Performance Report 2022 What. Products We. People Do. Operations & Value. Governance GRI Content Index CEO Editorial Multidimensional positive impact scope and scale of our innovation, we are building a new Sustainable Innovation Centre in the UK to help unlock 2022 was an important year for our sustainability work. the potential of more sustainable coil coating technologies. We have been taking big steps and made progress towards Innovation and new solutions in sustainability are key our 2030 Sustainability Goals thanks to the passion of the for Beckers to lead the transformation in coil coatings. We GRI 2 – 22 Dear Stakeholders Beckers people. This sustainability report is a testament continuously challenge ourselves to rethink what we do, to that and includes a lot of significant concrete actions, not just when it comes to R&D and our formulations, but which are articulated around our three pillars: people, in how we work with suppliers, how we design our own While 2022 was definitely a challenging products and operations with impact. processes and how we can optimize our customers’ year, at Beckers we look forward with processes. I am incredibly grateful for our employees and confidence that is based on the passion of We brought the world’s first ultraviolet and electron-beam partners who are with us on this journey! our people, our strong business strategy paint to the market, reduced our energy use by 12 percent and value-adding products combined with and reached our 2030 Goal of 70 percent renewable electricity. Our Beckers Sustainability Index, a transparent Value creation through sustainable actions our commitment to sustainable innovation. product classification tool that maps and measures full systems’ sustainability, has been assessed and its In 2023 we started to evaluate Beckers’ performance The Russian war against Ukraine and the ongoing functionality confirmed by an independent auditor. It with a new value creation model which has been developed COVID-19 pandemic impacted companies, the economy, classifies the sustainable impact of coating systems along by Lindéngruppen, our parent company. We will include and society in an already challenging macro environment both material and functional dimensions and shows us how economic, environmental and social considerations together in 2022. Our business, like others, was affected severely sustainable a certain product is. We continued our efforts in our value creation and measure our performance with it. by raw material shortages, price volatility, disrupted supply for diversity, equity and inclusion and pushed for that By doing this, we promote accountability and transparency chains, and record high energy prices. The rapid rise and through our allyship initiative, our care for safety and our in what we do on sustainability, and we send a strong further risk of inflation exacerbated the uncertainty of mental health programs. These are only a few of the message to our employees and customers: Beckers wants increasing costs. All of this affected our results, but we numerous examples of Beckers’ commitment to set an to make coatings a force for good at every touchpoint! found answers, weathered these challenges and continue example! our path to becoming a sustainable business. We have high expectations for our core strategic segment coil coatings. We believe that coil coatings offer plenty of “Sustainability is our business. We believe headroom for growth, and this is where we want to build in creating a positive impact through market leadership with innovation and new solutions intentional actions and have thus redefined in sustainability. In our industrial coatings segment we will the meaning of value creation, focusing focus specifically on the strategic development of the on generating profits via a positive impact Christophe Sabas agricultural, construction and earth-moving equipment CEO business. on the environment and society.” Berlin, Germany, May 2023 We continue to contribute to decarbonization by transforming our product portfolio, and collaborate with our customers and suppliers to drive our products, people and processes for positive change. To accelerate the 3 CEO Editorial