ESG & Sustainability

Report 2021/22

Reg. number: 41257911

Table of

Contents

ESG & Sustainability Report 2021/22

Introduction

Data

Longevity for sustainability

3

Review of 2021/22 progress

44

Sustainability Highlights of the year

5

Data tables

45

Business model

6

Environmental data

45

ESG & Sustainability at Bang & Olufsen

7

Social data

45

The UN Sustainable Development Goals (SDGs)

10

Governance data

47

Our materiality assessment

11

Assurance statement

48

Longevity

The importance of longevity

13

Cradle-to-cradle certified products are key for our

circular economy aspirations

18

Longevity highlights

19

Visit

bang & olufsen x sustainability

Be friends @bangolufsen #bangolufsen

Environmental impact

Environmental impact

Circularity, materials, and resource use Energy and climate

Social responsibility

Social responsibility Core values

Diversity, equity, and inclusion People development

Health and safety

Social responsibility in the community

Governance and integrity

Ethical business

Sustainable supply chain & responsible sourcing Risk management & policies

The EU taxonomy

22

21 Introductio

24

About this report

This document concerns the environmental, social, and

  1. governance performance of Bang & Olufsen A/S. It is
  2. prepared in accordance with GRI Reporting Standards:
  3. Core option. The energy and emissions data presented
  1. have received limited assurance for their data collection
  2. processes by an independent third-party assessor, and the
  3. report is compliant with sections 99a and b, 99c and 107d

of the Danish Financial Statements Act and the EU Taxonomy regulation. This report, and the accompanying

36 GRI Index as well as our ESG & sustainability Data Accounting Principles, are available on our website:

38

41 https://corporate.bang-

42 olufsen.com/en/sustainability/policy.

Introduction

ESG & Sustainability Report 2021/22

Longevity for sustainability

Long and multiple lives for our products. That is what we call longevity, and it is our approach to a circular economy, climate action, and good corporate citizenship

Dear reader,

Kristian Teär

CEO

Introduction

ESG & Sustainability Report 2021/22

Demonstrating progress on our commitments

Industry leading longevity initiatives

Engaged and motivated people

Introduction

ESG & Sustainability Report 2021/22

Sustainability

Highlights of the year

Launched the world's 1st

Cradle-to-cradle

50 years

certified consumer

is the time between the launch of the Beosystem

electronics speaker

72-22 in 2022 and the original launch of the

Beogram 4000 in 1972. The Beosystem 72-22

allows the vinyl from the 1972 Beogram 4000 to

be streamed via modern

Beolab 18 speakers

20.8GWh

30%

~20,000

2022

of electricity consumed in our global operations in 2021/22.

of B&O employees have been with the

repairs and refurbishments completed at our

is the year we joined the Science Based Targets Initiative

While we became more efficient, we also had higher activity

company for more than 10 years

repair centre in Struer, Factory 3, in 2021/22

committing to science-based climate action in line with a

levels with 10% product growth resulting in more energy consumed in

1.5°C future across our whole value chain

ur aluminium factory. That led to a 3% increase in energy consumption

across our Danish footprint compared to 2020/21.

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Disclaimer

Bang & Olufsen A/S published this content on 06 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 July 2022 13:13:01 UTC.