&#x;&#x;

Responsible Investing

Responsible investing at Bonnefield is more than a set of policies upon which business decisions are made. At Bonnefield, our approach is rooted in a set of core operating principles that put Canadian farmers and farming first.

Bonnefield’s ultimate goal is to promote sound farmland management practices, help improve operator efficiencies and protect the integrity of Canadian farmland, which we believe are core to protecting and enhancing long-term returns for our investors.

While we do not dictate to farmers how to farm, as part of the partnership they agree to adhere to sustainable farming best practices known as the Bonnefield Standards of Care that promote sound farming practices to protect the integrity of the land. All tenants are required to report annually on their compliance with the Bonnefield Standards of Care.

In November 2014, Bonnefield became the first farmland investment manager and property manager in Canada to qualify and be accepted as a signatory to the United Nations-supported Principles for Responsible Investment (PRI) Initiative, an international network of investors working to put responsible investment into practice and to promote sustainability.

When founding Bonnefield, the company’s principals established a set of corporate and social responsibility principles to guide its investing activities.  These responsible investing principles are rooted in a set of core operating guidelines that put farmers and farming first and are summarised by Bonnefield’s “farmland for farming” investment approach.

From a governance perspective, Bonnefield has adopted best practices including investor advisory committees, semi-annual independent appraisals of all properties in its portfolios, the use of third-party payment certifiers for capital expenditures, detailed periodic reporting, independent audits of financial statements, and transparent disclosure policies.