Fiven Annual Report 2022 Fiven website (www.fiven.com/company-information/investor-relations/reports) by end of March 2023. Fiven entered this sustainability Link Bond financing in 2021 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. The Group objective is to reduce CO2 emissions by 9 percent, SO2 emissions by 15 percent and water withdrawal by 10 percent within 2025. Irrespective of the place where Fiven operates the Group considers the environmental and social issues of local communities. The presence in a community must foster local, inclusive and sustainable value creation. In this respect, this year, for example, the Brazilian entity supported different local associations in offering food parcels to disadvantage families, the HSE manager sensibilized children from Barbacena Public School to water conservation, a theatre play was held where 1000 kids from Barbacena could enjoy the show, the company actively participated to the Pink October to raise awareness on the early detection of the breast cancer. Fiven Norge entity supported a local sportive association and a local association helping youth in difficulties. Business Ethics and anti-corruption Fiven is aware that company decisions and actions may have a repercussion on society. The general rule of Fiven is that all parties shall comply with national and all other applicable laws, prevailing industry standards and other requirements to which company subscribes. When laws and industry standards address the same issues, the most favourable provision shall apply to Fiven people. In 2022, Fiven implemented its Company Code of Conduct. This document lays out the Group’s principles, standards, and the moral and ethical expectations that employees and third parties are held to as they interact with the organization. A whistleblowing line, called Fiven Integrity line, allowing Fiven Board of Director’s to be warned about any potential business ethics breach, has been deployed within all Fiven entities. As of today, no warning has been reported through the Integrity line. End of 2022, Fiven implemented its corporate Supplier Code of Conduct towards all suppliers. Following new legal requirements, Fiven will publish a due diligence report on suppliers’ transparency and work on fundamental human rights and decent working conditions (Transparency Act). The report will be released on the Fiven Website www.fiven.com/company-information/investor-relations/ reports by end of June 2023. People Fiven believes in equal treatment of people in respect of ethnicity, religion, belief, disabilities sexual orientation, gender identity and gender expression and the Group recognizes and respects the uniqueness of everybody working in Fiven. At year end, the number of full-time equivalents (FTEs) were 428 compared to 463 end of 2021. In 2022, some departures mainly in production department occurred in Fiven Norge and economical furlough was applied in Fiven Belgium. Fiven management works to extend the share of women into various positions. The population of women was stable in 2022 compared to 2021 and represent 12.7 percent of the total FTE at year end. In the board of Directors and the senior management team, the female share at the end of 2022 represented respectively 67 percent (2021: 50 percent) and 33 percent end (2021: 33 percent) Health, Safety and Environment The company has implemented EHS prevention programs and procedures to mitigate inherent risks of the Acheson process as well as risks associated with silicon carbide processing. The Group is following several KPIs on a monthly basis. In 2022, it was the first year non lost time accidents was reported zero within all Fiven entities, therefore the TF1 (defined as the number of lost time accidents divided by the working hours multiplied by 1000000) was at 0 compared to 1.9 in 2021. The TF2, which is the frequency rate of lost time accident and non-lost time accident (defined as the sum of lost time accidents and non-lost time accidents divided by the working hours multiplied by 1000000) increased to 2.6 compared to 1.9 in 2021. This represents 3 non lost time accidents compared to 2 lost time accident in 2021. The Group target keeps on going for zero accidents. In August 2022, Fiven entity in Belgium reached five years without lost time and non-lost time accident. In November 2022, Fiven Brazil reached one year without lost time and non-lost time accident. In 2022, Fiven performed in Fiven Brazil and Fiven Norge, Lillesand plant, an audit of the ‘Fiven Roadmap’ which includes 29 standards that should be applied in all Fiven plants. Fiven Brazil has reached the Label Level which means they reach minimum 80% for the safety standards that are specific to silicon carbide production and minimum 90% for the standards called the ‘Fiven Stars’ which are permits to work, subcontractors, working at height, log out tag out and machine guarding standards. The short-term sickness rate for the period showed 3.5 percent compared to 2.7 percent in 2021, the increase in the short-term absenteeism is mainly linked to normal life return after the pandemic. Board of Directors’ Report 23
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