Page 5 - Viterra Vibe_June 2024 (Final)

Sustainability spotlights

CANADA’S CLEAN FUEL REGULATIONS
The Clean Fuel Regulations (CFR) are For producers to participate, Viterra changes were discussed in the recent
Government of Canada regulations is required to collect GPS coordinates Delivery Declaration webinar held on
that require fuel producers to reduce that are representative of the farm such May 30.
the carbon intensity of the fuels they as a home quarter. Producers will also A FAQ document has been posted in the
produce and/or sell in Canada. The CFR is need to sign Terms and Conditions that CAR Resources, Supporting documents,
expected to increase domestic demand acknowledge their eligibility to participate section on OurPlace to aid CARs in their
for crops that can be used in biofuel based on the exemptions for Canadian discussions with Decision Makers.
production. producers.
Thanks to our Customer Account
Participating in the CFR is voluntary and Viterra has updated their GPA/TPAs Representatives and Facility Sales
will allow producer’s grain to be sold (excluding myViterra) to include the GPS and Admin staff for their hard work
into the domestic clean fuel market, coordinates and Terms and Conditions. on collecting home quarters, we have
which creates increased local demand This update will apply to GPA/TPAs for all collected land locations for 90% of our
and movement opportunities for their commodities. The CFR requirements and Decision Makers to date.
product. All crops grown and harvested
in Canada are eligible to participate in the
CFR through legislative recognition. This
means Canadian producers are exempt
from demonstrating individual compliance
with sustainability requirements related
to Land Use and Biodiversity Criteria.

ENVIRONMENTAL KPI PERFORMANCE
In 2022, Viterra established a baseline of After establishing a baseline, we set initiatives across our network as well
our Scope 1 and 2 greenhouse gas (GHG) a decarbonization goal to reduce our as increased production at our crush
emissions. Scope 1 and 2 covers GHG GHG emission intensity by 25% by 2032. facilities. Globally, Viterra achieved a
emissions created from resources used by The intensity is based on production 5% GHG intensity reduction. With these
Viterra owned/managed facilities. (crushing) volumes at our processing results, we are well on track to meet our
Scope 1 = emissions from natural gas facilities. decarbonization goals.
and fuel use In 2023, Viterra Canada achieved a GHG
Scope 2 = emissions from electricity intensity reduction of over 7%. This
purchased achievement was a result of efficiency

Viterra x Bunge integration update

As we continue working towards the close With this in mind, we are still working ambition to offer one voice to our
of our intended business combination towards a target closing date of customers as soon as possible after
with Bunge, we would like to share an August 23. the close of the transaction. Although
integration progress update: Legal Day 1 (LD1) readiness customer transaction processes and
Regulatory filings & approvals For LD1, we are prioritizing a seamless systems will not change on LD1 unless
We have now completed filings or pre- experience for colleagues and our specifically communicated, Viterra will
notifications in all jurisdictions. So far, we customers, suppliers and other identify as Bunge on LD1 in all locations.
have received 21 out of the 31 required stakeholders. In preparation to achieve Clear communication on how colleagues
antitrust clearances, and all 10 foreign this, the integration planning team met should engage with and represent the
direct investment clearances. for a Day 1 Readiness Summit between Bunge brand after close will be provided
Of the five most important filings, we May 14-16. We cross-checked functional on or prior to LD1.
are pleased to confirm we have recently and regional integration plans to identify For all the latest updates, visit the
received unconditional clearance from any outstanding decisions and mitigate Viterra x Bunge section of the intranet or
Brazil. We continue to make progress with any gaps in our integration planning, send any questions you have about the
the four outstanding key jurisdictions – and completed stress-tests to ensure planned combination to integrationteam@
the US, Canada, China and the European business continuity across the combined viterra.com.
Union. organization. We also discussed our

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