Wilson Sons S A : Sustainability Report 2023

2023 Sustainability Report

Contents

Salvador Container Terminal

3 Introduction

3 About the Report

5 Materiality of the Report

7 Highlights of 2023

8 Message from the CEO

11 Wilson Sons

16 Value Creation

23 Corporate Governance

27 Ethics, Transparency and Integrity

31 Risk Management and Controls

34 Innovation and Technology

40 Sustainability Journey

42 Safety

49 People

57 Climate Change and Energy

74 Water, Waste and Biodiversity

81 Customers and Suppliers

86 Communities and Human Rights

92 Attachments

93 Complement to GRI Disclosures

103 GRI Content Index

Presentation	Message from the CEO	Wilson Sons	Safety	People	Climate Change and Energy	Water, Waste	and Biodiversity	Customers and Suppliers	Communities and Human Rights Attachments

About the Report

Wilson Sons is the largest port and maritime logistics operator in Brazil with a strategic business portfolio for the country. Its sustainability report is published annually to inform different audiences about how the Company manages environmental, social and economic risks, impacts and opportunities in an integrated manner across all of its business segments.

Transparency is one of the pillars guiding the Company's relationship with stakeholders. The report complies with GRI Standards prepared by the Global Reporting Initiative and seen as an international benchmark for broadcasting sustainability management.

The GRI disclosures presented were prioritised according to the materiality review study carried out in 2023 (read more about this on page 5). The data provided reflects the Company's

performance between 1 January and 31 December 2023 of the container terminals, logistics centre, towage, support bases, shipyards and shipping agency businesses.

The joint ventures, affiliated companies and Allink are not part of the reporting scope. In the annual consolidated financial statements, in accordance with IFRS (International Finantial Reporting Stadards), these companies are consolidated in agreement with the accounting pronouncement entitled Investiment in Associates, Subsidiaries and Joint Ventures.

The report was approved by the executive board of Wilson Sons. The financial data obtained from the financial statements, and data of those related to the greenhouse gas inventory were assured by independent external audit.

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Wilson Sons | 2023	Sustainability Report	Shipyard Guarujá	3

Presentation	Message from the CEO	Wilson Sons	Safety	People	Climate Change and Energy	Water, Waste and Biodiversity	Customers and Suppliers	Communities and Human Rights Attachments

This publication also bears witness to Wilson Sons' efforts to manage risks and opportunities associated with the impacts of climate change on its businesses. Accordingly, content relating to this topic is aligned with the international framework of the TCFD (Task Force on Climate-related Financial Disclosures).

The document also identifies how Wilson Sons works to integrate respect for human rights, environmental protection, the promotion of decent work and the fight against corruption into

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Wilson Sons | 2023 Sustainability Report

its strategy. As a signatory of the UN Global Compact, the Company is

committed to upholding these universal principles and integrating the SDGs (Sustainable Development Goals) throughout its business and value chain.

Readers can send comments and suggestions on the 2023 sustainability report of Wilson Sons to [e-mail].

We hope you enjoy reading this report!

Rio Grande Container Terminal

4

Presentation

Message from the CEO

Wilson Sons

Safety

People

Climate Change and Energy

Water, Waste and Biodiversity

Customers and Suppliers

Communities and Human Rights Attachments

Materiality of
the Report
Materiality allows us to identify the most relevant	Protection of			Communities
Biodiversity
topics for governance and accountability in corporate	and Coastal			and Human
		Rights
sustainability management. Revised every five	Ecosystems
years, the material topics were updated based on
an in-depth study conducted in 2023, in line with the	Water,			Diversity,
principles of the GRI 2021 Standard and the IFRS S1	Waste and			Human
		Development
Standard of the ISSB (International Sustainability	Effluents	E	S	and Health
Standards Board), thereby incorporating the double
materiality concept (financial and impact).	Climate
	Change and			Safety1
	Energy1
This page was developed with		G
interactivity.	Information		Engaging the
Click on the material topic		Value Chain in
Security1
icons to learn more about the				Sustainability
impacts, risks and opportunities
covered by each of them. To return		Economic		Ethics,
to the initial page view, click the
	Impact of		Transparency
grey button at the bottom of		Business1		and Integrity1
the infographic.

Back to

the initial

screen

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1. Material topics from the financial and impact perspectives.

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Presentation

Message from the CEO

Wilson Sons

Safety

People

Climate Change and Energy

Water, Waste and Biodiversity

Customers and Suppliers

Communities and Human Rights Attachments

The review included an evaluation of documents and disclosures of the sustainability agenda of firms operating in the same sector as the Company in Brazil and overseas. It also took into account the key references and topics of international frameworks, market indices and ESG (Environmental, Social and Governance) ratings.

The construction of materiality incorporated the perspective of strategic audiences, prioritised from the integrated vision of the managers of Wilson Sons' administrative and operational areas. Around 640 representatives of the following stakeholders took part in an online survey: employees, customers, suppliers, investors, non-governmental organisations, trade associations, members of local communities, universities and research centres.

Additionally, interviews with Company leaders informed the review of the materiality matrix, aiding in the identification of strategic priorities, impact assessments, and long-rangesocio-environmental and corporate governance outlooks.

The gathered inputs enabled Wilson Sons to identify ten material topics reflecting the primary impacts to be managed and conveyed. Five of them also significantly influence the ability to create financial value, further prioritised because of their financial materiality. The material topics were also correlated to the SDG, allowing the prioritisation of those most closely related to the impacts, risks and opportunities identified by the study. The results were approved by the Company's executive board.

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Wilson Sons' tugboat

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Presentation

Message from the CEO

Wilson Sons

Safety

People

Climate Change and Energy

Water, Waste and Biodiversity

Customers and Suppliers

Communities and Human Rights Attachments

Highlights of 2023

R$ 2,427.2

million in net revenue

up 6.8% from 2022

R$ 404.9

million in net income

up 19.5% from 2022

R$ 1,027.2

million in EBITDA

up 9.4% from 2022

0.20

accident frequency rate

Lowest level on record

4

new RSD 2513 tugboats operating

Greater efficiency and lower emissions

12

fully electric yard tractors operating at the Salvador container terminal

Launch of the diversity guide for all employees

1st place in the

100 Open Startups Ranking

(transportation and logistics)

Recognition with the

2022/2023 Pró-Ética (Pro-Ethics) Seal

Wilson Sons | 2023 Sustainability Report

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Presentation

Message from the CEO

Wilson Sons

Safety

People

Climate Change and Energy

Water, Waste and Biodiversity

Customers and Suppliers

Communities and Human Rights Attachments

Message from the CEO

As we present the Wilson Sons Annual Sustainability Report for 2023, we stand at the intersection of our historic legacy and our commitment to shaping a sustainable future. With more than 186 years of operation, Wilson Sons has become synonymous not only with

the excellence and efficiency of our port and maritime logistics services in Brazil but also with our steadfast dedication to driving the prosperity of global trade and contributing positively to the country's competitiveness.

In a year marked by the evolving global logistics landscape, our team has shown unparalleled growth and adaptability. Our achievements in 2023 - reflected in a notable 19.5% profit increase and a 6.8% revenue growth

• underscore our operational strength and strategic foresight. These financial milestones, complemented by a 9.4% rise in EBITDA, are a testament to our relentless pursuit of excellence across our towage, container terminals, and offshore energy services, all while maintaining our focus on sustainable growth.

The positive results in 2023 reflect our tireless pursuit of excellence in our services

Fernando Salek

CEO

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Presentation

Message from the CEO

Wilson Sons

Safety

People

Climate Change and Energy

Water, Waste and Biodiversity

Customers and Suppliers

Communities and Human Rights Attachments

Mirroring our previous endeavours, this year has seen us continue to innovate and lead in open innovation within our industry in Brazil. Our engagement with startups and other corporations, particularly through initiatives like the Cubo Maritime & Port, underscores our commitment to making maritime and port logistics more efficient, safe, and sustainable. Our efforts have not only fostered collaborative development but have also positioned us at the forefront of innovation in our industry.

Our commitment to sustainability and corporate responsibility has been unwavering and multifaceted, earning us significant accolades in 2023 that reflect our comprehensive approach to environmental stewardship, social responsibility, ethical values, and governance. We were honoured with the prestigious Gold Seal in the Brazilian GHG Protocol programme (GHG - greenhouse gases) and the Pro-Ethics certification from the Comptroller General's Office. These recognitions speak volumes of our dedication to setting and achieving high standards in every aspect of our

Salvador Container Terminal

Wilson Sons | 2023 Sustainability Report

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operations, representing a positive and transformative force for Brazilian society.

Building upon this foundation of excellence, Wilson Sons was awarded the Great Place to Work certification for the second time, underscoring our commitment to fostering an inclusive, supportive, and empowering workplace environment. This internationally recognised benchmark of excellence affirms our belief that the success and resilience of our Company are directly tied to the well-being and satisfaction of our employees. It's a testament to the positive and meritocratic culture we've cultivated, where every team member feels valued, heard, and motivated to contribute their best.

Our work was recognized in Petrobras' renowned operational excellence program, PEOTRAM

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Presentation

Message from the CEO

Wilson Sons

Safety

People

Climate Change and Energy

Water, Waste and Biodiversity

Customers and Suppliers

Communities and Human Rights Attachments

Further accentuating our achievements, our offshore support vessel joint venture was distinguished with the top honour in PEOTRAM, Petrobras' esteemed operational excellence programme. This accolade

not only showcases our joint venture's adherence to the highest standards of efficiency and safety but also highlights our strategic commitment to excellence and

As we navigate the opportunities of global trade our focus remains on delivering world-class services, maintaining the highest safety standards and advancing our sustainability agenda

innovation in the offshore energy sector. Winning first place in PEOTRAM reinforces our position as a leader in operational excellence, setting a benchmark for the industry and illustrating our proactive approach to sustainable and responsible business practices.

These achievements signal to us that we are heading in the right direction when it comes to our holistic approach to sustainability.

They embody our relentless pursuit of excellence across all facets of our business, from environmental initiatives and ethical business practices to employee welfare and operational efficiency. Together, they showcase Wilson Sons' role as a frontrunner in driving positive change and sustainable growth in the maritime and port industry.

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We have also embraced the megatrends of decarbonisation and digitalisation, aiming for even more sustainable operations. Our ambition mirrors the global call to action for environmental preservation, as we strive to reduce our carbon footprint and lead the green transition within our industry. Our initiatives in tugboat efficiency and collaborative efforts for technological advancements underscore our proactive approach to sustainability.

As we look ahead, we are buoyed by our achievements and the opportunities that lie before us. The resilience of our business model, combined with our strategic investments and commitment to sustainability, positions us well for future growth. We remain dedicated to our role in Brazil's socioeconomic development, leveraging our market position to challenge

and transform maritime transport for the betterment of our stakeholders and the environment.

Our journey is a collective endeavour, made possible by the dedication and expertise of our team. As we navigate the opportunities of global trade our focus remains on delivering world-class services, maintaining the highest safety standards, and advancing our sustainability agenda.

We invite you to join us in reflecting on the milestones of the past year and to look forward with optimism to the path ahead. Together, we are charting a course towards a more sustainable and prosperous future for all.

Fernando Salek

CEO

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