Under this perspective, we present our second Annual Integrated Report including the Company´s financial and non-financial performance during the year 2016 in the countries in which we operate¹ , which has been prepared in accordance with the Exhaustive Compliance approach to the GRI Standards. This is the latest version of the international reference methodology, developed by Global Reporting Initiative (GRI) for the communication of social, environmental, and economic performance together with the corporate governance practices.

We continue working on our information management processes, focusing on continuous improvement to strengthen a solid relationship with our stakeholders, in order that the GRI Standards contents we report will be submitted to external verification in the future. It is worth to note that this report does not include information restatements with respect to the included in the precedent report, i.e. the 2015 data.

This report focuses on the topics identified as material issues from the Company´s strategic overview and from the stakeholders´ overview which is also included in our sustainability model2. According to the identification process of impacts and risks, the limits of material issues were defined, considering our different subsidiaries (internal limits), as well as the entities of our value chain (external limits).

The list of material issues and limits approved by the Sustainability Committee is provided below.