Closing date: May 2022 Disbursed amount: US$ 30 MM Partners: &Green, FS Overview: Long-term corporate loan to support FS in the origination of DCF corn for biofuel and animal feed production in the Mato Grosso State region. FS sources corn from farmers who produce it as a second crop to soybeans, their main grain. Within this system, corn plays a fundamental role as it produces a large amount of husk that helps protect the soil, recycle nutrients, and increase the organic matter in the soil. Structure and terms: Long-term finance (8-year tenor) to FS corporate entity. The use of proceeds will promote DCF soy, by engaging suppliers and stakeholders, improving the supply chain traceability, land use intensification, forest restoration, and forest conservation. Expected impact: The commitments undertaken by FS will drive the transformation of sourcing practices used by corn producers in MT, and, by implication, the production practices of soy producers from whose farms the corn is sourced as a second crop. FS will originate from 800,000 hectares of planted area per year in both the Amazon and Cerrado biomes in Mato Grosso (close to 20% of the soy farming area in the State). The program will also promote yield increase through land use intensification on 40.000 hectares of degraded area, forest restoration of 5.000 hectares, and conserve 224.000 hectares of forest through its direct and indirect suppliers, of which 28.000 exceed the Legal Reservation. The project also aims to secure 96% of FS biomass demand from renewable sources. The transaction also sets specific targets for the on-the-ground implementation of strategies, as well as performance indicators for the E&S impacts. Scale opportunities: Additional investments from different types of co-investors to fund future expansion activities are expected.4. &GREEN & FS - CORN ETHANOL LOAN © TNC/André DibCerrado ifacc 2022 USD 30 MM 21 IFACC 2023 MARKET REPORT

IFACC 2023 Market Report