Ultra - Sustainability

Sustainability in the Ultra Group

The Ultra Group made substantial progress in implementing its sustainability agenda in 2021 with the strengthening of the management structure, definition of the strategic guidelines and discussions on the material topics in the various internal forums.

At the beginning of 2021, the Group created the Sustainability and Corporate Affairs Department in order to reinforce the management of the challenges related to the environmental, social and governance agenda. The department reports to the recently created Corporate Development and Advocacy Executive Directorate. It should be noted that the businesses also have structures dedicated to sustainability, which address the characteristics and specific challenges of each company.

Multidisciplinary work-groups were set up, one for each material topic. In total they held more than 100 meetings throughout the year, with the involvement of approximately 250 people from the Holding and the businesses. Under the coordination of the Sustainability Directorate, the discussions in the work-groups deepened the organization’s understanding of the impacts and opportunities related to each material topic and enabled them to define the organization’s future ambitions.

Topics related to ESG issues were also included in the agendas of the monthly meetings of the Ultrapar Executive Board and the business advisory boards, as well as in those for the meetings of the Board of Directors and its advisory committees.

This broad movement of discussing, listening and learning by all parties was essential for the construction of a common vision, called the sustainability macro-strategy, which has now been incorporated in a structured way into the Group’s overall strategy. This process culminated in the definition of the Ultra Group’s sustainability commitments, and its targets for 2030. These commitments and targets were approved by the Ultrapar Executive Board and by the Board of Directors.

In 2022, the work-groups will continue to meet in order to monitor the execution of the action plan for each material topic in order to enable the Group to achieve its long-term sustainability commitments.

Materiality Assessment

The material topics are organized into four pillars, described below, and their respective indicators are in accordance with the GRI standard.

Presence in Ratings and ESG Indexes

The Ultra Group has been included in a number of indices that assess and rank organizations according to their performance in environmental, social and governance criteria. The Group has been included in the following ratings and indexes:

- MSCI ESG (Morgan Stanley Capital International)

The index assesses an organization’s exposures to ESG risks and the quality of its risk management processes. The classification is as follows: leader (grades AAA and AA); average (grades A, BBB and BB); and laggard (grades B and CCC). In October 2021, the Group was rated A.

- FTSE4Good

A series of indices that measure the performance of organizations in ESG practices. Scores range from 0 to 5 for each factor (environmental, social and governance). In June 2021, the Group obtained an average score of 3.0. It currently is included in two indices: FTSE4Good Emerging Index and FTSE4Good Emerging Latin America Index.

- ICDPR70 (CDP Brazil Climate Resilience Index)

The Group has been included in the portfolio until March 31, 2022. Its inclusion was due to its performance in the Carbon Disclosure Project (CDP) 2020 Climate Change Questionnaire, in which it obtained a B score.

- ICO2 (Carbon Efficient Index)

The Group has been included in the B3’s portfolio since 2012.

- IGC (Differentiated Corporate Governance Index) and ITAG (Differentiated Tag Along Index)

The Group has been included in these B3 portfolios since 2011.

Sustainability pathway: evolving together

Over the last three years, the Ultra Group has strengthened its sustainability structure and
increased its knowledge about its material topics and their impacts.

2019:

- Ultra Group carried out its first materiality study, covering all its businesses

2020:

- Creation of work-groups for each material topic;

- Ultracargo, Ipiranga and Extrafarma completed their first materiality matrix processes;]

- Ipiranga launched its new sustainability strategy;

- Ultragaz launched a new Strategic Sustainability Plan;

- Oxiteno consolidated its Strategic Sustainability Plan, and established ESG targets for 2030.

2021:

- Creation of the Sustainability and Corporate Affairs Directorate reporting to the recently established Corporate Development and Advocacy Executive Directorate;

- The Ultra Group’s material topics were updated;

- The work-groups deepened the Group’s understanding of each material topic and worked on defining targets;

- Ultragaz launched an initiative called Jornada ESG - Ultragaz mais sustentável (ESG Journey - a more Sustainable Ultragaz), with an ESG positioning based on activity in four dimensions of energy, namely: Human, Innovation, Citizenship and Ethical;

- Ultracargo launched a new Strategic Sustainability Plan;

- Ipiranga established the theme sustainability as one of its strategic initiatives, supported by a structure, investment and monitoring by senior management, and launched an action plan to embed a culture of sustainability.

Reports

As part of our commitment to transparency and integrity, we present our 2023 Sustainability Report.

The document also serves as an update of the ESG 2030 Plan, publicly announced in early 2023, which is a set of ambitions and goals related to the Company’s seven material topics.

We invite you to read the full document.

ACCESS THE 2023 REPORT PREVIOUS REPORTS

Social Impact

The social impact department aims to guide and direct the social investments of the Ultra Institute and Ultra Group businesses, through fiscal incentive resources, with initiatives aligned to its action strategy, enabling the transformation of lives, strengthening relationships with the communities surrounding its operations and contributing to society in general.

The active search and contribution of incentive resources takes place in a planned, monitored, and systematic way for social projects focused on education in the company's strategic areas of interest. Currently the area works with education in projects that contribute to elementary school for children and adolescents from public schools and institutions, and capacity for work focusing on women in situations of social vulnerability under the Incentive Laws below:

National Culture Incentive Program (Law Rouanet): Up to 4% of the IRPJ due, subject to availability.
Municipal Fund for Children and Adolescents (FUMCAD): Up to 1% of the IRPJ due, subject to availability.
Federal Sports Incentive Law: Up to 1% of the IRPJ due, subject to availability.
Municipal Fund for the Elderly: Up to 1% of the IRPJ due, subject to availability.

If your project is aligned with the guidelines indicated above, register at the link below.