VIVESCIA INDUSTRIES 2022-2023 In April 2023, Sicom’s cooperative and institutional shareholders, partners and independent board members travelled to Germany to learn more about VIVESCIA Industries’ various operations near Munich. 1 2 coming, such as SBTi Our second priority is to plan for the and SBTN . It is serving as a full-scale trial future. It is urgent for us to lay down These are particularly relevant to programme for VIVESCIA Industries, our 2030 vision for each VIVESCIA agri-food value chains. We have its cooperative partners and the plant, Industries business. addressed the climate challenge food and energy value chains. Grain Now is the time to do this. Our results by committing to ambitious 2030 is no longer just an ingredient — a are moving in the right direction, and objectives across scope 1, scope 2 and commodity — it’s much more than we have a framework for action on scope 3 emissions. We plan to have that. sustainability: our LINK policy. All our SBTi trajectories certi昀椀ed in early our businesses’ boards began this 2024, and I’m delighted with how this Yes, in this changing world, it’s vital planning process in early 2023. work is progressing. to look ahead, realistically and with This is a crucial 昀椀rst step in reviewing conviction. In 2024, not only must we VIVESCIA Industries’ collective, It is clear that climate change – with continue to improve our 昀椀nancial and cooperative project. Over and above the challenges it represents in terms environmental results, but we must the 昀椀gures and our 昀椀nancial results, of carbon, biodiversity and water – also prepare for the future: it’s time to we must be driven by our corporate has disrupted and will continue to start writing the next chapter in the purpose. disrupt our traditional attitudes, our VIVESCIA Industries story. business models and our approaches Looking to the future of our to working together. But these businesses means thinking about challenges are also opportunities, and how we can stand out in the market it’s up to us to seize them. One tool while decarbonising our value chain that will help us is TRANSITIONS, and safeguarding biodiversity within the innovative regenerative farming set it. A global movement has been programme recently created and in motion, and new standards are launched by VIVESCIA Cooperative. * VIVESCIA Industries’ general partner 1. SBTi: Created following the Paris Agreement, and a product of a collaboration between several institutions around the world, including the UN, the Science-Based Targets Initiative (SBTi) is now the benchmark in terms of companies’ carbon trajectories: https://sciencebasedtargets.org/ 2. SBTN: Based on the Science Based Targets Initiative’s (SBTi) work on climate change, the Science Based Targets Network (SBTN) recognises the need to develop methods and guidelines for setting science-based targets — similar to those made for climate change — on biodiversity, water, soil and the oceans. The SBTN aims to create a new global economy where science de昀椀nes how companies and cities can operate in ecologically sustainable ways to re-establish the balance of terrestrial systems. A 昀椀rst vision of its methodology was published in May 2023. 03