Fama LatAm Climate Turnaround – Management Report 3Q25

We are pleased to share the Q3 2025 Management Report of the Fama LatAm Climate Turnaround Fund (CTF).

This quarter highlighted the publication of two scientific studies — including “Regenerative Agriculture, Climate Resilience and Productivity” and our peer-reviewed article in PLOS Sustainability & Transformation, “Corporate Emissions and Climate Targets: Insights from High-Emitting Firms in Brazil’s Transition to Sustainability”. These studies showcased the role of the CTF as a knowledge producer and catalyst for a regenerative economy capable of integrating mitigation, adaptation and long-term value creation.

Across the portfolio, different initiatives advanced throughout the quarter. SLC Agrícola reported soybean and cotton yields above the national average under regenerative agricultural practices. Marfrig (now MBRF) progressed in discussions on the environmental regularization of small producers, zero deforestation and traceability. Banco do Brasil, given its scale and capillarity, has opportunities to strengthen its credit policies by incorporating climate criteria. Sabesp expanded sanitation universalization, invested in digital and automation technologies, and launched Projeto Brotar: the first sanitation census focused on rural, Indigenous and quilombola communities.