Cosan Limited: Cosan S A : Sustainability Report

Introduction 2024 Value Our management Responsible Promoting Outlook creation model investment talent SUMMARY 1. INTRODUCTION Message from the CEO 04 About the report 06 2. 2024 OUTLOOK Highlights for 2024 09 Value creation 10 Materiality 11 ESG 2030 Vision 14 3. VALUE CREATION About us 22 Shareholder structure 23 2024 Results 24 Cosan's portfolio 26 4. OUR MANAGEMENT MODEL Cosan's Culture 33 Governance 34 Transparency, ethics and compliance 43 Risk management 48 Information Security 53 Health and safety 55 5. RESPONSIBLE INVESTMENT Climate change 59 6. PROMOTING TALENT People management 70 Diversity, equity and inclusion 73 ATTACHMENTS Indicators attachment 77 GRI Content Index 106 SASB Index 112 Capitals Map 114 SDG Map 115 Assurance letter 116 Credits 118 Introduction 2024 Value Our management Responsible Promoting Outlook creation model investment talent Introduction MESSAGE FROM THE CEO ABOUT THE REPORT 2024 Value Our management Responsible Promoting Outlook creation model investment talent MESSAGE FROM THE CEO The year 2024 began with positive prospects for interest rate reductions in the United States and Brazil, as well as projections of controlled inflation and appreciation of the real against the dollar. However, throughout the year, there was a deterioration in inflation expectations and Brazil's debt trajectory, imposing a new cycle of interest rate hikes, raising expectations for future interest rates. Despite a more challenging macroeconomic scenario, we achieved significant operational results in most of the portfolio's investments. Rumo had a solid performance during the year, with an increase in transported volume (including some months of record monthly volume), an increase in market share in exports through the Port of Santos, and a higher average annual tariff. Compass recorded higher volumes of natural gas distributed across all segments and the ramp-up of TRSP at Edge, demonstrating the success of the free market expansion strategy. Moove saw increased profitability with an improved product mix and efficient supply management. Radar's land portfolio again recorded a year of appreciation, albeit at a slower pace than the previous year. Raízen , on the other hand, had operational and financial results below expectations. However, the company's shareholders promoted significant changes in key executives, seeking a deep strategic review and performance recovery. We remain committed to operating with a robust management model that is aligned with best market practices and reflects the priorities of our stakeholders. We consistently strive to identify, assess, and respond to risks that may impact on our strategic objectives, ensuring both business continuity and long-term sustainability. Furthermore, we stay attuned to the evolving global landscape, closely monitoring strategic, financial, operational, socio- environmental, and climate-related risks. This report shows the progress of Cosan's key material topics, highlighting the advancements made through our ' ESG 2030 Vision .' This sustainability strategy plays a crucial role in driving progress across these areas, fostering engagement, and promoting synergies between our businesses. Safety is a non-negotiable value for Cosan, and the LTIF (Lost Time Injury Frequency) ended the year at 0.28, an increase compared to the previous year. We are all committed to evolving our practices to prioritize safety and security in our operations, people, data, and assets. We have strengthened our governance practices and the scopes of the committees that advise the Board of Directors, as well as our efforts in structuring corporate areas. This includes formalizing the creation of the Institutional Relations structure. We develop projects focused on people transition, talent management, and advancing our agenda for Internal Controls and Risk Management. Climate change is a relevant theme for business, both from the risk perspective and from the perspective of opportunities in the transition to a low-carbon economy. Given this scenario, we are attentive to the climate risks to which our businesses are exposed, stressing the relevance of looking at the portfolio's resilience and adaptation. We also continue to be rated B by the CDP, reflecting our efforts in climate management and transparency. 2024 Value Our management Responsible Promoting Outlook creation model investment talent To promote initiatives with a positive social impact , we consolidated the scope of the Raízen Foundation. This change aims to bring greater synergy to our social investment agenda and enhance the potential impact of our actions and our community engagement guidelines. In Diversity, Equity, and Inclusion , we achieved higher female representation in leadership roles and maintained our positions in the B3's IDIVERSA index and the Teva Mulheres na Liderança index. We also made new commitments with the Forum of Companies and LGBTI+ Rights and the Business Initiative for Racial Equality, reinforcing our efforts to advance inclusion and equity. Throughout the year, our employees demonstrated remarkable adaptability, maintaining asset coordination and executing strategic projects. This is a result of our solid management model and a culture that enables us to navigate through challenging periods with resilience, focused on creating opportunities and generating value consistently. To conclude, I am pleased to highlight that, for the first time, we have been included in the Dow Jones Sustainability World Index (DJSI World), one of the most prestigious international indices, which recognizes listed companies for their ongoing commitment to ESG practices. Additionally, we remain part of the 2024 ISE B3 portfolio for the fifth consecutive year. For this new cycle, we will continue to transform challenges into opportunities, focusing on generating positive impact while maintaining our commitment to disciplined capital allocation, prioritizing the resilience of our assets even in a challenging environment. Enjoy your reading. Marcelo Martins PROGRESS ABOUT THE REPORT Presenting Cosan S.A.'s 2024 Integrated Report, which gathers data and information on the company's environmental, social, economic, climate and governance performance. This document represents our performance as an asset manager in sectors that are essential for economic development, underlining our strategic role in the governance of our investees. This report includes, in addition to Cosan's consolidated information, indicators and results related to the materiality of our portfolio companies: Rumo, Compass, Moove, Radar and Raízen. Regardless of the size of Cosan's shareholding in these companies, all businesses report indicators that are part of the Company's materiality, with no adjustments to the consolidated data. In the financial results, we also present the investment in Vale, an affiliated company that was in the portfolio throughout 2024. The Integrated Report is published annually, evaluated by Cosan and its subsidiaries' leaders, approved by the Board of Directors and submitted to external verification. The information covers the period from January 1 to December 31, 2024. For Raízen, data is used for crop year 23'24 (April 1, 2023 to March 31, 2024). Financial data presented complies with the standards and regulations of the Brazilian Securities and Exchange Commission (CVM), and we provide consolidated information on our investees. The content and scope was prepared based on the guidelines of the GRI Standards 2021, the indicators of the Sustainable Accounting Standards Board (SASB) and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), including material aspects of the business. This publication complies with CVM Resolution No. 014 on Integrated Reporting, with no omission of data or information. In the Attachments chapter (page 76) we present the GRI, SASB and TCFD content indexes, pointing to the pages where the indicators are detailed. Throughout the report, information aligned with these standards is identified with icons: GRI XXX-X SASB XX-XX-XX TCFD XX COSAN'S GLOSSARY MATERIAL TOPICS RELATED CAPITALS SCOPE E REPORTING PERIOD Corporate governance and transparency Resources used to create value The data identified as Cosan refers to the holding company and does not include portfolio data. Natural When reported, the data for subsidiaries, co-controlled and affiliate companies are indicated and refer to the following periods: Climate change Manufactured Cosan's portfolio: A group of companies in which Cosan holds a stake. Intellectual Social and Relationship Safety and Security Subsidiaries: Rumo, Compass, Moove and Radar, a company under Cosan's direct control. Cosan Rumo Compass Moove Radar Vale Financial Diversity, equity and inclusion Human Co-controlled: Raízen, a joint venture in partnership with Shell. January 1 to December 31, 2024 (calendar year 2024) Raízen Positive social impact Affiliate: Vale, an affiliated company over which Cosan had significant influence but no control, is no longer part of the portfolio as of January 2025. Its information is included in this report as a historical and public record of the business throughout 2024. April 1, 2023 to March 31, 2024 (crop year 23'24) Introduction 2024 Value Our management Responsible Promoting Outlook creation model investment talent Introduction 2024 Value Our management Responsible Promoting Outlook creation model investment talent HIGHLIGHTS FOR 2024 AWARDS AND RECOGNITIONS Operating in the sectors of Energy, Oil & Gas and Agribusiness Merco Responsabilidade ESG Ranked among the 100 most responsible companies in Brazil in ESG | 4th position in the "Conglomerate" category. Value 1000 ranking 2024 6th position in recognition of practices in the ESG agenda and corporate governance. Exame 2024 Biggest and Best Award 39th place in the overall ranking of Brazilian publicly traded companies in 2024. + 57 thousand Employees (Cosan + investees) TOP