OC Oerlikon Corp AG

How is sustainability governed at Oerlikon? Suess: Sustainability is governed at the highest level, that is at the Board level. ESG topics are regularly on the meeting agenda of the Board of Directors and the Executive Committee, reflecting our leadership and commitment to sustainability. Georg is a member of the Executive Committee and was appointed our Chief Sustainability Officer. He is responsible for executing the sustainability strategy and plan, supported by the Sustainability Management Team and various functions. To further anchor sustainability across the company, we are evaluating whether in addition to the current employee safety metric in our short-term incentive program, there are other sustainability key performance indicators (KPIs) that may be relevant for our strategic goals and can be reliably measured. In 2024, we will run a pilot project to assess which ESG KPIs can be implemented and measured on an annual basis. Feasible KPIs will then be implemented in 2025/2026 as part of the remuneration packages for management and employees. [...] Oerlikon's strategy and actions, including for sustainability, are governed at the highest level, specifically by the Board of Directors. Underpinning the Board's commitment to sustainability is the fact that the responsibility for sustainability has not been assigned to a Board committee but is a task of the entire Board. For the execution of our sustainability strategy, actions and initiatives, the Board has appointed a Chief Sustainability Officer (CSO), who is a member of the Executive Committee (EC). The CSO is supported by the Sustainability Management Team and other functions, with representatives from the strategic, operative and business levels. Ultimately, line management needs to ensure that business activities and processes within their area of responsibility are aligned with sustainability, and each employee at ­Oerlikon is individually responsible for adhering to the Oerlikon Sustainability & HSE Policy. The governance graphic on page 10 depicts the governance structure for sustainability, and further information on sustainability governance can be found on pages 70 to 72.

How is sustainability governed at Oerlikon? Suess: Sustainability is governed at the highest level, that is at the Board level. ESG topics are regularly on the meeting agenda of the Board of Directors and the Executive Committee, reflecting our leadership and commitment to sustainability. Georg is a member of the Executive Committee and was appointed our Chief Sustainability Officer. He is responsible for executing the sustainability strategy and plan, supported by the Sustainability Management Team and various functions. To further anchor sustainability across the company, we are evaluating whether in addition to the current employee safety metric in our short-term incentive program, there are other sustainability key performance indicators (KPIs) that may be relevant for our strategic goals and can be reliably measured. In 2024, we will run a pilot project to assess which ESG KPIs can be implemented and measured on an annual basis. Feasible KPIs will then be implemented in 2025/2026 as part of the remuneration packages for management and employees. [...] Oerlikon's strategy and actions, including for sustainability, are governed at the highest level, specifically by the Board of Directors. Underpinning the Board's commitment to sustainability is the fact that the responsibility for sustainability has not been assigned to a Board committee but is a task of the entire Board. For the execution of our sustainability strategy, actions and initiatives, the Board has appointed a Chief Sustainability Officer (CSO), who is a member of the Executive Committee (EC). The CSO is supported by the Sustainability Management Team and other functions, with representatives from the strategic, operative and business levels. Ultimately, line management needs to ensure that business activities and processes within their area of responsibility are aligned with sustainability, and each employee at Oerlikon is individually responsible for adhering to the Oerlikon Sustainability & HSE Policy. The governance graphic on page 10 depicts the governance structure for sustainability, and further information on sustainability governance can be found on pages 70 to 72.

Every employee has a role to play in contributing to the actions listed above. Managers at all levels to visibly lead the way. Sustainability and HSE are mandated by the Board of Directors and Executive Committee.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]We consulted with the VDMA on realistic sustainable targets in context with the EU green deal and EU taxonomy