OX2 AB

During the year, we adopted a new sustainability policy to define more clearly our ambitions, governance and responsibilities in sustainability. We have set a science-based target to reduce our emissions in line with the Paris Agreement, while committing to implement the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) regarding nature-related risks and opportunities. [...] We also took steps to improve reporting and transparency in the area of sustainability. Sustainability has been integrated into system landscapes and processes, and we have prepared our sustainability reporting in line with the increased legal requirements that will be introduced in 2024. We will also start using appropriate KPIs in our quarterly reports to describe our sustainability work going forward. [...] Operational responsibility has been delegated to the CEO, who has appointed the Chief Sustainability and Communication Officer within the leadership team to lead the sustainability team. The sustainability team is responsible for setting overall sustainability goals for OX2. Goals are also presented to the Audit Committee. During the year, the Audit Committee also approved the internal control process for sustainability, which was established to manage the most relevant risks. [...] The sustainability team comprises the Group Head of Sustainability, the Environment and Climate Change Manager and the Health and Safety Director. The sustainability team is responsible for developing and updating OX2's sustainability framework and enabling sustainability reporting within OX2's system landscape. The sustainability team also supports the integration of sustainability throughout the organization and the improvement of sustainability performance. The sustainability team convenes meetings of the sustainability council, which contains representatives from different markets and technologies and aims to drive the sustainability agenda and coordinate sustainability matters. The sustainability team works with several functions within the company, including the General Counsel, who is responsible for issues of business ethics.

OX2's sustainability work is governed by a number of policies. To ensure a high level of business ethics and sustainability in the day-to-day work of the company, the Board has issued a Code of Conduct. It is based on the company's values, culture and sustainability strategy and forms the basis for other policies. The company also has an environmental policy, a health and safety policy, an anti-corruption policy and several guidelines to ensure employee safety. Significant departures from the Code of Conduct and policies are reported directly to the Board. The Head of Sustainability coordinates the work, but the day-to-day responsibility for sustainability topics is delegated to functions and projects within the organisation. In addition to the Head of Sustainability, there is also an environmental and health and safety manager, and sustainability coordinators in countries in which the company operates. Key sustainability topics are integrated in the project management model and relevant sustainability goals are monitored in each project. The Head of Sustainability reports on the achievement of the year's sustainability goals and makes proposals for new goals that are adopted by management. The CEO reports on the achievement of selected sustainability goals to the Board on a quarterly basis. Group management approves the Sustainability Report annually and the materiality analysis when it is updated.

During the year, we adopted a new sustainability policy to define more clearly our ambitions, governance and responsibilities in sustainability. We have set a science-based target to reduce our emissions in line with the Paris Agreement, while committing to implement the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) regarding nature-related risks and opportunities. [...] We also took steps to improve reporting and transparency in the area of sustainability. Sustainability has been integrated into system landscapes and processes, and we have prepared our sustainability reporting in line with the increased legal requirements that will be introduced in 2024. We will also start using appropriate KPIs in our quarterly reports to describe our sustainability work going forward. [...] Operational responsibility has been delegated to the CEO, who has appointed the Chief Sustainability and Communication Officer within the leadership team to lead the sustainability team. The sustainability team is responsible for setting overall sustainability goals for OX2. Goals are also presented to the Audit Committee. During the year, the Audit Committee also approved the internal control process for sustainability, which was established to manage the most relevant risks. [...] The sustainability team comprises the Group Head of Sustainability, the Environment and Climate Change Manager and the Health and Safety Director. The sustainability team is responsible for developing and updating OX2's sustainability framework and enabling sustainability reporting within OX2's system landscape. The sustainability team also supports the integration of sustainability throughout the organization and the improvement of sustainability performance. The sustainability team convenes meetings of the sustainability council, which contains representatives from different markets and technologies and aims to drive the sustainability agenda and coordinate sustainability matters. The sustainability team works with several functions within the company, including the General Counsel, who is responsible for issues of business ethics.