Adtran : Sustainability Report 2023

ESG report 2023

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Adtran Net-Zero	TCFD	Combined separate non-financial	EU Taxonomy Regulation
Transition Plan	Report	report according to HGB	Disclosures

Contents

Foreword from our CEO	3
The four chapters of this ESG report	4
1.  Adtran Net-Zero Transition Plan	5
1.1	About us	5
1.2	About this Plan	5
1.3	Our context	5
1.4	Governance	7
1.5	Strategy and initiatives	8
1.6	Scenario analyses	8
1.7	Finance planning and low-carbon products	8
1.8	Engagement	9
1.8.1	Value-chain engagement	9
1.8.2	Policy engagement	9
1.9	Risks and opportunities	9
1.10	Emissions	9
1.10.1	Transition Plan overview	9
1.10.2	Details Scopes 1 and 2	10
1.10.3	Details Scope 3	10
1.10.4	Other targets (ISO 50001, LCA)	10
1.10.5	Accounting and verification	10

2.  TCFD Report	11
2.1	Governance	11
2.2	Strategy	11
2.3	Risk management and climate change	11
2.4	Metrics and Goals	12
2.5	Scenario analyses	13

3.  Combined separate non-financial report according to

HGB		16
3.1	General information	16
3.1.1	Governance	19
3.1.2	Strategy	21
3.1.3	Impacts, risk and opportunity management	25
3.1.4	Metrics and targets	29
3.2	Environmental information	31
3.2.1	Metrics and targets	31

3.2.2 Pollution, Water and marine resources, and Biodiversity

	and ecosystems	36
3.2.3	Circular economy	36
3.3	Social information	39
3.3.1	Own workforce	39
3.3.2	Metrics and targets	41

3.3.3 Workers in the value chain, affected communities, consumers

	and end-users	46
3.4	Governance information	47
3.4.1	Impacts, risk and opportunity management	47
3.4.2	Metrics and targets	49

4.  EU Taxonomy Regulation Disclosures

50

Independent Practitioner's Report on a Limited Assurance Engagement on Non-financial Reporting    57

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Foreword from our CEO

Sustainability is not new to us. Product energy efficiency, energy reduction in our operations, elimination of hazardous substances, giving back to the communities, and strong corporate governance practices, have been focal points for us for decades. This is now complemented by our focus on the material environmental aspects of climate change and circular economy.

As a publicly traded global company, we believe in transparency and realize the importance of sharing information about our ESG efforts with our stakeholders. These efforts will help shape our success moving forward. It details our ESG efforts and sets goals for the future.

From our founding, we have had the mission to be a trusted provider of global communications solutions, to develop innovative technologies used to create products and services that make communications simpler and more affordable for people everywhere and to foster an entrepreneurial environment supported by enthusiastic employees who exhibit an unwavering commitment to personal integrity and support our customers beyond expectations. It is our belief that to achieve this mission, we must approach everything we do with a sustainable mindset. We must continually ask ourselves how we can improve communication to meet the needs of our customers without having a negative impact on the world around us.

The most relevant action in 2023 was the submission of our joint Net Zero targets to the Science Based Targets initiative, following Adtran's and ADVA's commitment there in late 2022. The related climate targets are ambitious, aiming at achieving the Net Zero status clearly before 2050, the target year of the Paris Agreement.

I look forward to sharing our progress with you moving forward. Sustainability is not something that can be achieved alone. It will take each of us doing our part to ensure the future of our planet for future generations.

Thomas R Stanton

Chairman and CEO

Adtran Holdings, Inc. group

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Adtran Net-Zero	TCFD	Combined separate non-financial
Transition Plan	Report	report according to HGB

EU Taxonomy Regulation Disclosures

The four chapters of this ESG report

Our 2023 ESG report is divided into four main chapters. Chapter 1 contains the Adtran Net-Zero Transition Plan, according to requirements from CDP. We report this voluntarily because we regard this aspect very relevant.

Chapter 2 contains the TCFD report, according to requirements from the TCFD. This is also voluntary reporting. We regard the TCFD report and its structure relevant. In addition, it adds the scenario analyses and a detailed climate-related risk assessment.

Chapter 3 comprises the combined separate non- financial report for Adtran Networks SE in accordance with section § 315b paragraph 3 of the German Commercial Code (HGB) and is referred to below as the "non-financial report" for the sake of simplicity. This non-financial report is prepared in accordance with §§ 315b and 315c, in conjunction with 289c to 289e HGB and serves to meet the requirements of the CSR Directive Implementation Act and is subject to a voluntary limited assurance in accordance with ISAE 3000 (Revised). Only the non-financial report in Chapter 3 and the EU taxonomy Regulation report in Chapter 4 are subject to this assurance engagement. All information in chapters 1 and 2 of the ESG report does not belong to the non-financial report and is not part of the limited assurance.

Chapter 3 contains the relevant environmental, social and governance information for Adtran.

Chapter 3 also includes voluntary information for the Adtran Holdings, Inc. group. This is true for certain indicated quantitative and qualitative information, which is not subject to the limited-assurance engagement. Qualitative statements are valid for both, Adtran Networks SE and Adtran Holdings, Inc. group, unless indicated otherwise.

Chapter 4 comprises the EU Taxonomy Regulation report for Adtran Networks SE. This report is part of the non-financial report and as such, subject to the limited- assurance engagement.

"We successfully followed and achieved highest energy efficiency in the ecodesign of our products since years. Now we balance it with resource efficiency, circularity where possible, and consideration of the optimum product lifetime."

Christoph Glingener

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Adtran Net-Zero	TCFD	Combined separate non-financial	EU Taxonomy Regulation
Transition Plan	Report	report according to HGB	Disclosures

1.  Adtran Net-Zero Transition Plan

1.1 About us

Adtran develops, manufactures and sells solutions for a modern telecommunications infrastructure. As such, the group's products enable communication between people globally by constituting substantial parts of the backbone and the backhaul and access parts of one of today's most important and critical infrastructures.

Adtran has a globally distributed supply chain. Production focuses on the USA, the EU, and Asia. In addition to procurement and production, there are important process-based activities in the areas of SAFe (scaled agile framework), sales and marketing, quality assurance, compliance, sustainability, and IT.

Our products for the communication infrastructure address the UN Sustainable Development Goal (SDG) No. 9, Industry, innovation and infrastructure. In this way, we address key social aspects, including security against eavesdropping and physical failures of this infrastructure.

The telecommunications infrastructure is an important enabler for massive emission savings in other sectors such as energy networks, the transport sector or building technology. Our products thus indirectly serve the UN SDGs 7 and 11, Affordable and Clean Energy and Sustainable Cities and Communities, respectively. Moreover, SDG 13, Climate action, is also efficiently supported by the considerable emission-savings potential that is enabled by our products.

The group's addressable market encompasses several applications for fiber-optic transmission technology, Ethernet and passive-optical access and aggregation technology, solutions for network virtualization, encryption, synchronization and monitoring, and the

software that is required for save and secure networks operations. These markets are globally distributed, with a focus on the US and Europe.

We serve our customers both, directly and through OEM partners and value-added resellers (VARs). As an infrastructure-equipment provider, our customers are network and data-center operators and large enterprises with their own telecommunications infrastructure.

The business models range from the pure sale of the products, the sale of the products together with associated maintenance contracts, to the operation of products. It is a strategic company goal to expand the service share of sales.

The demand for the group's infrastructure solutions is driven by the global ICT (information and communication technology) trends including cloud computing, mobility (now 5G, in the future 6G), IoT/ M2M (internet of things, machine-to-machine), Industry 4.0, big data and high-performance computing (HPC), AR/VR (augmented reality/virtual reality), as well as intelligent power grids and smart cities and buildings. IWe assume the demand for ICT infrastructure solutions, through both climate-change mitigation and adaptation will increase as a result of the Greening-by- ICT effects that are enabled.

Adtran operates more than 40 sites in 25 countries. The group runs major sites in the USA, Germany, Poland, the United Kingdom, Israel, and China.

SDGs addressed by Adtran

1.2 About this Plan

Following the successful Adtran-ADVA merger in early 2023, this Net Zero Transition Plan has been established.

The aim of this Net Zero Transition Plan is to provide Adtran's stakeholders with clarity around the actions Adtran intends to take towards achieving its Net Zero ambitions in between 2034 and 2048. It is not intended to be an update on progress made so far. Progress against this Net Zero Transition Plan will be detailed within Adtran's ESG Report and, from 2025, in the Annual Report.

The transition Plan is part of Adtran's long-term sustainability strategy. The company has announced its commitment to achieving Net Zero targets, and has submitted the detailed targets to the SBTi in 2023. As an intermediate step, we extend the older ADVA 1.5°C SBTi targets to the complete company. Meeting these targets will allow Adtran to achieve a balance between its activity and the conservation of the environment.

The main objective of Adtran's Transition Plan is to lay the foundations for achieving the Net Zero target in 2034 (Scopes 1 and 2) and 2048 (Scope 3), respectively. Moreover, we will promote the reduction of other emissions from stakeholders by working collaboratively with our value chain.

The transition Plan defines the programs, initiatives and specific projects to be implemented until 2034/2048 and assesses the contribution of each of the projects to the achievement of the global emissions reduction target.

The Transition Plan is a multi-year plan that is aligned with regulatory requirements at European level, objectives of the Paris Agreement, and the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD).

1.3 Our context

Adtran's products are part of the global Internet or ICT sector. They are therefore part of an industry that consumes more than 2 % of the electricity generated worldwide, and the trend is rising. This increase is a result of the persistent rise in Internet bit rates. As a consequence of the electricity consumption, emissions from the ICT sector are also increasing. This is summarized in the diagram below.

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5000
4000	GWP [MtCO2e/a]
Energy Con. [TWh/a]
3000	Throughput [TBps]
2000
1000

0
2010	2015	2020	2025	2030

Internet throughput in terabytes per second (broken line, based on the Cisco VNI), projection of global ICT energy consumption in terawatt hours per year (solid black line, based on [Andrae, Feb. 2019, DOI: 10.13140/RG. 2.2.25103.02724]) and the resulting CO2 emissions (GWP, Global Warming Potential, red line).

/a]	50
							ICT Emissions
2
[GtCO	40
Emissions	30
							Greening-by-ICT
							Carbon Savings
2	20
CO
Global	10
	0
	1990	2000	2010	2020	2030

Global greenhouse gas emissions according to [ourworldindata.org/co2-and-other-greenhouse-gas-emissions] and the ICT emissions from the previous diagram as well as the possible emission savings according to #SMARTer2030 - ICT Solutions for 21st Century Challenges from GeSI.

From the diagram and the references used, a fundamental problem in the ICT sector can be derived: despite all efforts in terms of device efficiency, energy consumption and the associated CO2 emissions are increasing. This is especially true for the network and data-centersub-areas, less so for the sub-area of ICT devices from private end customers. It is predicted that this growth will continue for the next few years.

This leads to the requirement of continuous improvements of the network equipment in terms of energy efficiency and emissions and is one of the main reasons for our focus on corresponding ecodesign and for Adtran's participation at the Science Based Targets initiative.

The ICT sector is one of the critical infrastructures. It enables the significant reduction of global greenhouse gas emissions in various other sectors such as transport and logistics, traffic, energy networks and agriculture. According to GeSI, the savings potential is up to 10 times higher than ICT's own emissions. This is sometimes referred to as Greening-by-ICT. It is one of the few known ways to significantly reduce global energy consumption and the associated emissions. This is shown below on the basis of global greenhouse- gas emissions.

Within the ICT wireline networks sector, Adtran ranks amongst the 10 largest suppliers globally in the subsegments optical networking, access switching and passive optical access. Since the wireline-networks segment also contains routing and core switching, none of which is covered by the group's portfolio, the total impact of our products to the wireline-networkssub-segment is <10 %. Likewise, Adtran's contribution to total global ICT emissions is less than 1 %.

According to our materiality analysis of the non- financial report, our reporting on greenhouse-gas emissions, the combined context analysis of the environmental and energy management systems, and the comprehensive lifecycle assessments of our portfolio, energy consumption and the related emissions are the main environmental impacts of our ICT devices and our entire doing.

However, there are other environmental impacts. According to the analyses mentioned, the next most important effects are those that result from the raw- material consumption in the manufacture of the devices and the related generation of WEEE (Waste Electronic

• Electrical Equipment). These can be positively influenced by appropriate mechanisms of circular economy.

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Adtran Net-Zero	TCFD	Combined separate non-financial	EU Taxonomy Regulation
Transition Plan	Report	report according to HGB	Disclosures

The forecast for global WEEE generation is shown below. The diagram shows that WEEE generation is expected to increase. In addition, WEEE has a complex material composition, which makes efficient recovery of valuable materials a challenging task.

This recovery is critical due to the raw-material situation. The EU list of critical raw materials from 2020 is shown in the next graph. Many of the critical raw materials are essential for the ICT sector, such as metals of the platinum group, rare earth elements, gallium, germanium, etc.

	6
			Light/Heavy Rare-Earth Elements
	5
Risk
Supply	4	Germanium	Niobium
		Magnesium

	80
[Mt]	60
Generation
40
WEEE
Global	20
	0

Material			Scandium	Phosphorus
3	Strontium			Cobalt
Raw-		Beryllium
	2			Platinum-Group Metals
	Indium		Antimony
		Tantalum
		Gallium	Titanium
				(Not complete)
	1
	3	4	5	6	7

Economic Importance

The EU 2020 Critical Raw Materials list.

2020

2022

2024

2026

2028

2030

Global volume of electronic waste according to [O.S. Shittu, I.D. Williams, P.J. Shaw, "Global E-waste management: Can WEEE make a difference? A review of e-waste trends, legislation, contemporary issues and future challenges," Waste Management, Vol. 120, Feb. 2021, pp. 549- 563, https://doi.org/10.1016/j.wasman.2020.10.016].

Other ICT environmental impacts include (human, ecosystem) toxicity, water consumption and a few more. These are recorded in product lifecycle assessments but are only of secondary importance relative to energy consumption and the related emissions.

Finally, in connection with corporate social responsibility (CSR), there are the aspects of work, health and safety as well as some other aspects such as conflict minerals, modern slavery or corruption. Altogether, they necessitate a holistic approach to sustainability in ICT.

1.4 Governance

Adtran is organized according to the two-tier system. This means that in addition to the shareholders that are organized in the annual general meeting (AGM), it has

two organs of action: the management board as the executive body and the supervisory board as the supervisory body.

The management board is led by the CEO. The responsibility for ESG-related governance functions is with the VP Corporate Quality and Sustainability, who directly reports to the CEO. A Sr. Dir. Global Sustainability is reporting to the VP Corporate Quality and Sustainability and is responsible for the ESG matters and as such, for the environmental aspects of emissions and their reductions.

In addition to the management board, there is an international three-person ESG Committee in the supervisory board. The ESG Committee is also responsible for the review and endorsement of the

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group's annual ESG report. As such, the supervisory board is the highest governance body to review the impact, risk and opportunity analyses, and the ESG strategy including their effectiveness.

Consultation of shareholders is organized via the AGM. Regular consultation of other relevant stakeholder groups (e.g., customers) is, e.g., done via a structured customer satisfaction survey. Where relevant, immediate customer or other stakeholder feedback is provided to the management board. In addition, members of the management board may also directly consult with dedicated stakeholders (e.g., strategic customers).

The review of emissions, other ESG aspects, and the impact, risk, opportunity and materiality analyses is performed regularly (at least once per year) and in line with defined management processes.

More details on governance can also be found on page 19.

1.5 Strategy and initiatives

Adtran's Transition Plan is deeply integrated into our business strategy. Most importantly, the aspects related to our Scope-3 targets are reflected in product ecodesign, including lifecycle assessments (LCA), which is strategic part of our product development. This is particularly relevant since the product-relatedScope-3 emissions are our highest emissions contributions.

The product-relatedemissions-reduction activities can be split into targets which address emissions reductions and circular economy. The product-related targets are complemented by Scope-1 and Scope-2 Net Zero targets, which have been submitted to the SBTi in late 2023.

Circular-economy activities primarily look at material efficiency and indirectly support emissions reductions as well. Moreover, they include relevant parts of the value chain, namely customers and suppliers.

An overview on the most relevant targets, which constitute the core of our ESG strategy and are included in our business strategy, is given in the following table.

The emissions-related targets are complemented by a strategic energy-consumption reduction target. Here, we aim at the reduction of the total Adtran electricity consumption by 10 % in 2030, compared to 2022.

The targets cover the critical area of achieving carbon neutrality and cover the value chain and relevant circular-economy aspects. As such, they also cover Adtran departments like R&D, Operations, Facilities and, indirectly, Sales.

More details on the Net Zero and value-chain targets follow later in this Transition Plan.

1.6 Scenario analyses

Please refer to the chapter "2.5 Scenario analyses" on page 13 of the TCFD report.

1.7 Finance planning and low-carbon products

More than 20 % of the company's total revenue is generated with energy-efficient products. As eligibility criterion for product energy efficiency, we use the conformity of the respective products with the highest efficiency class according to relevant and credible telecommunications equipment energy-efficiency rating (TEEER) standards. Since these products fulfil the highest efficiency requirements, they qualify as low-

These enabled activities are part of our low-carbon- products revenue.

Product development related to energy efficiency and low carbon emissions is a perpetual part of our OpEx. We estimate that a maximum of 2 million USD in 2023 can be assigned to these activities. This activity is ongoing, with no end date planned. In line with our business and product strategy, we plan to at least maintain that level of OpEx for energy-efficient and low- carbon products in the future. Following increasing regulatory and customers' requirements, it is likely that this amount will be increased near-term.

Own circular-economy activities include the respective share of circular-economy related ecodesign activities as well as the take-back and recycling process that we conduct at several locations.

Ecodesign for circular economy includes the sub- aspects design for disassembly, design for maintenance, design for longevity, guidelines for the use of plastic, and design for recycling. However, so far the focus of our ecodesign has been primarily on energy efficiency due to the dominance of the use phase of our products on their LCA. Therefore, it is not yet possible to estimate our expenditures for circular- economy-related ecodesign.

	Environmental aspects and main targets
Aspect	Targets in more detail
Energy consumption,	SBTi near-term and Net Zero long-term targets
emissions, and	Highest product-portfolio energy efficiency
climate change	Strategic energy-consumption reduction target
	Supplier response rate in IntegrityNext of
Circular economy	>80 % (2025), >90 % (2030), >98 % (2035)
and value chain	Bilateral climate-change engagement with selected suppliers, 25 suppliers in 2024
	LCA coverage of all new products

carbon products.

Related to enabled mitigation activities - Greening-by- ICT in other sectors - Adtran claims a global share according to being one of the 10 largest manufacturers of telecommunications-infrastructure equipment in the world. A similar share related to enabled climate- change adaptation activities can be assigned to Adtran. Here, adaptation is enabled by the resilience, protection and restoration capabilities of our products.

Our maintenance, return and recycling processes include the activities of (reverse) logistics, maintenance and repair, the analysis of products and their components as well as the creation and management of certain component stocks derived from them. Overall, several employees are bound by these activities. The operational costs for this amounted to ~15 million USD in 2023. This activity is ongoing, with no end date planned. In line with our business and product strategy, and with increasing customer require-

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ments, we plan to extend this business and hence, the related operational cost.

The reuse of components also results in certain cost savings. As new and already used components cannot be compared to each other, these savings cannot be stated exactly.

1.8 Engagement

1.8.1 Value-chain engagement

LCA must also be regarded as the glue between value- chain engagement and internal product ecodesign. It helps optimizing products and their components, based on the data that is gathered from the suppliers.

1.8.2 Policy engagement

Adtran is involved in several activities that address policy makers or have influence on them. This is primarily based on ICT-specific industry associations, which in turn have the capability of influencing policy

1.9 Risks and opportunities

Please refer to the respective chapter in the TCFD report.

1.10 Emissions

1.10.1 Transition Plan overview

A summary of Adtran's Net Zero targets is given in the following table.

The Scope-1/2 emissions will further be reduced after 2034 (to zero), but 2034 is the official target year for the SBTi application.

The Scope-3long-term target is further out in the future since it is mostly indirect downstream and that is, not under our direct control.

(also see chapter 1.5)

Adtran engages with all players in its value chain. This holds for both sides, our customers and our suppliers. We are in bilateral discussions with several customers, figuring out ways for further emissions reductions in their networks or data centers or further increasing product and packaging material efficiency.

Similarly, we engage with our supply chain in an attempt to reducing our upstream Scope-3 emissions. For selected suppliers, this is done bilaterally, in general it is based on the platform IntegrityNext. We defined a related KPI for the emissions-related response rate for this platform. The respective response-rate targets are >80 % (2025), >90 % (2030), and >98 % (2035). A second KPI has been defined for the number of direct, bilateral supplier engagements. The respective numbers are 10 (starting in 2023) and 25 (2024).

A third KPI that addresses both, certain suppliers and customers, relates to the coverage of our portfolio with lifecycle assessments (LCA). LCAs are required by an increasing number of customers, helping them to understand the environmental impact of the products that they purchase. Calculating correct LCAs in various cases requires input data from the respective suppliers. The LCA-related KPI is recurring, it aims at providing LCAs for all new products.

makers.

Our first engagement is with the Telecommunications Industry Association, TIA. The TIA is acting globally, it is best known as the standardization body for both, TL 9000 and SCS 9001. In the TIA, Adtran is chairing the Sustainability Working Group in continuation of engagement that was started by ADVA. The next engagement is with the Fiber Broadband Association, FBA. The FBA focuses on the US market, it is promoting broadband fiber access as the most sustainable and future-proof access technology. Again, Adtran is co-chairing the Sustainability Working Group. Current FBA SWG activities focus on the production of a sustainability white paper that addresses policy makers. Finally, Adtran is also engaged in the German information technology society's working group on photonic networks (ITG Fachgruppe 5.3.3, Photonische Netze). Similar to the other working groups, this one also addresses policy makers and is currently also preparing a white paper on ICT sustainability aspects.

Moreover, Adtran is actively engaged in international standardization bodies. In the emissions context, this is true with regard to the International Telecommunications Union, standardization sector, study group 5, question 7 (ITU-T Q7/5). The related standards are also used by policy makers.

	Overview on Adtran's Net Zero Transition Plan
Scope	Target year and target
Scopes 1+2	Down to 33 % in 2032, compared to base year 2016.
near-term	Based on existing SBTi 1.5°C targets.
Scopes 1+2	Down to <10 % in 2034, compared to base year 2016.
long-term	Covers 97 % of total Scope 1+2.
Scope 3	Down to 60 % in 2032, compared to base year 2016.
near-term	Covers product use, based on SBTi 1.5°C targets.
Scope 3	Down to <5 % in 2048, compared to base year 2016.
long-term	Covers 98 % of total Scope 3.

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1.10.2 Details Scopes 1 and 2

SBTi Net Zero targets consist of near-term and long- term targets. Scope 1+2 targets must cover at least 95 % of the combined Scope-1 plus Scope-2 emissions, and long-term must show a reduction of at least 90 %. Near-term targets can be based on existing SBTi 1.5°C targets. This is the case for Adtran. We will first extend the existing, older 1.5°C targets from ADVA to Adtran, and then add the long-term targets. Target and base years and the reduction figures are listed in the table above. All emission figures are yearly reported on CDP and on EcoVadis. Hence, their development is fully transparent. 99 % of our total emissions are externally validated according to credible standards (ISAE3000 (Revised), ISO 14046/GHGP).

1.10.3 Details Scope 3

Target requirements for Scope 3 are similar to Scope 1+2, with the exception that at least 90 % of total Scope 3 must be covered. Again, the near-term target is based on an existing SBTi 1.5°C target, and it is complemented by a long-term target. From all applicable Scope-3 categories, we consider the two most relevant ones, product use phase and purchased components (the latter responsible for the vast majority of production emissions). These two categories cater for 98 % of our total Scope-3 emissions. They also cover the value chain since use-phase emissions fall into our downstream (customer) domain, and purchased components fall into our upstream (suppliers) domain. Both categories are externally validated.

1.10.4 Other targets (ISO 50001, LCA)

In order to support our Net Zero targets and their ambition, we defined two supportive targets, which directly and indirectly support emissions reductions.

The first target is our ISO 50001 electricity-consumption reduction target. We already successfully and clearly reduced our total electricity consumption since 2005. Now, we commit to reduce the total consumption by 10 % in 2030, compared to 2022. This target is externally validated via the ISO certification audits and via the validation of our ESG report, which states electricity consumption.

The second target relates to the lifecycle assessments (LCA) that we perform on our products. LCAs are relevant because they state the products' environmental footprint and can provide guidance, via ecodesign, for improvements. To that respect, LCAs are equally important to full carbon reporting or electricity metering.

The LCA target requires all new products to be covered by LCA. These LCAs shall be performed according to credible standards (ISO 14040/14044). This target is recurring.

1.10.5 Accounting and verification

Our emissions are annually reported on CDP and EcoVadis, including external, standards-based validation of ~99 % of our total Scope-1 to Scope-3 emissions. The Scope-3 target and the related emissions is fully (100 %) validated externally.

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