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Papel procedente de fuentes responsables

By means of our Code of Business Conduct, we undertake the responsibility of establishing relationships based on integrity, seeking to strengthen the trust of those we do bussiness with.

Our Public Commitment reminds us to listen more, to consider our actions and their impact and to lead responsibly.

It helps us translate our values into actions and make clear who we are, what we champion and how we do.

Our efforts are reflected in our 3 business divisions:

2012 Monsanto Argentina SAIC. All rights reserved. All the information contained herein shall be used only with permission of MONSANTO ARGENTINA SAIC. All rights reserved pursuant to Act 11,723. In this sense, any other unauthorized use, whether total or partial, is strictly forbidden. Other uses include: copy, publishing, reproduction, addition, confinement, translation and any other way that involves the representation of the information contained herein, exhibition or public release and/or broadcast-ing of same by any system, media or instrument known now or in the future. Furthermore, we strictly prohibit any other form of marketing that implies a direct or indirect profit such as exchange and/or renting and/or selling without permission of MONSANTO ARGENTINA SAIC. Infringement of any of these exclusive rights of MONSANTO ARGENTINA SAIC constitutes a crime and imposes a responsability on the offender, which will give way to civil or criminal penalties.

*Monsanto Latinoamérica Sur (LAS) is comprised of 5 countries:

Argentina, Chile, Paraguay, Uruguay, and Bolivia

Produce more

Conserve more

Improving lives

Our sustainable commitment

Improving livesProducing moreConserving more

Sustainable Report 2011Monsanto LAS

In 2008, we announced our Sustainable Agriculture Commitment

based on three pillars: Producing More by using the most

advanced seed technologies. Conserving more by focusing on

the protection of the environment and natural resources and

contribute to Improve lives in communities we do business with.

Monsanto Latinoamérica Sur* operates in one of the most

important agricultural areas of the world, in which we

employ 1,160 people.

OUR MISSION

Meet the world’s growing food needs

Conserve natural resources

Protect the environment

OUR VISION

Abundance of food and a healthy environment.

PLANT Breeding and Biotechnology VEGETABLES

CROP PROTECTION+ +

INTEGRITY IS THE FOUNDATION FOR ALL THAT WE DO.

Integrity

Dialogue

Transparency

Respect

Sharing

Benefits

Acting as owners to achieve results

Creating a great place to work

Monsanto is committed to sustainability

Monsanto's worldwide presence

Globally, we employ over

21,000 people in more than

400 facilities all over the world,

in 66 countries.

ASIA PACIFIC

Australia

Bangladesh

China

India

Indonesia

Kazakhstan

Malaysia

New Zealand

Pakistan

The Philippines

Singapore

South Korea

Sri Lanka

Taiwan

Thailand

Uzbekistan

Vietnam

MIDDLE EAST

srael

Jordan

Kuwait

Oman

United Arab

Emirates

Monsanto Company is a leading global

provider of technology-based tools and

agricultural products that improve farm

productivity and food quality.We apply

innovation and technology so that farmers can

increase their yieldings in a sustainable way

and be more efficient in the use of the necessary

key resources, so that they can be more

successful, producing grains and healthy food,

while reducing the impact of agriculture on

the environment.SOUTH AMERICA

Argentina

Brazil

Chile

Colombia

Ecuador

Paraguay

Peru

Uruguay

NORTH AMERICA

Canada

United States

CENTRAL AMERICA

Guatemala

Mexico

Puerto Rico

EUROPE

Albania

Belarus

Belgium

Bulgaria

Croatia

Czech Republic

Cyprus

Denmark

Finland

France

Germany

Greece

Hungary

Ireland

Italy

Holland

Norway

Poland

Portugal

Romania

Russia

Slovakia

Spain

Switzerland

Sweden

Turkey

Ukraine

United Kingdom

AFRICA

Algeria

Kenya

Malawi

Morocco

Senegal

South Africa

Zimbabwe

The Sustainability Report is available on: www.monsanto.com.ar/responsabilidad_corporativa/compromiso_rendimiento_sustentable.aspx

Our seed processing facilities located in Rojas and Pergamino, and our agrochemical production facility in Zárate, have been awarded a triple international certification for their quality, security, and environmental protection systems.

Furthermore, the agrochemical production facility fully complies with the Responsible Care in Environmental Protection Program, organized by the Argentine Chamber of Chemical and Petrochemical Industry (Cámara de la Industria Química y Petroquímica de la República Argentina, CIQyP).

The environmental indicators of facilities allow us to measure the impact of our activities, determine environmental goals linked to our business, and do this more sustainable every time, having the core objective of making a rational use of resources and preserving them

Energy: our efforts are aimed at an efficient use of this resource, not only as a strategy for reducing operating costs, but also as a way of lowering our CO2 emissions and thus contributing to the fight against climate change.

Water: out goals seek to minimize the consumption of this valuable resource.

Gas emissions: aligned with the global concern related to greenhouse gases emissions, our company monitors and manages its CO2 emissions.

Waste management: our waste is managed under strict guidelines pursuant to our Waste Management Program, which is applied in all of our plants.

Effluents: year after year, we work towards the goal of raising the capacity of biodegrading liquid effluents within our treatment facility.

Seedbed of Future is our personal challenge, our goal.

It was born out of the voluntary participation of all our people, together with different NGOs and Civil Associations that are aligned with the main focus of the company: the rural population. It is the reflection of the commitment of all Monsanto's employees to the future of education, health, technological development and, environmental protection within the Argentine agricultural sector.

We carried out 255 social projects, funded in six editions, among which 6 million pesos were allocated. They provided a direct benefit for 40,000 people in 16 provinces of the Argentine Republic, the Republic of Paraguay and the Oriental Republic of Uruguay.

Furthermore, from Monsanto Fund we are committed to different organizations related to the civil sector in subjects such as education, health and nutrition and the environment.

Through Monsantogether, Monsanto's Global Corporate Volunteering Program implemented throughout the world, 10 organizations received benefits by means of 10 projects in Rojas, Londina, San Nicolás, Campana and Zárate (Argentina) and Peñaflor (Chile), with an estimated total of 3,000 hours of volunteer work.

With the objective of helping raise the global production of food in view of the world’s growing demand, Monsanto created the International Beachell-Borlaugh Scholars Program, with an investment of USD 10 million, which aim is to help identify and support young scientists interested in increasing research work in the subjects of rice and wheat.

SOCIAL INVESTMENT

ACADEMIC COMMITMENT

Producing More

Dekalb® provides farmers with a corn and sorghum production system that combines an outstanding genetic potential, the latest developments in biotechnology, an accurate agronomic recommendation for every plot and the pertinent advice regarding planting seasons, correct densities and levels of fertilization, protecting the crop and maximizing the yields.

Roundup Ready Plus® is the program by which Monsanto develops the best agronomic practices, business benefits and weed management recommendations, together with Roundup Full II® and Roundup Ultramax®, the herbicides backed by over three decades of research and development in the market.

SEMINIS® develops vegetables that improve nutrition, boost crop yields, limit spoilage and reduce the need for chemicals.

INTACTA RR2 PRO is the first of the new Genuity® technologies developed by Monsanto especially for South America. It is a technology that provides an exclusive and comprehensive solution for soy crops, providing protection against main caterpillar species that attack the crops, tolerance to the Roundup Ultramax® herbicide and yield improvements for the varieties including this technology, while reduces the environmental impact due to a lower use of insecticides.

We are a leading company in the agricultural technology sector.

In Latin America South, we work together with farmers from all over the world

in order to make agriculture a more profitable and sustainable activity.

The implementation of Good Agricultural Management Practices helps preserv-

ing economic, social and environmental sustainability. That is why we employ a

robust Responsible Management program during the whole lifecycle of our

products and why we are a company certified by the Excellence Through

Stewardship® Program developed by BIO® (Biotechnology Industry Organization).

All Monsanto’s employees are key

on contributing to a sustainable future.

Conserving More Improving lives

We are committed to sustainable agriculture in order to help improve the lives of farmers including 5 million people in resource-poor farm families by 2020.

Monsanto's aim of preserving natural resources and producing within

the framework of sustainable development is a core part of our

commitment to the community.

OUR PEOPLE

HUMAN RIGHTS

Thanks to the daily contribution of those who are a part of Monsanto, we will be able to keep meeting our goals. In all the five countries that comprise the Latin America South region, our 1,160 employees are essential for maintaining our leadership.

Our core objective is to build an inclusive and diverse organization that values and involves all the talents and opinions of our people, assuring an equality of opportunities. That is why we created the Climate Committees as a solid answer to the broad variety of proposals and suggestions received in order to create the greatest place to work.

We ensure that the conditions regarding home, healthiness, hygiene and security of temporal farm workers comply with the highest quality standards, regardless of their size and location. During 2011, we invested over 12 million dollars in infrastructure, remodeling and organization of our camps.

Aligned with our Human Rights policy, Monsanto does not tolerate any form of child labor.

We once again succeeded in establishing ourselves as one of the best companies to work in, being awarded with the third place in the Great Place to Work® list within the segment of medium-sized companies in Argentina.

Our policy is inspired by the Universal Declaration of Human Rights and the Declaration on Fundamental Principles and Rights at Work issued by the International Labor Organization. An estimate of 19,500 hours of training in the filed of Security and Human Rights allowed us to obtain the best performance in security within the region during the last few years.

Our commitment to academic life is to forge bonds and contribute to the development of educational activities and scientific research. Generate links and contribute to the development of the educational and scientific research, is our commitment to academic life.

Our technologies

allow farmers

to get more from

every acre.

Protecting and

conserving resources

for future generations

Las MejoresEmpresaspara TrabajarArgentina

2011