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Corporate Responsibility:The How?How?

And The Why?Why?

Chiquita’s Experience

George Jaksch

gjaksch@chiquita.com

www.chiquita.com

January 2008

Chiquita Brands International, Inc.September 17, 2007 2

$4.5+ billion in annual revenues

25,000 employees worldwide, 14,000

in bananas

Operations in 70+ countries

Bananas 40% of revenues - 70% of

banana production from suppliers

Chiquita: Healthy, Convenient, Fresh

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Our Milestones

• 1992Rainforest Alliance

• 1998Corporate Responsibility

• 2001International Framework Agreement

• 2003Migros / GTZ / WWF cooperations

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Rainforest Alliance15 years of cooperation

1992 First Meeting

2000 Owned farms 100% certified

2006 Independent producers 90% certified

Environmental & social standards

Annual audits by independent experts from local NGOs

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Corporate Responsibility: Our Definition

• Manage all operations in accordance with our

Core Values and Code of Conduct

• Achieve high legal, environmental, social and ethical

standards

• Balance the interests of our stakeholders

consumers customers employees

trade unions business partners shareholders

governments local communities environment

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Leadership

The successful implementation

of Corporate Responsibility

is one of my highest priorities.

Steve G. Warshaw

CEO

May 2000

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The Foundation: Values

We communicate in an open, honest and We communicate in an open, honest and straightforward manner.straightforward manner.

We conduct business ethically and We conduct business ethically and lawfully.lawfully.

Two examples:

Responsibility

Opportunity

RespectIntegrity

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External Standards, Independent audits

The Law

Rainforest Alliance

SA8000– Based on ILO and Human Rights standards– Developed by a diverse coalition– Independent audits & certification– All owned farms certified since 2004

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Implementing CR:Organisation & Accountability

People• Steering Committee (since ’98)

• Corporate Responsibility Officer

• CR specialists in all business units

Getting it done• Integrated into company strategy & planning

• Management systems

• Education – At all levels

Training and Education - Cascade Principle

Staff

Gtes/Suptes

Fincas/Dept

Facilitadores

Adm Area/Adm Empaque

Respons. c/Centro

de Trabajo

(Depto/Finca)

Personal Empaque

Personal Cosecha y Cultivo

Personal Adm Fincas

PersonalAdm Servicios

Resp. Corp.

Resp. Corp./ Staff

Resp. Corp./

Desarrollo

Facilitadores

Adm.Area/Emp

Resp c/Ctrab

Facilitadores

11

Employee Participation & Training

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Chiquita’s International Framework Agreement

with Trade Unions

IUF-COLSIBA-Chiquita 2001

• Core ILO conventions (labour and human rights)

• Committee reviews progress and problems

“Ground-breaking”

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Wages & Freedom of Association

Chiquita Farms: Trade Union membership

0% 20% 40% 60% 80% 100%

Panama

Honduras

Guatemala

Costa Rica

% of non-management employees

Note:

In Costa Rica most workers are represented by “Permanent Committees”, a legal form of worker representation under Costa Rican law.

Monthly Wages in Costa Rica (non-management only):

Average gross wage, Q1 2006: 424 Euros

Av. agric. gross wage in Czechia 444 Euros

Av. agric. gross wage in Slovakia 358 Euros

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CSR: The opportunities

• Partnerships and cooperation

• Communication

• Recognition

• Leadership

• Business Benefits

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“San Juan” settlement, Honduras

Corporate Citizen of the Americas Award 2004 (O.A.S.)

Home ownership for banana workersHonduras: Government participation

Costa Rica and Guatemala

A big step for our employees: 2000 new home owners

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Nature and Community Project• Started in 2004

• A Chiquita farm in Costa Rica

• A new kind of partnership

• Objectives– Conservation

– Environmental Education

– Livelihoods

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2005: Communicating

New label with the Rainforest Alliance logo

Chiquita bananas in 9 European countries from Rainforest Alliance certified farms

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Corporate Responsibility

Looking Ahead: Priorities

• Values and Compliance

• Labour Relations

• Working with Suppliers

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Corporate Responsibility:

An Investment

in the future

of our company