As part of the Paris Agreement's goal of limiting temperature rise to 1.5 °C, Beijer Ref has set targets for 2030:

• 42% reduction in Scope 1 & 2 emissions (Scope 1 & 2)
• 25% reduction in Scope 3 emissions (Scope 3)

These targets have been adopted under the Science Based Targets initiative (SBTi) methodology.

In 2023, Beijer Ref's total carbon footprint decreased by 5%, mainly due to:

• switching to alternative (natural) refrigerants;
• replacing old, energy-intensive equipment with more energy-efficient solutions.

"Beijer Ref Scope 1 and 2 emissions decreased by 4% (excluding the 2022 leakage incident). This has been achieved through increased focus:

• direct emissions from the transport fleet and fossil fuel heating of buildings, and indirect emissions from the use of electricity for lighting, heating, cooling and district heating services.

More than 99% of Beijer Ref's emissions are Scope 3 emissions, which mainly come from the installation and use of the equipment. "Beijer Ref reduces these emissions:

• educating customers and installers;
• offering cooling solutions and heat pumps with lower GWP (Global Warming Potential);
• promoting the correct disposal of refrigerants at the end of their life cycle;
• investing in even greener solutions.

"Beijer Ref is actively contributing to the global reduction of CO₂ emissions and the transition towards a climate-neutral future.

Beijer Ref aims to reduce its climate impact, maintain high standards of business ethics and promote a safe and inclusive working environment. The Group is actively pursuing these objectives and the Board has set clear sustainability targets as part of its management incentive programme.

Beijer Ref's sustainability strategy is based on the Group's history, vision, business concept and values. The business actively contributes to several of the 17 global goals set out in the 2030 Agenda. Of particular relevance to the Group's business are the goals relating to the five priority areas in which Beijer Ref's sustainability work is carried out. People and talent management.

• We provide information and organise activities to increase women's representation in leadership positions and positively impact diversity at all levels. Responsible supply chain
• Health and safety and good working conditions are priority areas. We set requirements for suppliers through our Code of Conduct. We take responsibility for our customers' working environment through quality products and clear installation instructions. Green products
• The Group shares its knowledge of environmentally friendly refrigerants with customers and suppliers. We dedicate resources to educate our customers, suppliers and employees about environmentally friendly refrigeration technologies to promote this change. Reducing our greenhouse gas footprint
• Beijer Ref is actively working to reduce its own and the industry's impact on the climate. By developing and manufacturing refrigeration technologies that use natural refrigerants, it contributes to the reduction of environmentally harmful HFC emissions. Ethical operating principles
• The business is conducted with high ethical and moral standards and has a zero tolerance policy for bribery and unethical behaviour. Ethical guidelines have been developed and are to be followed by all employees. All employees are required to complete our business ethics training programme.