UNIMA SER REPORT

Social and Environmental Responsibility Report _

"For over two years, we have been facing an unprecedented health crisis which is now overshadowed by the war in Ukraine and its human, political and economic consequences. Inflation in particular has had an impact on all of our development plans. If there is any upside to this crisis, it is that it has forced us to find innovative responses to the challenges of the present and the future. These challenges are numerous and interconnected. From climate change, which is a challenge for the whole of humanity, to the absolutely essential economic development of Southern countries. And yet, we already have the means to implement the necessary transformations.

These transformations will not be successful in the absence of private companies. Our shared responsibility as entrepreneurs is to drive change by leading the way and inspiring future generations. We are all familiar with the saying: "the planet is burning". But in Madagascar, it is literally true. Droughts ravage the south of the island every year and threaten the lives of local populations. This is no longer the time for sweeping declarations; the climate emergency calls for urgent action.

For more than fifty years, we at Unima have taken strong action to face these challenges. Even before the notion of sustainable development became popular, our company was committed to protecting our native land of Madagascar. We have always been careful to reconcile our shrimp farming activities with a respect for biodiversity. We strive to achieve the right balance in everything we do. Thanks to our fully integrated production

AMYNE H. ISMAIL, PRESIDENT OF THE UNIMA GROUP

chain, we control all stages of the manufacturing process. This year,despite the crisis, we have once againfulfilledourcommitments.

Unima is the story of a family with strong values. It is the story of a multicultural and profoundly Madagascan company whose success is the result of its tireless quest for excellence. Situated as we are in one of the world’s most remote and wild locations, we have worked for years to envisage, forge and create an eco-model of responsible aquaculture. Shrimp is our passion. It is a jewel and we are the goldsmiths. Our aquaculture eco-model has become an international reference. It is a testament to our continuously demanding approach. We want to offer our clients the most delicious and healthiest shrimp, as well as the most ecologicallyresponsible.

We assume this responsibility at all levels. Our Group firmly believes in “Fihavanana”, Madagascar’s cardinal value which invites us to engage in solidarity. Our aim is that the wealth produced by our shrimp farming activities actually contributes to the island’s development, for everyone’s benefit. As such, our business supports an archipelago of isolated regions. We work with local communities and strive to provide them with all possible support.

We are proud of the path we have forged, yet we are driven to aim higher still. Thanks to our strict demand for excellence, we can envisage the future towards which we work with determination. This guides our objectives for 2026: reinforce our social actions through significant investment, and reduce our carbon footprint.

At Unima, we believe that fair trade initiatives must be sustained in an increasingly competitive market. We refuse to give in to market pressure. Instead, we want to make the solidarity economy the new sustainable bridge between Northern and Southern countries.

We have always been committed to this path. We will continue to fight for an inclusive, ethical and respectful economic model that is profitable for all.”

AMYNE H. ISMAIL, PRESIDENT OF THE UNIMA GROUP

Group’s

Mission

The Unima Group

Cultivating and perserving nature in order to provide healthy and sustainable food to Mankind

01 The Unima Group

Group’s mission, vision and commitments —

Mission and Vision

The UNIMA Group is the leading producer and distributor of premium high-quality shrimp in Madagascar. For the past 50 years, our mission has been to produce this shrimp using a process that is continuously evolving in the best interests of our customers, employees, Madagascan communities and the environment.

Our ecological, human-oriented and sustainable vision of food production and distribution enables us to be a sustainable development reference in the aquaculture sector. These have been the Group’s core values since its founding. Thanks to them, we preserve and guarantee the exceptional quality of UNIMA shrimp.

7 OF THE 8 KNOWN SPECIES OF BAOBAB IN THE WORLD ARE FOUND IN MADAGASCAR

"You only really do well something that you love. When you love and believe in what you do, you give it everything you have. Then anything becomes possible.”

AZIZ

HASSAM ISMAÏL — UNIMA FOUNDING FATHER

6 commitments

Dedicated from the outset to producing exceptional shrimp through a fully integrated production chain: good for people and for nature.

A solidarity commitment to employees by providing social benefits that exceed the national minimum provision, and continuously contributing to improving working conditions and personal development.

Total commitment to product quality and traceability. Our shrimp are selectively caught or farmed at low density. They are fed without using antibiotics, GMOs1 or PAP2 .

A profound commitment to improving the quality of life of Madagascan communities by promoting access to healthcare and education while respecting local regulations, practices and customs.

An historic commitment to preserving and regenerating ecosystems and biodiversity.

A well-defined set of sincere and transparent commitments, in collaboration with NGOs (WWF & Blue Ventures) and local associations, implemented through the UN SDGs3

Our Purpose:

To cultivate and preserve nature in order to provide healthy and sustainable food to mankind, while creating prosperity that is shared with our employees and local communities.

Purpose and values

Values

Ourvaluesreflectourcompany'sculture,embody its social principles and ensure team cohesion. It is illustrated by the Madagascan motto:

Let's move forward together.

UNIMA GROUP MOTTO

Passion

This project has always brought together and united passionate men and women. Employees and partners alike are driven and guided by principles that have been at the heart of the Group for over 50 years: teamwork, where respect for others is paramount, and where daring, a reflection of that same audacity behind the company’s very first steps, is encouraged. We are passionate about shrimp and excellence. We are passionate about Madagascar.

Respect

Respect is the common thread, the alpha and omega throughout our history. Respect stands the test of time. It is our past, present and future. Respect is a work in itself and a core value: selfrespect, respect for others, respect for animal welfare and respect for life.

Exemplarity

We must be exemplary in order to fulfil our ethical charter and strive for excellence, which are the two principles that guide every action we take. For the Unima Group, exemplarity is a moral code. it is shared individually and collectively, across the entire value chain.

Sharing

For Unima, sharing is a universal value. Unima would not be the Group it is today without the women and men who have chosen to participate in this adventure. From the very beginning, we have shared the wealth generated by the Group with our employees and Madagascan communities. When UNIMA progresses, Madagascarprogressestoo!

Balance

ThroughPassion,Respect,Exemplarityand Sharing,weaimtoachieveBalance.Forthe UnimaGroup,Balanceis a cardinal value. It is our apex and horizon. This value enables us to question ourselves and not lose sight of what is essential. With balance, we can push ourselves further a little more every day. We are convinced that the human footprint can be a positive one; that by giving ourselves the means to do so, we can collectively restore a certainbalance.

« Antsika Jiaby Miara Mandroso »

ABOVE: TRADITIONAL FISHERMAN - MAHAJAMBA BAY OPPOSITE: MANGROVES STORE 10 TIMES MORE CARBON THAN THE AMAZON

Testimonials from Group employees —

"Support for the villagers who live near the aquaculture sites is what I admire most about this Group and something that inspires deep respect for the UNIMA Group founders and managers. Without the company's presence, villages such as Besakoa, Besalampy, .... would be just more of the world’s many forgotten places. AQUALMA and NACB organise and transport people from their villages to Mahajanga and back, give them access to medical care and medicine, education for their children, and provide them with work; they are

always there whenever there’s a disaster, and all without asking anything in return.”

THE BAOBAB IS SOMETIMES USED AS A RAINWATER TANK BY LOCAL POPULATIONS

BRIGITTE ANDRIAMIAFARANIAINA LOGISTICS & SUPPLY MANAGER, NACB

"Community development is a reflection of the UNIMA Group's values, objectives and philosophy.”

"Madagascar is one of the world’s poorest countries, but UNIMA has been able to demonstrate that with real awareness and commitment from every stakeholder, actions carried out within a clear framework can improve the lives of the population by creating a higher standard of living in a healthy and peaceful environment.”

"Community development reflects UNIMA's values, objectives, and its philosophy which have remained consistent since its founding. It embodies its desire to achieve harmony with its environment. Areas where our activities are located (Mahajamba, Besalampy, Moramba...) have experienced rapid economic and social development, thanks to the infrastructure UNIMA has put into place, including schools, health centres and drinking water fountains... These areas have also become less isolated.”

THE POPULATION OF MADAGASCAR HAS 18 DIFFERENT ETHNIC COMMUNITIES

NDRIANA A. RAVELOSON DIRECTOR OF UNIMA’S BESAKOA SITE

HASSANALY MOISE COMMUNITY DEVELOPMENT OFFICER

A Group that builds —

History of the Ismail family

EEC, now the European Union) acquired a stake in PNB. The Madagascan state became a minority shareholder. Along with the Caisse Centrale de Coopération Économique (CCCE, which has since become the Agence Française de Développement -AFD Group), these development banks cofinanced the first of a long series of investment projects and equity investment in the UNIMA Group's fisheries and aquaculture.

The Ismail family’s history in Madagascar dates back to 1862. Two brothers of Indian origin, Hassam and Mamad Ismail, started trading in the 1930s. Mamad and his nephew Aziz Hassam Ismail began investing in the textile industry from the late 1950s. Aziz Hassam Ismail founded UNIMA in 1965, and began shrimp fishing in 1973. Between 1976 and 1979, the Madagascan state nationalised the Ismail family's companies, including PNB. The family became a State partner and transferred its remaining shares to Luxembourg.

In 1984, the International Finance Corporation (IFC, part of the World Bank Group) and the European Investment Bank (EIB, on behalf of the

In 1989, Amyne H. Ismail returned to Madagascar. With his father, he helped invent the Madagascan aquaculture eco-model. In 1998, Amyne H. Ismail took over as UNIMA’s CEO and continued to transform aquaculture. Amyne Ismail began to integrate and control the entire productiondistribution chain from the Indian Ocean to Europe. He became President of the Group in 2014. His sister Lina Ismail-Lebard joined him on the Board of Directors.

Today, the UNIMA Group remains family owned and world-renowned for its eco-responsible shrimp, which are naturally exceptional.

The Group has been built over several generations and this explains its deep attachment to Madagascar, its women and men, its environment and its traditions.

"Our history is our strength”

Of Indian origin, the lsmail family settles in Madagascar.

Aziz Hassam Ismail and his uncle start the textile venture. The family buys a shrimp fishing company, Les Pêcheries de Nossi-Bé (PNB).

The IFC and EIB acquire shares in PNB. First funding from these institutions, along with the ECCC.

Aziz Hassam Ismail co-founds and chairs the professional group GAPCM.

The UNIMA Group continues its vertical integration in the Indian Ocean and Europe.

FISEA (AFD Group) acquires shares in the UNIMA Group.

Launch of the UNIMA Selection range

The two brothers Hassam and Mamad Ismail set up a trading company.

Aziz Hassam Ismail creates UNIMA.

The Madagascan state nationalises “Les Pêcheries de Nossi-Bé”.

The first shrimp farm in Madagascar, AQUALMA, is created.

Amyne H. Ismail succeeds his father, taking over the General Management of the UNIMA Group.

UNIMA Group obtains Label Rouge certification.

Organic certifications

Activities and expertise

Shrimp fishing Shrimp aquaculture

A long-standing player in Madagascar shrimp fishing, UNIMA has developed a responsible fishing model. "Fishing less to fish better" is the Group's philosophy. The aim is to practise selective fishing and avoid bycatch, which significantly improves quality. All shrimp are frozen on board as soon as they are removed from the water, and each vessel has a health and safety approval issued by the ASH, Madagascar’s relevant national authority. The main species we catch is Penaeus indicus, otherwise known on the market as "white shrimp".

Since 1986, the Group has developed an ecobreeding model that enables it to obtain high quality Label Rouge and Organic certified products. The species farmed is the Penaeus monodon, known as Tiger prawn, gambas, or camaron. It is highly sought after because of its exceptional flavour. UNIMA farmed shrimp are the only shrimp that are officially Label Rouge certified. Once again they were rated the best on the market in 2020 in a survey by UFC Que Choisir.

SHRIMP RAISED BY UNIMA IS ENDEMIC TO MADAGASCAR

Food production

UNIMA has built a feed mill on Reunion Island (NUTRIMA), in partnership with the URCOOPA cooperative group. NUTRIMA takes great care with its sourcing. It excludes all processed animal proteins, all products derived from GMO plants and all products derived from deforestation. The company is working on reducing its use of fishmeal. NUTRIMA supplies Label Rouge and Organic shrimp farms in Madagascar.

Cooking facility

In 2006, the UNIMA Group decided to open its own shrimp-cooking facility near Boulogne-surMer. Located in the first ISO 14001 eco-certified industrial park, the UNIMA FRAIS facility is equipped with ultra-modern equipment that guarantees that shrimp is optimally cooked "to the second". The Group's facility is constantly innovatingtoreduceitsenvironmentalimpact.

Distribution

UNIMA has developed an integrated distribution model that is close to the consumer. Today, the Group’s various subsidiaries distribute all of the Group's products throughout the world (Europe, China,Japan,USA).UNIMAshrimparedistributed to restaurants, the most prestigious brasseries, traditional fish shops, supermarkets, and finally in specialised circuits (home service freezer centre). UNIMA's distribution has a turnover of approximately€80million.

"Fishing less to fish better”

DESPITE THE ISOLATION OF ITS SITES, UNIMA GUARANTEES THE COLD CHAIN, FROM FISHING IN MADAGASCAR TO THE DISTRIBUTORS ON INTERNATIONAL MARKETS

Cultivating and preserving nature in order to provide healthy and sustainable food to Mankind

Environmental responsibility —

Exemplary partners

In 2007, UNIMA and WWF signed a 5-year partnership, which has since been renewed twice (in 2011, and again in 2018). This was the first time the WWF signed a partnership with a company in the fishing and aquaculture sector. The partnership aims to demonstrate and quantify UNIMA's impact on Sustainable Development and promote eco-responsible practices in the fishing and aquaculture sectors.

Through this partnership, a number of specific objectives have been identified:

–Reduce UNIMA's ecological footprint by contributing to carbon neutrality.

– Preserve biodiversity through clear action plans (Biodiversity Actions Plans), including a mangrove protection programme in the Mahajamba Bay and protecting rare species.

–Promote socio-economic development.

This win-win partnership is non-financial and aims to show that CSR practices guarantee longterm economic prosperity.

In Madagascar, access to healthcare is essential for people living in remote areas that are hours away from a town.

In this context, UNIMA and PICARD signed a partnership in 2020 to build a mother-and-child unit with specialised ultrasound and analysis services by 2021.

Set apart from clinic patients, this unit opened its doors in January 2022. The mother-and-child unit in the village of Besakoa offers mothers and their babies prenatal consultations, scheduled deliveries, individualised support appointments, training and advice (nutrition, vaccinations, etc.) up to a year and a half after birth.

"An integrated approach and a longterm vision in the Mahajamba.”

In Madagascar, 20% of children aged 6 to 14 have never been to school. Baccalaureate pass rate is less than 50% nationally, and less than 40% in the Mahajamba region. Given this context, UNIMA and INTERMARCHÉ initiated a partnership in 2010 to build a high school in the remote village of Besakoa, followed by a boarding school, library, computer room, sports field, etc. In coordination with nearby secondary schools, a specific pedagogical project has been developed, including teacher training and parent awareness. Thanks to these measures, the school achieved an unprecedented pass rate for a rural secondary school in 2019: 74%.

In 2018, UNIMA and Blue Ventures signed a 6-year renewable partnership. It aims to develop a sustainable model for communitybased mangrove ecosystem management in the Mahajamba Bay. This model ensures mangrove protection through co-management and respect for stakeholders. The programme has been formalised in a document entitled "Integrated approach and long-term vision in the Mahajamba".

The Union Réunionnaise des Coopératives Agricoles (Reunion Union of Agricultural Cooperatives) is an essential and loyal UNIMA Group partner. URCOOPA is the reference feed supplier on Reunion Island. It has complete control over its raw material sourcing. Wanting to fully integrate its network, UNIMA approached URCOOPA to build an aquaculture feed mill in La Réunion. A result of successful regional cooperation, the NUTRIMA feed production facility has been supplying African and Mauritian aquaculture farms since 2006.

Stakeholder testimonials

"WWF and UNIMA are long-standing partners. Our first partnership agreement dates back to 2007, and was renewed in 2011 and again in 2018. Does the private sector have a role to play in promoting sustainable development and, in Madagascar’s case, in preserving the island's exceptional biodiversity as well as that of the planet? Is it possible to combine environmentally friendly practices with profitability? These are all questions that sustainable development actors faced in 2007, and sometimes still confront. In an attempt to respond to these questions, the WWF and UNIMA have worked side by side for the past fifteen years, focusing on shrimp aquaculture in Mahajamba and the VERAMA cashew plantation.

UNIMA management and employees are committed to "giving back to nature and communities", which is the key factor in addressing these challenges. Over the past fifteen years, UNIMA has continued to push the boundaries of what is considered possible. In 2016, the Mahajamba Aquaculture Farm received Aquaculture Stewardship Council (ASC) certification - the first in the Southern Hemisphere. This showed that even in one of the world's least developed countries, it is possible to adhere to the highest environmental and social standards in the industry. It is model for others to follow, and a challenge to industry in the Southern hemisphere! Through the UNIMA-

NANIE RATSIFANDRIHAMANANA WWF COUNTRY DIRECTOR - MADAGASCAR

NANIE RATSIFANDRIHAMANANA

WWF partnership, action plans to preserve the exceptional biodiversity at UNIMA sites have been developed and implemented with the participation of numerous experts and specialist NGOs. UNIMA is an important contributor in terms of efforts to preserve the natural heritage of Madagascar and the world, from preserving and restoring the Tahina spectabilis palm tree, to bird and habitat conservation and sustainable dry forest and mangrove management. Personally, what has touched me the most is UNIMA’s relationship with local communities in areas where it operates. It maintains a relationship of mutual respect and trust, which is reflected in the group's many social initiatives to improve the population's access to basic services, health and education.

We face many challenges today, be it climate change, the biodiversity crisis or persistent poverty throughout Madagascar and the world. These

can only be addressed through collective action. UNIMA is living proof of the important role the private sector can and must play in terms of sustainable, fair and equitable development that respects nature. It is a model that all should follow."

"Unima is living proof of the important role the private sector can and must play in terms of sustainable development.”

Sustainable fishing and aquaculture

Aquaculture

UNIMA has invented an eco-model for shrimp aquaculture in Madagascar.

UNIMA decided to promote a semi-intensive model with absolute respect for the mangrove. Ponds are built behind vegetation cover on barren areas called tannes. There is no farmer expropriation, especially of rice farmers. Farming densities are very low (15 to 25 shrimp/sq m, compared to an average of 200 shrimp/sq m in intensive farming in Asia). This makes it possible to limit the amount of water effluent leaving the basins, preserve animal welfare and guarantee exceptional shrimp quality.

Farms must be at least 20 km apart. Each farm requires an environmental permit to operate and an annual environmental report. Permit specifications are binding on the operator. The UNIMA Group was the first producer to domesticate the reproduction of the penaeus monodon species. Started in 1999, the Group’s domesticated breeding stock is now in its 19th generation. This eliminates the need to take water from the natural environment and limits health risks.

Fishing

The Group strives to reduce the negative environmental and socio-economic impact of fishing insofar as possible, particularly by using exclusion devices (for turtles, selachians, mammals, fish).

Each UNIMA vessel is equipped with a satellite tracking system; an on-board observer programme is set up by the Fisheries Monitoring Centre. Landings are also controlled. At UNIMA, the core philosophy is: "fish less to fish better". Having observed the Administration's difficulties in regulating small-scale fishing and enforcing regulations on prohibited equipment, UNIMA withdrew from the north-western zone of Ambaro Bay and reduced its fleet from 18 to 6 vessels.

UNIMA has also worked closely with the professional organisation GAPCM to establish a transparent, non-discretionary and competitive system for managing fishing rights.

OPPOSITE: TRADITIONAL FISHERMEN - MAHAJAMBA BAY

Protecting the environment

Mangroves and plantations

Mangroves play a fundamental role in the coastal marine ecosystem. They act as a nursery for juvenile shrimp, as well as several other marine species. Mangrove preservation is crucial to the ecosystem, and for aquaculture site biosecurity. UNIMA is therefore involved in a mangrove protection programme in Mahajamba and Besalampy.

Since it was founded, UNIMA has planted 2.7 million trees across its various sites, including about 1 million mangrove trees (150 ha) and 1.7 million trees (1,000 ha) of various species on-land, including our cashew tree plantation.

In partnership with the Madagascan government, AQUALMA has also set up biosafety perimeters around its aquaculture sites, which guarantee the integrity of local ecosystems. We run awarenessraising activities for local communities on bad practices and the overexploitation of natural resources. UNIMA also responds to bushfires. In these areas, which cover a total of 9,000 ha (including 6,500 ha of mangrove ecosystem and 2,500 ha of on-land forest ecosystem), the pressure on natural resources is minimal compared to nearby areas. Mangrove cutting is minimal and only traditional native fishermen (the "zanatany") can fish there.

Biodiversity and protected areas: "No-take zones” and biosecurity perimeters

The Group also actively participates in protecting natural resources across all of its sites (16,900 ha), and in the wider areas surrounding these sites (34,400 ha). The total protected area totals 51,300 ha, including 46,000 ha of mangrove and dry forest ecosystems. These 51,300 hectares represent 5 times the surface area of Paris. Natural resources are also protected on UNIMA's concessions, where all exploitation is prohibited. Across our aquaculture sites, our concessions cover an approximate area of 8,300 ha, including more than 2,200 ha of mangrove ecosystems and 1,300 ha of on-land forest ecosystems.

More specifically for VERAMA, the land planned for reforestation covers an area of approximately 8,000 ha. VERAMA supported setting up Base Communities in the area for contractual forest management, using a management transfer covering an area of 6,200 ha. In partnership with the ASITY association, a bird monitoring programme has been implemented across all areas specified and hunting is prohibited. The aim is to create a bird sanctuary in the near future.

OPPOSITE: UNIMA HAS PLANTED OVER 1 MILLION MANGROVES IN MADAGASCAR SINCE 1998

Protecting the mangroves of Mahajamba Bay

With its 47,500 ha mangrove ecosystem, Mahajamba Bay is the largest mangrove area in Madagascar (it represents nearly 14% of the country's mangroves). UNIMA has developed a partnership with Blue Ventures, a British NGO that has been working in marine conservation for the past 15 years. The aim of this project is mangrove ecosystem preservation and sustainable natural resource management for Mahajamba Bay as a whole.

Management transfer

AQUALMA has also developed ways to actively protect the primary dry forest ecosystem opposite the Mahajamba farm. A local bushfire committee has been created, and rice grants have helped mobilise villagers for sustainable resource management. We have taken steps to transfer the local management of natural resources to local communities. Covering almost 5,800 hectares, this management area will include a 600 ha conservation zone partly composed of primary forest. Local community ownership and involvement in environmental conservation is central to a sustainable co-development approach to conservation. This is currently in the process of being finalised.

MANGROVE IN MAHAJAMBA BAY

Protected area

UNIMA's ambition is to start a process to create a Protected Area in the Moramba region covering an area of approximately 14,000 ha. The longterm objective is to create a network of protected areas covering 45,000 ha on the Narindra peninsula, and to obtain UNESCO Biosphere Reserve status.

This area is truly unique, given the different types of natural habitats that make up this area, and the biodiversity they contain. The coast is a mosaic of mangroves, coastal beaches and unique karst islands, while the interior consists of dry forests, lakes and swampy areas. The biodiversity of this ecosystem includes 4 species of lemurs and 111 species of birds, 48 of which are endemic to the islands of the south-western Indian Ocean, and 7 of which are classified on the IUCN red list as endangered or critically endangered. The famous Madagascar fish eagle (Haliaeetus vociferoides), and the Tahina Spectabilis palm deserve a special mention.

The marine ecosystem is home to 5 species of turtles. However, this region, which is important for major migrations, is beginning to suffer increasing anthropogenic pressures. These include the hunting of wild animals, bush fires and the illegal exploitation of forest resources.

“Local community ownership and involvement in environmental conservation is central to a sustainable co-development approach to conservation.”

KARST FORMATION WITH BAOBABS IN MORAMBA BAY

Tahina Spectabilis

On the Masiloka peninsula, a unique palm species (Tahina Spectabilis) was discovered by UNIMA and is listed by the IUCN as highly endangered. We protect it in coordination with local communities and in partnership with worldrenowned botanical gardens (such as the Royal Kew Gardens in London and the Koishikawa in Tokyo). A Tahina management committee was set up with the support of VERAMA in 2007. A fund was created from the sale of Tahina palm seeds, which is used to finance conservation activities, social projects (building schools, wells, etc.) and the purchase of agricultural equipment for local communities.

Verama

VERAMA’s work on rehabilitating infertile soils and cultivating cashew nuts using organic farming methods are additional major contributions by the Group to local biodiversity. The plantation project covers a total Reforestation Land Zone (RFR) of 7,997 ha, within which pre-existing natural resources are preserved. 810 hectares of plantations have already been completed, including 190 ha of forest.

A certification audit conducted by the American Carbon Credit Registration in 2011 on 6,412 ha of the plantation project identified a sequestration potential of 800,000t CO2e.

BY CATCH REDUCING DEVICES (BRD)

Finally, it should be remembered that UNIMA Group's trawlers have been equipped with exclusion devices (for turtles, marine mammals and fish) since the early 2000s. All have abandoned scraper chains, which helps preserve the marine environment.

Waste

All of the company's waste is sorted and accounted for, including its fishing division where nothing is thrown into the sea.

UNIMA is also raising awareness about waste sorting among the local population. In the village of Andrafiamadio, for example, different coloured bins have been installed to sort waste. These are regularly collected by UNIMA.

Low carbon policy

A collective and priority issue

UNIMA made an early commitment to reducing its greenhouse gas emissions. It has done so in its choice of breeding method and through the careful attention paid to immediate environments (marine, mangrove and forests).

In 2008, Carbone 4 carried out an initial carbon assessment of UNIMA's activities in 2007. This was the first carbon assessment of the seafood sector in the world, and the first carbon assessment carried out in the global South, across all sectors.

CARBONE 4 was founded in 2007 by Jean Marc Jancovici. It is behind ADEME's carbon method and inspired the creation of the Association Carbone, the Net Zero Initiative and the Shift Project.

In 2020, UNIMA carried out a new carbon assessment with a broader perimeter integrating scopes 1, 2 and 3.

Carbon neutrality: the new holy grail

“Carbon neutral” commitments in the private sector are increasing. However, the only carbon neutrality that is rigorously defined by science is planetary. In order to meet the 2°C or 1.5°C targets, global carbon neutrality must be achieved before the middle of the century, To achieve global carbon neutrality, human societies must simultaneously reduce emissions and increase carbon sinks.

These dual objectives suffer a number of limitations, both theoretical and practical: –the scope of emissions taken into account may exclude a company’s most significant emissions that are essential to its commercial activity. –the reduction target is rarely compatible with the 3% to 7% annual global emissions reduction required in order to comply with the Paris Agreement. – "offsetting" cannot be universally applied and therefore is not a viable solution on a large scale. CO2e emissions far exceed "the amount of offsetting available" in the world.

Companies can therefore only contribute to the world’s progress towards global carbon neutrality. UNIMA is naturally part of this process. We have been measuring and reducing our carbon footprint since 2007, and have pursued ambitious carbon offsetting programmes. Our planting campaigns have been carried out annually since 1998.

Since its first campaign, UNIMA has acquired real expertise in the field of carbon sequestration, with over 2.5 million trees planted, or more than 5 times the number of trees in Paris, including the city’s large wooded parks.

UNIMA’s carbon footprint

In 2020 UNIMA asked Carbone 4 to carry out a carbon assessment of its 2019 business activities. The latest measurements confirm that 90% of our carbon footprint is concentrated in 3 areas: energy, purchasing, and refrigerant gases. Maritime import freight between Madagascar and Europe accounts for only 4-5% of emissions. This shows that it is not so much importing a product from a tropical country or producing it locally that has an impact, but rather the production model implemented.

“It is not so much importing a product from a tropical country or producing it locally that has an impact, but rather the production model implemented.”

Carbon footprint of Unima’s business activities

NZI Accounting 2019 Results Carbone 4 03

The UNIMA Group does not purchase carbon credits. It creates sustainable carbon sinks in Madagascar. This activity is controlled, verifiable and monitored over time. UNIMA has been planting trees since 1998. Through all of these actions, the Group helps fight global warming. These initiatives exceed the UNIMA Group’s CO2e emissions, a clear demonstration of our eco-responsible commitment that is verified and quantified by reputable third parties.

UNIMA adheres to the Net Zero Initiative’s triple accounting protocol advocated by Carbon 4. This is a three-column balance sheet: I reduce, my actions prevent emissions, and I sequester.

The Group directly and indirectly participates in reducing annual emissions (combating bush fires and uncontrolled logging, improving fireplaces in homes, etc.) which are estimated at 20,157t CO2e.

Path to 2050

COP21 has set an objective for a shared contribution to carbon neutrality by 2050. As an indicator was not attributed to Madagascar at the conference, we take as reference the reduction objective proposed for the agriculture sector in France, which is 2%/year. Over 12 years (2007 to 2019), UNIMA has maintained a 2.7% effective annual emissions reduction rate.

Thanks to the actions we have taken to reduce our carbon footprint (modernising equipment, changing practices, reducing fishing activity), we are proud that we have been able to reduce our emissions by 35% in twelve years; comparatively, companies with a 'net zero' target have reduced their emissions by 10% on average between 201020194.

4 SOURCE: CARBON4.COM "GREENHOUSE GAS EMISSION REDUCTION TARGET: DO COMPANIES KEEP THEIR PROMISES?”

SCOPE A SCOPE B SCOPE C AVOIDED EMISSIONS CARBON SINK SEQUESTRATION UNIMA UPSTREAM/ DOWNSTREAM

Stakeholder testimonial

"Not a week goes by without the issue of climate change being part of the public debate, at least in Europe. The business community is making several announcements about initiatives that are supposed to reduce emissions at a rate that will make it possible to fulfil the Paris agreement.

In order to reduce emissions, we need to measure them. However, only a minority of companies in the world of a certain size currently publish emissions measured over the entire value chain, which is called a carbon footprint. This means, for example, calculating emissions from car use for a car dealer, or from cattle rearing for a fast-food restaurant selling hamburgers. Most entities continue to publish only direct emissions data, if they publish anything at all.

However, taking this first step - which is rarely taken - is still not enough to give a complete picture of a company’s global emissions. Beyond its own emissions, a company can help - or prevent - others in terms of reducing their emissions through the products or services it sells. For example, a building insulation manufacturer can help owners of existing buildings reduce their emissions, or an electric bicycle seller can help car owners reduce or eliminate their dependency on their cars.

In this particular case, focusing on carbon footprint emissions alone leads to a paradox: the more the company increases its activity - and potentially its carbon footprint - the more it contributeswithin certain limits - to global carbon neutrality. In such cases, it is necessary to report on avoided emissions, and to do so separately from the carbon footprint without subtracting from the footprint report. Avoided emissions may include projects that are financed outside the value chain but nevertheless contribute to avoiding emissions, such as preventing fires.

Finally, a company can contribute to carbon sequestration by organising or financing sinks, inside or outside its value chain. The most obvious example is reforestation, either on land (cashew trees, for example) or on the coastal fringe (mangroves). Here too, corresponding CO2 flows (downward, not upward) must be reported separately, and not subtracted from the emissions produced by the value chain. Otherwise, a falsely reassuring impression is given of the low level of these emissions.

JEAN-MARC JANCOVICI CARBONE 4 ASSOCIATE

Carbone 4 has formalised all of these elements in a reference framework: Net Zero Initiative (https:// www.carbone4.com/publication-referentiel-nzi).

We are therefore delighted to see that Unima is one of the first companies in the world - if not the first? -to have chosen the NZI benchmark to separately publish its induced emissions, avoided emissions and carbon sequestration. We are also pleased to see that since the first carbon assessment in 2008, induced emissions have decreased. This is not the most common outcome among Carbone 4's clients. And we are sure that there is still plenty of scope for action!”

JEAN-MARC JANCOVICI

Providing healthy and sustainable food to people —

Animal welfare

A healthy, well-fed animal raised in peaceful conditions guarantees a quality product. That is why we at UNIMA attach great importance to animal welfare.

UNIMA offers shrimp exceptional comfort at every stage of their development. Specific equipment has been put in place to protect them from external aggressors (diseases and predators). The use of antibiotics and pesticides is banned from the Group's farms. This care for animal welfare is reflected in our shrimp’s high survival rates across our facilities compared to the industry average. Together with eco-responsibility and quality, these principles are the core of UNIMA’s gentle farming method and contribute to shrimp wellbeing.

The breeding method

UNIMA chose low-density semi-extensif farms (low density: 15 to 25 shrimp/sq m). These gentle farms better mimic natural conditions and prioritiseanimalwelfare.

Restoring a natural environment

The growing environment should be as close as possible to the shrimp’s natural biotope. The environment is adapted to the species. Pond and dikesoilistannesoil.

Shrimp do not suffer from audio or visual disturbanceandthereisnopredation.

Shrimp dietary needs

Raw materials sourcing is very demanding. Any GMO-derivedrawmaterialisprohibited.Processed animal proteins are prohibited. Fishmeal must come from eco-certifiedfisheries.Thepercentage of fishmealhasalreadybeenreducedbyouruse of vegetable proteins. However, soybeans from Brazil are excluded as they contribute to Amazon deforestation.

Cholesterol

Shrimp have a high cholesterol content This is concentrated in the head, which is not usually eaten. But eating shrimp improves the HDL/ LDL ratio, i.e. the ratio of good to bad cholesterol. Shrimp therefore play a positive role in protecting thecardiovascularsystem

Medication

The use of medicinal products and antibiotics is prohibited on UNIMA farms. In fact, soil quality, clean water, low density and domesticated broodstock production all contribute to producing healthy shrimp that are raised naturally.

Broodstock selection

Breeding at UNIMA does not require collecting broodstock from the wild. The breeding domestication programme therefore helps preserves the resource and protects the farm from diseases present in the natural environment. The Group has therefore invested heavily in breeding domesticated broodstock and has acquired expertise in this field, unique in the world for this species. These broodstocks have been bred over more than 19 generations. This has made possible a natural selection of genetic lines with unique characteristics that are regularly mixed to ensure the diversity and robust hybridity of the species.

This makes for young shrimp with exceptional growth potential that can be handled without causing stress and are exceptionally resilient. Regular checks ensure that larvae are free of disease.

to producing healthy shrimp

Broodstock maturation

In female shrimp, there is an endocrine gland on the eyestalks that secretes a hormone that inhibits ovarian activity. Their removal allows ovarian development. In fact, sexual maturity is quickened, and eggs are more numerous and laid more frequently, with variations depending on the species. In the case of penaeus monodon, internal research for natural maturation is already advanced. Eyestalk ablation has been outlawed for many years. Ligation is expected to disappear in the near future, as it is used on only one in 200,000 farmed shrimp.

THE COLOURS AND SHINE OF THE SHELL ARE EVIDENCE OF ANIMAL WELFARE

“In fact, soil quality, clean water, low density and domesticated broodstock production all contribute

that are raised naturally.”

Quality of UNIMA products: aiming for excellence

Officially Organic and ASC certified, UNIMA shrimp is also the only shrimp in the world to have been awarded the Label Rouge.

Label Rouge

Label Rouge is an official sign of quality. It is only awarded to products that exhibit a higher level of quality than other similar products on the market thanks to their production or manufacturing conditions. At all production and development stages, the Label Rouge product must meet the requirements defined by the Institut National de l'Origine et de la Qualité (INAO) and is approved by an inter-ministerial order. Shrimp farmed by the UNIMA Group have been Label Rouge certified since 2004.

and peeled shrimp. The means that UNIMA has implemented initiatives and taken action to ensure that "respect for the environment, biodiversity and animal welfare" also exceed European organic regulations.

ASC

Organic

In 2014, UNIMA decided to convert part of its production to organic shrimp farming. UNIMA has since been producing certified organic whole

ASC (Aquaculture Stewardship Council) certification promotes responsible aquaculture that meets specific environmental and social responsibility criteria. At the WWF’s request, the UNIMA Group joined the Steering Committee of the Shrimp Aquaculture Dialogue (SHAD) and participated in drafting ASC specifications for shrimp aquaculture. The Aquaculture Stewardship Council (ASC) was founded by WWF and Dutch organisation IDH (Initiatief voor Duurzame Handel) in 2010. The aim was to establish a certification programme for the aquaculture industry. The UNIMA Group’s entire aquaculture production is ASC certified.

OPPOSITE: UNIMA’S DOMESTICATED SHRIMP REMAINS ZEN WHEN IN CONTACT WITH THE BREEDER. PRESENTATION OF THE UNIMA GROUP

Economy of the sector

The industry’s economic impact

In Madagascar, shrimp fishing represents 1.7% of national, with a value of 76 billion Ariary (about €16.7 million). The contribution of industrial shrimp fishing to Madagascar's economic growth was estimated at 0.17% of GDP in 2018. Shrimp fishing represents 1,500 direct jobs and 3,000 indirect jobs. Madagascar produced nearly 6,000 tonnes of aquaculture shrimp in 2017. In 2018, the average FOB price of aquaculture shrimp was €13.22. Exports totalled 237 billion Ariary in 2017. Shrimp farming represents 0.32% of the country's GDP. The shrimp sector (fishing+aquaculture) accounted for 6.0% of Madagascar's exports in terms of value in 2017.

Distribution of the wealth generated by UNIMA

The UNIMA Group represents 3,000 jobs across 4 aquaculture sites, 6 fishing boats and a cashew nut plantation. The Group generates 4,800 indirect jobs (trade, crafts, local industry, port handling, logistics, transport, etc.). An estimated 13,000 people depend on UNIMA for their employment. The annual wage bill is 25 billion Ariary, or more than €6.6 million. Since it was founded, the UNIMA Group has invested a total of 165 million euros in Madagascar. These are investments in fixed assets, excluding land valuation and working capital requirements. UNIMA contributes significantly to Madagascar’s balance of trade. 2022 turnover from exports exceeded 260 billion Ariary, i.e. more than 62 million euros and more than 4% in value of the country's exports. In 2017, the Group paid more than 5.7 billion Ariary in taxes in Madagascar, i.e. approximately 1.5

million euros. The country benefits from the added value created by the Group: 80% of profit margins generated within the Group's Production - Distribution sector remain in Madagascar.

ABOVE: TRADITIONAL FISHING VILLAGE IN MORAMBA BAY OPPOSITE: TRADITIONAL FISHING FAMILIES BENEFIT FROM DRINKING WATER FROM FOUNTAINS PROVIDED BY UNIMA

Employee commitments

—

Favourable working conditions

Diversity and equal employment opportunities

UNIMA employs approximately 50 people in Europe and 3,000 people in Madagascar. With operations in Paris, Madrid and Lisbon, our distribution company employs mainly administrative, logistical and sales staff. The average gross salary is 3.5 times minimum wage. The UNIMA FRAIS cooking facility in Boulognesur-Mer predominantly employs production workers. The average gross salary is 1.7 times minimum wage, excluding social benefits.

In Madagascar, UNIMA recruits employees from across all 18 ethnic groups. The isolation of the sites requires a particularly long working week, which may explain the greater presence of men in the trades in question.

Freedom of religion

All company employees are free and have the right to choose or practice a religion. Any form of discrimination based on race, ethnicity, origin, gender, religion, sexual orientation, etc. is prohibited. Places of worship for different religions (Christian and Muslim) coexist in peace on all UNIMA sites. Freedom of religion has a positive effect on society: it helps prevent violence and avoid conflict.

UNIMA is also the only company in Madagascar that provides free rice to its employees. This supply is intended to cover almost all of the essential food staple needs of Madagascan households. This provides important financial

and psychological security given the country’s frequent speculative price fluctuations. Benefits in kind represent a remuneration increase of 22% of the wage bill.

Land titles

In the village of Besakoa, the company owns two 42 hectare plots of land. The company has given every employee with more than 5 years’ seniority a 400 sq m plot. 420 lots have been set aside and ownership deeds have been distributed to families in collaboration with the Direction Domaniale et Foncière de Mahajanga.

UNIMA GROUP HATCHERY IN MORAMBA

“UNIMA is also the only company in Madagascar that provides free rice to its employees.”

Safety at work Health for all

Compliance with ILO conventions

Occupational safety rules comply with the recommendations of the ILO and the government of Madagascar. These are generally in line with European standards. UNIMA:

—  Respects freedom of association and the right to collective bargaining.

—  Does not discriminate in terms of employment and occupation.

—  Prohibits forced or compulsory labour.

—  Participates in abolition of child labour (UNIMA’s internal human resources policy stipulates that employment is exclusively from the age of 18).

—  UNIMA was the first Madagascan company in the fisheries and aquaculture sector to introduce a collective agreement in 1995.

Working time organisation

In Madagascar, a gross wage is calculated on the basis of a 40-hour work week, or 200 hours of work per month for the agricultural sector. A regulatory provision takes into account that aquaculture production sites are isolated and sets working hours at 10 hours per day for 3 weeks of work, followed by one week of rest. In France, gross salary is based on 39 hours per week, and overtime is paid in accordance with applicable legislation. Added to this are the social benefits for non-executive staff.

The Group runs 10 health centres with doctors, midwives and nurses in the vicinity of its aquaculture sites. It set up a mother and child unit in the remote village of Besakoa in January 2022. The centre provides 26,000 consultations and facilitates 200 births per year. In 2019, there were only 2 accidents, which occurred when those affected were on break. In urban areas, UNIMA employees are entitled to an inter-company mutual insurance policy.

EMPLOYEE PLANTING CASHEW TREES IN VERAMA

As a socially responsible company, UNIMA is heavily involved in community development for the benefit of the Group's employees, their families and the surrounding population. UNIMA's sites are located in isolated regions and lie at the heart of local development dynamics. The Group builds and manages infrastructure to provide village communities with access to education, health and drinking water. It also contributes to safety, sanitation, energy supply, and food crop development in villages near its sites.

development

—  The UNIMA Group has always put community development first. This approach contributes to social well-being and helps build close ties with local populations and authorities.

It implements this philosophy through the following measures:

—  A broad consultation process with local populations.

—  Participatory development programmes in surrounding municipalities.

—  Implementing tangible development projects identified as priorities by the population.

UNIMA pays close attention to respecting local traditions and cultures. The Group wants to contribute to the sustainable development of the regions in which it operates. It helps municipalities to draw up their annual work programme (Plan de Travail Annuel), and contributes financially.

Access to water

Community commitments: a socially responsible company — Community

Every UNIMA site has its own water treatment and supply plant. This drinking water is used for production as well as consumption by inhabitants of surrounding sites and villages. In Besakoa, the drinking water treatment plant supplies the village and the Mahajamba farm by underground pipes. Water in the village is distributed to 42 public standpipes and 60 individual connections at a rate of 3,600 cu m of drinking water per year. Thanks to UNIMA, the Fokontany of Besakoa is the only one of the 11 Fokontany in the rural Commune of Mahajamba with running drinking water.

RESIDENT GOING TO THE WATER FOUNTAIN

Stakeholder testimonial

PHOTOGRAPHIC ARTIST

"I have known UNIMA for a long time. I first tasted their shrimp at a friend's house in Europe, and was proud that they came from Madagascar.

I had heard a lot about their efforts in terms of economic development and preserving the natural environment, especially the mangroves, which had been praised by the WWF.

I recently had the chance to see their work up close during a reportage photography assignment at UNIMA sites in the Besakoa region.

Having visited many Madagascan villages throughout my life as a photographer, I can say that I was amazed and impressed by the village of Besakoa where UNIMA operates.

It has everything for the population’s well-being. For me, it is a sort of model village, with all the necessary infrastructure which I photographed: water fountains, a covered market, schools, a hospital, a maternity clinic, sports fields, etc. All is clean and safe. I could even see zebu herds running free.

Although isolated, the local population can thrive both economically and in terms of access to health care and education, and all in a pristine environment. It would be great if all villages in Madagascar were like this!

I’m particularly pleased to see a private company from my country ensuring the well-being and economic development of my compatriots, whom I also enjoy photographing.”

PIERROT MEN

PIERROT MEN

Electricity

By providing Besakoa with access to electricity, UNIMA aims to provide domestic comfort, security and opportunities for the development of small craft workshops that generate income. Access to electricity has been operational since 2006. 400 subscribers are connected to the network. The network supplies electricity from 17:00 to 23:00, i.e. 6 hours per day. UNIMA provides public lighting (48 points), as well as lighting for public buildings (schools, dispensaries, mother-child unit, gendarmerie, etc.).

The Group is currently engaged in a process of converting the energy source to solar energy. A partly solar-powered hybrid plant is already operational in Moramba. A similar project is being developed in Besakoa.

A micro power plant with photovoltaic panels was also built in Besakoa in 2016 to meet the high school and boarding school’s electricity needs. These are now supplied with electricity on a permanent basis (24 hours a day).

A non-fossil fuel alternative: gasifier

A gasifier or gasification unit is a wood gas plant that produces electricity from woody plant biomass.

The gasifier is a renewable energy source: you plant, you maintain, you cut wood, you produce energy and then you can start the cycle over and over again.

The process of producing electricity by wood gasification reduces greenhouse gas emissions by replacing fossil fuels (diesel), which marks a commitment to controlling our carbon footprint. Jobs are also generated by the planting of the trees, the maintenance and operation of the woodland and the operation of the gasifier itself. A gasifier unit was successfully put into operation at VERAMA in 2017, saving 70% on the fossil fuel previously used (diesel). This was done by planting and using the accacia spp species.

The Group plans to extend the use of this new process, which is extremely favourable in terms of energy transition, to all villages and small operating sites from 2022. With 6,500 inhabitants, the village of Besakoa should be converted by 2023. This energy transition also makes it possible to raise awareness of the challenges of energy transition and sustainable forest management among local communities.

“The UNIMA Group has always put community development first.”

OPPOSITE: AERIAL VIEW OF SOLAR PANELS AT THE MORAMBA HATCHERY

Access to Transport (Mobility)

In order to combat the isolation of the local populations, UNIMA organises free transport by boat for employees and inhabitants (including children) between its sites, nearby villages and urban centres.

For example:

–  In 2019, 2,882 boat journeys and 384 plane rides were provided for the Besalampy site.

–  In Besakoa, after each rainy season, UNIMA maintains the only track (about 100km) that connects the village to Mahajanga (the provincial capital), which provides access to at least 4 communes (Mahajamba, Ambalabe, Bekobay and Andranoboka).

Access to basic essential items

UNIMA transports basic essential items free of charge from Mahajanga to all of its sites so that people in surrounding villages can benefit. In Besakoa, Moramba and Mifoko, associations have been created (under UNIMA’s leadership). They ensure that traders' profit margins are kept reasonable and thereby avoid inflation.

Access to medical care

In rural Madagascar, access to basic health care is often non-existent. Since its founding, UNIMA has been committed to finding solutions to this problem. It has created healthcare facilities for both its staff and local communities.

Clinics with doctors, midwives and nurses have been set up by the Group near all of its sites. Local people can also benefit from these services. If necessary, medical evacuations are organised. The effectiveness of this healthcare system was made clear during the cholera epidemic in Madagascar. UNIMA is also involved in AIDS prevention and, more recently, in managing the Covid-19 epidemic. UNIMA has built 10 clinics, 2 health centres and a public infirmary. In 2019, this network provided 26,000 consultations, more than 200 baby deliveries and 22 medical evacuations to major cities.

The clinic created in the village of Besakoa in 1996 is considered the best health facility in the region. It has 3 doctors, 3 midwives and a nurse, as well as a dental clinic. 1,500 people are treated there monthly; there are 8-10 births per month. There

POPULATION TRANSPORT BETWEEN THE BESALAMPY SITE AND THE CITY OF MAHAJANGA

were 12 medical evacuations in 2019. A Mother and Child Unit has been added to this clinic. Built in partnership with PICARD SURGELÉS, it opened in January 2022. UNIMA manages a medical supply system where medicines are distributed free or at cost to patients.

Solidarity with local populations

From the outset, UNIMA has mobilised in the face of natural disasters and epidemics that impact nearby communities. It always works in coordination with supervisory officials. In 1999, Madagascar suffered a cholera epidemic, particularly on the west coast. The Group immediately mobilised its human and financial resources to scale up preventive measures, health and hygiene and best practices. The company invited and welcomed humanitarian NGO Médecins Sans Frontières as experts in the medical field. This was very effective: no cases were detected in the entire Mahajamba area.

Emergency intervention by UNIMA teams: January 2020 floods

The heavy rains that hit north-western Madagascar over the course of several days in January 2020 caused the Mahajamba River to rise, causing devastating flooding in almost every village in the Mahajamba region. It was a national disaster.

The UNIMA Group responded immediately, mobilising its boats to rescue families trapped

by the rising waters. People were successfully evacuated. The company also sent emergency aid and supplies (rice, sugar, oil, drinking water, soap, candles, etc.) to affected populations. This quick and effective response saved many lives. This aid, together with donations from other partners and the Madagascan state, was delivered to remote areas from Mahajanga by a boat chartered by the company.

Food crops

To develop market gardening, UNIMA partnered with NGOs DIM and GREEN to provide market gardening training and development support to communities living near UNIMA sites. The aim is to enable farmers in these communities to access an additional source of income, and to supply UNIMA sites with fresh produce. UNIMA provided financial support for the initial investment phase, followed by the plots of land and water for the crops. Initiated in 2005, the project is now fully operational, and producers are autonomous.

Innovative and ecological construction

A traditional building technique in Madagascar is the use of clay bricks. Firing the bricks requires burning large quantities of wood and therefore generates massive deforestation.

Since 1998, the Unima Group has developed constructions using an ancestral technique based on "adobe": pressed (unfired) earth bricks. The soil is collected locally, limiting the use of transport, and is mechanically compacted, which avoids the use of fossil fuels. The carbon footprint of this natural and innovative construction technique for Madagascar is very low, and these bricks have multiple uses:

foundations, load-bearing and other walls, etc.

In addition to creating local jobs, bioclimatic buildings built by UNIMA also have humidity and temperature regulating properties that contribute to users’ thermal comfort.

ABOVE: PRESSED CLAY BRICK PRODUCTION AND STORAGE ON THE HATCHERY SITE

Elections

During elections in Madagascar, UNIMA helps Madagascar’s authorities transport ballot boxes by boat to regions where it operates (Mahajamba, Besalampy), due to the isolated nature of these two districts. The company also provides air transport for the judge, the member of Independent National Electoral Commission (Commission Electorale Nationale Indépendante, CENI) and the presidents of the Voting Materials Addition Section (Section de Recensement des Matériels de Vote, SRMV) whose mission is to supervise the smooth running of the elections.

Human rights and human security Security

Supplementary judgements

In Madagascar, 15% of children aged 0 and 5 years old are not registered at birth. The Madagascan State has launched a “supplementary judgement” birth certificate programme aimed at issuing birth certificates to unregistered children in Madagascar’s 119 Districts. As part of this retroactive birth registration programme, UNIMA's Community Development team organises a supplementary judgement campaign every four years in the municipality of Mahajamba, in collaboration with the Court of First Instance of Mahajanga and the District of Mahajanga II. 1,200 to 1,500 children in the Municipality of Mahajamba have been able to acquire birth certificates by supplementary judgements since 2010.

UNIMA has built a gendarmerie outpost in Besakoa to guarantee the security and safety of the local population. This has reduced the level of insecurity in the area, but has also allowed local economic activities to flourish. 12 gendarmes run the unit and can intervene in the village of Besakoa, peripheral villages and the municipality of Mahajamba’s main town.

MECHANIC ON THE MAHAJAMBA FARM

Education for all

The example of Besakoa

More than 10,000 children have received an education in the village of Besakoa (primary and secondary school). Public and private schools supported by UNIMA in Besakoa have a success rate in national examinations (CEPE and BEPC) that is significantly higher than the Madagascan average. UNIMA has helped finance the construction of schools and high schools, and pays the fees of the children of Zanatany5 Another private school has opened in the village, bringing the total number of students in Besakoa to 1,440 per year. More than 115 students have since graduated, with a pass rate of 74% in 2022. Every year, the three best baccalaureate students receive a scholarship. There have been 27 scholars, 12 of whom have completed their university studies. In response to the scale of need, the Group has involved its retail customers and consumers in its educational objectives for Madagascar. In 2010, it built the first (and only) rural high school in Madagascar in partnership with the INTERMARCHE Group. In 2012 a boarding house

was added to the high school. It has a capacity of 24 boarders (12 boys and 12 girls). To date, 20 boarders have come from other isolated communities. A community library was built in 2005. It is open to the entire village. It is managed in partnership with the Sacré-Cœur school, the Alliance Française and INTERMARCHÉ funds the book collection.

Other educational establishments

UNIMA has built 7 schools at its other locations. In total, 2,065 children attend school each year in all of the villages where the Group operates.

LEFT: GIRLS' BOARDING HOUSE AT BESAKOA HIGH SCHOOL

RIGHT: FOOTBALL MATCH AT BESAKOA HIGH SCHOOL

The UNIMA Group's actions cover all 17 SDGs6 defined by the UN7 —

In September 2015, the UN’s 193 member states adopted the 2030 Agenda for Sustainable Development, abbreviated to Agenda 2030. It is an agenda for people, for the planet, for prosperity and for peace. It includes the 17 goals of the 2030 Agenda. For the successful fulfilment of a SDG, it is essential to consider its relationship with each of the other 16 SDGs. Each SDG is directly or indirectly impacted by the others.

We understand that these 17 objectives have a very different reading depending on whether they are interpreted by a country in the North or a country in the South. In Madagascar, major efforts are required to tackle the very real problems that are poverty, health care access, food security and education.

1 | Remote area accessibility — Prioritising local products — Local employment and remuneration — Access to health care and education — Access to basic essential items (food security).

2 | Support for local agriculture — Farmer training — Agricultural equipment (drinking water) — Food crops — Basic essential item transport and price control.

3 | 10 clinics, 1 mother and child unit, 2 health centres and 1 public infirmary built by UNIMA — WASH/UNICEF programme for children — Control of Cholera epidemic in 2000 in partnership with MSF — Preventing/ controlling Covid-19 on all sites and surrounding villages — Access to medicine .

4  | 10,000+ children in school thanks to Unima — Best results in the region — Alliance Française partner library — National diplomas and higher education scholarships.

5  | Gender equality on UNIMA sites in France — Near gender equality in Madagascar: 41% of employees are women. This is closely related to local traditions, culture and religions.

6 | Access to drinking water for all — River pumping stations — Factory effluent treatment plant — WASH programme with UNICEF — Building latrines/washhouses.

7 | Diesel energy at production centres + Reducing boat consumption — Energy transition for high schools — Population access to energy.

8  | France: 45 jobs; Madagascar: 3,000 jobs — Good working conditions — 13,000+ people whose resources depend on UNIMA — 4% of the country's exports in value, and 0.6% of GDP.

13 | Low carbon policy since 1998 — 35% reduction in GHG emissions from 2008-2018 — Over 2.7 million trees planted since 1998.

9 | Developing a responsible fishing model (low density freshwater aquaculture) with GAPCM, UNIMA innovates by no longer taking broodstock from the wild. It is the only company in the world to breed its own broodstock for more than 19 generations — Energy transition efforts.

10 | Social inclusion and equal opportunities — School for all

14 | Responsible Fishing and Aquaculture — Quality: Label Rouge, Organic, ASC — Mangrove protection and planting — Approval in process for protected marine area in Moramba Bay

11 | Development and urban planning — Schools, health centres, drinking water — Security, remote area accessibility, transport, electricity — Sustainable construction.

15 | Mangrove protection plan with Blue Ventures — Endangered bird sanctuary — Biosecurity perimeter — Protection of the Mahajamba dry forest — Reforestation of 800ha of infertile land on the Masiloka peninsula.

16  | Financing gendarmerie posts — Creating town halls — Citizen representation — Logistical support for elections — Supplementary judgements

12  | Freshwater aquaculture model — Responsible fishing — Animal welfare (prohibited use of GMOs, pesticides and antibiotics) — Environmental protection (mangroves, forests, marine areas) — Selective sorting & incineration.

17 | WWF — Blue venture — Urcoopa — UNICEF — Distributor clients, etc.

Our CSR Commitments - 2026 04

Commitments

An independent study conducted in 2009 by the WWF showed that between 1992 and 2009, the UNIMA Group invested an average of 1.87% of turnover in its sustainable development activities.

Despite a difficult context, UNIMA invested 1.3% of its consolidated turnover in Madagascar in 2019. It must be emphasised that this would not have been achieved without the help of all of our partners, who represent 11% of this total amount. We cannot thank them enough.

MAHAJAMBA BAY DRY FOREST

Community and social policy

—

UNIMA will specifically support local communities in developing income-generating activities (IGAs) to improve quality of life while reducing human pressure on natural resources.

Potential projects include:

– A community-based component to our cashew plantation project, with the aim of entrusting part of the nut production to local villagers, with our technical support.

As a major project for the well-being of its teams, UNIMA intends to invest significantly over the next 5 years to improve the comfort of residences on the Group’s aquaculture sites.

The social policy scheduled over the next 5 years encompasses a number of areas:

– Everyday life (food production, community solar and gas electrification, small livestock, public infrastructure, etc.)

– Healthcare (clinics, Mother and Child Unit, etc.)

– Education (opening new classrooms, etc.)

Excluding possible subsidies from partners that represent consumers, UNIMA plans to invest €500,000 annually over the next 5 years in community development.

Operating costs, including amortization, amount to approximately €400,000 per year.

UNIMA's ambition is to strengthen its partnership with WWF and increase the number of joint actions in the field to achieve an even more decisive impact.

– Developing a new value chain based on producing juvenile crabs in hatcheries and growing them onsite, in close collaboration with local communities. These activities will include support in terms of governance in order to help more villagers organise themselves into Base Communities for greater autonomy. Other major actions include developing Protected Areas around the exceptional sites where we operate.

THE 10 UNIMA CLINICS PROVIDE MORE THAN 2,000 CONSULTATIONS PER MONTH AND ARE ACCESSIBLE TO ALL

Low carbon policy (2022-2026)

Reducing emissions

The 5-year low-carbon policy will focus on aquaculture and will initially focus on a direct emissions reduction programme: A 30% decrease in diesel consumption is expected over the period, through a combination of energy transition and energy efficiency. In the long term, we want to reduce this consumption by a total of 50%. An 86% reduction in refrigerant gas losses (Freon) is expected thanks to modernisation of installations. Feeding and transporting shrimp, using eco and reduced packaging (...) will also help reduce our carbon footprint during the entire lifecycle of our products.

This will reduce our carbon emissions from aquaculture by at least 18%, or 3.6% per year. This emissions reduction process is in line with the Paris Agreements (COP 21) and highlights the consistency in the Group's low carbon strategy.

Carbon sequestration schemes

The initial phase detailed above will be followed by creating more carbon sinks through reforestation programmes:

– 1, 100 ha of mangroves

– 300 ha of dry forest

– 1, 080 ha of cashew trees

Once again, we specify the supplementary and controlled nature of this sequestration, which makes it possible to claim that we are offsetting our emissions.

Our reforestation projects will be directly carried out by UNIMA teams on our sites, but will also include more comprehensive programmes involving local populations (traditional fishermen, etc.) and will focus on:

– Economy (reducing poverty...)

– Community (education, healthcare...)

– Environment (biodiversity preservation, creating carbon sinks, etc.)

Investment in carbon sinks will complement our efforts to reduce our carbon emissions from aquaculture. This will reduce the total carbon footprint of our aquaculture by 52%.

If we were to assess the offsetting by sequestration around the AQUALMA farm alone (perfectly legitimate from a historical and financial point of view as it is the Group's historical farm which has financed all of our sequestration efforts), we would see that in 2025, with our projected 3,000 tonnes of shrimp, our total carbon footprint would be offset by 80%. This is a remarkable and unprecedented achievement for a company and in the world of aquaculture.

AERIAL VIEW OF MANGROVE

Avoided emissions

The UNIMA Group's low-carbon policy also includes a large number of projects aimed at "avoiding" carbon emissions, usually outside the scope of its activities.

UNIMA will particularly focus on protecting primary forests and Mahajamba Bay preservation (more than 47,500 ha of mangroves).

Mostly used for coal production, these sites are vulnerable to deforestation. UNIMA intervenes in support of local populations, in close collaboration with the local authorities and sometimes in partnership with specialised NGOs such as Blue Ventures and the WWF.

CSR investments

In the end, our CSR and low-carbon policy for the next five years will involve millions of euros in investment and will result in operating expenses totalling 3% of our consolidated turnover. 1% will be devoted to social concerns, and 2% to our lowcarbon policy. The 3% ratio is a significant figure.

UNIMA ACTIVELY FIGHTS DEFORESTATION AND PRESERVES LEMURS’ NATURAL HABITAT

After fifty years of commitment to the environment, economic development and Madagascan society, we at UNIMA are happy to see how far we have come. Our passion for shrimp has always been sincere; it is a human adventure, one that sustains men and women, and that constantly creates new opportunities.

We are a group that builds for the future. We wants to leave a sustainable and supportive economic model for future generations. We are proof that this model exists, and that it can strengthen the links between Northern and Southern countries.

Producing with passion requires acting responsibly. We have always assumed our environmental responsibility. Around its sites, UNIMA participates in preserving biodiversity in partnership with:

– The State of Madagascar

– The development institutions of France, the EU and the World Bank

– NGOs such as UNICEF, the WWF, Blue Ventures, etc.

The reason our shrimp are so good for people is that they enjoy an environment that is unique in the world and protected from human activity. By choosing a gentler farming method and focusing on responsible fishing, in contrast to our competitor’s practices, we are preserving the richness of our island and the exceptional conditions we enjoy. Our farms lie in the middle of fragile and precious ecosystems, surrounded by mangroves: here, all of our actions are meaningful and useful.

We do everything within our power to limit our carbon footprint in order to guarantee a sustainable farming model and provide our consumers with healthy and sustainable food that does not harm the environment. In almost 20 years, our Group has reduced its GHG emissions by 35%. We intend to go even further by 2026.

To guarantee a sustainable model, we must also promise our consumers that the wealth we generate will be used for the sustainable development of Madagascar, a country that is experiencing major social and economic

difficulties. Our shrimp farming represents a unique opportunity for isolated regions. We work hand in hand with local communities to build a sustainable future, using all the resources at our disposal.

We are proud of how far we have come, but we look to the future with humility. As we strive to fulfil our social and environmental responsibility, we remain on a knife edge. We must act intelligently, and remain ceaselessly demanding. By 2026, we intend to strengthen our CSR actions. We want to go further in terms of sustainable development and solidarity economy. Our shrimp must remain a symbol of healthy, quality food that benefit everyone.

For the planet, and for humanity, we will remain faithful to the values that make UNIMA a passionate, tenacious and dedicated company.

More than ever, we are bound by our motto:

(Let's move forward together).

"Antsika Jiaby Miara-Mandroso"

Acronyms & Abbreviations

—

Acronym

GAPCM —

GMS—

SDG—

GMO —

ILO—

NGO—

UN—

PAP—

WWF —

Abreviations

Ha—

H

Groupement des Aquaculteurs et Pêcheurs de Crevettes de Madagascar (Grouping of Shrimp Aquaculture and Fishing Companies of Madagascar)

Grandes et Moyennes Surfaces (Hypermarkets and Supermarkets)

Sustainable Development Goals

Genetically Modified Organism

Internationale Labour Organization

Non-Governmental Organisation

United Nations

Processed Animal Proteins

World Wide Fund for nature

Hectares

Hours

Artistic Direction ©Les Semeurs

Photographs ©Pierrot Men (all photographs unless otherwise specified) / ©Toky Andriamisaina (pages 8 top, 53, 55)

Unima would like to thank Bertrand Couteaux for his contribution in drafting this report.

UNIMA in Mada: Centre d'affaires d'Alarobia ANTANANARIVO-101

Tél : +261 20 62 236 03

UNIMA in France: 11 bis rue Balzac, 75008 PARIS Tel: +33 01 490 870

/ ©Damien Grenon (page 6)