Fiven Annual Report 2021

Fiven Annual Report 2021 • Carbon footprint analysis and define action Plan on Sc. 3 • Project to capture emissions in Brazil • Project to capture CO2 in Norway • Roadmap Revision process to ensure LT target Environment To create a stronger link between our operations and how they affect the environment that we operate in, and also to better align the objectives of our Environmental Roadmap with Fiven’s financing strategy, in 2021, Fiven has entered into a Sustainability Linked Bond financing. This means we have linked our financing to the improvement of environmental indicators, critical for our industry, over the next years. These indicators are CO2 and SO2 emissions (expressed in tons of silicon carbide produced), and volume of water withdrawals (in absolute value). Our objective is to reduce these emissions by respectively 9%, 15 % and 10 % by 2025. As per our HSE policies: ‘Our ambition is to turn Fiven into a green SiC company ’ To realize this transformation, the only acceptable long term target is to achieve ‘Net Zero Emission’ 1 by 2050. 1 Net zero emissions means that all man-​made greenhouse gas emissions must be removed from the atmosphere through reduction measures, thus reducing the Earth’s net climate balance, after removal via natural and artificial sink / Fiven has the ambitions to work all on their emissions to air not limiting the GHG 3 approaches to achieve this target Eliminating emissions • Scope: 1 & 2 2 • Measure Emissions • Set up Target & Roadmap • Implement Action Plan • Projects to use biocarbon sources • Projects to capture emissions in Norway (semi-closing + CO2 capture technology investigation) • Circular Economy Concept: Intensify Recycling • Waste & Water Management Corporate Policy • Scope: 1,2,3 2 • Air: – 20% • Water: - 20% • Waste: - 30% • Scope: 1 & 2 2 • Air: - 9% • Water: - 10% • Waste: -15% • NET ZERO EMISSIONS • All emissions from Furnaces captured • CO2 emissions captured • All remaining waste is recycled Balancing emissions with removals (air capture) Balancing emissions with emissions avoided through the product Targets Actions 2 Scope 1,2,3 defined by the GHG Protocol: Scope 1 = direct emissions / Scope 2 = indirect emissions ( = Energy used) / Scope 3 = All indirect emissions ( i.e travel, transportation, lease equipment, …) 2050 2030 2025 2020 16 Corporate Social Responsibility

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