Electrolux AB

JS: We reorganized how our entire business works with sustainability. Our new Sustainability Board to ensure we have the right programs, objectives and ambition level to achieve our long-term goals met four times during the year. The board is already showing how crucial it is in driving our strategy forward and overcoming any obstacles we may encounter along the way. [...] HS: We have certainly developed cooperation around sustainability throughout the organization, for example our Purchasing function now has their own sustainability managers, as do other functions and business areas too. [...] JS: I am particularly proud of our new long-term incentive program for senior managers that includes a substantial climate impact reduction element to drive our climate action going forward. The program is designed to reward the top 260 managers at Electrolux to drive climate action throughout the organization – which will be crucial in achieving our science-based climate target by 2030. [...] HS: Importantly, the long-term incentive program is Group-wide, which means that we all have to work together to achieve it. We have short-term targets on a business area level, but the incentives depend on our achievements throughout the organization as a whole.

The Group External Affairs Committee, including representatives from the business areas, coordinates positions and other public affairs matters. [...] Group Management and functional heads have the overall responsibility for our public policy. Each business area is responsible for engaging with their respective policy makers. Public policy initiatives are primarily conducted through industry organizations, such as the European Appliance Industry Association (APPLIA) and the Association of Home Appliance Manufacturers in the United States and Canada (AHAM), the Australian Consumer Electronics Association and the Associação Nacional de Fabricantes de Produtos Eletroeletrônicos (Eletros) in Brazil.

The Group External Affairs Committee monitors regulatory developments in our markets and develops common Group positions. [...] Public policy initiatives are primarily conducted through industry organizations, such as the European Appliance Industry Association (APPLiA) and the Association of Home Appliance Manufacturers in the United States and Canada (AHAM), the Australian Consumer Electronics Association and the Associação Nacional de Fabricantes de Produtos Eletroeletrônicos (Eletros) in Brazil.

The Board of Directors is ultimately responsible for the company's organization and administration. The Board has established committees with advisory and preparatory roles, but may delegate decision-making powers on specifi c issues to the committees. For more information, see the Corporate Governance Report on pages 17–28. The committees that are focused on sustainability-related matters are the: [...] • Audit Committee — which assists the Board in, among other things, overseeing the sustainability reporting processes, to ensure the quality of such processes and reporting. [...] The Board appoints, and provides instructions and guidelines to the President and CEO, who is then responsible for the ongoing management of the Group. [...] The President and CEO appoints the members of the Group Management. The global function — Technology, Digital and Sustainability (TDS), which is headed by the Chief Technology and Sustainability Offi cer (CTSO) is represented in the Group Management. The CTSO is accountable for developing and operationalizing the sustainability framework within the Group. [...] In 2019, the Group established the Sustainability Board, to oversee and provide direction for its sustainability framework. This is the key forum for sustainability governance within the Group. The Sustainability Board is chaired by the President and CEO and convened by the CTSO. Other members include the Group Management and the General Counsel. [...] The President and CEO reports regularly on the development of the For the Better 2030 framework to the Audit Committee and the Board of Directors. The relevant sustainability targets and metrics, including the status of the Group's overall sustainability framework and the related results, are reported to the Board. The Board decides on changes to the applicable sustainability targets and the strategic direction of the overall sustainability framework, including the oversight and confi rms the outcome of the Double Materiality Assessment. At least once a year, the CTSO reports more holistically to the Board on the status of For the Better 2030, current sustainability issues and future developments. [...] The Sustainability Board convenes quarterly as a standard but can meet more often if and when needed. For more information, see table "Overview of Relevant Forums and Meetings" on this page. During 2024, the following main topics were addressed within the governance framework: [...] Board of Directors, through the preparatory guidance of the Audit and People Committee: [...] • Double Materiality Assessment outcome. • Sustainability targets. • Status of the CSRD implementation. • Status update of For the Better 2030, including the performance progress and on actions, targets, policies and governance model updates. [...] President and CEO, through the guidance of the Sustainably Board and Ethics & Human Rights Steering Group: [...] • Status update of For the Better 2030, including the progress and on actions, targets, policies and governance model updates. [...] • Double Materiality Assessment process, analyses and outcomes. [...] • Ongoing status update on CSRD implementation and sustainability reporting. [...] • Governance of the Group's sustainability work. [...] • Climate and Green Financing, including a science-based climate target update. [...] • Long-term incentive program, including the topics connected to sustainability progress. [...] • Information on upcoming legislation, including for example developments related to Corporate Sustainability Due Diligence Directive regulation. [...] • Speakup Line reports, trends and certain key decisions.

Electrolux Group's approach to public policy is governed by its Code of Conduct and high ethical standards are applied. The Group External Affairs Committee, including representatives from the business areas, coordinates positions and other public affairs matters. Group Management and functional heads have the overall responsibility for the Group's public policy. Each business area is responsible for engaging with their respective policy makers. Public policy initiatives are primarily conducted through industry organizations, such as the European Appliance Industry Association (APPLiA) and the Association of Home Appliance Manufacturers in the United States and Canada (AHAM), the Australian Consumer Electronics Association and the Associação Nacional de Fabricantes de Produtos Eletroeletrônicos (Eletros) in Brazil.

## Public policy

### Electrolux commitments

The Group External Affairs Committee, including representatives from the business areas, coordinates positions and other public affairs matters.

### Electrolux responsibility and resources

Group Management and functional heads have the overall responsibility for our public policy. Each business area is responsible for engaging with their respective policy makers. Public policy initiatives are primarily conducted through industry organizations, such as the European Appliance Industry Association (APPLIA) and the Association of Home Appliance Manufacturers in the United States and Canada (AHAM), the Australian Consumer Electronics Association and the Associação Nacional de Fabricantes de Produtos Eletroeletrônicos (Eletros) in Brazil.

JS: We reorganized how our entire business works with sustainability. Our new Sustainability Board to ensure we have the right programs, objectives and ambition level to achieve our long-term goals met four times during the year. The board is already showing how crucial it is in driving our strategy forward and overcoming any obstacles we may encounter along the way. [...] HS: We have certainly developed cooperation around sustainability throughout the organization, for example our Purchasing function now has their own sustainability managers, as do other functions and business areas too. [...] JS: I was proud to join 155 major companies in signing a statement from the Science Based Target Initiative, urging policy makers to align coronavirus recovery plans with the latest climate science. [...] HS: A key development during the year was that we secured a commitment from our top 200 suppliers to disclose their emissions and set targets through the CDP Supply Chain Program. This is a step toward our target of zero net carbon emissions throughout the value chain by 2050.

## Public policy

### Electrolux commitments

The Group External Affairs Committee, including representatives from the business areas, coordinates positions and other public affairs matters.

### Electrolux responsibility and resources

Group Management and functional heads have the overall responsibility for our public policy. Each business area is responsible for engaging with their respective policy makers. Public policy initiatives are primarily conducted through industry organizations, such as the European Appliance Industry Association (APPLIA) and the Association of Home Appliance Manufacturers in the United States and Canada (AHAM), the Australian Consumer Electronics Association and the Associação Nacional de Fabricantes de Produtos Eletroeletrônicos (Eletros) in Brazil.

GRI 415 Public Policy [...] 415-1 Political contributions | Electrolux policy influencing | 16

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Group Sustainability and Group External Affairs functions are responsible for policies and positions development related to sustainability matters, including the climate change area. Key Group policies and positions are developed and agreed in a cross regional team (Group External Affairs Committee - GEAC) consisting of subject experts representing Europe, North America, Latin America and Asia Pacific & MEA. Final decisions are made by Group management. The two Group functions also serve the business sectors on issues related regulatory environment, mainly sustainability and trade policy issues. The two functions use an internal network of experts in the business sectors for monitoring of trends, legislation, and the public debate. To ensure consistent messaging on our climate strategy, Electrolux involves all relevant stakeholders on a global level, through monthly and/or quarterly forums, to be updated on strategy and positions. If inconsistencies occur, and if these are material for the Group, the CEO has the ultimate power to override business sector decision.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes