Mission Produce: Environmental, Social & Governance Report 2020 by MissionAvocados

Finest for the Future

E N V I R O N M E N TA L , S O C I A L & G O V E R N A N C E R E P O R T MISSION PRODUCE

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2020

From People to Product to Planet. About This Report Mission Produce, Inc. is proud to present our inaugural 2020 Environmental, Social and Governance (ESG) Report. Developed with our stakeholders in mind, this report communicates our efforts and commitment across our global supply chain to a more sustainable world.

context on programs we have implemented since our company began. The scope of this report includes all Mission-owned facilities, globally. We have restrictions in reporting on behalf of third-parties we work with; however, we require our entire network to meet the same standards we comply with in our own operations.

As the world’s leader in sourcing, distributing and marketing fresh avocados, we recognize our responsibility to provide transparency in our efforts, perform responsible business practices, and elevate expectations of the industry. The information in this report summarizes the status of our efforts throughout our 2020 fiscal year, from November 2019 to October 2020, and provides

We have extracted, analyzed and presented data in reference to the Global Reporting Initiative (GRI) to inform our approach and have aligned our priority sustainability topics with the Sustainability Accounting Standards Board (SASB). For further information or feedback regarding this report, please contact marketing@missionproduce.com.

Table of Contents 2

Message From Steve Barnard, CEO and Founder

About Mission

Our Commitment To Sustainability Our Goals

8 10

Our Approach Finest For Our People Our COVID Response Health And Safety Fair Labor Employee Education And Development Farmer Engagement And Support Community Investment

Finest For Our Product Product Quality And Safety

Finest For Our Planet Energy And Emissions Water Management Waste Reduction Food Waste Responsible Packaging Recycling Farming

Corporate Governance Data And Security

SASB Index

Message From Steve Barnard, CEO and Founder Throughout our history, Mission Produce has remained progressive, and rooted in honesty, respect and loyalty. There is nothing simple about growing and marketing the world’s finest avocados– it requires us to make the right choices, be forward-thinking globally and act locally. With a foundational respect for our land, our resources and our people, Mission Produce was born out of an awareness of being good stewards. Although we are reporting on sustainability for the first time publicly, we have invested in our people, state-of-the-art technology and infrastructure, as well as consulted industry experts to responsibly serve our fields, customers and growers for over 35 years. We have thoroughly investigated the unique environmental attributes of each of our growing regions, in order to protect the health, safety and productivity of the land. We have designated people across our entire network to ensure our operations align with global standards and environmental health initiatives, as we continue to control and reduce our carbon footprint. Our advanced farming operations and technology allow us to keep our water usage per avocado well below the industry average. We implement solar power renewable energy and work to reduce our packaging, which has allowed us to decrease our total greenhouse gas emissions and waste, yearover-year. Taking care of our people and our communities is a top priority for us. As a global company, it would be amiss to ignore the unprecedented challenge of addressing the COVID-19 pandemic in and outside of our organization. We responded with a people-first approach, ramping up all health and safety procedures to combat virus spread. I am extremely proud of the Mission family for serving

on the ground as an essential business, especially to meet the demand of our nutrient-dense fruit, as avocados increasingly become a staple food for a large percentage of the population. Another high-priority topic for our company, industry and society is the integration of improved Diversity, Equity and Inclusion (DE&I). Diverse backgrounds and experiences lead to a dynamic, more robust business across all areas. We currently report an almost 50% women representation rate in our global workforce, nearly 20% of whom were promoted in 2020. As we continue to understand how we can improve our company’s DE&I, we have set forth strategic goals to address this issue effectively. After a holistic review of the status of our sustainability efforts thus far, I am proud to highlight: • Compared to 2019, in 2020, we were able to decrease our total global scope 1 and 2 emissions by 15.8% and reduce our total waste by 16.2%. • We modified our pallet configuration and box design, resulting in the removal of 285 over-theroad trucks from our supply chain and 20 acres preserved from deforestation. • Our strategic farming methods allowed our California crops to use 40% less irrigation water to produce a single avocado when compared against the average California grower.1 Additionally, compared to the average grower in Peru, we use 40.5% less water to produce a single avocado.2 • During peak season, almost three-quarters of our packing facility in Oxnard, California, is powered by solar energy. Our planet’s resources are invaluable. As we reflect on the benchmark numbers provided in this report, we commit to continuing advancements and

improvements, so that each year we become more sustainable. We look forward to driving enhanced industry expectations for the finest, most responsible and ethical farming practices. Welcome to our inaugural ESG report. Best,

Steve Barnard Founder and Chief Executive Officer Mission Produce Inc.

We are the world’s most advanced avocado network and a recognized global leader in the avocado business. About Mission For over 35 years, we have pioneered global methods of sourcing, producing and distributing fresh avocados, servicing retail, wholesale and food service customers in over 25 countries. Vertically integrated, we own over 11,000 acres globally and operate 11 forward distribution centers, as well as operate four state-of-the-art avocado packing facilities across California, Mexico and Peru, along with additional sourcing capabilities in Chile, Colombia, the Dominican Republic, Guatemala, New Zealand and South Africa. Strong grower relationships with agricultural experts across the globe allow us to provide a year-round supply of the world’s finest avocados and curate customized ripening programs to satisfy each customer’s needs.

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Our Commitment To Sustainability With advanced sustainability practices that protect our land, preserve our resources and support the health and safety of our people, we understand our responsibility to minimize our global footprint, promote ethical supply chains and cultivate a better future for generations to come.

We believe our sustainability initiatives embody our core values: Fun, Innovative, Reliable, Successful and Trustworthy. We operate under conservation and environmental health initiatives, like the Rainforest Alliance. We utilize drip irrigation and recyclable packaging whenever possible, and heavily invest in sustainable technology, such as solar energy. Additionally, we subject our business operations to audits by the Business Social Compliance Initiative (BSCI) and the Sedex Members Ethical Trade Audit (SMETA). For more information, please visit missionproduce.com 6

Our Goals As we reflect on the insights gleaned from this report, and plan our way forward, we outline the following goals to keep ourselves accountable and transparent in our progress toward a more sustainable future. Our first ESG report is intended to provide benchmark numbers across our priority topics in order to clarify how our operations impact our goal to provide the finest for our people, product and planet.

Climate Risk

Community Investment

We aim to more effectively monitor, understand and mitigate the effects of our operations on climate risk by:

Our goal is to increase charitable giving by 50% by the end of 2022.

• Integrating and unifying our sustainability practices across our entire global network. • Improving the monitoring, tracking and reporting of the metrics within our priority topics for fiscal year 2021. • Collecting scope 3 data in the coming years to better understand our environmental impact.

Waste Reduction We plan to reduce our waste and plastic usage throughout the supply chain by: • Implementing a reduced plastic bag in at least 50% of the bags we pack and ship globally by fiscal year 2025. • Applying shelf-life extension technology to 22.5 million pounds of avocados to combat food waste by the end of 2021. Achieving this goal will result in a potential 550 truckloads of avocados diverted from landfills.

Diversity, Equity and Inclusion (DE&I) As we analyze the status and impact of DE&I on our organization, we develop actionable goals to gain more understanding of how to promote DE&I in our workforce and our industry, including: • Sponsoring the produce industry’s first-ever DE&I initiative in 2021, conducted by the Center For Growing Talent of the Produce Marketing Association. • Conducting annual DE&I employee and management training across our network to encourage our workforce to work compatibly. • Diversifying the applicant pool for our internship program by leveraging and growing relationships with diverse colleges. • Reporting pay equity analysis to our Board of Directors annually.

Our Approach To develop our first ESG report, we created a cross-departmental Sustainability Steering Committee and working group of globally encompassing teams to collect the stories across our global network. We connected with over 40 of our stakeholders, through interviews, surveys and research to understand and identify the priority topics. We are using this data to inform our direction toward a more sustainable world.

All content included in the report has been reviewed by Mission’s Nominating and Corporate Governance Committee, along with the executive suite.

Our team worked with a globally recognized consulting firm to understand sustainability topics, footprinting, the materiality process and obtain advice and recommendations. The Mission Produce team identified focus areas and priority topics for reporting, as well as the direction to progress with projects and practices in the years to come.

Using recognized frameworks and methodologies, we analyzed our global footprint, measuring our use of greenhouse gases, waste and water across our farms and facilities. We outlined the status of our ongoing sustainability projects and engaged our internal stakeholders to gain a deep understanding of company practices.

Farmer Engagement and Support

Based on results from our materiality assessment, internal discovery process, and strategic workshops, we designed our sustainability framework with three focuses in mind: finest for our people, finest for our product and finest for our planet.

Community Investment

Fair Labor

Workforce Health and Safety

Employee Education and Development

Finest For Our People Finest For Our Product Finest For Our Planet Food Waste Responsible Packaging

Energy and Emissions

Water Management and Conservation

Regenerative Farming and Biodiversity

Food Quality and Safety

Materiality Assessment Process

Evaluate relevant ESG topics

Identify internal and external stakeholders

Executive Suite

Steering Committee

Assess the impacts of the organization

Assess the influence on stakeholder decision-making

Global Cross-Functional Working Group

Topic prioritization

Stakeholders

Integrate findings in business strategy and ESG reporting

Finest for Our People Our people are the reason we are the world’s leading avocado company – our Mission family is rooted in honesty, respect and loyalty. We are driven and passionate with one thing on our mind: grow and market the absolute best avocados on the planet. Therefore, our goal is to ensure the finest workplace for our people. Of particular importance to our company, and our stakeholders, we are analyzing the status and impact of DE&I on our organization to develop actionable goals to gain more understanding of how to promote DE&I in our workforce and our industry, including: • Sponsoring the produce industry’s firstever DE&I initiative in 2021, conducted by the Center for Growing Talent of the Produce Marketing Association. • Conducting annual DE&I employee and management training across our network to encourage our workforce to work compatibly. • Diversifying the applicant pool for our internship program by leveraging and growing relationships with diverse colleges. • Reporting pay equity analysis to our Board of Directors annually.

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Our COVID Response The COVID-19 pandemic is an unprecedented global challenge – one we addressed with extreme caution for our employees, customers and consumers. As an essential business, we remained fully operational, following all regional and international governmental ordinances to prevent virus spread and ensure the health and safety of our people. While many of our corporate employees transitioned to working from home, most of our essential workers remained on-site in our packing facilities, distribution centers and farms to continue providing the consumer with healthy food and promote a reliable supply chain. We implemented the following practices to meet the needs of our employees, as well as combat the effects of the pandemic on the increasing demand we faced as a business:

C O V I D -19 M E A S U R E S

• COVID-related trainings on hygiene, prevention and self-care • Temperature checks upon entering any building or facility • Staggered shifts to minimize staff interactions • The requirement of facial masks at all times • Availability of ample personal protective equipment (PPE) and hygiene care • Increased sanitization of high-touch surfaces • Air purification • Decontamination tunnels • Health screenings • Ozone generators for high-traffic areas • Temperature increases in transport units to create an unsuitable environment for bacteria and viruses • Increased internal communication regarding COVID • The disinfection of shoes with citric acid to prevent cross-contamination from outside the company* • An increased consumption of Vitamin C, as advised by a company nutritionist* • Daily staff trainings and campaigns on proper hand washing methods, social distancing and other preventative measures* * specific to South and Central America

Additionally, in the La Libertad and Lambayeque regions in Peru, we belong to and participate in the Asociacion de Agricultores Agroexportadores Propietarios de Terrenos de Chavimochic (APTCH) and Asociación Pro Olmos unions in order to support community responses to the pandemic in Peru.

Health and Safety Our workforce at Mission is an important stakeholder and key to our success. The National Institute for Occupational Safety and Health (NIOSH) states that agriculture ranks among the most hazardous industries; therefore, keeping a safe and healthy workforce on our farms and in our facilities is vital. We have dedicated teams reporting directly to the executive suite who work to improve working conditions to meet the everchanging needs of people in our workforce. Starting at onboarding, we provide company and industry introductions, as well as walk through our employee handbook and Code of Conduct, which serve as the north star of our company culture, integrity and behaviors. All employees participate in general health and safety education and receive hands-on training according to their role in the company. These trainings may include:

Injury and emergency response

Evacuation drills

Machine safety courses

Vehicle and Technical Heat illness and equipment operation maintenance work exposure prevention

We also provide the following to contribute to the health and well-being of our people:

H E A LT H

• An Occupational Safety and Health Committee • Voluntary Occupational Safety and Health Administration (OSHA) consultations • A 24/7 nurse hotline for any work-related injuries or emergencies • Health campaigns to educate on healthy lifestyles

WELLNESS

• Full-time medical staff in our Peru and Mexico facilities

• Ergonomic-friendly equipment • Loss control, which provides recommendations to reduce the frequency and severity of losses arising from fire, crime and liability • Ethics Point, an anonymous hotline where employees can report any ethical concerns or issues

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Fair Labor Keeping our people safe and supported by ethical practices allows us to operate as a responsible and sustainable company. According to the U.S. Department of Labor, typical problems with fair labor include a lack of documentation for temporary agricultural employees, as well as discrepancies in overtime pay. We deeply care about the rights of our people and use many processes to ensure acceptable conditions, appropriate compensation, and occupational safety and health. In addition to our U.S. operations, we are vertically integrated in Peru, and are developing and preparing our future operations in Colombia and Guatemala for vertical integration. Due to restriction in reporting on behalf of thirdparties we work with, we cannot make claims for operations outside our company. However, we ensure that all entities we work with are compliant with fair labor standards according to region and meet the same standards as our own operations. At Mission, we are certified by third-party organizations, such as the Business Social Compliance Initiative (BSCI) in Peru and the Sedex Members Ethical Trade Audit (SMETA) in Peru and Mexico, which ensure enforcement of proper working conditions and fair labor laws applying to direct Mission personnel. This involves adhering to child labor laws, paying employees legal wages and maintaining a safe work environment. Employees must be of legal age to work in their region of employment. Copies of adequate proof of age documents for all employees are available for random selection on the work floor, which include the employee hiring age and photo identification.

We provide all employees with the full terms of their employment via an oral or written contract, including information on disciplinary practices and their mobility rights. Production quotas are determined on a caseby-case basis, and employees are able to approach management with any concerns without fear of retribution, as well as suggest improvements within the workplace. To provide optimal working conditions, facilities are well-lit, ventilated, free from debris, and clearly marked. Functioning fire equipment and first aid supplies are readily available, and all properties contain multiple unlocked, marked, and accessible exit doors. Our equipment contains appropriate safety measures and all chemicals are used, stored, and disposed of properly. Across all facilities, employees have access to clean, functioning restrooms with running water and trash cans. Additionally, the food area is sanitized and has fire equipment and freezers for storage.

We remain transparent in our transshipment and subcontracting practices, providing shipping documents and disclosures of subcontractors’ names. All goods on the production floor are accounted for by work orders. Packing, shipping and trash areas are checked for evidence of diverted shipments. As we improve reporting processes for all areas of our business, we will not publicly disclose information on average hourly wages, percentage of employees earning minimum wage, percentage of the workforce under collective bargaining agreements, the number of work stoppages or days idle, nor the monetary losses as a result of legal proceedings associated with labor law violations or employment discrimination. Metrics we report on can be found in the SASB Index.

Employee Education and Development From onboarding to tenure, we provide our people with the resources and education they need to lead successful careers. This involves an emphasis on internal development and promotion, along with performance-based bonuses and salary increases. As part of our leadership training and development, we provide coaching and resources for employees at all levels throughout our network. We offer group and one-on-one coaching sessions, third-party career counselors, as well as development seminars. New hires also partake in a thorough onboarding process to promote connection with their teams. In the U.S., we manage a nationally recognized, hands-on internship program that gives the ability to develop longstanding relationships with produce industry leaders. We prepare and teach our interns the ins and outs of agriculture business, creating an invaluable experience. In fact, 66% of our interns from 2018-2019 who completed their degrees have joined our team on a full-time basis. In Mexico, we provide an elementary and high school education program for employees, where we host professors on-site to teach literary skills, granting participants a certification equivalent to a high school diploma. Since the program began seven years ago,

66%

we have had 195 participants, many of whom had little to no reading skills prior to the program. In Peru, our structured training programs include: • Introductions for new hires and newly promoted employees in the company and their positions • Internal trainings in business procedures that allow us to comply with current legislation and auditing processes for certification • Development of soft skills and personnel policies aligned with company values and culture to promote higher performance across positions • Regulatory trainings for members of the first aid unit • Education for harvest and crop assistants • Internships and company tours We also have a dedicated trainee program in Peru that is designed to recruit recent graduates in technical training through a year-long program consisting of special projects. Following evaluations of the trainee’s performance and projects, we provide select opportunities to join the company full-time in their area of expertise.

of our interns from 2018-2019 who completed their degrees have joined our team on a full-time basis. 15

Program Highlight: Women’s Forklift Academy As part of “Impulsa Perú,” a national program for the promotion of job opportunities to improve employee competencies and increase employability, we have trained women to operate and drive forklifts for our facilities to promote gender equity. The program is an intensive month, where we train our personnel in-house, and later certify them through a third party. Since 2018, 24% of program participants still work forklift positions, representing 16% of our forklift drivers in our Peru packhouse facility.

2020 Employee Retention, Representation and Promotion Rates by Region North America

South and Central America

Employee Retention Rate

Woman Representation Rate

Woman Promotion Rate

US and Canada Employees’ Reported Ethnicities by Percentage

Hispanic/Latino

White/Caucasian

Black/African American

Board of Directors’ Reported Ethnicities by Percentage

12.5% 87.5% Hispanic/Latino

White/Caucasian

25% Women

Europe

Global

Employee Retention Rate

Woman Representation Rate

Woman Promotion Rate

Asian

Undisclosed

Two or More

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Farmer Engagement and Support

We are proud to provide world-class grower support, working directly with growers in California, Mexico, Peru, Colombia, Chile, New Zealand, Guatemala, South Africa and the Dominican Republic. We offer full in-country support and abide by all food quality safety standards across the globe. We lean on expert counsel for all farming practices, including plant nutrition, irrigation management, pest management, harvest coordination, marketing conditions and trucking logistics. We retain our growers by providing expert advice, offering competitive returns and timely payments, detailed industry updates and premier market access. We deploy a network of field representatives who are responsible for communicating with our growers, providing education and supervising the quality of the farm, fruit, yields and safety conditions. Our field team is highly knowledgeable about all aspects of avocado farming, and offer total ranch management, as well as on-call advice. Our field representatives play a key role in our business, building lasting relationships with our growers and expanding our grower network. They also provide essential insight and communication from the field to the executive suite on opportunities to innovate as a business. 20

Our field team is highly knowledgeable about all aspects of avocado farming, and offer total ranch management support. We participate in and hold relationships and board positions with highly respected organizations and divisions of government, including:

Industry Associations • California Avocado Society • Produce Marketing Association • Hass Avocado Board • United Fresh Produce Association • Western Growers’ Association • Avocados from Mexico • ProHass • Avocados from Peru • Chilean Avocado Importers’ Association • California Farm Bureau 22

Government Entities • California Department of Food & Agriculture • USDA Animal Plant Health Inspection Service

We also offer technical training to assist our growers in yielding the world’s finest avocados. With specialized education, we maintain expertise across essential functioning categories from farm to table: • Field & Irrigation

• Pest traps

• Major and minor irrigation infrastructures

• Pesticide usage and application

• Agronomic irrigation design

• Use and control of chemical waste

• Distribution uniformity checks

• Quality controls

• Phyto monitoring

• Process controls

• Biological controls

• Environmental health and safety

• Phenology & Histology

• Technology & Administration

• Nutritional monitoring

• Equipment operation and maintenance

• Cultural work

• Management of equipment and software

• Pruning

• Costs and budgeting

• Food Quality & Safety

• Harvest and agricultural projections

• Recognition of pests and diseases

• Fruit processing in the plant

MORE FRUIT

Our technical training has reaped its rewards— our California trees yield an average of two to three times more fruit than the average California tree, due to our expert irrigation management, pruning, plant nutrition, soil nutrition and harvest timing. When measuring pounds produced of avocados per acre, our trees average 15-20,000 pounds, compared to the state average of about 6,000 pounds.1

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Community Investment From our humble California beginnings to our global presence today, we are committed to the people and communities that make up our Mission Produce family. We have a unique opportunity to positively impact communities across the world, especially as we expand into new territories. We believe our goal to increase charitable giving by 50% by the end of 2022 will give back to the regions that have allowed us to experience the success we have today.

United States Since 2018, we have donated a total of $562,972, in addition to supplemental resources and materials not included in the dollar amount, to support children in need with food insecurity and education access. This year, we pledged a $100,000 donation to Brighter Bites, a Houston-based nonprofit that delivers fresh fruits and vegetables directly into families’ hands. The Mission Produce Foundation partners with charitable organizations including Tour de Fresh, Casa Pacifica, American Heart Association, Special Olympics, Make-A-Wish Foundation, Ronald McDonald Center, Ventura County Medical Center and the Ventura County Fair. We also maintain relationships with Cal Poly San Luis Obispo and the Ventura County Community College District, operating avocado groves and learning labs with the help of students. Historically, in California, each year we host a scramble-style golf tournament that brings in over $100,000 in donations to charities. Unfortunately, we were unable to continue the tradition in 2020 due to the pandemic.

Global We support family life in our communities across the globe through donations to fire departments, local schools and organizations, supporting the care and development of children. In select regions, we also support the Rainforest Alliance, a non-profit organization with a mission to protect nature and improve the lives of farmers and forest communities.

Our workforce at Mis stakeholder and

ssion is an important d key to our success. 2 0 2 0 E N V I R O N M E N TA L , S O C I A L & G O V E R N A N C E R E P O R T

Finest for Our Product Thanks to our deep relationships with growers all over the world, Mission Produce is the world’s largest source of trusted, highquality avocados all year long. We source and grow our avocados from the regions we believe will provide our customers, and their consumers, with the world’s finest avocados. All our avocados are harvested by hand, and our field to fork model is managed by the best in the business to provide healthy, safe and quality fruit.

Product Quality and Safety Food Safety Food safety is top priority in every aspect of growing, packing and shipping avocados to market. We have a centralized department comprised of scientists, engineers, project managers, sanitation professionals and food safety experts that manage the global uniformity for all food safety programs. We implement Good Agricultural Practices (GAP) and Good Harvesting Practices (GHP) where we grow and conduct quarterly food safety training for our grower network in California. We also have boots-on-the-ground grower support teams to certify our growers. In California, approximately 66% of our volume is certified by the Global Food Safety Initiative (GFSI), a globally accepted standard to ensure food facilities and growing areas are producing safe food for consumers. We aim to increase our GFSI certified volume to 68% this year. Additionally, we conduct trainings on the U.S. Food and Drug Administration’s (FDA) Food Safety Modernization Act (FSMA) to advise our growers on regulatory requirements. We are accredited by the following organizations which are benchmarked under the GFSI:

The BRC Global Standard for Food

The PrimusGFS Food Safety Audit, covering

The International Featured Standards

Safety, which drives best food safety

both GAP and Good Manufacturing Practices

(IFS) for auditing food manufacturers

management practices throughout

(GMP), and Food Safety Management

global supply chains

Systems (FSMS)

Additionally, two of our Mission staff serve on the Board of Directors for the Ventura County Food Safety Association, as President/CEO and Parliamentarian. We have served as a platinum sponsor since the inception of the association in 2016, donating facility space for board meetings and community training sessions. We have implemented a centralized, standardized food safety program that holds all facilities globally to the same level of food safety. With 90 years of collective experience, we partner with research and laboratory science experts, and academia to provide and analyze the following, annually: • 4,800 microbiological swabs • 100,500 hours of sanitizing facilities • 1,200 employee trainings, delivered to those in our facilities, as well as outside growers • 9,500 collected documents, including all logs that are required to be maintained for food safety audits and regulatory bodies

Our practices ensure the highest quality fruit for the consumer. Throughout our supply chain, we have a responsible procurement program in place to ensure marketplace compliance. This involves an emerging global supplier partnership program that works with over 50 copackers, 17 packaging suppliers and hundreds of growers to ensure regulatory and customer compliance throughout our network. It also provides consulting and guidance on food safety, security and social compliance programs, ensuring that our suppliers are up to date on food safety requirements.

Our sanitation practices involve daily contact surface cleaning, third party validation, sanitation staff and microbiology-based risk assessments to determine sanitation scheduling and hygienic zoning. We also incorporate complete traceability from sourcing to final product distribution on all raw materials. Across global locations, we collect more than 400 swabs monthly using a composite swab technique to test for pathogens, including Zone 1 coliforms, Listeria, E. coli, Salmonella and Zone 2-4 pathogens.

Bacterial Reduction Validation Study We are the first to partner with BioSafe Systems to launch a validation study, which we completed in August of 2020, on a proprietary blend of hydrogen peroxide and acetic acid used in our hydro-cooling and fruit wash systems in order to reduce the microbial load found on avocados. These chemicals act as a bacterial reduction, or, intervention step, before packing. At our packing house in California, the study resulted in a 69.2% reduction of general bacteria on fruit in the hydrocooler and a 47.4% reduction on fruit in the fruit wash. In addition, the study resulted in a 76.4% reduction of coliforms on fruit coming out of the fruit wash. These intervention steps, in conjunction with our sanitation and microbiology programs, validate the reduction of bacteria on our products.

Product Quality Quality matters and our advanced supply chain and methods are built around this philosophy. We have set the standard for quality processes and procedures to ensure we deliver the highest quality fruit to our customers at all times. It starts in fields with our expertly managed groves and grower support. Once the fruit enters our possession, we keep the avocados temperature-controlled until it reaches our customers to extend shelf-life and preserve the quality of the fruit.

In locations of elevated heat, we are the only handler to use hydro-cooling within 24-hours of picking to enhance fruit quality and shelf life. Across the globe, we perform thorough inbound and outbound inspections on all orders, assessing the fruit quality, specifications, defects, labeling requirements, pulp temperatures, packing dates, dry goods integrity, and verifications of the customer and quantity. We perform dry matter inspections by the country of origin, as well as weigh all fruit boxes. Additionally, we conduct weekly equipment calibrations and cooler temperature inspections to ensure we are operating at our best. These practices ensure the highest quality fruit for the consumer.

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Finest for Our Planet Our resources are precious. Therefore, we continually look for opportunities to reduce our global environmental impact. We recognize the agriculture industry must work hard to deploy sustainable practices, such as minimizing water use and lowering farm pollution levels. While we have addressed these topics since our beginning, we are taking this opportunity to share our goals to move toward a more sustainable future.

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We aim to more effectively monitor, understand and mitigate the effects of our operations on climate risk by: • Integrating and unifying our sustainability practices across our entire global network. • Improving the monitoring, tracking and reporting of the metrics within our priority topics for fiscal year 2021. • Collecting scope 3 data in the coming years to better understand our environmental impact.

Energy and Emissions In 2020, we decreased our total global scope 1 and 2 emissions by 15.8% compared to 2019 for a total of 23,339.05 metric tons CO2e, and reduced our total waste by 16.2%, amounting to a total of 3,361.75 metric tons. Our reduction of greenhouse gas emissions is due to improved control of our refrigeration systems, which reduced the need for recharges. We reduced waste by changing operational activities. As part of our goal to more effectively monitor, understand and mitigate the effects of our operations on climate risk, in the coming years, we plan to collect scope 3 data. We currently track scope 1 and scope 2 emissions.

Scope 1 Direct emissions from our owned sources, including on-site and fleet fuel consumption.

Scope 2 Indirect emissions from our owned sources, such as electricity and cooling.

Scope 3 Emissions from sources not controlled or owned by us, such as activities involving waste disposal, wastewater treatment, or employee travel.

WE PLAN TO DO OUR PART TO DECREASE OUR USE OF PLASTIC & REDUCE OUR WASTE THROUGHOUT THE SUPPLY CHAIN BY:

Global Scope 1 and 2 Emissions (tCO2e) Fiscal Year 2018

Fiscal Year 2019

Fiscal Year 2020

Scope 1 Scope 2 Scope 1 On Farm Total

Total Waste (metric tons) Fiscal Year 2018

Fiscal Year 2019

Fiscal Year 2020

Sent To Landfill Recycled Hazardous Total

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Streamlined Distribution In July 2020, we redesigned our pallet configuration to hold an additional 8 cases – up to 88 from 80 cases per pallet. We reduced the height of our box by ¼ of an inch and added a layer to fit additional fruit. As a result, the height of our finished goods pallet increased from 79’’ to 83.25’’, and our full truck loads increased from 1600 to 1672 cases. This resulted in a significant positive environmental impact, including:

THE PRESERVATION OF

ACRES

FROM DEFORESTATION

POUNDS OF WOOD SAVED FROM THE

REDUCTION OF PALLET USAGE

MEGATONS OF OVERALL REDUCED

CARBON DIOXIDE EMISSIONS

DURING FISCAL YEAR 2020

Additionally, our U.S. and Mexico box suppliers are certified by the Sustainable Forestry Initiative (SFI), which advances sustainability through forest-focused collaborations, and the Program for the Endorsement of Forest Certification (PEFC), which promotes sustainable forest management through independent third-party certification. They also have certifications from the Forest Stewardship Council (FSC), which provides forest management standards to ensure products come from responsibly managed forests that provide environmental, social and economic benefits. Our box supplier in Chile is also PEFC certified. As we continue to improve our reporting processes for all areas of our business, we are unable to report information on the percentage of, or revenue for, sourced agricultural products that are certified to a thirdparty environmental or social standard. We are also unable to report on our suppliers’ social and environmental responsibility audit rates of non-conformance or associated corrective action. We do not publicly report the cost of agricultural products sourced externally. Metrics we report on can be found in the SASB Index of this report.

Renewable Energy We constantly explore alternative sources of energy for our operations. As we continue to identify and research new options, we have made advancements in solar energy to reduce our energy consumption from the grid. We recognize solar power as a reliable and effective source of renewable energy that enables us to step farther away from using traditional electricity. In three of our leased operations in San Luis Obispo county, we had solar systems installed by property owners to offset the farm electricity usage. Additionally, in 2020 we initiated our Elkins ranch project, a new long-term lease of an 85-acre ranch in the fertile growing region of Fillmore, California, to develop an advanced avocado grove. With a custom grove layout design and a state-of-the-art automated irrigation and fertigation system, coupled with our farming team’s expertise, this ranch has the area for roughly 14,500 trees, which should be producing bountiful yields of California avocados in a few years. Further, this automated grove will incorporate solar panels to offset power usage. In Peru, we are constructing a solar power park with the capacity to generate 3.2 megawatts peak to reduce and avoid use of fossil fuels and greenhouse gas emissions. We plan to reduce the energy demand obtained from hydroelectric plants by approximately 40% and supply ourselves with renewable energy. We are employing advanced components, including photovoltaic panels and inverters, custom mounting systems, and monitoring capabilities to optimize return.

Solar panels at the packing facility in our Oxnard headquarters power almost three-quarters of the facility during peak season, and more of our operations are transitioning each year. 39

Water Management Across our operations, we employ an advanced water treatment and irrigation system to eliminate water waste from avocado production. We design and continuously update our processes to keep our water usage per avocado well below the industry average by meeting the environmental needs of each region. We report all waterspecific SASB metrics applying to Mission-owned farms in our SASB Index.

Globally We practice precision farming, using advanced technology to use less to grow more. Our automated drip irrigation system facilitates the watering of the crop based on the water amount needed for each plant. We use dendrometers to read the swelling and contracting of the tree every day, which helps us determine the stress levels of each tree to avoid wasting water, leading to healthier growth. Our experts monitor the weather, the soil and the plant, then use this data to generate true demand needs. Various data is plugged into irrigation scheduling calculators which allow us to determine exactly what the tree needs and when it needs it. Maintaining constant awareness of soil moisture, plant stress and climatic conditions across the grove ultimately leads to happier trees, higher yields and lower inputs. It also contributes to a reduction in the use of pesticide sprays and a reduction in root rot from overwatering.

Peru Since we initiated operations in Peru, we have implemented optimal and efficient irrigation technologies, such as automated fertigation, weather stations, and moisture technology, that allow us to program and view the frequency and volume of irrigation. Due to limited water resources and challenges in addressing the irregularity of the rains and increased temperatures in Peru, we generate environmental awareness for the management of natural resources. This involves solid and liquid waste management, care of biodiversity, and an investment plan to improve the management and infrastructure of water and renewable energy supply in our fields. In 2020, Peru declared an emergency due to a water deficit in 181 districts, affecting our operations in Virú, Chao and Olmos. In order to properly prepare for dry season, we are investing in the implementation of tubular wells for the extraction of water and use of cultivation in the fields. We are also implementing volumetric sensors to cover the crop’s water demand. These actions are accompanied by intense monitoring and evaluation, so we can export productive and healthy crops. The use of water from tubular wells also contributes to the leveling of the water table in low areas, contributing to a reduced use of well water and a reduction in the loss of soil quality due to salinization. Our water source is surface water provided by the Chavimochic Special Project, an irrigation system in Peru’s northeastern La Libertad region that captures and distributes water from the Santa River. Peru has been evaluated using the Sustainable Program for Irrigation and Groundwater (SPRING) standard and we are taking action to continue compliance in order to receive our certification.

LESS WATER TO PRODUCE A SINGLE AVOCADO

California In California, we are proud to report that we use 40% less irrigation water to produce a single avocado when compared against the average California grower.1 100% of our water usage is from drip irrigation systems and micro sprinklers. We work with irrigation solution distributors for sustainable agriculture to manage water levels and irrigation through remote management and irrigate in small amounts frequently throughout the week. Our pressure compensating sprinklers allow for a uniform distribution of water by keeping pressure constant throughout the entire ranch. Because of this, we report a high distribution uniformity range of 90-95%, which measures the output of our highest and lowest sprinklers within the grove. We actively monitor the climate and anticipated weather for our farms, leaning on local weather stations along with public stations installed throughout California via the California Irrigation Management Information Systems (CIMIS) weather station network.

Guatemala In Guatemala, as part of the first stages in preparing to farm the land, we are installing a drip irrigation system for our 500 hectares. We are also incorporating moisture sensors, automated fertigation systems, and weather stations to allow more efficient water usage. We have a plan in development to protect our nearby Aguacapa River basin and are proud to report that from May to September, 100% of our crops are irrigated by rainwater.

South Africa In 2020, we partnered with ZZ2 to establish operations in South Africa. Because farms in the region operate in a water-scarce environment, our partners take extra precautions, including removing thirsty invader plants, improving drip irrigation systems and implementing evaporation prevention processes. ZZ2 uses advanced water preservation practices to ensure every drop of water is used efficiently to provide food security, even in times of drought, for both local regions and our significant volume of exports.

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Waste Reduction We hold a vision to convert our operations, to the extent possible, into no-waste facilities and are working with suppliers who share this vision. To reduce our waste and plastic use throughout the supply chain, we plan to: • Implement a reduced plastic bag in at least 50% of the bags we pack and ship globally by fiscal year 2025. • Apply shelf-life extension technology to 22.5 million pounds of avocados to combat food waste by the end of 2021. Achieving this goal will result in a potential 550 truckloads of avocados diverted from landfills.

Food Waste Shelf-Life Extension Over the last five years, we have invested in technology to extend the shelf-life of both hard and ripe avocados. This will allow us to reduce the waste of avocados tremendously– according to the United States Environmental Protection Agency (EPA) Greenhouse Gas (GHG) calculator, every truckload of avocados, about 40,000 pounds, diverted from a landfill, is the equivalent of powering two homes for an entire year. One advancement has been our partnership with Hazel Technologies to conquer food waste by implementing our Avolast Powered by Hazel® program. Hazel Technologies’ biodegradable Hazel® sachet is a new USDA-funded technology that extends avocado shelf-life. The two companies have been in partnership since 2018. Our data exclusive to Hass avocados applied with Avolast shows that hard fruit will gain over a week of shelf-life, and ripe fruit will gain an additional 2-4 days. According to trials with our retail partners, shrink decreased in distribution centers with avocados applied with Avolast by over 50% compared to last year.

Responsible Packaging Plastic Reduction In January 2019, we set a goal to reduce the environmental impact of our plastic bag packaging by light-weighting the current film and netting of our bags. As we restock packaging inventory, we are converting all film and netting with product integrity in mind to the thinnest gauge possible, which will result in a reduction in plastic. As we prepare for this upcoming transition in Q2 2021, we are finalizing material reduction percentages and creating new sales material with artwork highlighting our plastic reduction.

Recycling Our recycling program requires many of our facilities where product is prepared for bagging in North America to recycle boxes and trays after repacking, specifically in California, Texas, Chicago and New Jersey. At our biggest packing facility in Oxnard, California, this program eliminated the need for eight, 40 yard loads per month, amounting to 532.46 metric tons of packaging diverted from landfills. We localized this effort to our Oxnard packing house due to site-specific operational activities in order to combat our largest waste contributor. Our Peru facilities recycle all plastic, wood and paperboard waste generated. Overall, we were able to recycle 586.03 metric tons, 17.43% of our total waste in 2020. Since 2018, we have reduced waste sent to landfills by 32% and increased recycled waste by 9%.

Farming Soil Health The health of our soil is a crucial aspect in the successful production of quality avocados all year long. Preservation of the land and natural resources is a top priority for us, so our agricultural experts and growers treat the soil with premium care. Our precision agriculture methods are advanced within our industry and our approach to farming is completely dependent upon regional conditions and climate.

Nutritional Monitoring and Optimization Our farming operations analyze the nutrients reserved in plant tissues, soils and water, while considering future crop load to formulate fertilizer programs. We identify deficiencies and balance programs to give the trees what they need, thereby reducing fertilizer waste and the potential for leaching. Across our global farms, we implement a nutritional monitoring strategy to assess the avocados during the phenological stages of the crop cycle, from flowering to harvest. This process is instrumental in achieving sustainable yields of good quality fruit without physiological disorders after harvest and allows us to optimize our resources, therefore reducing negative impact on the environment. If the concentration of one or more nutrients is found to be below normal during the evaluation, corrections are applied to ensure efficient use of the fertilizers and maintain the production potential of the tree. We define specific intervals of concentration to use when comparing all samplings to maintain adequate growth and development and produce good avocado yields. Across our global farms, we avoid erosion, improve soil texture and protect the conditions of the soil

by incorporating pruning remains, mulch and organic material. We use windbreaks, prepare the soil through scarification, perform salt washing, and practice proper fertigation management. The South Africa farms practice Natuurboerdery, otherwise known as “nature farming,” a system that aims to farm in harmony with nature and mimic the natural processes of the soil, which promotes naturefriendly sustainable farming. As part of this system, constant monitoring and composting practices are conducted, which improve soil structure and enable improved water retention. Additionally, our partners avoid destructive practices, when possible, and the engineers use farm contouring to prevent erosion.

Biodiversity We preserve wildlife and diversity to ensure natural sustainability for all life forms – life deriving from our farms, included. Across our global farms, we maintain and care for the biodiversity around us by monitoring plant and animal ecosystems in our fields, training our staff to respect biodiversity, practicing beekeeping to preserve flora and posting signage in areas we need to protect. We also study the soil dynamics in order to create conditions to spread beneficial fungi and reduce chemical control. This involves mulching, usage

Measuring nutrient availability in the soil for the plant and determining what fertilizers should be added to obtain optimal yields

Evaluating the avocados’ nutritional evolution and applying corrective measures to the fertilization template

Installing capsules at depths of 20, 40 and 60 cm, where the greatest root activity is found, to extract the fertigation solution and quantify the amount of applied nutrients that the plant is absorbing at different depths of the soil over time

In 2020, we planted almost 800,000 trees and have another 1.25 million trees in production. 46

of cover crops and drainage systems, which reduce water runoff, and incorporating organic materials to improve soil conditions. In South Africa, the farms operate in a nature farming system allowing our partners to actively boost biodiversity. ZZ2 records plant, insect and animal ecosystems to not disturb them and contribute to good farming practices. The farms are surrounded by nature reserves, and we use composting and microbes to maintain soil diversity.

Chemical Reduction & Integrated Pest Management We reduce our use of chemicals through our integrated pest management, which enforces effective prevention strategies through regular pest monitoring and evaluation. As previously mentioned, respecting the earth’s natural resources and ecosystem is our top priority. Using any authorized chemicals is a last resort, so we can avoid damage to production. In California, we use biocontrol methods to prevent birds in the field, promote owl presence to reduce rodents, and feed fertilizers to microorganisms in the soil that defend against root diseases. Across our global farms, we also perform regular weed whipping that reduces erosion, and we suppress weed growth through chipping, mulching and reincorporating organic matter. Our underground drainage system decreases puddles of standing water that attract pests. We also perform yearly tissue, water and soil analyses.

Climate Change & Carbon Reduction We take climate change seriously – we adapt to its increasing effects on our planet by instituting technology and machine learning to provide scientific data, which we can interpret to understand exactly what our trees need to grow, without wasting resources.

Due to our present efforts to feed microbial life and reincorporate organic material to build the soils,

...we are able to grow. more food on less land. Contrary to many beliefs when it comes to conventional farming, avocado trees provide a dual benefit in combatting climate change. Our orchards convert carbon dioxide into oxygen through photosynthesis, in addition to creating fertile soil. We enrich our soils with carbon and organic matter, which convert carbon dioxide into biomass, living plant organic matter and food that feeds microbes and positive bacteria and soil fungi. In 2020, we planted almost 800,000 trees and have another 1.25 million trees in production. While studies on carbon sequestration through fruit trees are limited, tropical and subtropical fruit trees, including those of avocado, are reported to experience an increased rate of photosynthesis in elevated concentrations of carbon dioxide, consequently increasing tree biomass. Moreover, the destruction of rainforests that contribute significantly to rising atmospheric carbon dioxide and climate change, originally hold a significant amount of the carbon stored in terrestrial ecosystems. The soil within our avocado groves hold that same carbon dioxide, and is using it to feed microbes, bacteria and fungi within the soil, that in turn grow our avocado trees. In Mexico, we participate in opportunities to address deforestation – we are aware that avocado crops have been proven to contribute to deforestation and create microclimates throughout the state of Michoacán, where rainfall has decreased year over year. For that reason, we are supporting our growers in maximizing the ground space of their farms by planting trees closer together, committing to renovations of old farms, and working with the Avocado Producers and Exporting Packers Association of Mexico (APEAM) and other governmental agencies to enforce better legislation on deforestation.

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Corporate Governance As a company, we have high standards for employees, officers and directors. Implicit in this philosophy is the importance of sound corporate governance. Our Board of Directors hold a responsibility to serve as a prudent trustee for shareholders and to oversee the management of our business. We have eight members serving on the Board of Directors, who are responsible to our external stakeholders, including our shareholders. The Mission Produce Chief Executive Officer reports to the Board. The Chief Financial Officer and Chief Operating Officer, among others, report to the Chief Executive Officer. Our Board of Directors recognizes that one of its key responsibilities is to evaluate and determine its optimal leadership structure to provide effective oversight of management. The positions of chairman of the Board of Directors and Chief Executive Officer are historically and currently separated. Our Board of Directors believes that our existing leadership structure is effective, provides the appropriate balance of authority between

independent and non-independent directors, and achieves the optimal governance model for us and for our shareholders. We intend to comply with all applicable laws, rules and regulations and take measures to ensure that all applicable laws, rules and regulations are adhered to. Our senior executive officers are responsible for promoting compliance and accountability throughout the organization. This includes the prohibition of insider trading, promoting and conducting ethical behavior, keeping proprietary information confidential, and treating any stakeholders of the organization with fairness and respect. Our business is rooted in honesty, respect and loyalty. Therefore, all members of the Mission family are held to high behavioral and ethical expectations and are responsible for following the Mission Produce Code of Ethics and Conduct.

In addition, the Board of Directors’ three standing committees assist the Board in their oversight responsibilities in certain key areas:

The Audit Committee oversees the accounting and financial reporting processes within the company

The Compensation Committee oversees the discharge of responsibilities of the Board relating to the executive and director compensation

The Nominating and Corporate Governance Committee identifies individuals qualified to become Board members

Data and Security Privacy protection is a strategic priority for our team. We have established strong governance measures to protect customer information, privacy and security, as well as ensure compliance with privacy legislation. A combination of the right technology, consistent monitoring, reporting and response, audit compliance and user training allows us to protect our systems and data with confidentiality, integrity and availability. Our Information Technology team classifies all threats as internal or external, constantly identifying and monitoring potential threats with advanced security devices and software placed at our network’s entry and exit edges. We also use advanced threat analytic software installed on our servers and user workstations. We address security risks through perpetual auditing measures, identifying and analyzing security gaps, then memorializing them in a risk register. We calculate risk using a combination of industry standards and proprietary methodologies,

adapting our remediation efforts depending on the risk level. Additionally, our entire workforce is educated through continual user awareness training. We currently comply with the California Consumer Privacy Act (CCPA) and the General Data Protection Regulation (GDPR). As a recently public company, we are subject to certain laws and regulations applicable to public companies, including those of the Securities and Exchange Commission (SEC) and NASDAQ. Attributable to management’s leadership and vision, we have reported zero data breaches across our systems to-date. Our approach to cybersecurity is borderless and autonomous, allowing us to develop and deploy adaptive, cutting-edge, business-enabling security technologies across our assets worldwide. Our progressive approach to cybersecurity enhances our ability to reach milestones increasingly easier, quicker and safer.

Attributable to management’s leadership and vision, we have reported zero data breaches across our systems to-date. 2 0 2 0 E N V I R O N M E N TA L , S O C I A L & G O V E R N A N C E R E P O R T

SASB Index We are reporting in accordance with the Sustainability Accounting Standards Board (SASB) index to connect with our investors on the financial impacts of sustainability by identifying, managing and reporting on priority topics. Our primary industry is Agricultural Products, however, based on our materiality assessment process, we choose to also report on disclosure topics and metrics from the Food Retailers & Distributors industry. As we aim to more effectively monitor, understand and mitigate the effects of our operations on climate risk, we have goals to: • Integrate and unify our sustainability practices across our entire global network. • Improve the monitoring, tracking and reporting of the metrics within our priority topics for fiscal year 2021. • Collect scope 3 data in the coming years to better understand our environmental impact. We currently track scope 1 and scope 2 emissions. Scope 1 includes direct emissions from our owned sources, including on-site and fleet fuel consumption. Scope 2 includes indirect emissions from our owned sources, such as electricity and cooling. We aim to collect scope 3 emissions data, which stems from sources not controlled or owned by us, such as activities involving waste disposal, wastewater treatment, or employee travel.

Our food retailers and distributors have expressed interest in understanding Mission’s position across the following categories: • Fleet fuel management • Air emissions from refrigeration • Energy waste management • Food waste management • Data security • Food safety • Product health and nutrition • Product labelling and marketing • Labor practices • Management of environmental and social impacts in the supply chain

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ACCOUNTING METRIC

Mission Produce: Environmental, Social & Governance Report 2020

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Corporate Governance

Our Commitment To Sustainability

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