ESG REPORT

June 2022

TSX RSI

01 Message from the President & CEO

02 Rogers at a Glance

05 2021 ESG Highlights

06 Materiality Assessment Process

07 Environment

12 Social

17 Governance

REPORTING SCOPE AND BOUNDARY

The data presented in this report is based on our fiscal years and reported for both of our business segments, unless otherwise indicated. The data has not been audited by an independent third party and some indicators are manually compiled. The information is accurate to the best of our knowledge.

For the purposes of this report Rogers Sugar Inc. will hereby be referred to as "Rogers" or "the Company".

MESSAGE FROM THE PRESIDENT & CEO

I am pleased to present Rogers' second Environmental, Social and Governance (ESG) report. Despite being new to the role of CEO, I have a long history in this business and a clear understanding of the importance of ESG principles in the overall governance, operations and strategy of the Company. As a food manufacturer with nine facilities, we understand the impact our operations and products have on the environment and consumers alike and take our responsibility seriously.

Continuous improvement is at the foundation of what we do. This philosophy, coupled with a solid base of key performance indicators, is the basis for a measured path forward. With this in mind, I wanted to highlight several improvements we implemented over the past year that demonstrate our commitment to positive change.

First, we pushed our materiality assessment a step further by surveying the ESG priorities of our various stakeholders. This supplemental analysis validated our own internal assessment conducted last year in several areas such as Diversity and Responsible Sourcing. Based on this information, we decided to take action to strengthen our Sustainable and Ethical Sourcing policies and enhance our corporate governance with the adoption of a Diversity policy and Say on Pay policy.

Furthermore, this year's report includes operating metrics for our Maple and Blending facilities, as well as additional indicators to provide the best picture possible of our efforts in sustainability. For general interest purposes we also included a few "Did You Know"

capsules on such topics as organic maple syrup and Agri-based raw material procurement activities. Most importantly, we started to set some targets on a limited number of important metrics. These targets will keep us focused on making meaningful progress.

In summary, we made significant headway in our second ESG report and are committed to making ongoing improvements in the coming years. In fact, we are looking to create a new position which would have the responsibility of spearheading all our sustainability efforts.

In closing, I would like to give a special thanks to our internal ESG committee for their time and effort in putting this report together. In addition, I would like to thank all our employees for their dedication and hard work throughout the year, our suppliers and customers for their confidence and our shareholders for their support in our sustainability journey.

Michael Walton

President and Chief Executive Officer

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ROGERSTMTC

1

7

8

2

5

6

3 4

9

1.

Head Office and

6.

Head Office -

Cane Refinery

Bottling Plant, Eastern Sales

VANCOUVER, BC

and Distribution

2.

Beet Plant

GRANBY, QC

TABER, AB

7.

Bottling Plant, Warehousing

and Shipping

3.

Distribution Centre

SAINT-HONORÉ-DE-SHENLEY, QC

TORONTO, ON

8.

Bottling Plant, Warehousing

4.

Blending Facility

and Shipping

TORONTO, ON

DÉGELIS, QC

5.

Administrative Office

9.

Botting Plant, Warehousing

and Cane Refinery

and Shipping

MONTREAL, QC

WEBSTERVILLE, VT

944

Employees

9

Facilities

ROGERS AT A GLANCE

LEGAL STRUCTURE

Rogers holds all of the common shares of Lantic Inc., which operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, a blending facility and distribution center in Toronto, Ontario, as well as the only Canadian sugar beet processing facility in Taber, Alberta.

LANTIC owns all of the common shares of The Maple Treat Corporation ("TMTC"). TMTC operates plants in Granby, Dégelis and in St-Honoré-de-Shenley, Quebec and in Websterville, Vermont.

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ROGERS AT A GLANCE

$893.9M $91.0M6.5%

Total revenue

Adjusted EBITDA

Dividend yield

779,505

52,255,000

$560M

Metric tonnes of sugar

Pounds of maple syrup

Market capitalization

No.1 in Canada

No.1 in the world

2021 Revenues

2021 Sugar revenues by segment

2021 Revenues by geography

10%

3% 4%

25%

75%

18%

24%

54%

75%

12%

Sugar

Maple products

Industrial

Consumer

Liquid

Export

Canada

United States

Europe

Other

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Disclaimer

Rogers Sugar Inc. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 21:12:03 UTC.