Global Reporting Initiative

Universal Standards

The ratio of the total annual compensation for the company’s highest-paid individual to the medium annual total compensation for all employees was 327 times. The ratio of the percentage increase in annual total compensation for the company’s highest-paid individual to the medium percentage increase in annual total compensation for all employees was 18%. The following premise was used to prepare the answers: for “total compensation” means the base salary of the last month of the year x 13 salaries for president and vice presidents and x 13.33 for other hierarchical levels, adding up the Program Profit Sharing (PPR) paid and Long-Term Incentives (ILP) granted, free of charge.