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Sustainability in ABENA Materiality analysis General disclosures Methodology and reporting practice Content Sustainability in ABENA . 3 Annual highlights 2021/2022 . 4 About ABENA . 5 2030 commitments . 9 Sustainable development progress . 14 Materiality analysis . 26 Management of material topics . 29 General disclosures . 45 Activities and governance . 46 Activities and workers . 47 Governance . 50 Strategy, policies and practices . 53 Stakeholder engagements . 59 Methodology and reporting practice . 60 GRI content index . 61 Data results . 67 This version was updated in January 2023 About this report This report is the ABENA Group’s first sustainability report. This year’s data will form the base for future performance and tracking of effects. The content and data in this report summarizes the ABENA Group’s combined sustainability highlights in the financial year 2021/2022. With this report, we aim to provide transparent and balanced communication about our progress, strategies, and goals and the impact of our activities on people and planet. Scope of the report The data presented in this sustainability report covers data from the entire ABENA Group (hereinafter referred to as ABENA, as the consolidated group of companies). The “Sustainability in ABENA” section highlights results from the past year and unfolds our ambitions towards 2030. Materiality analysis In 2022, we conducted our first materiality analysis in accordance with good practice, as specified in the GRI guidelines. By combining our material topics with data from ABENA's entities, we form the foundation for future progress and measurements. See page 26 for more information. Methodology and reporting practice The sustainability report has been prepared with reference to the Global Reporting Initiative’s (GRI) requirements from 2021 (GRI 1, GRI 2, and GRI 3). See more, including our GRI content index and key performance indicators on page 60. BECAUSE WE CARE 2
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Sustainability in ABENA Materiality analysis General disclosures Methodology and reporting practice Message from the Chairman of the Board The journey towards a sustainable future is unpredictable The past year has certainly been unpredictable. COVID-19 once again played a key role. Critical political tensions and supply shortages are causing unpredictable market situations. We ended the fiscal year 2020/2021 with a reported revenue of DKK 6.3bn. As a global producer, supplier, and employer, this strengthens our focus on securing sustainable development. Sustainability grows from within 2021 has been a year with focus on building a common understanding of our 2030 vision within the ABENA Group. This approach rests on our philosophy that sustainability is something we achieve together, every day – and that it takes ownership throughout the whole organization. Raising the bar towards 2030 We aim to improve quality of life for the users of our products - always with sustainability in mind. This vision can only be made possible with a laser focus on optimizing our products and innovating our business. Tackling climate change is our key priority, and we continue raising our focus on circularity in our products and business development. As part of our 2030 vision, we will continue to rethink our product compositions and assortment. We are proud to have taken a big leap in the progress of benchmarking our medium-term and long-term strategic sustainability priorities. We remain motivated by our focus on transforming our business in a sustainable direction. Sustainable growth in a changing world Sustainability is about continuous development and change - it is not a single destination. The journey towards a sustainable future is unpredictable. For every step forward, difficult decisions must be made, priorities reshuffled, and the bars for success will be raised. This is the first sustainability report for the ABENA Group. We aim to provide an overview of what has been achieved so far, and of the milestones ahead. It should be viewed as a status report on the current situation in our unpredictable world. We cannot know for sure what the next years will bring, but we are well prepared to meet the upcoming challenges. ABENA enters the next year with good momentum and with a clear set of strategic choices that will help deliver another positive year of sustainability progress. Arne Terp-Nielsen Chairman of the Board As part of our 2030 vision, we will continue to raise the bar and rethink our product compositions and assortment. Arne Terp-Nielsen BECAUSE WE CARE 3
