Colleagues:

Hugh Grant
In 2006, we announced that our Board of Directors adopted a Human Rights Policy for our company. This was an important step forward for Monsanto, a natural outgrowth of everything we believe and do as described in the Monsanto Pledge.
The Human Rights policy underscores our commitment to human rights wherever we do business worldwide. It includes provisions on child labor, forced labor, compensation, working hours, harassment and violence, discrimination, safety, and freedom of association.
As always, any policy is only as good as what we actually do. Adopting this policy on human rights and communicating it to our employees and other stakeholders is a first step. Next, we created operating guidelines, conducted training sessions and measured how we are doing. Our Board of Directors has said it wants regular progress reports, and we will also report our progress to our employees and to our public stakeholders.
Sincerely,
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Hugh Grant
Monsanto Chairman, President and Chief Executive Officer