Barry Callebaut : Forever Chocolate Impact beyond 2025 brochure

Progress	Extending our scope &	Six years
since 2016	impact beyond 2025	of impact

Forever  Chocolate:

Impact beyond 2025

Sharpening our plan to make sustainable chocolate the norm and extending its scope & impact beyond 2025.

• Key figures
  Sharpening our targets

• Extending our scope & impact beyond 2025
  Prospering Farmers Human Rights Thriving Nature Sustainable Ingredients

• Six years of impact
  Turning data into impact
  Open exchange with experts and stakeholders Building the enabling policy environment

| Impact beyond 2025

		Extending our scope	Six years
	Progress
	since 2016	& impact beyond 2025	of impact

Forever Chocolate:

Impact beyond 2025

Sharpening our plan to make sustainable chocolate the norm and extending its scope & impact beyond 2025.

Forever Chocolate progress since 2016

Almost	of farmer groups	A reduction
215,000	tonne of product
	81%	of overall carbon
	intensity per
cocoa farmers	we directly	by more than
in our supply	source from, have	18%
chain are lifted out of	systems in place
poverty	to prevent, monitor
	and remediate
	child labor

50%

of all the products

we sell contains 100% sustainable chocolate or cocoa

| Impact beyond 2025

		Extending our scope	Six years
	Progress
	since 2016	& impact beyond 2025	of impact

In 2016, we launched Forever Chocolate, our plan to make sustainable chocolate the norm by 2025. Our approach is unique in the cocoa and chocolate industry, in terms of scope and ambition. We have committed to four bold targets that address the biggest sustainability challenges in the chocolate supply chain:

To lift over 500,000 cocoa farmers out of poverty

To eradicate child labor

To become carbon and forest positive and

To have 100% sustainable ingredients in all our products

Sharpening our targets

From the start, our Forever Chocolate targets were dynamic by design, because the understanding of what is a sustainable chocolate supply chain is ever deepening. Our process is one of piloting, assessing, adapting, rolling out at scale and continuously updating. We do this based on learnings from data analysis, evolving expert insights and the development of an enabling policy environment. Over the past years, through our successes and failures, we have generated new insights. By continuously sharpening our targets, we create meaningful impact.

Halfway through our Forever Chocolate timeline, we have used the past year to take stock of the impact we have generated since 2016. In addition, as the requirements for a sustainable chocolate supply chain are constantly evolving and transform- ing, we have assessed where our targets need sharpening. Our conclusion? We want to add fresh ambition to our Forever Chocolate Plan.

For this, we have sharpened our existing Forever Chocolate targets for 2025, and added additional targets extending our scope & impact beyond 2025.

By  continuously  sharpening our  targets, we create meaningful impact.

| Impact beyond 2025

Progress	Extending our scope	Six years
since 2016	&  impact beyond 2025	of impact

Extending our scopeand impact beyond 2025

Prospering Farmers

Human Rights

• By 2025, more than 500,000 cocoa farmers in our supply chain will have been lifted out of poverty.
• By 2030, we will have mobilized key stakeholders around a transformative cocoa farming model generating living income.

As of 2021/22, almost 215,000 cocoa farmers in our supply chain are lifted out of poverty. Lifting cocoa farmers out of poverty is a first step. We aim for a longer poverty reduction perspective towards 2030, towards a living income. For this, we will therefore shift our focus away from training cocoa farmers, towards providing input support, through subsidized soil inputs, planting material, financial support for third-

party labor services and additional premiums. Cocoa farmers have a solid understanding of sustainable agricultural practices, but their main struggle is access to investments in their farms.

We measure success by focusing on outcome over outputs. Our new Prospering Farmers ambition for 2030 will create a framework where our performance is measured on average yield, income and size of farms of the cocoa farmers we source from. Delivering some of these outcomes, such as farm size, are beyond our direct influence. We therefore commit to mobilize key stakeholders including govern- ments, to unite around a transformative cocoa farming model ge­ nerating living income.

• By 2025, our entire supply chain will be covered by Human Rights Due Diligence, remediating
  all child labor cases identified.
• By 2030, the farming commu­ nities we source from are em­ powered to protect child rights.

We have sharpened our 2025 target, committing to covering our entire supply chain by Human Rights Due Diligence. This includes the continued monitoring and remediation of child labor cases. At the same time, we are adding a target for 2030, supporting cocoa farming communities to protect child rights and prevent child labor from occurring. This approach focuses on the adoption of child- centric due diligence systems in

cocoa farming communities, empowering communities to protect child rights. This means early recognition of children at risk of being involved in the worst forms of child labor and action to mitigate these risks.

We measure success through the amount of cocoa farming communities with functioning child protection systems, as well as the percentage of adults and children reporting an improved sense of wellbeing.

| Impact beyond 2025

Progress	Extending our scope	Six years
since 2016	& impact beyond 2025	of impact

Thriving Nature

Sustainable Ingredients

• By 2025, we will be forest positive.
• By 2030, we will have decarbonized our footprint in line with global efforts to cap global warming at 1,5 degrees Celsius.
• By 2050, we will be a net-zero company.

While maintaining our target to become forest positive by 2025, we move away from offsetting our carbon footprint and instead focus increasingly on insetting through agroforestry. This shift will align with the emission reduction trajectory of the Paris Agreement by 2030,

and make us become a future net-zero company by 2050. To assess progress, we will measure the reduction in our scope 1, 2 and

3 emissions, the number of cocoa farming hectares in our supply chain under agroforestry, the tonnes of carbon removals achieved, the percentage of raw materials demonstrated to not have contributed

to deforestation and the carbon intensity per metric tonne of product sold.

• By 2030, we will have 100% certified or verified cocoa and other ingredients in all of our products, traceable to farm level.

We are extending the deadline for all our ingredients to be certified or verified to 2030, in order for them to also be traceable to farm level. We will measure by reporting on the percentage of ingredients sourced which are certified or verified and traceable to farm level. In addition, recognizing that certification is only a starting point for building a sustainable cocoa and chocolate supply chain, we will continuously benchmark the certification and verification criteria we apply to ensure the standards remain mean- ingful.