2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
EXTRA FINANCIAL
    PERFORMANCE REPORT

      2O21
         WORKING TOGETHER
         TO BETTER NOURISH
       AND PROTECT THE PLANET

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
Our CSR commitments at the
    heart of our business model
    “In 2050, we will be 9 billion inhabitants on this Earth. 9 billion
    people to nourish while still protecting our planet. 2050 is tomorrow.
    What solutions will we bring to this immense, complex, and urgent
    challenge? Are we ready to take it up? And how can we respond to it?

    I am convinced that Lesaffre must grow in a sustainable and
    responsible way. We are committed to managing our carbon
    footprint and our energy consumption.

    Our 11,000 employees are driven every day by a shared mission:
    working together to better nourish and protect the planet. To
    achieve this, we tap into our unique fermentation skills and our
    knowledge of microorganisms to improve food, human and animal
    health, and to protect the environment.”

                                Brice-Audren RICHE,
                                Lesaffre CEO

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
contents
                                                                                                                                      CSR AT THE HEART OF
                                                                                                                                      OUR COMMITMENT

                                                                                                                                      To use fermentation, every
                                                                                                                                      day, for a healthier and more
                                                                                                                                      sustainable world by revealing

01                                         02                                                03
                                                                                                                                      the infinite potential of
                                                                                                                                      microorganisms

Working                                    ...to contribute                                 …while
together...                                 to better                                       protecting
To guarantee the health and safety   P22
                                           nourishing                                       the planet
                                           the world...
of our employees

To develop and protect               P27                                                    To protect crops while preserving   P61
our human capital                                                                           biodiversity and soil fertility
                                           To guarantee our products                  P41
                                           health and safety quality
To act ethically in our business     P31                                                    To decarbonize the activities at    P64
relationships                                                                               our industrial sites
                                           To contribute to preserving                P43
                                           human health capital
To contribute to the economic        P34                                                    To use circularity to preserve      P68
and social development of local                                                             resources and protect the
                                           To improve food’s nutritional and          P47
communities                                                                                 environment
                                           taste qualities and to enable access
                                           to healthy and sustainable food for all

                                           To drive animal nutrition/health           P52
                                           to better nourish and protect the planet

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
Preamble
      Corporate Social
     Responsibility (CSR)
     at the heart of our
        commitment

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1                       D ÉC L A R AT I O N D E P E R F O R M A N C E   EXTRA FINANCIÈRE   7
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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
By situating fermentation                                                                                               A shared mission:
at the heart of our activities our resources                                                                            working together to better nourish
create value for all our stakeholders.                                                                                  and protect the planet.

Employees engaged                       Familial share ownership                  Industrial solutions to meet          A key global player in fermentation
in a shared mission                     and solid financial assets                scientific evolutions                 for nearly 170 years, we remain
                                                                                                                        deeply committed to our mission
With a presence on every continent,     A key global player, dedicated to         and requirements
                                                                                                                        and we push our boundaries with
our 11,000 employees bring together     the living for more than a century,       We offer technologically cutting-     passion, to explore the infinite
more than 90 nationalities, working     in 2021 we achieved a turnover in         edge equipment to create quality      potential of microorganisms and
daily to better nourish and protect     excess of 2.2 billion euros and we        products while optimizing the use     fermentation in each of our 4
the planet. This huge cultural          continue to invest globally to develop    of natural resources. Through our     activity sectors:
diversity guarantees an open-           our industrial, technological and sales   global network of production sites,
minded, listening and understanding     network.                                  we can achieve the same quality
approach, which draws on a
                                                                                                                        • Baking
                                                                                  levels throughout the world while
                                                                                                                          a standard setter in baking
know-how based on the spirit of         Intellectual resources and a              also adapting to local needs and
                                                                                                                          fermentation since 1853, we
collaboration and inclusion.            global network of expertise               requirements.
                                                                                                                          believe that bread, a source of
                                        Our R&D experts, spread over our                                                  plant-proteins, is one of the most
More than a century of                  10 research centers throughout the                                                promising solutions to nourish
fermentation expertise                  world, strive to provide ever-more                                                the growing global population in a
Today, our ambition is to be one        relevant answers to food and health                                               healthy and sustainable way. Every
of the leaders of the fundamental       needs through biotechnology and                                                   day, we co-innovate with bakers
movement to deploy fermentation,        biotransformation, always respecting                                              all over the world to offer baking
one of the most promising answers       the highest health and safety                                                     products and services.
to nourish the growing population       standards. These panels of experts,
in a healthier and more sustainable     who cover all our areas of activity,
way. On the strength of this            work daily to find synergies between
experience and this diversity, we       food, nutrition, taste,
collaborate with clients, partners,     and pleasure needs.
and researchers to find ever-more
pertinent solutions to nutrition,
health, naturality, and environmental
respect needs. As such, every day                                                                                                                              • Food taste and pleasure               • Industrial biotechnology
we explore and reveal the infinite                                                                                                                              through our subsidiaries Fermentis,      through our subsidiaries LIS,
potential of microorganisms.                                                                                                                                    Biospringer and Ennolys: our             Procelys and Leaf: we design
                                                                                                                                                                yeasts and yeast derivatives,            fermentation-based alternatives
                                                                                                                                                                and our natural flavor molecules         to petroleum-based molecules
                                                                                                                                                                strengthen tastes and aromas in          that help industrial manufacturers
                                                                                                                                                                many types of food, while our            to reduce their environmental
                                                                                                                                                                fermentation yeasts enhance the          footprint. We also develop lines of
                                                                                                                                                                taste characteristics of beers, wine,    cellular nutrients that improve the
                                                                                                                                                                and spirits.                             health and well-being of humans
                                                                                                                                                                                                         and animals.
                                                                                                                                                               • Health and well-being
                                                                                                                                                                through our subsidiaries Gnosis,
                                                                                                                                                                Phileo and Agrauxine: we develop
                                                                                                                                                                solutions to boost human health
                                                                                                                                                                with dietary supplements,
                                                                                                                                                                functional foods, and drugs and
                                                                                                                                                                to optimize farming productivity
                                                                                                                                                                while developing sustainable
                                                                                                                                                                livestock and agricultural systems.

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
76
                                                   production sites
                                                     in more than

                                                        50
                                                        countries

                                                                         11,000          employees

                                                                                  and more than

                            62
                                 applied
                                 science
                                 centers                                                  90
                                                                                    nationalities

                             8
                                 sensory
                                 analysis
                                 labs

Our industrial expertise,
scientific and technical                                                 600
                                                                        R&D experts and

                            2.2 billioneuros turnover
                                                                         60
                                                                         international
                                                                         partnerships

                             Our solutions are distributed in

                                            185
                                            countries

                                                                      78sales
                                                                      offices

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
Our CSR strategy:
                                                                                                                            sustainable production while taking care
                                                                                                                            of people and the environment
                                                                                                                            An integral part of Group strategy, our commitments are structured around 3 pillars:

                                                                                                                                                                                         Our activities are
                                                                                                                                             We care                                                                            We care about
                                                                                                                                                                                         SUSTAINABLE
                                                                                                                                             about PEOPLE                                                                       the ENVIRONMENT
                                                                                                                                                                                         by nature

                                                                                                                               Our development                             Fermentation and                        Our concern for
                                                                                                                               based on people                             micro-organism as                       planet ressources
                                                                                                                               Humans are at the heart of
                                                                                                                                                                           the key to our future                   Our activities are part
                                                                                                                               our activities. Respect, trust,                                                     of a discernible eco-system.
                                                                                                                                                                           A key global player in fermentation
                                                                                                                               and safety guide our relationships
                                                                                                                                                                           for 170 years, we work to find
                                                                                                                               with our employees and all the                                                      We produce with a determination
                                                                                                                                                                           ever more pertinent responses
Thanks to our resources and through                                                                                            other players in our environment.
                                                                                                                                                                           to nutrition, health, naturality,
                                                                                                                                                                           and environmental respect needs.
                                                                                                                                                                                                                   to reduce our environmental
                                                                                                                                                                                                                   impact: energy savings,

our activities, we maximize the positive                                                                                       In addition, being based in more
                                                                                                                               than 50 countries enables us
                                                                                                                                                                           Our activities are dedicated to
                                                                                                                                                                                                                   treatment of our used water,
                                                                                                                                                                                                                   reduction of our carbon footprint,

impacts for our shareholders                                                                                                   to be close to local communities
                                                                                                                               to better target our solidarity
                                                                                                                                                                           better nourishing and protecting
                                                                                                                                                                           the planet.
                                                                                                                                                                                                                   waste reduction or conversion…

                                                                                                                               actions through the ECHO
                                                                                                                               program.
For our clients:                         For our employees:                        For animals:
concrete solutions, which                support to develop their skills           solutions to improve
we improve constantly                    Above and beyond the technical            health and well-being
Our industrial excellence supports       training organized by each of the         Our probiotics and yeast derivative
our clients’ development in their        Group’s activity sectors, we also train   products offer numerous benefits
markets by putting at their service
the full range of our expertise in
                                         our employees through our Léon
                                         Lesaffre training academy, created
                                                                                   for animal nutrition and health and
                                                                                   help to combat the risks of antibiotic   Our ethical values, the bedrock
                                                                                                                            of our CSR approach
the fields of yeast and bacterial        in 2006. The Léon Lesaffre Institute      resistance in humans.
production, fermentation, and            focuses its support on the sharing of
transformation: R&D, pilot projects      knowledge and know-how between            For the planet:
and cutting-edge industrial tools,       employees. Each year, 200 managers
                                                                                   a shared commitment to                   We are committed to maintaining ethical business relationships with
a high-quality standards approach,       from our subsidiaries and Business                                                 all our stakeholders: our employees, our suppliers and subcontractors,
                                         Units (BUs) benefit from the 10
                                                                                   respect the environment
local sales policy.                                                                                                         our clients, and our partners. This commitment is formalized in our
                                         training sessions currently available     Our activities respect the territories
                                                                                                                            code of conduct and our suppliers’ charter, which consolidates all our
                                         at the Institute.                         in which they operate and are
For science:                                                                                                                requirements with regards to our stakeholders, internal and external.
                                                                                   based on products and processes
constantly evolving                                                                that respect the environment. Our
Research & Development                   For the world’s population:
                                                                                   products for agriculture and livestock
                                         solutions to improve health
Our women and men constantly                                                       farming help to reduce the need for
seek to develop the infinite potential   and well-being                            pesticides and mineral fertilizers,
of fermentation for the benefit of       Our products make it possible for         while contributing to the valorization
humanity. Since 1853, the study          everyone to access healthy and            of our co-products.
of microorganisms has been our           sustainable food. They also improve
daily work life. We participate in       the nutritional and taste quality of
the writing of numerous scientific       food while reducing its salt content
studies.                                 and increasing its protein provision.

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
Our CSR governance,
structured at all Group levels
                                                                                                                                   Our
                                     The Board of Directors has a committee entirely devoted to                                    perspectives
     The CSR Committee               Corporate Social Responsibility (CSR) issues. It ensures that societal   Number
     and Board of Directors          and environmental commitments are taken into account as part             of meetings          In the light of the climate emergency
     shareholder relations           of the Group’s economic development. Each year, it also approves         in 2021: 6           and the need to contribute to
                                     the current Extra Financial Performance Report.
                                                                                                                                   a sustainable economy, the
                                                                                                                                   management of our carbon footprint
                                                                                                                                   and the circularity of our activities
                                     The General Management approves the strategic CSR policies and axes and monitors
                                                                                                                                   constitute two fundamental axes of
                                     the Group’s Sustainable Development strategy progress. It also approves the current
     General Management              Extra Financial Performance Report and liaises regularly with members of the                  our development strategy.
                                     Executive Committee CSR group to monitor the deployment of action plans                       As such, we aim to achieve the two
                                     and the achievement of objectives.                                                            following objectives as a priority:

                                                                                                                                   • To reduce the global carbon
                                     The CSR sub-committee is made up of seven Executive Committee
                                                                                                                                     footprint (Scope 1, 2 and 3) of our
                                     members from different professions and management teams.
                                                                                                              Number                 activities, in accordance with the
     The Comex CSR                   It meets every two months. Its mission is to propose the guiding
                                                                                                              of meetings            Paris Agreement.
     sub-committee                   principles, CSR policies and their deployment throughout the Group’s
                                     value chain to the Group’s General Management and the Executive          in 2021: 8           • To streamline the use of natural
                                     Committee for sign-off.                                                                          resources, while optimizing our
                                                                                                                                      energy consumption.

                                     The Regions and Business Units Management participates, in co-construction with               To achieve this, initially during 2021
     Regions and Business Units      the Group, in CSR strategy development. They are tasked with adapting it to their ac-         we strengthened the governance
     Management                      tivities and ensuring its operational deployment. As part of the Group’s commitments,         and measurement of our Scope 1
                                     they set their own objectives and put in place action plans to achieve them.
                                                                                                                                   and Scope 2 CO2 emissions. We
                                                                                                                                   created a new role in our industrial
                                                                                                                                   sector and recruited a Sustainability
                                                                                                                                   Development Manager. Attached to
                                     A Sustainability Development Manager, attached to the Group Industrial Management
     The Sustainability                                                                                                            the Group Industrial Management
                                     Team, was appointed in 2021. He consolidates the objectives to reduce our water and
     Development Manager             energy consumption, and our carbon footprint. His actions make it possible                    team, he will consolidate the
                                     to accelerate and strengthen the work undertaken in these areas.                              objectives to reduce the Group’s
                                                                                                                                   environmental footprint and
                                                                                                                                   undertake the necessary actions to
                                                                                                                                   achieve this within our production
                                                                                                                                   sites.

                                                                                                                                   To continue the measures already
                                                                                                                                   undertaken and with a view to

                                     The CSR AWARDS, a boost for CSR                                                               formalizing an approach with a 2030
                                                                                                                                   timescale, 2022 will be devoted to
                                                                                                                                   initiating:

                                      To raise awareness and to mobilize all                Group subsidiaries and BUs present     • The assessment of our greenhouse
                                      employees on the path to sustainable                  their projects for assessment in one      gas emissions upstream from
                                      development, in 2014 the Group’s                      of the four following categories:         product production and usage
                                      governance created an internal                        Environment, Social, Societal or          (Scope 3), initially across a sample
                                      challenge dedicated to CSR: the CSR                   Innovation. Employees and a jury,         group of representative sites.
                                      AWARDS. This event has become                         made up of members from the            • Reflection on the definition and
                                      a tool for sharing and engagement                     Executive Committee and the Board         follow-up of quantitative objectives
                                      among and between teams around                        of Directors, select projects and         on key challenges in the current
                                      CSR best practice and issues.                         vote to choose and reward the best        Extra Financial Performance
                                                                                            among them in each category.              Report.

      For its fourth edition in October 2021, this event, previously organized in a presentation format, had to be re-imagined,
      to adapt to pandemic constraints. As such, this challenge was able to open its doors to all employees with an email
      address, thereby further encouraging the sharing of ideas and best practice.

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
Our CSR performance tackling the priority                                                                                                                                                    Our CSR       Our opportunities,     Contribution
                                                                                                                                                                                                                                                                                                                          2020-

challenges identified by the Group
                                                                                                                                                                                                                                                      Performance Indicators              2019       2020       2021      2021
                                                                                                                                                                                              pillars     risks, and challenges     to SDGs
                                                                                                                                                                                                                                                                                                                         Variation

                                                                                                                                                                                                          Plant                                  Crop surface area protected against
                                                                                                                                                                                                                                                                                        0.9        1.1        1.6
Within our strategy, we have prioritized our efforts on 10 major CSR challenges, each of which contributes                                                                                                protection                             hydric stress worldwide by our                                          +45%
                                                                                                                                                                                                                                                 MF55product (ha)                       million    million    million
to the United Nations’ Sustainable Development Goals (SDGs). The methodology for rating our CSR risks and
opportunities, as well as a description of each of these risks, is set out in the appendices to this document.
                                                                                                                                                                                                          Climate                                Quantity of biogas reused per year     16         18         18
                                                                                                                                                                                                                                                                                                                         =
                                                                                                                                                                                                                                                 (Nm3)                                  millions   millions   millions

                                                                                                                                                                      2020-
      Our CSR            Our opportunities,         Contribution                                                                                                                                                                                 Proportion of water returned
                                                                              Performance Indicators                   2019              2020           2021          2021                                                                                                              77%        80%        83%        +3 pts
       pillars          risks, and challenges         to SDGs                                                                                                                                                                                    compared to water used (%)
                                                                                                                                                                     Variation
                                                                                                                                                                                                          Circular
                                                                        TF2: frequency rate of accidents                                                                                                  economy
                                                                        with or without lost time for Lesaffre      14.5            11.8              13.0           +10%                                                                        Agricultural land area for which the
                        Employee health                                 employees                                                                                                                                                                potash needs are covered by our        230,000    215,000    217,100    +1%
                                                                                                                                                                                                                                                 co-products (ha)
                        and safety                                      TF3: frequency rate of accidents
                                                                        with or without lost time for Lesaffre      N/A             11.9              12.7           +7%
                                                                        employees and temporary staff

                                                                        Employee turnover rate for                                                                                      All Group CSR policies have been approved by the Executive Committee and signed-off by the Group Managing Director.
                                                                                                                    9.0%            9.9%              11.2%          +1.3%
                                                                        permanent staff                                                                                                 All employees can access this information on the internal CSR SharePoint platform.
                        Career
                                                                        Number of executives progressing on
                        and talent                                      an international trajectory
                                                                                                                    110             92                94             +2%
                        progression
                                                                        Rate of role changes in management
                                                                                                                    5%              14%               8%             -6 pts
                                                                        teams

                                                                        Number of employees involved
                                                                        in charitable actions with the              200             482               360            -25%
                                                                        ECHO program each year
                        Charity
                                                                        Number of charity projects identified
                                                                                                                    37              63                30             -52%
                                                                        via the ECHO platform each year

                        Product health
                        and safety                                      Percentage of sites covered by GFSI
                                                                                                                    72%             71%               75%            +4 pts
                                                                        (FSSC 22000, BRC, IFS) certification(s)
                        quality

                                                                        Equivalent number of people who
                        Human health                                    have received treatment based on            64.7            59.2              57.5
                                                                                                                                                                     -3%
                                                                        biosourced, yeast and yeast derivative      millions        millions          millions
                                                                        products

                                                                        Proportion of bread made with
                                                                                                                    1/3             1/3               1/3            =
                                                                        Lesaffre yeast worldwide

                        Food
                                                                        Number of consumers who benefit
                                                                                                                                    153               133
                                                                        from salt reduction thanks to               N/A                                              -13%
                                                                        Biospringer yeast ingredients                               millions          millions

                                                                        Equivalent proportion of milk and
                                                                        dairy products consumed worldwide
                                                                                                                    1/5             1/5               1/4            +25%
                                                                        covered by live yeasts and yeast
                                                                        additives produced by Phileo
                        Animal health
                        and nutrition
                                                                        Equivalent proportion of eggs
                                                                        produced or consumed in the world
                                                                                                                    1/7             1/6               1/6            =
                                                                        covered by Phileo live yeasts
                                                                        and yeast additives

1- The risk identified in 2020 “The Environmental Impact of Production” has been divided into 2 sub-challenges to emphasize the importance for the Group to specifically address the
   challenges linked to the climate and the circular economy. Information on the Group’s responsible purchasing has been purposely added to the current EFPR in chapter 1.3 ‘To act
   ethically in our business relationships’, since our ethics do not stem from the CSR risks analysis but are at the heart of our business relationships and policies.

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2O21 EXTRA FINANCIAL WORKING TOGETHER TO BETTER NOURISH AND PROTECT THE PLANET - Lesaffre
01
       WORKING TOGETHER
     to guarantee the safety and
     well-being of teams and local
             communities

18                                   19
Since the start of the global           Health protocols were put in place
                                                                                        pandemic, we have focused               promptly. The human resources
                                                                                        our efforts on safeguarding             teams bolstered their support
                                                                                        our employees’ health and               work, particularly in terms of
                                                                                        ensuring continued market               communication and training, to
                                                                                        access to our solutions.                best assist all employees. The Group
                                                                                                                                Quality, Safety and Environment
                                                                                        Since 2020, management of the           management team and the
                                                                                        Covid-19 health crisis has been         subsidiaries’ safety officers made
                                                                                        effectively organized at Group          it possible to provide subsidiaries
                                                                                        and regional level. Our products        and employees with surgical masks,
                                                                                        contribute to the food sovereignty      hydroalcoholic gel, thermometers,
                                                                                        of each country by supplying the        and other protective health
                                                                                        essential ingredients and solutions     equipment. The Group crisis unit,
                                                                                        for human and animal nutrition and      led by the Group Managing Director,
                                                                                        health, and crop protection.            has continued to operate in 2021 to
                                                                                        Drawing on our international            follow the developing situation, take
                                                                                        experience and our decentralized        the necessary health precautions and
                                                                                        structure in this way we have ensured   to maintain the link with employees.
                                                                                        the protection of all our employees
                                                                                        and guaranteed the continuity of        This year, engagement to help those
                                                                                        activities without stoppage, with the   hit hardest by the pandemic also

                                                     11,000                             exception of two weeks in China.        continued, through donations of
                                                                                                                                health equipment, and financial and
                                                     collaborators of                                                           food aid.

                                                     90
                                                     nationalities

     A key global player in                  By working together, we put human
     fermentation for nearly                 relationships at the heart of our
     170 years, Lesaffre,                    priorities. We share strong values,
     which is established on                 such as trust, humility, passion,
     every continent, counts                 entrepreneurial spirit, and respect,
     11,000 employees and 90                 which are an integral part of our
     nationalities.                          identity. We seek to build an enriching
                                             working environment and to develop
     On the strength of this experience      stimulating missions in a family
     and diversity, we work with our         business with an international reach.
     clients, partners, and researchers      This aim rests upon three pillars:
     to find answers to food, health, and    • To contribute to an exciting mission.
     environmental respect needs. As such,   • To grow within a worldwide network.
     every day, thanks to the passion and    • To make a personal impact.
     commitment of our teams we explore
     and reveal the infinite potential of
     yeast and microorganisms.

20                                                                                                                                                                      21
To ensure regular communication                                After four years of consecutive                           zero accident objective. To this end,
                                                                                   between these different bodies,                                reductions, the work accident                             since 2014 we have undertaken an
                                                                                   the Safety Community, which                                    frequency rates (TF2 and TF3)                             accident prevention and safety at
                                                                                   has operated for several years,                                have risen slightly compared to                           work approach applied and adhered
                                                                                   is tasked with facilitating our                                2020. As for the number of work                           to by all our subsidiaries. As part of
                                                                                   approach. It brings together 120                               accidents with lost time, that figure                     a continued drive to improve, our 10
                                                                                   employees including the subsidiaries’                          decreased in 2021 compared to                             fundamental principles were updated
                                                                                   safety officers and regional safety                            2020. The good performance                                in 2021. Our roadmap to ‘zero
                                                                                   coordinators. This community’s                                 shown in the deployment of BBS                            accident’ frames all our actions.
                                                                                   objective is to encourage sharing                              and the effective implementation
                                                                                   experiences, best practices, to                                of actions to improve in terms of
                                                                                   work through shared issues and to                              safety should result in the frequency
                                                                                   facilitate the effective deployment of                         rates improving from 2022, since
                                                                                   the safety policy within all sites.                            these actions have a delayed impact.                            Lesaffre participates in the
                                                                                                                                                  The work accident frequency rate                                United Nations’ ‘Good
                                                                                   The core team, made up of regional                             for employees including temporary                               health and well-being’
                                                                                   coordinators and the Quality, Safety                           staff (TF3) increased by 7% between                             Sustainable Development
                                                                                   and Environment management                                     2020 and 2021, during which time                                Goal: to guarantee the health
                                                                                                                                                                                                                  and safety of our employees.
                                                                                   team, organize a monthly update                                the work accident frequency rate
                                                                                   to communicate actions being                                   for employees alone (TF2) increased
                                                                                   undertaken, minimum safety                                     by 10% over the same timescale.
                                                                                   requirements, and accidents. Each                              Despite this rise in the 2020-2021
                                                                                   regional coordinator is tasked                                 period, the TF2 is still 13% lower than
                                                                                   with communicating the essential                               in 2019. The increase is principally
                                                                                   information to their regional                                  linked to the rise in the number of
                                                                                   community and coordinating the                                 accidents at certain sites, particularly
                                                                                   safety and accident prevention                                 in Europe. This increase had a direct

     To guarantee the health
                                                                                   actions at regional level.                                     effect on the Group indicators.
                                                                                                                                                  Specific action plans, including
                                                                                   The Group is developing a shared                               training and reinforcing BBS, have

     and safety of our employees
                                                                                   approach to accident prevention and                            been deployed at these sites.
                                                                                   work safety with the final objective
                                                                                   of zero accident, which is also                                We consider every accident to be
                                                                                   part of continued actions already                              one accident too many and we work
                                                                                   undertaken by each subsidiary.                                 actively to achieve the ambitious

     We enshrine our accident               We guarantee its application
     prevention and safety at               thanks to clear governance,
     work policy in an operational          established at each level of the             2021 Key performance                                                                    Other monitoring indicators
     excellence approach, which             Group:                                       indicators                                                                              in our action plans
     involves all permanent and             • The Industrial Director, also
     temporary employees and must             a member of the Executive
                                                                                         Accident frequency                                                                      Number of safety
     be adhered to without exception          Committee, leads the safety                rate with or without                    15
                                                                                                                                                     13.0                        inspections and
     by all our subsidiaries. To ensure       approach.                                                                                   11.8                                                                 N/A 12,500 15,000
                                                                                         lost time for Lesaffre                                                                  behavioral safety visits
     this challenge is managed at the       • The Group Quality, Safety and             employees (TF2)                                                                         (BBS)
     highest level, safety is an integral     Environment Director and
                                                                                                                               2019       2020      2021
     part of our strategic plan and           the Group Safety Coordinator                                                                                                                                     2019    2020    2021
     focuses on:                              supervise its implementation.
     • The development of a safety         • The safety coordinators for               Accident frequency
                                                                                                                               N/A        11.9       12.7                                                                      89 %
       and prevention culture.                each region are the link for this          rate with or without                                                                                                  N/A     82 %
                                                                                                                                                                                 Proportion of actions
     • The improvement of behavior           supervision at regional level.             lost time for Lesaffre
                                                                                                                                                                                 concluded from those
       in terms of safety.                  • The subsidiaries’ safety officers         employees and
                                                                                                                                                                                 identified during a BBS
     • The strengthening of managers’         oversee its application and               temporary staff (TF3)
                                                                                                                               2019       2020      2021                                                        2019    2020    2021
        safety leadership.                     adherence at local level.

                                                                                   2 - TF3 represents the accident frequency rate with or without lost time for Lesaffre employees and temporary staff.
                                                                                        TF3 = Total number of accidents * 1,000,000 / Total number of hours worked total.
                                                                                   3 - TF2 represents the accident frequency rate with or without lost time for Lesaffre employees.
                                                                                       TF2 = Total number of accidents * 1,000,000 / Total number of hours worked.

22                                                                                                                                                                                                                                               23
Our 10 fundamental principles
structure the Group’s safety approach
in each of our subsidiaries

01 02 03 04 05 06
Safety at work
prevention policy
                                       Safety manager                         Laws, regulations,
                                                                              and minimum safety
                                                                                                                     Accident analysis                       First aid and emergency
                                                                                                                                                             responder area
                                                                                                                                                                                                    Safety training
                                       Each subsidiary shall appoint a                                               Each subsidiary analyzes all work                                              Each subsidiary defines a safety
Annually, each subsidiary prepares
                                       competent individual to ensure the     requirements                           accidents (with or without lost time)
                                                                                                                                                             Each subsidiary has a dedicated area
                                                                                                                                                                                                    training program adapted to its
                                       application of and adherence to the                                           and puts in place corrective actions                                           activity and personnel. This program
or updates a safety at work                                                                                                                                  and equipment for treatment in case
                                       safety at work prevention policy.      Each subsidiary ensures compliance     to avoid repetition. The analyses and                                          includes local compulsory training
prevention policy signed by the                                                                                                                              of work accidents and a team of
                                       A prevention and safety committee      and monitoring of applicable local     actions must be formalized and set                                             and training recommended following
site manager. This policy states the                                                                                                                         responders relative to the function
                                       made up of representative site         safety laws and regulations.           out in a dedicated log.                                                        the risk assessment. Each subsidiary
commitment of the subsidiary in                                                                                                                              of its subsidiary and its personnel.
                                       personnel can complete the safety      Each subsidiary implements the                                                                                        also ensures initial safety training for
terms of actions, monitoring, and
                                       organization.                          Lesaffre minimum safety                                                                                               every new employee and training at
continuous improvement. It must be
                                                                              requirements.                                                                                                         workstations. This training must be
communicated, shared, deployed,
                                                                                                                                                                                                    formalized and tracked.
and checked.

07 08 09 10
Risk assessment                        Prevention and work
                                       safety action plans
                                                                              Safety inspections and
                                                                              behavioral safety visits
                                                                                                                     Safety indicators
Each subsidiary identifies and                                                                                       Each subsidiary sets up a monthly
evaluates the risks at work to which                                                                                 reporting process according
                                       Each subsidiary defines an             Each subsidiary organizes safety
its employees are exposed.                                                                                           to the 6 safety and prevention
                                       effective action plan to reduce, and   inspections and behavioral safety
This risk assessment must be                                                                                         indicators as defined by the Group:
                                       wherever possible, to eliminate the    visits with a frequency adapted
formalized and updated                                                                                               Accident frequency rate 1, 2 and
                                       occupational risks identified in the   to its activity and personnel.
at least once a year.                                                                                                3, Accident severity, Number of
                                       risk assessment document.              These formalized visits must
                                                                                                                     safety actions concluded/number
                                                                              make it possible to prevent risky
                                                                                                                     of actions opened, number of safety
                                                                              situations and monitor the practical
                                                                                                                     inspections and behavioral safety
                                                                              implementation of the action plan
                                                                                                                     visits carried out.
                                                                              referred to in point 08.

24                                                                                                                                                                                                                                      25
                                                                                                                                                                                                                                         1
To develop and protect
                                                                                                                                                                                    our human capital
                                                                                                                                                                                    Since its creation, Lesaffre has            The HR Leadership Team, which
                                                                                                                                                                                    capitalized on our employees’               includes the Group team and regional          While the number of executives
                                                                                                                                                                                    entrepreneurial spirit, innovation,         HR directors, works throughout the            progressing internationally and the
                                                                                                                                                                                    professional expertise, and diversity       year on operational applications of           permanent employee rate remained
                                                                                                                                                                                    to improve the Group’s international        the policy and the integration of best        relatively stable between 2020
                                                                                                                                                                                    success in bioindustry. The strength        practices within subsidiaries.                and 2021, the rate of change in
                                                                                                                                                                                    of its human capital enables Lesaffre                                                     Leadership Team roles decreased by
                                                                                                                                                                                    to attract and retain our employees by      It is supported in facilitating our           41%. In 2020, the rate of change in
                                                                                                                                                                                    offering them dynamic careers and by        commitments by a network of                   leadership roles was relatively high
                                                                                                                                                                                    investing in their skills development.      HR employees, functionally led                (14%), which compensated for a

                                                               Guaranteeing the application                                                                                         This commitment takes the form
                                                                                                                                                                                                                                by the HR management, which
                                                                                                                                                                                                                                helps our managers and covers all
                                                                                                                                                                                                                                                                              relatively low rate in 2019 (5%). The
                                                                                                                                                                                                                                                                              2021 rate translates to an annual

                                                               of our requirements and                                                                                              of a policy to attract and retain
                                                                                                                                                                                    talent borne by the Group’s Human
                                                                                                                                                                                                                                Group entities at regional, country,
                                                                                                                                                                                                                                subsidiary, and production site level,
                                                                                                                                                                                                                                                                              average trend (8%).

                                                               reinforcing our safety culture
                                                                                                                                                                                    Resources (HR) Director, a member           as close to our employees as possible.
                                                                                                                                                                                    of the Executive Committee. This            Our commitment, “To offer dynamic
                                                                                                                                                                                    policy affirms the Group’s wish to          career progression that values the
                                                                                                                                                                                    offer dynamic career progression            talent of employees and promotes                 By placing human relationships
                                                               To ensure the proper application of                            We have strengthened the efficacy                     that values the talent of employees         the potential of our teams’ initiatives”,        at the heart of our strategy and
                                                               our safety approach across all our                             of action plan follow ups established                 and promotes the potential of team          translates through two major                     encouraging youth employment,
                                                               subsidiaries, we have put in place                             after each safety visit and inspection.               initiatives. At Executive Committee         objectives:                                      Lesaffre participates in the
       Our                                                     three levels of monitoring:                                    Our teams concluded 89% of safety                     level, an HR sub-committee,                 • To attract and integrate the best             United Nations’ ‘Decent
                                                               • Behavioral safety visits (BBS),                             actions in 2021 (compared to 82% in                   comprised of operations and                    talent.                                       work and economic growth’
       perspectives                                              participative visits at workstation or                       2020).                                                functional managers, contributes to         • To create employee loyalty                    Sustainable Development
                                                                 task level.                                                                                                        decisions for the development of               and develop their skills.                     Goal.
       As part of our continued                                • Safety inspections, at production site                      To raise daily awareness among all                    social policies.
       improvement, we have                                      and workshop level.                                          our employees, in 2021 we launched
       identified the following                                • Safety audits carried out by regional                       a widespread safety communications
       work axes:                                                 coordinators, at site level.                                campaign. The campaign, translated
       •T
         o guarantee and                                                                                                     into 13 languages, was deployed
                                                                                                                                                                                       2021 Key performance                                         Other monitoring indicators
                                                               In 2021, we stepped up our                                     around seven themes including, Group
        monitor the application
                                                               behavioral visits and safety                                   safety culture, the main causes of                       indicators                                                   for our action plans
        of our 10 fundamental
        safety principles.                                     inspections. The aim of this approach                          accidents, and even the wearing of
                                                                                                                                                                                                                                                    Average of gender
                                                               is to improve our ability to prevent                           individual protective equipment. Each                    Employee turnover                                                                                      87.8
       •T
         o pursue improved                                                                                                                                                                                                                         Equality Index             N/A     86
                                                               risky behavior, strengthen our safety                          subsidiary benefited from explanatory                    rate for permanent        9%    9.9% 11.2%                   (8 French entities)
        behavior and the safety                                vigilance throughout our organization                          leaflets, posters, videos, and other
        culture, on a daily basis.                                                                                                                                                     staff
                                                               and thus prevent work accidents.                               tools, in particular to search out                                                                                                              2019    2020    2021
       •T
         o deploy new safety                                  Our employees and on-site safety                               risks, educational tools to reinforce                                             2019   2020    2021
        training.                                              managers carried out more than                                 individual responsibility in terms of
                                                                                                                                                                                                                                                    Number of nationalities
                                                               15,000 safety visits and inspections                           safety.                                                                                                                                                  12      13
                                                                                                                                                                                                                                                    represented among the      N/A
                                                               in the Group in 2021, which is
                                                                                                                                                                                                                                                    executives progressing
                                                               almost 20% more than in 2020,
                                                                                                                                                                                       Rate of role changes                                         internationally
                                                               thus surpassing the objective we set                                                                                                                    14%                                                    2019    2020    2021
                                                               ourselves. The safety and technical                                                                                     in Leadership Teams,                    8%
                                                                                                                                                                                                                 5%
                                                               teams worked to develop online                                                                                          in the TOP450
                                                                                                                                                                                                                                                    Number of countries
                                                               tools that optimize the performance                                                                                                              2019   2020    2021                                                    27      27
                                                                                                                                                                                                                                                    in which executives
                                                               of behavioral visits and safety                                                                                                                                                                                 N/A
                                                                                                                                                                                                                                                    are progressing
                                                               inspections via smartphones and
                                                                                                                                                                                                                                                    internationally
                                                               tablets.                                                                                                                                                                                                       2019    2020    2021

                                                                                                                                                                                       Number of executives                                         Proportion of Volun-
                                                                                                                                                                                                                110            94                                                     66.7
4 - A behavioral safety visit aims to establish a dialogue and develop shared reflection on how to alter behavior to improve safety. One or two visitors observe an employee at      progressing on an                  92                        teers for International    55.6           55.6
      their workstation. After the observation, the observers talk with the observed employee and ask questions so that the employee observed evaluates the risks and finds their      international                                                Experience (VIE) hired
      own solutions to improve safety.                                                                                                                                                 trajectory                                                   on permanent contracts
5 - A safety inspection involves a visual and technical inspection of a situation. It comprises a tour of the workshop or the production site, during which equipment                                          2019   2020    2021                                           2019    2020    2021
      and safety instructions are checked.
6 - A safety audit is carried out at site level by the coordinators.

26                                                                                                                                                                                                                                                                                                                  27
How to attract and integrate
                                                                                                                           the best talent?
                                                                                                                           By strengthening our
                                                                                                                           employer brand                             By constructing differentiated
                                                                                                                                                                      integration programs                        The aim is to increase our reputation
                                                                                                                           In an extremely competitive context,                                                   and build a pool of young talent. In
                                                                                                                           more than three years ago we               We are working to build                     2021, with this objective in mind, we
                                                                                                                           initiated work to strengthen and           differentiated integration journeys         specifically targeted partnerships to
                                                                                                                           improve our employer brand. Working        according to new employee profiles.         focus on the schools and universities
                                                                                                                           groups bringing together Lesaffre          These programs make it easier for           operating in the same activity
                                                                                                                           employees in China, France and             new recruits to take up their posts and     sectors as the Group. In 2021, we
                                                                                                                           in the Central and Eastern Europe          to fully integrate into the company.        also developed a fruitful partnership
                                                                                                                           region undertook a study to define a       In 2021, we focused on the definition       with two other major players in the
                                                                                                                           differentiating value proposition: to      of role types and career schematics         agri-food industry, Bel and METRO,
                                                                                                                           build a career at Lesaffre, is to have a   for industrial and sales talent from        with the ESSEC Business School
                                                                                                                           personal impact within a worldwide         their point of hire to strengthen the       Food Business Challenge Chair.
                                                                                                                           network united by a shared passion to      personalization of their integration        Additionally, we participated in an
                                                                                                                           better nourish and protect the planet.     journey.                                    event, the PhD Fair, to strengthen our
                                                                                                                           Work continued in 2021 to define and                                                   attractiveness among an audience of
                                                                                                                           communicate our employer brand.                                                        doctors and post doctorates, who are
                                                                                                                           As part of this, 80 recruiters were        By developing partnerships                  sought after by R&D.
                                                                                                                           trained in the employer brand to raise     with universities
                                                                                                                           their awareness. All the subsidiaries
                                                                                                                           also benefited from internal and           For several years, we have developed
                                                                                                                           external tools to share employer           partnerships with grandes écoles
                                                                                                                           brand messages. Also, the Human            (leading French higher education
                                                                                                                           Resources management team met              colleges) and universities in the
                                                                                                                           with each regional HRD to support          activity field or skills in which we have
                                                                                                                           them with the deployment of these          a particular interest.
                                                                                                                           tools.

Renewing our social commitment
to benefit our employees                                                                                                                                                                                           55.6%
                                                                                                                           How to create employee loyalty
                                                                                                                                                                                                                   International Volunteering
                                                                                                                                                                                                                   in Business (VIE) hired on
                                                                                                                                                                                                                   permanent contracts
In line with the HR policy, and to
structure the deployment of our
                                          highlighting career paths and making
                                          them readable for our employees.
                                                                                   To keep pace with the rapid changes
                                                                                   in our society and our activity, this
                                                                                                                           and develop their skills?
approach, the Human Resources team       •T
                                           o improve HR efficacy at a             roadmap is revised and presented
has established, with the Executive       worldwide level by digitalizing the      to the Executive Committee every 3
Committee HR sub-committee, a             HR process, and by clarifying the HR     years. It is developed every year as    By facilitating internal                   detection of talent. These routes           • Priority access for our employees
roadmap setting out the priority work     teams’ roles and responsibilities at     part of the fiscal year and monitored   and international mobility                 cover all industrial talent, in other         to all job vacancies published by the
axes from now until 2024. It rests on     all levels of the organization.          twice a year by the HR Leadership                                                  words 60% of Group employees and              Group through a dedicated online
five commitments:                        •T
                                           o support the Group’s development      Team (HRLT). HR leaders were                                                       will be applied progressively to sales        tool, available in all subsidiaries.
                                                                                                                           In 2021, to facilitate our employees’
• To strengthen attractivity by          by preparing the industrial leaders of   appointed in 2021 for each pillar of                                               talent. This project complements all        •L  inking each employee to an HR
                                                                                                                           internal and international mobility, we
  improving the talent acquisition        tomorrow and professionalizing the       the HR roadmap to structure and                                                    actions that we have put in place to          manager, to offer a personalized
                                                                                                                           carried out a job title harmonization
  process and strengthening our           HR community.                            monitor key actions, with the support                                              encourage internal and international          follow-up.
                                                                                                                           project for two professional career
  employee brand.                        •T
                                           o be a catalyst for cultural changes   of a working group, made up of                                                     mobility:                                   • The development of Volunteers for
                                                                                                                           routes: the “expert” route and the
• To optimize the employee               by anticipating new types of work        members of the HR community.                                                       •A process of annual interviews               International Experience contracts
                                                                                                                           “management” route. This project
  experience by promoting                 and by preserving the human factor                                                                                            and people reviews, which make               (VIE).
                                                                                                                           defined a common language to bring
  management role models, by              in the culture and relationships                                                                                              it possible for us to coordinate the
                                                                                                                           coherence between the regions in
                                                                                                                                                                        matching of our employees needs
  systemizing annual interviews for       within the Group.                                                                which we operate by facilitating
                                                                                                                                                                        and skills.
  managers and experts, and by clearly                                                                                     the identification of needs and the

28                                                                                                                                                                                                                                                     29
To act ethically
By encouraging taking the                 In all our French businesses, the          of staff. Conscious of their social
initiative and collaboration              social dialogue is structured around       impact, our businesses also sign
                                          Employee Representative Bodies             partnerships with establishments

                                                                                                                               in our business
                                          with trade union pluralism expressed       adapted to or working in a targeted
Dedicated training programs enable
                                          through an electoral process.              manner with ESAT (A French non-
our managers to develop their
                                                                                     profit organization that helps people
management, leadership and project

                                                                                                                               relationships
                                          In 2021, 18 agreements were signed         with disabilities into work) or EAs
management skills while also sharing
                                          by the Group’s French entities on the      (disability-friendly companies)
the Group’s values. For several
                                          following subjects:                        for certain general purchasing, to
years, our internal academy, The
                                          •R  emote working: Augrauxine, LIS.       broaden their positive contribution
Léon Lesaffre Training Institute,
                                          • Incentives: Agrauxine. Renewal for      and to encourage the employment
has enabled us to boost our leaders’
                                            LINT, SIL.                               of people with disabilities. Among
expertise. In 2021, we worked to
                                          •M  andatory Annual Negotiation:          the actions undertaken in 2021, the
launch an online academy, which                                                                                                All our activities and our business dealings rest upon our ethical values,
                                            Ennolys, LIS, SIL, SILFALA ;             Biospringer Business Unit organized
makes it possible for all our managers                                                                                         integrity, respect for people and the environment. These values are
                                            Compulsory.                              an awareness day on visual disabilities
to access a library of career paths and                                                                                        at the heart of all our policies and we make sure they are shared by
                                          •S  ocial and Economic Committee          with the Valentin Haüy Professional
managerial training resources, from                                                                                            each of our stakeholders. A standard-setting player globally, we have
                                            (SEC): SILFALA.                          Reeducation Training Centre to
the finest universities.                                                                                                       a responsibility to take into account social, societal and environmental
                                          •P  rofessional equality: LIS, Ennolys.   coincide with the European week
                                          •C  ompulsory Company Pension             for the employment of people with         issues across our entire value chain and particularly at each stage of
                                            Savings Scheme: LIS, Lint, SIL.          disabilities.                             our purchasing process. Our Sustainable and Responsible Purchasing
By listening to our employees             •A  rduous work: LIS.                                                               approach, led by the Group Purchasing management team, is being
                                          •S  pecific agreements: agreement to      Gender equality is one of our             created and currently represents one of the 6 pillars of our purchasing
Above and beyond the objectives             deploy additional shifts and a drying    long-term commitments. We focus           strategy: to integrate ESG (Environmental, Social, Governance) criteria
set by our policy to attract and            agreement extension amendment            our attention both at the level of        in the management of our purchasing.
retain talent, we are committed to          for LIS.                                 leadership bodies, the leadership
guaranteeing working conditions that                                                 teams, and also at industrial site
respect our employees. At worldwide                                                  level. We publish annually the gender
level, we have launched several
                                          By offering an inclusive and               equality index for the Group’s eight
studies, in particular on the subjects                                               French entities in accordance with the
of renumeration and social security,
                                          open working environment
                                                                                     5th September 2018 “Professional
to get closer to employee needs.                                                     Future” law. The professional equality
                                          Each entity within the Group
                                          ensures they welcome and support
                                          candidates and employees with a
                                                                                     index average for these eight entities
                                                                                     is 87.8 out of 100 for 2021, an           Engaging our suppliers to respect
                                          disability by organizing awareness
                                          activities with directors, HR teams,
                                                                                     increase compared to 2020.
                                                                                                                               our ethical principles
                                          managers, and employees. These
     Our                                  measures are led locally by the
     perspectives                         entities and take into account the
                                          following structural specifics: nature
                                                                                                                               It is essential that our suppliers and
                                                                                                                               partners share the ethical principles
                                                                                                                                                                                                • To offer quality products and services
                                                                                                                                                                                                  that meet our clients’ needs.
                                          of the roles, age structure, number                                                  we have set ourselves. To engage                                 • To develop innovation in all our fields
     • To launch our                                                                                                          our suppliers, from 2017 we have                                   of activity.
       e-learningplatform and                                                                                                  formalized a Suppliers’ Charter, the                             • To encourage the respect and
       significantly broaden                                                                                                   requirements of which are inspired                                 development of our partners
       our training offering.                                                                                                  by the recommendations of the                                      throughout their journey in the
     • To formalize and                                                                                                       Organization for Economic Cooperation                              business.
       standardize our gender                                                                                                  and Development (OECD), the                                      • To manage the consequences
       equality approach,
       on a worldwide level.
                                                                                                         87.8/100              International Labor Organization (ILO),
                                                                                                                               the United Nations Global Compact and
                                                                                                                                                                                                   of our activities by undertaking
                                                                                                                                                                                                   environmentally responsible actions.      An internal communications plan
                                                                                                         the average gender
                                                                                                         equality index        the Universal Declaration of Human                                                                            facilitated the deployment of this
     • To continue reflection
                                                                                                         (8 French entities)   Rights.                                                          We expect our suppliers to conform           charter among our purchasing
        around the promotion
                                                                                                                                                                                                to the 12 commitments in the Charter,        community in all our subsidiaries.
        of participation in
                                                                                                                               This charter, available on our website,                          particularly concerning the respect          It was sent to every Lesaffre
        physical and sporting
                                                                                                                               is applicable to all our suppliers and                           of current regulations, standards, and       International supplier, and we
        activities.
                                                                                                                               presents, above and beyond our                                   laws, our values in terms of ethics,         strive to continue its deployment
                                                                                                                               expectations for our suppliers, our own                          safety, well-being, and sustainable          with all our suppliers.
                                                                                                                               commitments:                                                     development.

                                                                                                                               7 - The Suppliers’ Charter is available on our website lesaffre.com

30                                                                                                                                                                                                                                                                            31
Integrating CSR challenges                                                                                                    Reducing our packaging and
in our purchasing processes                                                                                                   encouraging the use of sustainable
                                                                                                                              and innovative solutions                                                                Our
To identify our strategic suppliers and   competition law and misappropriation.     all useful documentation concerning                                                                                               perspectives
to enable us to prioritize our action     Each buyer can thus evaluate their        the implementation of their CSR
plans, we have mapped the supplier        suppliers’ risk level in terms of these   strategy, where appropriate. This is a    For several years, the Purchasing            For example, we initiated, in              •T
                                                                                                                                                                                                                        o finalize the
risks that integrate CSR criteria. This   subjects, enabling us to establish a      first step towards strengthening our      Management team has worked with              collaboration with the production           Sustainable and
map was developed by the Group            strategic list of suppliers on whom we    evaluation process for our suppliers’     the Packaging department to find             sites and the Industrial, Research and      Responsible Purchasing
Risk Management team and includes,        can focus.                                CSR performance.                          innovative solutions to reduce our           Development, Quality, Group Sales           roadmap in accordance
above and beyond market, strategic                                                                                            packaging and optimize the use of            and Marketing management teams,             with the Group CSR
and operational risks, several social     To gain insight into the CSR                                                        recyclable packaging, while meeting our      a large-scale project with the aim of       strategy.
criteria. These include corporate         performance of the suppliers with                                                   quality and food safety requirements.        replacing our non-recyclable plastic and
                                                                                                                                                                                                                      •T
                                                                                                                                                                                                                        o lead the Purchasing
societal responsibility, fraud and        whom we work, we collect, during                                                    To do this, we have prioritized the          aluminum films with recyclable films. To
                                                                                                                                                                                                                       community and train
corruption risks, the risk linked to      the tendering and approval phases,                                                  following work axes:                         orientate our action plans towards the
                                                                                                                                                                                                                       our buyers in the
                                                                                                                              • The lightening of films and cardboard.    more effective solution to improve the
                                                                                                                                                                                                                       integration of CSR
                                                                                                                              • A reduction of the thickness of plastic   sustainability of our yeast packaging, a
                                                                                                                                                                                                                       issues throughout the
                                                                                                                                and aluminum films.                        global assessment of available expertise
                                                                                                                                                                                                                       purchasing process.
                                                                                                                              • A reduction of the surface used by        has been launched.
                                                                                                                                films per packaging unit.                                                             •T
                                                                                                                                                                                                                        o obtain Ecovadis
                                                                                                                              • The identification and substitution                                                   rating at Group level
                                                                                                                                 of non-recyclable materials with                                                      before the end of the
                                                                                                                                 recyclable materials.                                                                 2022 exercise.
                                                                                                                                                                                                                      •T
                                                                                                                                                                                                                        o establish a specific
                                                                                                                                                                                                                       roadmap for packaging
                                                                                                                                                                                                                       purchasing.

Being a responsible partner
Above and beyond what we expect              responsible attitude with regards to
from our suppliers, we also commit to        our suppliers and to paying them in    • We aim to deploy the Ecovadis
being a responsible partner ourselves.       accordance with the applicable laws       rating at Group level. In 2021, five
• Our suppliers are selected                and regulations. We rigorously and        Lesaffre entities attained Ecovadis
   according to a standardized and           regularly control the timescales for      rating: Agrauxine, SIL, Biospringer
   fair procedure. The Purchasing            supplier payments.                        North America, Biospringer Group,
   management team applies the            • The Purchasing Function aims to           Lis France. Other entities, such as
   principle of free competition and         encourage the suppliers with whom         Guangxi Yipinxian Biotechnology,
   rejects unambiguously all corrupt         we work towards greater innovation        will initiate the process in 2022.
   practices.                                and progress, technically as well as
• We commit to adopting a                   socially.

32                                                                                                                                                                                                                                                33
In 2021, we saw a decline in the number of actions undertaken. This is
                                                                                                                                                                       explained by the exceptionally significant number of projects linked to the
                                                                                                                        Distribution of projects                       2020 global pandemic, which at that time represented almost 40% of our
                                                                                                                        of the ECHO program                            actions. After this exceptional year, the number of projects returned to a more

                                      To contribute
                                                                                                                                                                       usual level. In fact, the number of charitable projects undertaken through the
                                                                                                                        in 2021                                        ECHO program dropped more than 50% between 2020 and 2021, but by less
                                                                                                                                                                       than 20% between 2019 and 2021. As for the number of employees involved
                                                                                                                                                                       in our charitable projects, it decreased by 25% between 2020 and 2021, but

                                      to the long-term
                                                                                                                            MUTUAL AID
                                                                                                                                                                       increased by 80% in 2021 compared to 2019. Meanwhile, the setting up of
                                                                                                                            EDUCATION                                  actions described in the rest of this chapter aims to increase the number of
                                                                                                                                                                       projects in years to come.
                                                                                                                            ENVIRONMENT

                                      economic and social                                                                   SPORTS & HEALTH
                                                                                                                            CULTURE
                                                                                                                                                                       To achieve this objective, our charitable policy is set out around three
                                                                                                                                                                       commitments:

                                      development of
                                                                                                                                                                       • To encourage each subsidiary and Business Unit to undertake a charitable
                                                                                                                                          2                              policy through the ECHO program.
                                                                                                                              6                                        • To enable each employee to support a project.
                                                                                                                                                                       • To participate in local economic and social life by implementing actions that

                                      local communities                                                                 0                                                 promote employment, education, training, and health to reconcile economic
                                                                                                                                                                          activity and societal well-being.

                                      Lesaffre has a presence in numerous countries where the local populations
                                      face difficulties in terms of health, nutrition, food, the environment, and                                                              The action plans linked to these objectives are
                                      education. Thanks to its global establishment and strong local ties, we                                                                  described in the rest of this chapter and enable us
                                      have the necessary proximity to pursue our mission and our charitable                                                                    to contribute to the ‘Quality education
                                      commitment: to better nourish and protect the planet and to contribute                                                                   for all’ and ‘Good health and well-being’
                                      to the economic and social development of local communities, while                      10                             12
                                                                                                                                                                               Sustainable Development Goals.
                                      respecting their needs and their environment.

                                      This commitment is part of our DNA and is formalized in a charity policy in
                                      which the actions are, for the most ambitious, signed off by the Executive
                                      Committee. The charity, donations, and partnerships hub, led by the Group
                                      Communications management team, implements this policy and leads the

                                                                                                                    Developing the ECHO charitable program
                                      different action plans.

     2021
                                                                                                                    Our ECHO program has existed for              are selected according to four main           and Business Units after a review of
     Key performance                                                                                                3 years and a total of 130 charitable         criteria:                                     the dossiers by the ECHO committee
     indicators                                                                                                     projects have been implemented                • Their coherence with the Group             or the Executive Committee CSR sub-
                                                                                                                    since its creation. It brings together          mission: to better nourish and              committee, depending on the amount
     30 charitable projects carried                                                                                 all our charitable actions, which               protect the planet.                         requested. The review committee
     out by the ECHO program                                                                                        can each be carried out by one or             • Their relevance in terms of the local      meets regularly throughout the year
                                                                                                                    more employees. Our charitable                  communities’ needs, above and               to avoid delaying the implementation
                                                                                                                    actions cover five areas: education,            beyond the Lesaffre mission.                of projects.
                63                                                                                                  mutual aid, sport and health, the             • The geographic location with
       37                30
                                                                                                                    environment, and culture.                       respect to the Group’s presence to          Three funds co-exist:
                                                                                                                                                                    ensure on-the-ground monitoring.            • A Matching Fund to increase the
      2019     2020     2021
                                                                                                                    To develop this program, ECHO                 • The commitment of one of more                 reach of a project. The amount
                                                                                                                    correspondents have been identified              employees to establish an ongoing             allocated by our subsidiaries/BUs
                                                                                                                    and make it possible to share                    and constructive relationship with            can be doubled by this fund.
     360 employees involved in our                                                                                  communications about the program.                the association supported.                 • A New Project Fund to venture to
     charitable projects per year                                                                                   They help project leaders to define                                                            create an initial project: this fund
                                                                                                                    the actions of solidarity that can            To encourage our subsidiaries and                makes it possible to launch with
                                                                                                                    be set up with associations. The              Business Units to get more involved              100% Group finance for the first
               482                                                                                                  program also benefits from an online          in the economic and social life of               year, which is progressively reduced
                         360
                                                                                                                    platform, a central register for projects     communities, the ECHO program                    for the two following years.
      200
                                                                                                                    undertaken by subsidiaries and                also benefits from several funds              • An Emergency Fund to help during
                                                                                                                    Business Units around the world. In           based on a matching system, which                a natural, health or industrial
      2019     2020     2021                                                                                        this way, employees can propose new           makes it possible for them to provide            disaster.
                                                                                                                    charitable projects or get involved           additional financial support. The
                                                                                                                    in projects already under way. The            ECHO Group Fund is allocated based
                                                                                                                    projects that join the ECHO program           on applications from our subsidiaries

34                                                                                                                                                                                                                                                   35
[Project 2] In Egypt,                       Lesaffre Egypt mobilized to develop
                                                                                                                       giving deaf people better                   a multi-skills training program with
                                                                                                                                                                   the aim of offering opportunities to
                                                                                                                       opportunities to integrate
                                                                                                                                                                   deaf and hard of hearing people to
                                                                                                                       in their community                          pursue a professional goal in the field
                                                                                                                                                                   of baking. The 21 subjects taught
                                                                                                                       In the Baking Center™, 10 Lesaffre
                                                                                                                                                                   covered the technical aspects of
                                                                                                                       Egypt employees shared their know-
                                                                                                                                                                   baking, quality and safety monitoring,
                                                                                                                       how with 12 deaf people, during
                                                                                                                                                                   as well as computer and soft skills.
                                                                                                                       more than 4,900 hours of training.
                                                                                                                                                                   Entirely carried out and financed
                                                                                                                       In Egypt, as in other countries, deaf
                                                                                                                                                                   by Lesaffre, the training program
                                                                                                                       or hard of hearing people are often
                                                                                                                                                                   was able to start in September
                                                                                                                       socially isolated. They face difficulties
                                                                                                                                                                   2020, thanks to a driven and multi-
                                                                                                                       accessing education and professional
                                                                                                                                                                   discipline team, including human
                                                                                                                       training, and then encounter
                                                                                                                                                                   resources, other support functions
                                                                                                                       problems finding a job and a place in
                                                                                                                                                                   and the Baking Center™.
                                                                                                                       their community.

     Our
     perspectives                Encouraging our employees                                                                                                           [Project 3] In Mexico,                  vulnerable population in the face of
     Our short-term priority
     work axes are linked to
                                 to get involved through                                                                                                             supporting care personnel
                                                                                                                                                                     and the vulnerable
                                                                                                                                                                                                             the Covid-19 crisis on two fronts:
                                                                                                                                                                                                             • 71,000 pieces of protective health
     our charitable policy
     commitments:
                                 the CSR Awards                                                                                                                      population in the face
                                                                                                                                                                     of the Covid-19 crisis
                                                                                                                                                                                                                equipment were given to frontline
                                                                                                                                                                                                                pandemic health workers in six
                                                                                                                                                                                                                hospitals.
     • To increase each year                                                                                                                                                                                • 3,906 families in neighboring
       the number of mutual                                                                                                                                          In Mexico, the government response         communities affected by the
                                                          In 2021 the fourth edition of the CSR Awards took                                                          to the global pandemic was slow and
       aid projects carried                                                                                                                                                                                     economic crisis caused by the virus
       out by our employees,                              place. This internal challenge dedicated to CSR projects,                                                  disorganized, which severely affected      received food parcels thanks to our
       subsidiaries, and                                  included a round table dedicated to skills charity to                                                      the economy in 2020. Employees at          partnership with a food bank.
       Business Units                                     explain our 2024 commitment: that 15% of our entities                                                      Safmex, our subsidiary in Mexico,
       throughout the world.                              will have have set up a skills charity program.                                                            supported care personnel and the
     • To develop each
        year charitable skills                            In October 2021, 16 projects were presented in the
        partnerships.                                     societal category. Among them, 4 charitable funding and
                                                          skills charity projects were chosen to participate in the
                                                          final:

                                                                                                                       [Project 4] In Vietnam,                     production), Phileo offered alternative
                                 [Project 1] In Zambia,                      vulnerable in the face of climate
                                                                                                                       offering training to livestock              solutions to the antibiotics used daily
                                 forming a research                          change. The program contributes to                                                    to prevent disease in family chicken
                                                                             helping the livestock farmers earn a
                                                                                                                       farmers to help them to
                                 partnership with a vet to help                                                                                                    farms. At the end of this project,
                                                                             living from their livestock activities    reduce antibiotic use in their              antibiotics use had reduced by 66%
                                 local livestock farmers                     while training them in the intrinsic      livestock                                   and the chicken mortality rate had
                                                                             links between human, animal, and                                                      dropped by 40%.
                                 In Zambia, on the edge of the Kafue                                                   Phileo by Lesaffre set up a training
                                                                             environmental health. R&D experts
                                 National Park, Phileo by Lesaffre has                                                 program for traditional chicken
                                                                             from Phileo help to train the livestock                                               This initiative responds to the United
                                 launched a research partnership with                                                  farming families in the Mekong Delta
                                                                             farmers, with the aim of improving                                                    Nations’ objectives for Food and
                                 the Melindika association with the                                                    to help them reduce antibiotic use
                                                                             production and preventing disease                                                     Agriculture, which identified family
                                 aim to encourage rural development                                                    in their livestock over a period of 3
                                                                             in their cattle, their source of income                                               farms as a major player to promote
                                 by supporting livestock farmers. The                                                  years. This project involved 300 vets
                                                                             and food.                                                                             sustainable development and to
                                 1.5 million Zambian farmers who                                                       and 115 farmers. In collaboration
                                 produce the major proportion of                                                                                                   eradicate hunger.
                                                                                                                       with Viparc (Vietnamese platform for
                                 national food supplies are extremely                                                  antimicrobial reduction in chicken

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