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Looking Forward

Impact Report 2022
Our Sustainability Journey
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About This Report
This is Aleph Farms’ first impact report since our company’s journey began in 2017. In it, we aim to set out
our vision for more resilient food systems and our progress in turning that vision into reality. Following thisreport, we will continue to publicly document our progress on impact on a biennial basis.
Transparency is paramount. Throughout our pre-commercial stage as a company, we have prioritizedbuilding social, environmental, economic, and nutritional sustainability into our product strategy, businessmodel, partnerships, and operations. Sustainability is a continuous journey, one that involves constantmonitoring of and vigilance towards our impact as we grow and scale our commercial footprint. We
recognize that we don’t have all the answers yet but are working to continuously improve. This report is an
opportunity for us to share details of our journey so far – from the establishment of our company through2022, including challenges, commitments, and updates on our progress.
We believe in the importance of transparent, comparable communication of ESG-related data. In
accordance with this belief, we have aimed to align this report to the international best practiceframework established by the Global Reporting Initiative (GRI). We have noted our initial alignment withspecific sections of the GRI standard throughout this report and are working towards full alignment inreference to GRI for future reporting.
At Aleph Farms, we strive to be open and collaborative. Our door is always open, and we welcome
feedback regarding this report. To share your thoughts, please email our Sustainability Team atsustainability@aleph-farms.com

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CEO Introduction

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GRI 2-22

Welcome to Aleph Farms’ very first impact report.

We are proud to have been recognized for our efforts and leadership in this , winning the
Sustainability Leadership Award as an organization in the Business Intelligence Group 2022
Sustainability Awards.

Aleph Farms was born out of a desire to tackle two of the most serious issues facing the world
today – food security and nature conservation. These two issues are intrinsically linked tohumanity’s food systems, and animal agriculture in particular. Amidst rising global demandfor protein, there is a pressing need for efficient and scalable solutions that can guarantee
unconditional access to safe and quality animal-based nutrition. We set out to create such asolution and provide such access for anyone, anytime, anywhere.

As a pre-commercial company, our thought leadership, engagement with policy-makers andindustry collaboration are necessary to make an impact in terms of protecting the climate
and strengthening food security. The partnerships we have developed with international
bodies, national governments, regulatory agencies, food incumbents, and others are vital to
our success to date, as well as our future growth. Building an ecosystem to support cellular
agriculture is critical to enable strong scale-up for this new way of supplying animal products.
In addition, our product strategy – focused on high-impact and high value products, suchas cattle-based products – is instrumental in fulfilling the environmental promise of cellular
agriculture and also in reaching mid-term price parity and more widespread acceptance of
cellular agricultural products.

Our aim became to achieve nature-inspired design. We understood that if we could growanimal cells and produce cultivated meat in a closed system, with substantially fewer resources
and in a controlled way, we would have the potential to be part of the solution.
From the outset, sustainability has been core to our raison d’être.
Meat and milk have helped shape our history, and we understand and value the nutritional,
cultural, and economic importance of conventional animal agriculture. The challenge is thatthe current animal agricultural sector has passed its maximum scale in terms of environmental
impact, public health, and animal welfare. We aspire not to replace conventional animal
products from raising whole animals, but rather, to complement sustainable livestock
agriculture with a new category of animal products, with the intent of diversifying anddecentralizing sources of animal proteins and fats. This is central to our purpose. With theappropriate policies in place, it is possible to drive a just and inclusive transition within theagri-food sector, one that optimizes food systems for all stakeholders, including and especially
livestock farmers, and also gets humanity living within planetary boundaries.

We are confident that by communicating key elements of our journey, we can continue toinspire and expand our ecosystem and to turn the future that we envision into a reality.

We are cognizant of the fact that in order to preserve natural resources for future generations
and to contribute to both the mitigation of and adaptation to climate change, we must ensurethat our business itself does not exacerbate negative impacts on the climate. I am proud to saythat we at Aleph Farms are committed to and are executing our roadmap to achieving net zerocarbon emissions by 2025 for our operations and by 2030 for our wider value chain.

Didier Toubia,
Co-Founder & CEO

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GRI 2-1, 2-3, 2-7

Aleph Farms Ltd. is a cellular agriculture company, headquartered and with operations in Rehovot, Israel
and with additional offices in the United States and Europe. We diversify the supply and decentralize theproduction of quality animal proteins and fats as a complement to sustainable animal agriculture.
Humans have practiced animal agriculture for millennia, observing and replicating natural cycles (animal
growth and reproduction) under controlled conditions in the pasture. Today, animal agriculture provides
sustenance for billions of people. However, global population growth and conventional agricultural practices
have had negative environmental and public health impacts, including on the resilience of food systems.
With humanity currently using 1.8 planets’ worth of resources each year 1, coupled with a rapidly changing
climate and significant biodiversity loss, there is a clear need for change. Cellular agriculture is the newest
chapter of animal agriculture’s story. ​With rising demand for animal proteins, domesticating animal cells
as complementary animal products reduces pressure on livestock farming and can help solve the inherent
conflict between scale and sustainability in our food systems.
At Aleph Farms, we put people and humanity at the center of everything we do. We innovate because
we care about our future and are dedicated to ensuring food accessibility through our quality animal
products, which can meet the needs of today and provide the chance f​ or a better tomorrow. By delivering
an exceptional, delectable product, we aim to create a positive impact on people’s lives and contribute toresilient food systems that benefits people and the planet.

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https://www.theworldcounts.com/challenges/planet-earth/state-of-the-planet/overuse-of-resources-on-earth
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About Us

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Environmental

SocialOur Vision

Our Values

Secure access to high-quality animal
products for anyone, anytime, anywhere, inservice of people, the planet and animals.

The code by which Aleph Farms and the people who
represent it live. What we celebrate and promote:

Creativity

Our Mission
To support a just and inclusive transition tosustainable and secure food systems, which
we achieve by diversifying the supply anddecentralizing the production of quality
animal proteins and fats as a complement tosustainable animal agriculture.

Innovation; openness to change; thinking
outside the box

CourageDaring to be pioneers and leaders

Collaboration

Inclusiveness; succeeding throughteamworkCare

For our product quality and safety; forhumans, animals, and the planet

Curiosity

Constantly learning and pushingboundaries; evolving, both as individuals
and as a company

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Environmental

SocialOur First Cut
Aleph Cuts is the first product brand launched by Aleph Farms andwill be used to market the world’s first cultivated beef steaks. Our
first Cut is the cultivated Petit Steak, grown from non-geneticallymodified cells of a premium Black Angus cow named Lucy. We chose
to focus on steak for our first product not only to achieve price parity
more quickly, but also due to the environmental and social impacts
associated with conventional beef agriculture – impacts that pertain
to land use and deforestation, biodiversity loss, greenhouse emissions,and precious resources like water. Across all conventional animal
agriculture, cattle have the highest environmental footprint.

What is Cultivated Meat?
Cultivated meat is an application of the animal cell, which is a new categoryof animal products. Like conventional meat, cultivated meat contains
animal muscle, fat, and collagen. However, this muscle, fat, and collagenis grown directly from animal cells, rather than by raising and slaughtering
an animal. Most of today’s cultivated meat is technically “hybrid” cultivatedmeat, meaning the products contain plant-based ingredients in addition to
the animal cells. We make Aleph Cuts by growing Angus cow cells on a plant
protein matrix, which optimizes our steaks in terms of meaty texture. As meat
cultivation technology advances, consumers will likely be able to purchaseboth hybrid and fully cultivated products from a variety of animal species.
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Environmental

SocialA New Category in Food
Just as meat-eating has shaped our evolution as a species and milk
influenced our progress as a civilization, we believe that at scale, a
new category of food products from cattle – the cow cell itself –stands to have a monumental impact on how humanity responds to
its current and future challenges. As a cellular agriculture company,
we are committed to advancing the applications of the animal cell –specifically developing new animal products that consist of protein
and fat. Through our own flagship product brand, Aleph Cuts, we aim
to bring to market our first application of cellular agriculture – theworld’s first cultivated beef steaks.
By enabling better-managed animals and necessitating fewer ofthem, cultivated meat can help alleviate some of the pressures facedby food producers, livestock farmers and society more broadly. We
want to increase responsible consumption and access to animal
products while helping humanity live within planetary boundaries,
solving the conflict between scale and sustainability that is associatedwith sole reliance on conventional animal agriculture.
We believe that we can advance resilience into food systems. Because
cultivated meat is made in closed systems, production can bedecentralized and take place geographically close to consumption,
including places where raising animals is not feasible. By diversifying
food supply with a short and predictable value chain, cellular
agriculture can significantly reduce susceptibility to shocks. As aresult, cultivated meat can offer a more stable supply of protein todiners, even amidst fluctuating markets and rising demand. It spurs
economic growth and empowers communities, countries, and regions
to access adequate, locally produced nutrition.

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Our Technology

1. Source

2. Grow

Growing Aleph Cuts via cellular agriculture takes approximately
four weeks. The cells for our first Cut, a cultivated Petit Steak, comefrom Lucy, a premium Black Angus cow who lives on a breeding farmin California.

We source a fertilized egg from
Lucy, allow it to develop for ashort period of time, and thenderive cells from it. These cells
have the potential to mature into
the different types of cells thatmake up meat, like muscle andcollagen-producing cells. The
cells are preserved at sub-zerotemperatures in our cell bank andcan be used to cultivate Aleph Cuts.

Next, we move a small numberof starter cells into a growthtank called a cultivator. Our
cultivators provide a temperaturecontrolled, clean, and closed
environment where cells canthrive. The cell feed contains
everything the cells need to live
and grow, including water, oxygen,nutrients, and growth factors. In
this environment, our starter cells
quickly produce many duplicates.

3. Mature & Structure

4. Harvest & Culinary
Innovation

Ranchers around the world purchase Lucy’s fertilized eggs and use
them to improve the quality of their livestock. We needed a source ofpremium cow cells and needed to look no further than Lucy.
We have no plans to raise cows because all we need is a one-timecollection of Lucy’s fertilized eggs. From there, we can grow highquality, tasty, and nutritious Aleph Cuts.
When at scale, we expect to grow thousands of tons of steak from thissingle collection.

This is a picture of Lucy

We transfer the young cells into
separate cultivators to mature into
different cell types for muscle andcollagen. Inside a cow, a networkof proteins and other molecules
would surround, support, and give
structure to these cells. At Aleph
Farms, we model this process witha plant protein matrix made of soy
and wheat, which enables the cells
to form the shape and texture ofan Aleph Cut.
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In just about four weeks our Cuts
are ready for harvesting andpackaging. They are stored andready for distribution to our chef
partners. Whether served as awhole cut, sliced, or shredded,
chefs can create traditional or new
innovative dishes with Aleph Cuts.

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Supporting our Mission
By supporting diversification of protein supply, our production model also supports stability ofthat very supply.

The presence of cultivated meat alongside sustainable animal agriculture in food systems
helps producers by increasing resilience and flexibility in times of high uncertainty, including in
the aftermath of external shocks like extreme weather events, global conflicts, or the onset ofglobal health crises.

Currently, a lack of diversity in protein production methods is hurting producers’ ability to keep
prices stable. In the face of sudden shocks to supply chains, existing production systems areincapable of adjusting to meet demand for conventional animal products, causing prices toincrease and consumers to panic.

Aleph Farms is working with an array of partners to develop innovative business models
that create synergies between cultivated meat and conventional livestock systems. By doing
everything to safeguard workers’ livelihoods and create new opportunities, we are proactively
allocating our efforts towards enabling current food producers to take active roles in thetransformation of food systems.

Cultivated meat’s short, predictable, and resilient value chain significantly reduces
susceptibility to shocks. As a result, it can serve as an anchor for prices, enabling a more stablesupply of protein to consumers, even amidst fluctuating markets and rising demand.

Aleph Farms’ Timeline
2017
Founded by Didier
Toubia, The Kitchen Hubof the Strauss Group,and Professor Shulamit
Levenberg from the
Biomedical Engineering
Faculty at the Technion,
Israel Institute ofTechnology.

2018
Became the first cellular
agriculture company togrow a cultivated thinsteak.

2019
Became the first cellular
agriculture company togrow cultivated meaton the International
Space Station, morethan 400 kilometers(approximately 250 miles)
above any local natural
resource on Earth.

2020

2021

Became the first cellular
agriculture company to
set a net zero carbon
target.
Established the firstcommunity centerdedicated to engaging
the public on cellular
agriculture.
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Revealed a prototypeof the world’s first
cultivated ribeye steak,produced with 3D
bioprinting technology.

2022
Conducted a second
experiment of cultivatedmeat production on
the International Space
Station.
Revealed a prototype ofcultivated collagen.

2023
Chief Rabbi of Israel
affirmed our cultivatedsteak as Kosher.

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Aleph Farms in Numbers

129full-time
employees

66%

$150

7

12

women in senior
management

1
1

million USD capitalover raised to datefertilized egg from4

cow to make thousandsof tons of steak

weeks to growcultivated steaks

leading protein industry partners

11patent families

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The Aleph Farms Approachto Sustainability
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Sustainability Governance

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GRI 2-13

Sustainability is woven into Aleph Farms’ very mission and purpose, so naturally, sustainability
is overseen at the highest level of our company and is incorporated inherently across all
business functions. Our Vice President of Sustainability, reporting to the CEO, maintains overall
leadership of our sustainability goals at Aleph Farms and is responsible for the establishment
and implementation of our strategy.

Our VP Sustainability is supported by our Sustainability Advisory Board, which is comprisedof experts in the fields of food systems, agriculture, and climate change. The board has
supported us on a number of strategic ESG initiatives, including our net zero carbon and
Just Transition strategies. It has also supported us in promoting policy and in expanding our
network at events and gatherings devoted to global food systems and climate action, suchas the United Nations Conference of Parties (COP), United Nations Food Systems Summits(UNFSS) and the Agriculture Innovation Mission for Climate (AIM4C).

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Didier Toubia

Prof. Shulamit
Levenberg

Health & Nutrition

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Our Leadership

Co-Founder & CEO

Kevin
Benmoussa
EVP & CFO

Dr. Lee Recht
VP Sustainability

Aurelia
Greystoke
Chief of Staff

Yifat Snider

Co-Founder and Chief
Scientific Advisor

Dr. Neta Lavon

VP People

CTO

Dr.Tami Dvash

VP R&D Meat Products
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Yifat Gavriel
Chief of RA, QA& Product Safety

Eyal Rivlin

VP Production& Operations

Nicky Quinn
VP Marketing

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Our Sustainability Advisory Board

Danielle Nierenberg

Aimée Christensen

Marc Buckley

Leonardo DiCaprio

World-renowned Researcher, Speaker,
and Advocate on all issues relating to ourFood System and Agriculture. The Presidentof Food Tank, an expert on sustainableagriculture and food issues and recipient of
the Sixth Annual Julia Child Award.

Founder & Chief Executive Officer,
Christensen Global and Founder & Curator,
Sun Valley Forum. Climate and Sustainability
Adviser and Speaker. Hillary Institute
Laureate, Aspen Institute Fellow.

Founder ALOHAS Regenerative Foundation,
Ecological Economist, Global Food Systems
Reformist, Regenerative Futurist for
UNFCCC Resilience Frontiers, UN Advisor &Advocate, EU Taxonomy PSF commission,
WEF Expert Member Network & Impact
Circle AI.

Academy Award winning actor, cofounder of Re:wild and Earth Alliance, UN
Messenger of Peace with special focus on
climate change, Board Member of several
environmental protection organizations
including the WWF and the Natural
Resources Defense Council, Winner of the
Clinton Global Citizen Award.

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Sustainability Policies and Practices GRI 2-23
While we are still at an early stage, we aim to implement a comprehensive approach to ESG
management in our business to provide a strong foundation from the start. We are building
our policy suite to ensure that our entire business is grounded in the same purpose andethics. We maintain strong principles, processes, and policies in areas of Anti-Bribery & AntiCorruption, Anti (Sexual) Harassment and General Safety, Corporate Information Technology
Strategy & Management, and Information Security Procedures. In addition, and central to oursustainability work, are the following:

Sustainability Policy
Our Sustainability Policy outlines the principles that underpin our operations, including
embedding sustainability in all business decisions, encouraging our value chain partners to
adopt sustainable practices, monitoring and managing our impacts, and ensuring that all
Aleph Farms employees are committed to the implementation and improvement of our policy
and strategy.

Engaging our People & Communities GRI 2-29

Supplier ESG Code of Conduct

Our partnerships and engagement with key stakeholders are vital to our growth. Central
to our mission is supporting a just and inclusive transition towards sustainable and secure
food systems, for which meaningful stakeholder engagement is crucial (see page X – Just
Transition.) We also engaged a range of internal and external stakeholders in our firstmateriality assessment (see page 21 – Materiality Assessment) in 2022 and continue tocollaborate with industry-leading organizations and consultancies to ensure that we makeinformed decisions (see page 33 – Partnerships) that account for the perspectives of those
who are impacted by our business.

Ensuring the integration of sustainable development principles and goals throughout our
supply is a priority for us. Our Supplier Code of Conduct spells out our own commitment
to doing business not only legally, but also ethically and with integrity, and is based on theten principles of the United Nations Global Compact initiative, the United Nations Guiding
Principles on Business and Human Rights, the International Labor Organization, Declaration on
Fundamental Principles and Rights at Work.

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Environmental

SocialSustainability – A Holistic Approach
We believe that to build more sustainable and resilient foodsystems and enable greater food security, we need to uphold fourpillars of sustainability impact: Environmental, Social, Economicand Health & Nutrition.

"How food systems use finite resources has
major implications on climate action, foodsecurity, economic prosperity, and social
well-being. Aleph Farms' holistic approachto sustainability allows us, as a growing
company, to frame our responsibility towards
the planet and humanity.”– Dr. Lee Recht, VP Sustainability
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Environmental

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Environmental sustainability for us means
managing and minimizing our use ofresources while tackling global issues, suchas climate change, water scarcity andbiodiversity loss. This includes designing
our processes and production lines withsustainability and resource efficiency
in mind and making sure to measure
all our inputs and outputs. As we scale,
it is vital for us to strive for continuous
improvements and efficiencies to reduce
our environmental footprint across sourcing
ingredients, waste, energy use, energy
sources, water use and greenhouse gas
emissions. Our work in this pillar aims toboth reduce and regenerate, providing
solutions for sustainable food systems.

Social sustainability to us means ensuringthat we are part of an equitable and justtransition to more sustainable economies,
and specifically more resilient food systems.
We proactively engage our stakeholders
and promote fair labor practices as webuild our supply chain. Through our workand engagement in international forums,
we hope to create government frameworks
to encourage and incentivize meaningful
discussions between cellular agriculture andlivestock farmers. This discourse can catalyze
collaboration and establish innovative
business models that protect communities
from potential impacts resulting from climate
action, such as loss of livelihood.

Economic sustainability for Aleph Farms
means forming a viable economic futurefor our products, while ensuring that they
are globally accessible and affordable.
Our partnerships are vital to achieving
this. Collaboration can drive economies
of scale and help achieve price parity withthe conventional meat market. Beyond
building financial models to ensure that
our sustainability practices help drive ourcompany’s growth, we also advocate topolicymakers on the need to re-evaluate
the true cost of food and incorporate
externalities such as environmental impact
and public health. Moreover, as we establish
our global footprint, we put emphasison empowering local communities andcontributing to decentralizing the protein
and fat sector for long-term and decent
economic growth.

As a company that is active in foodtechnology, the quality, safety, andnutritional value of our products is offundamental importance. As we scale, we
prioritize ensuring that our products areglobally accepted and trusted based on
the highest standards for food safety. We
recognize that by prioritizing the quality andtaste of our food products, we contributesignificantly to the development of more
resilient and healthier food systems, while
also strengthening national, regional, andglobal food security.

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Sustainable Development Goal (SDG) Alignment
Our approach to sustainability is bolstered by our alignment
to the Sustainable Development Goals (SDGs). We believe
the power of collective action to drives much needed focus
and globalized action in the face of today’s common societal
challenges. For this reason, we appreciate the ambitionsof the goals, targets, and indicators set by the SDGs, while
also acknowledging that there is still much work to be doneto achieve these ambitions by 2030. Together with SDG

SDG

Israel, we chose to align our business to 8 SDGs (detailed
below). We strive to support meaningful progress towards
these goals, while also ensuring we can credibly measure
our impact against them year-on-year. To that end, we
recently adapted the selected SDGs’ global indicators to fit
our capabilities as a growth company, acknowledging thejourney that our business is on – both internally and globally.
For instance, certain targets, such as the material footprintof our products and our carbon emissions, have been part ofour business’ more immediate priorities. As we launch andexpand our products globally, we will be able to drasticallygrow our contribution to resilient food production systems,
supporting our ultimate mission of global food security.
We are committed to tracking our progress against these
indicators as part of our sustainability strategy, which we willreport on in the coming years.

TargetSDG Indicator

Aleph Farms' Indicator

2.4: By 2030, ensure sustainable food production systems and implement resilient agricultural practices that increase productivity and production, that help maintain ecosystems, thatstrengthen capacity for adaptation to climate change, extreme weather, drought, flooding,and other disasters and that progressively improve land and soil quality

2.4.1 Proportion of agricultural area under productive
and sustainable agriculture

Development of food production processes that
support maintenance of ecosystems, strengthen capacity for adaptation to climate change,
extreme weather, drought, flooding, and otherdisasters, and that progressively reduce land andsoil stress. (supporting 2.4.1)

5.5: Ensure women’s full and effective participation and equal opportunities for leadership at
all levels of decision-making in political, economic, and public life

5.5.2: Proportion of women in managerial positions

Proportion of women in managerial positions at
Aleph Farms. (supporting 5.5.2)(Aligned – Diversity and Equal Opportunity 405-1)

7.2: By 2030, increase substantially the share of renewable energy in the global energy mix

7.2.1: Renewable energy share in the total final energy
consumption

Renewable energy share in the total final energy
consumption by our company, measured annually. (supporting 7.2.1)(Aligned – Energy 302-1 b)“Total fuel consumption within the organization from renewable sources, in joules or multiples, and including fuel types used.”19About Us

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TargetSDG Indicator

Aleph Farms' Indicator

8.3: Promote development-oriented policies that support productive activities, decent job
creation, entrepreneurship, creativity, and innovation, and encourage the formalization andgrowth of micro-, small- and medium-sized enterprises, including through access to financial
services

8.3.1: Proportion of informal employment in total employment, by sector and sex
8.5.1: Average hourly earnings of female and male
employees, by occupation, age, and persons with disabilities

Public promotion of policy that supports growthcompanies to have access to internationalframeworks. (supporting 8.3)

9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, withincreased resource-use efficiency and greater adoption of clean and environmentally soundtechnologies and industrial processes, with all countries taking action in accordance with theirrespective capabilities

9.4.1: CO2 emission per unit of value added

Carbon emissions per unit produced (Co2e).
(supporting 9.4.1)

12.2: By 2030, achieve the sustainable management and efficient use of natural resources

12.2.1: Material footprint, material footprint per capita, and material footprint per GDP

Material footprint calculated as tonnage of
biological material, water use and packaging in
production. (supporting 12.2.1)

13.2: Integrate climate change measures into national policies, strategies, and planning

13.2.2: Total greenhouse gas emissions per year

Total greenhouse gas emissions per year (scope
1,2,3). (supporting 13.2.2)

17.17: Encourage and promote effective public, public-private and civil society partnerships,building on the experience and resourcing strategies of partnership17.7.1: Amount in United States dollars committed to
public-private partnerships for infrastructure

Advocacy for public-private and civil society
partnerships; partnership for emerging technologies to support the Sustainable Development
Goals. (supporting 17.7.1)

8.5: By 2030, achieve full and productive employment and decent work for all women andmen, including for young people and persons with disabilities, and equal pay for work of equalvalue

17.16: Enhance the Global Partnership for Sustainable Development, complemented by multi-stakeholder partnerships that mobilize and share knowledge, expertise, technology, andfinancial resources, to support the achievement of the Sustainable Development Goals in all
countries, in particular developing countries
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Number of employees (male/female) engaged infull-time formal, productive work in conditionsof freedom, equity, security, and human dignity
at Aleph Farms (decent work, as defined by theInternational Labor Organization). (supporting
8.5)

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Materiality Assessment and Matrix –Identifying What Matters Most GRI 3-1, 3-2, 3-3

We engaged a range of key internaland external stakeholders andexperts, including our sustainability
advisory board, investors, suppliers,
and academic partners to test andunderstand these material topics
from the Aleph Farms perspective.
Consequently, we identified 6 topics
for priority focus in the short term as
we prepare our product for launch:
Climate & Carbon, Just Transition,
Food Security, Partnerships, Food
Safety & Product Quality, and Category
Definition and Responsible Marketing.
While we have flagged ‘Category
Definition & Responsible Marketing’ as

being high priority, we have made thedecision not to cover this topic in this2022 report. This is due to the inherently
external nature of the topic, meaningthat we want to take a cautious andmeasured approach that will consider
the ripple effect that any statements wemake may have on the wider cultivatedmeat sector and the perception of it.
With this in mind, we aim to solidify ourapproach to this in the coming year andpublish our progress in our next report.
We have decided to instead dedicate
a part of this report to 'Consumer
Education,' an important topic in its
own right that will eventually feed into
our position on ‘Category Definition &Responsible Marketing.’
While we will develop and build ourapproach to all topics, this prioritization
allows us to focus certain efforts andresources on the immediate future andgives us a blueprint for our strategy.
As we scale and commercialize ouroperations, we understand that ourpriorities and focus areas will shift as
well.

Priority ESG Topics
10,0

Sector Advocacy

8,0Food Security

Research and Development

Internal

In 2022, in collaboration with our
stakeholders, advisors and external
consulting partner, Anthesis Group, we
conducted a materiality assessment.
The aim of the assessment was to
identify and assess the actual andpotential impacts, both positive andnegative, that our business activities
and operations have on people, theenvironment, and the economy.
After close inspection of the industry
landscape as well as internationalframeworks, we identified 20 material
ESG topics to test with our stakeholders.

Diversity, Equity &Inclusion

Governance &Business Ethics
Community
and Social Good

4,0

Just Transition

Partnerships
Consumer
Education

Category
Definition &Responsible
Marketing

6,0

Health, Safety &Wellness

Climate& Carbon

Human Rights& Supply Chain
Standards

Zero Waste& Circularity

Water
Stewardship

Food Safety& Product Quality
Deforestation, LandUse & Biodiversity

Responsible
Sourcing
Packaging
Lifecycle
Management

Animal Welfare& Antobiotic Use

2,0

2,0

We will share our ambitions and ourapproach to each of these topics within
this report.

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As we scale and on an ongoing basis, we carefully manage ourenvironmental footprint. This includes conducting a Life Cycle
Assessment (LCA) on our cultivated meat products, alongsidemeasuring our corporate ecological footprint (greenhouse gases,
electricity, water, and waste).
In addition, we have launched programs for energy and resource
efficiency, our transition to renewable energies and waste
management that help us meet our environmental goals.

66%
reduction
in water use

CO2

92%
reduction ingreenhousegas emissions

90%
reductionin land use

94%
reductionin pollution

98%
reduction in soil
acidification

5.5x

more efficient
Feed conversion
ratio (FCR)(excl. Grass-fed)

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Climate & Carbon
Climate Change – Our Mission and Purpose
Responding to the climate crisis was and always will be a core driver in Aleph Farms’ creation and continued
existence.
Meat consumption will not and should not disappear. The cultural, nutritional, and social significance of
conventionally grown meat is not something we want to lose. That being said, food systems are in crisis, andintensive agriculture has led to biodiversity loss, deforestation, water shortages and overuse of antibiotics.
Perhaps most critically, 30% of worldwide GHG emissions2 are associated with the global food system. It isestimated that 57% of these emissions are linked to the production of animal-based food.
Cultivated meat is important in two very different ways: First, to mitigate further damage to the climate, it
provides high-quality protein with reduced emissions. Second, to adapt to the effects of climate change thathas already taken place, its production is both less reliant on specific climate conditions and more resistant to
extreme climate events.
Aleph Farms strives to be part of the solution by advancing cellular agriculture and furthering resilient andclimate-friendly cultivation of animal products.
We contributed our data and insights, together with 18 other companies in the cellular agriculture value chain,to an industry-level research study by CE Delft, modeling the life cycle analysis of cultivated meat at scale.
The research3 shows that when cultivated beef is scaled with renewable energy, there is a 66% reduction inwater use, 92% reduction in greenhouse gas emissions, 94% reduction in pollution and 90% reduction in land
use as compared to conventional beef production.
We continue to work closely with CE Delft establishing our own LCA and, even though we are not yet
commercial and still do not have real-time data, our LCA functions as a tool for decision making. It helps us tounderstand the major hotspots within our operations and supply chain, and, through scenario analysis, what
solutions will create the biggest ecological impact.
2“Science for Environment Policy”: European Commission DG Environment News Alert Service, edited by the Science
Communication Unit, The University of the West of England, Bristol.
3

https://link.springer.com/article/10.1007/s11367-022-02128-8

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Our Commitment - Net Zero Carbon

We are taking the following steps:

From early on, we have sought to build our company with a net
zero carbon mindset. Since 2022, we have been measuring ourcorporate GHG emissions (scopes 1, 2 and 3), to understand thebaseline for our operations and our wider supply chain. In 2020,
we became the first cellular agriculture company in the world
to announce a net zero carbon goal. Our goal is to reach net
zero carbon within our operations by 2025 (scopes 1 & 2) andthroughout our supply chain by 2030 (scopes 1, 2 & 3).

1

Our target of reaching net zero carbon by 2025 in our operations
is ambitious but attainable. We are realistic and expect multiple
challenges along the way, but with a robust roadmap to guide
us and several key partnerships to help us navigate, we aredetermined to succeed.

Our Route to Net Zero Carbon
Our initial roadmap to net zero carbon in 2021 was createdin partnership with Christensen Global Strategies, a worldrenowned consultancy in climate change and sustainability
strategies.
“By building a company with a net zero mindset from nearly day
one, Aleph Farms is pioneering the smart clean growth that allcompanies must take” – Aimée Christensen, CEO, Christensen
Global Strategies

Energy Efficiency and Electrification:
Designing efficient and circular practices
throughout all operations (scopes 1 and
2) and supply chain (scope 3). We willcontinuously invest in the decarbonization of
our production lines and work with suppliers
to strengthen their sustainable practices while
decarbonizing our value chain. Electrificationof selected practices to reduce emissions
linked to scope 1.

2

Renewable Energy:
Generating and/or sourcing renewableenergies to eliminate emissions linked toelectricity (scope 2).

3

Offsetting and Insetting:
We will offset our remaining carbon footprint
through local projects with a longer-term viewto finance climate protection projects in ourvalue chain (insetting).

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Since then, we have created an ecosystem of partnerships
to support our journey to net zero carbon. In 2021, we signed
a Memorandum of Understanding with Engie Impact, thesustainability consulting arm of world leading energy provider,Engie. This partnership enables us to integrate energy efficiency
and energy circularity into our operations, and strategicallysource our electricity from renewable sources. In tandem, ourpartnership with CE Delft - to analyze the life cycle impacts ofproduction and supply chain – is allowing us to optimize our
products’ overall ecological footprint. Finally, our partnershipwith Persefoni allows us to measure our greenhouse gas
emissions at a corporate level, breaking down our carbon
footprint to different scopes, sites, and operations, all according
to the GHG protocol.

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A Social Path to Zero Landfill
impactful, we wanted it to be inclusive and aligned with our social values. To achieve this, wepartnered with Yarok Hevrati (“Social Green”), a social organization that employs people
with disabilities to provide recycling and waste collection services, further intertwining social
betterment with ecological preservation.

In 2022, we launched our Waste Management Program to promote action to reduce, reuse andrecycle waste in our operations. Through auditing our waste reduction process and measuring
its results, we eliminated much of the waste and material that would otherwise head to landfill
and release methane, a greenhouse gas, into the atmosphere. Today, we have seven streams
of waste that get either recycled or recovered into energy. To make this process even more

Aleph Farms’ Waste Mgmt. Framework - A Path to Zero Landfill

Paper

Organic

RecycleRecoverto Energy

Disposable
Bottles

PackagingElectronic& Batteries

RecycleRecycleRecycle25

Solid

Recoverto Energy

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SocialThe Challenges for Low Carbon Start-Ups
As a company at the forefront of innovation and technology in the food sector, we areaccustomed to paving new, uncharted paths in many aspects of building our business – fromconstructing our supply chain ecosystem to developing the right testing procedures andprotocols. Our ambition to achieve net zero carbon emissions from inception is another path
we have had to trailblaze. As we are starting with a low carbon approach, we do not have anemissions baseline from which we can substantially reduce our emissions. We can never claim,
for instance, that “Aleph Farms has achieved X% emissions reductions.” We fully support leading
frameworks for calculating, reporting, and acting on climate change, such as the Science Based
Targets initiative, the Race to Zero, and others, but somewhat paradoxically, without a baselinefrom which to reduce, we and other growth-stage companies committed to preventing emissions
from inception are excluded from current frameworks.
We have also seen an opportunity for carbon markets to become more inclusive and help support
the growth of companies that are low carbon from inception. Under current approaches tocarbon credit issuance, companies can earn credits through the implementation of technologicaland operational changes that avoid, reduce, or remove GHG emissions. While this approach
may work well for industry incumbents, it being the sole means of generating carbon credits
prohibits companies that are low carbon from inception from gaining credits. With coming
guidelines to enhance transparency and rigor in the carbon marketplace, we are also keen to see
provisions for better inclusivity of low carbon early-stage companies. One such provision would
be the implementation of sector baselines for carbon emissions. This would allow low carbon
start-ups to gain credits by virtue of operating below a defined sector baseline, thereby rightly
rewarding them for creating new and sustainable products and services.
We believe in the importance and impact made by these frameworks and are advocating for
greater inclusion, so that companies like ours are incentivized to take action right from the
beginning.

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About Us

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SocialCurrent Offsetting Projects
While we strive to significantly reduce the amount of greenhousegases we emit, the reality is that we will not be able to completely
remove all emissions from within our operations and supply chain.
We therefore utilize credible carbon offsetting projects to combat
these remaining emissions and we have implemented some projectsof our own.
In 2021, we committed to annually offset the carbon footprint
associated with our company’s air-miles from business travel. That
year, we engaged with local organization Good Energy Initiative toplant 41 trees in low socio-economic cities in Israel – one for each
employee we had at the time. We chose to support this project
specifically to support our local community in Israel, as well as its
close ties to three of our four sustainability pillars: Environment,
Social and Economic.
For our 2022 airmiles, we invested in a carbon offsetting project
managed by Shachar Group, an Israeli company which specializes
in the treatment and recycling of industrial food waste. This projectfocused on turning unconsumed excess milk into animal feed andallowed us to offset 271 tons of CO2eq. The project was certified by
Oporto Carbon in accordance with standard ISO 14064-3, assured
by BDO in accordance with ISAE3410, and further verified by Herzog
Fox Neeman.

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People are central to all that we do. Given the potential scale of cellular
agriculture, we know that engaging stakeholders with our vision, mission andapproach is vital for our success and is perhaps most important for a just andequitable transition across animal agriculture. As such, we work in partnership withdifferent stakeholders across our value chains and are actively exploring future
partnerships that can bring value to livestock farmers and other stakeholders inanimal agriculture. We are also collaborating with partners in different markets tochampion local food cultures and strengthen local communities.

A Just Transition

Collaboration Is Complex but Can Be World Changing
At Aleph Farms, we see promoting and achieving a Just Transition as central to all that we do.
Global food systems need to change in a manner that is inclusive. To this end, we believe inadvocating responsible protein consumption and advancing sustainable practices in animal
agriculture, complemented by innovative technologies such as cellular agriculture that help
provide high-quality nutrition for all.

What is Just Transition?
Just Transition is a concept designed to ensure that thesubstantial benefits of the green economy transition are
equally distributed, while also supporting those who could
otherwise stand to lose economically, including countries,
regions, industries, communities, workers, and consumers.

To achieve this, we need to address the complexity of relationships between different activities
and stakeholders. Creating a fairer world through an equitable transition will only be possible
through collaboration and engaging stakeholders at all levels.
For example, the transition to more resilient food systems must include collaborations
and partnerships with farmers to promote their prosperity and introduce new economic
opportunities. Supporting and investing in local production, empowering communities, andgiving control back to farmers is a critical part of the overall social and systemic change
required of the agricultural and food sectors.

Key goals of a Just Transition should include decent jobs,
social protection, and social inclusion, while addressing theclimate crisis.
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The Just Transition in Action
Aleph Farms is not here to vilify conventional
meat. Rather, we believe in relieving pressure on
conventional food production by complementing it.
We do this with the animal cell – the newest categoryof animal products, and its applications, including
cultivated meat.
We also want our actions to be grounded in clear
research and understanding. To this end, and in
partnership with Prof. Harpinder Sandhu fromFederation University Australia, we began a socioeconomic study in 2021 that is examining the roleof cultivated meat in a Just Transition of livestock
farming. The study compares three regions: theUnited States, Europe, and the Global South, each ofwhich represents a different way of cattle farming.
The study’s aim is to develop innovative and tailoredbusiness models that include synergies between
cultivated meat and traditional livestock farming
systems in respective regions.

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Consumer Education and Our
Human-Centered Approach
Forging a Just Transition means accounting for the
impact that food system transformation will have on
people. All of us eat, so all of us are consumers, andultimately, what we choose to have for dinner has asignificant impact on food systems. In order to drive
positive change, we need consumers to be on board
and help us drive the change through what they
demand. This is why we are focused on:

Practicing
transparency, whichis indispensable forbuilding trust

Creating delicious
quality productsthat people are
excited to eat

Educating the
public about our
technology

When it comes to collaboration and stakeholder
engagement, the consumer must be part of the dialogue.
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Listening to Our Consumers
Building trust with consumers is paramount and central
to our mission. To bring our products to market andachieve scalable impact on food systems, we must
continue to work hard to ensure that our messaging is
simple and transparent.
Since our inception, we have conducted extensive
quantitative and qualitative consumer research, andthe results have been informative and encouraging.
From market research to engagement via our
Community Center (which includes a visitor center),dialogue with consumers is a top priority. Overall, ourresearch suggests that while cultivated meat is still an
unfamiliar food choice, it is likely to be widely acceptedby the public, especially by younger people.
Ultimately, trust is something that must be constantly
earned and never presumed. As our CEO, Didier
Toubia, shares, “Social proof is important to [ourfuture customers] ... They want to be assured that a
product is delicious, safe, functional, and beneficial
before they incorporate it into their diets. This is
why transparency and trust are cornerstones of ourcompany.”About Us

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From Start-up to Scale-up:
Ensuring Sustainability is Baked
into Business Growth
To drive sustainable growth for our business, we collaborate withpartners both in our upstream and downstream supply chains, whichhelps us reduce costs, drive economies of scale and achieve priceparity with the conventional beef market. We also promote policies
designed to account for the true cost of protein. These include policies
that aim to highlight climate and public health-related externalities
associated with food production and redirect subsidies to climatefriendly incentives and practices.
We take a pragmatic, long-term approach to financing sustainability
in our business. It’s a balancing act of course, ensuring we can growaggressively without compromising our values or contradicting our
purpose. However, with our net zero carbon commitment as our top
priority, we always consider how this target could be impacted or
supported through business decisions, financial and otherwise.

Innovation is our backbone. We are proud to be part of the World
Economic Forum’s Global Innovators Community, giving us aplatform to engage with public- and private-sector leaders and tocontribute new solutions to overcome existing crises and build future
resilience. We have also been officially recognized by the Agriculture
Innovation Mission for Climate (AIM for Climate) as an Innovation
Sprint Partner. As part of this innovation sprint, $40 million is being
invested in cellular agriculture R&D between 2021-2025 through
Aleph Farms in partnership with L Catterton, Strauss Group,
VisVires New Protein, CPT Capital, Synthesis Capital, Food Tank andChristensen Global. These partnerships support us in introducing our
products to global markets as soon as regulatory processes conclude
and approvals are finalized.

We actively collaborate in the global protein market to support andgrow our capacity, our reach, and, in turn, our impact. In January
2021, we signed a Memorandum of Understanding with Mitsubishi
Corporation’s Food Industry Group to bring cultivated meat to theJapanese table, combining the use of our scalable manufacturing
platform for producing cultivated steaks with Mitsubishi Corporation’s
expertise in biotechnology processes, branded food manufacturing,and local distribution channels in Japan. Later that same year, we
signed a Memorandum of Understanding with one of Asia’s largest
food companies – Thai Union – to help us accelerate our scale-up andgo-to-market activities and also elevate distribution of cultivatedmeat in existing marketing channels across the APAC region.
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Partnerships – Building the Ecosystem for a Fairer Food Sector

We seek to create partnerships that are mutually beneficial fromfinancial, environmental, and social perspectives. Our partners cover
the span of the value and supply chain. Some of these companies
offer capabilities in biotechnology and food processing; others in
go-to-market, distribution, and sales. They include industry leaders
such as Micarna, Cargill, BRF, Thai Union and Mitsubishi Corp Food
Industry Group. We aim to both learn from and inspire our partners.

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Research and Academic Partnerships

Environmental & Social Impact Partnerships

In addition to producers like farmers and ranchers, there wereparticipants from public, private, and not-for-profit sectors, including
policymakers, scientists, Indigenous Peoples, NGOs and IGOs, andyouth representatives. This diverse coalition includes segments ofthe population whose voices have historically been underrepresented
or non-existent in such forums, but whose voices are crucial indeveloping the discussions.

Industry Leading Partners

NGOs and International Organizations

The inherently complex nature of seeking meaningful transformationof the food systems means that we need to focus on action, propelled
through partnerships. In November 2022, Aleph Farms, as partof a coalition of leading food organizations, hosted the first everFood Systems Pavilion at COP27 in Egypt alongside a diverse set ofstakeholders.

Our Partners
World Class Investors

We are building an ecosystem for cellular agriculture. When we
started our journey in 2017, the blueprint for a supply chain like ours
did not exist. We needed to identify the right partnerships to continue
our growth and build a resilient value chain that could support our
mission. From the careful selection of our suppliers and our technicaland academic partnerships to our manufacturing partners who are
helping us expand our production capacity, we always endeavor towork collaboratively to achieve our long-term goals.

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Diversifying Our Diets for Healthier People
on a Healthier Planet

At Aleph Farms, we believe that cultivating nutritious
products facilitates a just and inclusive transition tosustainable and secure food systems.

Food systems affect everyone, and it will take all of us to make positive change happen, eachplaying their own role in an inclusive transition to a more sustainable, equitable and secureworld. Fortunately, leaders around the world are embracing the fact that food can and should
be produced without the heavy social and environmental price tags to which we have become
accustomed. Incorporating the animal cell and its applications into global food systems canrelieve pressure on conventional food production and play a key role in diversifying our diets.

Global Food Security – and theDangers of Putting All of Our
Eggs in One Basket
We need to relieve pressure on global food systems. Unforeseen
events with reverberations around the world such as the Covid-19
pandemic and Russia’s invasion of Ukraine have disrupted global
trade and food production. Supply chains have been stretched andfractured, food prices have inflated, and lack of access to high-quality
nutrition has worsened. Meanwhile, a changing climate has continued(at an increasing pace) to destabilize agricultural productivity.

Our Global Health Crisis
While people may be getting sufficient calories, these narrow diets
don’t provide enough vitamins and minerals and about 3.1 billion
people worldwide were unable to afford a healthy diet in 20205.
Currently, about 1.5 billion people in the world are affected by one
or more forms of micronutrient deficiency. Deficiencies in iron, zinc,
iodine, vitamins A, B12 and D impact many people globally, especiallywomen and children and those in lower income communities.

Without drastic changes to the way we produce and consume
food, food systems will remain vulnerable to sudden shocks. Today,
humanity relies on a shockingly narrow range of plant4 and animal
species to feed itself. While a limited set of food crops can be
efficient in terms of pure output and number of calories, it has serious
deficiencies in terms of impact on biodiversity loss, local resources,
agricultural resilience, and gaps in nutrition.

4

5

In 2020, sugarcane, maize, wheat, and rice made up around 50% of global crop
production. These species provide 50 percent of the plant-based calories we eat
and occupy 40 percent of the world’s arable land.

FAO, IFAD, UNICEF, WFP and WHO. 2022. The State of Food Security and Nutrition in the World 2022.
Repurposing food and agricultural policies to make healthy diets more affordable. Rome, FAO.
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Environmental

SocialGrowing Our Productsin Space – Aleph Zero
Aleph Zero is Aleph Farms’ space program. Beyond letting
us explore the frontiers of closed-loop, circular and nearzero resources production of cultivated meat, our space
program better enables us to apply new technologies to oursustainability practices on Earth.
Through the findings of Aleph Zero’s missions, whichbegan in 2019, we will better understand the effectsof microgravity on proliferation and differentiation ofcells, which may help enable deep space exploration bydisconnecting food production from planet Earth.

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Food Safety & Product Quality GRI 416-1
The safety, quality and nutritional value of our products is integral to
our food security vision. As we approach market entry, we want toassure regulatory agencies around the world that we meet strict foodsafety standards in our production process and that our final products
are safe to eat. We implement rigorous protocols to ensure the safetyof our products.

Our Stance on FBS & Antibiotic Use
From the start we decided that we would develop our products without the use of FBS (fetal bovine serum)6. Thisdecision was challenging from a technical point of view but was nonetheless rewarding and was driven by our desires
to support healthy food systems, to uphold the highest possible standards of animal welfare, and to grow productsthat reflect natural processes as much as possible. We partnered with WACKER to co-develop streamlined production
processes for essential growth medium proteins that serve as replacements for those proteins found in FBS. Growth
medium proteins are essential components naturally found in animals and represent one of the most prohibitive
expenses in scaling cellular agriculture. These proteins help cells grow and mature into muscle, fat and collagenproducing cells and are imperative for supporting cellular activity. This partnership and others like it help us achieve asignificant reduction in the cost of these proteins by matching the standard of quality and scale to the food industry.
This means all that we need from a cow is a fertilized egg.
Aside from starter cells that come from this fertilized egg, there are no animal-derived components in the cultivation
process and the final product. There are no antibiotics used in our production process, nor are any present in the final
product. This reduces risks of antibiotic resistance, foodborne illnesses, and zoonotic diseases.

6

Fetal bovine serum (FBS) is the liquid fraction
remaining after the blood drawn from bovine
foetus coagulates. Through centrifugation, cells,
coagulation fibrinogens, and proteins are removed
to produce serum.

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Specializing in Assurance and Safety
Public acceptance of food products relies on those products having
been demonstrated to be safe for consumption. This is why we havebeen diligent in providing regulators with data on safety. We havealso worked closely with safety-focused partners, such as the United
Nations’ Food and Agriculture Organization (FAO), which visited ourfacility in September 2022 in coordination with Israel’s Ministry of
Health, and subsequently published a report on food safety aspectsof cellular agriculture.

Our team developed a set of testing standards to demonstrate the safety and quality of
products, with a two-step approach:Transparency helps regulators – our valued partners – in protecting
consumers, workers, and the environment, and also helps consumers
themselves understand that cultivated meat is a safe source of highquality protein.
At Aleph Farms, we have a strong, dedicated team of in-house experts
leading our work in food safety, quality, and regulatory compliance.

We customized risk assessments
and implemented risk mitigationroutes for all aspects of production,
including ingredients, helping us
demonstrate that our food product iscompletely safe for consumption.

We maintain an aseptic production
environment that adheres toregulations concerning “cleanrooms,”
which are classified by the numbers
and size of contaminants permitted
per air volume. Since there is noslaughter involved in our production
process, the risk of contamination issignificantly reduced.

Our approach to safety often goes beyond what is required of us by global regulatory bodies
for food safety, who are indispensable partners in building trust with consumers.
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SocialThis impact report captures highlights of our progress up until 31st December 2022, but wehave so much more in the pipeline. In 2023, we announced new and exciting partnerships to
support our scale-up, and initiatives to promote sustainability in our operations. Here are someexamples of the work we have been accomplishing so far in 2023:

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We will continue meaningful engagement with our stakeholders to build out our ESG policy
suite. We will be launching our Diversity & Inclusion Policy and Deforestation/Conversion Free
Soy Sourcing Policy, for soy used in our plant protein matrix. While we currently do not use any
soy associated with deforestation or conversion, this policy will formalize our stance and will berolled out to our supply chain in 2023.

We have established a long-term partnership with Thermo Fisher Scientific to produce someof our formulations of growth media and acquired a manufacturing facility in Modi’in, Israeland certain related assets from biotechnology company VBL Therapeutics (Nasdaq: VBLT)
to increase local output. We also signed a Memorandum of Understanding with ESCO Aster,a vertically integrated contract manufacturing organization, to produce cultivated meat in
Singapore. ESCO Aster is the world’s first and only company with full regulatory approval
from a government authority (Singapore Food Agency), and with ISO 22000 and FSSC 22000
certifications, to produce cultivated meat for commercial sales and consumption at the highest
safety standards.

We have also established our Environmental, Health and Safety (EHS) Department, which
ensures that we are in full compliance with all EHS related matters and also supports oursustainability efforts throughout the company.
We are excited to be scaling up our community engagement initiatives in Rehovot, Israel, where
we are headquartered, from paid volunteering days for our teams to local transport initiatives
that promote more sustainable travel options for Aleph Farms commuters and our neighbors.
We continue to advocate for the future of our sector, and we are looking forward to promoting
regional Middle East food security and climate action ahead on the world stage at COP28.

Earlier this year, the Yesodot Institute published a policy paper that it had initiated previously incollaboration with Aleph Farms. The policy paper introduced the concept of a Just Transition in
the agri-food sector to the Israeli government and conveyed the importance of implementing
such a transition. Over a dozen partners took part in this initiative, including farmers andindustry associations, private companies and firms, and four government ministries.

Follow along on our journey here
https://aleph-farms.com/media/

We recently announced that Chef Marcus Samuelsson is joining Aleph Farms as an investor,
culinary advisor, and launch partner. Through much of his rise to fame as the celebrity chef
behind 13 restaurants around the world, a New York Times best-selling author and a TV
personality, Samuelsson has been using his unique background to elevate diversity in theculinary world.

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Thank You
aleph-farms.com

Aleph Farms,
1 Holzman Haim
Rehovot 7670401, Israel
Published: July 2023

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