MARKET DEVELOPMENT

• Increase volume of sustainably certified sugarcane for bioethanol production and consumption in Brazil: As the world’s second largest bioethanol producer, Brazil plays a key role in low‑carbon transport. The transaction will support Usina Coruripe to increase sugarcane yield across sustainably certified plantations and supply bioethanol fuel primarily to the domestic market. Through its operations, the company will also generate additional local economic benefits by supporting over 7,000 permanent jobs in high‑poverty and rural regions.

GENDER EQUALITY

• Strengthen gender‑inclusive business practices: Women remain underrepresented in Brazil’s energy sector. Usina Coruripe is committed to deliver a gender action plan (GAP) to promote women’s representation in its workforce, including through actions such as targeted recruitment campaigns in local communities and schools, tailored training programs for women in operational and technical roles (e.g., machinery operation, welding, mechanics), and unconscious bias training for management teams. Usina Coruripe’s commitment to gender equality is evidenced as a WEPs Signatory since 2019.

CLIMATE AND NATURE ACTION

• Support the decarbonization of the transport sector: This transaction is expected to contribute to Brazil’s climate change mitigation and biofuel blending requirements. By supporting Usina Coruripe’s bioethanol production from sugarcane plantations certified under the Bonsucro or ISCC Corsia Plus sustainability standards, it is estimated that over 400,000 tCO2e will be avoided over eight years. Thus, the full investment is considered climate change mitigation finance.