S&P Global Ratings assesses Hinove Agrociencia S.A.'s Green Financing Framework as Medium Green--activities that represent significant steps towards a low-carbon climate resilient future but will require further improvements to belong-term low-carbon climate resilient solutions. Hinove is a Brazil-based producer of phosphate fertilizer, which is derived from the phosphate rock. Phosphorus is crucial for energy transition in in farming, root development, flowering, and fruiting. Hinove mainly serves sugarcane producers in Brazil's midwestern and southern regions.