Metlen Energy & Metals SA

The Sustainability Committee was established by resolution of the Company's Board of Directors of 02.04.2021. The Committee's members are in their majority Independent Non-Executive members of the Board. The Chair is appointed by the Committee members. More information is available in the Terms of Reference of the Sustainability Committee. [...] The purpose of the Committee is to assist the Board of Directors in strengthening the Company's long-term commitment to creating value in all three pillars of Sustainable Development (economy, environment and society) and in overseeing the implementation of responsible and ethical business conduct, evaluated regularly on the basis of its results and its performance in Environmental, Social and Governance (ESG) issues. [...] The General Division for Corporate Governance and Sustainable Development sets the short-term strategic priorities as well as the long-term overall Sustainable Development strategy of the Company. It informs the Company's Executive Committee and submits, via the Sustainability Committee, information to the Board of Directors, including updates on the progress made towards the achievement of climate-related targets. It cooperates directly with the Central Functions on sustainability issues, and is responsible for supporting all the newly established Sustainability / ESG teams in each Business Unit regarding Sustainable Development standards and MYTILINEOS targets. Moreover, it coordinates, monitors, aggregates and synthesizes the sustainable development actions carried out across the entire Company, ensuring that, collectively, they produce the best possible results based on the ESG criteria and the relevant ratings, and that the Company's ESG performance remains at the highest possible level and meets the increasing requirements of the investors community in this field.

Metlen has established a Green Financing Committee (GFC) with responsibility for governing the selection and monitoring of the Eligible Green Projects. The GFC is composed of the following members and will be chaired by the Treasury Division: - Sustainable Development Division - Finance Division - Relevant Business Sectors The GFC meets once a year and ad-hoc when potential green projects arise for evaluation. The process for the evaluation and selection of Eligible Green Projects has the following main steps: 1. A list of potential green projects is prepared, in terms of use in terms of expected alignment with Use of Proceeds criteria and is evaluated by the environmental teams of the Company's Business Sectors and the Treasury/Finance Divisions. 2. The Sustainable Development Division evaluates the projects against the following criteria, based on the inputs from the environmental teams of the Business Sectors and the Finance Division: alignment with the requirements of this Framework (including assessment against the EU Taxonomy SCC as well as the DNSH and MS provisions, where relevant), alignment with Metlen's Sustainable Development strategy, contribution to the relevant emissions reduction targets (where applicable) and absence of any ESG controversies. Once the aforementioned criteria are met the project and its characterization as an Eligible Green Project are approved by the Sustainable Development Division. 3. The environmental teams of the Company's Business Sectors and other relevant departments examine the projects' alignment with the selection criteria (as described in Appendix 1) and identify and manage potential material environmental and social risks associated with each project. In parallel, the expected impacts of the projects are assessed via specific KPIs (as referred to the Reporting section of this Framework). 4. The list of selected Eligible Green Projects is compiled by the relevant Business Sectors and submitted to the Treasury/Finance Divisions for final validation and addition to the allocated equivalent amount of net proceeds balance. The list is finally submitted to the Green Financing Committee for approval and assessment of funding allocation. 5. Allocation and impact reporting is performed by Treasury/Finance and Sustainable Development Divisions on a yearly basis based on the inputs from the relevant Business Sectors. This annual reporting will be validated by the GFC. The responsibility and coordination of the process described above lies with Metlen's Treasury Division and is graphically described below: To manage the equivalent amount of the net proceeds of each Metlen Green Financing Instrument and avoid any double counting, Metlen will establish a Green Financing Register. An amount equivalent to the net proceeds of each Metlen Green Financing Instrument will be earmarked towards Eligible Green Projects (financing instrument-by-financing instrument approach) and will be identified in the Green Financing Register by the GFC. The Green Financing Register will contain the following relevant information: 1. Details of the Green Financing Instruments(s): key information including transaction date, equivalent amount of net proceeds, settlement date, maturity date, and interest margin or coupon, ISIN number (where relevant) etc. 2. Details of Use of Proceeds, including: a. Summary detail of Eligible Green Projects to which the equivalent amount of the net proceeds of the Green Financing Instrument(s) have been earmarked; b. Amount of allocations made; c. Any unallocated amounts; d. Other necessary information In the event that funds cannot be immediately and fully allocated, an amount equivalent to the net proceeds will be held in line with Metlen's general liquidity guidelines until allocation to Eligible Green Projects. In the event that an Eligible Green Project to which the amount equivalent to the net proceeds of a Green Financing Instrument is allocated no longer meets the Use of Proceeds criteria of this Framework, Metlen will aim to substitute the Eligible Green Project with replacement Eligible Green Project(s) on a best effort basis, as soon as possible and within 24 months.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Following the public announcement of our climate targets last year, our company has also committed to updating shareholders each year (at the General Assembly) about our progress towards achieving them. Our company's positions are based on decisions taken in the internal Committees (where the upper management participates), and all of our engagement activities must be consistent with the company's positions and targets, including the climate targets. All of our company's responses to European Commission consultations are publicly available on the Commission's portal for each consultation.