Georg Fischer AG

The Board of Directors' Sustainability Committee and the Corporate Sustainability Council continue to drive sustainability to new heights. The Sustainability Committee oversees the comprehensive set of environmental, social and governance (ESG) objectives in the Executive Committee's annual performance evaluation. In November, the Board took a week-long deep dive into sustainability as part of its visit to US customers and GF facilities; it confirmed the measures and initiatives to meet the company's sustainability goals by 2025. [...] GF is a member of industry-relevant organizations in its home base, such as economiesuisse and Swissmem. They represent the company's interests in political and economic matters. Annual membership fees in these organizations amount to less than CHF 100'000. In the year under review, no contributions were made to any political parties or individual politicians.

GF does not endorse any political parties or engage in political activities, and contributions from any GF entity to political parties or for political purposes are generally forbidden. Requests for an exception to this policy must be submitted to the Company Secretary and approved by the Executive Committee. In 2024, no financial contributions were made to political parties or individual politicians. For further details, consult the Memberships section in the Corporate Governance Report. [...] Although GF does not engage in political events, it may articulate positions on political and social matters that have a direct impact on the company or where it possesses a well-informed perspective as a result of its business operations. For issues affecting the entire industry, GF relies on industry associations to advocate for collective interests. Any deviations from this policy must be approved by the CEO.

The Nomination and Sustainability Committee of the GF Board of Directors is responsible for the company's overall sustainability performance. GF measures its overall progress toward sustainability goals against a timeline specified in the GF Strategy 2025. The Nomination and Sustainability Committee also ensures that 10% of the executive short-term incentives plan (STIs) are aligned with GF's sustainability goals, such as the company-wide GHG emission target, the zero accidents campaign, circular economy benchmarks and the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). [...] To assist the Executive Committee in implementing the Sustainability Framework 2025, GF established the Corporate Sustainability Council (CSC). Headed by the CSC Chairperson, the council also meets twice a year and oversees and coordinates all sustainability-related activities. Members include the CEO, CFO, divisional presidents, corporate and divisional sustainability teams and high-level members of management. The CSC's key responsibilities include: • tracking and reporting GF's progress on its Sustainability Framework 2025; • supporting the Executive Committee in making decisions on cross-divisional sustainability projects and initiatives; • coordinating and supervising these projects and initiatives; and • reporting their progress to the Executive Committee.

The Nomination and Sustainability Committee of the GF Board of Directors is responsible for the company's overall sustainability performance. GF measures its overall progress toward sustainability goals against a timeline specified in the GF Strategy 2025. The Nomination and Sustainability Committee also ensures that 10% of the executive short-term incentives plan (STIs) are aligned with GF's sustainability goals, such as the company-wide GHG emission target, the zero accidents campaign, circular economy benchmarks and the implementation of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). [...] The Corporate Sustainability team coordinates sustainability activities within GF and with its external stakeholders to raise organizational awareness about sustainability, human rights and climate-related risks. Its core duties include implementing the Sustainability Framework 2025 and collaborating with the divisions to support their sustainability activities. Corporate Sustainability is also responsible for the transparent annual disclosure of the company's sustainability performance in this annual Sustainability Report and via other channels. This includes ongoing cooperation with external ESG rating agencies – an important task that is closely linked to the work of the Investor Relations team. It also works closely with each division's sustainability teams to track the progress of individual sites, business units and divisions against their targets.

The Board of Directors' Sustainability Committee and the Corporate Sustainability Council continue to drive sustainability to new heights. The Sustainability Committee oversees the comprehensive set of environmental, social and governance (ESG) objectives in the Executive Committee's annual performance evaluation. [...] For the roll-out of the Sustainability Framework 2025, GF established a Corporate Sustainability Council (CSC) at the Executive Committee level in 2021. The CSC coordinates and steers all sustainability-related activities and advises the Executive Committee. [...] GF is a member of industry-relevant organizations in its home base, such as economiesuisse and Swissmem. They represent the company's interests in political and economic matters. Annual membership fees in these organizations amount to less than CHF 100'000. In the year under review, no contributions were made to any political parties or individual politicians.

The GF Board of Directors is responsible for the company's overall sustainability performance. In mid-2020, sustainability came under the remit of the Nomination Committee, which was renamed the Nomination and Sustainability Committee. More information about the areas of focus and meetings held in the year under review can be found in the chapter Nomination and Sustainability Committee. GF measures its overall progress against a predetermined timeline and the strategy cycle. [...] The Sustainability Committee also ensures that executive compensation is aligned with GF's sustainability goals – in particular, the eight targets of the Sustainability Framework 2025. As a result, each Executive Committee member's short-term incentive (STI) is linked to the company-wide CO e emission target. Members also have individual targets linked to initiatives such as the zero accidents campaign, as well as circular economy benchmarks or targets to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). [...] To assist the Executive Committee in implementing the Sustainability Framework 2025, GF established the Corporate Sustainability Council (CSC). Headed by the CSC Chairperson, who advises the Executive Committee, the council also oversees and coordinates all sustainability-related activities. The CSC meets twice a year. Members include the CEO, CFO, divisional presidents, corporate and divisional sustainability teams and high-level members of management. The CSC's key responsibilities include the following: ▪ tracking and reporting GF's progress in its Sustainability Framework 2025; ▪ supporting the Executive Committee in making decisions on cross-divisional sustainability projects and initiatives; ▪ coordinating and supervising these projects and initiatives; and ▪ reporting their progress to the Executive Committee.

The Nomination and Sustainability Committee also ensures that executive compensation is aligned with GF's sustainability goals – in particular, the eight targets of the Sustainability Framework 2025. As a result, each Executive Committee member's short-term incentive (STI) is linked to the company-wide CO2 emission target. Members also have individual targets linked to initiatives such as the zero accidents campaign, as well as circular economy benchmarks or targets to implement the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). [...] The Executive Committee oversees GF's progress in reaching its strategic goals and targets. It also conducts performance reviews between two and four times per year and within each division's management meetings. These reviews allow the Executive Committee to take the strategic and operational actions needed to ensure the company is on track to meet its sustainability goals. [...] To assist the Executive Committee in implementing the Sustainability Framework 2025, GF established the Corporate Sustainability Council (CSC). Headed by the CSC Chairperson, who advises the Executive Committee, the council also oversees and coordinates all sustainability-related activities. The CSC meets twice a year. Members include the CEO, CFO, divisional presidents, corporate and divisional sustainability teams and high-level members of management. [...] The CSC's key responsibilities include the following: ▪ tracking and reporting GF's progress in its Sustainability Framework 2025; ▪ supporting the Executive Committee in making decisions on cross-divisional sustainability projects and initiatives; ▪ coordinating and supervising these projects and initiatives; and ▪ reporting their progress to the Executive Committee.

GF does not endorse any political parties or engage in political activities, and contributions from any GF entity to political parties or for political purposes are generally forbidden. Requests for an exception to this policy must be submitted to the Company Secretary and approved by the Executive Committee. In 2024, no financial contributions were made to political parties or individual politicians. For further details, consult the Memberships section in the Corporate Governance Report. [...] Although GF does not engage in political events, it may articulate positions on political and social matters that have a direct impact on the company or where it possesses a well-informed perspective as a result of its business operations. For issues affecting the entire industry, GF relies on industry associations to advocate for collective interests. Any deviations from this policy must be approved by the CEO.

GF does not endorse any political parties or engage in political activities, and contributions from any GF entity to political parties or for political purposes are generally forbidden. Requests for an exception to this policy must be submitted to the Company Secretary and approved by the Executive Committee. In 2024, no financial contributions were made to political parties or individual politicians. For further details, consult the Memberships section in the Corporate Governance Report. [...] Although GF does not engage in political events, it may articulate positions on political and social matters that have a direct impact on the company or where it possesses a well-informed perspective as a result of its business operations. For issues affecting the entire industry, GF relies on industry associations to advocate for collective interests. Any deviations from this policy must be approved by the CEO.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]GF as a Corporation joins institutions and organizations or funds research projects that touch on the company's operational and industrial activities in the widest sense. Membership requests in organizations that involve policy change are subject to the approval by the CEO, and the Executive Committee (comprising the CEO, CFO and the heads of each of GF's three divisions) makes a review of the list on an annual basis.

Reducing CO2 emissions in the whole life cycle of products is one of GF's core strategic positions. When engaging in new activities that influence policy, GF seeks to ensure that this position is aligned with those of the groups it is affiliating with. If these activities dot not align with GF's position, GF's Executive Committee declines to engage. For example, this position perfectly matches with the strategy of trade association TEPPFA. The perfect alignment between the climate change strategies of GF and TEPPFA is ensured by active participation in workshops and commissions of TEPPFA.

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

Describe the process(es) your organization has in place to ensure that your external engagement activities are consistent with your climate commitments and/or climate transition plan?[…]GF as a Corporation joins institutions and organizations or funds research projects that touch on the company's operational and industrial activities in the widest sense. Membership requests in organizations that involve policy change are subject to the approval by the CEO, and the Executive Committee (comprising the CEO, CFO and the heads of each of GF's three divisions) makes a review of the list on an annual basis.