Susteinability Report 2017

Page 1

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 1


Contents Idex Letter from the President 2017 A year of innovation and recognitions

Act, Conserve, Engage Act Conserve Engage

About the Report

3 4 07 10 23 35 58

58 Interest Groups: Dialogue and Participation 59 Materiality Analysis

Subsequent events GRI Content Index

Appendix Organizations where Bunge participates

60 61 69 69

Preparation process of The 2017 Sustainability Report General Coordination Relations with the Community and CSR relaciones.comunidad.bsc@bunge.com Creativity, Design and Production: Voila Estudio | Rodrigo Dominguez rodrigo@voilaestudio.com Consultancy Crowe Horwath Collaboration Administration and Finance Food and Ingredients Quality Assurance and Control Purchase Department Communications Fertilizers Ethics and Global Compliance Legal & Corporate Affairs Manufacturing Safety, Health and Environment Human Resources

All Rights Reserved. Month of Issuance: August 2018

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Letter from the President Focused on safety, integration and efficiency.

In 2018 we celebrate 200 years of the founding of our company and 140 years of its establishment in Argentina. It has not been easy as a company which has overcome wars and expanded its boundaries to found a modern global company. Today Bunge is present in houses all over the world throughout the ever changing ages and time we continue to focus on the challenge of feeding a constantly growing world.

In order to better understand its history and celebrate these 200 years, we have compiled the development of our company from the beginning in a set of videos: For further information click on the link:

https://www.bunge.com/bicentennial/video-series

In 2017 there were new challenges to face, the Company required a configuration that enabled it to assure a business track record, be safer and more efficient globally. Thus, we started an integration process in the region: Argentina, Brazil, Chile, Paraguay and Uruguay seen and managed as a big unit, making up the region with the highest amount of employees and the highest grains volume traded by Bunge around the world. We have become Bunge South America in 2018.

In this context of new opportunities and changes that challenge us, our Company has decided to report the sustainability aspects and management that took place in 2017 for Bunge Southern Cone, which is currently made up by Argentina, Bolivia, Chile, Paraguay and Uruguay. This sustainability management is the successor to the one established in 2016 when we first reported under the GRI Standards; and in this process towards integration, the sustainability strategy is arranged globally upon the proposal: Act, Conserve, Engage. These changes that we accept and the new establishment as Bunge South America require a greater commitment while increasing accountability as a global actor. Together, we are more than 19000 workers and we know we can turn Bunge into a competitive, efficient, safe and sustainable company. In these 200 years we have met the food demands across the world, we know how to do it and we will keep doing this in the future.

RaĂşl Padilla President of Bunge South America

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A year of innovation and recognitions

Rewarded by Carrefour “Suppliers’ challenge for nutrition and well-being” The company received this award created by Carrefour Group to recognize suppliers who contribute more effectively to healthy eating. Bunge Southern Cone was selected in Argentina and received this award in Paris together with other 9 suppliers, for which we thank Carrefour and we strengthen our commitment to the wellbeing and healthy eating of the communities where we operate, contributing to improve their living standards.

Click on the link to watch the video.

https://www.youtube.com/watch?time_continue=2&v=vjYmrTcdSBk

General Electric awarded Ramallo Industrial Complex.

It received the Proof Not Promises award for reducing water consumption It awards teams that contribute to generate savings and improve productivity through innovation. Both companies have been working together on posing annual resource optimization objectives. On this occasion, one of the objectives was the reduction of water consumption recovering the effluent generated in the sand filters washing of the clarification plant, achieving a reduction of over 13,500 m3 of water consumption. Furthermore, the repowering of the plant of SPS or calcium single superphosphate reverse osmosis was conducted, thus, soft water from boilers was replaced, increasing its cycles of concentration. This improvement enabled the reduction of water, fuel and chemical consumption.

Mercer recognized Bunge

For its management and assistance to employees going into retirement age. The renowned Human Resources consulting firm praised Bunge Southern Cone for its focus on saving for the future and its assistance to employees at the time of retiring. Pension education decreases anxiety, encourages saving behaviors and prepares the employee for the long-awaited retirement.

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Global Portal

A unified Bunge, a single intranet. Bunge Global Portal is an internal communication channel aiming to make circulation of information more efficient among all employees across the world. Contents are easily viewed, generated, promoted and shared with the rest of the colleagues, which facilitates information and connectivity processes, brings peers together and it makes it possible to appreciate the employees’ day-to-day work.

Bunge increased its presence in the agrifood chain It acquired Aceitera Martinez S.A. goodwill.

As a result of this agreement, the Company incorporated facilities equipped with Italian and Japanese state-of-the-art technology with a monthly production capacity of nearly 20,000 tons around its three bottling lines. This acquisition reaffirms the decision of the Company to further incorporate value in all stages of the agroindustrial chain contributing to the connection between primary production and end consumer.

Bunge Southern Cone in the social networks

Launch of the company page in LinkedIn

The Company communicates with stakeholders, potential candidates or specialized public via LinkedIn according to the objectives of this network. Publications are varied and they focus on informing relevant aspects occurring in Bunge Southern Cone as well as highlighting organizational vacancies so as to enhance recruitment. For further information,click on the link.

https://www.linkedin.com/company/16298284/

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The Bar Association of Rosario acknowledged the Engagement Program This promotes labor inclusion of people with intellectual disabilities.

The Company received “Recognition for its long history and commitment to service regarding the interests of society”, partly for having conducted the Engagement Program for the labor inclusion of people with intellectual disabilities since 2013. During the award ceremony, Ana Basterra, an employee who joined the Company through the Engagement Program, was recognized as an example of labor inclusion and for promoting the rights of the disabled through her participation in a radio program.

Online Fertilizers Catalog Getting closer to our clients

Bunge’s Fertilizers area introduced its online branch, which offers its products and technical information portfolio, the result of years of research and development. Thanks to this technological challenge, farmers will be able to consult Bunge’s fertilizers catalog and contact their nearest distributor through their cell phone in a quick, easy and direct way. For further information, click on the link.

https://bit.ly/2v4CnvV

Nutrimax and MicroPhos A new fertilizer for the Argentinean and Paraguayan agricultural sector Nutrimax is a new line of special mixtures strengthened with zinc; MicroPhos is a mixture with Single Super Phosphate enriched with micronutrients and sulphur, all of which are produced in Ramallo Industrial Complex and supply farmers in both countries. By applying new technologies in fertilizers, Bunge occupies a position together with the highest quality fertilizers in the market, boosting crop yields and improving farmers’ profitability.

Safety Since 2014, Bunge has been promoting a global program of safety awards, which assesses two recognition categories based on performance shown during the previous year; their aim is to recognize teams and employees and identify and share the best practices in safety matters at a global level. In 2017, Bahía Blanca Terminal was selected as Best Plant1, while the Best Stop Work2 went to two employees of Tancacha Industrial Complex. They were Manuel Santo and Guillermo Ahumada.

1 Best Plant Award: recognizes those industrial or port facilities which stand out in safety and proactive activities carried out, focused on High Potential Exposures (HPEs) putting safety ahead of profits and productivity. 2 Best Stop Work Award: recognizes the person or team that has reported the best case in which a task was stopped for safety reasons.

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ACT CONSERVE ENGAGE

Act, Conserve and Engage 3: These three words describe Bunge’s sustainability philosophy and how it intends to face the challenge of producing for a growing world as sustainably as possible. “ACE” is supported by the Company’s Sustainability Policy.

Click on “Company’s Sustainability Policy” http://www.bungeargentina.com/en/node/30394

3 “ACE” strategy: Act, Conserve, Engage

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Interview with:

Stewart Lindsay,

Global Vice-President of Corporate Affairs

Bunge’s Sustainability philosophy is based on three pillars: Act, Conserve and Engage “ACE”. Can you describe the meaning of each?

SL Act, Conserve and Engage is a philosophy that in-

vites everyone in Bunge to adopt sustainable behaviors proactively and openly. There is no single answer to the challenges we face; nor can we can achieve our goals on our own. So when we speak of “Act”, we mean moving, even though the road may not be clearly marked. By “Conserve” we mean finding new ways of reducing our impacts - even when, at first sight, it appears there is nothing more to be done. Last but not least, “Engage” means to collaborate with other value chain participants and civil society.

The “ACE” model was first used globally in 2016. Which has been Bunge’s greatest achievement since then?

How does “ACE” influence the way Bunge does business? Which are the most important challenges that this sustainability philosophy must face?

SL In agribusiness, creating a more sustainable value

chain involves everyone, from farmer to consumer. Aligning all stakeholders around a common approach is not always easy. We want to see a rapid evolution but sometimes we must go slowly in order to go fast.

How does “ACE” influence the way Bunge does business?

SL The most significant influence of “ACE” is to make people move, take action and try out new ideas, even when success seems far off. How was “ACE” informed to the employees and

SL We have achieved many accomplishments. We have other stakeholders?

exceeded our environmental goals by reducing the absolute consumptions of CO2 and H2O by 4%. We have reached new traceability levels for our palm and soy products, we have launched and supported innovative data platforms, including bungecenterfield.com and agroideal.org, and we have made significant progress on alliances with civil society organizations in Southern Cone and around the world.

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SL Everything started with our global leadership. In

fact, this philosophy comes from them. We have incorporated it into our public communications, our messages from the CEO and through all internal communication channels in the Company.


Materiality On the basis of the business analysis and the stakeholders’ participation, Bunge Southern Cone determined the relative importance of the different economic, environmental and social aspects so as to define the material issues to be included in this report.

Materiality Matrix

Bunge Southern Cone focuses on the sustainability aspects that are most relevant to its interest groups and that have a greater impact on the business.

ACT 4. Ethics, conduct and regulatory compliance 7. Value chain 8. Quality of our products

CONSERVE 2. Climate change 3. Sustainable agriculture 5. Environmental management

ENGAGE 1. Well-being in the workplace: Working conditions, workers’ health and safety 6. Community development 9. Quality employment

Aligned with the global sustainability strategy of the Company, the material aspects are presented under the philosophy “ACE” - Act, Conserve, Engage – in order to clearly communicate what sustainability means to Bunge and how it fits into the business. Furthermore, correlations of each material aspect are presented with 5 of the Sustainable Development Goals proposed by the United Nations.

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ACT A Company on the move, even though de road may not be clearly marked

Net sales of U$D

3,6 M In

5 Countries of South America

200 years in the global business

And this is only the beginning 2105

Employees

16

Own Brands

More than

Constantly growing since 1884. Bunge Southern Cone is part of an integrated global company. It has a strong presence in the region with operations throughout the whole agribusiness chain, commodities, fertilizers, biodiesel, food and ingredients and animal nutrition.

5,9

million of tons crushed

The strategy is to position Bunge More than

Southern Cone as

million of ton shipped

an efficient food and ingredients

8,9

supplier that is able to meet the growing demands through sustainable business practices.

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Products Agribusiness for a global market Grains and Oilseeds Wheat, sunflower, corn, soy, safflower, sorghum, barley Industrial Products High-protein meals, refined and crude oils, inputs for food and chemical industries

Vegetable By-products Lecithin, glycerin, fatty acids, neutral/refined oils, proteins, crude oils. Chemical By-products Industrial ammonia, ammonia refrigeration, industrial prilled urea, urea solution 20%N, photo grade TSA.

Fertilizers to maximize regional agricultural production Nitrogen fertilizers SolMIX, SolUAN, prilled urea, granular urea. Phosphate fertilizers Calcium single superphosphate, diammonium phosphate, monoammonium phosphate, StartMix, calcium triple superphosphate.

Sulfur fertilizers Ammonium P-S complex, SolMIX, ammonium sulfate, gypsum. NPKS Mixtures NPK RICE, NPK for Fruit trees and Horticulture, NPK Yerba and Tea.

In-house manufactured brands of fertilizers

Food and Ingredients for local and global consumers • Refined oils in bulk and bottled Food Brands • Crude glycerin • Refined glycerin USP grade • Soy lecithin • Polished, , long slender grain, white rice 0000 and 00000 quality • Long slender brown rice (Brown Rice) • Long wide rice 00000 • Parboiled long slender rice • Wheat flour, special flours and flours under specifications • Oleines • Animal nutrition Hi-pro Soybean meal (47%), Lowpro soybean meal (44%), soybean hull pellet, soybean pellet with 42% of Protein, whole grain sunflower pellet, safflower pellet, distiller’s dry grains with soluble (DDGS).

Others Liquid reducing agent of nitrogen oxides

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BUNGE SOUTHERN CONE Integrated operations throughout the region 3

4 6

6

9

7

15 14

3

5

10

5

Industrial Operations Argentina:

8

G

4

A San Jerónimo Sud

E

A

D

B

B Puerto General San Martín

C Ramallo D Tancacha

2 1 2

C

F

7

8

Lecithin Manufacturing Plant Argentina:

11 1

13 12

A San Jerónimo Sud

B Puerto General San Martín

Oil Bottling Plant Argentina: D Tancacha

Planta de Envasado de Aceites Argentina: A San Jerónimo Sud

Rice Mill Argentina: E E. Cayastá

Fertilizers Production Argentina: C Ramallo F Campana

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G Puerto General San Martín


Commercial Offices

PORT TERMINALS

Argentina 1 2

Rosario Buenos Aires

5 6

Bolivia 3 4

Paraguay

1

TERMINAL BAHÍA BLANCA - Buenos Aires

Hernandarias

2

GUIDE - Santa Fe

Asunción

3

DOS FRONTERAS - Paraguay COUNTRY ELEVATORS AND WAREHOUSES

Uruguay

Santa Cruz de la Sierra

7

Montevideo

Chile

8

Agritrade

Santiago de Chile

4

PIQUETE CABADO - Salta

5

BANDERA - Santiago del Estero

6

DELFÍN GALLO - Tucumán

7

LAS CEJAS - Tucumán

8

GENERAL PAZ - Córdoba

9

GENERAL PINEDO - Chaco

10

AVIA TERAI - Chaco

11

GRUMBEIN - Buenos Aires

12

QUEQUÉN - Buenos Aires

13

AMÉRICA - Buenos Aires

14

CURUGUATY - Paraguay

15

CRUCE GUARANY - Paraguay

To find out more about the production capacity of our Industrial Complexes or the storage capacity of all our facilities: Click on the link http://www.bungeargentina.com/es/instalaciones

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Corporate Information Bunge Southern Cone conducts its activities mainly through subsidiary companies of Bunge Limited based in White Plains, New York, the United States. Bunge Limited is a public company listed on the New York Stock Exchange (NYSE:BG). The present report encompasses Bunge Southern Cone’s main operations in the following 5 countries:

ARGENTINA Through Bunge Argentina, Fertimport SA, Terminal Bahía Blanca SA and Terminal de Fertilizantes Argentinos SA (regarding the latter 2, Bunge holds the majority of share capital).

BOLIVIA Through Agroindustrias Bunge Bolivia SA.

Bunge Southern Cone is not a commercial corporation in particular but a group of companies voluntarily associated for logistics and strategic reasons. Therefore, there are no consolidated financial statements for Bunge Southern Cone but the partnerships within the present report are consolidated in Bunge Limited. It is important to remark that the Company has holdings in other businesses that have their own sustainability strategies and sustainability management, which are managed independently and are not included in this report. Specific aspects regarding the Company’s economic and financial information are published throughout the report for the purpose of relating the economic performance with the social and environmental performance and thus enabling triple accountability. For further information, please visit:

Para mayor información: https://www.bunge.com/2017ar.pdf

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CHILE Through Bunge Chile S.p.A.

PARAGUAY Through Bunge Paraguay S.A.

URUGUAY Through Bunge Uruguay Agronegocios S.A., Bunge Agritrade S.A. and Bunge Montevideo S.A.

Corporate Governance The set of principles and standards that regulate the design, integration and the operation of the Company’s governing bodies are based on ethics, good governance, transparency and compliance with regulations. Each of these components plays a key role in integrating sustainability into the global strategy and its value chain.

Bunge Southern Cone develops its activities in compliance with the applicable regulations. In

2017

There were no significant breaches of the existing regulations.


Ethics, conduct and regulatory compliance The management approach is based on transparency of the information Bunge Southern Cone publicly discloses its management through sustainability reports according to the international guidelines established by the Global Reporting Initiative (GRI) The Code of Conduct, Blue Book, Style, Mission and Values and the most relevant policies are available in the web site. Informative publications are available at: bungeargentina.com/es/ciudadania-responsable/reportes-de-sustentabilidad

2009

2017

Bunge’s strategy

COMPROMISO CON LA SEGURIDAD

BEST PRACTICES

GLOBAL PRESENCE

APPROPRIATE BALANCE

SUSTAINABILITY

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Our Values

Integrity

Team Work

Responsible Citizenship

Entrepreneurial Spirit

Transparency and Trust

Values, principles, standards, ways of doing business and code of conduct are integrated in all the available public material. These documents do not cover all the possible situations that may arise but they do provide the general framework and the way of turning to or acting upon any doubt or irregular situation. For further information, click here. https://www.bungeargentina.com/es/nosotros/estilo-mision-valores

For further information, click here. https://www.bunge.com/bluebook/#/The-Bunge-Blue-Book

Ethics everywhere Always. For further information, click here. http://www.bungeargentina.com/es/nosotros/codigo-de-conducta More public documents http://issuu.com/bungeargentina/docs/pol__tica_de_sustentabilidad?e=3728281/39150806 http://www.bungeargentina.com/en/node/30394

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Employees are encouraged to express any concerns about ethical issues that they may have through the Ethics and Compliance free and direct line4, which is available 24 hours or through the web site in Spanish.(www.bunge.alertline.com). Both are completely anonymous and confidential channels managed by an independent third party. The role of the Global Ethics and Compliance (“GEC�) is to handle any kind of information received through these channels and according to our Code of Conduct, no reprisals whatsoever are accepted against an employee who has reported a concern in good faith. Non-compliance claims of the Code of Conduct are thoroughly and immediately investigated; disciplinary and other remedial actions are taken as applicable.

For further information, click here. secure.ethicspoint.com/domain/media/es/gui/43218/index.html

GEC: Management Areas Fraud and Ethical risk assessment: annual survey aimed at key positions that identify the risks inherent to the business. The results generate a risk map that indicates key areas and situations to mitigate impacts.

Conflicts of interest: All employees with an email address are trained and certified with regards to the Code of Conduct on an annual and mandatory basis. A conflict of interest is defined and illustrated during the training and a sworn statement is required in case anyone finds themselves involved in a conflict of interest situation or in an apparent conflict of interest situation. Furthermore, the corresponding statement form is available to all employees all year round.

Anti-Corruption Policy: It addresses cases of corruption with public entities and donation cases, among others. In addition to performing the annual mandatory online training and certification, there is an on-site training in all sites of the region in order to keep employees alert about the risks of corruption and remind them of the basic and necessary items of compliance with the Code of Conduct.

Indicators: 3 large areas of risks within Bunge Southern Cone have been identified according to the annual assessment: 1) Expropriation of the Company’s assets, 2) Risks in the Purchase Department 3) Internal and/or external fraud regarding information technology risks. - In 2017, 100% of the employees received online training in the Code of Conduct. - In 6 workplaces on-site training activities were conducted regarding corrupt practices, anti-corruption policies and regulatory compliance. - No breaches of and/or non-compliance with the Code of Conduct were observed in 2017.

4 All Bunge Southern Cone direct lines: Argentina: 0800-444-6696 / Paraguay: 008-11-800, then dial 888-691-0773 / Uruguay 000-410, then dial 888-691-0773 / Bolivia 800-101-110, then dial 800-101-111 + 888-691-0773 5 The 3 identified corruption risk areas, according to the local controls of the Sarbanes Oxley Law (SOX) reach 100% of operations with impacts on accounting statements.

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Southern Cone Executive Committee The economic, environmental, social and safety decisions of Bunge Southern Cone are made through its Executive Committee, which was composed as follows until 2017.

Commercial Vice President

President & CEO

Vice President

Fertilizers Directors

Administration & Finance Director

Executive Committee

Origination Director

Human Resources, Communication & CSR Director

Food & Ingredients Director

Legal, Insurance and Government Affairs Manager

Supply & Logistics Director

Manufacturing Director

Institutional Relations Director

Selecting and Compensating members The selection process of the members of the Board of Directors consists of assessments regarding their potential, performance and professional background; the candidates’ experience in the promotion and management of economic, safety, environmental and social issues is considered as well. The Compensation Policy, applicable across the Company, defines the remuneration of the members of the Executive Committee. The process to determine the remuneration consists of a job post evaluation depending on the Hay Method6 adopted by Bunge Southern Cone so as to later determine the relative importance of the position within the organization. By obtaining an objective measurement of the importance of the job and its place within the

organizational structure, the internal equity of the remuneration is assured and an external benchmarking in the market can be made. Apart from the equity factor, the remuneration consists of the individual and personal contributions to the role, which are reflected in the results of their personal performance determined through the Company’s Performance Assessment Program. Remuneration related to individual performance and performance within the company are analyzed, managed and approved by the Global Compensation Committee.7

6 Developed by Hay Group, a global management consulting firm. 7 For further information: https://www.bunge.com/investors/compensation-committee-charter

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Value Chain

BUSINES UNITS Origination

Agribusiness

Logistics and Supply

Clients and Suppliers

Marketing and Distribution

Clients and Consumers

Fertilizers

Manufacture

Through the process Risk Management Operational Efficiency Innovation

I+D Sustainability

Bunge’s value chain starts in the field. Although Bunge does not have productive operations there, agriculture is the largest source of raw materials and it builds dynamic and long lasting relations with farmers and other actors along the chain. Bunge Southern Cone’s operations cover three business segments: Agribusiness

Food & Ingredients

Fertilizers

The Agribusiness segment processed 5,969,000 tons of soybean, sunflower and safflower and shipped 9,465,000 tons of soybean meal and oil, wheat, corn, soy beans, barley, sunflower oil and meal, among others. In this way the Company manages to link farmers with international markets. These products are also traded to animal nutrition farmers for non-food uses, such as the plastics industry and the biodiesel production. The Food & Ingredients business unit specializes in edible vegetable oils, bulk or packaged rice and flour, which are sold to other food processors or sold on shelves for the end consumers. Both segments, Agribusiness and Food & Ingredients are closely coordinated as they use the same logistics system. Thanks to the Research area, Bunge Southern Cone was able to strengthen its product portfolio by estimating the available stocks.

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Lastly, the Fertilizers segment sells this product to farmers in the Southern Cone. A wide range of fertilizers with nitrogen, phosphorus and potassium, which ensure the necessary nutrients for a good harvest, is manufactured, mixed and distributed through our operations in Argentina. The Fertilizers segment is a strategic pillar of the business, which is supplemented by the Agribusiness operations.

98%

In Bunge Southern Cone of its non productive purchases8 belong to local suppliers9 comprising the region where it operates: Argentina, Bolivia, Chile, Paraguay and Uruguay.

Healthy Food We produce food such as whole grains and healthy oils which contribute to the basic nutrition of people.

Nutritious food supports health, which is at the core of the well-being and development of humanity. Grains and vegetable oils account for more than 50 of the calories available in the current global agroindustrial chain.

Compromiso con nuestros clientes de Alimentos e Ingredientes Bunge certificó SEDEX Se trata de una certificación propuesta por la plataforma global SEDEX, que habilita la comercialización de nuestros productos a clientes de 1° nivel. Alcanzar este estándar para el segmento de Alimentos e Ingredientes, significa estar alineados a una cadena de valor transparente, que respeta el libre empleo, atiende a la seguridad e higiene de los colaboradores, cuida el medio ambiente y asegura las buenas prácticas comerciales. Con una vigencia de dos años, el Complejo Industrial San Jerónimo Sud adquiere así su segunda certificación posicionando a Bunge a la vanguardia de los nuevos requerimientos de sustentabilidad propuestos para la agroindustria. SEDEX, o según sus siglas en inglés, Supplier Ethical Data Exchange, es una organización sin fines de lucro creada para asegurar el compromiso de desempeñarse de manera ética a lo largo de todas las cadenas de valor. Esta organización, a través de su auditoría SMETA (SEDEX Members Ethical Trade Audit), permite acercar compradores sustentables a vendedores sustentables, con el fin de generar relaciones comerciales éticas y productos seguros e inocuos destinados a mercados globales cada vez más diversificados y exigentes.

This source of nutrition is the key to reach the global goals proposed by the Sustainable Development Goals of the United Nations. This declaration includes all efforts to relieve world hunger, reach food safety and improve nutrition by 2030.

8 Suppliers of non productive purchases: they supply Bunge with products and services that contribute to or support the productive system directly or indirectly. 9 Local suppliers: those who add value to the products and services within the limits of each of the countries where the Company operates.

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In order to reach these global goals, Bunge develops its food safety policy committing to manufacture and commercialize safe products for their intended use. For this purpose, it continually develops, maintains, communicates and improves Food Safety Systems aligned with clients’ demands, legal and regulatory requirements and the Company’s policies.

Current Certifications Site

Process

HACCP

GMP B2

GMP B3

FSSC KOSHER 22000

HALAL

Crushing Puerto General San Martín

Refining Lecithing Olein Crushing

San Jerónimo Sud

Refining Packaging

Tancacha Ramallo

Crushing Lecithing Crushing

Commercial Offices

Buenos Aires, Montevideo, Hernandarias and Agritrade

GMP B2/B310 Requirements of the production for animal feed, hence defining a system that ensures food quality and safety across the food chain.

Trading

HACCP11 It is a preventive systematic process to ensure food safety in a logic and objective way aiming to prevent contamination risks of products at a physical, chemical and biological level along all processes of the supply chain and ensuring safety.

FSSC 2200012

KOSHER

HALAL

Food safety scheme approved by the Global Food Safety Initiative (GFSI). This scheme outlines the ISO 22000ISO/TC 22002-1 and 22002-4 standard requirements. It is one of the most demanding schemes in the global market.

Except for rice, food produced in Bunge Southern Cone complies with the precepts of the Jewish law.

Tancacha and Ramallo industrial complexes, Puerto General San Martín and San Jerónimo Sud comply with the requirements of the Islamic law.

10 The acronym GMP stands for Good Manufacture Practices. 11 HACCP stands for Hazard Analysis and Critical Control Points. 12 FSCC stands for Food Safety System Certification.

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In 2017 Bunge acquired the vegetable oil bottling plant in San JerĂłnimo Sud and certifies the food safety scheme according to FSSC 22000 standard. Furthermore, it performed the management of change in RNE, the transfer of RNPA and it developed the label inspection.

100%

of meals, pellets, oleines and lecithin manufactured in our own plants are certified under the GMPB2/B3 food safety.

100% of edible

lecithin (Tancacha) is certified under HACCP (Codex alimentaruius)

100% of the production and bottling of refined vegetable oils are certified under the FSSC 22000 food safety scheme.

Work is being carried out regarding the development of refined oils with added Vitamin A and DHA for the premium lines of our own brands.

There is no record of incidents that could have impacted on the consumers’ health.

13

The Company reaffirms leadership and renews its commitment as a sustainable food products and energy supplier, always accompanying the farmer, the local consumers and the increasingly global demand. 13 RNE: (Registro Nacional de Establecimientos (National Business Registry) RNPA: Registro Nacional de Productos Alimenticios (National Food Products Registry)

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CONSERVE Bunge participates in the creation of value chains of the 21st Century and moves forward in the environmental performance of its own operations. According to data published by the United Nations, the average global temperature has increased 0.85 degree Celsius in the last 200 years. This means that for each degree that the temperature increases, grains production is reduced by 5%. Furthermore, global Carbon emissions (CO2) have increased almost 50% since 1990, being the largest emissions increase between 2000 and 201014. Acting and adopting measures to mitigate climate change is urgent.

A healthy environment is good for everyone. The responsibility for the environment is greater than Bunge. Bunge has a Global Environmental Policy in place with a plan to mitigate climate change. This is a 10-year-plan and it represents an important challenge and commitment. This means exceeding all reduction objectives reached so far, not only through investment but also through creativity. Because having more efficient operations in place is cost-saving, this efficiency impacts on the value chain making it more sustainable as well as on the communities that benefit from the environmental care.

The environmentals goals set as of 2017 are:

14 Source: http://www.un.org/sustainabledevelopment/es/climate-change-2/

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Major Indicators WATER Total water consuption (m3) Water consumption per ton produced (m3/t)

2016

2017

5.739.982,5

6.032.693,87

1,179

1,276

Per source [m3]

2017

Water extracted from superficial sources

1.710.093

Water extracted from underground sources

4.315.462,87

Water extracted from power supply system

7.138

0,1% Water Supply

Objetive

< 1,061

Water from public system Water from

28,3% superficial system Water from

71,5% underground sources

DIRECT AND INDIRECT TOTAL EMISSION OF GREENHOUSE GAS EMISSIONS PER WEIGHT15

2016

2017

CO2 direct emissions (metric tons)

318.133

323.008

CO2 indirect emissions (metric tons)

125.593

122.611

Total emissions

443.726

445.619

91,11

94,26

Emissions per ton produced (kgCO2/tons)

15 No greenhouse gas offsets were made

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Objetive < 82


Environmental Management In order to achieve efficient environmental management, investments in the environment amounted to U$S4.630.000 in 2017. In 2017 Bunge maintained the ISO 14.001:2015 certification in San Jerónimo Sud Industrial Complex, which focuses on aspects regarding the life cycle analysis15b , environmental risk management and improved environmental performance. In this way, environmental impacts derived from productive activities are mitigated based on the identification and management of the environmental risks. Waste management by type and treatment method in tons and percentages. Special Waste

2016

2017

Special waste - Incineration

48,3

38,9

Special waste – Landfarming

115,2

61,5

Special waste - Security Landfill

733,8

279,0

10,3

11,9

Special waste – Reuse

135,0

197,4

Total of Special Waste

1042,6

588,7

Special waste – Recycling

15b Life cycle analysis: it is a design tool that researches and assesses the environmental impacts of a product or service at all stages of their life; extraction, production, distribution, use and end of life, recovery and disposal of residues/waste.

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Waste Management

22%

28%

78%

72%

Sustainable Management Non Sustainable Management

2016

2017

Recycling programs carried out with civil society organizations: Empty Container management program together with Campo Limpio

Since 2013, Bunge and its partner Asociaciรณn Civil Campo Limpio from Uruguay have been recycling containers and obsolete stocks of plant protection products (pesticides and fertilizers), which were used for agricultural production and are no longer useful for the holder.

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Campo Limpio proposes strategies to minimize impacts through stocks control, the implementation of return mechanisms and awareness campaigns to promote the appropriate use of plant protection products. Campo Limpio gathers 100% of the industry. Currently, Uruguay has a system of collection and final disposal of agricultural containers that positions the sector at the forefront of risk prevention and environmental care issues at both local and international level..

Bunge has joined Campo Limpio’s management plan by providing information about the program in its distribution channels, training its workers in an appropriate environmental management of their products and participating actively in circulating information about reception and recycling centers.

In 2017 Campo Limpio recycled 314 tons of plastic, 48% more than in 2016.

Silo Bag: Rural Plastic Waste Recycling Program

Together with Siclo Rural, a certified B company leader in the collection of disused plastic material from Argentinean fields.

We have achieved a significat reduction of our impacts with a total of 528.030 kg. of plastic recycled since the beginning of our joint work.

Kg of silo bags recycled per year

181700 155960 108200 82160

2014

2015

2016

2017

I Recycle: Vegetable oils recycling program Since 2013, Bunge and Fundación FIEM together with various actors from the communities of San Jerónimo Sud and Puerto General San Martín have carried out the Vegetable Oils Recycling Program. This program raises awareness on the fact that vegetable oil becomes a waste after being used for cooking food; through sustainable management by means of an industrial process it can be turned into second-generation biodiesel16. 16 Second-generation biodiesels are biomass products from production processwaste, household waste or farming crops that cannot be used to supply food demand.

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For this purpose, Bunge has used vegetable oils collection centers at strategic locations within the communities. This facilitates the appropriate disposal of oils which will be later delivered to the corresponding recycling centers.

I Recycle in Offices Bags, plastic bottle caps and all kinds of plastic are collected and sorted out by the workers in Buenos Aires Offices. This waste is recycled and with funds obtained from its sale as raw material for other purposes, Bunge collaborates with Fundación Reciduca. The Foundation grants scholarships to young people at high risk of school dropout in order to help them finish their high school studies. Since its launch in 2016, 450 kg of plastic material have been collected and recycled.

Environmental Accidents: On January 30 2017, 800 liters of crude vegetable soy oil were accidentally spilled in the Paraná river. The rupture of the pump bellows took place in the early hours causing the outflow of oil towards the containment sector of production daily tanks where the oil remained, this situation was within the estimates of the company for such events. The incident started with a clogging between the mirror and the body of the drain valve of the containment where a crude oil leak was caused towards the north

stormwater channel of our industrial complex in Puerto General San Martín and then heading towards the Paraná river water through the runoff. The Spills Response and Contention plan of the Company approved by the Argentine Coast Guard (known in Spanish as PNA) was immediately activated, the certified supplier CleanSea Company was notified and it started the response tasks together with PNA while Bunge’s internal emergency brigade, which is specially trained for this, performed the contention, repair and collection on the ground.

Response tasks on January 30 and 31 mainly consisted of:

On the water stream

Placement of barriers and absorbent sheets under the walkway of Pampa dock.

Placement of barriers downstream in the south dolphin of Dempa dock.

Placement of barriers in the mouth of San Lorenzo stream from which the material was later removed by means of an atmospheric truck.

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On the land:

Cleaning tasks on shores.

Cleanup of soil of the ParanĂĄ river banks.

Internal areas of the industrial complex that required attention to continue normal operation. It is important to clarify that all the liquid collected by the atmospheric trucks was sent to the safety pools of our industrial complex, which are designed to perform the separation of the oil/ water mixture and from which the contained oil can be later recovered. The absorbent material used in the cleaning tasks and the land that were soaked in vegetable soybean oil were collected in containers and sent for final disposal.

Under no circumstances did the Company engage in questionable conduct or omissions that may harm the environment since all the industrial complexes have the necessary measures in place to prevent environmental damage. Furthermore, the Company also has the infrastructure and appropriate preparation to respond immediately to such incidents and, in this particular case, it was able to clean the spill in less than 12 hours.

Sustainable Agriculture Creating value chains of the 21st century, deforestation-free, respecting the rights of the communities and enhancing traceability and transparency. In 2015, Bunge publicly disclosed its Global Non Deforestation Policy committing to: Eliminate deforestation from its agricultural supply17 chains at a global level by using proven methodologies that incorporate carbon and biodiversity protection. Respect the rights of the local and indigenous communities applying prior and informed consent for the acquisition and use of land Improve the traceability and transparency of the key supply chains over time.

Publicly disclose progress in our efforts.

Bunge considers that these commitments are concerns shared with all the value chain and the community as a whole. No actor is important enough to bring about change on their own. The solution requires working groups with the participation of all the actors involved and actions that are coordinated and agreed upon. 17 Bunge’s supply chains include both direct purchases to farmers and third parties.

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Bunge’s objective at a global level is to eliminate deforestation in its supply chains until reaching full compliance between 2020 and 2025. Bunge started with this process by disclosing its Global Non Deforestation Policy among clients, farmers and specific interest groups.

PFor further information, click here. http://www.bungeargentina.com/es/consulta-de-operaciones/principales-politicas

Bunge Cono Sur

Bunge reinforces its commitment with the agroindutrial chain. You are invited to know about the strategies, actions and goals developed along the last term in the Non-Deforestation Policy framework.

NON-DEFORESTATION POLICY

GRAINS AND OILSEEDS - UPDATE #3 SEPTEMBER 2017

CREATION OF DEFORESTATION-FREE VALUE CHAINS BY RESPECTING THE RIGHTS OF THE COMMUNITIES AND ENHANCING TRACEABILITY AND TRANSPARENCY.

300 Likes

Advances and progress in the subject were updated through the company’s page and social networks for a wider dissemination to new audiences. Furthermore, Bunge increased its presence in the Sustainability Committee of the business representative Chambers. More than 6.000 integrated fields and regions of Argentina, Brazil and Paraguay were monitored by third parties in order to identify the presence of deforestation in the value chain. This is a two-stage monitoring process:

1

Indentify and deforestation cases from the defined images as baselines.

2

If deforestation has occurred, it is necessary to reassess the relevant locations to verify if it is soybean crop.

Bunge monitors three types of areas:

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An important innovation introduced in 2017 was the territorial intelligence tool called Agroideal.org. The launch of this free software for suitable decision-making that fosters sustainable agricultural expansion for the production of soybean in South America was boosted by Bunge, The Nature Conservancy and a coalition of more than 15 companies, Civil Society Organizations and governmental entities. Currently, the tool covers the whole Cerrado (in Brazil), its updates planned for 2018 will extend coverage to Chaco (Argentinean and Paraguayan).

Lastly, the highest global levels of the Company started to contact investors and potential partners to develop incentive programs to encourage and reward farmers who avoid deforestation and intensify agricultural production in the lands available for such purpose. Bunge Southern Cone together with The Nature Conservancy The Nature Conservancy or TNC is one of the leading international organizations in the conservation of nature and promotion of sustainable development. Bunge Southern Cone collaborates with the projects that TNC has carried out since 2015 and has contributed to the “Lands� strategy since 2016.

The general loss of fertile soil is a reality for the farmers of the southwest of Buenos Aires in Argentina; this has been recognized by a provincial law, which requires a differentiated planning for the region. Technical studies at a provincial and regional level show adverse trends in variables such as carbon phosphorous content and organic matter in the soil and the loss of biodiversity. In this context, a decrease in productivity is recorded, mainly in crops like wheat.

Achievements in

Given that situation, solutions that have the scale and level of effect so as to reverse the losses of natural capital and ecosystem services were identified and designed. The work group focused on the development of a Regenerative Investment Model in Natural Capital. The assumption is that with a change of practices towards sustainable production methods, the soil condition will improve, productivity will increase and consequently farmers and the society as a whole will benefit economically.

2017

Baseline definition with soil and environment health indicators, which were introduced by the Ministry of Environment and Sustainable Development of Argentina.

Creation of a control panel to foster sustainable agricultural practices.

12.000 hectares and 25 production sites were diagnosed.

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Acuerdos de Crecimiento Sostenible o Green Growth Compact Collaboration for Forests and Agriculture It is a five-year trinational program (Brazil, Paraguay and Argentina), funded by Fundación Moore to ensure innovative transparency and financial mechanisms through agreements with leading companies, which ensures the supply of grains and meat from deforestation-free areas.

Achievements in

2017 Agreement with INTA (National Agricultural Technology Institute) for the MapBiomas initiative for the automated mapping of the soil use change since 1986.

Agreement with Fundación ProYungas for the development of Agroideal.org with initial phase in Chaco province, Argentina.

Sustainable Growth Agreements or Green Growth Compact It is a pre-competitive effort in two commodities value chains selected because of the impact that the soil use change generates in the environment, meat and sugar cane in Chaco. Furthermore, it is a trinational initiative with activities in Colombia (Meta department), Brazil (state of Pará) and Argentina (Salta and Jujuy provinces). Fundación ProYungas in coordination with TNC provides support in the first development stage conducting the situational analysis and mapping of the key public and private actors in both value chains.

Remote images and production background studies will start in 2018 aiming to separate the Chaco region of both provinces according to the conservation potential and agricultural-livestock use. This will enable the recognition of the territory according to production capacity (including aspects of the restoration of degraded areas) with models indicating possible production increases and the relaxation of the pressure caused by the advancing agricultural frontier over the remaining forest areas. The study will be conducted by The Ecology and Forest Restoration Laboratory of the University ofSao Paulo.

Biodiversity Prevention and remedial actions regarding biodiversity impacts that Bunge Southern Cone hassupported together with TNC have been marked by approaching protected or restored areas that are not necessarily related to the Company’s activities or operations but respond to a wider conservation objective. In Patagonia, the actions comprise about 45.000 hectares in Fortín Chacabuco (southwest of Neuquén province) and 40.000 hectares in Cabeza de Vaca (southeast of Río Negro province, in close proximity to Meseta de Somuncura). The first property comprises a steppe grassland habitat and ecotone environment with temperate forest where relic cypress copses of the mountain chain stand out. In the second property there is also steppe grassland although in this case it is more related to the type of Mount that crosses in diagonal and the north of Patagonia from northwest to southeast.

Consultation regarding sustainable agricultural production has been provided by a consultancy firm for four years. It performs regular evaluations of the grassland, determines the stocking density and assesses the grazing effects. Furthermore, the fields are visited by several scientists that conduct studies that TNC uses to assess the impact on the fauna, grassland, cypress copses and the wetland meadows. As regards Cabeza de Vaca, the conservation easement was established in June 2017 and in April 2018, an independent professional will be in charge of starting the tasks to develop the management plan.

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As regards SOBA (southwest of Buenos Aires) the linebase was performed in 25 properties covering approximately 12,000 hectares in four departments of the Province. All of this together with information gathered in the experimental fields of INTA18 and the Center of Renewable Resources of the Arid Areas19. Although the projects are at an early stage, in the case of Fortín Chacabuco the data collected in association with the participating institutions show that environments are not deteriorating by the livestock activity and the conservation targets are still feasible in the medium and long term. In Fortín Chacabuco and Cabeza de Vaca the initial base studies were carried out through the Planning for the Conservation of Areas (known in Spanish as PCA) scheme, which consists of a

series of successive steps to assess the properties, identify conservation targets and know the development pressures that may affect them, evaluate the feasibility and propose strategies to resolve the pressures and ensure the long-term continuation of the wild populations in good condition. In addition, in Fortín Chacabuco the GRASS standard is used in order to ensure that the grazing pressure does not exceed the thresholds recommended by the base studies. The GRASS or other similar standard will be applied in Cabeza de Vaca when the management plan has finished. In the SOBA and other regions, the standards, methodologies and assumptions used are varied and the application of many of them is prior to the start of the project.

All biodiversity preservation and restoration projects developed by TNC have partnerships with well known third parties, such as: INTA, Fundación Solidaridad and Fundación ProYungas and joint work with Fundación Vida Silvestre Argentina.

18 INTA: National Institute of Agricultural Technology 19 CERZOS – CONICET of Bahía Blanca: National Council for Scientific and Technical Research

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Bunge Agrofiles So as to exceed the yield limits, Bunge presents “Bunge’s Proposal” (Propuesta Bunge) to the general public. It is the opening of the results of more than 10 years of research in different crops of our country. This action aims to bridge the gap between the usual yields in the agricultural sector and the achievable ones with high levels of fertilization. In order to allow a faster reading of the results, they were summarized in Agrofiles and classified by crop, area and research line. They show that the productivity in the Pampas region increased by achieving a balance of soil nutrients through appropriate fertilization. On average, a 14% or 0,5 tons per hectare increase was achieved in the yield. This rate is based on a total of 48 tests that represent a 30% increase compared to the previous campaign.

Number of tests

Farmer´s yield (kg/ha)

Proposal yield (kg/ha)

Response Kg/ha (%)

Northeast of La Pampa Córodoba

12

3.460

3.742

282 (8%)

North of Buenos Aires South of Santa Fe

10

3.845

4.499

654 (17%)

West central Buenos Aires

19

3.793

4.395

602 (16%)

Southeast of Buenos Aires

53

.693

4.129

506 (14%)

Southwest of Buenos Aires

21

.427

1.703

276 (19%)

Total / Average

48

3.605

4.113

509 (14%)

AREA

Agrofiles in first person For further information, click here. https://www.youtube.com/watch?v=4HITTBL-Xzs&feature=youtu.be

For further information, click here. https://www.youtube.com/watch?v=nYD0x02lK8A&feature=youtu.be

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ENGAGE Active collaboration with other participants of the value chain and civil society

Well-being in the workplace: Employees’ Working Conditions, Health and Safety In safety issues, the objective is to reach and maintain the Zero Incident Culture: eliminate all work related injuries and illnesses by controlling highest potential risk activities and fostering safety performance excellence. Bunge strongly believes that through everyone’s compromise and participation goals can be achieved. In order to maintain a safe environment, we systematically address a management that covers various types of activities, from audits and inspections to check different safety issues to recognitions, committee meetings, events and promotion campaigns. Furthermore, the Industrial Safety, Environment and Sustainability local teams participate and interact permanently with the global teams so as to achieve alignment and join efforts with the other Bunge regions across the world.

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Global Safety Campaign: Stand For Safety20 Since 2005 more than 90% of fatal accidents in Bunge across the world have been caused by five high potential exposures or HPEs21: Due to the occurrence of these events, Bunge has been working with these 5 HPEs since 2014 through an awareness and risk prevention program called Stand for Safety. In 2017, the safety commitment was strengthened through the implementation of phase 4 of the global campaign, which promotes the following principles: STOP. THINK. PROTECT. and the early or proactive HPEs detection with practical tools for workers and leaders.

25 new safety talks were added to the web that manages the program: evacuation in case of fire, health care, defensive driving, and safety in offices, among others. These talks are added to the 50 that were previously published in the virtual library; supervisors were invited to train workers in these new talks. Compliance was recorded through the Progress Control System, as done in the previous year. In addition, a new functionality in the web called “Toolbox Talk Creator” was created; this online tool enables the workers across the world to elaborate customized talks with their own information, issues, ideas, experiences and pictures. When a new Safety Talk is added, other users can view it, edit it or share it, which is a way of enriching Bunge’s talk library.

20 Stand for Safety is the name of the main safety awareness and occupational health program. 21 HPEs, High Potential Exposures.

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Furthermore, posters of “Decisive Moments” (Momentos Decisivos) were shared. They focus on each worker’s role regarding the safety of all the people who are working. We always face times when our decisions make the difference; for instance, following the appropriate procedures, giving our attention to exposures and double checking the working conditions. That is what “Decisive Moments” is all about, critical moments we must recognize to apply the concept of STOP. THINK. PROTECT. in order to prevent incidents.

Study of Global Safety Culture The pace of an expanding safety culture The first Study of Bunge’s Safety Culture was conducted in 2016-2017 together with the Center for Research & Public Policy of the USA. Surveys were carried out among 1.200 workers, contractors and leaders randomly selected across the world. 250 workers and first line supervisors expressed their opinions in focus groups sessions in 13 sites of all the regions. The following results, data and main actions were obtained:

High safety awareness

People who know the procedures and safety measures.

Exposure approach is becoming ingrained

95% of the people agree that dangers, exposures and risks in Bunge may be really serious. At least 90% remembers the 4 or 5 HPEs principles.

99%

My supervisor presents safety information effectively

92%

97% 98%

94%

94% People who prioritize safety against profits and production.

My supervisor is concerned about safety.

93%

People who know the communications and safety messages.

People who know how to use Stop, Think, Protect.

Leaders are taking the first step

My supervisor sets a good example and is committed to safety.

92%

94%

90%

91% Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 37


High safety awareness

Exposure approach is becoming ingrained

Leaders are taking the first step

People who do not know enough to feel they control their safety.

My supervisor does not tackle safety problems informed by workers.

4%

13%

43%

People who believe they need their supervisor’s approval to stop work.

My supervisor never or hardly ever talks about safety.

However, the percentage of people who remember “Mobile Equipments” is low. The percentage of people who remember the 5 HPEs should be 100%.

8% People who do not remember Bunge’s Stop Work message

16% My supervisor does not acknowledge the workers’ safety contributions.

23%

12% Leaders set the guidelines of our safety culture.

Refusing to stop work may cause HPEs related incidents.

Failure to recognize the HPEs may put workers at risk.

Clarify and strengthen the Stop Work message.

Intensify efforts to control and recognize the HPEs.

Foster an active and visible safety leadership at all levels.

Safety Proactive Indicator The follow-up of safety productive indicators is performed; they represent the effort made by the organization to prevent undesirable near misses. Given their preventive nature, the proactive indicators are the most appropriate from the management’s point of view as they compare the performance against the set standards and they allow the detection of strengths and weaknesses of the ongoing management. The safety proactive indicators and their respective monthly goals are:

Training hours is Heath and Safety

1 hour-training a month per employee from all areas

Number of training hours of Emergency Brigades

1,5 hour a month per Brigade

Number of 10-minute take delivered by middle management and supervisors

2-10 minute talks a month per member of middle management or supervisor

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Implementation of risk warmings (detection of substandard or out of standard conditions).

100% fullfilled

Compliance with preventive and remedial action plans derived from investigations of past accidents.

100% fullfilled

Number of task behavioral observations.

4 observations by middle management or supervisor a month

Number of meetings held by the internal Committees for Prevention of Accidents

1 meeting a month

These seven indicators are combined in a final formula and they make up the Safety Proactive Indicator, whose ideal score is 1 (maximum condition), the higher it is, the better; and the maximum condition is reached when the goal of each indicator is 100% fulfilled.

0,92 0,91 0,9

0,86

In spite of all the efforts made to improve the Company’s safety performance over the last years, in 2017 Bunge recorded a fatal incident in its operations due to behavioral issues. This prompted Bunge to reinforce its safety strategy and review the leadership’s role in promoting safe behavior across the organization. Committed and conscientious individuals are essential for the sustainable implementation of the zero incident culture that ensures people a safe and healthy return to their families at the end of a work day. Within the safety strategies implemented to prevent the repetition of fatalities, the Global Safety Team together with the Industrial Complex established corrective actions for global implementation, elaborated from a general perspective.

That is to say, Bunge’s sites across the world that had fatality-related risks present, complied with actions that enable the prevention of similar events. Furthermore, since 2013 Bunge has had a global procedure of safety communications in place, which is called “stand down”; during the procedure local leaders communicate the incident information and follow-up actions to all levels of workers.

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Bunge Southern Cone recognized by IAE Business School The traditional celebrations of “Family Safety Day” were recognized by IAE Business School which acknowledged them in its book “Hacia una Responsabilidad Compartida: Familia, Empresa y Sociedad” (Towards a shared responsibility: Family, Company and Society) as a good practice to be told and replicated. Said book was published by Centro Walmart de Conciliación Familia y Empresa of that university and coordinated by two renowned researchers in Corporate Family Responsibility: Patricia Debeljuh and María Elena Ordoñez y Revuelta.

In 2017, 6 “Family Safety Day” events were held in country elevators, industrial complexes and port terminals in Argentina and Paraguay. 740 people participated. Internal Committees for Incident Prevention and Joint Committee for Safety and Health - Joint Committee Since 1999, the Internal Committee for Incident Prevention (known in Spanish as C.I.P.A.) and/or Joint Committee for Safety and Health (known in Spanish as C.C.S.S.) have been working. Both committees have meetings on a monthly basis and their follow-up is performed through the safety proactive indicator. Such committees receive concerns and suggestions from workers regarding health and safety, detect the areas in need of preventive actions and suggest the best execution methods. In addition, they foster workers’ participation in the prevention and execution initiatives, collaborate in the development of area procedures and standards, facilitate its transmission and monitor the effectiveness

of its implementation, and assist in research and analysis of incidents and near misses, among other activities. These committees are voluntary and they are represented in all the industrial complexes and country elevators of Bunge, Argentina. 100% of the workers within the agreement working in the industrial complexes of the Santa Fe province reached by Act N°12.913 and Buenos Aires, by Act N°14.408 are represented by the Joint Committees of Occupational Health and Safety.

Employment and Human Rights

Bunge Southern Cone’s management considers it is vital to respect human rights, children and teenagers’ right not to work, the creation of sources of employment, continuing training and education as well as the sustainability of equal and quality employment practices.

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Respect for rights, inclusion and diversity as the basis of decent, quality and sustainable employment

Equal Employment Practices:

Bunge has a Global Labor Policy in place, which establishes a clear stand on its commitment to conduct equal employment practices. Respect for workers’ rights, particularly the freedom to association while complying with all applicable laws regarding remuneration and working hours in every place where Bunge operates can be found among the most relevant items in the Policy. Furthermore, Bunge expects its trade partners and suppliers to adhere to these principles by not accepting business relations with suppliers that deliberately use child labor or exploitation or forced labor or prohibited in any form whatsoever.

Global Labor Policy Bunge is committed to maintain a safe and healthy working environment for its workers. The Company requires its operations and workers to comply with all applicable laws, standards and regulations of the countries where it operates. Bunge’s workers must also comply with the corporate policies including the Code of Conduct and the principles contained in this Global Labor Policy. In addition, Bunge expects its subcontractors and suppliers to comply with this policy and the laws that protect its workers. This is shared with all stakeholders through Bunge Southern Cone’s web pages. Bunge reserves the right to take any action it deems necessary, including the termination of employment and/or contractual relationships with third parties in case of non compliance with this Global Labor Policy or laws, standards or regulations.

Forced Labor Bunge will not use forced labor whether in the form of prison labor, slave labor, debt bondage or any other form. Child Labor Bunge will only hire workers who meet local minimum age requirements for the job and under no circumstance will it hire people under 14. In case there are learning programs or similar programs they must be implemented in accordance with all applicable local laws and regulations.

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Harassment and Abuse Bunge will provide a workplace where all workers are treated with dignity and respect. The Company will not tolerate any form of harassment or abuse. Non Discrimination Employment-related decisions in Bunge will be made on the basis of skills and competences required to perform the job. Health and Safety Bunge will maintain a safe and healthy work environment in compliance with all applicable local laws and regulations. Bunge’s workers will also comply with them and with the global safety policies of the Company. Freedom of Association and Right to Collective Bargaining Bunge will respect the right to freedom of association and collective bargaining. Wages, Benefits and Working Hours Bunge will comply with all the wages and compensation requirements as defined by applicable local laws and regulations for standard, overtime, maximum working hours and other compensation and benefit aspects. Employees working regular hours are entitled to at least one day off in every seven-day period, except as required to meet extra business needs.

Environment Bunge will comply with all applicable environmental laws, standards and regulations. Employees will also comply with the Company’s Global Environmental Policy. Relationships with Suppliers Bunge’s Suppliers shall ensure that:

1

Their operations and those of their subcontractors and suppliers comply with Bunge’s Global Labor Policy.

2

Any housing that they or their subcontractors or suppliers provide their employees ensures a safe and healthy living environment.

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Equal Opportunities: Diversity and Inclusion Statement of Purpose: Bunge links the field to the homes across the world. We are 35,000 employees in 40 countries whose cultures, languages and origins sustain our future. Being a diverse and multicultural team is part of our DNA and a conscious choice. We aspire to be an inclusive Company where every employee feels valued and respected. We are confident that by creating this culture we will encourage engagement, promote our entrepreneurial spirit and foster transparency and trust, which are the key to our growth and prosperity.

In order to support the organizational growth strategy, the Company must attract and retain the best talents and this, in turn, requires increasingly diverse and inclusive work environments. Bunge’s diversity management encompasses all policies and practices aimed at generating participation scenarios that address the needs and include the wide variety of actors with whom the organization interacts.

To commemorate International Women´s Day and under the slogan #Bunge Vale #Ella Vale (#Bunge Values #She Values), we called on all employees to recognize those female employees who represent the Company´s corporate values. Five women from Argentina, Uruguay and Paraguay were selected in order to raise visibility of talent and women´s contributions to achieve the organizational objectives.

Labor inclusion for intellectually disabled people: Engagement Program In 2013, Bunge Southern Cone launched its Engagement Program, which ensures the effective labor inclusion of intellectually disabled people by applying the methodology “Employment with Support”. Since its implementation, 11 disabled people have been included in this program and 9 of them are still in their positions.

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Because of its modality and method of implementation, the Engagement Program allows a geographic expansion, in this way, it is carried out in 6 sites of Argentina, Uruguay and Paraguay. In order to achieve the inclusion objectives,

Bunge Southern Cone is supported and advised by Asociación Down Uruguay, Asociación de Síndrome de Down de la República Argentina (ASDRA), Fundación Saraki and Asociación para el Desarrollo de la Educación Especial y la Integración (ADEEI).

Our main awareness and dissemination actions in 2017:

In Asunción: First Engagement Program with the participation of all the employees of the commercial offices in Paraguay In Montevideo: Second Engagement Program, relaunching and reinforcement of the basis of the program. In San Lorenzo: Together with “Traveling Parents” of ASDRA, the Engagement Program was presented in the Chamber of Commerce, Industry and Services of San Lorenzo and neighboring area. In Rosario: The Bar Association of Rosario acknowledged the Engagement Program. In the Capital city: Participation as speakers in Emprenderse Seminar and interview in the Public Television program: “Desde la Vida”. For further information, click here. https://www.youtube.com/watch?v=yDO6AIWrgZU&t=84s

Quality employment Our main management indicators

Total Staff men

women

89% Male staff 99% work full time 1876 on indefinite-term contracts

turn over rate

new recruit terms

11% Female staff 96% work full time 228 on indefinite-term contracts 1 on fixed-term contract

non-pay scale employees

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on collective bargaining agreements


Employees per country

2

Employees per collective bargaining agreement

43

FOOD 2

62 1.996

The pay structure of the general Company is constantly monitored every 6 months in all Southern Cone countries considering fluctuations caused by inflation and market surveys. This monitoring practice allows the detection and correction of any pay gap that may arise.

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 45


Quality employment

The mission of the area is to attract, develop and enhance human capital, consolidating a highly motivating work environment that ensures alignment, commitment and achievement of corporate objectives as well as the personal objectives of each and every employee. Actions and training programs for employees that enable them to achieve an optimum performance to accompany the growing evolution of businesses are proposed every year.

and providing favorable work environments for creativity and active exploration of new ideas so as to carry out initiatives that may add value to the company. The investment in training, development and performance sustains the employability of every Company’s employee.

Furthermore, employees are accompanied in their self-development process by managing performance

Our value proposal.

Recognition to keep growing

Opportunities for growth

Being part of Bunge´s team

Performance Assessment Program Multifeedback Assessment Individual Development Plans

Business Cases Getting to know our Company Development in Managment Program Bunge Finance Academy Language Training Program Special Projects Invited Auditors Program Contructive Feedback Calibration Leadership Development Executive Coaching and International Assigments

Trainee Program “Bring a Buddy” Global and Internal Job Postings

46 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


Average training hours per year per employee

Work

2017

Diversity & Inclusion

2016

Amount of training programsto

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 47


Performance assessment and career development review - Percentage of employees

2017 2016 2015 2014 0%

20%

40%

60%

80%

100%

In 2017, 14 internal promotions and 22 relocations to different sites of the Company took place.

Driving global talent

Foreign Assignment Program

64

International Movements in Bunge Southern Cone since 2010

48 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards

120%


Community Development Since Bunge is committed to responsible citizenship, it conducts a management of its core “community development” reaching all sites of Bunge Southern Cone. Together with outstanding organizations of the civil society and various public entities, we generate spaces for dialogue, converge into a shared vision and carry out the proposed programs. Among them, we can mention Bunge’s participation in the Social Responsibility Commissions of the Chamber of Oilseed Industry of the Argentine Republic (known in Spanish as CIARA), the Chamber of Commerce, Industry and Services of San Lorenzo and its neighboring area and the Paraguayan Chamber of Grains and Oilseeds Processors (known in Spanish as CAPPRO), among others.

Since 2017, Bunge has actively participated in the Sustainability Committee of the Paraguayan Chamber of Grains and Oilseeds Processors. The Committee comprises important companies of the sector and has various objectives, among them, drawing up a common agenda for activities that accompany the Sustainable Development Objectives proposed by the United Nations and generating proposals and actions to prevent deforestation in the Paraguayan Chaco towards a more sustainable agriculture.

Education Bunge Southern Cone presented a new edition of “Bunge Award to Academic Excellence” aimed at stimulating the generation of social investment tools that enhance community development and differentiate outstanding young people in different educational levels. This time and with the purpose of celebrating 10 years since the beginning of this award, Bunge organized a special edition with a new proposal that reinforces its commitment

to the education of children, adolescents and youth. Young college or university students or graduates were invited to present their ideas or projects with social, economic or environmental impact for the locations in Partido de Ramallo (Buenos Aires province), Tancacha (Córdoba province), Puerto General San Martín (Santa Fe), San Jerónimo Sud (Santa Fe) and Curuguaty (Paraguay).

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 49


Escuela Rural del Siglo XXI In 2016 and 2017, Bunge supported the program 21st Century Rural School, an educational project managed by Fundación e.dúcate Uruguay, with the participation of Reaching U. It is focused on the strengthening of the educational offers of the rural communities of the department of Soriano. As a result, 12 rural schools, 219 boys and girls and 19 teachers and directors from the department of Soriano benefited from this program. It promotes a learning space with teachers in faceto-face workshops, online courses, pedagogical kits, materials used in class and the integration of new technologies, bringing multimedia technologies closer to the classes. For further information about this educational project, its importance and impacts: click here https://www.youtube.com/watch?v=e-9AQ-y30Vc

The educational quality of the rural schools is one of the most challenged in Uruguay, 6 out of 10 rural schools are classified as adverse sociocultural context, being the academic results the lowest in these contexts.

Promoting reading Together with Fundación Leer, in 2017 we participated in two of their main annual campaigns: “Read 20-20. The Challenge” and “Reading Marathon” As part of Reading 20-20 The Challenge, we delivered 42 backpacks with 1260 new books and reading newspapers that enabled book access to 1493 children across all schools of pre-primary and primary levels in Bandera, Santiago del Estero and Piquete Cabado in Salta. The campaign’s goal was to increase the amount of books that children read a year and the frequency of reading situations both at school and at home. Furthermore, we invited all the children of the Company’s employees to access the digital platform desafío.leer. org, in order for the little ones (from 0 to 12) to be able to read 20 or more digital children’s books a year. To be part of this campaign, adults eager to have fun and instill the reading habit and internet access are required. Meanwhile, the 2018 Reading Marathon took place in September and Bunge donated 6 Reading corners made up of 200 books each to 3 educational institutions of Ingeniero White, Buenos Aires province and to other 3 in Delfín Gallo and Las Cejas in Tucumán province.

50 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards

In 2017, together with Fundación Leer, Bunge donated 2.460 books in 5 locations in Argentina.


More scholarships for nursing students Since 2011, Bunge and Fundación Bunge y Born have granted scholarships to study Nursing in the city of Rosario (Argentina) in order to reinforce its commitment to education, health and the local community. The scholarships are awarded to 2°and 3°year students who follow a career as Nursing Technician in Instituto Superior Particular Incorporado (ISPI) “Garibaldi” and in Cruz Roja Filial Rosario. The Evaluation Committee, which was made up of professionals in the field and members of the Foundation, was in charge of the selection of the winners. The variables under consideration were the academic performance of the future professional, their socioeconomic profile and the vocational commitment with the subject area. Since the beginning of this program, 180 scholarships have been awarded.

Post-Doctoral Scholarships Since 2010, Bunge has accompanied the Post-doctoral Scholarships of Fundación Bunge y Born, which today have reached 160 young scientists who benefited and were granted scholarships in the most diverse scientific fields developed in the most important research centers of the country.

Educational Leaders Together with Fundación Córdoba Mejora, the “Formación de Líderes Educativos” program (Educational Leaders Development) took place in Tancacha, Argentina. It is based on a mentoring methodology in which corporate volunteers accompany high-school principals for 3 years to develop managerial, planning, leadership skills as well as fostering pedagogical innovation and linking school-company-community.

Logistics Operations Course This course, which was held in 2013, 2015, 2016 and 2017, trained almost 200 youths from the cities of San Lorenzo, Puerto General San Martín and Timbúes, Argentina. It was coordinated by Organización de la Sociedad Civil Proyecto Educativo Cuatro Vientos, Austral University, Chamber of Oilseed Industry of the Argentine Republic, Chamber of Port and Maritime Activities and Commercial Private Ports and the main agribusiness companies of the country, Bunge among them, which provided their support. This course grants scholarships to youths to learn about processes and logistics operations. The municipalities of San Lorenzo and Puerto General San Martín and the township of Timbúes sponsored and collaborated with its general organization.

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 51


Health and Healthy Eating This work has been carried out for three years by Bunge and Fundación Bunge y Born in Avia Terai, Chaco, it is aimed at eliminating domestic and peridomestic infestations of Triatoma Infestans, the main vector responsible for transmitting Chagas disease, known as vinchuca22 or chicha23 and eliminating the burden in inhabitants through diagnosis and treatment of the causes of the disease among local residents. In this context, the “Avia Terai with no Chagas” team worked throughout 2017 in the urban and rural areas with the purpose of raising more community awareness of the prevention and treatment of Chagas disease for a likely transfer of the monitoring system that prevents and controls the disease. After three years of the start of the intervention program targeted to Chagas, substantial progress was achieved regarding the degree of control of the vector, diagnosis of human infection, implementation of educational interventions and the way to address the problem of Chagas disease in the local community with a view to achieving sustained and effective monitoring. Main results obtained between 12 and 16 months after the intervention: Decreased infestation caused by Triatoma infestans:

from 43% to 15% from 21% to 12% from 14% to 3%

in rural households in peri-urban households in urban households

The 77% of Triatomines caught show high resistance to insecticides. The lack of effectiveness may be due to high frequency of rainfall in 2016/2017 (El Niño phenomenon) and the use of plastic tarpaulin (silo bags) in household structures, which reduces insecticide penetration.

1.107 people were infested by Trypanosome cruci24 Between

3 and 6% were children under 15

A 15,4% of the population presented human infection prevalence after having received pertinent treatments. Avia Terai with no Chagas is possible thanks to the coordination and team work of the Eco-Epidemiology Laboratory of UBA and CONICET and “Ezequiel Paulino Morante” Municipal Hospital in cooperation with the Chagas Control Programs of the Nation and of Chaco, which ensure the address to the disease in the area.

Avia Terai with no Chagas was declared to be of social, health and educational interest by the Honorable Municipal Council of Avia Terai. At the same time, each educational institution of the town received a flag as recognition of commitment and work done for Avia Terai with no Chagas. 22 Common name in Argentina, Bolivia, Chile and Uruguay 23 Name in Paraguay 24 A 15,4% of the population presented human infection prevalence after having received pertinent treatments.

52 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


Learning to Eat in Kinder Learning to Eat in Kinder was the proposal that Bunge, Fundación Bunge y Born and Centro de Estudios de Políticas y Economía de la Alimentación (CEPEA) implemented in Jardín de Infantes N°57 in conjunctions with the Municipality of Puerto General San Martín. The program finished in November 2017 by participating and cooking in the streets together with grandparents as cooks, teachers, mothers, fathers and mainly pupils. So as to bring the program to an end, each boy and girl received a “motion kit” comprising a hoop, a ball, a rope and a Frisbee to promote physical activity.

After the work done by the teachers and nutritionists, water appears as the main hydration resource and the fruits andvegetables intake pattern now reaches a daily frequency.

The program, which had started in 2015, came to an end with outstanding results. Healthy snacks, a community farm close to the Municipal Greenhouse and a traveling recipe book completed with the children’s favorite recipes were implemented. On the other hand, the children received several visits of Supersaludable, a fictional character who encourages children to eat healthily and do physical activity. Among the main findings of this program we can highlight the following: children have a positive attitude towards nutritional care and the majority of the children have a family member who cooks for them.

Nutritional Good Practices Observatory

Bunge and Fundación Bunge y Born have supported the research conducted since 2010 by CEPEA25, led by Sergio Britos, Bachelor in Nutrition. The research, which explores the way Argentineans eat, reflects the gap between the real national diet and the ideal healthy diet of a typical family, it monitors the evolution of said gap, makes recommendations to improve the diet and determines its monthly cost. In 2017, two publications were made: a regular publication by CEPEA on “Nutritional Profiles and Food Front Labeling” and an academic article in DIAETA Magazine on “Nutritional Profiles. Definitions and current situation of the topic in Argentina.” Both publications make reference to the reduction in key nutrients in food and nutritional profile systems, topics which are now part of the discussion tables and which have received government, legislative and academic-professional treatment.

25 Nutrition Economy and Policies Center

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 53


Social Investment

Lighting Lives: renewable energy for indigenous communities Since the end of 2015, Bunge and Fundación Paraguaya have developed the project Lighting Lives, which aims at improving the living standards of 100 families from the departments of Curuguaty and Concepción in Paraguay. The project consisted of the application of “Poverty Stoplight”, a methodology that aims at the multidimensional eradication of poverty and the definition of a poverty map made by the families so that a clear plan to overcome it can be later implemented. 100 families in 4 communities of indigenous people were selected according to their conditions of extreme poverty. The communities that benefited were:

ÑandeYvyPavê, Horqueta, Concepción - 12 familiess Jeguahaty, Horqueta, Concepción - 29 families Takuaro, San Juan Nepomuceno - 38 families Ybytymy, Caazapá - 21 families For 18 months and hundreds of kilometers traveled, a multisectorial group of experts, technicians and members of the community worked together to install solar panel kits in homes, schools and meeting and recreation places. These communities did not have electric energy and their daily activities were limited to daylight hours. Now, many of them have energy supply at home and in their lives for the first time.

This is a sustainable and environmentally-friendly project, it helps families to feel safe and protected from animals and insects that attack at night, it improves social life and family activities during the evening and night and it reduces the chances of migrations to town centers since it allows more development opportunities in their own land and where they belong.

For further information, click here. https://www.youtube.com/watch?v=utJ3Mx6dlSA https://www.youtube.com/watch?v=SJT8uQ-wZZo

Lighting Lives is a social responsibility program supported by our Global Non-Deforestation Policy, which claims the company’s commitment to respect the rights of the local communities and indigenous people regarding the collective or individual land tenure and their prior informed consent for the acquisition and use of land that they have traditionally occupied26.

26 Nutrition Economy and Policies Center

54 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


Corporate Volunteering

“Productive Chain, Educational Links” was developed together with the Chamber of Commerce, Industry and Services of San Lorenzo and its neighboring area in which corporate volunteers participated for the tenth consecutive year. Native trees plantation in schools of the Industrial Area of San Lorenzo to celebrate the 10 years of the Productive Chain. The volunteers visited Escuela N° 6.033 “Gobernadores Cullen” of Puerto General San Martín and the trees were planted together with 7th grade students.

For further information, click here. https://www.facebook.com/camarasanlorenzo/videos/512336052482432/

“Donate books: create dreams in children of rural schools”, a proposal of Fundación e.dúcate Uruguay and Reaching U as part of the 21st Century Rural Schools program. The volunteers donated 200 renovated books and they wrote texts dedicated to the children who received them.

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 55


Donations Donations and social investments that the Company made in Bunge Southern Cone in 2017 amounted to U$D793.532,13. The details of the budgetary allocation by field and by country are as follow: Donation Investment Area

Health

47% Community

Education

5%

37%

Enviroment

11%

Destination of Donations by country

Uruguay

3,54%

Paraguay

0,44% Argentina

95,58% Bolivia

0,44%

56 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


Committed to a happy childhood The right that all children, adolescents have to education, to rest and leisure, to play and recreational activities, the right to receive special care, to have a physical, mental, spiritual, moral and social development, the right to be contained by family members are the base for the development of all programs and actions that the Company implements in this framework. To assure that these rights are not infringed, Bunge has a Global Labor Policy in place that ensures the protection of these rights. Furthermore, in 2016 Argentina joined the Company Network against Child Labor, a public-private sector articulation space at the request of the Ministry of Labor, Employment and social Security and the National Commission for the Eradication of Child Labor (CONAETI).

In 2017, Bunge supported the “Social Projects Contest” to contribute to the progressive eradication of child labor in Argentina; it was fostered by the Network Sub commission of Intervention, being Asociación Civil Nuevo Horizonte of Misiones the winner of said contest. The objective of the winning program is to promote the exercise of the rights of children who are socially vulnerable by promoting education as a tool against child labor an establishing alliances with institutions. The types of child labor addressed are urban and domestic in the city of Posadas and rural and domestic in the town of Oberá. While the focal point of intervention is: social protection

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 57


About the Reporte Preparation process Materiality Analysis The definition of the contents to be included in this report was based on the materiality analysis conducted for the development of Bunge Southern Cone Sustainability Report 2016. More information on said process can be found on pages 73 and 74 of the Report: For further information, click here. http://issuu.com/bungeargentina/docs/reporte_de_sustentabilidad_bcs_2016?e=3728281/51515973

Materiality Analysis 2016

Review of material topics by the Relationships with the Community Area

Validation by the Board of Directors

The following is a detailed explanation of the material topics identified, where they impact and the limitations that the organization may have to exert external influence. No changes regarding the topics previously addressed. Topic Well-being in the workplace: Working, health and safety conditions of the workers

GRI material aspect

Internal impact

External impact

Limitations to exert external impacts

Occupational health and safety

High

Medium

Can only influence and control

Healthy and affordable food

-

Medium

Management is limited to products delivery

Climate change

Energy/Greenhouse Gas Emissions (GHE)/ Water

Medium

Low

Environmental management

Effluents and waste

Medium

-

-

-

Medium

Low

The commitment of society is positive and increases impact

Local communities

High

Medium

High impact can be achieved through joint work

Value chain

Acquisition practices

Medium

High

Can only influence and control

Quality jobs

Diversity and equality of opportunities / Employment/ Training and education

Medium

Medium

Ethics, conduct and regulatory compliance

Anti-corruption / Regulatory and socioeconomic compliance

High

Low

Quality of our products

Sustainable agriculture

Community development

58 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards

Dependence on the volume of operation

Can only influence industry and facilities in a limited way Can only influence and control


Stakeholders: dialogue and participation The selection of stakeholders is based on both proximity and relevance criteria. The link with interest groups is related to: Bunge Southern Cone’s businesses and operations in each site, the communities near its locations and those stakeholders that directly impact on the organization both internally and externally. Furthermore, other interest groups have been considered within the dialogue mechanisms because they generate issues of strategic impact due to their interaction with the Company. The main stakeholders are grouped into:

How do we keep a conversation?

ON Line Surveys Entrevistas en profundidad Dialogue Tables Face to face meetings, by telephone or emial contact

Shareholders Corporate Citizenship Competitors Corporation Public Authorities and Government

Clients and Consumers

stakeholders

Employees Business Groups Suppliers and Contractors

5

Coutries

For further information, click here. http://www.bungeargentina.com/sites/all/themes/bnge/docs/grupos_de_interes_2017.pdf

It is noteworthy that the Company maintains an active link with various“think tanks�, that is to say, institutions devoted to the development of public policies regarding both the industry and business general interest by participating not only as a partner but also as a member of their Steering Committees. In 2016, the monetary value of the contributions to the think tanks amounted to U$D263.070.34.

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 59


Subsequent Events In September 2017, Bunge Limited announced a wide Global Competitiveness Program whose objective is to increase efficiency, improve costs and provide greater value to shareholders. The Program will streamline Bunge’s cost structure and will redesign the way of operating by reducing overhead costs by approximately U$D 250M once the program is fully implemented. These savings add to the ones generated through the current industrial productivity program. In order to achieve cost savings, Bunge adopted a zero-base budget process focusing on specific category costs, it simplified and will keep simplifying the organizational structure by adjusting processes and consolidating administrative functions at a global level so as to improve efficiency and scalability.

Bunge South America On January 1st, a new structure was implemented in Bunge, businesses were divided according to regions and the previous model of divisions by operations was left behind. Now, North America, South America and Europe/Asia make up the new three operational regions supported by global, centralized corporate functions, such as Finance, HHRR, Legal & Corporate Affairs and the Agribusiness and Food & Ingredients segments. Bunge South America integrates Argentina, Brazil, Chile, Paraguay and Uruguay27 activities. This new structure aims at simplifying organization, supporting the company’s imprint at a global level and enhancing the focus on the client to foster growth. Since that date, Raúl Padilla has been the new President of Bunge South America and of the Sugar and Bioenergy segment.

27 Bunge’s commercial activities in Bolivia have been discontinued in 2018.

60 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


Content Index - GRI Standards GRI Standards

Content

Page | Response

Omission

United Nations Global Compact Principles

102-1 Name of the organization

3

-

-

11; Bunge Southern Cone trades its products in accordance with the applicable law and quality standards required by the market

-

-

67

-

-

102-4 Location of the operations

12 y 13

-

-

102-5 Ownership and legal form

14

-

-

102-6 Market Served

11

-

-

102-7 Scale of the organization

14; BSC´s capital is distributed in 95,7% own capital, 3,81% is the profit of the term 1,2% is third party/minority shareholders and 0% is third party capital-OCI Net sales amounted to U$D 3.692.756

-

-

102-8 Information on employees and others workers

44; 100% of employees in Bolivia, Chile, Paraguay and Uruguay have an indefinite term contract. Only one employee of Bunge Southern Cone in Argentina has a fixed term contract.

-

-

19 and 20

-

-

102-10 Substantial changes organization and its supply chain

In 2017, Bunge Argentina S.A. acquired Aceitera Martinez S.A. goodwill.

-

-

102-11 Precautionary principle or approach

The company conducted the pertinent proceedings in compliance with national laws regarding the environment and the application in the jurisdictions of operation. This includes, but not limited to aptitude and environmental risk studies if applicable. There were no nature or environmental risks indetified that required the application on the Precautionary Principle.

-

-

20, 26, 27, 28, 31 and 57

-

-

68

-

-

General Contents

102-2 Activities, brands, products and services

GRI 102: 2016 General Contents

102-3 Location of the headquartesrs

102-9 Supply chain

GRI 102: 2016 General Contents

102-12 External initiatives 102-13 Association affiliation

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 61


GRI Standards

GRI 102: 2016 General Contents

Content

Page | Response

Omission

United Nations Global Compact Principles

102-14 Statement made by decision-making senior executives

3 and 8

-

-

102-16 Values, principles, standards and code of conduct

7, 15 and 16

-

Principle 10

102-17 Counseling mechanisms and ethical concerns

15,16 and 17

-

Principle 10

18

-

-

http://www.bungeargentina.com/sites/all/themes/bnge/docs/grupos_de_interes_2017.pdf

-

-

102-41 Collective bargaining agreements

44

-

Principle 3

102-42 Stakeholder identification and selection

44

-

-

102-43 Stakeholder participation approach

44

-

Principle 3

102-44 Key topics and concerns

9 and 58

-

-

102-45 Entities included in consolidated financial statements

67

-

-

102-46 Definition of the report content and topic coverage

58

-

-

102-47 List of meterial issues

9

-

-

102-48 Restatement of information

-

No omissions

102-49 Changes in the report preparation process

-

No changes

This report covers the period from January 1st 2017 to December 31st 2017. Subsequent relevant events can be included until June 2018 to promote and upgrade publication

-

-

102-51 Date of the last report

The last Bunge Suthern Cone Sustainability Report corresponds to the period 2016

-

-

102-52 Ciclo de elaboraciรณn de informes

Annual

-

-

102-18 Governance structure

102-40 Stakeholders list

GRI 102: 2016 General Contents

102-50 Period covered in the report

62 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards

-

-


Omission

United Nations Global Compact Principles

-

-

This report has been prepared in compliance with 102-54 Statement of the report preparation process in accordance GRI Standards guidelines, 2016 version of the Global Reporting Initiative: essential choice. with GRI Standards

-

-

102-55 Content Index GRI Standards

61 to 66

-

-

103-1 Explanation of the material aspect and its scope

19 and 20

-

-

103-2 Management approach and its components

19 and 20

-

-

103-3 Managemente approach assessment

19 and 20

-

-

204-1 Percentaje of spending in locations with significant operations corresponding to local suppliers

19 and 20

-

-

103-1 Explanation of the material aspect and its scope

15, 16 and 17

-

103-2 Management approach and its components

15, 16 and 17

-

103-3 Management approach assessment

15, 16 and 17

-

205-1 Assessed operations for corruption-related risks

The 3 identified corruption risk areas, according to the local controls of the Sarbanes Oxley Law (SOX) reach 100% of operations with impacts on accounting statements.

-

15, 16 and 17

-

15, 16 and 17

-

GRI Standards

Content

102-53 How to contact us for further imformation on the report

GRI 102: 2016 General Contents

Page | Response

Any questions or comments on this resport, please visit: bunge.comunidad.bsc@bunge.com o a travĂŠs de formulario web: www.bungeargentina.com/es/ ciudadania-responsable/contacto

Material aspects Economic aspects Acquisitions practices GRI 103: 2016 Management Approach

GRI 204: 2016 Acquisition Practices Anti-corruption

GRI 103: 2016 Management Approach

GRI 205: 2016 Anti-corruption

205-2 Communication and design of anti-corruption policies and procedures

205-3 Confirmed corruption cases and actions taken

Principle 10

Principle 10

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 63


GRI Standards

Content

Page | Response

Omission

103-1 Explanation of the material aspect and its scope

23

-

103-2 Management approach and its components

23

-

103-3 Management approach assessment

24

-

302-1 Energy consumption within the organization

24

-

302-2 Energy consumption outside the organization

24

-

302-3 Energy intensity

24

-

103-1 Explanation of the aspect and its approach

23

-

103-2 Management approach and its components

23

-

103-3 Management approach assessment

24

-

303-1 Water extraction by source

24

-

103-1 Explanation of the material aspect and its scope

23

-

103-2 Management approach and its components

23

-

103-3 Management approach and assessment

24

-

305-1 Direct greenhouse gas (GHG) emissions (scope 1)

24

-

305-2 Indirect greenhouse gas (GHG) emissions by generating energy (scope 2)

24

-

24

-

103-1 Explanation of the material aspect and its scope

23

-

103-2 Management approach and its components

23

-

United Nations Global Compact Principles

Environmental aspects Energy

GRI 103: 2016 Management Approach

GRI 302: 2016 Energy

Principles 7 and 8

Principles 7 and 8

Principle 8

Water

GRI 103: 2016 Manager Approach

GRI 303: Water in 2016

Principles 7 and 8

Principles 7 and 8

Emissions

GRI 103: 2016 Management Approach

GRI 305: Emissions in 2016

305-4 GHG emission intensity

Principles 7 and 8

Principles 7 and 8

Principle 8

Effluents and waste GRI 103: 2016 Management Approach

Principle 8

64 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


GRI Standards

Content

Page | Response

Omission

United Nations Global Compact Principles

GRI 103: 2016 Management Approach

103-3 Management approach assessment

25 and 26

-

GRI 306: Effluents and waste in 2016

306-2 Waste by type and disposal method

25 and 26

-

103-1 Explanation of the material aspect and its scope

29, 30, 31 and 34

-

-

103-2 Management approach and its components

29, 30, 31 and 34

-

-

103-3 Management approach assessment

29, 30, 31 and 34

-

-

103-1 Explanation of the material aspect and its scope

41 to 44

-

103-2 Management approach and its components

41 to 44

-

44

-

Principle 8

Principle 8

Sustainable Agriculture

GRI 103: 2016 Management Approach

Social aspects Emplyment

GRI 103: 2016 Management Approach

GRI 401: Emplyment in 2016

103-3 Management approach assessment

401-1 New hired employees and staff turnover

44; staff turnover rate of 2,78%

Given the low rate, sorting them out by gender, age and region requested by the indicator is not deemed relevant.

Principle 6

Principle 6

Occupational Health and Safety

GRI 103: Management Approach in 2016

GRI 403: Occupational Health and Safety in 2016

103-1 Explanation of the material aspect and its scope

35 to 40

-

103-2 Management approach and its components

35 to 40

-

37, 38 and 39

-

40

-

-

39

Bunge Southern Cone measures its management trhough proactive safety indicators

-

103-3 Management approach assessment 403-1 Representation of worker in formal worker-health ans safety company committees

403-2 Types of accidents and frequency rates of accidents, occupational diseases, days lost, absenteeism and number of deaths caused by occupational accidents and diaseases

Principle 6

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 65


GRI Standards

United Nations Global Compact Principles

Content

Page | Response

Omission

103-1 Explanation of the material aspect and its scope

46 to 48

-

103-2 Management approach and its components

46 to 48

-

103-3 Management approach and assessment

47 and 48

-

404-1 Average training hours per employee

47

-

-

404-2 Programs to improve employee´s skills and programs to help with the transition

46 and 47

-

-

48

-

Principle 6

103-1 Explanation of the material aspect and its scope

43 and 44

-

103-2 Management approach and its components

43 and 44

-

103-3 Management approach and assessment

43 and 44

-

405-1 Diversity and governing bodies and employees

43 and 44

-

103-1 Explanation of the material aspect and its scope

49 to 57

-

103-2 Management approach and its components

49 to 57

-

103-3 Management approach and assessment

49 to 57

-

413-1 Operations with local community involvement, impacts assessments and development programs

100% of Bunge´s sites have implemented Social Responsability Programs

Training and Education

GRI 103: 2016 Management Approach

GRI 404: Training and Education in 2016

404-3 Percentage of employees receiving regular performance and professional development assessments

Principle 6

Diversity and Equal Opportunities

GRI 103: 2016 Management Approach

GRI 405: Diversity and Equal Opportunities in 2016

-

-

Local Communities

GRI 103: 2016 Management Approach

GRI 413: Local Communities

66 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards

-

Principle 1

Principle 1


GRI Standards

United Nations Global Compact Principles

Content

Page | Response

Omission

103-1 Explanation of the material aspect and its scope

20 to 22

-

103-2 Management approach and its components

20 to 22

-

103-3 Management approach and assessment

20 to 22

-

416-1 Assessment of the impact of health and safety products and services

20 to 22

-

-

No incidents that may generate an impact on consumer health were recorded in 2017

-

-

22

-

-

-

-

Customer Health and Safety

GRI 103: 2016 Management Approach

GRI 416: Customer Health and Safety in 2016

416-2 Non compliance cases regarding impacts on health and safety and of products and services FP5: Percentage of production volume produced in sites certified by a third party in accordance with the international standards of food safety management

Sectoral Supplement

FP7: Percentage of total sales volume of consumer products by product category that contains an increase in nutritious ingredients like fiber, vitamins, minerals, phytochemicals of functional food additives

100% of wheat flours produced in Molino Fenix and traded by Bunge have additives as required by CAA (argentinian Food Code) when they are traded in the domestic market, while they follow the variations of each target country as required

Principle 6

Socioeconomic Regulatory Compliance

GRI 103: 2016 Management Approach

GRI 419: Socioeconomic Regulatory Complieance in 2016

103-1 Explanation of the material aspect and its scope

15 to 17

-

103-2 Management approach and its components

15 to 17

-

103-3 Management approach and assessment

15 to 17

-

419-1 No compliance with laws and regulation in the social and economic fields

15 to 17

-

103-1 Explanation of the material aspect and its scope

20 to 22

-

103-2 Management approach and its components

20 to 22

-

103-3 Management approach and assessment

20 to 22

-

-

-

Economic and Affordable Food (Sectoral Supplement)

GRI 103: Enfoque de gestiรณn 2016

-

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 67


GRI Standards

Content

Page | Response

Omission

United Nations Global Compact Principles

-

-

-

-

Human Rights GRI 412: Human Rights Assessments in 2016

412-3 Significant and investment contracts and agreements that include human rights clauses or that underwent human rights evaluations

54; an agreement together with Fundación Paraguaya that includes human rights clauses. It is a significant investment agreement as it involves 100 families from indigenous peoples of Paraguay and a 3-year action plan

408-1 Operations and supplies with significant child labor incidents risks. Meassures taken by the organization in the reported period that contribute to the effective abolition of child labor

54; an agreement together with Fundación Paraguaya that includes human rights clauses. It is a significant investment agreement as it involves 100 families from indigenous peoples of Paraguay and a 3-year action plan

Child Labor GRI 408: Child Labor

Supplementary information: Tax addresses: Bunge Argentina S.A.: 25 de Mayo 1119, Tancacha, Córdoba, Argentina. Terminal Bahía Blanca S.A.: 25 de Mayo 501, Ciudad Autónoma de Buenos Aires, Argentina. Agroindustrias Bunge Bolivia S.A.: Calle J Este Nº 120 Edificio Rolea Center 3º Piso, Barrio Equipetrol Norte, Depto. Santa Cruz, Santa Cruz de la Sierra, Bolivia. Bunge Chile S.p.A: Avenida Vitacura 2969, Piso 15, Las Condes, Santiago de Chile, Chile. Bunge Paraguay S.A.: Remberto Giménez esquina Luis Bordón, Paraná Country Club, Hernandarias, Paraguay Bunge Agritrade S.A, Bunge Montevideo S.A: Dr. Luis Bonavita 1294 oficina 2301, WTC FreeZone, Montevideo, Uruguay. Bunge Uruguay Agronegocios: Continuación Echevarriarza 3535(B) Ofi. 305, Complejo “Torres del Puerto”, Torre B., Montevideo, Uruguay.

Comments or feedback on the report are received at: email: bunge.comunidad.bsc@bungecom Web form, click here. www.bungeargentina.com/es/ciudadania-responsable/contacto

68 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


www.bungeargentina.com www.bungeparaguay.com www.bungeuruguay.com www.bungeargentina.com/es/ciudadania-responsable www.linkedin.com/company/bungeconosur

Appendix: Organizations where Bunge Southern Cone participates Steering Committee

Country

Asociación Argentina de Grasas y Aceites (ASAGA)

Argentina

Asociación de Consumidores Industriales de Gas de la República Argentina (ASIGRA)

Argentina

Asociación de Grandes Usuarios de Energía Eléctrica de la República Argentina (AGUEERA)

Argentina

Bolsa de Cereales de Buenos Aires

Argentina

Bolsa de Cereales de Córdoba

Argentina

Bolsa de Cereales y Productos de Bahía Blanca

Argentina

Bolsa de Comercio de Rosario

Argentina

Camara Arbitral de la Bolsa de Cereales de Buenos Aires

Argentina

Cámara Arbitral de Cereales de Rosario

Argentina

Cámara de Comercio, Industria y Servicios de San Lorenzo y su zona

Argentina

Cámara de la Industria Aceitera de la República Argentina (CIARA)

Argentina

Cámara de la Industria Argentina de Fertilizantes y Agroquímicos (CIAFA)

Argentina

Cámara de la Industria Química y Petroquímica Argentina (CIQYP)

Argentina

Cámara Paraguaya de Procesadores y Exportadores de Oleaginosas y Cereales (CAPPRO)

Paraguay

Fundación Bunge y Born

Argentina

Instituto Argentino de Normalización y Certificación (IRAM)

Argentina

Instituto para el Desarrollo Empresarial Argentino (IDEA)

Argentina

Instituto Petroquímico Argentina (IPA)

Argentina

Sponsors

Country

Fundación de Investigaciones Económicas Latinoamericanas (FIEL)

Partners

Argentina

Country

Asociación Argentina de Producción Animal (AAPA)

Argentina

Asociación Argentina de Productores de Siembra Directa (AAPRESID)

Argentina

Asociación Argentina del Girasol (ASAGIR)

Argentina

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 69


Partners Asociación Campo Limpio

Country Uruguay

Asociación de Productores de Granos del Norte (PROGRANO)

Argentina

Asociación del Crédito Industrial Argentino (ACIA)

Argentina

Bolsa de Cereales de Entre Ríos

Argentina

Bolsa de Comercio del Chaco

Argentina

Cámara Agropecuaria del Oriente

Bolivia

Cámara Americana de Comercio de Bolivia (AMCHAM)

Bolivia

Cámara Argentina de Biocombustibles (CARBIO)

Argentina

Cámara Argentina de Comercio y Servicios

Argentina

Cámara Argentina de Empresas de Nutrición

Argentina

Cámara Argentina de Engordadores de Hacienda Vacuna (CAEHV)

Argentina

Cámara de Actividades Portuarias

Argentina

Cámara de Comercio de los Estados Unidos (AMCHAM)

Argentina

Cámara de Comercio Exterior de Córdoba

Argentina

Cámara de Exportadores de la República Argentina

Argentina

Cámara de Industria, Comercio, Servicios y Turismo de Santa Cruz (CAINCO)

Bolivia

Cámara de Industriales Arroceros de Argentina

Argentina

Cámara de Puertos Privados Comerciales

Argentina

Cámara Industrial de Aceites Vegetales de Córdoba

Argentina

Cámara Mercantil de Productores del País

Uruguay

Comité Interindustrial de Conservación del Ambiente Campana Zarate (CICACZ)

Argentina

Consejo Empresario para el Desarrollo Sostenible (CEADS)

Argentina

Instituto de Auditores Internos de Argentina (IAIA)

Argentina

Unión Industrial de la Provincia de Córdoba (UIC)

Argentina

70 | Sustainability Report Bunge Southern Cone 2017 | GRI Standards


bungeargentina.com | bungeparaguay.com | bungeuruguay.com

www.linkedin.com/company/bungeconosur

Sustainability Report Bunge Southern Cone 2017 | GRI Standards | 71


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