DSB

DSB is an independent public institution owned by the Danish State. DSB is managed by a Board of Directors composed of representatives appointed by the Danish Ministry of Transport and employee representatives. The Board of Directors is responsible for the overall management of DSB and for ensuring that DSB's activities are conducted in accordance with the purpose, strategy and the financial and operating targets laid down by the owner. The Board of Directors appoints the Executive Management and defines the framework for the Executive Management's work. The Board of Directors meets at least six times a year.

Our purpose is: A sustainable way forward with room for all of us. Guided by this phrase, we seek to add value for our customers as well as for Denmark at large. In other words, we proactively live up to our corporate social responsibility. Sustainability is a central part of our strategy and day-to-day operations. We are actively working to reduce our environmental footprint through investments in energy-efficient electric trains and in endeavours to minimise the use of resources. DSB is committed to attracting and retaining dedicated, competent and highly qualified employees who help ensure that we achieve our strategic goals. DSB is Denmark's largest provider of public transport and owned by the people of Denmark through the Ministry of Transport's ownership. In pursuing our business activities, DSB collaborates with various stakeholders, including our customers and local communities, NGOs, disability organisations, suppliers, business partners and other public transport market players. Our strategy is Market-oriented DSB. This implies that we must be 'As attractive to our customers and as competitive and sustainable as the best operators in Europe'. Our strategy unfolds in three areas: • Attract more customers and improve customer satisfaction • Deliver a competitive and sustainable DSB • Develop employees and corporate culture. DSB's business model is built around the ambition to provide a seamless travel experience for customers. The timetable has been prepared to support growth and deliver the best possible customer experience with the available railway infrastructure. DSB operates train services on infrastructure that is owned and managed by Banedanmark and Sund & Bælt, among others. DSB manages and develops almost 200 stations across Denmark. DSB Service & Retail operates 61 7-Eleven stores at our stations. DSB enters into joint venture partnerships for the development of sites to the benefit of urban regeneration.

In pursuing our business activities, DSB collaborates with various stakeholders, including our customers and local communities (for instance in the form of meetings with commuter clubs and an annual commuter rally), NGOs, disability organisations, suppliers, business partners (for instance Banedanmark as regards the common traffic information) and other public transport market players. We involve local communities in and around the station improvements. In connection with our major civil engineering and construction projects, we minimise the risks of nature and biodiversity impacts through engagement of local communities in the form of public meetings and collaboration with the authorities on EIA processes and local development plans.

Due to direct and indirect emissions from our energy consumption for traction and non-traction operations, we have a material climate impact. Most of our overall climate impact comes from our value chain (Scope 3), while primary cause our direct emissions is the use of our diesel-powered trains. Air pollution has an impact on the surrounding environment that derives from our train operations across the country. The direct impact is local and consists primarily of ultrafine and fine particulate matter connected with the burning of diesel for traction operations. DSB impacts biodiversity and ecosystems directly as well as indirectly. Our direct impacts arise from the fact that we carry on our activities in areas with a share of potentially valuable nature, which impacts local flora and fauna. The indirect impacts arise through the purchase of goods and services in our value chain. Climate change presents DSB with the greatest challenges when it affects the use of traffic infrastructure. Storms, capable of resulting in fallen overhead lines and trees blocking tracks, are the most frequent cause of disruption to services in Denmark. The more severe weather conditions caused by climate change are also expected to increasingly cause disruption to train operations.

DSB has carried out the first-time implementation of s. 99a of the Danish Financial Statements Act in relation to compliance with the ESRS. The sustainability reporting is based on our double materiality assessment (DMA) assessed for our own operations and DSB's value chain. All topics dealt with in the environment, social and governance sections have been assessed as material in our double materiality assessment. The data points presented for material topics have been selected in accordance with the disclosure requirements related to the specific sustainability matters in the corresponding topical ESRS.