

Topic

Incorporation of environmental, social and corporate management factors into investment banking and brokerage activities

FN-IN-410a.2

Description of the approach to incorporate environmental, social and corporate management factors (ESG) into investment banking and brokerage activities 24, 25

√ 102-15, 10229, 102-31, 201-2

Exposure to environmental risk

COMMERCIAL BANKING

FN-IN-450a.2

Description of the approach to incorporating environmental risks into (1) the process of signing individual contracts and (2) the management of risks at the company level and capital adequacy 39 √ 102-15, 10229, 102-31, 201-2

TABLE OF CONTENTS OF THE GLOBAL COMPACT PRINCIPLES

Topic Principles of the Global Compact Page

Principle 1

Human Rights

Businesses should support and respect the protection of internationally proclaimed human rights in their sphere of influence 13, 47, 72

Principle 2 Companies must ensure that its partners and associates are not complicit in human rights abuses 13, 47, 72, 80

Principle 3

Labor standards

Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining 13, 47

Principle 4 Companies should support the elimination of all forms of forced and compulsory labor 13, 47

Principle 5 Companies should support the effective abolition of child labor 13, 47

Principle 6 Companies should support the elimination of discrimination practices in respect of employment and occupation

Principle 7 Businesses should support a precautionary approach to environmental challenges

Environment

Principle 8 Companies should undertake initiatives to promote greater environmental responsibility

13, 20, 45, 47, 51, 56, 72, 73, 75

13, 20, 27, 35, 40, 45, 47, 62, 63, 64, 65, 66, 67, 68, 69, 72, 79

20, 35, 36, 40, 42, 45, 47, 49, 62, 63, 64, 65, 66, 67, 68, 69, 72, 73, 75, 79

Principle 9 Companies must encourage the development and diffusion of environmentally friendly technologies

Anti-corruption

Principle 10

20, 35, 36, 40, 45, 47, 49, 62, 63, 64, 65, 66, 67, 69, 79

Businesses should work against corruption in all its forms, including extortion and bribery 13, 47

SUSTAINABLE DEVELOPMENT GOALS TABLE OF CONTENTS

Objetivos de Desarrollo Sostenible Página

Goal 5

Achieve gender equality and empower all women and girls 20, 25, 29, 45, 47, 51, 56, 60, 72, 73, 75, 76

Goal 6

Ensure availability and sustainable management of water and sanitation for all 20, 29, 45, 62, 67, 68, 69, 76, 77, 79

Goal 7

Ensure access to affordable, reliable, sustainable and modern energy for all 20, 29, 34, 35, 36, 40, 45, 47, 49, 63, 6, 64, 65

Goal 8

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9

20, 23, 29, 40, 42, 45, 47, 49, 51, 52, 53, 54, 55, 56, 58, 59, 60, 70, 72, 73, 75, 76, 77

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation 20, 29, 35, 36, 40, 42, 46, 47, 49, 72, 73, 76

Goal 11

Make cities and human settlements inclusive, safe, resilient and sustainable 20, 29, 35, 40, 46, 47, 49 62, 63, 66, 67, 68, 69, 75, 76, 77, 79

Goal 13

Take urgent action to combat climate change and its impacts 20, 29, 35, 36, 40, 42, 46, 47, 49, 62, 63, 64, 65, 66, 67, 69, 70, 72, 79

EXTERNAL VERIFICATION

Informe de Verificación Independiente

Independent Verification Report

Hemos realizado una verificación independiente de los contenidos de información e indicadores del Informe de Sostenibilidad 2021 de Investment Energy Resources Limited como ejercicio de proporcionar una opinión sobre

Informe de Verificación Independiente

Opinión

De conformidad al trabajo de verificación independiente y los procesos descritos en este informe, no se ha puesto de manifiesto aspecto alguno que nos haga creer que el Informe de Sostenibilidad 2021 de Investment Energy Resources Limited, no ha sido prepa rado en los aspectos significativos, de conformidad a los Estándares del Global Reporting Initiative opción esencial.

Donde no se ha informado indicadores cuantitativos, se ha reportado y revisado los asuntos relativos a información cualitativa tales como información de proyectos, actividades, políticas estándares y los sistemas de gestión correspondientes a los temas materiales

Opinión

Recomendaciones

Adicionalmente a este informe de verificación independiente, CentraRSE ha entregado a Investment Energy Resources Limited, un informe con los hallazgos y oportunidades de mejora para la elaboración del próximo informe de sostenibilidad.

De conformidad al trabajo de verificación independiente y los procesos descritos en este informe, no se ha puesto de manifiesto aspecto alguno que nos haga creer que el Informe de Sostenibilidad 2021 de Investment Energy Resources Limited, no ha sido prepa rado en los aspectos significativos, de conformidad a los Estándares del Global Reporting Initiative opción esencial.

Informe de Verificación Independiente

Recommendations

• a aplicación de los principios para el contenido del reporte según el estándar definido para su elaboración;

• y el cumplimiento de conformidad con la opción elegida y declarada para divulgar el contenido correspondiente al estándar utilizado.

We have conducted an independent verification of the information content, data and indicators of the CMI CAPITAL Sustainability Report 2021, as an exercise to provide an opinion on the quality of the information disseminated and to build confidence in the stakeholders of the reporting organization.

Responsabilidad de la administración del informe de sostenibilidad

Responsibility for the management of the sustainability report

Los administradores de Investment Energy Resources Limited son los responsables por la preparación y elaboración del informe de sostenibilidad de conformidad a los estándares que han adoptado y declarado, así como el contenido de este; del cual también es responsable de la implementación de procesos de gestión y mecanismos de control interno para obtener la información libre de incorreción material o debida, fraude o error.

Nuestra responsabilidad como verificador independiente

Nuestra responsabilidad es emitir una opinión de seguridad limitada, por medio del informe de verificación independiente basándonos en el trabajo realizado El proceso de verificación aplicado fue de nivel moderado.

CMI CAPITAL administrators are responsible for the preparation and drafting the sustainability report in accordance with the standards they have adopted and declared, as well as its content; The administration is also responsible for the implementation of management processes and internal controls to obtain accurate information free of material or due, fraud or errors.

Our responsibility as an independent verifier

Hemos realizado nuestro trabajo en referencia a la Norma Internacional de Encargos de Aseguramiento ISAE 3000 Revisada y sobre la aplicación de los principios, contenidos generales y temáticos de los Estándares del Global Reporting Initiative opción esencial

Procedimiento realizado para el ejercicio de verificación independiente

Realizamos las siguientes actividades para el proceso de verificación:

• El entendimiento del proceso de elaboración del informe por medio de entrevista a los gestores responsables de su elaboración

• Lectura y revisión crítica del contenido del informe en la aplicación de los estándares GRI de conformidad esencial según la materialidad de la entidad informante.

• Lectura y revisión del contenido del informe en la aplicación de los indicadores SASB correspondientes a la industria.

Our responsibility is to issue a limited safety opinion, by means of the independent verification report based on the work performed. The verification process applied was of a moderate level. We have done our work in reference to the revised ISAE 3000 International Standard of Insurance Fees and on the application of the principles, general contents and thematic of the Global Reporting Initiative Standards Essential Option.

• Revisión documental sobre temas e indicadores claves que permitiera obtener información de verificación del informe de sostenibilidad

• Comprobación del proceso metodológico de la definición de los temas materiales y la elaboración del reporte.

Procedure performed for the independent verification exercise

We perform the following activities for the verification process:

CENTRO PARA LA ACCIÓN DE LA RESPONSABILIDAD SOCIAL EMPRESARIAL EN GUATEMALA

6a. Avenida 13-70 Zona 10 / Tel. (502) 2268 3700/ 5066-4270 www.centrarse.org / centrarse@centrarse.org

• Comprehensive reading and review of the content of the sustainability report according to the defined materiality and its significant aspects.

• Review of the content of the report in the application of the SASB indicators corresponding to the industries of the business units of the reporting entity.

Hemos realizado una verificación independiente de los contenidos de información e indicadores del Informe de Sostenibilidad 2021 de Investment Energy Resources Limited como ejercicio de proporcionar una opinión sobre

• a aplicación de los principios para el contenido del reporte según el estándar definido para su elaboración;

• Evaluation of the materiality of the report and its importance.

• y el cumplimiento de conformidad con la opción elegida y declarada para divulgar el contenido correspondiente al estándar utilizado.

• Review the report process with its development administrator.

Responsabilidad de la administración del informe de sostenibilidad

Hemos realizado una verificación independiente de los contenidos de información e indicadores del Informe de Sostenibilidad 2021 de Investment Energy Resources Limited como ejercicio de proporcionar una opinión sobre:

Donde no se ha informado indicadores cuantitativos, se ha reportado y revisado los asuntos relativos a información cualitativa tales como información de proyectos, actividades, políticas estándares y los sistemas de gestión correspondientes a los temas materiales.

Juan Pablo Morataya Gerente General y Representante Legal CENTRARSE

Recomendaciones

• a aplicación de los principios para el contenido del reporte según el estándar definido para su elaboración;

Guatemala, 23 de mayo de 2022

• Documentary review on key issues and indicators that would allow obtaining verifiable information and consistency of the sustainability report.

Los administradores de Investment Energy Resources Limited son los responsables por la preparación y elaboración del informe de sostenibilidad de conformidad a los estándares que han adoptado y declarado así como el contenido de este; del cual también es responsable de la implementación de procesos de gestión y mecanismos de control interno para obtener la información libre de incorreción material o debida, fraude o error.

• Verification of the methodological process for the definition of material topics and the preparation of the report.

Opinion

Nuestra responsabilidad como verificador independiente

Nuestra responsabilidad es emitir una opinión de seguridad limitada, por medio del informe de verificación independiente basándonos en el trabajo realizado El proceso de verificación aplicado fue de nivel moderado.

Hemos realizado nuestro trabajo en referencia a la Norma Internacional de Encargos de Aseguramiento ISAE 3000 Revisada y sobre la aplicación de los principios, contenidos generales y temáticos de los Estándares del Global Reporting Initiative opción esencial

Procedimiento realizado para el ejercicio de verificación independiente

Realizamos las siguientes actividades para el proceso de verificación:

In accordance with the independent verification work and the processes described in this report, there has been no evidence that the CMI CAPITAL 2021 Sustainability Report has not been prepared in significant aspects, in accordance with the Global Reporting Initiative Standards essential option.

• El entendimiento del proceso de elaboración del informe por medio de entrevista a los gestores responsables de su elaboración

• Lectura y revisión crítica del contenido del informe en la aplicación de los estándares GRI de conformidad esencial según la materialidad de la entidad informante.

• Lectura y revisión del contenido del informe en la aplicación de los indicadores SASB correspondientes a la industria.

• Revisión documental sobre temas e indicadores claves que permitiera obtener información de verificación del informe de sostenibilidad

Where quantitative indicators have not been reported, issues related to qualitative information such as information on policies, standards, management systems, projects and activities corresponding to materiality have been reported and reviewed.

• Comprobación del proceso metodológico de la definición de los temas materiales y la elaboración del reporte.

In this exercise we identified a considerable progress in aligning the business with the contribution to the prioritized United Nations Sustainable Development Goals and the ten principles of the Global Compact, from the sustainability vision and framework that is being built and reported.

CENTRO PARA LA ACCIÓN DE LA RESPONSABILIDAD SOCIAL EMPRESARIAL EN GUATEMALA 6a. Avenida 13-70 Zona 10 / Tel. (502) 2268 3700/ 5066-4270 www.centrarse.org / centrarse@centrarse.org

In addition to the initial incorporation of ESG materiality indicators when applying SASB.

In addition to this independent verification report, CentranRSE has provided CMI CAPITAL with a report on the findings and opportunities for improvement in the preparation of the next sustainability report.

• y el cumplimiento de conformidad con la opción elegida y declarada para divulgar el contenido correspondiente al estándar utilizado.

Adicionalmente a este informe de verificación independiente, CentraRSE ha entregado a Investment Energy Resources Limited, un informe con los hallazgos y oportunidades de mejora para la elaboración del próximo informe de sostenibilidad.

Responsabilidad de la administración del informe de sostenibilidad

Los administradores de Investment Energy Resources Limited son los responsables por la preparación y elaboración del informe de sostenibilidad de conformidad a los estándares que ha y declarado así como el contenido de este; del cual también es responsable de la implementación de procesos de gestión y mecanismos de control interno para obtener la información libre de incorreción material o debida, fraude o error.

Nuestra responsabilidad como verificador independiente

Guatemala, July 7, 2022

Guatemala, 23 de mayo de 2022

Nuestra responsabilidad es emitir una opinión de seguridad limitada, por medio del informe de verificación independiente basándonos en el trabajo realizado El proceso de verificación aplicado fue de nivel moderado.

nuestro trabajo la Norma Internacional de Encargos de Aseguramiento ISAE 3000 Revisada y sobre la aplicación de los principios, contenidos generales y temáticos de los Estándares del Global Reporting Initiative opción esencial

Procedimiento realizado para el ejercicio de verificación independiente

CENTRARSE es el Centro para la Acción de la Responsabilidad Social Empresarial en Guatemala. Es una asociación no lucrativa, no gubernamental promotora de la RSE y sostenibilidad, es la organización más influyente del país y una de las más importantes a nivel regional, capítulo local del Consejo Empresarial Mundial para el Desarrollo Sostenible y cuenta con nombramiento oficial por el Ministerio de Economía de la República de Guatemala como experto Intergubernamental en Normas Internacionales de Contabilidad y Presentación de Informes (ISAR) de la Conferencia de las Naciones Unidas para el Comercio y Desar rollo UNCTAD. Es Certified Training Partner Community Member e Implementation Partner del Global Reporting Initiative. Su representante legal y el equipo verificador cuenta con la certificación GRI Professional Certification emitido por el Global Reporting Initiative

Realizamos las siguientes actividades para el proceso de verificación:

• El entendimiento del proceso de elaboración del informe por medio de entrevista a los gestores responsables de su elaboración

• Lectura y revisión crítica del contenido del informe en la aplicación de los estándares GRI de conformidad esencial según la materialidad de la entidad informante.

CENTRO PARA LA ACCIÓN DE LA RESPONSABILIDAD SOCIAL EMPRESARIAL EN GUATEMALA 6a. Avenida 13-70 Zona 10 / Tel. (502) 2268 3700/ 5066-4270 www.centrarse.org / centrarse@centrarse.org

• Lectura y revisión del contenido del informe en la aplicación de los indicadores SASB correspondientes a la industria.

• Revisión documental sobre temas e indicadores claves que permitiera obtener información de verificación del informe de sostenibilidad

• Comprobación del proceso metodológico de la definición de los temas materiales y la elaboración del reporte.

CENTRARSE is the Center for Corporate Social Responsibility Action, Guatemala It is a non-profit, non-government association promoting CSR and sustainability, the most influential organization in the country and one of the most important at the regional level. Local chapter of the World Business Council for Sustainable Development and officially appointed by the Ministry of Economy of the Republic of Guatemala as the Intergovernmental Expert on International Standards of Accounting and Reporting (ISAR) of the United Nations Conference on Trade and Development UNCTAD. Certified Training Partner, Community Member, and Implementation Partner of the Global Reporting Initiative. Its legal representative and the verification team have the GRI Professional Certification issued by the Global Reporting Initiative.

CENTRARSE es el Centro para la Acción de la Responsabilidad Social Empresarial en Guatemala. Es una asociación no lucrativa, no gubernamental promotora de la RSE y sostenibilidad, es la organización más influyente del país y una de las más importantes a nivel regional, capítulo local del Consejo Empresarial Mundial para el Desarrollo Sostenible y cuenta con nombramiento oficial por el Ministerio de Economía de la República de Guatemala como experto Intergubernamental en Normas Internacionales de Contabilidad y Presentación de Informes (ISAR) de la Conferencia de las Naciones Unidas para el Comercio y Desar rollo UNCTAD. Es Certified Training Partner Community Member e Implementation Partner del Global Reporting Initiative. Su representante legal y el equipo verificador cuenta con la certificación GRI Professional Certification emitido por el Global Reporting Initiative

CENTRO PARA LA ACCIÓN DE LA RESPONSABILIDAD SOCIAL EMPRESARIAL EN GUATEMALA

CENTRO PARA LA ACCIÓN DE LA RESPONSABILIDAD SOCIAL EMPRESARIAL EN GUATEMALA 6a. Avenida 13-70 Zona 10 / Tel. (502) 2268 3700/ 5066-4270 www.centrarse.org / centrarse@centrarse.org

6a. Avenida 13-70 Zona 10 / Tel. (502) 2268 3700/ 5066-4270

www.centrarse.org / centrarse@centrarse.org

Center for Corporate Social Responsibility Action, Guatemala (CENTRARSE). Avenida 13-70 Zona 10 / Tel. (502) 2268 3700/ 5066-4270 www.centrarse.org / centrarse@centrarse.org

Juan Pablo Morataya Gerente General y Representante Legal CENTRARSE