EXEL Industries // 2020 Universal registration document

Statement of Non-Financial Performance

Our non- fi nancial risks

 respect for biodiversity and limiting soil compaction Farming that respects the environment will preserve the soil; i.e ., it will respect biodiversity and limitations on soil compaction. EXEL Industries, through its subsidiary HOLMER, o ff ers machines that limit soil compaction by incorporating latest-generation low-pressure tires and staggered axle techniques to avoid rolling twice in the same place.

 climate change and the sustainable use of resources To deal with the challenge of climate change, the Group has undertaken a number of measures to minimize its carbon footprint and will continue its strategy of reducing its greenhouse gas emissions. But more than that, EXEL Industries sells and employs products that enable its customers to minimize their carbon footprint. The guidelines for the garden watering business aim to limit the quantities of water supplied.

4.3.3 Anti-corruption

The risk related to corruption or in fl uence peddling is a risk identi fi ed within the EXEL Industries group given the diversity of the countries in which it operates. To guard against that risk, EXEL Industries has adopted a code of conduct and implemented training for all Group companies, described in section 4.4.3 below.

The Executive Management of EXEL Industries has made the prevention and detection of corruption a priority, and is committed to a policy of zero tolerance. Any corruption in the conduct of the EXEL Industries group’s business is strictly prohibited.

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4.3.4 Human rights

The EXEL Industries group also strives to o ff er a work environment that respects everyone. Any physical or moral harassment is strictly prohibited and punishable. The EXEL Industries group ensures health and safety at work for its employees. For all of its activities, the EXEL Industries group demands that these values be respected within them and with their suppliers, subcontractors and partners.

The EXEL Industries group is committed to promoting diversitywithin its own organization, and considers it an essential asset due to its international footprint. The EXEL Industries group ensures equal opportunity and treatment for each employee with regard to hiring, access to training, remuneration and professional development. Candidates’ skills and experience are the only factors taken into account.

4.3.5 Tax evasion

Our Group has always had a reasonable tax policy with the aim of guaranteeing the interests of the shareholders while preserving relationships of trust with the countries where it is located. The fi nancial sta ff of EXEL Industries, both centrally and locally and with the support of tax advisors, is committed to respecting its national and international tax obligations. Through transfer pricing, the Group takes special care so that the pro fi t of companies is located where the added value was generated, without regard to tax optimization.

An analysis of pro fi ts broken down by country is presented to the Audit Committee. Technical departures, however, may show up during audits, which may lead to tax disputes, particularly due to uncertainties in the interpretation of tax laws or in the way we ful fi ll our tax obligations. When and if necessary, after analyzing the materiality of the risk, provisions are recognized on the fi nancial statements in order to re fl ect the fi nancial consequences of such departures.

EXEL Industries group I 2020 Universal Registration Document

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