PWA Nachhaltigkeitsbericht_2024_EN

SUSTAINABILITY REPORT

2024

pewag austria GmbH

Sustainability Report 2024 pewag austria GmbH Gaslaternenweg 4, A-8041 Graz Graz District Court, FN 35303 t Klagenfurt Tax Authority, Tax ID number 084/1080

Sustainability Report 2024 pewag austria GmbH

FOREWORD Ladies and Gentlemen!

Is all what we learned and trusted in now outdated and void? No climate change, no global warming, no world trade rules and agreements? The only constant remains the steady increase in bureaucracy in Europe.

This, together with weak European leaders makes business even more difficult in our old welfare economies.

Our strong and adaptive team managed all those challenges in excellent manner but not without any lesions: Prices and margins under pressure, no relieve from labor or energy cost, paired with fierce competition from China which compensates the tariff induced lower US demand with aggressive sales in Europe.

We trust in our values and principles. Our effort in reducing the CO2 footprint remains, we strive to increase efficiency and competitive advantage. Through research, innovations, strategic M&A and the unchanged passion of a great team: the world’s strongest chain of people.

Mag. DI Aegyd Pengg CEO

3

Sustainability Report 2024 pewag austria GmbH

FOREWORD Ladies and Gentlemen!

Sustainability reporting offers a valuable opportunity to inform stakeholders and the public about a company’s commitments, achievements and progress in the field of sustainability. pewag austria GmbH, a member of the pewag group, has embraced this responsibility voluntarily – now for the third consecutive year.

In recent months, the global discourse around sustainability has been increasingly challenged: the U.S. withdrawal from the Paris Agreement, the softening of the EU’s Green Deal ambitions, “Stop-the-Clock” debates as well as mounting calls for simplified reporting. Amid this uncertainty, some have proclaimed ESG to be obsolete or reduced to an empty formality. pewag austria GmbH, however – grounded in centuries of tradition and experience – continues to pursue its clear and determined path toward sustainable development. Our sustainability efforts are not driven by regulations alone, but by our deeply rooted values: striving for excellence in quality, technology, innovation-driven entrepreneurial spirit and a strong sense of responsibility toward the people and the planet.

In 2024, pewag austria GmbH, together with its subsidiaries, advanced this vision with determination. The double materiality assessment, first conducted in 2022, was updated with broad stakeholder engagement. The workplace accident rate (OSHA rate) was successfully reduced from 3.1 to 2.7, not least due to the introduction of ISO 45001.

A key milestone in the group’s decarbonization journey was the development of tailored roadmaps for each production site, outlining specific measures and timelines. The group reduced its carbon footprint by an additional 2 608 tons of CO2 – a 27% reduction in total emissions and an 18% improvement over 2023. The share of renewable energy sources increased to 32% and mileage covered by electric vehicles increased by 27%.

These developments reflect a consistently pursued, values-based approach to long-term and sustainable transformation. They were made possible by the inspiring vision of the founder of the pewag group, the strategic foresight of the executive board and management team – and, above all, by the dedication and outstanding performance of all employees. They deserve special recognition and thanks.

Anja Vrtacnik Head of ESG

5

Sustainability Report 2024 pewag austria GmbH

Foreword Foreword: CEO

3

Foreword: Head of ESG

5

Chapter 1: Introduction 1.1.

About the pewag group

8 9

We are the pewag group

9

What drives us

9

Our values

9

1.2. About this ESG report

10

Basis for preparation and reporting frameworks

10

Third-party audit

10

Scope of validity

10

1.3. About ESG at pewag group

11

The role of the Management team & Supervisory board

11

Due diligence and risk management

12

Materiality matrix

12

Strategy: We take responsibility for ESG

12

Strategic steps

13

Stakeholders

13

1.4. About ESG milestones in 2024

14

1.5. List of disclosure requirements

16

Chapter 2: We take responsibility for … ENVIRONMENT 2.1. Climate change

6

3

18 19

Goal: CO2 neutral production by 2030

19

Energy consumption and CO2

21

In the spotlight: Green energy

24

2.2. Pollution

26

2.3. Water and marine resources

26

2.4. Biodiversity and ecosystems

27

2.5. Resource use and circular economy

28

Sustainability Report 2024 pewag austria GmbH

Chapter 3: We take responsibility for … SOCIAL

30

3.1. Own workforce

31

Principles

31

In the spotlight: People of the pewag group

34

Occupational health and safety

35

Skills development

35

Many dimensions of equity

36

3.2. Workers in the value chain

37

3.3. Affected communities, consumers and end-users

37

Chapter 4: We take responsibility for … GOVERNANCE

38

4.1. Business conduct

39

4.2. Resilient supply chain

41

Chapter 5: References

42

5.1. References to the SDGs

42

5.2. Independent assurance report

44

7

Governance

Environment

introduction

Social

Sustainability Report 2024

Introduction

pewag austria GmbH

1.1. About the pewag group [ESRS -]

WE ARE THE PEWAG GROUP

WHAT DRIVES US

pewag austria GmbH is part of the pewag group.

Through our entrepreneurial spirit – shaped by the joy of innovation – we strive to offer the best solutions for the market. Today and in the future. The high quality of our brands, products and services as well as the passionate commitment of our employees are our most valuable assets to exceed customer expectations and to live up to our corporate responsibility towards people and environment.

The success story of pewag group goes back to the year 1479.

OUR VALUES

For the pewag group, the connection between entrepreneurial actions and ethical principles is a tradition and a significant factor in long-term success. We strive for excellence with an emphasis on quality, responsibility, entrepreneurship and technology.

striving for excellence in QUALITY

striving for excellence in TECHNOLOGY

The values of the pewag group brands are demonstrated by our first-class quality and continuous innovation. You can rely on us.

We ensure our technological strength by striving for quality, continuous improvement and innovation of our products and production processes.

striving for excellence in RESPONSIBILITY

striving for excellence in ENTREPRENEURSHIP

Our goal is CO2 neutral production by 2030. We live sustainable and fair partnerships and an open way of working together. We take on social as well as environmental responsibility.

Environment

With head­quarters in Austria, pewag group is not only a leading manufacturer of high-quality traction and industrial chains as well as lifting solutions, but also offers customized services in the area of mechanical engineering, metal forming and forging.

Through the specific expertise of each individual and decentralized responsibilities, we ensure healthy growth and a sustainably successful future.

1479

1787

1803

1836

1912

2009

2021

First documentary mention of the forge in Brückl

Foundation of the chain forge in Kapfenberg

Foundation of the location in Graz

Establishment of an iron casting plant in Brückl

Production of the first pewag snow chain

pewag develops into an international group of companies

Extensive investment in renewable energies. Goal: CO2 neutral production by 2030.

50

45

Sales and other locations

Sales Partners

Social

The pewag group is an internationally operating group of companies with subsidiaries on all five continents and customers in over 100 countries.

19+ Production sites

100

15+ Brands

+

Countries

5

Governance

Continents

Traction and forestry chains

Hoist and conveyor chains

Do-it-yourself

Engineering

Marine

Lifting solutions

Tire protection chains

Forging

9

Sustainability Report 2024

Introduction

pewag austria GmbH

1.2. About this ESG report [ESRS 2 | BP-1, BP2]

BASIS FOR PREPARATION AND REPORTING FRAMEWORKS

There is no mandatory requirement for pewag austria GmbH to produce a sustainability declaration. Nevertheless, we want to transparently communicate our sustainability activities and impacts.

Environment

This is the third official sustainability report. It is structured pursuant to ESG principles, with each chapter dedicated to one of the ESG focus areas. The appendix of this report includes an overview of the United Nations Sustainable Development Goals (SDGs) covered.

This report voluntarily takes into consideration the following recognized reporting frameworks and standards: CSRD (EU Directive 2022/2464 as regards corporate sustainability reporting), ESRS (European Sustainability Reporting Standards) and the GHG Protocol (Greenhouse Gas Protocol).

The key performance indicators (KPIs) are collected pursuant to the standardized definitions of the ESRS and converted into standardized units of measurement to enable the comparability of data across different countries and years. The data are based on reliable and documented sources; where estimates were made, this is explicitly noted.

The methods used for data collection and report preparation include individual and collective data gathering, both manual and digital processing of primary and secondary sources, followed by manual and digital processing of the collected data using specialized reporting software, and finally, validation of the collected data by cross-checking with control data and by individual interviews.

Social

As the corresponding national regulations in the country of residence of the group — particularly the planned Austrian NaBeG (Sustainability Reporting Act, Ministerial Draft from January 13th, 2025) — are still pending, they will be incorporated into the reporting in the coming years, including the relevant requirements of the Taxonomy Regulation (EU Regulation 2020/852), if applicable.

THIRD-PARTY AUDIT

The selected topics have been audited by an external auditor for the second consecutive year, as indicated in the attached independent assurance report.

SCOPE OF VALIDITY

This report applies to pewag austria GmbH and its subsidiaries listed as follows. The data published here refers to the reporting year 2024, which corresponds to the calendar year 2024.

Governance

This report is prepared on a consolidated basis. The consolidated sustainability reporting follows the consolidation scope, principles and methods presented in the consolidated financial statements (principle of full integration). However, starting in 2024, new subsidiaries that join or exit pewag austria GmbH during the reporting year, submit their sustainability KPIs only for the period of their affiliation with the group (rather than for the entire reporting year). While this adjustment may distort the ESG performance in the first reporting year, it ensures consistent integrated reporting of financial and non-financial information and it allows for a more transparent as well as meaningful data comparison in the long term.

10

Sustainability Report 2024

■ pewag Czech s.r.o.

■ pewag Deutschland GmbH ■ pewag d.o.o.

■ pewag engineering GmbH ■ pewag France S.A.S. ■ pewag Helevar Comércio e Importação de Produtos Metalúrgicos Ltda.

■ pewag Inc. ■ Pewag India Private Limited ■ P.T. Pewag Industry Indonesia (new from January 1st, 2024) ■ pewag International GmbH ■ pewag Ketten GmbH ■ pewag Mexico SA de CV ■ pewag nederland B.V. ■ pewag polska Sp.z.o.o.

■ pewag Portugal - Comércio de Produtos e Equipamentos Industriais, Lda ■ pewag Romania SRL ■ pewag Slovakia, s.r.o.

■ pewag s.r.o.

■ pewag UK Limited ■ pewag Suisse AG ■ Prolift Handling Ltd. ■ Regis Marine Offshore Services Pte Ltd ■ Rope & Sling Specialists Limited ■ Société Industrielle et Maritime d’Approvisionnement ■ Stockage-TransformationLogistiq-Industriel (new from October 1st, 2024) ■ Terrier Lifting Clamps B.V. ■ „TOV Pewag Ukraine“ GmbH ■ VEP Fördertechnik Gesellschaft m.b. (until March 1st, 2024)

THE ROLE OF THE MANAGEMENT TEAM & SUPERVISORY BOARD

The key management, executive, and supervisory bodies at pewag austria GmbH are the Management team and the Supervisory Board.

The Management team at the group level consists of one executive member, the CEO. The operational subsidiaries are each led by one or two experienced managing directors. In 2024, the percentage of women in leadership positions was 17%.

Environment

■ Accel S.A.S. (new from June 30th, 2024) ■ APEX Automotive B.V. ■ Apex Holding B.V. ■ Apex International B.V. ■ Cardon France SAS (new from October 1st, 2024) ■ Cardon International B.V. ■ CBR Levage (new from October 1st, 2024) ■ Chainalliance S.A.S. ■ Chaineries Limousines S.A.S. ■ DEAL S.A.S. ■ ETS Jean Cardon & Fils S.A.S. ■ ETS Jean Chapuis S.A.S. ■ G. Fargamel S.A.S. ■ HF Lifting d.o.o. Beograd ■ „Hidraulika-flex“ d.o.o.

■ Hidraulika-Flex SA d.o.o.

■ KWB Ketten Austria GmbH ■ Load Monitoring Systems Ltd. ■ MAGI (new from October 1st, 2024) ■ Modulift Czech Republic s.r.o.

■ Modulift Holdings Ltd. ■ Modulift UK Ltd. ■ MWB BeiJing International Trading Company Limited ■ OOO „PEWAG” ■ OOO „pewag russia” ■ peform Brumov s.r.o. (new from January 1st, 2024) ■ peform Chomutov s.r.o.

■ peform Podoli s.r.o.

■ pewag Australia Pty Limited ■ pewag austria GmbH ■ pewag austria Vertriebsgesellschaft mbH ■ pewag Brasil Comércio de Correntes Ltda.

■ pewag chain south africa (pty)ltd.

■ pewag Columbia S.A.S

[ESRS 2 | GOV-1 – GOV-5, SBM-1 – SBM3, IRO-1, MDR-P, MDR-A, MDR-M, MDR-T]

We are aware of the unique challenges related to diversity in the manufacturing industry—both among the workforce and in leadership positions—and take measures to create an inclusive work environment where everyone has equal opportunities to develop both professional and personal excellence.

A central role of the leadership team is sustainability management, which is embedded as an integral part of the group’s strategic direction and development. The long-term sustainability strategies and goals are set by the CEO and promoted and implemented at all levels of the organization.

The CEO is supported by an interdisciplinary management team that brings in expertise from various areas. Key sustainabilityrelated topics are identified and developed through a structured and balanced top-down and bottom-up process, involving internal and external sustainability experts.

The Supervisory board on the group level consists of five members (currently two female and three male) with varied professional backgrounds, expertise and from diverse age groups. The supervisory board meets quarterly to discuss not only strategic business matters, but also topics related to sustainability, in particular with regard to planned investments.

Social

pewag austria GmbH and subsidiaries as per December 31st, 2024:

1.3. About ESG at pewag group

Some of the subsidiaries also have a supervisory board.

Depending on the legal framework, the employees are also represented in these.

The CEO and Supervisory board work together in a constructive and trusting manner to ensure the long-term success of the group and to further develop sustainable value creation. In 2024, they focused on key topics such as: improving energy efficiency, further reducing CO2 emissions, using recyclable materials and packaging.

Governance

This report addresses not only internal company processes but also considers — as outlined in the relevant chapters on materiality analysis, workforce in the value chain, corporate governance and supply chain resilience — significant environmental and social impacts along both upstream and downstream value chains.

Introduction

pewag austria GmbH

11

Sustainability Report 2024

Environment

To identify and assess material impacts, risks, and opportunities, a multi-stage procedure is used, which considers both internal and external stakeholder perspectives (see chapter “Stakeholders”). Based on this materiality analysis (see chapter “Materiality matrix”), specific concepts have been developed for all identified material ESG areas, which are implemented through concrete actions and resource allocation. Progress is monitored using defined key performance indicators and regularly reviewed with clear goals to ensure the effectiveness of the measures and promote continuous improvement.

MATERIALITY MATRIX

Our original double materiality analysis, which evaluated both the financial and ESG-related impacts on and by pewag austria GmbH, was conducted in 2022. This analysis particularly considered the Sustainable Development Goals (SDGs). Due to new ESG developments, the materiality analysis was updated in 2024/25.

Out of the 24 total ESG impact areas, the following have proven to be particularly significant, as shown in the materiality matrix below, where the size of the point symbolizes its financial materiality: ■ Environment (E): Use of recyclable input materials, waste management and its reduction,transition to green energy sources, reduction of direct CO2 emissions (Scope 1 and 2); ■ Social (S): Product safety, human rights, customer satisfaction, working conditions of pewag group employees; ■ Governance (G): Cybersecurity, data protection, anticorruption and anti-bribery, digitalization.

STRATEGY: WE TAKE RESPONSIBILITY FOR ESG

Sustainability is an integral part of the company’s strategy and decision-making processes. pewag austria GmbH strives to live up to its corporate responsibility towards people and the environment. This overarching mission drives all our members to develop solutions that make our product portfolio, our own business activities and our value chain more sustainable.

Governance

Medium

5 Significance for the stakeholders

High

Very high

Social

While the financial materiality of ESG topics was assessed internally based on their impact on our group, more than

55 internal stakeholders (through internal discussions, workshops and surveys) and 23 external stakeholders (through surveys) were involved in determining the material ESG issues – specifically, identifying those areas where the pewag austria GmbH has positive or negative impacts.

6 1 8

5 2

2

7 6

1

13 7

2

7

8

4 3

6 4

3 4

5 Significance for the company

Medium

High

Depiction 1: Materiality matrix 2024/25

12

Very high

1 2 3 4 5 6 7 8

Reduction of CO2 (Scope 1+2) Reduction of CO2 (Scope 3) Transition to green energy Water consumption Marine resources Biodiversity Use of recyclable materials Waste management and reduction

1 2 3 4 5 6 7 8

Working conditions of pewag employees

1 2 3 4 5 6 7

Management of supplier relationships

Environment

As part of our corporate due diligence, we have established processes to identify potential sustainability risks early and address them systematically. These are supported by a structured risk management system and internal control mechanisms that ensure the sustainability reporting is complete, accurate, and reliable. Established governance structures and clear responsibilities are in place to support this process.

Working conditions in the supply chain Equal treatment & opportunities Human rights Product safety Customer satisfaction Ethical marketing

Social

DUE DILIGENCE AND RISK MANAGEMENT

Local community

Digitalization Cybersecurity Data protection Whistleblower protection Prevention of corruption, etc.

Political engagement and lobbying

Governance

Introduction

pewag austria GmbH

Sustainability Report 2024

1. We are certified: Many production sites are certified according to ISO 9001 “Quality management systems”, ISO 14001 “Environmental management systems” and ISO 50001 “Energy management systems”. The principles of ISO 45001 “Occupational health and safety management systems” have been successfully implemented at many sites and at some also certified. Our pewag academy has been distinguished according to ISO 29993 “Learning services for non-formal education and training”. Another major success in the area of sustainability was the first affiliated subsidiary of the pewag group that successfully completed the EcoVadis assessment in 2024 and was awarded a silver medal, placing it among the top 15% of evaluated companies. In addition, some of our subsidiaries are proud members of LEEA (Lifting Equipment Engineers Association) and certified accordingly. In this way, we are equipped to regularly measure our performance and progress.

2. We support international sustainability initiatives and incorporate their principles into our business processes: We uphold universal human rights. In addition, we align our business activities with the SDGs as well as with the environmental targets of the Paris Agreement and the European Climate Law. 3. We contribute: pewag austria GmbH invests a significant part of its profits in its own sustainability projects. Some of the passionate efforts and contributions from 2024 are highlighted in the dedicated chapters of this report.

4. We communicate about our sustainability journey: Our commitments and minimum ESG requirements are defined in our Code of Conduct. Our performance and progress are published in our annual sustainability report.

We raise awareness and share our experiences in the online courses of the pewag academy. We value honest feedback, thus all concerns, internal and external, can be expressed via our confidential grievance mechanism.

We support

We are certified

Environment

To ensure that the ESG principles are firmly integrated in all our business activities and processes, we take the following steps.

Human rights SDGs EU climate law

ISO 9001 ISO 14001 ISO 50001 ISO 45001 ISO 29993 LEEA

01

02 Action Steps

04

We communicate

Code of Conduct Sustainability report pewag academy Grievance mechanism

03

We contribute

Our own sustainability projects Investments

Depiction 2: Strategic ESG steps

Social

STRATEGIC STEPS

Introduction

pewag austria GmbH

STAKEHOLDERS

The laws and regulations of the countries, in which our subsidiaries are located, form a minimum standard.

We also strive to take internal and external interest groups into consideration and actively engage them. Each of these groups contributes significantly to our success in its own way.

Employees, because they deserve a healthy, safe and inclusive work environment in which they can fully develop their expertise.

Investors, because they support us in transforming our entrepreneurial vision into reality. Customers and end users, because they inspire us to continuously develop new and

innovative solutions for their ventures. Suppliers, because they contribute their valuable expertise and are happy to join us in our sustainability journey. Professional public and industry associations, because technical exchange provides important impulses for innovation and progress. Local communities, because we are passionate about creating a lasting positive impact on people and the environment through our products and services as well as through our partnerships.

This strong connection is reflected in an ongoing, open dialogue, with formats and content that we actively developed and shaped throughout the 2024 reporting year.

Engagement with stakeholder groups of pewag austria GmbH and subsidiaries in reporting year 2024

Forms of engagement

Employees

CEO-letters, personal conversations, employee surveys, internal communication channels, annual strategy conference, employee newspaper, works council committees

Investors

Annual meetings, one-on-one meetings with investors, financial reporting, additional forms of investor relations

Customers, End consumers, and business partners

Close customer support and consultation, open dialogue, customer events, trade fair appearances, customer surveys, participation in and presentations at industry conferences

Suppliers

Supplier meetings and surveys, supplier development

Professional public and industry associations

Partnerships with professional public and industry associations, participation in industry initiatives, cooperation with universities and research institutions, technical exchange with trade schools and educational institutions

Local communities and the general public

Public provision of comprehensive information, multilingual online presence (in 15+ languages), presentations and workshops at trade schools (e.g., for career orientation)

Governance

Stakeholder group

Depiction 3: Stakeholder groups

13

Sustainability Report 2024

Introduction

pewag austria GmbH

1.4. About ESG milestones in 2024 [ESRS - ]

Environment

A member of the pewag group – Leading to Excellence

Innovation & Digitalization Time and energy savings thanks to the new generation of welding machines.

Governance

Social

Digitalization – Keynote at the Microsoft conference

ESG best practice exchange

14

Sustainability Report 2024

Environment

Introduction

pewag austria GmbH

Decarbonization: 15+ locations powered by self-generated green energy

Social

Modulift empowers low-carbon energy with custom lifting solutions for nuclear power projects

pewag academy

Governance

Continuing our tradition of innovation

15

Sustainability Report 2024

Introduction

pewag austria GmbH

1.5. List of disclosure requirements [ESRS 2 | IRO-2]

ESRS

Environment Social Governance

In this report

ESRS 2

General disclosures

Page 10

BP-1

General basis for preparation of sustainability statements

Page 10

BP-2

Disclosures in relation to specific circumstances

Page 10

GOV-1

Page 11

GOV-3

The role of the administrative, management and supervisory bodies Information provided to and sustainability matters addressed by the undertaking’s administrative, management and supervisory bodies Integration of sustainability-related performance in incentive schemes

GOV-4

Statement on due diligence

Page 12

GOV-5

Risk management and internal controls over sustainability reporting

Page 12

SBM-1

Strategy, business model and value chain

Page 9,12

GOV-2

16

Description

Page 11 –

SBM-2

Interests and views of stakeholders

Page 12,13

SBM-3

Material impacts, risks and opportunities and their interaction with strategy and business model

Page 12

IRO-1

Description of the processes to identify and assess material impacts, risks and opportunities

Page 12

IRO-2

Disclosure requirements in ESRS covered by the undertaking’s sustainability statement

Page 16

MDR-P

Policies adopted to manage material sustainability matters

Page 12

MDR-A

Actions and resources in relation to material sustainability matters

Page 12

MDR-M

Metrics in relation to material sustainability matters

Page 12

MDR-T

Tracking effectiveness of policies and actions through targets

Page 12

ESRS E1

Climate change

Page 19

E1-1

Transition plan

Page 19

E1-2

Policies related to climate change mitigation and adaptation

Page 19

E1-3

Actions and resources in relation to climate change policies

Page 19,20

E1-4

Targets related to climate change mitigation and adaptation

Page 19

E1-5

Energy consumption and mix

Page 21,22

E1-6

Gross Scopes 1, 2, 3 and Total GHG emissions

Page 23

E1-7

GHG removals and GHG mitigation projects financed through carbon credits

–

E1-8

Internal carbon pricing

–

E1-9

Anticipated financial effects from material physical and transition risks and potential climate-related opportunities

–

ESRS E2

Pollution

Page 26

E2-1

Policies related to pollution

Page 26

E2-2

Actions and resources related to pollution

Page 26

E2-3

Targets related to pollution

Page 26

E2-4

Pollution of air, water and soil

Page 26

E2-5

Substances of concern and substances of very high concern

Page 26

E2-6

Anticipated financial effects from pollution-related impacts, risks and opportunities

–

ESRS E3

Water and marine resources

Page 26

E3-1

Policies related to water and marine resources

Page 26

E3-2

Actions and resources related to water and marine resources

Page 26

E3-3

Targets related to water and marine resources

Page 26

E3-4

Water consumption

Page 27

E3-5

Anticipated financial effects from water and marine resources-related impacts, risks and opportunities

–

ESRS E4

Biodiversity and ecosystems

Page 27

E4-1

Transition plan and consideration of biodiversity and ecosystems in strategy and business model

–

E4-2

Policies related to biodiversity and ecosystems

–

E4-3

Actions and resources related to biodiversity and ecosystems

–

E4-4

Targets related to biodiversity and ecosystems

Page 27

E4-5

Impact metrics related to biodiversity and ecosystems change

Page 27

E4-6

Anticipated financial effects from biodiversity and ecosystem-related risks and opportunities

–

ESRS E5

Resource use and circular economy

Page 28

E5-1

Policies related to resource use and circular economy

Page 28

E5-2

Actions and resources related to resource use and circular economy

Page 28

E5-3

Targets related to resource use and circular economy

Page 28

E5-4

Resource inflows

Page 28

E5-5

Resource outflows

Page 28

E5-6

Anticipated financial effects from resource use and circular economy-related impacts, risks and opportunities

–

Sustainability Report 2024

ESRS S1

Own workforce

Page 31

S1-1

Policies related to own workforce

Page 31

S1-2

Processes for engaging with own workers and workers’ representatives about impacts

Page 31

S1-3

Processes to remediate negative impacts and channels for own workers to raise concerns

Page 31

S1-4

Taking action on material impacts on own workforce, and approaches to mitigating material risks and pursuing material opportunities related to own workforce, and effectiveness of those actions

Page 31

S1-5

Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities

Page 31

S1-6

Characteristics of the undertaking’s employees

Page 31-33

S1-7

Characteristics of non-employee workers in the undertaking’s own workforce

Page 33

S1-8

Collective bargaining coverage and social dialogue

Page 33

S1-9

Diversity metrics

Page 36

S1-10

Adequate wages

Page 33

S1-11

Social protection

Page 33

S1-12

Persons with disabilities

Page 36

S1-13

Training and skills development metrics

Page 35

S1-14

Health and safety metrics

Page 35

S1-15

Work-life balance metrics

Page 33

S1-16

Compensation metrics (pay gap and total compensation)

Page 36

S1-17

Incidents, complaints and severe human rights impacts

Page 37

ESRS S2

Workers in the value chain

Page 37

S2-1

Policies related to value chain workers

Page 37

S2-2

Processes for engaging with value chain workers about impacts

Page 37

S2-3

Processes to remediate negative impacts and channels for value chain workers to raise concerns

Page 37

S2-4

Taking action on material impacts on value chain workers, and approaches to managing material risks and pursuing material opportunities related to value chain workers, and effectiveness of those action

Page 37

S2-5

Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities

Page 37

ESRS S3

Affected communities

Page 37

S3-1

Policies related to affected communities

Page 37

S3-2

Processes for engaging with affected communities about impacts

Page 37

S3-3

Processes to remediate negative impacts and channels for affected communities to raise concerns

Page 37

S3-4

Taking action on material impacts on affected communities, and approaches to managing material risks and pursuing material opportunities related to affected communities, and effectiveness of those actions

Page 37

S3-5

Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities

Page 37

ESRS S4

Consumers and end-users

Page 37

S4-1

Policies related to consumers and end-users

Page 37

S4-2

Processes for engaging with consumers and end-users about impacts

Page 37

S4-3

Processes to remediate negative impacts and channels for consumers and end-users to raise concerns

Page 37

S4-4

Taking action on material impacts on consumers and end-users, and approaches to managing material risks and pursuing material opportunities related to consumers and end-users, and effectiveness of those actions

Page 37

S4-5

Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities

Page 37

ESRS G1

Business conduct

Page 39

G1-1

Business conduct policies and corporate culture

Page 39

G1-2

Management of relationships with suppliers

Page 39,41

G1-3

Prevention and detection of corruption and bribery

Page 39

G1-4

Confirmed incidents of corruption or bribery

Page 40

G1-5

Political influence and lobbying activities

Page 41

G1-6

Payment practices

Page 40

Environment

In this report

Social

Description

Governance

ESRS

Introduction

pewag austria GmbH

17

Governance

we take responsibility.

environment

Social Introduction

Sustainability Report 2024

Introduction

pewag austria GmbH

2.1. Climate change [ESRS E1]

pewag austria GmbH strives to conserve natural resources as well as to reduce the overall environmental footprint of production, goods and services throughout their life cycle.

GOAL: CO 2 NEUTRAL PRODUCTION BY 2030

pewag austria GmbH has set itself an ambitious goal in alignment with the Paris Agreement as well as European Climate Law: to achieve CO2 neutral production by 2030.

The group is aligned with the Paris Agreement and the EU Climate Law, both of which aim to limit global warming to well below 2°C, ideally to 1.5°C, compared to pre-industrial levels. The EU Climate Law enshrines this target into binding European law and requires EU member states to achieve climate neutrality by 2050.

As an important attribute, many subsidiaries are certified according to ISO 14001 (“Environmental management systems”) and ISO 50001 (“Energy management systems”). Both energy consumption as well as CO2 emissions are regularly monitored.

Environment

What does this goal mean?

We are determined to significantly reduce our CO2 emissions by the year 2030, ultimately aiming for CO2 neutral production. We are targeting specifically the Scope 1 and 2 emissions of the most relevant greenhouse gases, otherwise known as CO2-equivalent.

All subsidiaries are committed to this goal, whereby the subsidiaries newly incorporated into pewag austria GmbH are granted a 5-year phase-in period.

EN OUR PATH TO CO2-NEUTRAL PRODUCTION

CO2-Reduction Energy efficiency ï Transition to green energy sources ï Optimisation of heat treatment ï Transition to E-Mobility ï LED lighting CO2-Removals

Gas Own transport

OUR CO2HOTSPOTS

Materials & transport

Downstream scope 3

Waste

Own electricity

Logistics

Logistics

Raw materials & Purchased energy

Suppliers

Logistics Production & Distribution & Self-generated energy

SCOPE 3

SCOPE 1

Social

Purchased energy

Logistics Collection & Sorting & End of Life

Customers & Consumers SCOPE 3

SCOPE 2 scrap and other recycleables from our production and sales sites old chains and other recycleables from consumers

Depiction 4: CO2 neutral production by 2030

Governance

How will we achieve this?

As a first step, we have analyzed the targeted CO2 emissions and identified our CO2 hotspots as presented in the infographic.

Scope 1 represents direct emissions from our own sources such as transport with company vehicles and gas purchased. This also includes self-produced energy for our own use, which comes completely from renewable sources (photovoltaics, hydro power plant and biomass power plant) and which is already CO2 neutral.

Scope 2 represents indirect emissions from purchased energy (e.g. electricity, heat and cooling).

19

Sustainability Report 2024

Introduction

pewag austria GmbH

PWA EN

Decarbonization plan CO2 total: 10 535

10000

901 9634

Completed reduction measures -2219

Additional reduction measures

8000

6000

Remaining CO2 emissions CO2 total

Environment

Scope 1&2: Projection based on data for 2023

12000

-2918 -213

4000

-1261

-208 -1473

2000

E(a Mob dd ili itio ty na l) CO Rem 2 e ain m in iss g ion s

th Tr gr ans ee itio n n en to er gy Tr gr ans ee itio n n (a ene to dd rg itio y En na er l) gy eff i (a cien dd c itio y Op na tim l) iza he tio at n o tre f t (a atm he dd en itio t na l) EMo bil ity

ow Gr

2

CO

-2243

Depiction 5: Roadmap to decarbonization (based on original emission factors)

Social

Derived from the results, we have developed a roadmap for pewag austria GmbH as well as for each manufacturing site, outlining specific measures to achieve our goal.

Our main focus is the reduction of CO2 emissions, targeting specifically the Scope 1 and 2 emissions. Our key reduction measures are energy efficiency, including the optimization of our production processes (e.g. heat treatment) to reduce energy consumption and transition to green energy sources either by implementing self-generated renewable energy (photovoltaic plants, hydro power plants) or with purchased renewable energy.

We are also focusing on optimization of our own logistics and transport (E-mobility). Finally, even smaller steps such as installing LED lighting contribute to decarbonization, especially in offices and warehouses.

Governance

Our decarbonization measures are largely aligned with the EU “Fit for 55” initiative. This EU’s plan for a green transition aims to reduce CO2 emissions by 55% by 2030. It proposes a coherent and balanced framework for reaching the EU’s climate objectives in a way, which on one hand ensures a just and socially fair transition, while on the other hand strengthens innovation and competitiveness of EU industry and last of all also underpins the EU’s position as leading the way in the global fight against climate change.

Some of the EU-decarbonization measures include: Setting ambitious renewable energy targets (42.5 % renewable energy share by 2030), ensuring energy efficiency, shifting from fossil gas to renewable and low-carbon gases and reducing emissions from transport.

20

Thanks to these targeted reduction measures, pewag austria GmbH and its subsidiaries were already able to significantly reduce their Scope 1 and 2 CO2 emissions: By 20% in 2022, 22% in 2023 and 27% in 2024. In 2024 alone, this resulted in an additional 2 608 tons of CO2 emissions being avoided – equivalent to the carbon capture capacity of approximately 78 240 newly planted trees. A positive trend and another significant step toward achieving our climate goal The remaining emissions will be further addressed and reduced in the coming years, also through examination of carbon removal measures and participation in the EU emissions trading system.

What about Scope 3 emissions?

Scope 3 emissions represent the indirect emissions from activities in the value chain.

These are not addressed with our main goal of CO2 neutral production. Nevertheless, we want to fully understand their impact. Thus, we have already examined the subcategories of Scope 3 emissions significant to our value chain and set out systems to monitor them.

Research conducted in 2023, along with external independent studies, revealed that subcategories such as raw materials purchased (steel and aluminum) as well as upstream and downstream transport might be the most impactful and should therefore be considered material. Some of these impacts are already being successfully mitigated through our measures towards the circular economy.

Sustainability Report 2024

ENERGY CONSUMPTION AND CO 2

The chain manufacturing processes are energy-intensive, which is why pewag austria GmbH and its subsidiaries strive to replace fossil energy sources such as gas and non-renewable electricity with renewable and low-carbon energy sources wherever possible.

Introduction

pewag austria GmbH

The transition to e-mobility in the company fleet is also a key component of our sustainability strategy. In 2024, the share of kilometers driven using electric vehicles continued to rise – from 5% in 2022 to 13% in 2023 and up to 15% in 2024. At the same time, the proportion of kilometers driven by diesel and petrol vehicles decreased accordingly.

Environment

In the reporting year 2024, total energy consumption amounted to 44 146 MWh, representing a decrease of 6% compared to the previous year. This decrease is primarily due to a decrease in production volume. In some subsidiaries, 92% of total energy demand was already covered by renewable energy sources (both purchased and self-generated), while the figure at group level stood at 32%.

This puts us well above the global average of 15% and the EU average of 24.6%. The original EU target of covering at least 32% of energy needs from renewable sources by 2030 has already been achieved, while the more ambitious updated EU target of 42.5% is within reach.

Thanks to our own photovoltaic systems and a hydroelectric power plant as well as a biomass power plant, the amount of self-generated renewable energy more than doubled from 2 079 MWh in 2022 to 5 086 MWh in 2023. In 2024, this figure increased further to 6 697 MWh, reflecting a consistently positive trend.

ISO 14001 ISO 50001

60%

Energy Mix

compared to 2023

58%

50%

57%

40%

53%

2 608 tons CO2 avoided

+18%

30%

6 697 MWh self-generated renewable energy

+ 32%

32% 23%

961 417 km with e-cars

26%

+27%

21% 16%

10%

15%

Renewable energy Nuclear energy

Governance

20%

Social

The share of in-house energy supply across the group reached 15%, with individual subsidiaries achieving up to 69%, marking another milestone on our path to decarbonization and towards SDG 7 (Affordable and Clean Energy).

Non-renewable energy Linear (Renewable)

2022 38 667 MWh

2023 46 761 MWh

2024 44 146 MWh

Depiction 6: Environmental KPIs in overview

21

Sustainability Report 2024

Introduction

pewag austria GmbH

Environmental KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Energy consumption and mix TOTAL ENERGY CONSUMPTION from electricity

Environment

MWh

%

MWh

%

MWh

%

44 146

100%

46 761

100%

38 667

100%

21 559

49%

21 199

45%

20 535

53%

4 628

4 657

-

3 937

-

7 529

7 002

-

6 350

-

Electricity purchased – nuclear

6 566

7 668

-

8 169

-

Electricity self-generated – renewable

2 835

1 872

-

2 079

-

240

173

-

155

-

19 813

42%

17 479

45%

17 416

40%

Natural gas (for production)

14 241

16 387

-

12 478

-

Natural gas (for infrastructure)

2 856

3 349

-

4 987

-

Liquefied petroleum gas – LPG

319

75

-

13

-

Liquefied natural gas – LNG

0

0

-

0

-

Compressed natural gas - CNG from heat

0 5 084

12%

1

-

0

-

4 186

9%

589

2%

Heat purchased – non-renewable

753

973

-

51

-

Heating oil

470

-

-

-

-

0

3 213

-

538

-

3 862

0

-

0

-

Heat purchased – renewable Heat self-generated – renewable Heat sold – renewable

0

from fuel

88

Diesel (for forklifts, repair services)

88

Fuel – renewable

0

ENERGY MIX

0%

0

-

0

-

1 564

3%

64

0%

1 564

-

64

-

0

-

0

-

44 146

100%

46 761

100%

38 667

100%

-

-

-

-

-

-

Self-generated

6 697

15%

5 085

11%

2 079

5%

Purchased

37 450

85%

41 676

89%

36 588

95%

Share of self-generated energy

Share of renewable energy

-

-

-

-

-

-

14 226

32%

12 087

26%

8 967

23%

Nuclear

6 566

15%

7 668

16%

8 169

21%

Non-renewable

23 354

53%

27 006

58%

21 531

57%

Renewable

Social

Year 2022

Electricity purchased – renewable

from gas

Transport WITH COMPANY-OWNED FLEET Diesel

Year 2024 km

%

Year 2023 km

%

Year 2022 km

%

6 561 389

100%

6 405 276

100%

4 360 288

100%

4 694 895

71%

4 646 101

72%

3 532 112

81%

Petrol

666 048

10%

1 003 154

16%

601 010

14%

Electric

961 417

15%

756 021

12%

227 166

5%

Hybrid

195 715

3%

-

-

-

-

Ethanol 85

43 314

1%

-

-

-

-

Depiction 7: KPIs – Energy consumption

Governance

Year 2023

Electricity purchased – non-renewable

Electricity sold – renewable

22

Year 2024

ESRS E1-5

E1-5

ESRS -

Sustainability Report 2024

Introduction

pewag austria GmbH

the introduction of market-based emission factors for Scope 2 is planned.

Remark on methodology adjustment in CO2 accounting In the reporting year 2024, the methodology for recording CO2 emissions was further developed. The principles continue to follow the GHG Protocol and record gross greenhouse gas emissions (GHG), including CO2, CH2, and N2O as CO2 equivalents.

However, the emission factors were updated: In addition to revised default values from the Intergovernmental Panel on Climate Change (IPCC), also location-specific emission factors from the International Energy Agency (IEA) were incorporated.

To ensure comparability over the years, emission data for 2022 and 2023 were retrospectively adjusted to reflect the new values.

The original data remains transparently documented and is accessible in the archive. For the upcoming reporting years,

Environment

In addition, the methodology was refined, including the introduction of additional Scope 3 subcategories. This ensures that all significant Scope 3 emission sources—deemed relevant based on our 2023 analysis and industry-specific insights—are covered. Currently, these are still based on estimates, as they do not rely on primary data but on information largely provided by our suppliers and partners along the value chain. Many of these stakeholders are not yet subject to mandatory sustainability reporting but are in the process of establishing their own CO2 accounting systems. Therefore, a steadily increasing data quality in these areas is expected in the coming years.

Environmental KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

GHG emissions

Year 2024

Year 2023

Year 2022

t CO2

%

t CO2

%

t CO2

%

4 870

-

5 633

-

4 516

-

- with default emissions factors

2 153

-

2 358

-

2 177

-

- location-based1

5 997

-

-

-

-

-

CO2 EMISSIONS FROM OWN OPERATIONS Scope 1

ESRS E1-6

Scope 2:

- market-based CO2 EMISSIONS FROM THE VALUE CHAIN (Scope 3 estimation)2 Cat. 1: Purchased goods (steel and aluminum)

-

-

-

-

-

-

43 713

-

33 898

-

-

-

36 294

-

27 893

-

-

-

Cat. 4: Upstream transportation and distribution

5 232

5 280

-

-

-

233

-

205

-

-

-

1 721

-

506

-

-

-

-

6 693

-

233

14

CO2 TOTAL (Scope 1 + 2 + 3)2

E1-6

- with default emissions factors

50 736

- location-based1

54 580

-

-

-

-

-

-

-

-

-

-

-

CO2 per net revenue

0.02

t CO2 / k€

0.03

t CO2 / k€

0.03

t CO2 / k€

CO2 per employee

- market-based

-

41 889

CO2 INTENSITY (Scope 1 + 2)2

E1-6 4.4

t CO2

5.5

t CO2

6.0

CO2 AVOIDED (Scope 1 + 2)

-

-

-

-

-

-

thanks to renewable energy3

2 608

27%

2 207

22%

1 660

20%

Financial data NET REVENUE (annual)

Social

Cat. 6: Business travel Cat. 9: Downstream transportation and distribution Other

E1-6

Year 2024

Year 2023

283 833 097 €

281 269 231 €

t CO2

Year 2022 232 054 638 €

ESRS -

1 Location-specific conversion factors according to IEA (IEA (2024), Emission factors).

2 When considering the total CO2 emissions from the value chain (so-called Scope 3), it should be noted that this data was not yet available in the reporting year 2022. In 2023, the 2 most relevant (out of a total of 15) subcategories were initially introduced; in reporting year 2024, 2 additional relevant subcategories

Governance

Depiction 8: KPIs – GHG emissions

were added. Furthermore, these figures are estimates, as not all partners along the value chain currently collect this data. Therefore, a year-on-year comparison is not yet meaningful at this time.

3 Avoided thanks to renewable energy: This refers to energy generated from renewable sources (water, wind, sun) that helps avoid CO2 emissions by replacing fossil fuels.

23

Sustainability Report 2024

Introduction

pewag austria GmbH

Bielska-Białej, PL

Environment

In the spotlight:

Green Energy Kapfenberg, AT

Graz, AT

Klagenfurt, AT

Social

Kapfenberg, AT

Hillegom, NL

Porto Alegre, BR

Governance

Rijnsburg, NL

Laktasi, BA

Chrudim, CZ

24

Sustainability Report 2024

Introduction

pewag austria GmbH

Other sites of pewag group

Vamberk, CZ

Brückl, AT

Environment

►

Brückl, AT

Pueblo, US

Kapfenberg, AT

Social

Unna, DE

Brückl, AT

Middelburg, NL

Suello, IT

Governance

Les Marches, FR

Doudleby, CZ

Plymouth, UK Česká Třebová, CZ

25

Sustainability Report 2024

Introduction

pewag austria GmbH

2.2. Pollution [ESRS E2]

maintain product and environmental stewardship. To minimize risks and ensure prevention, proven corrective measures are implemented, supported by regular environmental audits and ongoing optimization of process technologies.

pewag austria GmbH complies with all local environmental regulations. Emissions are recorded regularly and with great care; continuous performance improvements are based on an environmental management system in accordance with ISO 14001.

In the reporting year 2024, as well as in previous years, no air or water emissions exceeding the thresholds defined in the E-PRTR regulation were detected at any pewag austria GmbH locations.

No other environmentally relevant pollutants were used or released. The handling of substances of (very) high concern under the REACH regulation is documented and transparent, following a standardized monitoring system.

In some of the manufacturing processes, such as galvanizing, the use or generation of some pollutants and substances of concern is currently technically inevitable.

Environment

There, we set ourselves the goal of continuously reducing such impacts and we actively investigate suitable substitutes to

Environmental KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Pollution

Year 2024

Year 2023

Year 2022

kg

kg

kg

Total emissions of air pollutants

below threshold

below threshold

below threshold

Total emissions to water

below threshold

below threshold

below threshold

Total inorganic emissions

0

below threshold

0

Total amount of ozone depleting substances

0

0

0

Total amount of microplastics

0

0

0

Substances of concern

3 383

3 515

15 926

Substances of very high concern

7 430

POLLUTANTS USED OR GENERATED

E2-4

SUBSTANCES OF CONCERN

E2-5 3 365

2 100

Boric acid

300

300

400

Cobalt Nitrate

800

700

3 000

2 265

1 100

4 030

Other

ESRS

Social

Depiction 9: KPIs – Pollution

2.3. Water and marine resources [ESRS E3]

Governance

pewag austria GmbH handles water resources with great care, even though no water is being consumed in areas of high-water stress.

Depiction 10,11: Innovative underwater project Nemo’s Garden and the generation of renewable energy through hydropower

26

Sustainability Report 2024

Introduction

pewag austria GmbH

The water consumption greatly depends on the production volume, thus water intake and discharge are regularly monitored and the quality of discharged water is regularly tested.

At our production sites in Austria, Bosnia and Herzegovina, Slovenia and Czech Republic, water from different sources, including rainwater, is used in production processes for cooling purposes.

This occurs in a closed loop system, thus ensuring the water is not contaminated.

Furthermore, stream water is used for the generation of renewable energy in our hydroelectric plants in Austria. These have been carefully designed and constructed to ensure that marine life remains intact.

Environment

In the manufacturing industry, total water consumption – the amount of water drawn into the company’s boundaries during the reporting period and not discharged back to the water environment – typically accounts for between 3% and 15% of total water withdrawal. In the reporting year 2024, total water consumption remained at the lower end of this range, at 3%.

Environmental KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Water and marine resources

Year 2024

Year 2023

Year 2022

m3

%

m3

%

m3

%

501 094

-

362 936

-

454 254

-

WATER USE Water withdrawal

E3-4

From city water

39 825

-

29 302

-

22 316

-

From well water

167 591

-

168 334

-

169 138

-

From stream water Water discharge

293 678

-

165 300

-

262 800

-

486 774

-

354 867

-

445 712

-

Into sewage

27 342

-

23 813

-

16 991

-

Into stream

459 432

-

331 054

-

428 721

-

Water stored

86

-

86

-

224

-

Water reused

0

-

0

-

2

-

Water recycled TOTAL WATER CONSUMPTION Thereof in areas of high-water stress WATER INTENSITY

ESRS

1 379

-

1 633

-

1 632

-

14 320

3%

8 069

2%

8 542

2%

0

0%

0

0%

0

0%

0.05

m3 / k€

0.03

m3 / k€

0.04

m3 / k€

Social

Depiction 12: KPIs – Water use

2.4. Biodiversity and ecosystems [ESRS E4]

Double materiality analysis, in which both the financial as well as ESG-related impacts on and by a company are assessed, showed no significant impacts regarding biodiversity and ecosystems.

Nevertheless, pewag austria GmbH is committed to preservation of green areas at its own locations. In 2024, an infrastructure of 279 337 m² was maintained, with the area of natural and nearnatural spaces continuously increasing and currently representing 42% of the total infrastructure.

Governance

Environmental KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Infrastructure TOTAL INFRASTRUCTURE

Year 2024

Year 2023

Year 2022

m2

%

m2

%

m2

%

279 337

100%

270 821

100%

210 240

100%

Sealed surfaces

161 212

58%

153 007

57%

130 320

62%

Near-natural areas

118 124

42%

117 813

43%

79 920

38%

ESRS -

Depiction 13: KPIs – Infrastructure

27

Sustainability Report 2024

Introduction

pewag austria GmbH

2.5. Resource use and circular economy [ESRS E5]

We promote closed loop systems by supporting the use of sustainable, renewable natural resources, while reducing waste and increasing reuse and recycling.

pewag austria GmbH dedicates itself to careful handling of resources and integrates the principles of the circular economy into its business model, focusing primarily on longevity, reusability, repairability and recycling.

In year 2024, within pewag austria GmbH and its subsidiaries, a total of 3 595 tons of waste was generated and disposed of, thereof 80% was recycled, 10% hazardous, and 10% not recycled (non-hazardous). Following the 16% decrease in production volume, the total amount of waste could also be reduced by 20% compared to the previous year.

Environment

It is therefore self-evident to use raw materials as sparingly as possible while maintaining product quality. Continuous efforts are made not only to optimize the load-bearing capacity, weight, and durability of our products, but also to extend their lifecycle – for example, by providing spare parts and repair services – and to improve their recyclability.

Environmental KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Resource use and circular economy RESOURCE INFLOWS Material consumption for direct production

Social

Material consumption for indirect production

Year 2024 t

Year 2023 %

25 279

t

Year 2022 %

30 161

24 520

-

759

-

t

%

28 319

E5-4

29 470

-

27 826

-

691

-

493

-

RESOURCE OUTFLOWS

25 387

30 108

Production quantity

21 792

-

25 626

-

Waste

ESRS

-

E5-5 -

3 595

100%

4 482

100%

3 124

100%

Hazardous waste

365

10%

443

10%

450

14%

Recyclable waste

2 857

80%

3 579

80%

2 377

76%

Steel scrap

2 191

2 860

-

1 988

-

Paper, cardboard

271

270

-

112

-

Plastic

37

37

-

23

-

Wood

85

78

-

66

-

Other recyclable waste

273

335

-

188

-

297

10%

Non-recyclable waste

373

10%

461

10%

Construction waste

197

-

139

-

99

-

Residual waste

176

-

322

-

198

-

Depiction 14: KPIs – Resource use

Longevity matters:

Governance

Repair and maintenance of pewag chains ensures their longer service life

pewag shackles:

Zero-waste forging process Depiction 15,16,17: Principles of circular economy in practice

28

Circularity in packaging:

Repurposed cardboard insteadof bubble wrap

Sustainability Report 2024

Governance

Social

Environment

Introduction

pewag austria GmbH

29

Governance

we take responsibility.

social

Environment Introduction

Sustainability Report 2024

Introduction

pewag austria GmbH

3.1. Own workforce [ESRS S1]

PRINCIPLES

pewag austria GmbH respects, upholds and promotes internationally proclaimed human rights, both at the workplace and in the own area of influence, such as along the value chain and in the local communities.

Environment

As an important attribute, many subsidiaries have successfully implemented the principles of ISO 45001 (“Occupational health and safety management systems”), with several achieving certification in 2024.

We recognize that the contribution of our employees is our greatest asset. Our dedication to providing good working conditions and secure employment at all locations around the world is one of the foundations of our business model.

This is reflected in our Code of Conduct with a range of commitments, such as ensuring health and safety, encouraging work-life balance, providing flexible working time and adequate wages, alignment with the collective agreements in the EEA region as well as enabling social dialogue and freedom of association. Our performance is regularly monitored by the selected KPIs.

26% female

Social

ISO 45001

95% permanent 95%

full-time 95%

82%

age group 15%

<30 18%

58%

30-50 51%

27%

>50 31%

OSHA RATE 2.7 2023: 3.1 | 2022: 4.9

Employee turnover rate 16%

74% male

Governance

2023: 18% | 2022: 18%

Depiction 18: People of the pewag group in overview

31

Sustainability Report 2024

Introduction

pewag austria GmbH

As of the reporting date December 31, 2024, pewag austria GmbH and its subsidiaries employed 1 535 own employees (headcount) worldwide: Thereof 26% female, 74% male and 0% other. Though the number of employees significantly increased from the previous reporting year,

the gender distribution itself remained similar – a strong indication of a culture of equal treatment and opportunity.

The number of employees is recorded both as headcount and as full-time equivalents (FTEs) – as of the balance sheet date and as an annual average.

Social KPIs of pewag austria GmbH

and subsidiaries per December 31st and per year average

Environment

Own employees per December 31st

Per Dec. 31st 2022

FTE

Headcount

FTE

Headcount

FTE

BY GENDER

1 535

1 493

1 408

1 373

1 075

1 044

Male

1 143

1 126

1 042

1 034

793

788

Female

392

367

366

339

282

256

Other

0

0

0

0

0

0

1 535

1 493

1 408

1 373

1 075

1 044

1 460

1 423

1334

1 307

1 018

990

Male

1 086

1 072

986

982

747

744

Female

374

351

348

325

271

246 54

Permanent employees

Temporary employees

71

69

69

64

54

Male

55

53

54

52

44

44

Female

16

16

15

12

10

10

Non-guaranteed hours employees

4

1

5

2

3

0

1 535

1 493

1 408

1 373

1 075

1 044

Full-time

1 411

1 411

1 318

1 318

999

999

BY DEGREE OF EMPLOYMENT Male

1 090

1 090

1 019

1 019

780

780

Female

321

321

299

299

219

219

Part-time

124

82

90

55

76

45

Male

54

39

23

15

13

7

Female

70

43

67

40

63

38

1 535

1 493

1 408

1 373

1 075

1 044

1 404

1 365

1 282

1 250

970

939

BY EMPLOYMENT REGION Europe

Social

Per Dec. 31st 2023

Headcount

BY EMPLOYMENT RELATIONSHIP

USA and Canada

86

85

81

81

73

73

Other regions

45

43

45

42

32

32

Own employees per year average

Year average 2024

Year average 2023

Year average 2022

Headcount

FTE

Headcount

FTE

Headcount

FTE

BY GENDER

1 496

1 449

1 442

1 410

-

-

Male

1122

1104

1 065

1 059

-

-

Female

374

345

377

351

-

-

Other

0

0

0

0

-

-

1 496

1 449

1 442

1 410

-

-

1 442

1400

1 364

1 338

-

-

Male

1082

1066

1 008

1 003

-

-

Female

360

334

356

335

-

-

BY EMPLOYMENT RELATIONSHIP Permanent employees

Temporary employees

49

47

75

70

-

Male

37

37

57

56

-

-

Female

12

10

18

14

-

-

Non-guaranteed hours employees

6

2

3

2

-

-

1 496

1 449

1 442

1 410

-

-

Full-time

1 385

1376

1 361

1 360

-

-

BY DEGREE OF EMPLOYMENT

Governance

Per Dec. 31st 2024

Male

1080

1071

1 047

1 046

-

-

Female

305

305

314

314

-

-

Part-time

111

74

81

50

-

-

Male

44

34

18

13

-

-

Female

67

40

36

37

-

-

Headcount

FTE

Headcount

FTE

Headcount

FTE

Number of departures in the reporting year

236

-

261

-

191

-

Employee turnover rate

16%

-

18%

-

18%

-

Own employees

Year 2024

Year 2023

Year 2022

EMPLOYEE TURNOVER

S1-6

S1-6

S1-6

S1-6

ESRS S1-6

S1-6

S1-6

ESRS S1-6

Depiction 19: KPIs – Own employees per December 31st and per year average as well as employee turnover

32

ESRS

Sustainability Report 2024

Introduction

pewag austria GmbH

covered by social protection in the events of income loss. In the EU/EEA region, collective bargaining coverage stands at approximately 66% and 32% of employees are represented by employee representatives. Outside the EU/EEA, comparable structures are not as widely established.

The employee turnover rate was reduced from 18% in both 2022 and 2023 to 16% in 2024. Additional key indicators also reflect a culture of secure employment: The percentage of permanent employment contracts remained consistently at 95% from 2022 to 2024, with male and female employees equally represented.

However, the pewag group respects freedom of association and promotes social dialogue at all its locations worldwide.

The percentage of full-time employees remained constant at 92%; 18% of all female employees and 5% of all male employees opted for part-time work for family-related reasons.

All employees worldwide are entitled to paid family-related leave – supporting the work-life balance – and 86-98% are

Environment

All employees receive fair and adequate remuneration that exceeds local statutory minimum wages or collective agreements – reflecting a clear commitment to fair working conditions worldwide.

Social KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Year 2024

Year 2023

Year 2022

Own employees

Nonemployees

Own employees

Nonemployees

Own employees

Nonemployees

In the EEA region

66%

43%

63%

45%

56%

64%

Outside the EEA region

20%

0%

20%

0%

21%

0%

32%

-

-

-

-

-

-

-

-

-

-

-

100%

-

-

-

-

-

Male without adequate wage (headcount)

0

-

Female without adequate wage (headcount)

0

COLLECTIVE BARGAINING COVERAGE

S1-8

SOCIAL DIALOGUE Representation on the company level Representation on the country or EU level

S1-8

ADEQUATE WAGES Percentage of employees with adequate wages

S1-10 -

-

-

-

-

-

-

-

SOCIAL PROTECTION COVERAGE AGAINST INCOME LOSS

S1-11

In the event of sickness

98%

-

100%

-

98%

-

In the event of unemployment

86%

-

85%

-

87%

-

In the event of employment injury or disability

98%

-

100%

-

98%

-

In the event of parental leave (maternity, paternity)

95%

-

96%

-

98%

-

In the event of retirement

97%

-

98%

-

98%

-

100%

-

100%

-

100%

-

Male

25

-

20

-

-

-

Female

20

-

32

-

-

-

WORK-LIFE BALANCE

ESRS

Social

Social dialogue, Freedom of association, Social protection

S1-15

Depiction 20: KPIs – Working conditions Together with 54 external employees – including agency workers in the production and other non-employee workers, the total number of persons in the own workforce in the reporting year 2024 was 1 589.

Social KPIs of pewag austria GmbH and subsidiaries per December 31st

Non-employees TOTAL NUMBER Most common types of non-employees Type of work they perform

Per Dec. 31st 2024

Per Dec. 31st 2023

Per Dec. 31st 2022

Headcount

FTE

Headcount

FTE

Headcount

FTE

54

53

45

39

41

26

Agency workers

Agency workers

Agency workers

Production

Production

Production

ESRS S1-7

Governance

Depiction 21: KPIs – Non-employee workers

33

Sustainability Report 2024

Introduction

pewag austria GmbH

People of the

pewag group Summer gathering

Environment

Giving back to local communities

pewag congress

End-of-Year celebrations

bike2work, CZ

Keynote Speaker Paul Polman

Social

pewag congress

Christmas party

pewag racing team

pewag congress

Company run, DE

Governance

Factory tour

pewag congress

34

Sustainability Report 2024

Introduction

pewag austria GmbH

The occupational health and safety of our employees are a fundamental principle for pewag austria GmbH – from personal protective equipment, machine safety, fire protection through to handling chemicals. All subsidiaries conduct various projects for accident prevention and raising awareness.

employees, over a 1 year period. In order to continuously improve the occupational health and safety, additional measures were introduced, one of them being the implementation and – in some cases also certification – of ISO 45001 principles (Occupational health and safety management systems).

Even despite this effort, all workplace accidents cannot be completely avoided. The accident rate according to the OSHA rate was successfully reduced from 4.9 in 2022 and 3.1 in 2023 to 2.7 in 2024 and remains firmly at the lower end of the industry average of 3 to 5. OSHA rate indicates the number of recordable work-related accidents per 200 000 hours worked, which equals to 100 full-time

As in previous years, there were no fatalities or work-related illnesses. In 2024, the number of cases of sick leaves was reduced, not least due to health-promoting measures. However, the total number of lost workdays – including those due to sicknesses and accidents – increased by 1% compared to 2023, which is largely attributable to a 9% increase in staff.

Environment

OCCUPATIONAL HEALTH AND SAFETY

Social KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Occupational health and safety

Year 2024

Year 2023

Year 2022

Own employees

Nonemployees

Own employees

Nonemployees

Own employees

Nonemployees

100%

-

100%

83%

100%

100%

HEALTH AND SAFETY Health and safety coverage

ESRS S1-14

Number of fatalities

0

0

0

0

0

0

Number of recordable work-related accidents

40

1

46

0

51

2

OSHA-rate

2.7

-

3.1

-

4.9

-

ESRS-rate

13.3

-

15.7

-

24.5

-

0

0

0

0

0

0

Number of cases of sick leave

1 221

0

1 287

0

580

0

Number of days lost

14 415

2

14 280

0

4 972

0

Number of cases of work-related illnesses

Depiction 22: KPIs – Occupational health and safety SKILLS DEVELOPMENT

Annual performance reviews are an opportunity to jointly reflect upon and manage the achievements, individual goals and development possibilities. In 2024, 77% of all male employees and 75% of all female employees participated in these reviews.

Skills development takes place through both in-person training and the pewag academy, our ISO 29993-certified online learning platform. This platform offers our employees worldwide a wide range of educational content: from

compliance training such as fire safety, cybersecurity and data protection to product training, technical seminars and live webinars, which also external partners can attend. Apart from that, also external training is facilitated, including training in machine safety, specialized qualifications and language courses.

Social

The focus is also on the continuous encouragement of the personal and professional development of our employees.

In 2024, a total of 14 708 training hours were conducted – an average of 9.6 hours per employee, thereof 10.6 hours per male employee and 6.7 hours per female employee. Voluntary and gratuitous training opportunities as well as mentoring are not included in this total, as they are not yet incorporated into the standardized tracking of training and development hours.

Social KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Year 2024 Hours

REGULAR PERFORMANCE AND CAREER DEVELOPMENT REVIEWS Male

Average per employee Total hours male Average per male employee Total hours female Average per female employee

Year 2022

Hours

%

Hours

%

77%

-

-

-

-

77%

-

-

-

-

75%

-

-

-

-

14 708

-

-

-

-

-

9.6

-

-

-

-

-

12 065

-

-

-

-

-

10.6

-

-

-

-

-

2 643

-

-

-

-

-

6.7

-

-

-

-

-

Female TRAINING HOURS

Year 2023 %

ESRS S1-13

Governance

Training and skills development

S1-13

Depiction 23:KPIs – Employee development

35

Sustainability Report 2024

Introduction

pewag austria GmbH

MANY DIMENSIONS OF EQUITY Last but not least, pewag austria GmbH nurtures a culture of open, honest, non-discriminatory and team-oriented exchange based on transparent communication. Diversity is welcomed and underpinned by equal treatment and equal opportunities for all, including gender equality and equal pay for work of equal value, equal access to training and skills development, inclusion of persons with disability and enacting measures against violence and harassment in the workplace.

The proportion of women in leadership positions is at 17%, which is in line with the average for a traditionally male-dominated industry.

In addition, a new ESRS gender pay gap indicator was introduced, which at 23% does not reflect the full reality at an aggregated level, as its definition does not take into account the different roles and responsibility held by men and women in the manufacturing industry.

Social KPIs of pewag austria GmbH Environment

and subsidiaries per December 31st

Top managers

Per Dec. 31st 2024 %

Headcount

%

Headcount

%

89

100%

82

100%

71

100%

Male

74

83%

65

79%

58

82%

Female

15

17%

17

21%

13

18%

Own employees by age group

Per Dec. 31st 2024

Per Dec. 31st 2022

%

Headcount

%

Headcount

%

TOTAL NUMBER

1 535

100%

1 408

100%

1 075

100%

< 30 years

268

17%

250

18%

155

15%

Male

210

-

188

-

110

-

Female

58

-

62

-

45

-

30 - 50 Years

813

53%

777

55%

628

58%

Male

584

-

571

-

468

-

Female

229

-

206

-

160

-

> 50 Years

454

30%

381

27%

292

27%

Male

349

-

286

-

218

-

Female

105

-

95

-

74

-

Per Dec. 31st 2024

Per Dec. 31st 2023

Per Dec. 31st 2022

Headcount

%

Headcount

%

Headcount

%

26

2%

18

1%

16

1%

Total number out of own employees

Social

Per Dec. 31st 2023

Headcount

Persons with disabilities

Remuneration Gender pay gap Total remuneration ratio

Depiction 24: KPIs – Diversity, equity, inclusion

Governance

Per Dec. 31st 2022

Headcount

TOTAL NUMBER

36

Per Dec. 31st 2023

Per Dec. 31st 2024

Per Dec. 31st 2023

Per Dec. 31st 2022

%

%

%

23%

-

-

-

-

-

ESRS S1-9

ESRS S1-9

ESRS S1-12

ESRS S1-16

Sustainability Report 2024

In the reporting year 2024, a total of 5 reports of workplace harassment were submitted. These were thoroughly investigated by an impartial body within the organization. Three allegations were found to be unsubstantiated. In other cases, appropriate measures were taken, including the termination of employment

Introduction

pewag austria GmbH

of one person. In addition, internal meetings were held to raise awareness about the pewag group’s policies on respectful conduct and the prevention of harassment, in order to prevent such incidents and to underscore our commitment to a respectful and safe working environment.

Social KPIs of pewag austria GmbH and subsidiaries in reporting year 2024

Incidents, complaints and severe human rights impacts

Year 2024

Year 2023

Year 2022 ESRS S1-17

2

2*

-

Harassment (sanctioned) and allegation of harassment

Allegation of sexual harassment, threats

-

5

0

-

15 692 €

0

-

Termination of employment and implementation of preventive measures

Thorough investigation, discussion, additional training courses to raise awareness.

-

0

0

-

Total number of incidents Description of the nature of such incidents Total number of complaints filed through grievance mechanisms Total amount of fines, penalties and compensation for damages from such incidents Implemented remediation plans SEVERE HUMAN RIGHTS INCIDENTS Total number of incidents

Environment

DISCRIMINATION AND HARASSMENT

S1-17

Description of the nature of such incidents

-

-

-

Total number of complaints filed through grievance mechanisms

0

0

-

Total amount of fines, penalties and compensation for damages from such incidents

0

0

-

Depiction 25: KPIs – Grievance mechanism

3.2. Workers in the value chain [ESRS S2]

Social

To ensure a sustainable, responsible and resilient value chain, pewag austria GmbH carefully selects its suppliers and partners.

In particular compliance with the ESG minimum requirements is an essential criterion for cooperation.

Therefore, the standard of working conditions enjoyed by our employees is encouraged along our value chain. This is supported by a separate Code of Conduct for Suppliers and by making our confidential whistleblower channel accessible to externals. Further measures are being examined.

3.3. Affected communities, consumers and end-users [ESRS S3, S4]

*In 2023, two reports (one of sexual harassment and one of threats) were made through internal channels. These reports were thoroughly investigated by an impartial party within the organization. Although the allegations proved to be unsubstantiated, the employees involved were proactively included in discussions about

Governance

Taking responsibility for ESG means that also the interests of other stakeholder groups, such as affected communities, consumers and end-users are considered in the process of developing our sustainability strategy. Various communication channels are in place to facilitate a valuable multi-faceted and transparent exchange, including making the confidential whistleblower channel accessible to external stakeholders.

pewag proup’s policies on sexual harassment and threats. They were also provided with additional training courses designed to address and prevent such issues, reflecting our commitment to maintaining a respectful and safe workplace.

37

Environment

we take responsibility.

governance

Social Introduction

Sustainability Report 2024

Introduction

pewag austria GmbH

4.1. Business conduct

[ESRS G1]

To identify and assess the material impacts, risks and opportunities, discussions were held with internal stakeholders. The double materiality analysis identified the following topics as material: Cybersecurity and AI, data protection, digitalization and business ethics, including the prevention of corruption and bribery.

Internally, this is ensured at all locations worldwide through compliance management, training our employees and implementing our own Code of Conduct. The latter reflects the commitment of each of our team members to co-create an ethical corporate culture with zero tolerance for corruption, bribery, anti-competitive or other unlawful behavior and where respect for human rights and the environment is enhanced by transparency, effective cybersecurity and data protection on one hand as well as protection of whistleblowers on the other.

ISO 9001

Externally, this corporate culture of responsibility towards people and the environment is actively encouraged along the entire value chain with the help of a separate Code of Conduct for suppliers.

0

Incidents of anti-competitive behaviour

0

Incidents of corruption or bribery

regular Cybersecurity trainings

Depiction 26: Governance in overview

0

Incidents of data protection violations

Apart from that, business activities are regularly and carefully monitored through embedded internal control systems as well as with selected annual third-party assessments. Breaches are taken seriously and can ultimately lead to termination of employment or business partnerships.

Any concerns regarding business ethics, human rights, the environment as well as other compliance matters can be submitted either directly to the designated contact person or via a confidential grievance mechanism, which is freely accessible to internal and external persons: compliance@pewag-group.com. The investigations are carried out internally by independent and skilled officers bound by confidentiality.

Preventative and safety measures for whistleblower protection are duly enacted according to applicable EU and national legislation.

In the reporting year 2024, no confirmed incidents of corruption, anti-competitive behavior, data protection violations or the like were reported or discovered. An anonymous concern was submitted via the confindential whistleblowing mechanism. The matter was thoroughly examined as part of an internal review process; however, no evidence of misconduct was found. The whistleblower was appropriately informed about the process and outcome of the investigation. The protection of their identity and against possible retaliation was ensured in accordance with the applicable guidelines and remains in place even after the conclusion of the proceedings.

Social

EN

Environment

pewag austria GmbH complies not only with the applicable regulations, international standards and industry-specific guidelines, but also holds itself to the highest standards of integrity.

Governance

pewag austria GmbH strives to live up to the corporate responsibility towards people and the environment. Thus, the performance is systematically tracked with selected KPIs not only concerning the environmental and social aspects, but also regarding business conduct.

The overarching targets and corresponding actions plans are being developed.

39

Sustainability Report 2024

Introduction

pewag austria GmbH

Governance KPIs of pewag austria GmbH and subsidiaries in reporting year 2024 Business conduct

Year 2024

Year 2023

Year 2022

0

0

0

CONFIRMED INCIDENTS OF CORRUPTION AND BRIBERY

Environment

Total number of confirmed incidents of corruption and bribery

G1-4

Description of the nature of these incidents

-

-

-

Number of convictions

-

-

-

Amount of fines from convictions

-

-

-

Public legal cases against the company and own workforce

-

-

-

Confirmed incidents in which own workforce was dismissed or disciplined

-

-

-

Confirmed incidents relating to business partners, that were terminated or not renewed

-

-

-

Year 2024

Year 2023

Year 2022

1

0

0

Internal investigation, no breach confirmed

-

-

0

0

0

Whistleblowing REPORT FROM INTERNAL WHISTLEBLOWING SYSTEM Number of received reports Number of investigations and proceedings initiated as a result of such reports Number of justified reports Description of the type of committed violations

-

-

-

0

0

0

Description of the type of retaliation

-

-

-

Year 2024

Year 2023

Year 2022

33

33

32

PAYMENT PRACTICES Average time in which the company pays an invoice to a supplier (in days)

Social

Category 1 – netting (30 days)

31%

27%

22%

Category 2 – less than 30 days

23%

21%

21%

Category 3 – 30 days

23%

27%

35%

Category 4 – more than 30 days

23%

25%

22%

0

0

0

Governance

Depiction 27: KPIs – Governance

40

ESRS G1-6

Standard paying terms by categories of suppliers

Number of (currently outstanding) legal proceedings against the company for late payments

ESRS -

Number of processed retaliation incidents

Payment practices

ESRS

Sustainability Report 2024

Introduction

pewag austria GmbH

pewag austria GmbH does not engage in political influence or lobbying activities but is active in various industry associations and nurtures strategic partnerships.

Governance KPIs of pewag austria GmbH and subsidiaries in reporting year 2024 Political influence and lobbying activities

Year 2024

Year 2023

Year 2022

No

-

-

-

-

-

-

-

No

-

-

-

-

-

-

-

None

-

-

G1-5

Company’s engagement in political activities Who is responsible for the oversight of these activities?

Contributions

to political party

0

to elected representatives

0

to persons seeking political office

0

LOBBYING ACTIVITIES Company’s engagement in political activities

G1-5

Who is responsible for the oversight of these activities?

-

Which topics are covered by the lobbying activities?

-

What is the company's position on these topics?

-

TRANSPARENCY REGISTER AND HISTORY EU Transparency Register ID number Member of the top management or supervisory board with a position in public administration in the last 2 years

Environment

POLITICAL INFLUENCE

ESRS

G1-5

Social

Depiction 28: KPIs – Political influence and lobbying activities

4.2. Resilient supply chain [ESRS -]

Building on this understanding of corporate responsibility along the value chain, responsible raw material management takes on particular importance. The approach is based on clearly defined principles of transparency, traceability and

sustainability along the supply chain. The focus is on carefully considering the origin of critical raw materials with the aim of avoiding potentially negative social or environmental impacts.

The use of conflict minerals is generally avoided. If their use is deemed necessary in exceptional cases, the corresponding due diligence processes are implemented according to internationally recognized standards and OECD guidelines — including the provision of the Conflict Minerals Reporting Template (CMRT) — to ensure that supply chains do not contribute to the financing of conflicts or human rights risks.

Governance

pewag austria GmbH has proven itself to be a long-term partner for customers and suppliers. To ensure a sustainable, responsible and resilient value chain, we choose suppliers and partners with great care. Thus, compliance with ESG minimum requirements and local regulations is an essential criterion for cooperation.

41

Sustainability Report 2024 pewag austria GmbH

references This final section contains all supplementary information – including the reference list according to the United Nations Sustainable Development Goals and the independent assurance report.

5.1. References to the SDGs

[ESRS -]

SDG

42

Some of the contributions of the pewag group

In this report

Goal: End poverty in all its forms everywhere. // Goal: End hunger, achieve food security and improved nutrition and promote sustainable agriculture.

Our contribution: For the pewag group, long-term employment contracts as well as fair and timely payment are self-evident. In addition, timely payment is a minimum requirement along the entire supply chain, to enable personal planning capability and financial security.

Page 31-33

Goal: Ensure healthy lives and promote well-being for all at all ages.

Our contribution: In addition to meeting the high safety standards of its products — a guarantee made to the customers and end-users — the pewag group places a strong emphasis on health and occupational safety throughout all processes, as well as on health-promoting activities for its employees.

Page 34-35

Goal: Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.

Our contribution: The pewag academy offers product and technology training as well as internal training sessions as e-learning courses and in mixed forms (blended learning).

The pewag group also facilitates apprenticeships and internships in various areas.

Page 35

Goal: Achieve gender equality and empower all women and girls.

Our contribution: The pewag group aims to create an environment, where women have equal opportunities and are encouraged to take leadership positions.

Page 36

Goal: Ensure availability and sustainable management of water and sanitation for all.

Our contribution: The pewag group handles water resources with great care. The focus on water quality and management is not only a characteristic of our internal processes, we also offer a variety of solutions to our customers in this area, such as pewag lifting solutions pump chains for the waste water industry.

Page 26

Goal: Ensure access to affordable, reliable, sustainable and modern energy for all.

Our contribution: The pewag group increasingly sources its energy from renewable sources. Through investments in its own modern photovoltaic systems, biomass heating plants, and hydropower plants, it also produces renewable energy itself. In addition, many pewag group sites are ISO 50001 certified (energy management).

Page 21-25

Sustainability Report 2024 pewag austria GmbH

SDG

Some of the contributions of the pewag group

In this report

Goal: Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Our contribution: Economic growth and creating fair working conditions are inseparably connected to the pewag group. Depending on the operational possibilities, we offer flexible working conditions, such as home office and part-time positions. Some of our sites also provide a possibility of time-off in the low season or a 4-day work week

Page 31-37

Goal: Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation.

Our contribution: The pewag group is constantly working on the resilience of its supply chains, IT security and digitization. The manufacturing processes are certified: ISO 9001, ISO 14001, ISO 50001, ISO 29993, ISO 45001, LEEA.

Page 13-14, 28,31,39

Goal: Reduce inequality within and among countries.

Our contribution: The pewag group embraces diversity and is committed to equal treatment and equal opportunities, regardless of nationality, ethnic origin, gender, age, religion etc.

Page 9,33

Goal: Make cities and human settlements inclusive, safe, resilient and sustainable.

Our contribution: In addition to the transition to LED lighting, the pewag group is dedicated to energy efficiency in its buildings. Some pewag group locations provide the neighboring residences with district heat from excess self-generated renewable energies.

Page 19

Goal: Ensure sustainable consumption and production patterns.

Our contribution: The pewag group integrates the principles of the circular economy into its business model: durability and longevity through the provision of high-quality products; reparability through the supply of spare parts and repair services; resource conservation by minimizing resource use and researching recycled raw materials; reusability and recycling at the end of the product lifecycle (scrap metal, plastic, wood, cardboard).

Page 28

Goal: Take urgent action to combat climate change and its impacts.

Our contribution: To achieve the goal of CO2 neutral production by 2030, the pewag group is focusing on energy efficiency, renewable energies and optimized manufacturing processes as well as e-mobility. Many pewag group sites are also certified: ISO 14001 and ISO 50001.

Page 19-25

Goal: Conserve and sustainably use the oceans, seas and marine resources for sustainable development.

Our contribution: In addition to the reduction of plastics both in products as well as in packaging, the pewag group also supports innovative underwater projects such as “Nemo’s Garden”.

Page 26

Goal: Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss.

Our contribution: The products, such as pewag bluetrack forestry tracks guarantee optimized grip while also providing a good soil protection of the sensitive forest floor. In addition, the pewag group is committed to preserving natural areas at its sites.

Page 27

Goal: Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels.

Our contribution: The pewag group is active in over 100 countries and has devoted itself to the highest standards of integrity. This is ensured through compliance management and our own Code of Conduct. The same values are promoted along the entire value chain using a separate Code of Conduct for Suppliers.

Page 39,41

Goal: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable Development.

Our contribution: The pewag group nurtures long-term and sustainable partnerships and cooperations.

Page 40-41

43

Sustainability Report 2024 pewag austria GmbH

5.2. Independent assurance report [ESRS -]

REPORT on the audit of the sustainability reporting as of December 31, 2024 of pewag austria GmbH

Assurance report of the independent auditor We have performed a limited assurance engagement on the consolidated sustainability reporting of the pewag group for the financial year ending December 31, 2024.

A. Summary conclusion based on limited assurance assignment

Based on the assurance procedures performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the consolidated sustainability reporting is not prepared, in all material respects, in accordance with the requirements of Article 29a of Directive 2013/34/ EU, including • compliance with the European Sustainability Reporting Standards (hereafter ESRS) and • the implementation of the process for determining the information to be reported in accordance with the ESRS (hereafter “materiality analysis process”) and its presentation in Disclosure 1.3.

B. Basis for the summary conclusion

We conducted our limited assurance engagement in accordance with legal requirements and Austrian professional standards for other assurance engagements and supplementary statements. In a limited assurance engagement, the procedures performed are less extensive compared to those in a reasonable assurance engagement, therefore a lower level of assurance is obtained.

Our responsibilities under these regulations and standards are further described in the section “Responsibilities of the auditor of the consolidated sustainability reporting” of our assurance report.

We are independent of the Group in accordance with Austrian Generally Accepted Accounting Principles and professional regulations and Art. 22 et seq. AP-RL, and we have fulfilled our other professional responsibilities in accordance with these requirements.

Our audit firm is subject to the provisions of KSW-PRL 2022, which substantially correspond to the requirements of ISQM 1, and applies a comprehensive quality management system, including documented policies and procedures for complying with ethical requirements, professional standards and applicable legal and regulatory requirements.

We believe that the evidence we have obtained up to the date of the assurance report is sufficient and appropriate to provide a basis for our summary conclusion as of that date.

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C. Other information

The legal representatives are responsible for the other information. The other information includes all information in the consolidated financial statements and in the group management report, with the exception of sustainability reporting and our assurance report.

Our summary conclusion of the sustainability reporting does not extend to this other information and we will not provide any form of assurance thereon. In connection with our assurance engagement on the sustainability reporting, we have the responsibility to read this other information and consider whether this other information is materially inconsistent with the sustainability reporting or with our knowledge obtained during our limited assurance engagement or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that a material misstatement of this other information exists, we are required to report that fact. We have nothing to report in this context.

D. Responsibilities of the Legal representatives and the Supervisory board

The Legal representatives are responsible for the preparation of the sustainability reporting, including the development and implementation of the materiality analysis process in accordance with the applicable requirements and standards. This responsibility includes • identifying the actual and potential impacts as well as risks and opportunities relating to sustainability aspects and assessing the materiality of these impacts, risks and opportunities, • the preparation of the sustainability report in compliance with the requirements of Art. 29a of Directive 2013/34/EC, including compliance with the ESRS, and • designing, implementing and maintaining internal controls that the legal representatives deem relevant to enable the preparation of sustainability reporting that is free from material misstatement, whether due to fraud or error, and to enable the implementation of the materiality analysis process in accordance with the requirements of the ESRS. This responsibility also includes the selection and application of appropriate methods for sustainability reporting as well as making assumptions and estimates for individual sustainability disclosures that are reasonable under the given circumstances.

The Supervisory board is responsible for overseeing the materiality analysis process and the preparation of the sustainability reporting.

Sustainability Report 2024 pewag austria GmbH

E. Inherent limitations in the preparation of sustainability reporting

When reporting on forward-looking information, the company is required to prepare such forward-looking information on the basis of disclosed assumptions about events that may occur in the future and possible future actions of the Group. Deviations are likely to occur, as expected events often do not occur as assumed.

F. Responsibilities of the auditor of the consolidated sustainability reporting

Our objectives are to plan and perform the assurance engagement to obtain limited assurance about whether the sustainability reporting, including the materiality analysis procedure presented therein, is free from material misstatement, whether due to fraud or error, and to issue a report that includes our summary conclusion. Misstatements may result from fraud or error and are considered material if, individually or collectively, they could reasonably be expected to influence the decisions of users made on the basis of the sustainability reporting.

Throughout the limited assurance engagement, we exercise professional judgment and maintain professional skepticism.

Our responsibilities include • performing risk-based audit procedures, including obtaining an understanding of internal controls relevant to the engagement, in order to identify disclosures that are likely to contain material misstatements, whether due to fraud or error, however not for the purpose of expressing a summary conclusion on the effectiveness of the Group’s internal controls; and • designing and performing audit procedures related to disclosures in the sustainability reporting disclosures that are likely to contain material misstatements. The risk of not detecting material misstatements resulting from fraud is higher than for those resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls.

G. Summary of work performed

An assurance engagement to obtain limited assurance report requires performing procedures to obtain evidence about the sustainability reporting. The nature, timing and extent of the selected assurance procedures depend on professional judgment, including the identification of disclosures in the sustainability reporting where material misstatements may occur, whether due to fraud or error.

In performing our limited assurance engagement on the sustainability reporting, we proceed as follows: • We gain an understanding of the company’s procedures relevant to the preparation of the sustainability reporting.

• We assess whether all relevant information identified through the materiality analysis process has been included in the sustainability reporting.

• We assess whether the structure and presentation of the sustainability reporting are in accordance with the ESRS. • We conduct inquiries of relevant personnel and perform analytical procedures on selected disclosures in the sustainability reporting.

• We perform sample-based, result-oriented audit procedures on selected disclosures in the sustainability reporting.

• We reconcile selected disclosures in the sustainability reporting with the corresponding disclosures in the consolidated financial statements and the other sections of the group management report.

• We obtain evidence about the methods used for developing estimates and forward-looking information.

H. Limitation of liability and publication

The limited assurance engagement on the sustainability reporting is a voluntary assurance engagement.

We issue this assurance report on the basis of the audit engagement contract concluded with the client, which is also subject to the attached General Conditions of Contract for the Public Accounting Professions (AAB 2018) and is effective visà-vis third parties.

With regard to our responsibility and liability arising from this engagement, Section 7 of the AAB 2018 applies.

The assurance report on the audit engagement may only be made available to third parties together with the consolidated sustainability reporting and only in its complete and unabridged form.

I. Auditor responsible for the engagement

The auditor responsible for the assurance engagement of the sustainability reporting is Mag. Paola Strozzi.

Klagenfurt am Wörthersee, May 28, 2025

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pewag austria GmbH A-8041 Graz, Gaslaternenweg 4, Phone: +43 (0) 50 50 11-0, office@pewag.com, www.pewag.com