Corporate Responsibility: The How? And The Why? Chiquita’s Experience

1. Corporate Responsibility: The How? And The Why? Chiquita’s Experience George Jaksch gjaksch@chiquita.com www.chiquita.com January 2008

2. Chiquita: Healthy, Convenient, Fresh • $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

3. Our Milestones • 1992 Rainforest Alliance • 1998 Corporate Responsibility • 2001 International Framework Agreement • 2003 Migros / GTZ / WWF cooperations

4. 1992 First Meeting 2000 Owned farms 100% certified 2006 Independent producers 90% certified Environmental & social standards Annual audits by independent experts from local NGOs Rainforest Alliance15 years of cooperation

5. 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 ourstakeholders consumers customers employees trade unions business partners shareholders governments local communities environment

6. Leadership The successful implementation of Corporate Responsibility is one of my highest priorities. Steve G. Warshaw CEO May 2000

7. Integrity Respect Responsibility The Foundation: Values Two examples: Opportunity We communicate in an open, honest and straightforward manner. We conduct business ethically and lawfully.

8. 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

9. 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

10. Training and Education - Cascade Principle Resp. Corp. Staff Resp. Corp./ Staff Gtes/Suptes Fincas/Dept Resp. Corp./ Desarrollo Facilitadores Respons. c/Centro de Trabajo (Depto/Finca) Facilitadores Adm Area/ Adm Empaque Adm.Area/Emp Resp c/Ctrab Facilitadores Personal Cosecha y Cultivo Personal Empaque Personal Adm Fincas Personal Adm Servicios

11. Employee Participation & Training

12. Chiquita’s International Framework Agreement with Trade UnionsIUF-COLSIBA-Chiquita 2001 • Core ILO conventions (labour and human rights) • Committee reviews progress and problems “Ground-breaking”

13. Wages & Freedom of Association 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 Note: In Costa Rica most workers are represented by “Permanent Committees”, a legal form of worker representation under Costa Rican law.

14. CSR: The opportunities • Partnerships and cooperation • Communication • Recognition • Leadership • Business Benefits

15. Home ownership for banana workers Honduras: Government participation Costa Rica and Guatemala A big step for our employees: 2000 new home owners “San Juan” settlement, Honduras Corporate Citizen of the Americas Award 2004 (O.A.S.)

16. Nature and Community Project • Started in 2004 • A Chiquita farm in Costa Rica • A new kind of partnership • Objectives • Conservation • Environmental Education • Livelihoods

17. 2005: Communicating • New label with the Rainforest Alliance logo • Chiquita bananas in 9 European countries from Rainforest Alliance certified farms

19. Corporate ResponsibilityLooking Ahead: Priorities • Values and Compliance • Labour Relations • Working with Suppliers

20. Corporate Responsibility: An Investment in the future of our company