Localiza Rent a Car S A : Sustainability Report

2022 was a historic year for Localiza&Co, which marked significant advances in our commitment to create

a sustainable future for mobility.

We maintained our focus on value creation, guided by our ESG agenda and driven by a long-term vision, always placing the customer and employees at the heart of our decisions.

With the completion of the business combination with Locamerica, we are prepared to reach even higher heights. In just three months, we carried out a successful divestment (carve-out), which consisted of creating a company, and even so, we managed to maintain the growth trajectory of rental revenues. We also began to operate in the heavy vehicle rental, special vehicles and agro segments, market niches with a great potential for growth. We remain dedicated to ensuring the effective integration of employees, working with care and

attention to promote synergy between teams and a good organizational climate.

We launched Localiza+, a new solution aimed at customers with their own cars, offering overhaul and maintenance services provided by our partners. Based on this initiative, we diversified our activities in the mobility ecosystem, positioning ourselves as a solution platform aimed at the most diverse demands

of society.

We also have an engaged team: over 17 thousand professionals determined to offer the best solutions to our customers, positively surprising them. We are a company that is always looking to learn and evolve. Our culture is built on ethics,

and through leadership and boldness, we established an organization that, in our opinion, is ready for the challenges of the future.

With a careful and empathetic look at our team, we seek to develop a respectful, welcoming and inclusive environment, forming a high-performance team that celebrates and strengthens itself with its differences, in addition to inspiring the evolution of society. In 2022, Localiza&Co's Diversity and

Inclusion Program received the highest score in the Equidade BR survey by the Human Rights Campaign, being recognized among the best places for the LGBTI+ public to work, as well as maintaining scores above 90 in the employee's perception on issues related to Localiza&Co's performance in Diversity and Inclusion in the climate survey. We are also among the Best Companies to Work For in the GPTW (Great Place to Work) Women ranking.

Moreover, the position we rank in 4th place in the GPTW and the 84% favorability in the climate survey, calculated after the business combination, prove our commitment to offering a careful and welcoming work environment for our team development. This care for people is not restricted to the Company's employees; it goes beyond its limits to positively impact other stakeholders.

In 2022, Instituto Localiza completed its first year of operation, which aims to bring people together for social transformation. In this first cycle, more than 12 thousand people were positively impacted with technical training and productive inclusion projects in areas related to the mobility ecosystem, with an investment of over R$3.6 million in direct donations.

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In 2022, 100% of the energy used by the Company came from clean renewable sources.

Focused on tackling climate change, following our decarbonization journey, we also engaged in the environmental pillar: we published the fourth greenhouse gases (GHG) inventory, audited by a third party, and we once again received the GHG Protocol Gold Seal,

in addition to remain in B3's Carbon Efficient Index - ICO2. We fuel 100% of our flex-fuel cars with ethanol, as it pollutes less than gasoline, encouraging and guiding our employees to do the same through internal policies. We invited our customers to join our decarbonization journey with the launch of Neutraliza, a program that encourages them to offset their emissions during their journey with us, through an additional fee of R$1.99/day for daily contracts or R$0.99/day for monthly contracts. We continue to evaluate fleet electrification initiatives, and in partnership with Renault, Raízen and other companies, we make 200 electric vehicles available to Zarp Localiza partner drivers. Also in 2022, we started the study of Climate Risk Assessment, which will help to guide our actions, and priorities on the subject.

We also made important advances in the use of clean energy. We have solar farms, we install solar panels at branches, and we buy clean energy. For the remaining portion, relating to the energy consumed in the captive market, we purchased I-RECs from wind and solar sources, neutralizing Scope 2 emissions.

Operationally, from the second half of the year onwards, the supply of cars showed a substantial improvement, allowing us to accelerate vehicle purchases again, enabling the start of the fleet renewal process and the resumption of growth in car rental and sales volumes. The Car Rental division recorded, in 2022, a pro forma¹ net revenue of R$7.4 billion and a 28.2% growth compared to the previous year², even with the impact of the sale of 49 thousand vehicles from the carve-out. Fleet Management, in turn, accelerated its growth pace in the rental fleet, generating a pro forma net revenue of R$4.4 billion, a 48% increase compared to 2021.