About the report

For the sixth consecutive time we have disclosed our Annual Report containing information about performance and results, in addition to advances and challenges in managing innovation and sustainability of the business. |G4-30|

This edition is based on the guidelines set out by the Global Reporting Initiative (GRI) - version G4, 'in accordance - Core' option - and refers to our operations in Brazil during the 2016/2017 crop year, in other words, from April 1, 2016 to March 31, 2017. |G4-17, G4-28, G4-32|1

The content was defined based on the Materiality Matrix prepared in the 2014/2015 harvest and revised in the 2015/2016 harvest, having been validated by the Executive Board. This report is assured by PwC. |G4-18, G4-32, G4-33|

Click here to learn about the boundaries and material aspects of this report. |G4-19, G4-20, G4-21, G4-27|

For more information, visit our website, write to fale@raizen.com or call 0800 728 1616. |G4-31|

 

1Refers to all companies of the Raízen Group, namely, Raízen Energia S.A., Raízen Combustíveis S.A. and all its wholly-owned subsidiaries and affiliated companies.

Independent auditors' limited assurance report on the sustainability information included in the Annual Report for 2016/2017 and in its attachment Global Reporting Initiative (GRI) Indicators

To the Board of Directors and Stockholders
Raízen Energia S.A.
São Paulo - SP

Introduction

We were contracted by Raízen Energia S.A. ("Raízen" or "Company") to present our limited assurance report on the compilation of the information related to sustainability included in the Annual Report for 2016/2017 and in its attachment Global Reporting Initiative (GRI) Indicators of Raízen for the period from April 1, 2016 to March 31, 2017.

Responsibilities of the Company's management

The Company's management is responsible for the preparation and fair presentation of the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators of the Company in accordance with the guidelines of the Global Reporting Initiative (GRI-G4) and for such internal control as management determines is necessary to enable the preparation of information free from material misstatement, whether due to fraud or error.

Independent auditors' responsibility

Our responsibility is to express a conclusion on the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators, based on our limited assurance engagement carried out in accordance with the Technical Communication CTO 01, "Issuance of an Assurance Report related to Sustainability and Social Responsibility", issued by the Brazilian Federal Accounting Council (CFC), based on the Brazilian standard NBC TO 3000, "Assurance Engagements Other than Audit and Review", also issued by the CFC, which is equivalent to the international standard ISAE 3000, "Assurance engagements other than audits or reviews of historical financial information", issued by the International Auditing and Assurance Standards Board (IAASB). Those standards require that we comply with ethical requirements, including independence requirements, and perform our engagement to obtain limited assurance that the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators, taken as a whole, is free from material misstatement.

A limited assurance engagement conducted in accordance with the Brazilian standard NBC TO 3000 and ISAE 3000 mainly consists of making inquiries of management and other professionals of the entity involved in the preparation of the information, as well as applying analytical procedures to obtain evidence that allows us to issue a limited assurance conclusion on the information taken as a whole. A limited assurance engagement also requires the performance of additional procedures when the independent auditor becomes aware of matters that lead him to believe that the information taken as a whole might present significant misstatements.

The procedures selected were based on our understanding of the aspects related to the compilation and presentation of the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators, other circumstances of the engagement and our analysis of the areas in which significant misstatements might exist. The following procedures were adopted:

(a) planning the work, taking into consideration the materiality and the volume of quantitative and qualitative information and the operating and internal control systems that were used to prepare the information included in the Annual Report for 2016/2017 and in its attachment GRI indicators of the Company;

(b) understanding the calculation methodology and the procedures adopted for the compilation of indicators through interviews with the managers responsible for the preparation of the information;

(c) applying analytical procedures to quantitative information and making inquiries regarding the qualitative information and its correlation with the indicators disclosed in the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators; and

(d) comparing the financial indicators with the financial statements and/or accounting records.

The limited assurance engagement also included tests to assess compliance with the guidelines of the Global Initiative Report (GRI-G4) applied in the compilation of the information related to sustainability included in the Annual Report for 2016/2017 and in its attachment GRI Indicators.

We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our limited assurance conclusion.

Scope and limitations

The procedures applied in a limited assurance engagement are substantially less detailed than those applied in a reasonable assurance engagement, the objective of which is the issuance of an opinion on the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators. Consequently, we are not able to obtain reasonable assurance that we would become aware of all significant matters that might be identified in an assurance engagement, the objective of which is the issue of an opinion. If we had performed an engagement with the objective of issuing an opinion, we might have identified other matters and possible misstatements in the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators. Therefore, we do not express an opinion on this information.

Non-financial data is subject to more inherent limitations than financial data, due to the nature and diversity of the methods used to determine, calculate and estimate these data. Qualitative interpretations of the relevance, materiality, and accuracy of the data are subject to individual assumptions and judgments. Furthermore, we did not consider in our engagement the data reported for prior periods, nor future projections and goals.

Conclusion

Based on the procedures performed, described herein, no matter has come to our attention that causes us to believe that the information included in the Annual Report for 2016/2017 and in its attachment GRI Indicators of Raízen Energia S.A. has not been compiled, in all material respects, in accordance with the guidelines of the Global Reporting Initiative (GRI-G4).

São Paulo, September 25, 2017

PricewaterhouseCoopers
Contadores Públicos Ltda.
CRC 2SP023173/O-4

Edmilson Monutti
Contador CRC 1SP 258388/O-0