Fama LatAm Climate Turnaround Fund – 3rd Quarter 2024 Management Report

We are excited to present the Fama LatAm Climate Turnaround Management Report for the 3rd Quarter of 2024. We remain steadfast in our mission to demonstrate that decarbonization is a profitable investment.

During this period, we expanded our portfolio by adding Marfrig, one of Brazil’s largest meat producers and exporters. Marfrig holds significant potential to capture added value through end-to-end traceability and the natural capital integrated into its supply chain.

We uphold our commitment to enhancing risk and opportunity management around climate transition among major greenhouse gas emitters, confident that these efforts will lead to more attractive financial returns. With our investment in Marfrig, we believe the company has the potential to become an international benchmark in low-carbon, deforestation-free livestock farming, creating a positive systemic impact.

This investment reflects our refined and optimistic view of nature-based solutions and natural capital valuation as growth levers. We will continue to pursue these opportunities with determination.

We hope you enjoy this report, and we are available for any further questions or in-depth discussions.