E5 – Resource Use and Circular Economy

Policies related to resource use and circular economy We offer circular solutions - We want to provide our customers with an increasingly circular experience. This means designing our products to extend their lifespan and offering 'as-a-service' models that eliminate the need for ownership. Our aim is to retain the highest utility and value of our products and components for as long as possible. Additionally, we aim to reduce our own company waste and recycle remaining waste as much as possible. We develop more sustainable products - We are dedicated to developing more sustainable products, considering the environmental impact at every stage of the lifecycle. Our ecoscoring methodology evaluates key areas – Energy, Materials, Packaging & Logistics, and End-of-life – to ensure our products meet the highest environmental standards.

Policies related to resource use and circular economy described on pages 80-86. GN focuses on sustainable design developing product designs that impact the experience of products, not the environment. This includes moving towards recycled materials in products and supporting the transition to a circular economy. Product design considerations include minimizing environmental impact and supporting circular economy principles.

RSG's policies on resource use and circular economy date back to 2016 as an early adopter of circular economy principles. The company operates to preserve natural resources and derivative materials, remaining within planetary boundaries. Policies focus on the shift from linear to circular economy as fundamental to quality of life for current and future generations. RSG recognises that materials used in production, products and services, as well as waste streams, are part of Scope 3 emissions, with circularity and CO2e reduction being interlinked. The circular economy approach where resources remain valuable and in use for longer significantly reduces need for virgin natural resources and fossil fuels. RSG engages partners and suppliers to consider circular principles in design, material use and consumption, supported by CSRD-driven conversations and data exchange with stakeholders.

Policies related to resource use and circular economy - During the current strategy period, we have expanded our offerings with products that can help our customers adapt to climate change, while maintaining our focus on minimising the use of resources in the claims handling process. Tryg will develop and expand practices for repairs and the recycling of materials through close collaboration with suppliers.

Actions related to resource use and circular economy described on pages 80-86. GN implements actions including: Development of products with longer lifecycles; Use of recycled materials where possible; Design for repairability and recyclability; Optimization of packaging; Supply chain efficiency improvements to reduce waste.

RSG has implemented numerous actions and allocated resources for circular economy initiatives. The company started construction of the almost fully circular security checkpoint Doorlaatpost 90, built by placing existing structures in new positions and using materials from demolished buildings. A new food and beverage covenant with Schiphol concessionaires was established in 2024, engaging retail partners in circularity ambitions and setting targets to decrease environmental footprint of food and beverage items. Together with partners, RSG plans to expand plant-based food options and reduce packaging waste. The company collaborates with other airports to discuss metrics that best reflect progress towards zero-waste ambitions. Various measures have been planned with partners to improve the quality of separated residual streams. RSG incorporates circular principles into construction projects and procurement processes.

Actions and resources related to resource use and circular economy - A large part of Tryg's carbon emissions stem from the handling of approximately 2.2 million annual claims, and in 2024 Tryg is pleased to have reduced CO2e emissions of 27,825 tonnes in claims handling. The fulfilment of this target was made possible through several initiatives for increasing repairs and the use of reused materials in claims handling. Tryg will develop and expand practices for repairs and the recycling of materials through close collaboration with suppliers.

In relation to the company's waste footprint, Hydro aims to eliminate the need for new bauxite residue storage areas by 2050 and to eliminate the landfilling of all other recoverable waste streams by 2040. This includes spent pot lining, which also has an interim 2030 target to reduce landfilling to below 35 percent. Hydro has an 850-1,200 kilotonnes target for post-consumer scrap recycling capacity by 2030.

RSG has established targets for resource use and circular economy. The company aims for zero waste and focuses on total waste reduction, waste per passenger reduction, and improved separation rates for operational residual streams. For Amsterdam Airport Schiphol, total waste was 7.5% lower in 2024 compared to 2023, with waste per passenger reaching 0.18 kg (down from 0.2 kg in 2023). The company targets increasing the separation rate of operational residual streams, expecting improvement in 2025 through planned measures with partners. RSG aims to improve quality of separated residuals and advance towards circular principles across operations. The updated corporate strategy will incorporate insights on metrics that best reflect progress towards zero-waste ambitions.

Targets related to resource use and circular economy - Tryg has set targets for sustainability and ESG defined as key enablers to support Tryg's 2027 strategy. Tryg has set a target of reducing CO2e emissions by 6% per average claim by 2027 compared to 2024, which includes focus on circular practices in claims handling.

We are committed to creating zero-waste wind turbines by 2040. Through our industry-leading Circularity Roadmap, we have outlined our pathway and interim targets towards this goal, one of which is to improve our material efficiency rate to 0.2 tonnes of waste per MW produced and shipped by 2030. Increase material efficiency rate to 1.2 by 2025 and to 0.2 by 2030. Increase rate of refurbished component utilisation to 55% by 2030.

Our commitment to delivering life-changing medicines to millions of people worldwide compels us to responsibly manage our use of water, energy and resources. To this end, we are targeting a 30% reduction in the amount of plastic used per patient by 2033, underpinned by the adoption of a reduce, change and avoid approach across our diabetes and obesity portfolio. We aim to achieve this by transitioning from disposable to reuseable devices and by developing new medicines designed to be administered less frequently. In addition, we are scaling up our ReMed™ device take-back scheme to avoid plastic waste ending up in landfills.

RSG monitors resource inflows including materials for construction projects, retail and F&B operations, and general airport operations. The value chain analysis identifies upstream activities including extracting, manufacturing and delivery of construction materials for the CAPEX portfolio, materials for retailers and F&B stores, and goods for terminal use. Resource inflows include materials for infrastructure development, commercial operations, and operational requirements. The company works to optimise resource use and promote circular principles in procurement and supply chain management. Resource inflow monitoring supports circular economy objectives and waste reduction targets.

Chemical recycling: 62% Recovery of selected organic solvents used in chemical production, compared to 59% in 2023.

Hydro targets 850-1200 thousand tonnes of post-consumer scrap (PCS) recycling capacity by 2030. In 2024, Hydro increased its recycling capacity to 700 thousand tonnes, driven by opening new recycling facilities in Høyanger, Norway, and Szekesfehervar, Hungary. In total, Hydro recycled 451 thousand tonnes of post-consumer aluminium scrap in 2024, an increase of 2 percent from 2023. Hydro aims to eliminate landfill of all recoverable waste by 2040, and to landfill less than 35 percent of spent pot linings (SPL) by 2030. In 2024, Hydro landfilled 19 percent of its waste and 43 percent of its SPL.

Plastic footprint per patient, kg/patient/year. 2024: 0.35. 2033 target: -30% to 0.25. We are targeting a 30% reduction in the amount of plastic used per patient by 2033. ReMed™ is built on the success of our local take-back pilot programmes, enabling pen users to return their used devices to give the plastic a new life. Four years on, and more than four million returned pens since the launch of the first pilot, the scheme is now active in seven key markets – including Denmark, where we collaborate with other healthcare companies to offer a unique industry-wide solution.

RSG monitors and manages resource outflows including waste streams from various airport operations. Total waste at Amsterdam Airport Schiphol was 7.5% lower in 2024 compared to 2023. The separation rate for operational residual streams was 33.7% in 2024, lower than 2023 due to exclusion of post-separation on site and inclusion of construction residuals from small terminal projects. Construction residuals, retail and F&B waste, and passenger-generated waste constitute major outflow categories. The company reports on separation at source and works with partners to improve residual stream quality. Resource outflows are managed according to waste hierarchy principles, with focus on reduction, reuse, and recycling before disposal.

Our commitment to circularity involves reducing, reusing, and recycling materials in both production and consumption. We integrate circularity into our product development and collaborate with customers and partners to promote product recycling. By the end of 2024, 94% of our products were technically recyclable. We support the cascading use of wood, which means that all parts of harvested trees, forestry residuals, and industrial side streams are used in the most efficient way. Our biological assets, primarily standing trees, serve as raw materials for pulp and mechanical wood production, while wood residues are used as biofuels, mainly in our own operations.

Volume of waste from own operations (1,000 t): 44 in 2024, 44 in 2023. Of which collected for recycling (1,000 t): 30 in 2024, 30 in 2023. Material efficiency (tonnes of waste excl. recycled per MW produced and shipped): 1.0 in 2024, 1.2 in 2023. Materials recycled (%): 68 in 2024, 68 in 2023.