Environmental, Social & Governance

At Jaguar Solar, we firmly believe in the importance of integrating ESG principles into every aspect of our operations. Our solar energy projects in northern Mexico not only seek to take advantage of the region's abundant solar radiation, but also to do so responsibly and ethically. We strive to minimize our environmental footprint, contribute to the well-being of local communities, and ensure that all our decisions are aligned with the highest standards of transparency and corporate governance. We believe that by adopting a comprehensive ESG approach, we are building a cleaner, more equitable, and more prosperous future for all.

Environmentally , our solar panels significantly reduce carbon emissions and contribute to the transition to a more sustainable future. We harness the sun in northern Mexico, one of the sunniest regions in the world, to efficiently generate clean energy, reducing dependence on fossil fuels.

Socially , we are committed to the development of the communities in which we operate. We generate local employment, support technical training in renewable energy, and promote social inclusion. We also work with rural communities to improve their access to electricity, helping to raise their quality of life.

In terms of governance, our projects are managed with high ethical and transparent standards. We ensure that our business practices respect the rights of all stakeholders, from our employees to local communities, and that our decisions are aligned with sustainable and responsible growth.

Goals

Index

Introduction
Environmental Objectives (E)
Social Objectives (S)
Governance Objectives (G)
Additional Considerations

1. Introduction

Jaguar Solar 's ESG (Environmental, Social, and Governance) objectives are presented , integrating the commitments of AINDA and Zuma Energía. These objectives seek to strengthen Jaguar Solar's sustainable performance, aligning with its shareholders' policies and contributing to global sustainable development.

Environmental objectives

Aim	Goal	Aim	Key Performance Indicator (KPI)
Reduction of CO₂ Emissions	Contribute to reducing CO₂ emissions by 40% by 2035 by replacing fossil fuel sources with solar energy and improving the efficiency of current processes.	– Increase annual solar energy generation for self-consumption, avoiding equivalent CO₂ emissions. – Optimize installation and maintenance operations to reduce indirect emissions.	– Tons of CO₂ avoided annually. – Energy efficiency of operations (energy consumption per installed MW).
Technological Innovation in Installation and Operation	Increase R&D investment by 35% by 2035 (base year 2024), focusing on improvements in the installation and operation of solar plants.	– Develop innovative installation methods that reduce costs and improve efficiency. – Implement intelligent monitoring and control systems to optimize plant performance.	– Annual investment in R&D. - Number of innovations or patents registered.
Environmental Management and Biodiversity Protection	Minimize the environmental impact of facilities, protecting biodiversity and responsibly managing natural resources.	– Conduct comprehensive environmental impact studies. Implement waste management and recycling practices during operations.	– Number of reported environmental incidents. – Percentage of waste recycled or properly managed.
Implementation of Storage Technologies	Integrate energy storage systems (batteries) into 100% of portfolio projects by 2027.	– Partner with suppliers of advanced batteries and storage technologies. – Implement pilot projects to evaluate the effectiveness of different storage solutions.	– Installed storage capacity in MWh. – Number of projects with integrated storage systems.

Social objectives

Aim	Goal	Actions	Key Performance Indicator (KPI)
Community Development and Social Responsibility	Establish collaborative agreements with at least 10 local community groups by 2028.	– Invest in local infrastructure, education, and community energy projects. – Involve communities in the planning and development stages of projects.	– Number of agreements signed with community groups. – Annual investment in community projects.
Improving Working Conditions and Employee Satisfaction	Achieve 90% employee satisfaction by 2026.	– Measure employee satisfaction and obtain the first result. – Offer training programs in installation, maintenance, and safety. – Implement occupational health policies and employee benefits.	– Results of job satisfaction surveys. – Staff turnover rate.
Local Training and Employment	Hire at least 60% local staff for each installation project by 2030, both by project companies and subcontractors.	– Train community members in the skills needed to install and operate solar plants. – Collaborate with local institutions on educational programs.	– Percentage of local employees hired. – Number of people trained through local programs.
Health and Safety at Work	Achieve zero recordable workplace accidents each year.	– Implement and maintain strict safety protocols throughout all operations. – Conduct regular health and safety training for employees and contractors.	– Number of workplace accidents. – Hours of safety training provided.

Governance objectives

Aim	Goal	Actions	Key Performance Indicator (KPI)
Transparency and ESG Management	Integrate ethics oversight into 100% of operations by 2025.	– Publish annual reports following international standards (GRI, SASB). – Conduct internal and external audits on ESG and business ethics.	– Number of reports published. – Compliance with standards and regulations.
Integration of Climate Risks into Executive Remuneration	Align ESG performance indicators with senior management remuneration by 2026.	– Include environmental and social goals in performance evaluations. – Communicate how ESG achievements affect compensation.	– Percentage of compensation linked to ESG objectives. – Management's achievement of ESG goals.
Responsible Investments and Sound Governance	Meet international ESG standards and ensure strong and transparent governance across all operations by 2027.	– Align internal policies with the Principles for Responsible Investment (PRI) and other frameworks. – Establish ethical and responsible governance structures.	– Level of compliance with international standards. – Positive evaluations in governance audits.
Regulatory Compliance and Business Ethics	Maintain 100% compliance with applicable laws and regulations, and promote a culture of business ethics.	– Implement codes of conduct and anti-corruption policies. – Train employees on ethics and regulatory compliance.	– Number of legal or regulatory violations. – Number of employees trained in ethics.

Alignment with Sustainable Development Goals (SDG):

SDG 7: Affordable and Clean Energy.
SDG 9: Industry, Innovation and Infrastructure.
SDG 13: Climate Action.
SDG 17: Partnerships to Achieve the Goals.
Stakeholder Engagement:

The importance of involving all stakeholders in the implementation and monitoring of objectives is emphasized, fostering collaboration and mutual support.

Transparency and Communication:

Open communication and accountability are fundamental pillars for building trust and ensuring the success of the objectives set.

The integration of AINDA and Zuma Energía's commitments into Jaguar Solar's ESG objectives strengthens the company's commitment to sustainability and responsible development. These objectives not only meet international standards and investor expectations, but also position Jaguar Solar as a leader in the transition to a low-carbon economy.

By focusing on the expansion of clean energy, technological innovation, community development, and strong governance, Jaguar Solar actively contributes to addressing global challenges such as climate change and social inequality. Successful implementation of these goals will require the continued commitment of management, employees, and all stakeholders.