We follow a strict ESG due diligence process before acquiring property. Examination covers legal ownership rights and the farmland management practices of third-party managers, joint venture partners, tenants or operators, and financial risk and return analysis. We strive to continuously improve our process for determining land rights, particularly in regions with maturing legal structures. We also assess a range of environmental impacts and risks, including pesticide storage, harvesting practices, water rights and water use efficiency, and presence of endangered species. In addition, we conduct ESG audits in Brazil to monitor and enhance sustainability practices in partnership with tenants on farms. Following acquisition, our team actively monitors each farm with annual site evaluations to assess property-level performance against the UNPRI Farmland Guidelines. Each year, we report on a variety of property standards, ranging from infrastructure maintenance and harvesting practices, to compliance with legal, employment and other local regulations. We make regular site visits to verify that farm management practices and working conditions meet our high standards. We track progress on our ESG performance each year using a set of KPIs that map to the UNPRI Farmland Guidelines.