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NATURAL
CAPITAL

Our priority is to deliver strong, resilient operational and financial performance across the farmland assets we operate.

We design and run integrated agricultural systems across livestock, cropping, and agroforestry that improve productivity, reduce input dependency, and increase resilience to climatic and market volatility.

Growing natural capital reinforces, rather than competes with, long-term asset performance.

2,768

ha of regenerative grazing

23,067

ha of grass fed cattle

13,467

ha of conservation areas

9.6 M

m3 rainwater storage capacity

Healthy living soils
Microbial diversity
Nutrient density
Robust crop growth
Increased soil carbon
Resilient farmland
Improved soil structure
Meaningful employment
Natural animal behaviours
Durable water resources
Preserved local ecosystems
Enhanced social well-being
Reduced carbon footprint
Healthy living soils
Microbial diversity
Nutrient density
Robust crop growth
Increased soil carbon
Resilient farmland
Improved soil structure
Meaningful employment
Natural animal behaviours
Durable water resources
Preserved local ecosystems
Enhanced social well-being
Reduced carbon footprint
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SOIL MANAGEMENT

We focus on building well structured, biologically active soils to support consistent productivity across livestock, cropping, and agroforestry systems.

Our operating practices prioritise soil function because it underpins forage stability, crop performance, water infiltration, and nutrient cycling. We apply proven regenerative practices including adaptive multi paddock grazing, diversified crop rotations, permanent ground cover, reduced soil disturbance, and lower reliance on synthetic fertilisers and pesticides.

These practices improve yield stability and reduce operating risk over time. We monitor soil condition regularly to inform management decisions and track progress.

SOIL MANAGEMENT
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ANIMAL WELFARE

Animal health and welfare are integral to the performance of ourlivestock systems and the efficiency of integrated crop livestock operations.

We operate pasture based and mixed systems, manage stocking ratesrigorously, and ensure continuous access to clean water and appropriatenutrition tailored to breed, age, and condition.

We follow strict veterinary protocols, including preventive healthprogrammes, vaccinations, and prompt treatment of illness or injury. We do notuse growth promoting hormones and enforce high standards for animal handlingand transport.

ANIMAL WELFARE
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NATURAL RESOURCE CONSERVATION

We allocate land intentionally between productive use and conservationto protect system integrity across farming and forestry operations.

Approximately one third of the land we operate is dedicated to theconservation of natural habitats, watercourses, and ecological buffers. Thisreduces degradation risk, supports biodiversity, and protects the productivebase of our livestock, cropping, and agroforestry systems.

We carry out detailed inventories of flora and fauna and implementtargeted actions such as native tree planting, habitat restoration, and themaintenance of wetlands, riparian zones, and wildlife corridors.

NATURAL RESOURCE CONSERVATION
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WATER SYSTEM RESILIENCE

Water security is a core operational priority across livestock,cropping, and forestry systems.

We manage existing water resources carefully and invest capital toimprove storage, distribution, and reliability. Although our properties benefitfrom natural water availability, we allocate approximately two percent of totalland area to rainwater harvesting, storage, and distribution systems forlivestock and crops.

We continue to invest in reservoirs, paddock and field leveldistribution networks, and infrastructure that improves drought resilience,supports nutrient cycling, and protects soil health.

WATER SYSTEM RESILIENCE
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GREENHOUSE GAS EMISSIONS REDUCTION

Our operations in Uruguay connect to a national electricity grid with ahigh share of renewable generation.

Our pasture-based livestock systems, rainfed cropping, and forestryactivities are structurally lower emission than input-intensive alternatives.Irrigated cropping systems present higher carbon intensity and require activemanagement.

Certain operating systems, particularly those combining permanentground cover, managed grazing, and vegetation regeneration, may have thepotential to deliver net carbon positive outcomes over time. We view this as anemerging system characteristic rather than a measured or guaranteed result.

We may, in the future, assess emissions profiles and evaluate the scopeto generate verified carbon outcomes where this aligns with long-termoperational performance and asset management, rather than short-term carbonmarket incentives.

GREENHOUSE GAS EMISSIONS REDUCTION
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Rural Employment Opportunities

Stable, skilled rural employment supports execution quality acrossdiverse agricultural systems.

Our operations generate long term employment in rural areas withlimited alternatives. We invest in training, safe working conditions, andskills development to retain experienced teams capable of managing livestock,cropping, and agroforestry operations.

We view workforce stability and local knowledge as contributors toasset performance and risk management.

Rural Employment Opportunities
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