Mission Produce: FY 2022 Sustainability Report

About This Report

Mission Produce, Inc. is proud to present its Fiscal Year (FY) 2022 Sustainability Report which highlights our global commitment to a more sustainable world. Throughout the report, “Mission,” “Mission Produce,” “we,” and “our” refer to Mission Produce, Inc., and its subsidiaries.

As a global leader in the worldwide avocado business with additional offerings in mangos and blueberries, the impact of our global footprint is far-reaching. As such, we make it a priority to conduct our business responsibly. We strive to be transparent with our stakeholders on our approach to sustainability and utilize this annual report to tell Mission’s company-wide sustainability story. We explain our operating procedures, detail the activities of our projects and initiatives, and report on our use of resources.

In our inaugural report, which was published in April of 2021, we reported publicly on sustainability for the first time, providing benchmark data for us to reference in the coming years. We also determined our priority sustainability topics, which focus our sustainability efforts in the areas most relevant to our industry and most important to our stakeholders. Our FY 2022 sustainability report provides updates across these topics and compares our FY 2022 metrics to those from previous years.

Sustainability Commitment

As a global company dedicated to growing, packing, and distributing the world’s finest avocados and mangos, we strive to cultivate a better future for generations to come. For 40 years, we have invested in sustainable practices to protect our land, preserve our resources, and support the health and safety of our people. Our sustainability strategy centers around three pillars - people, product, and planet, which guide the development and execution of the sustainability initiatives across our global network. We believe that by addressing the sustainability challenges of our industry, we can create a positive impact not only for our company but also for the communities and environments in which we operate.

For further information or to give feedback on this report, please contact marketing@missionproduce.com.

Cautionary Note

This report contains information about our sustainability impact, goals, initiatives, activities, and commitments. Unless otherwise noted, the scope of this report includes activities from November 1, 2021 – October 31, 2022, our 2022 fiscal year, and does not include information from our third-party partners. References to prior years refer to our corresponding fiscal years ending October 31.

We have aligned our priority topics with the Global Reporting Initiative (GRI) and the Sustainability Accounting Standards Board (SASB). Our data has been calculated, analyzed, and presented in accordance with SASB and the Greenhouse Gas (GHG) Protocol, the gold standard of emissions calculations. Our primary industry for reporting is Agricultural Products and we also report on select metrics from the Food Retailers & Distributors industry.

Actual results may differ from our stated goals or the results we expect. Evolving circumstances and expectations for sustainability, in general, or under specific focal areas, including changes in standards and the way progress or achievement is measured, may lead to the adjustment, or discontinuation, of any of the goals, initiatives, or commitments stated in this report.

This report does not include details on the company’s financial performance. The terms “material” and “materiality” refer to sustainability matters and are distinct from, and should not be confused with, the terms “material” and “materiality” as defined by, or construed in accordance with, securities or other laws and regulations. This report includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our sustainability goals, initiatives, commitments, and activities, and our long-term strategy and future operations. These forwardlooking statements rely on a number of assumptions and estimates that could be inaccurate and which are subject to risks and uncertainties. The factors that could cause our actual results to vary materially from those anticipated or expressed in any forward-looking statement include impacts of factors described in our most recent annual report on Form 10-K and subsequent Securities and Exchange Commission filings. We disclaim any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this report.

Table of Contents

People

The People pillar of our sustainability strategy focuses on our people and the communities within which we operate. We seek to provide the finest workplace for our people by being transparent in our business practices, demonstrating our credibility, and adhering to our standards of integrity.

Workforce Demographics

We report on the demographic data of our global workforce, year-over-year, as part of our commitment to transparency with our stakeholders.

Diversity, Equity, & Inclusion (DE&I)

We are dedicated to creating an environment in which our employees and partners are celebrated, valued, and respected. Through our DE&I initiatives, we emphasize internal training and development, prioritize the recruitment of a diverse workforce, and cultivate relationships with industry advocacy organizations.

In 2022, we collaborated with the International Fresh Produce Association to roll out a first-of-its-kind DE&I certification course for our employees in the U.S. and Canada. The certification program was designed to enhance the professional development of our workforce with education on how to create an inclusive culture and remove unconscious bias. Likewise, we provided diversity-focused training and additional resources for our internal recruiting team to enhance our recruiting practices.

SMETA Social Compliance Audits

We are assessed against the SEDEX Members Ethical Trade Audit (SMETA), a global standard for social compliance, that measures a company’s practices relating to fair labor, benefits and allowances, health and safety, human rights, training, discrimination, and more.

Peru Education Program

Encouraging employees to pursue secondary education is an effective way to foster employee development and promote a well-rounded, talented workforce. We partner with a nationally recognized alternative basic education center (CEBA) in Peru to provide personnel from our packhouse the opportunity to further their education and earn academic degrees. The program provides free virtual and in-person courses, on-site teacher visits, and additional out-of-class support.

In 2022, we completed this audit and certified 100% of our packhouses located in California, Mexico, and Peru, and 100% of our owned farms located in Peru.

In 2022, 28 employees graduated from the program.

Community Investment

From our humble California beginnings to our global presence today, we are committed to the people and communities that surround Mission Produce. We have a unique opportunity to give back to communities around the world, and we believe these investments can create a lasting positive impact. Through our giving, we contribute to causes supporting children, families, and agricultural education.

From 2020 to 2022, we increased our global charitable giving by almost

450 %

exceeding our original goal by almost

400 %

Mexico

In Mexico, we support several organizations year-round to demonstrate our commitment to social responsibility and contribute to the betterment of the Michoacán region, Mexico’s main hub for producing and exporting avocados. We support local food pantries, homeless shelters, the local fire department, and Mexico’s postal service. We also provide subsidized childcare and schooling for the children of our packhouse personnel. In December of 2022, we executed a large holiday-giving campaign in which we bagged and distributed packages of food items to “Asilo de Ancianos,” a local retirement community, “Casa Hogar,” a school for underprivileged children, and the vendors of Michoacán’s annual “Tianguis Artesanal” holiday street market. Through our giving, we aim to benefit those in need and support children pursuing a foundational level of education.

U.S.

In 2022, Mission Produce hosted its 10th annual philanthropic golf tournament in support of the Mission Produce Foundation, which gives 100% of event proceeds back to charitable organizations. This year, our generous sponsors donated funds to support organizations including the American Heart Association and Casa Pacifica Centers for Children and Families, among others.

Peru

In 2022, we invested in significant infrastructure developments in La Libertad, Peru, which is home to many of our field and packhouse employees. With a goal to increase our people’s quality of life and improve citizen security, we financially contributed to the construction of a bypass for clean drinking water to the Chao district and remodeled several public buildings throughout Trujillo, Chao, Nuevo Chao, Olmos, and Virú. These infrastructure updates improve access to sanitation facilities, electricity, water, and other necessities for the Chao population.

We also partnered with Peru’s Association for Sustainable Agriculture Development and the Virú Health Network to support the Zero Anemia Program, an initiative to screen and treat children younger than 5 years old with anemia. The program engaged with ~1,000 children across the Virú province.

In December of 2022, we bagged and distributed packages of food items throughout Michoacán to support those in need during the holiday season.

Product

Within our Product pillar, we focus on food waste, food safety and quality, and packaging. Our R&D teams explore opportunities to implement technologies and programs that are environmentally, socially, and economically impactful throughout the supply chain.

Food Waste

At Mission, we actively pursue strategies to reduce the waste of our products. We strive to extend fruit shelf life with expert handling practices, cold storage management, and shelf-life extension technology. These efforts help us enhance quality and decrease internal defects, which can promote a longer-lasting consumption period and reduced spoilage.

In 2022, we applied shelf-life extension technology to 23.5 million pounds of avocados.

Food Safety

Food safety and quality is a 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 who manage global uniformity for all food safety programs.

Our supply chain verification program thoroughly screens and vets suppliers according to Company and customer food safety standards. The program involves certification maintenance, traceability reporting, periodic assessments, and more. In 2022, we expanded our supply chain verification program by 13% with the addition of new vendors and copackers to our supply chain, enabling increased oversight of our fruit from field-to-fork.

Packaging

As plastic pollution becomes a growing concern for our planet, the implementation of sustainable packaging is increasingly important. We recognize our responsibility to understand and reduce the environmental impact of our products, as well as seek eco-friendly alternatives. Doing so not only protects our planet’s resources, but showcases our commitment to corporate social responsibility and can lead to improved customer loyalty and reputation.

In 2022, we formed a cross-functional team dedicated to exploring sustainable packaging. Consisting of multiple disciplines including research and development, engineering, quality assurance, purchasing, sales, and sustainability, the team’s objective is to reduce our use of plastic without sacrificing product integrity.

One of our current packaging initiatives is to reduce the plastic in 50% of the bags we pack and ship globally by FY 2025. We are quickly approaching this goal—in 2022, we used reduced plastic in 46% of our bags. Since 2021, we have saved more than 5.4 million grams of plastic, the equivalent of more than 420,000 plastic bottles.¹

In 2022, 46% of the bags we packed and shipped globally were made with reduced plastic.

Since 2021, we have saved more than 5.4 million g of plastic =

Planet

Within our Planet pillar, we seek to understand and minimize the impact of our global footprint by focusing on water management, energy and emissions, and environmental stewardship.

Water Management

Water management is a significant component of our approach to sustainable crop production. By using water resources effectively and efficiently, we can prevent water waste and help conserve water for future generations. We track and report total water usage year-over-year in the SASB index of this report.

As part of our precision farming practices, we use advanced irrigation systems to keep our water usage per avocado well below the industry average. For example, at our newest managed ranch in Fillmore, California, we installed an automated system that measures tree stress at a micron level, enabling our growers to fine-tune irrigation to use as little water as necessary. This advanced technology allows for valve and pressure control, integrates with soil moisture sensors, and helps growers increase fertilization application efficiency. Due to these types of precision farming practices, in California, we use 40% less water per avocado produced compared to the industry average.¹

In addition, avocados and mangos rank comparatively low when compared to the water footprint of other popular crop and animal commodities.2

Laredo Water Project

In our Laredo facility, we installed a specialized water softening system in August of 2022, which reduced the need to flush water with high mineral content before use in our operations.

Energy and Emissions

Tracking our energy usage and emissions is an important part of understanding our global carbon footprint. We use this information to quantify our climate impact and identify opportunities to become more resource-efficient across our network.

Solar Power in California

In our California packhouse, our solar panels generated 1,676,734 kilowatt hours for the use of clean energy in our operations in 2022, the equivalent of the electricity used to power 231 homes for one year.¹ We also committed to supporting the installation of a 90-kilowatt, 6,000-square-foot solar park on our newest managed ranch in California.

1 Calculated using the U.S. Environmental Protection Agency’s (EPA) Greenhouse Gas Equivalencies Calculator.

Carbon Sequestration

In the first three months, this new system enabled us to save 1.2 million gallons of water.

Avocado trees naturally capture global carbon emissions, providing a dual benefit in combatting climate change– they convert carbon dioxide (CO2) into oxygen through photosynthesis, as well as create fertile soil through carbon sequestration (the process of capturing and storing CO2, the most-produced greenhouse gas). In 2022, our trees in Peru are estimated to have stored between 12,757-90,961 metric tons of CO2,¹ the equivalent of at least 21% of the total emissions reported by our business in 2022.

2022 Scope 1 & 2 Emissions Metrics

We track our emissions in accordance with the Greenhouse Gas (GHG) Protocol, which supplies the world’s most widely used greenhouse gas accounting standards, as well as report on our energy use year-over-year.

1 Calculated using carbon sequestration data from a study done by Instituto de Investigaciones Agropecuarieas Santiago, “Huella de carbono en productos de exportación agropecuarios de Chile.”

Avocados Bananas Apples Milk Grains Mangos Rice Olives Chicken Pork Beef Chocolate

Environment

As an agriculture company, we are committed to environmental stewardship not only for the long-term success of our business, but for the health of our planet as a whole. Our industry faces numerous environmental challenges, such as climate change, water scarcity, soil erosion, and biodiversity loss. So, we take meaningful action to minimize our operational impact on the environment and respond to opportunities to take care of the communities in which we operate. In doing so, we tailor our precision agriculture methods to suit the unique environmental needs of each growing region, promoting healthier tree growth while preserving natural resources.

Planting Trees

In 2022, we planted nearly 200,000 new trees in harmony with the existing ecosystems of our managed farms in Peru, Guatemala, and Colombia. Across all Mission-managed farms, we have planted approximately 2 million trees globally.

Additionally, our teams worked with the Forestry Commission of the State of Michoacán and the Department of Wildlife in Mexico on a reforestation project following a devastating arson fire. Approximately 80 of our Mission de Mexico employees participated in the replanting of 400 pines on public land, demonstrating our commitment to forest and wildlife preservation and our care for natural resources.

We also prioritize transparency and accountability through the audit certification of our operations. In 2022, our Peru packhouse received the International Standard for Organization (ISO) 14001 Certification for Environmental Management Systems. This certification is a highly respected and internationally recognized environmental standard that supports the maintenance of reliable environmental policies and implementation procedures. Through this certification, we can demonstrate our commitment to the mitigation of potential adverse effects on the environment, fulfill compliance obligations, and achieve environmental objectives.

In 2022, we planted nearly 200,000 new trees in harmony with the existing ecosystems of our managed farms in Peru, Guatemala, and Colombia.

Oversight & Governance

Our Board of Directors and each of our committees play a role in overseeing our overall sustainability strategy, reporting, and risk management. Our Nominating and Corporate Governance Committee is responsible for overseeing our environmental, social, and governance initiatives and external reporting. In addition, our Nominating and Corporate Governance Committee oversees our corporate governance framework and ensures that our governance framework continues to be robust on an evolving basis. Our Audit Committee oversees our enterprise risk management framework which addresses certain sustainability-related risks. Lastly, our Compensation Committee oversees our diversity, equity, and inclusion efforts and pay equity.

We have a cross-functional, executive-level sustainability council that sets our overall sustainability strategy, provides guidance on program implementation, and oversees the continuing enhancement of our approach to sustainability. Our efforts are managed on a day-to-day basis by our Sustainability Manager who works with our subject area experts across our global footprint to ensure we are regularly evaluating current and emerging opportunities and risks from a sustainability standpoint.

Materiality Assessment

In 2020, we performed a systematic materiality assessment with guidance from an external third party to identify the most important areas of sustainability from a business and stakeholder perspective. We engaged with more than 40 stakeholders, including customers, suppliers, business partners, and Company leadership to learn the topics that were most important and/or relevant to each stakeholder group. As part of this materiality assessment, we focused primarily on the following:

• Understanding the market context on sustainability for our industry and business.

• Collecting and analyzing data required to measure the impact related to Mission’s energy, emissions, waste, and water use.

• Developing a vision to help identify and define key areas of focus.

• Determining a roadmap and framework for future action steps to build upon existing progress and future ambitions.

• Identifying and creating the basis for annual sustainability reporting to ensure transparency and communication on our sustainability efforts with our stakeholders.

Sustainability Framework

Our Sustainability Pillars – People, Product, and Planet

Our sustainability framework currently centers around three key pillars – people, product, and planet. Each pillar is supported by several key focus areas that are most relevant to our business and that are evaluated consistently to ensure relevance, prioritization, and risk mitigation. Our focus areas are geared towards identifying where the business has the most impact as well as the topics where we feel we can make a significant positive impact.

The People Pillar

The People pillar of our sustainability strategy focuses on our people and the communities within which we operate. We seek to provide the finest workplace for our people by being transparent in our business practices, demonstrating our credibility, and adhering to our standards of integrity. We are also actively involved in supporting our surrounding communities, and we contribute to causes involving children, families, and agriculture education.

The Product Pillar

Within our Product pillar, we focus on food waste, food safety and quality, and packaging. Our R&D teams consistently explore opportunities to implement technologies that are environmentally, socially, and economically impactful, including solutions to reduce food waste and extend the shelf-life of our products. Food safety and quality is a 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 who manage global uniformity for all food safety programs. Additionally, our teams consistently explore packaging alternatives to reduce our use of plastic without sacrificing product integrity.

The Planet Pillar

We believe and understand the meaningful impact our business has on the planet. Within our Planet pillar, we focus on water management, energy and emissions, and the environmental impact of our global footprint. We use advanced irrigation systems to keep our water usage per avocado well below the industry average. We track our emissions in accordance with the Greenhouse Gas (GHG) Protocol, which supplies the world’s most widely used greenhouse gas accounting standards, as well as report on our energy use year-over-year. In addition, our precision agriculture methods are adapted to satisfy the environmental needs of each region, so we can grow healthier trees with lower inputs while preserving the natural resources of our growing regions.

People Fair Labor

Keeping our people safe and adhering to ethical labor practices allows us to operate as a responsible company. We implement processes to ensure good working conditions, appropriate compensation, and occupational health and safety. Due to restrictions in reporting on behalf of third parties we work with, we cannot make claims for operations outside our company.

We are certified by the Sedex Members Ethical Trade Audit (SMETA) in our U.S., Peru and Mexico packhouses, which ensures enforcement of proper working conditions and fair labor laws that apply to Mission personnel. This involves adhering to child labor laws, paying employees legal wages and maintaining a safe work environment.

We provide all employees with the full terms of their employment orally or in writing, including information on disciplinary practices. 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. Across all facilities, employees have access to clean, functioning restrooms with running water and trash cans.

We do 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.

Human Rights

Mission’s Human Rights Policy, which was developed and approved by our Sustainability Executive Council, has been communicated to copackers and growers throughout our network:

“Mission commits to understanding our impact on human rights and adhering to internationally recognized human rights principles as they pertain to our business. We inform third parties we work with in our supply chain of our human rights standards and encourage them to adhere to ethical business conduct consistent with our own. We strive to undertake efforts internally and externally to build awareness about our human rights policy. Mission’s employees are our greatest asset, and we commit to treating every individual with dignity and respect by supporting the following human rights standards:

• Right to a safe working environment.

• Right to a living wage by operating in compliance with applicable wage, work hours, overtime, and benefits laws and regulations.

• Freedom from forced labor by ensuring persons are free from work or service that is compelled under the threat of penalty and which the person has not offered to perform voluntarily.

• Freedom from child labor that is in violation of state or federal statutes prohibiting the employment of children under a specified age.

• Freedom from discrimination at work based on race, color, sex, language, religion, political or other opinion, national or social origin, property, birth, or other status.

We encourage individuals to report any violations of our human rights commitments via our Company-wide hotline. Mission is committed to ensuring appropriate disciplinary measures or remediation actions are taken to address violations.”

Health & Safety

Maintaining a safe and healthy workforce on our farms and in our facilities is key to our success. We have dedicated teams reporting directly to the executive suite who strive to improve working conditions for our people. In the U.S. and Canada, our health and safety program enlists representatives from each division of the company to ensure compliance with health and safety standards throughout our operations.

Starting at onboarding, employees participate in general health and safety education and receive hands-on training according to their role in the company. We provide the following to contribute to the health and well-being of our people:

• An Occupational Health & Safety 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

• 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

Employee Education & Development

We provide our people with the resources and education they need to lead successful careers. This involves an emphasis on internal development and promotion where possible, along with performance-based bonuses and salary increases. As part of our leadership training and development, we provide coaching and resources for employees throughout our network. We offer group and one-on-one coaching sessions, as well as development seminars. New hires also partake in a thorough onboarding process to promote connection with their teams.

Farmer Engagement & Support

We provide extensive grower support, working directly with growers in California, Mexico, Peru, Colombia, Chile, Guatemala, and South Africa.

We offer full in-country support by leaning on expert counsel for farming practices, including plant nutrition, irrigation management, pest management, harvest coordination, marketing conditions and trucking logistics. 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.

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. Quality begins in the field with our expertly managed groves. Once harvested, our avocados enter the Mission cold chain, in which they are kept under controlled temperature specifications until they are delivered to our customers. In locations of elevated heat, we use hydro-cooling within twenty-four hours of picking to enhance fruit quality and shelf life.

Across the globe, we perform thorough inbound and outbound inspections on orders, assessing the fruit quality, defects, and pulp temperatures. We verify the packing dates, labeling requirements, and quantity needed per customer. We also perform dry matter inspections by the country of origin. Our product quality practices allow us to provide quality product to our customers.

Food Safety

Food safety is a top priority in growing, packing and shipping our products to market. We have a centralized department comprised of scientists, engineers, project managers, sanitation professionals and food safety experts that manage the global uniformity of our food safety programs. We are accredited by the BRC Global Standard for Food Safety, the PrimusGFS Food Safety Audit, and the International Featured Standards (IFS) for auditing food manufacturers, at applicable locations throughout our global network.

Throughout our supply chain, we have a responsible procurement program in place to ensure marketplace compliance, identify areas of improvement, streamline supply chain efficiencies, and maintain our supply chain standards. This involves an emerging global supplier partnership program that works with copackers, packaging suppliers, and 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 microbiologybased risk assessments to determine sanitation scheduling and hygienic zoning. Across global locations, we collect more than 400 swabs monthly using a composite swab technique to test for zone 1 coliforms and zone 2-4 pathogens.

Food Waste

To combat food waste, we invest in technology to extend the shelf-life of both hard and ripe avocados. Preventing avocados from going to waste can have an impact on the environment. Every truckload of avocados diverted from a landfill amounts to about 40,000 pounds of avoided fruit waste.

Planet Environmental Policy

Mission’s Environmental Policy, which was developed and approved by our Sustainability Executive Council, has been communicated to copackers and growers throughout our network:

“Mission Produce, Inc. is committed to managing and reporting environmental impact as a part of our operations. Where possible and practicable, we strive to preserve the environmental integrity of our processes and facilities. We do so by committing to the following principles:

• We comply with local environmental laws and regulations applicable to our business.

• We employ management systems and procedures designed to track and understand the use of hazardous materials, energy, and other natural resources. This is done through global utility and resources tracking, emissions calculations, and publicly available reporting for accountability.

• We seek opportunities to improve our environmental performance by establishing objectives, measuring progress, and reporting our results.”

Climate Risk Identification

Pursuant to The Sustainability Consortium (TSC) framework, a global non-profit organization for the promotion of more sustainable products in the consumer goods industry, we believe the following risk areas are relevant to avocado production. The identification of these risks guides our continued understanding and actions to minimize our environmental impact.

• Biodiversity: Global pollinator populations, which are essential to produce healthy avocado trees, are facing health and population challenges. Their largest threats include parasites, pathogens, predators, habitat loss, and exposure to pesticides.

• Climate & Energy: Greenhouse gas emissions occur from crop production and the use of fertilizers.

• Fertilizer & Nutrients: Greenhouse gases and water pollution can occur if fertilizers are not properly managed.

• Land & Soil: Improper soil management can remove nutrients, release greenhouse gases, and cause soil loss

• Food Waste: Avocados that are not stored and handled properly can spoil or be damaged, resulting in food waste.

• Water: Water used in farming can deplete freshwater resources, which can be problematic for waterstressed regions.

• Workers & Communities: In some areas, there is a risk of forced or child labor, such as trafficking and the withholding of wages or documents. Smallholder farmers may have limited access to information, technology, and resources. Farmworkers, especially women and migrants, may face unfair pay, discrimination, and limited freedoms. Farmworkers may be exposed to chemicals, dust, or other hazards.

Precision Farming

We employ an advanced water treatment and irrigation system to prevent water waste from avocado production. We report on water-specific SASB metrics applicable to Mission-owned farms in our SASB Index. We continuously update our processes to keep our water usage per avocado below the industry average by meeting the environmental needs of each region.

Globally, our growing practices allow us to grow healthier trees with higher yields and lower inputs. We incorporate the following practices on our owned farms:

• Automated drip irrigation systems water the crop according to the specific amount needed for each plant.

• Dendrometers read the swelling and contracting of the tree every day to determine tree stress levels and avoid wasting water.

• Our experts monitor the weather, soil, and plant data to generate true demand needs.

• Our methods reduce the need for pesticide sprays and prevent root rot caused by overwatering.

In Peru, we have placed increased emphasis on sustainable irrigation due to the region’s limited water resources, irregular rain patterns, and increasing temperatures.

• We 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.

• We source our water from the Chavimochic Special Project, an irrigation system in Peru’s northeastern La Libertad region that captures and distributes water from the Santa River.

• Our Arato, Beggie, and Inversiones agrícolas Olmos farms are certified by the Sustainable Program for Irrigation and Groundwater (SPRING) standard, as of 2021.

In California, as part of our ranch management process, 100% of our water is used in micro-sprinkler and drip irrigation systems, which are the most efficient water and nutrient delivery systems for growing crops. Drip irrigation systems deliver water and nutrients directly to the plant’s root zone, in the correct amounts, at the best time for each plant to receive exactly what it needs to grow. Micro-sprinkler systems can increase yields and decrease the use of water and fertilizers.

• We work with irrigation solution distributors to manage water levels and to irrigate in small amounts frequently throughout the week.

• Our pressure compensating sprinklers allow for uniform water distribution by keeping the pressure constant throughout the entire ranch. We report a high distribution uniformity range of 90-95%, which measures the output of our highest and lowest sprinklers on the grove.

• We actively monitor the climate and anticipated weather for the farms we manage, looking to local weather stations and public stations installed throughout California through the California Irrigation Management Information Systems (CIMIS) weather station network.

In Guatemala, 100% of our crops are irrigated by rainwater from May through September. For the remaining months of the year, we intend to utilize a drip irrigation system. We are also incorporating weather stations, moisture monitoring, and automated fertigation systems on our farms to allow for more efficient water usage. To mitigate our impact on the local environment, we are developing an action plan to protect the nearby Aguacapa River basin by sourcing water from other reserves, as required by Guatemala’s Ministry of the Environment.

Farms in South Africa operate in a water-scarce environment; therefore, our partners take extra precautions to avoid water waste. Our partners’ advanced water preservation practices are designed to ensure every drop of water is used efficiently. Thirsty invader plants are removed, drip irrigation systems are employed, and evaporation prevention processes are implemented.

Compared to the industry average, we use 40.5% less water in Peru1 and 40% less water in California2 per avocado produced.

1. According to the Junta de Usuarios de Riego Presurizado del Distrito de Riego Moche Virú Chao, the average grower in La Libertad produces 15 tons of avocados per hectare and uses 18,000 m3 of water per hectare. Mission Produce farms in Peru produce 17.67 tons of avocados per hectare and use 14,418 m3 of water per hectare.

2. According to the California Avocado Commission Industry Statistical Data, from 2015-2019, the average pounds of avocado per bearing acre was 5,832.50 pounds. Mission Produce farms in California produce an average of 15,000-20,000 pounds of avocados per bearing acre.

Biodiversity

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 soil dynamics in order to create conditions to spread beneficial fungi and reduce chemical control. This involves mulching, usage of cover crops and drainage systems, and incorporating organic materials to improve soil conditions.

In 2014, we established the Mission Beekeeping Project on our farms in Peru, where we raise and reproduce healthy bees to contribute to the production of our crops. This not only helps prevent any related issues within our fields but also promotes biodiversity and protects the environment. In 2014, we began with 300 hives, and we currently have over 6,500 hives on our farms. Beekeeping staff are trained in queens rearing, apiculture base, and pollination.

Data on Emissions, Waste, & Water

Defining Terms:

• Facilities: Metrics involving all packing and distribution facilities and activities

• On-Farm: Metrics referring to all growing operations, such as irrigation water usage, pump electricity, and fertilizer use

• Waste: Units sent to landfills

• Recycling: Refers to units of cardboard, metal, wood, and plastic units sent to recycling centers

Code of Ethics and Conduct

Our corporate compliance and ethics program reflects our conviction that conducting business in compliance with the law and the highest standards of ethics is essential to our company’s success. These principles are embedded in our Code of Ethics and Conduct which applies to all our executive officers, directors, and employees. Our Code of Ethics and Conduct establishes our expectations about the way we conduct business and reinforces our compliance commitment and the responsibility of each employee to ensure our activities fully adhere to legal and policy requirements.

Board of Directors

Our Board of Directors is made up of a diverse group of highly qualified leaders in their respective fields.

Our directors have significant and wide-ranging management experience, and many have extensive farming, agricultural, or food related experience relevant to our industry. Currently, we have separated the Chairman and CEO roles, and we appointed a lead independent director in 2021 to bolster the independence of the Board. Our Board of Directors believes that this leadership structure provides the appropriate balance of authority and achieves the optimal governance model for the business at this time.

The Board of Directors has three standing committees, all composed entirely of independent directors: the Audit Committee, the Nominating and Corporate Governance Committee, and the Compensation Committee. Each committee fulfills important responsibilities to assist the Board of Directors with their oversight function. Importantly, our Nominating and Corporate Governance Committee oversees our sustainability efforts and our Compensation Committee oversees our diversity, equity, and inclusion initiatives.

Board Diversity and Refreshment

The Board of Directors is committed to diversity and the pursuit of board refreshment and balanced tenure. Our Board of Directors has actively focused on refreshing the composition and expertise of the Board of Directors over the last several years to better align with the Company’s status as a public company, to enhance the Board of Directors’ oversight capabilities with respect to our long-term strategy, and to increase the diversity of perspectives, experience, gender, and ethnic representation on the Board of Directors.

Crisis Management & Business Continuity

Mission’s business continuity approach is designed to maintain essential functions in the event of a crisis that causes disruption to the business. Our formal response systems prepare the organization to function during and following identified crises or challenges.

SASB Index

We are reporting in reference to the Sustainability Accounting Standards Board (SASB) index framework to provide our stakeholders with standardized metrics showing the comprehensive impact of Mission’s sustainability activities.

Governance Overview

We are committed to operating under sound principles of corporate governance. Our corporate governance structure ensures robust Board of Directors oversight and management accountability and facilitates transparency to our stakeholders while promoting good decision-making.

Our primary industry for reporting is Agricultural Products. We also report on select metrics from the Food Retailers & Distributors industry, due to our stakeholders’ interest in understanding Mission’s position across the following categories:

• Fleet fuel management

• Food waste management

• Product health and nutrition

• Air emissions from refrigeration

• Data security

• Product labeling and marketing

• Management of environmental and social impacts in the supply chain

• Energy waste management

• Food safety

• Labor practices

We will not be reporting on the following metrics:

Revenue from products labeled and/or marketed to promote health and nutrition attributes

PRODUCT HEALTH & NUTRITION

Discussion of the process to identify and manage products and ingredients related to nutritional and health concerns among consumers

PRODUCT LABELLING & MARKETING

Revenue from products labeled as (1) containing genetically modified organisms (GMOs) and (2) nonGMO

(1) Average hourly wage and (2) percentage of in-store and distribution center employees earning minimum wage, by region

Percentage of active workforce covered under collective bargaining agreements

LABOR PRACTICES

(1) Number of work stoppages and (2) total days idle

Total amount of monetary losses as a result of legal proceedings associated with: (1) labor law violations and (2) employment discrimination

Percentage of agricultural products sourced that are certified to a third-party environmental and/or social standard

ENVIRONMENTAL & SOCIAL IMPACTS OF INGREDIENT SUPPLY CHAIN

Suppliers’ social and environmental responsibility audit

(1) non-conformance rate and (2) associated corrective action rate for (a) major and (b) minor non-conformances

MANAGEMENT OF ENVIRONMENTAL & SOCIAL IMPACTS IN THE SUPPLY CHAIN

GMO MANAGEMENT

ACTIVITY METRIC

Revenue from products third-party certified to environmental or social sustainability sourcing standard

Percentage of revenue from (1) eggs that originated from a cage-free environment and (2) pork produced without the use of gestation crates

Discussion of strategies to manage the use of genetically modified organisms (GMOs)

Cost of agricultural products sourced externally

Quantitative FB-FR-260a.1 Not applicable

Discussion and Analysis FB-FR-260a.2 Not applicable

Quantitative FB-FR-270a.3 We do not report this publicly

Quantitative FB-FR-310a.1 We do not report this publicly

Quantitative FB-FR-310a.2 We do not report this publicly

Quantitative FB-FR-310a.3 We do not report this publicly

Quantitative FB-FR-310a.4 We do not report this publicly

Quantitative FB-AG-430a.1 We do not track these totals

Quantitative FB-AG-430a.2 We do no track these rates

Quantitative FB-FR-430a.1 We do not track these amounts

Quantitative FB-FR-430a.2 Not applicable

Discussion and Analysis FB-AG-430b.1 Not applicable

Quantitative FB-AG-000.D We do not report this publicly