BTG Pactual Greenhouse Gases Inventory 2016

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1 BTG Pactual Greenhouse Gases Inventory 2016

2 Introduction Founded in 1983, Banco BTG Pactual is an investment bank and asset and wealth manager with a dominant franchise in Brazil, and a successful international investment and distribution platform. Since its creation, the bank has operated as a meritocratic partnership and, currently, has offices on three continents, providing a comprehensive range of financial services to a Brazilian and global client base that includes corporations, institutional investors, governments and high net worth individuals. BTG Pactual is committed to Sustainability and Environmental, Social and Governance (ESG) issues and have set a strong governance structure to drive these aspects though its business units. One of these project is BTG Pactual carbon footprint, released in its GHG annual Inventory. This publication shows BTG Pactual commitment to climate change and its global effort to manage its emissions. The GHG Inventory is a form to evaluate GHG emissions associated with the organization s activities and processes and make possible define goals to reduce our impact. For the present GHG Inventory, BTG Pactual used as reference GHG Protocol Program methodology and ISO The reporting period of this inventory is from January 1, 2016 to December 31, The Inventory was conducted to an external consultancy named ERM ERM Brasil Ltda. and was certified by third party DNV GL Business Assurance Avaliações e Certificações Brasil Ltda - find attached the Verification Statement.

3 Scope, Limits and Total Emission Highlights The present GHG Inventory encompass the scopes 1, 2 and 3, as defined below: Scope 1: direct GHG emissions, understood as those that are owned or controlled by the company. Mobile combustion associated with vehicle use and owned airplane, stationary combustion associated with generators at the branches and fugitive emissions of refrigeration gases. Scope 2: indirect GHG emissions associated with Energy. Purchase of electricity from the National Interconnected System. Once the energy is brought into the organization, emissions are considered indirect because they physically occur at the location where the energy is produced. Scope 3: indirect GHG emissions. Mobile Combustion is associated with air travel by employees, load transportation, upstream transport and distribution, waste generated from operations, electricity emissions not allocated at scope 2. Emissions associated with the use of generator by the condominium where the Institution s headquarter is located were also considered. The organizational boundary for the quantification of GHG emissions was defined based on an operational control approach of BTG Pactual companies that have offices located in Brazil, and biggest offices abroad - New York and London: 1. Banco BTG Pactual S.A. 2. BTG Pactual Gestora de Ins. Alternativos Ltda. 3. BTG Pactual Corporate Services Ltda. 4. BTG Pactual Serviços Financeiros S.A. DTVM

4 5. BTG Pactual Holding Internacional S.A. 6. BTG Pactual Asset Management S.A. DTVM 7. BTG Pactual Holding Participações S.A 8. BTG Pactual Corretora de Resseguros Ltda. 9. BTG Pactual WM Gestão de Recursos Ltda 10. BTG Pactual Gestora de Recursos Ltda. 11. BTG Pactual corretora de Títulos e Valores Mobiliários S.A. 12. BTG Pactual Corretora de Mercadorias Ltda. 13. BTG Pactual Corretora de Seguros Ltda. 14. BTG Pactual Vida e Previdência S.A. 15. BTG Pactual Resseguradora S.A 16. BTG Pactual TTG Participações S.A. 17. TTG Brasil Investimentos Florestais Ltda. 18. BTG Pactual Comercializadora de Energia Ltda. 19. BTG Pactual Serviços Energéticos Ltda. 20. Banco Sistema 21. BTG GAM (UK) Limited 22. BTG Pactual Europe LLP 23. BTG Pactual UK Holdco Limited 24. BTGP BSI Limited 25. BTG Pactual NY Corporation BTG Pactual emissions highlights for this Inventory are: Scope 1 = tco2e Scope 2 = 2, tco2e Scope 3 = 4, tco2e

5 Results - Emissions by Scope and others breakdowns Results by scope Results by gas

6 Results - Emission Sources Consolidated Results

7 Results by country

8 Emission History and 2016 (Scope 1) Emission History and 2016 (Scope 2)

9 Scope 2 - Additional Information 2016 Emission History and 2016 (Scope 3)

10 During 2016, BTG Pactual has improved its controls, as highlighted below: Increase of information gathered: a better understanding of the BTG Pactual process and its impact on GHG emissions and consequently an increase in the collection of inventory data, mainly for regional offices and the information of emission sources under operational control of third party companies. Inclusion of international offices: New York and London offices were included in GHG inventory. Implement programs aiming reducing GHG emissions: programs presented in section Good Practices potentially lead to GHG emissions mitigation, as example the program Bora Bike, that aimed reduce the fuel consumption during the travel from home to office in employee private vehicles and consequently the emission in Scope. Also, the consultancy highlighted good practices implemented by BTG Pactual during the year that potentially lead to GHG mitigation and reduction, as example: 1. Implement Bora Bike Program: the program aims to increase the proportion of employees using bicycles from home to office commuting. Per the program information there was 77 active cyclists in 2016, traveling the distance of 8,547 km. 2. Use of video conferencing over the use of air or land travel. 3. Biggest administrative offices have LEED certification, with consequent reduction of electricity consumption and use of

11 refrigerant gases with lower global warming potential in air conditioning equipment. Waste management program in the São Paulo office and recycling practices in Rio de Janeiro office. For the next cycle, BTG Pactual aims to: Include all international offices in GHG inventory. Calculate GHG emission avoided and establish reduction goals. Review annually the emission sources for inventory. refrigerant gases with lower global warming potential in air conditioning equipment.

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