Dexco S A : 03/31/2022 Summarized Minutes of the Meeting of the Board Directors

CNPJ No. 97.837.181/0001-47

A Publicly Listed Company

SUMMARIZED MINUTES OF THE MEETING OF THE BOARD OF DIRECTORS

HELD ON MARCH 23, 2022

DATE, TIME AND PLACE: on March 23, 2022, at 4:30 p.m., at Paulista Avenue, 1938, 5th floor, in the city and state of São Paulo.

CHAIR: Alfredo Egydio Setubal (Chairman), Alfredo Egydio Arruda Villela Filho and Helio Seibel (Vice Presidents) and Guilherme Setubal Souza e Silva (Secretary).

QUORUM: the totality of the effective members.

RESOLUTION ADOPTED: the Directors resolved unanimously to approve the revision of the Environmental Policy, in the form of the Attachment, reinforcing its commitment to environmental issues.

CONCLUSION: with the work of the meeting concluded, these minutes were drafted, read, approved, and signed by all. São Paulo (SP), March 23, 2022. (signed) Alfredo Egydio Setubal - Chairman; Alfredo Egydio Arruda Villela Filho and Helio Seibel - Vice Presidents; Andrea Laserna Seibel, Juliana Rozenbaum Munemori, Márcio Fróes Torres, Raul Calfat, Ricardo Egydio Setubal and Rodolfo Villela Marino - Directors; and Guilherme Setubal Souza e Silva - Secretary.

São Paulo (SP), March 23, 2022.

Carlos Henrique Pinto Haddad

Vice-President of Administration, Finance and Investor Relations

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CNPJ No. 97.837.181/0001-47

A Publicly Listed Company

(Attachment)

1. PURPOSE

To establish principles for managing the environmental aspects and impacts of activities in order to reaffirm Dexco's commitment as an environmentally responsible company.

The principles apply to all industrial, administrative and forestry units and should guide the management processes based on the Dexco's values described in the purpose and organizational culture (Way of Being and Doing), the objective being the improvement of processes and controls.

2. SCOPE

This Policy applies to all areas of Dexco, its management and employees.

PO.02 ENVIRONMENTAL POLICY

Department: Personnel and ESG Unit: ESG

First Published: 09/19/2011 Last Revision: (03/23/2022)

3. NORMATIVE STANDARDS NO.18 ESG Policy

A policy which presents the key organizational themes in Environmental, Social and Governance terms to which Dexco's Environmental Policy relates.

NO. 70 - Responsible Forestry Management

A standard which specifies guidelines for the use of wood by Dexco.

3.1 NBR ISO 14001 - Environmental Management System International standard which establishes the requirements to be adopted in the structuring of an Environmental Management System. It is a globally recognized model that allows the establishment through duly planned procedures, actions, and controls in the environmental management of processes.

This standard is used as a reference by Dexco for the implementation of the Environmental Management System at the industrial units.

3.2 Forest Stewardship Council® (FSC®)

Founded in 1993, the Council sets out the criteria for responsible forestry management, that is, environmentally adequate, socially beneficial, and economically viable.

The FSC certification recognizes responsible production and traceability of forest products, enabling consumers and companies to take informed decisions when purchasing, benefiting people and the environment as well as adding value to the businesses.

The FSC's guidelines are used as a benchmark for planning and execution of Dexco's forestry management.

4. DESCRIPTION OF THE PROCEDURES AND RESPONSIBILITIES

4.1. Scope

Dexco seeks to achieve the sustainability of its businesses through its activities of reconstituted wood panel and floor products, bathroom chinaware and metal fittings, water heating systems, industrial valves, production of ceramic coverings and forest plantation management. The Company acts in the responsible management of the environmental aspects which are inherent to the nature and scale of each one of its units. Through its Environmental Policy, it reiterates its commitment as an environmentally responsible company and strives to be a benchmark in its chosen market.

4.2. Principles with respect to:

4.2.1. Management

•  Preventing pollution and environmental risks at its operational chain from production to the distribution of the products, using technical and innovative solutions, thus mitigating their impacts;

•  Complying with the legislation relative to its activities, products and services, attending to the voluntary commitments assumed by the organization and establishing procedures for ensuring the use of inputs of illegal origin are avoided;

•  Protecting the biodiversity, headwater springs and water courses as well as conserving cultivated soil, measures which are inherent to the management of forest plantations with a view to the maintenance and/or improvement in eco-systemic services and environmental values;

•  Execute waste management in a way which is convergent to the concepts for reducing, recycling and reusing;

•  Evaluate the environmental performance of companies in the event of mergers and acquisitions;

•  Act in the mitigation of greenhouse gas emissions and adopt mechanisms of adaptation to combat the impacts of climate change.

The guidelines and commitments specific to activities linked to forestry management are listed in NO. 70 - Responsible Forestry Stewardship

4.2.2. Continuous Improvement

•  Endeavor to improve its environmental management through the management, periodic assessment of results, innovation and technology;

•  Implement training and professional qualification programs in order to adopt safe and healthy behavior and one which respects the environment;

•  Using the natural resources, raw materials and inputs necessary for the production processes in a rational and sustainable way;

•  Developing and offering products which permit the rational use of the raw materials;

•  Establish management tools specific to the nature and dimension of each principle across all the organization's business units.

4.2.3. Communication

7.

APPROVAL

•  Maintain communication channels with stakeholders on environmental and social aspects relative to the operations, products and services;

  This policy has been approved by Dexco's Board of Directors.

•  Document and disclose the scope and results achieved in meeting the socio-environmental commitments voluntarily assumed by the company;

•  Disseminate the Environmental Policy among employees and make it available to other stakeholders.

4.3. Responsibilities

Jointly with the ESG Unit, the Executive Committee is responsible for ensuring compliance with this policy, with the support of all the employees and with the systemic support of monitoring, measurement, analysis, and evaluation of the Environmental Management System at Dexco's units.

The management of updates of this document is incumbent on the ESG Unit, its validation being the responsibility of the Executive Committee and the Sustainability Committee with approval by the Board of Directors.

5.

SANCTIONS

Non-compliance with the guidelines of this Policy will be subject to the application of the appropriate disciplinary measures.

6.

DURATION

This Policy is effective from its date of publication and shall be revised every 3 (three) years or at any time, whenever necessary.