AMAG Austria Metall

The role of administrative, management and supervisory bodies

Sustainability is an elementary component of AMAG's corporate self-image. The transfer of strategic objectives into corporate processes is ensured through the involvement of numerous specialised departments and is integrated with targets and metrics across all areas of the company.

SUPERVISORY BOARD: As the highest supervisory body, the Supervisory Board of Austria Metall AG fulfils its duties with regard to economic, environmental and social responsibility and thus all ESG areas of the company. In 2024, the Supervisory Board consisted of ten members (nine men, one woman) and met five times. The Supervisory Board has exclusively a supervisory function and no executive responsibility. All ten members consider themselves to be independent in accordance with the criteria defined in the Austrian Code of Corporate Governance (Appendix 1). Five members were delegated by the Works Council to represent employee concerns. The Supervisory Board forms the following committees from among its members:

› Audit Committee › Nomination Committee › Strategy Committee › Remuneration Committee › committee for urgent matters › ESG Committee

ESG COMMITTEE: The Supervisory Board is supported in sustainability aspects in particular by the ESG Committee, which was established for the first time in 2023. Its task is to monitor the establishment and effectiveness of processes for the implementation and assessment of non-financial statement in accordance with the applicable EU Directive (No. 2022/2464 - CSRD) and other applicable provisions (including Austrian implementing legislation) and to report on this to the Audit Committee and the full Supervisory Board. Since the ESRS came into force, the ESG Committee has had the task of supporting the Audit Committee in its audit duties with regard to non-financial statement and in carrying out the procedure for selecting the external auditor. It also supports and advises on ESG issues at the request of the full Supervisory Board or one of its committees, such as the Remuneration Committee in preparing the setting of ESG targets for Executive Board remuneration or the Strategy Committee in linking ESG and corporate strategy. The ESG Committee meets twice a year as budgeted. In terms of its coordinating tasks, the Chairman of the Supervisory Board or a member of the Audit Committee are also members of the ESG Committee. The ESG Committee may not be chaired by anyone who has been a member of the Executive Board, a senior manager within the meaning of Section 80 AktG or an external auditor of non-financial statement in the last three years, or who has signed the audit certificate or is not impartial or independent for other reasons.

MANAGEMENT BOARD: In 2024, the Management Board consisted of three executive members (two men, one woman) with the functions of CEO/COO, CFO and CSO. The Management Board defines the long-term direction of AMAG's sustainability strategy - it is thus responsible for monitoring the impacts, risks and opportunities, implementing the sustainability targets set out in the sustainability programme and transferred to the management structure with clearly defined areas of responsibility, and ultimately also for reporting on the programme and the defined targets. The Management Board has broad expertise in ESG issues and covers the same areas of competence as those defined for the Supervisory Board. It is regularly informed about ESG topics by the internal departments and external experts (e.g. via AMAG's Scientific and Technological Advisory Board) in order to be able to react to future regulatory requirements in a well-founded and forward-looking manner. The members of the Management Board receive regular training on ESG topics, are in constant dialogue with stakeholders and take part in meetings of associations and ESG-relevant working groups. In 2024, the Management Board addressed all material impacts, risks and opportunities that form the basis of this non-financial statement.

MANAGEMENT SYSTEMS AND SUSTAINABILITY DEPARTMENT: The Management Systems department coordinates sustainability management and reports directly to the Management Board, which in turn informs the Supervisory Board at regular intervals. The Sustainability department is located in the Management Systems department. Here, in close cooperation with all of AMAG's specialist departments, data is collected, measures are defined and monitored for compliance, and new targets are identified. Material sustainability aspects are identified by conducting a double materiality assessment, which in turn forms the basis for non-financial statement. In addition, the Management Systems department reports on current trends and issues, prepares reports to track sustainability targets and is responsible for participation in ESG ratings.

SUSTAINABILITY COMMITTEE: The Sustainability Committee, which consists of the Management Board, the managing directors and department heads and meets once a year, evaluates sustainability performance to date. In addition, measures from the AMAG sustainability programme are reviewed for their degree of target achievement and adjusted if necessary, and new targets are set for subsequent years. The responsible departments ensure that the sustainability topics are continuously implemented as part of day-to-day business and in the course of projects and research initiatives.

ESG CONCEPTS AND RESPONSIBILITIES: Specific responsibilities and areas of responsibility regarding ESG, which the Management Board delegates to specialised departments, are generally defined in guidelines, procedures and work instructions. All relevant ESG concepts are described in the respective topic sections.

Information provided to and sustainability matters addressed by the administrative, management and supervisory bodies

Expertise that is central to AMAG in terms of holistic sustainability was surveyed in 2024 by means of a questionnaire of Supervisory Board members. All specialist areas (sector-, product-, market- and sustainability-specific) as well as specific topic knowledge (including circular economy, renewable raw materials and energy sources, recycling, biodiversity, water and waste management, fair labour practices, diversity, equality and inclusion, information security) are covered by the composition of the Supervisory Board. In addition, it is informed at Supervisory Board meetings about ongoing sustainability activities in relation to material impacts, risks and opportunities as well as significant regulatory framework conditions and changes. In special cases, the Supervisory Board is also informed directly. In 2024, the Supervisory Board dealt with the following topics relating to sustainability, among others:

› Decarbonisation (strategy and measures, associated risks and opportunities) › Climate protection › Sustainable aluminium value chain › Green energy supply › (New) legal framework conditions, for example with regard to energy and emissions, status of implementation at AMAG › Product-specific opportunities and challenges (including CO2-optimised aluminium) › Non-financial statement › Diversity, equal treatment and inclusion

The Management Board has broad expertise in ESG issues and covers the same areas of competence as those defined for the Supervisory Board. It is regularly informed about ESG topics by the internal departments and external experts (e.g. via AMAG's Scientific and Technological Advisory Board) in order to be able to react to future regulatory requirements in a well-founded and forward-looking manner. The members of the Management Board receive regular training on ESG topics, are in constant dialogue with stakeholders and take part in meetings of associations and ESG-relevant working groups. In 2024, the Management Board addressed all material impacts, risks and opportunities that form the basis of this non-financial statement.

Integration of sustainability-related performance in incentive schemes

The principles that are applied in determining the remuneration of AMAG's Management Board and Supervisory Board are set out in AMAG's remuneration policy. The primary aim of the remuneration policy is to promote long-term and sustainable corporate development. In 2022, the principles of the remuneration policy were adjusted and it was decided at the Annual General Meeting that - in addition to the existing criteria for the long-term variable performance bonus (LTI) - remuneration would be linked to two to four sustainability targets from a predefined catalogue of criteria. The LTI is a multi-year, performance-related remuneration that is intended to have a long-term incentivising effect. The LTI is granted on a rolling basis, i.e. in annual tranches, each with a three-year assessment period. For the 2024 LTI tranche (assessment period: 2023-2025), targets were set for specific CO2 emissions (Scope 1 and 2) and the occupational safety indicator TRIFR (Total Recordable Injury Frequency Rate), in each case in relation to the Ranshofen site. A total of 20% of the LTI is allocated to sustainability targets. The amount of the LTI depends on the degree of target achievement. The final entitlements are only determined at the end of the last year of the assessment period of the respective LTI tranche. The ESG key figures relevant to remuneration for the 2024 financial year were audited by Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. with reasonable assurance. The Remuneration Committee of the Supervisory Board is responsible for preparing, regularly reviewing and monitoring the implementation of the remuneration policy for the Management Board. The final determination of the remuneration policy is the responsibility of the full Supervisory Board.

The remuneration report provides a detailed description of the remuneration system and an overview of the remuneration promised and granted to current and former members of the Management Board and Supervisory Board in the financial year, including all types of benefits. Further information is available in the report, which is published with the information on the Annual General Meeting on the AMAG website.

Statement on due diligence

AMAG's due diligence process essentially comprises six steps, which are outlined below.

1. DUE DILIGENCE: The processes implemented to fulfil due diligence in the areas of the environment, human and social rights and corruption prevention are based on applicable laws, internationally recognised standards and voluntary commitments. In order to identify, prevent and end negative impacts from its own business activities or along the supply chain as effectively as possible, AMAG has certified management systems focusing on occupational safety, quality, the environment and energy, as well as a comprehensive risk management and internal control system. AMAG is also in regular dialogue with both external and internal stakeholders and their representatives and provides transparent information.

The aim is to demand respect for human rights, environmental compliance and business integrity both in the company's own business area and along the supply chain, to review these aspects on a risk basis and, in the event of actual or potential negative impacts, to create suitable remedial measures or measures for redress. The due diligence process focussing on the upstream value chain is anchored in the area of responsible procurement management and is continuously developed and adapted as required, for example due to changes in environmental or human rights conditions in countries or regions.

1. DETERMINATION AND ASSESSMENT OF RISKS & IMPACTS: AMAG's ongoing activities are regularly reviewed for the risk of human rights violations, environmental hazards and breaches of business ethics - with the aim of avoiding actual and potential adverse impacts in the course of business activities and along the supply chain. Impacts and risks are analysed from two perspectives: The inside-out perspective is concerned with impacts emanating from the company's business activities and value chain. The outside-in perspective analyses the risks that can have an external impact on business activities and the value chain.

2. HANDLING OF IMPACTS & RISKS: Negative impacts on stakeholders and risks for AMAG are evaluated continuously and as part of the annual sustainability programme or risk management, and concrete concepts and measures are derived from this, or existing ones are adapted. The responsible departments are also defined. If impacts or risks are identified in the supply chain, measures are taken. For example, the Purchasing, Legal and Sustainability departments define suitable action plans in dialogue with suppliers and re-evaluate their implementation after a defined period of time.

3. EFFECTIVENESS MONITORING: The effectiveness of the measures taken is monitored once a year or on a risk basis. The respective departments report the progress and performance of the risk evaluation as well as any potential for optimisation. Based on these reports, the Management Board may specify changes and follow-up measures.

4. REPORTING AND COMMUNICATION: The aim of adhering to environmental compliance, basic human rights principles and fair business practices at AMAG and along the value chain is a key component of the business model and AMAG's annual sustainability programme. Trends, violations and measures are communicated transparently both internally and externally, for example in this report.

5. ENABLING EXCHANGE AND COMPENSATION: AMAG endeavours to eliminate negative impacts caused or contributed to by the company. In order to be able to take effective steps here, dialogue with stakeholders is essential. AMAG offers its stakeholders various options for commenting on negative impacts or the measures taken, including the AMAG Compliance Line, which can be used on the AMAG website - also anonymously.

Due diligence is given special consideration in the following areas:

Core elements of due diligence - Areas in the non-financial statement

DUE DILIGENCE ANCHORING › All ESG areas (each in the Central strategies and concepts section) › particularly in S1 (human rights) and in S2

DETERMINATION & ASSESSMENT OF IMPACTS & RISKS › materiality assessment › Stakeholder management

HANDLING OF IMPACTS & RISKS › All ESG areas (each in the Measures section) › particularly in S1 (human rights) and in S2

EFFECTIVENESS MONITORING › S1 (human rights); S2

REPORTING AND COMMUNICATION › all ESG areas

ENABLING EXCHANGE AND REPARATION › all ESG areas › particularly in S1 (human rights) and in S2 › G1 (whistleblower system)

In addition to the six steps of due diligence, the company's sustainability management is based on the following principles:

› Efficiency: When developing systems, processes and products, attention is paid to resource and energy efficiency and to minimising environmental impact. › Balance: The broad positioning in terms of sectors, products and geographical markets ensures a high degree of balance and stability. Comprehensive sustainability activities in the various divisions ensure that sustainability management functions systematically and is continuously improved. › Materiality: The AMAG Group focuses on the material economic, environmental and social impacts of its business activities and along its supply chain and is in ongoing dialogue with its stakeholders to determine the material issues. › Completeness: The principles of transparency, timeliness and completeness are the top priorities in internal and external corporate communications. AMAG communicates in a timely and comprehensive manner on the key topics of its business activities to relevant stakeholders. › Flexibility: Changes in the economic and social environment as well as new customer and market requirements are seen as opportunities and are met with a high degree of flexibility. › Spirit of innovation: Research into technologically challenging issues, the trend towards marketable applications and the continuous improvement of processes and products are an expression of the AMAG Group's innovative spirit.

Risk management and internal controls over sustainability reporting

Risk management is implemented as an integral component for identifying, assessing and controlling all significant strategic, technical and operational risks and opportunities at AMAG. It makes a significant contribution to the successful implementation of the corporate strategy and the objectives derived from it. Risks are to be recognised at an early stage and proactively managed wherever possible in order to limit or completely avoid potential negative impacts. In addition to mitigating risks, business opportunities should be utilised in a targeted manner. It is crucial to identify scarce resources in order to deploy them proactively, efficiently and effectively and to make timely and risk-oriented decisions on new investments and (business) activities in order to minimise risk. A sufficiently high level of risk awareness at all organisational levels of AMAG is essential for this. AMAG's risk management is based on the "Risk Management" standard (ISO 31000) and the COSO ERM Framework. The risk management guideline for the Ranshofen site and the AMAG components sites (Germany) regulates the efficient and responsible handling of risks and opportunities in order to minimise the legal and economic consequences.

The two pillars of strategic and technical risk and opportunity management are supplemented at an operational level by the derivation of risks and opportunities from maintenance (risk-based maintenance) and technology (assessment of process error risks with an impact on products).

RESPONSIBILITY, TASKS AND INTERNAL COMMUNICATION: The Management Board is responsible for defining AMAG's risk strategy and adopting the risk management programme. This takes place at least once a year as part of risk meetings convened by the Management Board. As a consequence, the Management Board is also responsible for updating and adapting AMAG's risk management system to changing conditions, assumes the tasks of monitoring the overall system, and ensures that risk management is integrated into all activities at AMAG. The Management Board regularly informs the Supervisory Board and the Audit Committee about AMAG's risk situation.

Responsibility for the risks of the AMAG companies lies with the respective management. The risk officers are responsible for the identification, assessment, documentation and, if necessary, monitoring of performance indicators and the definition of early warning signals for risks in their area of responsibility. They obtain information on the respective risk situation and take this into account in their risk reports within their reporting line. Significant new risks and opportunities that arise in the meantime or the significant intensification or improvement of a risk situation are reported directly to the Management Board and the Risk Management department. The latter provides support in assessing the risks and updates the risk management system.

At the end of the year, the implementation of the measures taken for the individual risks is reviewed. At the beginning of the year, the effectiveness of the risk management system is verified externally.

RISK AND OPPORTUNITY ASSESSMENT: The classification and resulting prioritisation of risks is based on the probability of occurrence and the potential impact on EBITDA using a five-point scale. The assessment of financial impacts on EBITDA is based on various risk aspects defined in the guideline, such as sources, affected areas and trends, which are weighed up and evaluated in a professional discourse. To date, opportunities have only been assessed qualitatively in risk management (see materiality assessment).

DOUBLE MATERIALITY ASSESSMENT: In the course of defining the material topics for non-financial statement, a double materiality assessment is carried out. On the one hand, it includes those impacts that emanate from the company or its value chain and can have a positive or negative effect on the corporate environment (inside-out approach). On the other hand, these impacts are - where possible - linked to the risks and opportunities (outside-in) from the existing risk management system. The double materiality assessment can also identify ESG risks and opportunities, especially in the social and human rights area, which are not (yet) mapped in risk management, as their consequences and financial impacts are complex and difficult to capture.

SIGNIFICANT RISKS IN THE ESG SECTOR: Climate-related risks are divided into transitory and physical risks, the latter in turn into acute and chronic risks. The acute and chronic physical risks are derived from data from GeoSphere (Austria's national meteorological and geophysical service) and data from the IPCC (Intergovernmental Panel on Climate Change). Acute physical events that can lead to risks for AMAG include storm damage, high water/flooding, heavy rain, heavy snow and hail. Chronic risks such as long-term climatic changes or threats can in turn increasingly lead to acute physical risks for the company. All types of physical events are monitored and evaluated in AMAG's risk management system. The measures taken are documented and regularly reviewed. In order to manage these risks, comprehensive measures are taken to counteract the progression of climate change. A central step here is decarbonisation, for which AMAG has drawn up a roadmap.

Transitory risks for AMAG can arise from regulatory, legal and technological changes, as well as changes in supply security, among other things. In order to prevent regulatory risks due to changes in climate and environmental protection requirements or energy policy, for example, the legal situation and draft legislation are constantly monitored, and dialogue with stakeholders is stepped up.

In the environmental area, potential risks were also identified as a result of air, water and soil pollution, for example in the form of environmental incidents or non-compliance with regulations and limits, at the sites and along the value chain. A shortage of raw materials and related supply bottlenecks, as well as inadequate or incorrect disposal, can also represent a significant risk for AMAG. Climate and environment-related risks are dealt with outside of risk management in relevant specialist departments (environmental and energy management) and in the environmental management team (see E1 - Management of impacts, risks and opportunities). Climate and environmental risks are also considered in a study on the avoidance of significant adverse impacts in accordance with the EU Taxonomy (Regulation (EU) 2021/2139).

Social and human rights risks and opportunities are also subject to close monitoring. High employee turnover, (cyber) attacks and data protection breaches have been identified as significant potential risks for the AMAG sites (see S1 – Own workforce). To mitigate these risks, concepts and measures are developed and evaluated together with the HR department. Along the supply chain, potential violations of certain human and social rights are defined as risks that are to be largely mitigated or prevented through responsible procurement management (see S2 - Workers in the value chain).

In order to effectively prevent legal and compliance violations, among other things, AMAG has a comprehensive compliance system, which is explained in section G1 - Business conduct. AMAG counters all risks through responsible corporate governance, compliance with all laws and regulations, and transparent communication with all stakeholders. Technology risks can affect various areas, including climate and environmental protection and decarbonisation. In order to develop technologies for climate-neutral aluminium production and ultimately use them on an industrial scale, concrete scientific approaches, long-term stable political framework conditions and targets, investments in research and development and - if implemented - sufficient renewable energy that is available at affordable prices are required. AMAG is already actively working on solutions here. Far-reaching investments are always assessed in terms of key conditions such as security of supply and competitiveness. The framework conditions and various factors are continuously recorded and monitored in risk management. Measures to promote innovation and technology can be found primarily in Section E1 - Climate change and G1 – Business conduct.

The information published in the non-financial statement was subjected to an independent third party audit to obtain limited assurance on the basis of ISAE 3000 (Revised) by Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. More comprehensive audit procedures were performed for the TRIFR (Total Recordable Injury Frequency Rate) and the specific emission indicators with the aim of obtaining reasonable assurance. Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. was also commissioned to audit the consolidated financial statements and management report for 2024. The Management Board instructed the responsible employees in the respective departments to provide the complete and correct documentation and information required for the audit.

Strategy, business model and value chain

ABOUT AMAG

Diversity - whether in terms of products or sustainability - is at the centre of the AMAG Group's business activities and is supported by a unique value chain.

BUSINESS MODEL

AMAG Austria Metall AG produces high-quality semi-finished aluminium products and components as well as primary aluminium. The company uniquely combines the highest product quality, production efficiency, a broad product portfolio with a high share of specialities and the highest level of expertise in aluminium recycling.

The AMAG Group's headquarters are located in Ranshofen, Austria. On the one hand, recycled cast alloys are produced there, which are supplied to the processing industry in the form of ingots and sows, but also in the form of liquid aluminium, and are used in particular for mould casting. High-quality aluminium rolled products in the form of sheets, coils and plates are also produced in Ranshofen. The broad product portfolio includes high-strength materials, tread plates, bright products, brazing sheets, pre-rolled aluminium bands for the packaging industry, precision plates and cathode elements. These products are used in many different industries, such as the aerospace, automotive, mechanical engineering, packaging, electrical, sports and consumer goods industries as well as in the architecture sector.

The rolling slabs required for the manufacture of rolled products are largely produced in the company's own wrought alloy casthouse. The raw material base for the two casthouses consists on average of around 75 to 80% recycled aluminium scrap, which, in addition to the Group's internal cycle, comes in particular from the final production of the processing industry and from products at the end of their life cycle. As aluminium can be recycled infinitely without any loss of quality, aluminium scrap can be reintroduced into the value chain and used to manufacture high-quality aluminium products. Recycling aluminium requires only around 5% of the energy needed to produce primary aluminium.

AMAG is continuously expanding its recycling expertise and can therefore provide customers with innovative products that have an optimised ecological footprint. Rolling and cast products from the AMAG AL4® ever family are particularly noteworthy. In addition to the use of renewable electrical energy and the highest possible proportion of recycled materials, energy and resource efficiency also play an important role in achieving the lowest possible carbon footprint. In 2024, the AMAG AL4® ever portfolio was expanded to include primary aluminium products with a guaranteed low CO2 footprint. The calculation of the product-related CO2 footprint is externally verified in accordance with ISO 14067, whereby the recycled content is defined in accordance with the latest version of ISO 14021 - both recognised and globally valid standards. A certificate guarantees customers the low emission values of AMAG AL4® ever products.

AMAG also holds a 20% stake in the Alouette smelter in Canada, the largest smelter in North and South America. The smelter produces primary aluminium in the form of low-profile sows. Production takes place through the efficient use of electrical energy from hydroelectric power, accompanied by an exemplary environmental balance, especially with regard to CO2 emissions.

Alouette's alumina supply is ensured by the shareholders. The raw material requirements are procured from large mining groups and raw material traders.

At the AMAG components sites in Übersee am Chiemsee and Karlsruhe, special components made of aluminium and carbide (titanium, steel) are manufactured for the international aerospace industry by mechanical processing (e.g. milling and drilling).

CORPORATE STRUCTURE

As the Group holding company, AMAG Austria Metall AG manages its business across the four divisions Metal Division, Casting Division, Rolling Division and Service Division.

Metal Division: The Metal Division includes the 20% stake in the Alouette smelter and is responsible within the AMAG Group for managing metal flows, hedging the operating AMAG companies against aluminium price risk and marketing primary aluminium. The Canadian Alouette smelter is one of the most efficient smelters in the world, with a secure long-term renewable energy supply from hydroelectric power in a politically stable country.

Casting Division: The Casting Division within the AMAG Group includes the production of high-quality recycled casting alloys from aluminium scrap. The product portfolio includes customer-specific aluminium materials in the form of ingots, sows and liquid metal.

Rolling Division: Within the AMAG Group, the Rolling Division is responsible for the production and sale of rolled products (sheets, coils and plates), precision cast plates and precision rolled plates. The rolling mill specialises in premium products for selected product markets. The rolling slab casthouse supplies the rolling mill with rolling slabs with a predominantly very high scrap content and low CO2 intensity. AMAG components is also recognised within the Rolling Division.

Service Division: In addition to Group management, the Service Division includes services such as facility management (building and space management), energy supply, waste disposal and purchasing and materials management. This division thus creates the conditions for the operating segments to concentrate on their core business. The innovative electronic data processing service provider coilDNA is also included in this division.

AMAG'S BUSINESS DIVISIONS AT A GLANCE

External revenue of the AMAG Group in EUR million*

*incl. 20% revenue share of Alouette

Employees

Shipments in tonnes

CURRENT TRENDS AND OUTLOOK

AMAG's strategy is based on the four values of innovation, sustainability, diversity and human touch. They are the pillars of a profitable growth course and the consistent further development of the company. Thanks to the holistic approach to sustainability, the company is also able to navigate through uncertain and price-volatile times in a stable manner and to counter changes. The year 2024 continued to be characterised by global trends and geopolitical conflicts, which clouded the market environment and negatively affected demand for aluminium products in certain industrial sectors. Nevertheless, the company's broad positioning ensured a solid revenue and performance performance in the 2024 reporting year.

Sustainable corporate success is based in particular on human resources, which must be handled responsibly. AMAG sets targets and defines measures to create conditions that support long-term employee loyalty, recognise and promote development potential, and ensure a safe and healthy working environment. Compliance with labour, human and social rights is monitored both at the production sites and in the supply chain.

Diversity as a core value is reflected both in the diversity of the workforce (see S1 - Diversity and equal opportunities) and in AMAG's broad product portfolio. Around 5,000 different products based on over 200 alloys are the performance of an innovative clout paired with a flexible plant park. Research and development (R&D) activities at the Ranshofen site are a key driver for increasing competitiveness and developing customised solutions. Many of the product innovations - including in particular the AL4® ever product portfolio - directly or indirectly address current and global social and ecological issues such as the scarcity of fossil resources, the circular economy, climate change and mobility. Particular attention is paid to solutions that enable closed-loop concepts with customers and alloy-to-alloy recycling or allow recycling-compatible alloys and crossover alloys, reduce environmental impact (e.g. lightweight components) and offer new and improved application possibilities.

AMAG endeavours to comprehensively meet the growing regulatory requirements and those of its customers as well as internal objectives. This also harbours challenges that need to be met with foresight. For example, AMAG is dependent on economic and political framework conditions for decarbonisation, on the security of supply of energy from renewable sources and on the availability of suitable input materials (including scrap).

AMAG underscores its corporate values with a comprehensive sustainability programme that defines targets based on material impacts, risks and opportunities.

The various thematic sections set out in detail the objectives, concepts and measures as well as performance relating to the key aspects of sustainability.

Responsible aluminium production and processing at AMAG meets the comprehensive requirements of the Aluminium Stewardship Initiative (ASI), which is why AMAG is certified to both standards (ASI Performance and Chain of Custody (CoC) Standard).

AMAG'S VALUE CHAIN

In Ranshofen, AMAG operates one of the most modern aluminium plants in the world. The fully integrated site includes a recycling centre, two casthouses, two hot and two cold rolling mills including finishing lines, as well as a materials research and a testing centre. In addition to primary aluminium, rolling slabs, alloying metals and scrap are purchased as essential raw materials from over 250 suppliers. These suppliers are also evaluated with regard to ESG risks as part of a defined procurement process. Where necessary, measures are taken to contribute to an ecologically sustainable and socially fair supply chain. AMAG recognises its sphere of influence here, particularly with regard to the workforce in the supply chain and the promotion of human, labour and social rights. With regard to impacts, risks and opportunities on the environment (biodiversity and ecosystems) and on affected communities in the supply chain, the company requires suppliers and their supply chain to comply with the same high standards as AMAG in terms of responsible procurement management.

The aluminium semi-finished products produced at the AMAG site in Ranshofen are further processed in various industries, including at AMAG components (Germany) for the production of ready-to-install structural parts and assemblies for the aerospace industry. By recycling production waste and using scrap after product utilisation, the resource conservation cycle is closed at the Ranshofen site.

Due to the predominant production of semi-finished aluminium products, AMAG has hardly any direct relationships with end users. The downstream value chain extends across the industries supplied by AMAG for further processing.

AMAG also holds a 20% interest in the Alouette smelter in Canada, the largest primary aluminium producer in the Americas. This is a strategic investment, as the annual production of over 600,000 tonnes of primary aluminium secures AMAG's supply of raw materials. Thanks to the supply of electrical energy from hydroelectric power and ongoing optimisation of production technology, Alouette has an exceptionally low CO2 footprint by international standards. The fact that Alouette fulfils very high standards in its primary production not only at its own production site, but also in the upstream supply chain, is also confirmed here by certification in accordance with both the ASI Performance Standard and the ASI Chain of Custody Standard. For the Alouette's alumina supply, the Alouette partners agreed to prioritise sourcing from ASI-certified sources. This confirmation of compliance with comprehensive sustainability requirements by the independent ASI institution is a key element in ensuring transparency and quality.

SUSTAINABILITY PROGRAMME 2024

[Detailed sustainability programme table with targets, performance measures and achievements for 2024 across all ESG areas including climate change, pollution, resource use and circular economy, workforce, value chain workers, and business conduct]

Interests and views of stakeholders

It is essential for every company to identify interest groups and understand their different concerns and needs in order to derive potential for optimisation. This requires structured stakeholder management and regular dialogue.

Stakeholders are generally defined as those individuals or groups who have legitimate economic, ecological or social concerns and claims against the company in connection with its (in)direct business activities. AMAG not only has a responsibility to a wide range of stakeholders as a result of its core business - the production of semi-finished aluminium products as an important material for the processing industry - and as a strong company in the Innviertel region, but also as a public limited company.

Stakeholder management is based on the following structural approach:

› Stakeholder mapping › Dialogue and exchange › Evaluation of the feedback and derivation of relevant topics › Identification of impacts, opportunities and risks of the relevant topics › Assessment of impacts, risks and opportunities in the dual materiality assessment › Reporting and communication on material topics

As part of stakeholder management, it is of great importance to AMAG that interest groups are involved in a transparent decision-making process in good time and that satisfactory solutions are found for all parties involved.

A continuous and open dialogue takes place in order to take into account the concerns and expectations of the various stakeholder groups. In addition to the online stakeholder survey accessible to all via the AMAG homepage, a wide variety of dialogue formats such as personal discussions at local, national and international level, participation in committees and associations, topic-related stakeholder events, including at the Ranshofen plant and in the AMAG Forum (Braunau town square), participation in trade fairs and conferences, and communication via social media are used.

The AMAG magazine AluReport, the non-financial statement in the annual report, press releases and publications in regional media provide ongoing information about the AMAG Group's activities. The internal AMAG Connect app is also available to employees to provide an opportunity for dialogue and feedback. More information on employee stakeholder involvement can be found in section S1 – Own workforce.

In order to promote dialogue with employees as an internal stakeholder group and to be able to take individual perspectives and concerns into account, an annual development and target achievement meeting (MAZEG) has been established. AMAG-internal contact points such as the Works Council, shop stewards, the AMAG Youth Council of Confidence, the occupational psychologist or the Women's Representative pass on relevant, anonymised information to those responsible in order to effectively address concerns and initiate measures if necessary. Feedback from employee satisfaction surveys is also taken into account.

Another information channel is the AMAG Compliance Line - a reporting system that is publicly accessible for communicating concerns about AMAG's business activities and associated misconduct, or for contacting a person of trust in personal matters. The persons responsible for the internal reporting office are trained accordingly, and a guideline defines the responsibilities and processes in detail. Further information and contact addresses can be found in section G1 – Business conduct.

The feedback from the stakeholder groups is systematically analysed and discussed with the Management Board and the department heads as part of the annual sustainability committee. Stakeholder interests play a key role in the assessment of materiality and therefore also serve as a basis for selecting the topics to be prioritised for annual reporting.

Stakeholder mapping table showing:

Material impacts, risks and opportunities and their interaction with strategy and business model

In order to develop a systematic sustainability programme and pursue it in a targeted manner, it is necessary to identify and select relevant focal points. This is done using a materiality assessment, which was carried out in accordance with the European Non-financial Reporting Standards (ESRS) and is divided into the following four steps:

1. UNDERSTANDING THE CORPORATE CONTEXT

At the beginning of this process, an overview of AMAG's activities and business relationships is drawn up. For this purpose, regulatory requirements and sector standards are used, external and internal stakeholders are involved and performance from internal risk management are taken into account in order to identify relevant sustainability issues for the company. The previously defined stakeholders and their involvement are critically evaluated in this phase and adjusted if necessary. Stakeholder dialogue takes place in various forms. All internal and external stakeholders can use an online questionnaire, which is available all year round on the homepage, to identify important topics and their material impacts, and to bring their concerns to AMAG's attention. This first step leads to the definition of topics and sub-topics ("longlist"), which are analysed and evaluated in terms of their potential materiality for the company and its activities, including the value chain.

REGULATORY REQUIREMENTS: › Sustainability & Diversity Improvement Act (NaDiVeG) › European non-financial Reporting Standards (ESRS) › EU Taxonomy Regulation (2020/852) › OECD Guidelines for Multinational Enterprises › UN Global Compact (10 principles) & UN Sustainable Development Goals (SDGs) › German Supply Chain Due Diligence Act (LkSG)

SECTOR STANDARDS: › Aluminium Stewardship Initiative: ASI Performance Standard, ASI Chain of Custody Standard › Ratings: Sustainalytics, EcoVadis, CDP, VÖNIX

2. IDENTIFICATION OF ACTUAL & POTENTIAL IMPACTS, RISKS AND OPPORTUNITIES

The pre-selection of potential sustainability topics (longlist) includes impacts emanating from the company (inside-out), as well as risks and opportunities (outside-in) that have an external impact on AMAG. New topics are identified by means of a top-down process, i.e. topics are analysed and included in the longlist if they have relevant impacts, risks or opportunities (IRO) or feedback from stakeholders. Existing material topics are evaluated in terms of the topicality and relevance of the impacts, risks and opportunities and adapted if necessary. The impacts can be both positive and negative, short and long-term, and have already materialised or are relevant for the future. This evaluation, which is carried out in dialogue with stakeholders, experts and specialist departments, results in a "shortlist" of topics that initially only includes the naming and explanation of the impacts, risks and opportunities - an assessment only takes place in the next step.

3. ASSESSMENT OF IMPACTS, RISKS & OPPORTUNITIES

In this step, a qualitative assessment of the significance of the impacts is carried out by the specialist departments, which are in close dialogue with various stakeholders. Their feedback on the issues and impacts is also taken into account in the assessment. The Sustainability department collates all the information and prepares it for a quantitative assessment. Depending on the nature of the impact (positive/negative; actual/potential), factors such as severity, probability of occurrence and time horizon are included in the assessment. The severity is based on an estimate of the extent, scope and remediability of impacts, whereby a five-point scale is used for categorisation (1 = low extent/low scope/very easy to remedy; 5 = very high extent/large scope/very limited remediability). In principle, the assessment of the impact is primarily based on the two factors of extent and probability of occurrence. The other aspects of severity (scope and mitigability) are especially taken into account in the assessment if impacts would fall below the threshold value for materiality due to a low probability of occurrence, but this impact is associated with a potentially large scope (4) or medium mitigability (3). In the case of possible negative impacts on the environment (in the form of incidents) and human rights, the severity of the impact takes precedence over its probability of occurrence.

In close coordination with risk and opportunity management, risks and opportunities are assessed based on their probability of occurrence and potential impact on EBITDA and the company's reputation.

The following chart illustrates the categorisation of material impacts and risks:

[Chart shows materiality matrix with probability of occurrence on y-axis and impact severity on x-axis, with significance thresholds marked]

Those impacts and risks that are rated with a probability of occurrence or severity of 4 or above are significant (light blue area) or prioritised (dark blue area) for AMAG. In the case of the probability of an occasional occurrence, a moderate degree of impact is sufficient; a rare occurrence must be linked to a significant degree of impact in order to be considered material. The EBITDA impact ranges from a low materiality threshold of EUR 250,000 (up to EUR 3 million in the low range) to a very high financial impact of over EUR 150 million.

To date, AMAG's risk management has primarily considered opportunities from a qualitative perspective, as this enables a deeper and more comprehensive assessment that goes beyond pure figures. A qualitative assessment allows market trends, technological trends, customer expectations and social changes to be taken into account, which have a significant influence on strategic planning.

A qualitative approach also promotes the exchange of expertise and experience within the company and sharpens the understanding of complex interrelationships and strategic decisions. As part of the materiality assessment, initial quantifications of opportunities were carried out in coordination with risk management.

The impacts, risks and opportunities assessed as material in this third step are linked to targets and measures, if necessary, in order to strengthen positive impacts and opportunities and prevent or eliminate negative impacts and risks.

4. REPORTING AND MONITORING OF MATERIAL TOPICS

The key sustainability aspects, including targets and measures, are presented to the Management Board and the managing directors as part of the annual sustainability committee and approved for reporting by a Management Board resolution.

The specialist departments are responsible for implementing and monitoring the measures and report to the Management Board on progress at least once a year or as required. Detailed information can be found in the respective topic sections.

SIGNIFICANT IMPACTS, RISKS & OPPORTUNITIES 2024

The following overview lists those topics that were assessed as material in the course of the materiality assessment as they are associated with significant impacts, risks or opportunities. Topics from the ESRS that are not considered material due to the corporate context or no relevant impacts, risks and opportunities identified are briefly explained at the end of the chart.

The specific impacts, risks and opportunities, including information on key stakeholders, characteristics (including localisation and time horizon), concepts and activities are listed at the beginning of each ESG area.

OVERVIEW OF THE KEY TOPICS FOR 2024

● = actual ○ = potential

Description of the processes to identify and assess material impacts, risks and opportunities

In order to develop a systematic sustainability programme and pursue it in a targeted manner, it is necessary to identify and select relevant focal points. This is done using a materiality assessment, which was carried out in accordance with the European Non-financial Reporting Standards (ESRS) and is divided into the following four steps:

1. UNDERSTANDING THE CORPORATE CONTEXT

At the beginning of this process, an overview of AMAG's activities and business relationships is drawn up. For this purpose, regulatory requirements and sector standards are used, external and internal stakeholders are involved and performance from internal risk management are taken into account in order to identify relevant sustainability issues for the company. The previously defined stakeholders and their involvement are critically evaluated in this phase and adjusted if necessary. Stakeholder dialogue takes place in various forms. All internal and external stakeholders can use an online questionnaire, which is available all year round on the homepage, to identify important topics and their material impacts, and to bring their concerns to AMAG's attention. This first step leads to the definition of topics and sub-topics ("longlist"), which are analysed and evaluated in terms of their potential materiality for the company and its activities, including the value chain.

TIME FRAMEWORKS: In accordance with ESRS 1 section 6.4, the three observation periods of one year (current reporting year), more than one and up to five years (medium term) and more than five years or longer (long term) were defined for the analysis of impacts, risks and opportunities.

2. IDENTIFICATION OF ACTUAL & POTENTIAL IMPACTS, RISKS AND OPPORTUNITIES

The pre-selection of potential sustainability topics (longlist) includes impacts emanating from the company (inside-out), as well as risks and opportunities (outside-in) that have an external impact on AMAG. New topics are identified by means of a top-down process, i.e. topics are analysed and included in the longlist if they have relevant impacts, risks or opportunities (IRO) or feedback from stakeholders. Existing material topics are evaluated in terms of the topicality and relevance of the impacts, risks and opportunities and adapted if necessary. The impacts can be both positive and negative, short and long-term, and have already materialised or are relevant for the future. This evaluation, which is carried out in dialogue with stakeholders, experts and specialist departments, results in a "shortlist" of topics that initially only includes the naming and explanation of the impacts, risks and opportunities - an assessment only takes place in the next step.

3. ASSESSMENT OF IMPACTS, RISKS & OPPORTUNITIES

In this step, a qualitative assessment of the significance of the impacts is carried out by the specialist departments, which are in close dialogue with various stakeholders. Their feedback on the issues and impacts is also taken into account in the assessment. The Sustainability department collates all the information and prepares it for a quantitative assessment. Depending on the nature of the impact (positive/negative; actual/potential), factors such as severity, probability of occurrence and time horizon are included in the assessment. The severity is based on an estimate of the extent, scope and remediability of impacts, whereby a five-point scale is used for categorisation (1 = low extent/low scope/very easy to remedy; 5 = very high extent/large scope/very limited remediability). In principle, the assessment of the impact is primarily based on the two factors of extent and probability of occurrence. The other aspects of severity (scope and mitigability) are especially taken into account in the assessment if impacts would fall below the threshold value for materiality due to a low probability of occurrence, but this impact is associated with a potentially large scope (4) or medium mitigability (3). In the case of possible negative impacts on the environment (in the form of incidents) and human rights, the severity of the impact takes precedence over its probability of occurrence.

In close coordination with risk and opportunity management, risks and opportunities are assessed based on their probability of occurrence and potential impact on EBITDA and the company's reputation.

The impacts, risks and opportunities assessed as material in this third step are linked to targets and measures, if necessary, in order to strengthen positive impacts and opportunities and prevent or eliminate negative impacts and risks.

4. REPORTING AND MONITORING OF MATERIAL TOPICS

The key sustainability aspects, including targets and measures, are presented to the Management Board and the managing directors as part of the annual sustainability committee and approved for reporting by a Management Board resolution. The specialist departments are responsible for implementing and monitoring the measures and report to the Management Board on progress at least once a year or as required.

AMAG's due diligence process essentially comprises six steps:

1. DUE DILIGENCE: The processes implemented to fulfil due diligence in the areas of the environment, human and social rights and corruption prevention are based on applicable laws, internationally recognised standards and voluntary commitments. AMAG has certified management systems focusing on occupational safety, quality, the environment and energy, as well as a comprehensive risk management and internal control system.

2. DETERMINATION AND ASSESSMENT OF RISKS & IMPACTS: AMAG's ongoing activities are regularly reviewed for the risk of human rights violations, environmental hazards and breaches of business ethics - with the aim of avoiding actual and potential adverse impacts in the course of business activities and along the supply chain. Impacts and risks are analysed from two perspectives: The inside-out perspective is concerned with impacts emanating from the company's business activities and value chain. The outside-in perspective analyses the risks that can have an external impact on business activities and the value chain.

3. HANDLING OF IMPACTS & RISKS: Negative impacts on stakeholders and risks for AMAG are evaluated continuously and as part of the annual sustainability programme or risk management, and concrete concepts and measures are derived from this, or existing ones are adapted.

4. EFFECTIVENESS MONITORING: The effectiveness of the measures taken is monitored once a year or on a risk basis. The respective departments report the progress and performance of the risk evaluation as well as any potential for optimisation.

5. REPORTING AND COMMUNICATION: The aim of adhering to environmental compliance, basic human rights principles and fair business practices at AMAG and along the value chain is a key component of the business model and AMAG's annual sustainability programme.

6. ENABLING EXCHANGE AND COMPENSATION: AMAG endeavours to eliminate negative impacts caused or contributed to by the company. AMAG offers its stakeholders various options for commenting on negative impacts or the measures taken, including the AMAG Compliance Line.

Disclosure requirements in ESRS covered by the undertaking's sustainability statement

AMAG reports on the following material ESRS topics for the 2024 financial year:

Material topics: ESRS 2, E1, E2, E4, E5, S1, S2, G1

Notes on non-material topics 2024:

In the course of understanding the corporate context and taking a comprehensive look at the supply chain, we initially excluded topics or sub-topics of the ESRS, as these do not apply to AMAG:

E2 - POLLUTION: For process-related reasons, microplastics are neither used as a raw material in the manufacturing process nor are they contained in AMAG products. Substances of concern and substances of very high concern are not used in the main processes and for the manufacture of the main products. Information on AMAG's chemicals management can be found in section E2 - Pollution.

S4 - CONSUMERS AND END USERS: As a supplier of semi-finished aluminium products, cast alloys and components for the aerospace industry, AMAG has no direct business-to-consumer business relationships, which means that topics such as information-related impacts, personal safety of consumers, social inclusion of consumers and end users are not covered by the AMAG corporate context. Product- and material-specific information is made available to AMAG customers in the form of safety data sheets and technical specifications. More detailed information can be found in section E2 - Pollution.

As part of the assessment of identified impacts, risks and opportunities for topics from the ESRS (step 3 of the materiality assessment), further sustainability aspects were excluded for the 2024 reporting year as they fell below the defined materiality threshold:

E3 - WATER AND MARINE RESOURCES: Although water is an important resource for AMAG, no significant impacts, risks or opportunities were identified within the meaning of E3. Concepts, measures and targets for resource consumption in relation to water are reported in Section E-5 – Resource use and circular economy.

S3 - AFFECTED COMMUNITIES: Affected communities within the meaning of the ESRS are indigenous peoples and minorities as well as economically dependent communities. None of these groups have been identified within the immediate areas of influence of the AMAG sites. The analysis of the AMAG supply chain did not identify any material impacts, opportunities or risks for the 2024 reporting period.

As a result, the following ESRS topics will not be reported by AMAG for the 2024 financial year:

› E2 - Pollution: microplastics, substances of (very) high concern › E3 - Water and marine resources › S3 - Affected communities › S4 - Consumers and end users

An overview of the reported data points can be found on p. 275.

Transition plan for climate change mitigation

As part of the integrated corporate and sustainability strategy, AMAG has developed the AMAG Decarbonisation Roadmap, which defines measures and milestones for achieving climate targets. The roadmap is based on a holistic approach and includes measures in the areas of energy, processes, raw materials and products. It covers the entire value chain from raw material procurement to product delivery and focuses on Scope 1 and 2 emissions as well as selected Scope 3 emissions.

The transition plan is aligned with the Paris Agreement and aims to achieve CO2-neutral production in the period from 2040 to 2050. The specific targets include:

Scope 1+2: Reduction of CO2 emissions by 40% (specific) or 20% (absolute) by 2030 (base year 2017) Scope 3: Reduction of average specific CO2 emissions from the primary aluminium upstream chain by 20% by 2030 (compared to 2018-2020)

The roadmap includes both short-term and long-term measures:

Short to medium-term measures (2024-2030): › Continued sourcing of 100% renewable electricity › Expansion of photovoltaic systems › Energy efficiency improvements › Increase in recycling rates › Process optimisation › Technology development for alternative reduction processes

Long-term measures (2030-2050): › Implementation of breakthrough technologies for primary aluminium production › Further expansion of renewable energy capacity › Development of hydrogen-based reduction processes › Implementation of carbon capture and utilisation technologies

The transition plan is regularly reviewed and updated based on technological developments, regulatory changes and market conditions. Progress is monitored through specific KPIs and reported annually. The plan is integrated into the company's risk management system and considers potential climate-related risks and opportunities.

The financial implications of the transition plan are assessed regularly, with investments in clean technologies and energy efficiency measures being key components of the capital allocation strategy. The company works closely with suppliers, customers and other stakeholders to ensure alignment throughout the value chain.

Policies related to climate change mitigation and adaptation

AMAG's climate policies are integrated into the overall sustainability strategy and are based on internationally recognised frameworks and standards. The company has implemented comprehensive policies addressing both climate change mitigation and adaptation:

Climate Change Mitigation Policy: › Commitment to achieve CO2-neutral production by 2040-2050 › Target to reduce Scope 1+2 CO2 emissions by 40% (specific) or 20% (absolute) by 2030 (base year 2017) › Target to reduce average specific Scope 3 CO2 emissions from primary aluminium upstream chain by 20% by 2030 › 100% procurement of renewable electricity at all AMAG production sites › Continuous improvement of energy efficiency across all operations › Maximisation of recycling rates and circular economy principles › Investment in research and development for low-carbon technologies

Climate Change Adaptation Policy: › Regular assessment of physical climate risks including acute events (storms, flooding, heavy precipitation) and chronic risks (temperature changes, precipitation patterns) › Implementation of resilience measures for production facilities › Development of emergency response procedures for extreme weather events › Integration of climate risk considerations into business continuity planning › Monitoring and assessment of supply chain vulnerabilities to climate impacts

Governance and Implementation: › Climate policies are overseen by the Management Board and monitored by the ESG Committee of the Supervisory Board › Regular review and updating of policies based on scientific developments and regulatory changes › Integration of climate considerations into investment decisions and strategic planning › Employee training and awareness programmes on climate-related issues › Transparent reporting on climate performance and progress towards targets

The policies are aligned with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and support the company's contribution to limiting global warming to 1.5°C as outlined in the Paris Agreement. Regular assessments ensure the policies remain effective and relevant to emerging climate challenges and opportunities.

Actions and resources in relation to climate change policies

AMAG has implemented comprehensive actions and allocated significant resources to support its climate change policies:

Energy and Emissions Management: › Continued procurement of 100% renewable electricity for all production sites › Expansion of photovoltaic systems at the Ranshofen site (new facility: 63,000 m²) › Implementation of energy efficiency measures across all operations › Regular energy audits and optimisation of energy-intensive processes › Installation of energy monitoring systems for real-time tracking

Decarbonisation Roadmap Implementation: › Development and implementation of the AMAG Decarbonisation Roadmap › Investment in research and development for breakthrough technologies › Collaboration with technology partners and research institutions › Pilot projects for alternative reduction processes › Assessment of carbon capture and utilisation technologies

Circular Economy and Recycling: › Maintaining high recycling rates (75-80% scrap utilisation in foundries) › Development of AL4® ever product portfolio with low CO2 footprint › External verification of product-specific CO2 footprints according to ISO 14067 › Expansion of closed-loop concepts with customers › Investment in recycling infrastructure and technology

Supply Chain Engagement: › Procurement of ASI-certified materials (43% of scrap, 44,800 tonnes of certified aluminium) › Collaboration with suppliers on emission reduction initiatives › Implementation of responsible procurement management › Regular supplier assessments including ESG criteria › Support for suppliers in developing emission reduction strategies

Research and Development: › Investment in clean technology research › Collaboration with universities and research institutions › Development of innovative production processes › Patent applications for low-carbon technologies › Participation in industry research consortiums

Risk Management and Adaptation: › Integration of climate risks into enterprise risk management system › Regular climate risk assessments for all sites › Development of adaptation measures for physical climate risks › Business continuity planning for extreme weather events › Insurance strategies for climate-related risks

Resources Allocated: › Dedicated sustainability team and climate experts › Annual budget allocation for climate-related investments › Management time and attention focused on climate issues › Training and capacity building for employees › External advisory services and technical expertise

Monitoring and Reporting: › Regular monitoring of GHG emissions across all scopes › Annual sustainability reporting including climate metrics › Third-party verification of key climate indicators › Integration of climate KPIs into management incentive systems › Participation in climate-related disclosure initiatives and ratings

Energy consumption and mix

Total energy consumption

Total energy consumption (2024): 677,300 MWh
Total energy consumption (2023): 658,300 MWh

Energy consumption and energy mix – disaggregated

Notes:
* Figures for individual items are rounded.
** AMAG does not obtain any heat, steam or cooling from fossil or renewable sources.

Scope: Reporting boundaries include all fully consolidated companies (Ranshofen site, AMAG components sites Karlsruhe and Übersee). Alouette (20% equity stake) is not included as AMAG does not exercise operational control.

Conversion methodology:
Energy quantities are calculated from actual measured fuel quantities, multiplied by respective conversion factors. Lower calorific values used: natural gas 10.19 kWh/Nm³ (2022–2024), diesel 9.90 kWh/l, heating oil 10.20 kWh/l. Standard factors for fuels from national greenhouse gas inventory for Austria applied.

Energy intensity

Note: AMAG's turnover is predominantly generated from activities related to climate-intensive sectors (NACE code 24.42 – production and first processing of aluminium). Energy intensity is calculated as total energy consumption divided by the AMAG Group's turnover.

Specific energy consumption (Ranshofen site)

Scope: For reasons of materiality and informative value, specific key performance indicators per tonne relate only to the Ranshofen site. Annual production volumes are made up of casting alloy foundry, rolling slab casthouse, and rolling mill in tonnes.

Gross Scopes 1, 2, 3 and Total GHG emissions

Greenhouse gas emissions broken down by Scope 1, Scope 2 and Scope 3

Scope 3 emissions (excluding significant raw materials, included in category 3.1) and therefore also total GHG emissions and emissions intensity are reported at Group level.

Significant Scope 3 greenhouse gas emissions by GHG Protocol category

Figures for the individual items are rounded

Methodology and scope notes

Scope 1: CO2 emissions are calculated from actual measured fuel quantities (natural gas, diesel, propane gas, etc.). Refrigerants are recorded as CO2 equivalents as part of the annual net energy footprint. AMAG rolling and casting plants are subject to European emissions trading (EU ETS). The calculation is based on standard factors of the national greenhouse gas inventory. The proportion of Scope 1 greenhouse gas emissions subject to the regulated emissions trading system (ETS) is 94% (2023: 93%).

Scope 2: Due to the procurement of electricity from hydroelectric power and other renewable sources, no Scope 2 emissions according to the market-based method have been caused at the production sites since the 2018 reporting year for Ranshofen and from the 2022 reporting year for Karlsruhe and Übersee. Steam, heating and cooling are not purchased by AMAG. AMAG does not purchase electricity from nuclear sources.

Scope 3: The scope of Scope 3 emissions is calculated in accordance with the requirements of the GHG Protocol. Category 1 includes the main categories of raw materials, process gases, melting salt for use in the foundry and packaging. Raw materials cover the majority of category 1. The quantities determined relate to actual weights, multiplied by standard emission factors, as well as data from primary enquiries and calculations. For the packaging quantities of the AMAG components sites, a qualitative estimate is made based on the quantities of packaging used for the Übersee site.

Category 2 includes capital goods from an investment requiring capitalisation of more than EUR 3 million. Emissions from upstream and downstream transport (categories 4 and 9) comprise all transports of raw material inputs and product outputs at the Ranshofen site and are composed of primary enquiries from the responsible logistics company, surveys by AMAG, multiplied by standard emission factors and qualitative estimates. The calculation of emissions from waste generation (category 5) is based on the actual waste volumes at the production sites.

Business trips by employees are largely included in Scope 1 emissions, as the company cars are mainly refuelled at the company petrol station. Off-site refuelling is primarily carried out using fuel cards and is included in the calculation. The emissions from air travel are transmitted as a primary query by the responsible travel agency. Emissions from employee commuting are determined on the basis of statistical distributions of commuting behaviour in Austria and the number of employees.

The processing of sold products is calculated using average values from the processing industry. Components for aerospace applications can be directly allocated to their intended use as aircraft components. The weights of the components are calculated in relation to an average aircraft and the CO2 emissions in flight operations are extrapolated over the life cycle. Emissions are allocated in full in the production year of the aluminium component.

The calculation for the treatment of products at the end of their service life is determined as the remelting of the products (reduced by the external end-of-life scrap quantities) in a closed cycle, multiplied by the emissions of the AMAG product recycling process.

AMAG endeavours to replace the standard emission factors or literature and database values with qualitative primary data from suppliers or other partners in the value chain. The proportion of emissions calculated on the basis of primary data from suppliers or other partners in the value chain is 42% for raw materials and 46% in relation to AMAG's total emissions (2023: 24%).

Committed greenhouse gas emissions: The cumulative greenhouse gas emissions of the production plants at the Ranshofen site, taking into account the current Decarbonisation Roadmap, amount to around 800,000 t CO2 from 2024 to 2030 and around 1,500,000 t CO2 from 2024 to 2050.

AMAG AL4® ever products: Emissions of primary aluminium with the AMAG AL4® ever certificate are a maximum of 4.0 tonnes of CO2 per tonne of aluminium. Compared to the global average of 14.8 tonnes of CO2 per tonne of aluminium (source: IAI), this corresponds to a saving in greenhouse gas emissions of more than 70 per cent. The verification of the CO2 footprint in accordance with ISO 14067 for AMAG's primary aluminium of ≤ 4 t CO2 by LRQA was successfully completed in the financial year.

CO2 credits and internal pricing: The purchase of CO2 credits in the form of certificates with the aim of CO2 reduction is not part of AMAG's business strategy. AMAG is not currently pursuing any projects for the extraction and storage of CO2 equivalents at the site or in the upstream or downstream supply chain.

Targets related to climate change mitigation and adaptation

AMAG Austria Metall has disclosed the following climate-related targets:

Scope 1+2 Targets

Reduction of specific CO2 emissions taking into account national and European CO2 reduction targets through implementation of the AMAG Decarbonisation Roadmap:

• Target metric: Specific CO2 emissions (Scope 1+2)
• Target year: 2030
• Target value: 0.139 tonnes CO2equ/t (40% reduction on intensity basis)
• Baseline year: 2017
• Baseline value: 0.232 tonnes CO2equ/t
• Type: Intensity-based
• Scope: Ranshofen production site (>99% of total Scope 1 emissions)
• Performance 2024: 0.163 tonnes CO2equ/t
• Performance 2023: 0.163 tonnes CO2equ/t
• Status: On course
• Long-term ambition: CO2-neutral production in the period from 2040 to 2050

Reduction of absolute CO2 emissions:

• Target metric: Absolute CO2 emissions (Scope 1+2)
• Target year: 2030
• Target value: 110,000 tonnes of CO2 (20% reduction on absolute basis, considering production increase)
• Baseline year: 2017
• Baseline value: 137,508 tonnes of CO2
• Type: Absolute
• Scope: Ranshofen production site
• Performance 2024: 92,200 tonnes of CO2
• Performance 2023: 89,800 tonnes of CO2
• Status: On course

Scope 3 Target

Reduction of average specific CO2 emissions from the primary aluminium upstream chain:

• Target metric: Average specific CO2 emissions from primary aluminium upstream chain (Scope 3)
• Target year: 2030
• Target value: 6.1 tonnes CO2equ/t (20% reduction)
• Baseline period: 2018-2020 average
• Baseline value: 7.6 tonnes CO2equ/t
• Type: Intensity-based
• Scope: Raw materials (primary aluminium, rolling slabs, alloy metals) for Ranshofen site (~99% of category 3.1 GHG Protocol; >45% of total Scope 3 emissions)
• Performance 2024: 7.5 tonnes CO2equ/t
• Performance 2023: 7.8 tonnes CO2equ/t
• Status: On course

Renewable Energy Target

100% purchase of renewable electricity at all AMAG production sites:

• Target metric: Share of renewable electricity
• Target year: 2024 and annually on an ongoing basis
• Target value: 100%
• Performance 2024: 100%
• Performance 2023: 100%
• Status: Achieved

PV Expansion Target

Expansion of the PV system at the Ranshofen site:

• Target metric: PV system installation
• Target year: 2024
• Target value: Project completion
• Performance 2024: New facility: 63,000 m² (achieved)
• Performance 2023: -
• Status: Achieved

Target Characteristics

Science-based alignment: The targets are aligned with limiting global warming to 1.5°C in accordance with the Paris Agreement and the goal of achieving climate neutrality by 2050. However, the targets are described as internal, not explicitly SBTi-validated.

Gross targets: The greenhouse gas reduction targets are gross targets. CO2 credits in the form of certificates are not part of the AMAG strategy and are not applied when meeting the targets.

Executive remuneration linkage: 10% of Management Board remuneration is linked to specific CO2 emissions (Scope 1 and 2) for the Ranshofen site for the 2024 LTI tranche.

Anticipated financial effects from material physical and transition risks and potential climate-related opportunities

Financial effects from physical risks

In relation to the risks, there were no unexpected financial impacts in the 2024 reporting year. Potential financial impacts that may occur if risks materialise without preventive or mitigating measures (inherent risks) are recorded in risk management (see General information, section Risk management) and are currently classified as between low and severe (EUR 3 million to EUR 150 million).

Financial effects from transition risks

No specific quantified financial effects from transition risks are disclosed.

Financial effects from climate-related opportunities

Climate-related opportunities arise from AMAG's good market positioning as a company with a focus on recycling, its clear positioning in relation to the Paris climate targets and products with a guaranteed low carbon footprint (AMAG AL4® ever product family), as well as its good performance and fulfilment of stakeholder requirements in the area of sustainability. The opportunities are classified as material at AMAG, but are not recognised in monetary terms.

Approach to internal carbon pricing

The assessment of the economic viability of individual projects as part of the CO2 reduction roadmap for the Ranshofen site takes into account technical feasibility, investment costs, changes in operating costs and, for example, plant depreciation and CO2 certificate costs. This means that even without internal CO2 pricing as an aid, the reduction path is clearly tracked and additional CO2 pricing as a tax instrument is not required.

Substances of concern and substances of very high concern

ESRS E2-5 (Substances of concern and substances of very high concern) is not material for AMAG Austria Metall.

Materiality Assessment Result

As stated in the company's non-financial statement (p. 25):

"E2 - Pollution: microplastics, substances of (very) high concern" [are not reported for the 2024 financial year]

The company explanation (p. 25) notes:

"Substances of concern and substances of very high concern are not used in the main processes and for the manufacture of the main products."

Chemical Compliance and Management

Despite the non-materiality determination, AMAG has established comprehensive chemical management systems:

REACH Compliance: The company fulfils legal obligations under REACH and CLP Regulation through designated REACH officers at AMAG Ranshofen and environmental officers at AMAG components sites. Key activities include:

• Registration of metals contained in AMAG products
• Ongoing review of auxiliary and operating materials for changes to substance content
• Updates to the REACH candidate list, Annex XIV and Annex XVII
• Information transfer in the supply chain
• Provision of safety data sheets and technical data sheets via the AMAG website

Substance Exclusions: AMAG products do not contain:

• PFAS / PFAS compounds
• Microplastics
• Mercury (as an intentional substance; monitored as trace element)
• POPs / PFOA compounds
• Ozone-depleting substances (CFCs, halon)

RoHS Directive Compliance: Substances listed in Annex II are not manufactured, placed on market or used above specified maximum concentrations, with the exception of lead as an alloying element in aluminium up to 0.4% by mass (permitted under Annex III exception 6b). Small quantities of alloys with lead content >0.4% are produced on special customer request with appropriate safety information provided.

Conflict Minerals: No conflict minerals (tantalum, tin, gold, tungsten from DRC countries; extended: cobalt, micas) were purchased in 2024.

No quantitative data on total amounts of substances of concern or substances of very high concern has been disclosed, consistent with the non-materiality determination.

Policies related to pollution

AMAG discloses that the reduction or avoidance of environmental impacts is defined as a central objective in the corporate policy, which is concretised in the environmental guidelines.

The company does not provide specific standalone policies dedicated to pollution prevention, but rather embeds pollution-related objectives within broader environmental management frameworks.

Environmental and Energy Management System (ISO 14001 and ISO 50001)

• Scope: Ranshofen site
• Key content: The ISO 14001 and ISO 50001 certifications of the environmental and energy management system at the Ranshofen site are described as "key pillars of the company's commitment to environmental protection."
• Governance: The certified environmental and energy management system is mapped in the management handbook, which defines the organisational structure and processes as well as responsibilities. Responsibility lies with the Management Systems department, whose head reports to the Chief Operating Officer.
• Implementation monitoring: Periodic audits of defined areas of the company and the training of employees ensure the effectiveness of the management systems.

ASI Performance Standard

• Key content: Defines principles and criteria for sustainability aspects in the area of the environment for the aluminium value chain.

Internal Procedural Instruction on Environmental Protection

• Scope: Ranshofen site
• Key content: Describes the tasks for ensuring the sustainable protection of the environment and the continuous improvement of environmental performance.
• Implementation: Ensured by the AMAG management systems.

Purchasing Guidelines

• Key content: Stipulate that environmental criteria must be taken into account when purchasing auxiliary and operating materials, capital goods and services.

Compliance with Chemical Legislation (REACH and CLP Regulation)

• Key content: Procedural instructions on chemicals legislation describe the tasks for ensuring compliance with the obligations under chemicals legislation in accordance with REACH and the CLP Regulation and for the release of substances. These obligations include the registration of metals contained in AMAG products, the ongoing review of auxiliary and operating materials and resources for changes to the substances they contain, updates to the candidate list, Annex XIV and Annex XVII of the REACH Regulation and the passing on of information in the supply chain.
• Governance: The central points of contact are the REACH officers of the AMAG companies in Ranshofen, who are assigned to the AMAG management systems. At AMAG components, responsibility lies with the environmental officers at the sites.

Environmental Incident Procedural Instruction

• Key content: Regulates responsibilities and measures in the event of unforeseen operating conditions. The primary objective is to prevent the unwanted release of substances and thus to rule out any risk to people and the environment.

ISO 14001 Certification at AMAG Components

• Scope: Übersee and Karlsruhe sites
• Key content: Makes a significant contribution to sustainable environmental and resource management.

The company also references responsible procurement management for raw materials and ESG requirements for AMAG suppliers in their business practices, particularly regarding bauxite and alumina sourcing impacts.

Actions and resources related to pollution

AMAG's pollution-related actions are integrated into its energy and environmental program, which is monitored on an ongoing basis with annual evaluations and new measures added.

REMEDIATION OF CONTAMINATED SITES

• Description: The province of Upper Austria has prescribed safety and remediation measures for two demarcated contaminated sites on the AMAG site
• Scope: Own operations (AMAG site)
• Time horizon: Project launched in 2024
• Resources: A specialist company was commissioned to develop possible safety and remediation options
• Status: Development of safety and remediation options underway

BEST AVAILABLE TECHNOLOGY (BAT)

• Description: AMAG production sites are adapted to the state of the art and comply with all legal requirements. BAT adjustment to emission limits and monitoring requirements (2022) and current approval of a smelting furnace
• Scope: Own operations (Ranshofen site)
• Outcome: Updated approval notices ensure AMAG Ranshofen fulfils technical assessment criterion of emission limits of Delegated Regulation (EU) 2021/2139 on environmental objective 5 of the EU Taxonomy Regulation
• Impact: Prevents or reduces pollution
• Additional measure: Air emissions are being steadily reduced through gradual substitution of fossil fuels at the plants as part of the implementation of the Decarbonisation Roadmap

WATER DISPOSAL

• Description: Water disposal at Ranshofen site via various sewer systems (rainwater sewer, operational wastewater sewer and sewer for domestic effluent) as well as seepage water basins
• Scope: Own operations (Ranshofen site)
• Process: Chemically contaminated water is treated in wastewater treatment plants before discharge
• Responsible entity: AMAG service carries out water supply, disposal and monitoring

Group Guidelines - Supplier Environmental Requirements

• Description: Purchasing departments check all major new and existing suppliers (scrap, primary metal, rolling slab, alloy metal, dross and energy suppliers) for compliance with environmental requirements on a risk basis
• Scope: Upstream value chain
• Requirements: All approved primary aluminium and rolling slab manufacturers have signed ESG requirements for AMAG suppliers or are certified according to ASI Performance Standard
• Link to standards: ASI certification obligates suppliers to minimise negative impacts, comply with industry standards, and conduct supplier assessments of their input material suppliers in alumina production and bauxite mining

COMPLIANCE WITH CHEMICAL REGULATIONS

AMAG implements multiple compliance measures regarding hazardous substances:

• PFAS / PFAS compounds: AMAG products do not contain any PFAS / PFAS compounds
• Microplastics: AMAG products do not contain any microplastics
• Mercury: Mercury is not used in AMAG products; content in rolled products is continuously monitored
• Radioactivity: AMAG material is tested for radioactivity and is free from radioactive contamination
• Persistent Organic Chemicals (POPs): AMAG products do not contain any POP / PFOA compounds
• RoHS Directive: Substances listed in Annex II are not manufactured, placed on the market or used by AMAG above specified maximum concentrations (except lead as alloying element up to 0.4% by mass under exception 6b). Small quantities of alloys with higher lead content produced on special customer request with safety data sheets provided
• Conflict Minerals: AMAG continuously checks whether tantalum, tin, gold, tungsten, cobalt and micas are necessary for functionality or manufacture of products. Proof of origin provided by upstream suppliers when necessary. No conflict minerals purchased in 2024

Resources

Financing: The measures in the area of E2 – Pollution are financed from current operating funds. Specific projects are considered in the course of budget planning.

Management structure: Environmental management system integrated into all business processes, including compliance with all legal regulations and official requirements and systematic assessment of relevant environmental aspects and impacts.

Targets related to pollution

Target: No environmental incidents and no offences in connection with pollution

Additional context

An environmental incident is defined as an uncontrolled event that leads to a hazard to human health or the environment. Offences refer to convictions and fines for non-compliance with laws or regulations.

There were no environmental incidents or violations in connection with pollution in the 2024 reporting year. For this reason, no separate operating and investment expenses were incurred due to environmental incidents or occurrences.

Pollution of air, water and soil

Air emissions

The production of secondary aluminium via recycling generates process- and raw material-related air pollutant emissions such as carbon monoxide (CO), nitrogen oxides (NOx) and dust at the Ranshofen site. AMAG components at the Übersee and Karlsruhe sites does not make a significant contribution to AMAG emissions with its core machining process.

The annual quantity of pollutants emitted is determined by extrapolating the performance from individual measurements of gas consumption or operating hours or - if available - from continuous measurements of the respective system by the AMAG measuring centre accredited in accordance with EN 17025. The measurements are carried out in accordance with recognised methods or the specifications in the approval notices.

Nitrogen oxides Ranshofen

Carbon monoxide Ranshofen

Dust Ranshofen

E-PRTR reporting

The optimised process management and residue-free and energetic use of organics in the smelting furnace to minimise fuel consumption has led to an increase in nitrogen oxides in AMAG casting since 2021 and thus to a reporting obligation in accordance with the European Pollutant Release and Transfer Register (E-PRTR) via the national register of the Austrian Federal Environment Agency (first report was made in 2022). These values correspond to both the approved emission limits and the state of the art. The threshold values for the obligation to report further limit values are reviewed regularly.

Environmental incidents and compliance

An environmental incident is an uncontrolled event that leads to a hazard to human health or the environment, either immediately or later, either inside or outside the plant. Offences refer to convictions and fines for non-compliance with laws or regulations.

Performance against target:

There were no environmental incidents or violations in connection with pollution in the 2024 reporting year. For this reason, no separate operating and investment expenses were incurred due to environmental incidents or occurrences.

Financial effects

In the 2024 financial year, there were financial effects in connection with the remediation of contaminated sites totalling around EUR 98,000. In addition, the obligation to remediate a new contaminated site and the associated expected financial burden of EUR 3.8 million (excluding possible subsidies) as at 31 December 2024 is sufficiently certain and probable. A corresponding provision was therefore recognised in the balance sheet.

Water and soil

Rainwater management at the Ranshofen site: Rainwater from roofs and areas with low levels of contamination are discharged into soak-aways, thus making a significant contribution to maintaining a natural water cycle. Numerous seepage basins and troughs have been constructed on the factory premises, which are continuously maintained. The controlled rainwater retention in the infiltration basins also reduces the risk of flooding and makes a positive contribution to groundwater recharge at the site. Soil samples are regularly taken and analysed for a variety of parameters by a certified external service provider to ensure that the basins and troughs are functioning properly and to rule out soil contamination.

Effluent from the Klostermühle plant landfill is subject to ongoing assessment, with regular cleaning and maintenance of the leachate pressure pipe and leachate basins.

Anticipated financial effects from pollution-related impacts, risks and opportunities

Financial effects from pollution-related risks

There were no unexpected financial effects in relation to the risks in the 2024 reporting year. Potential financial effects that may occur if risks materialise without preventive or mitigating measures (inherent state of risks) are recorded in risk management (see General information, Risk management section) and are currently classified as significant (EUR 10 to 50 million).

Actual financial effects in 2024

In the 2024 financial year, there were financial effects in connection with the remediation of contaminated sites totalling around EUR 98,000.

Provisions for contaminated sites

In addition, the obligation to remediate a new contaminated site and the associated expected financial burden of EUR 3.8 million (excluding possible subsidies) as at 31 December 2024 is sufficiently certain and probable. A corresponding provision was therefore recognised in the balance sheet.

Background on contaminated sites

A secured landfill site is located outside the AMAG plant premises, the effluents from which are pumped out and treated at the AMAG site in Ranshofen. The groundwater in the vicinity of the landfill is analysed at regular intervals. Another landfill site is located in AMAG forest in Furth am Walde, with the obligation to report annually to the responsible authorities on the environmental situation and precautionary measures. Two contaminated sites were defined at the Ranshofen site in 2024. These contaminated sites date from the period before privatisation in 1996, and the risks derived from these sites are continuously monitored.

No environmental incidents or violations

There were no environmental incidents or violations in connection with pollution in the 2024 reporting year. For this reason, no separate operating and investment expenses were incurred due to environmental incidents or occurrences.

Policies related to biodiversity and ecosystems

AMAG Austria Metall AG addresses biodiversity and ecosystems primarily through its responsible procurement management framework as an ASI (Aluminium Stewardship Initiative) member.

ESG Requirements for AMAG Suppliers

Scope:

• All significant new and existing suppliers and service providers
• Includes scrap, primary metal, rolling slab and alloy metal suppliers, as well as energy suppliers and service providers
• Extends to suppliers' own supply chains

Key content and principles:

• Protection of existing ecosystems
• Promotion of measures regarding animal welfare, biodiversity and soil quality
• Prevention of harmful interventions both by direct suppliers' business activities and by their suppliers
• Processes in the production and supply chain that are as environmentally friendly, energy- and resource-efficient as possible
• Minimisation of direct negative impacts on the environment, including pollution

Implementation:

• AMAG expects business partners to communicate ESG requirements to their employees
• Requirements must be implemented in suppliers' own business practices as part of corporate due diligence
• Implementation along the supply chain to be ensured as far as possible
• Supplier evaluation is carried out as part of responsible procurement management

Purchasing Guidelines and Procedural Instructions

Key content and principles:

• Aims to minimise purchasing-specific risks (e.g., significant dependencies)
• Ensures responsible procurement management, including biodiversity aspects
• Includes aspects of climate change and ecosystems, including biodiversity and soil quality

Environmental Guidelines (Ranshofen site)

Scope:

• AMAG forest area at the Ranshofen site (owned for more than 80 years)

Key content and principles:

• Minimising the impact on biodiversity
• Sustainable promotion of biodiversity at the Ranshofen site
• Ecological management concept based on six indicators:
  • Deadwood: Increase proportion of standing and lying deadwood of natural tree species
  • Old wood islands: Increase proportion of old wood (especially old, large-crowned deciduous trees and biotope trees)
  • Forest structure: Promotion of well-structured, uneven-aged, stable and climate-fit mixed forest
• Forest designated as welfare forest with balancing effect on climate and water balance
• Air and water purification and renewal

Integration:

• Measures to promote biodiversity at the Ranshofen site are included in the energy and environmental programme

ASI Membership Commitment

International standards linkage:

• AMAG Austria Metall AG is a member of the Aluminium Stewardship Initiative (ASI)
• Commitment to responsible procurement management aligned with ASI standards
• Processing of ASI-certified material enables labelling of AMAG products as ASI-certified
• Primary material predominantly sourced from closely monitored supply chain

Note on policy approach: AMAG does not operate mining or alumina refining sites. The company states that no negative impacts or risks were identified for its own business activities. Material potential negative impacts relate to AMAG's supply chain. AMAG does not have direct business relationships where potential impacts on biodiversity and ecosystems may occur, therefore involvement of local stakeholders, including people with indigenous and local knowledge, is not currently part of AMAG's stakeholder management.

Actions and resources related to biodiversity

Disclosure status: E4-3 is stated as "not material" in the ESRS index (page 277). However, the company provides voluntary disclosure on biodiversity actions at the Ranshofen site.

Voluntary actions disclosed (outside ESRS E4-3 requirements)

1. Ecological Management of AMAG Forest

Scope: Own operations (Ranshofen site)

Description: AMAG has owned the forest area around the Ranshofen plant site for more than 80 years. In accordance with the established forest development plan, the AMAG forest is designated as a welfare forest. A concept for ecological management has been developed based on six indicators:

• Deadwood: Increase the proportion of standing and lying deadwood of natural tree species in the forest
• Old wood islands: Increase the proportion of old wood (especially old, large-crowned deciduous trees and biotope trees)
• Forest structure: Promotion of well-structured, uneven-aged, stable and climate-fit mixed forest stands by continuously increasing the proportion of native hardwood species and rare woody plants
• Forest edges: Promotion of well-structured and zoned, boxed forest edges by introducing rare and endangered tree and shrub species and creating bays, shrub belts and forest mantle zones
• Biotopes: To promote valuable small and wetland habitats
• Promotion of rare or endangered animal and plant species: introduction of rare tree species and creation of flower meadows on the company premises

Link to policy: Anchored in environmental guidelines; minimising impact on biodiversity and sustainable promotion of biodiversity at the Ranshofen site are anchored in the environmental guidelines.

Resources: The aim of managing the AMAG forest is merely to cover the costs of the work performed as part of forest management and not to maximise operating profit. (No specific financial amounts disclosed)

2. Green Areas Management at Ranshofen Plant Site

Scope: Own operations (Ranshofen site)

Description: The green areas at the AMAG Ranshofen plant site cover around 25 hectares. They are laid out as meadows, rainwater infiltration areas, lawns and protective walls. Open spaces are utilised according to their ecological potential.

Measures:

• Avoiding the use of pesticides and fertilisers, contributing to the protection of insects
• Minimising impact on nature during construction activities
• Protecting animals and plants living in the surrounding area

Link to policy: Measures to promote biodiversity at the Ranshofen site are included in the energy and environmental programme.

3. Responsible Procurement Management (Upstream Value Chain)

Scope: Upstream value chain

Description: Supplier evaluation is carried out as part of responsible procurement management to ensure a sustainable supply chain. Processing of ASI-certified material to label AMAG products as ASI-certified, supporting responsible aluminium supply chains.

Link to other sections: More detailed explanations in section S2 - Workers in the value chain; performance in section G1 - Business conduct; targets in section E5 - Resource use and circular economy.

Resources: Not quantified in the biodiversity section.

Targets related to biodiversity and ecosystems

Not disclosed.

The company states that E4-4 (Targets related to biodiversity and ecosystems) is "not material" according to its ESRS index. While the company describes measures to promote biodiversity at the Ranshofen site, including forest management based on six ecological indicators (deadwood, old wood islands, forest structure, forest edges, biotopes, and promotion of rare/endangered species), no quantified targets with target years, baseline years, or target values are disclosed for this disclosure requirement.

Impact metrics related to biodiversity and ecosystems change

E4-5 is disclosed as not material in the ESRS index.

Land use footprint

In the 2024 reporting year, AMAG had a land area of around 300 hectares at the Ranshofen site:

• Industrially built-up area: around 100 hectares
• Company-owned forest: around 180 hectares (part of the Lachforst forest complex, managed by a forest warden)

Operations in or near protected areas

Ranshofen site (main site):

• Located a few kilometres away from:
  • Nature reserves "Unterer Inn" and "Buchenwald"
  • Fauna-Flora-Habitat area (FFH area) "Auwälder am unteren Inn"
  • Bird sanctuary "Salzachmündung" in Bavaria

Übersee site:

• Located near a "Fauna-Flora-Habitat" protected area and a bird sanctuary

Karlsruhe site:

• Located near biotopes on an old airfield with sand and rough grassland

Impact assessment

The company explicitly states:

• "AMAG does not carry out any activities at any of its sites in areas with biodiversity in need of protection, nor do AMAG activities have any direct negative impacts on areas with biodiversity in need of protection."
• "Furthermore, nothing is known about the impact of AMAG's activities on affected species."
• "No direct negative impacts in terms of land degradation, desertification or soil sealing have been identified."

An environmental impact assessment was successfully completed for the Ranshofen site in 2022. Experts concluded that the project is environmentally compatible.

Species impact metrics

No specific Red List species impact metrics are disclosed. The company states that "nothing is known about the impact of AMAG's activities on affected species."

Deforestation and restoration metrics

No deforestation footprint or hectares converted/restored metrics are disclosed.

Methodology notes

Protected areas were analysed using publicly accessible spatial information systems and interactive maps. The company works with external experts from the University of Natural Resources and Life Sciences, Vienna for the AMAG forest management.

Transition plan and consideration of biodiversity and ecosystems in strategy and business model

Resilience of the strategy and business model

AMAG does not operate any mining or alumina refining sites. No negative impacts or risks were identified for the company's own business activities in the course of the materiality assessment. The material potential negative impacts relate to AMAG's supply chain, which is why the resilience assessment in the area of biodiversity and ecosystems also relates primarily to the supply chain. Risks such as a shortage of raw materials or the loss of suppliers due to non-compliance with ESG requirements are listed in E5 - Resource use and circular economy. The consideration of risk classification is short-term and is evaluated on an ongoing basis as part of AMAG's risk management (see General information, Risk management section).

AMAG anticipates that all business partners will actively support the company in fulfilling its responsibility along the supply chain by communicating the ESG requirements for AMAG suppliers, which also include requirements relating to biodiversity and ecosystems, to their employees, implementing them in their own business practices as part of their corporate due diligence and ensuring that they are implemented along their supply chain as far as possible.

As AMAG does not have direct business relationships where potential impacts on biodiversity and ecosystems may occur, the involvement of local stakeholders, including people with indigenous and local knowledge where appropriate, is not currently part of AMAG's stakeholder management.

Integration into strategy and business model

As an ASI member, AMAG Austria Metall AG has committed to responsible procurement management for all significant new and existing suppliers and service providers (including scrap, primary metal, rolling slab and alloy metal suppliers, as well as energy suppliers and service providers). ESG requirements for AMAG suppliers explicitly call for the protection of existing ecosystems and the promotion of corresponding measures with regard to animal welfare, biodiversity and soil quality, as well as the prevention of harmful interventions both by the business activities of direct suppliers and by their suppliers.

Use of frameworks

AMAG is a member of the Aluminium Stewardship Initiative (ASI) and has committed to responsible procurement management requirements.

Supply chain scope and limitations

Central strategies and concepts (ESRS E4-2) note that AMAG is not currently able to directly consult affected communities along the supply chain, as the company does not have any direct business relationships with mining companies, for example.

ESRS E5-4 – Resource Inflows

AMAG discloses detailed metrics on resource inflows including raw materials and water. The main resources used in the production of semi-finished aluminium products and components are aluminium scrap, primary aluminium and rolling slabs, and alloy metals such as magnesium, silicon, manganese, copper and zinc, as well as semi-finished products made of aluminium, titanium and iron for component production at AMAG components. In addition, cooling and process water, which cannot be recirculated, as well as auxiliary and operating materials are used in production.

The number of aluminium scrap suppliers is 159 (2023: 153). 16 main suppliers (2023: 16) cover 50% of the total scrap requirement.

The quantities of raw materials reported are the weights according to AMAG's incoming goods inspection for scrap, primary aluminium, rolling slabs and alloy metals.

External Procurement of Raw Materials

Figures for the individual items are rounded

In the 2024 financial year, the scrap input (purchased external scrap and recycled scrap from own production) amounted to around 294,700 tonnes (2023: 295,500 tonnes). This corresponds to an average scrap utilisation rate of 76.0% (2023: 76.1%) across all products.

Water Resources

The specific industrial water withdrawal at the Ranshofen site amounted to 5.1 m³/t in 2024 (2023: 5.7 m³/t). The reduction in industrial water withdrawal results from the change in the production mix and capacity utilisation. Drinking water extraction, based on the quantities withdrawn by AMAG Ranshofen, other companies at the site and the municipality of Braunau, totalled 157,000 m³ (2023: 113,000 m³). Industrial water production, including external companies based at the site, totalled 3,263,000 m³ (2023: 3,611,000 m³).

Packaging Materials

Packaging materials made of wood, paper and plastic are used to ensure safe transport. The actual weights are used to determine the packaging materials for Ranshofen. To determine the quantity of packaging materials for AMAG components, a quantitative estimate is made based on the order quantities of packaging materials for the Übersee site. In addition, reusable transport containers (around 180 units) are used for component transport.

Figures for the individual items are rounded

The proportion of organic materials in packaging is around 70% (2023: 64%). Wood for the production of transport pallets is sourced by suppliers exclusively from sustainable forestry (PEFC certification) or regional forestry (Germany and Austria). This means that the proportion of wooden pallets that are sustainably sourced is 100%.

Critical and Strategic Raw Materials

Aluminium, titanium and alloy metals such as copper, magnesium, manganese, etc., as well as the aluminium ore bauxite and alumina are on the list of critical and strategic raw materials in accordance with Annex II of Regulation (EU) 2024/1252 establishing a framework to ensure a secure and sustainable supply of critical raw materials. No rare earths are used in the manufacturing process.

Additional Context

No biological materials (excluding packaging) are used in the manufacture of AMAG products.

No conflict minerals were purchased in the 2024 reporting year.

Due to the focus on the material flows of the main raw materials, the technically possible use of secondary raw materials for the production of packaging and the proportion of recycled materials is not yet fully known. According to manufacturers, the use of secondary raw materials for stretch films is not yet feasible due to the technical requirements for AMAG applications.

Resource outflows

AMAG maintains a 100% recyclability of all aluminium products, enabling closed-loop material cycles. The company produces approximately 5,000 different products based on over 200 alloys at the Ranshofen site.

Recyclability and recycled content:

• Target: Maintaining 100% recyclability and closed-loop orientation of AMAG products (achieved in 2024)
• Average scrap utilisation rate: 76.0% in 2024 (target range: 75-80%)
• ASI-certified scrap proportion: 43% in 2024 (target: >35%)
• 294,700 tonnes of aluminium scrap processed in 2024

AMAG AL4® ever product portfolio: AMAG offers products with certified low CO2 footprints, externally verified according to ISO 14067:

• Primary aluminium products: ≤4.0 tonnes CO2/tonne aluminium (represents >70% reduction vs. global average of 14.8 tonnes CO2/tonne)
• Products manufactured with high recycled content and renewable electricity
• Recycled content defined according to ISO 14021

The calculation of product-related CO2 footprint is externally verified, and certificates guarantee customers the low emission values. Aluminium can be recycled infinitely without any loss of quality, requiring only around 5% of the energy needed to produce primary aluminium.

Design for circularity: AMAG focuses on:

• Alloy-to-alloy recycling capabilities
• Recycling-compatible alloys and crossover alloys
• Closed-loop concepts with customers
• Products designed for end-of-life recovery and remelting

AMAG components (Germany) manufactures ready-to-install structural parts and assemblies for the aerospace industry through mechanical processing. By recycling production waste and using scrap after product utilisation, the resource conservation cycle is closed at the Ranshofen site.

Waste

Waste management targets and performance:

Total waste generated at Ranshofen site (2024):

Note on 2023 figures: Production-specific waste figures excluding salt slag for 2023 were published in the 2023 Annual Report as at the reporting date. Key waste figures may change until the annual waste balance sheet is reported to the responsible body (15 March of the following year). Final key figures for 2023 are reported in section E5.

Waste treatment and disposal (Ranshofen site, 2024):

Waste management approach:

WASTE MANAGEMENT STRATEGY: At the Ranshofen site, waste management follows the waste hierarchy principle, with the primary goal of waste avoidance and reduction. Unavoidable waste is segregated at the point of generation into categories for optimal disposal pathways:

• Recycling as the preferred option
• Thermal utilisation with energy recovery
• Safe disposal for hazardous waste

The Energy and Environmental Management department coordinates waste management. All waste is documented systematically with system support, and data is collected continuously, monthly, or quarterly depending on waste streams.

Salt slag: Salt slag is a by-product of aluminium melting that contains metallic aluminium and salt. AMAG has established partnerships with external processors who recover aluminium and salt from the slag for reuse. The recovered aluminium is returned to AMAG's production cycle, and the salt is reprocessed. This represents a circular economy approach to this significant waste stream.

Hazardous waste: Hazardous waste (2,763 tonnes in 2024) includes materials such as contaminated operational waste, oils, and chemicals. These materials are handled according to strict regulations and disposed of through certified waste management companies.

Performance: The specific waste volume of 18.4 kg/t in 2024 represents a 2.6% improvement compared to 2023 (18.9 kg/t), though it did not yet achieve the target of <16 kg/t. The total waste volume including salt slag increased from 45,975 tonnes in 2023 to 50,138 tonnes in 2024, primarily due to increased salt slag generation (39,700 tonnes vs. 35,600 tonnes).

AMAG components sites: No separate waste data is disclosed for the Karlsruhe and Übersee sites in Germany.

Policies related to resource use and circular economy

AMAG Austria Metall has established several policies and guidelines governing resource use and circular economy practices, particularly focused on procurement, raw materials management, and recycling operations.

Corporate Policy on Resource and Energy Efficiency

Key principles:

• Increasing resource and energy efficiency along the value chain is part of the corporate policy
• Preservation of non-renewable resources for future generations is a top priority
• Sustainable procurement and utilisation of renewable raw materials, primarily relevant for packaging materials such as paper and wooden boards
• Addressed as part of environmental management

Scope: Value chain

Implementation: At the Ranshofen site, implementation is governed by internal procedural instructions

Purchasing Guidelines

Key principles:

• Regulate the entire procurement process
• Define competences of the Procurement department and persons responsible for purchasing
• Establish cooperation with other requirements departments of AMAG companies
• Preference given to suppliers with ISO 9001/14001/45001 certifications and safety management systems
• Suppliers must pay attention to efficient use of energy when providing services
• With the same quality and prices, local suppliers from Upper Austria and the Innviertel region are favoured for the Ranshofen site to promote local value creation

Scope: All companies at the Ranshofen site; central service provider for all operational departments

Decision criteria: Specifications, quality, environmental, occupational safety and information security requirements

Metal Management Guideline

Key principles:

• Regulates commodity trading
• Handles aluminium price risk

Foreign Trade and Export Control Directive

Key principles:

• Regulates compliance with all legal requirements of foreign trade law
• Ensures compliance in the cross-border movement of goods

Cross-reference: Further information in section G1 - Business conduct

AMAG Procedural Instruction "Non-financial statement - EU Taxonomy"

Key principles:

• Regulates responsibilities in connection with implementation of EU Taxonomy Regulation

Governance:

• AMAG accounting department responsible for tracking legislative changes, defining and allocating sustainable economic activities, selecting environmental objectives, and reviewing assessment criteria
• Cooperation with AMAG management systems
• Controlling departments responsible for collecting taxonomy-relevant key figures
• AMAG management systems prepares DNSH assessment reports

ASI Implementation Procedural Instructions

Key principles:

• AMAG is committed to environmentally friendly production, responsible resource management and social responsibility
• Integrity and reliability expected from all business partners
• All business partners anticipated to actively support the company's central principles

Implementation framework:

• Procedural instructions "Implementation of the ASI Performance Standard"
• Procedural instructions "Implementation of the ASI Chain of Custody Standard"
• Procedural instructions "ASI-related communication"

Scope: Site and along the supply chain

Membership: Aluminium Stewardship Initiative (ASI)

Monitoring: Regular jour fixe meetings and internal audits ensure interdisciplinary dialogue and compliance with obligations

Recycling and Scrap Management Processes

Key principles:

• State-of-the-art technologies for metal assessment, separation and sorting at RecyclingCenter Ranshofen
• All incoming scrap deliveries undergo radioactivity testing
• Scrap sampling is a key support process
• Separation by type to avoid mixing different alloys
• Sensor-based sorting systems (LIBS and XRT technology) for chemical properties and composition separation

Documentation: Work processes defined in sampling test instructions

Water Management

Key principles:

• Water supply at Ranshofen site provided by three waterworks
• Optimisation of circulation systems to maintain constant specific service water consumption
• Most cooling water is recirculated
• Wastewater treatment with continuous monitoring of key parameters
• Regular analysis by internal and external laboratories

Governance: Based on water licence issued by authorities

Monitoring: Continuous measurement via probes; automatic channelling into separate tank if measured values exceeded

Actions and resources related to circular economy

ASI Performance Standard V3.1 and CoC Standard V2.1 Implementation

What it does: Implementation of extensive requirements of the ASI (Aluminium Stewardship Initiative) Performance Standard V3.1 and Chain of Custody Standard V2.1, with successful recertification completed in 2024.

Scope: Upstream value chain (purchasing ASI-capable material including primary aluminium, rolling slabs, and certified scrap from suppliers)

Materials processed:

• ASI-eligible scrap includes "post-consumer" scrap (used rims, aluminium scrap from end-of-life vehicles, used aluminium packaging)
• Aluminium dross

Outcome: Products can be labelled as ASI-certified, offering customers the opportunity to support responsible aluminium supply chains and sustainable production.

CLOSED LOOP Expansion

What it does: Expansion of resource-conserving closed-loop relationships through ongoing talks and contract conclusions/extensions with customers.

Scope: Downstream value chain

Outcome: Ensures high-quality recycling for customers and return delivery of scrap leading to closing of material cycles. Leverages aluminium's 100% recyclability without quality loss.

EXPANSION OF SORTING PLANT CAPACITY

What it does: Further expansion of recycling capacity and expertise in scrap sorting to better utilize increasing supply of mixed scrap.

Scope: Own operations

Outcome: Significant contribution to ensuring supply of primary material for high-quality alloys.

SMA²RT Research Project

What it does: "Simulation, Measurement and Automation of Aluminium Recycling Technologies" project aims to reduce energy consumption of smelting furnaces through efficient scrap use based on exhaust gas values and optimize increase in use of secondary raw materials with organic adhesions.

Scope: Own operations

Status: Final steps currently being taken to ensure plant availability, finalize data assessment and integrate required data into melting furnace control system.

SCRAdP Research Project

What it does: "Scrap characterisation for recycling, automation and digitisation processes" research project.

Scope: Own operations

Status: Project mentioned but details not fully disclosed.

WASTE REDUCTION Programme

What it does: Waste reduction potential evaluation and project implementation as part of energy and environmental program.

Scope: Own operations

Non-financial resources: Regular employee training on waste reduction and correct disposal via CIP screens located at collection points in factory halls.

Management: Topic addressed and documented in environmental management with appropriate measures derived as necessary.

INSTALLATION OF WATER DISPENSERS

What it does: Replacement of beverage supply system in response to Austria's deposit system for disposable drinks packaging (introduced 1 January 2025). Water dispensers installed in tea kitchens and staff rooms at Ranshofen site to cool tap water and add carbon dioxide.

Scope: Own operations (Ranshofen site)

Time horizon: Implemented 2024/2025

Outcome: Avoids 290,000 PET bottles and 15 tonnes of waste per year. Orders for sweet drinks cancelled.

Process Optimisation

What it does: Process Optimisation department carries out targeted projects to optimize energy consumption, reduce use of auxiliary and operating materials, and standardize process management (charging sequence, use of salt, etc.).

Scope: Own operations

Supply Chain Due Diligence Preparation

What it does: In 2023 financial year, adaptation of Purchasing Guideline, procedural instructions ("sustainable procurement management") and General Terms and Conditions in preparation for internal handling regarding future EU supply chain law.

Scope: Upstream value chain

Time horizon: Prepared in 2023

Components Production Contribution

What it does: AMAG components production sites separate machining residues (chips) by type.

Scope: Own operations

Outcome: Key contribution to closing the AMAG cycle.

Centralized Waste Management (2021)

What it does: Operation of new interim waste storage facility built in 2021 with centralized collection and digital recording of waste by type, quantity, origin and whereabouts. Direct disposal of specified waste streams (filter dust, emulsions, salt slag) by companies.

Scope: Own operations

Time horizon: Facility built in 2021, operational ongoing

Targets related to circular economy

AMAG Austria Metall has disclosed the following targets related to resource use and circular economy (E5-3):

Progress Notes

• ✓ = achieved
• ⚠ = on course / delayed

Baseline Information

The document provides performance data for 2023 which serves as a comparison baseline for 2024 targets. However, explicit baseline years for medium-term targets are not disclosed.

Target Characteristics

• Intensity-based targets: Scrap utilisation rate (%), waste volume (kg/t), water withdrawal (m³/t)
• Absolute targets: ASI-certified aluminium procurement (tonnes), recyclability (%)
• Science-based/External validation: ASI certification standards referenced; low carbon aluminium verification completed
• Scope: Primarily own operations (Ranshofen site, casthouses), with Group-wide procurement guidelines

Anticipated financial effects from resource use and circular economy-related impacts, risks and opportunities

Risk management integration

The anticipated financial impacts of significant risks and opportunities are mapped in AMAG's risk management system. (ESRS E5-6)

The performance from the context assessment and the determination of environmental aspects and impacts from the environmental management system in accordance with ISO 14001 and AMAG's risk management serve as the basis for the assessment.

Financial impacts of risks

In relation to the risks, there were no unexpected financial impacts in the 2024 reporting year. Potential financial impacts that may occur if risks materialise without preventive or mitigating measures (inherent risks) are recorded in risk management (see the General information section, Risk management section) and are currently classified as between low and significant (EUR 3 million to EUR 50 million).

Financial impacts of opportunities

Potential positive financial impacts result from AMAG's competitive advantage through high recycling rates in the products, which are achieved through a suitable procurement strategy on the one hand, and through the decades-long focus on recycling and the associated corresponding plant technology in the casthouse and at the Ranshofen recycling centre on the other, thereby saving costs, conserving resources and sustainably improving the environmental balance of the products. In addition, aluminium has the material property that it is 100% recyclable and can therefore be kept in the cycle.

Compensation metrics (ESRS S1-16)

Pay gap

Gender pay gap: The difference between the basic salary of female and male employees, expressed as a percentage of the basic salary of male employees, is 99%.

The calculation takes into account all employees including apprentices, blue-collar and white-collar workers, managers and the Management Board. The data is based on the local payroll systems of the Ranshofen site (Austria) and the Karlsruhe and Übersee am Chiemsee sites (Germany) and is calculated on the basis of the average basic salary (gross hourly earnings) of employees.

Remuneration ratio

Ratio of annual total remuneration: This key figure represents the ratio of the highest-paid individual to the median annual total remuneration of all other employees. The total remuneration owed to the CEO of AMAG Austria Metall AG (according to the 2024 remuneration report) was used for the highest-paid individual. To calculate the median total remuneration of all employees, other cash and non-cash benefits of all employees (excluding Management Board members) were considered in addition to the basic salary.

The factor in 2024 was 23.1.

Methodology

The gender pay gap and the ratio of total annual remuneration are reported for the first time in AMAG's non-financial statement in 2024; accordingly, no prior-year figures are published.

The gender pay gap calculation is based on average basic salary (gross hourly earnings) and includes all employee categories across Austrian and German sites. The remuneration ratio uses CEO total remuneration from the 2024 remuneration report compared to median total compensation (including cash and non-cash benefits) of all other employees excluding Management Board members.

Health and safety metrics

Coverage of health and safety management system

100% of employees are covered by the company's health and safety management system. The Ranshofen site is certified according to ISO 45001.

Fatalities, injuries and work-related ill health

TRIFR calculation methodology: Total Recordable Injury Frequency Rate includes accidents (per capita) with lost time injury (LTI) plus incidents requiring medical treatment, measured per 1,000,000 productive hours (number of employees in FTE × 1,600 h + actual temporary employee hours). Commuting accidents and accidents involving employees of external companies at the site are not included in the statistics.

The cases of work-related illnesses include cases that were reported to the company, including by doctors or health authorities. In addition, cases of work-related illnesses that were identified in 2024 among people who were employed by AMAG in the past are also taken into account. There were no such cases of work-related illnesses in 2024.

Target performance

AMAG set a target to reduce the TRIFR accident rate to ≤1.0 (per 200,000 hours) as part of the 'zero accidents' strategy. The 2024 TRIFR was 1.9 per 200,000 hours (2023: 2.1), falling short of the defined target value. The company has decided to maintain the ambitious target for 2025.

Adequate wages

AMAG guarantees fair pay that corresponds at least to the statutory minimum wage for the place of employment and is based on the principle of equal pay for work of equal value regardless of gender.

Austria (Ranshofen site):

• The minimum wage defined in the collective agreement (2024: EUR 2,424.45) serves as a reference value for appropriate remuneration of employees at the Ranshofen site
• Company wage and salary regulations define options for overpayment and combine competitive basic remuneration with extensive additional benefits

Germany (AMAG components sites):

• The general statutory minimum wage applies as a reference value
• Wage and salary agreements are based on pay customary in the industry in Bavaria and Baden-Württemberg and comply with all requirements under German and EU law

Social protection: All AMAG employees are covered by the state against loss of earnings (due to illness, unemployment, accidents at work, disability, parental leave and retirement) or by additional company pension programmes (health and retirement benefits). The pension scheme can be utilised from the age of 20 and the 3rd year of service.

No living wage benchmark disclosed. The company references only statutory minimum wages and collective bargaining agreements as reference values for adequate remuneration.

Policies related to own workforce

AMAG Austria Metall AG has implemented several policies related to its own workforce, addressing working conditions, occupational health and safety, diversity and equal opportunities, training and development, and human rights.

Company Agreements (Works Agreements)

Scope: All employees at the Ranshofen site (Austria). Various company agreements apply according to the Austrian Labour Constitution Act (ArbVG).

Governance: Concluded between the Management Board, the companies, and the workers' and employees' works councils. The HR department is responsible for compliance and implementation.

Key content:

• Company working time regulations (works agreement pursuant to Section 97 (1) 2/13 ArbVG): Regulates maximum daily and weekly working hours, flexitime models, holiday entitlement, and overtime
• Company working time regulations - home office (works agreement pursuant to Section 97 (1) 2/13 ArbVG): Framework and remuneration conditions for employees working at an extraordinary workplace
• Company wage and salary regulations (works agreement pursuant to Section 96 (1) (4) ArbVG): Defines overpayment, bonuses (e.g. shift allowances), and allowances (meal allowance)
• Framework works agreement on employee data protection: Regulates use of personal data and control rights of the works council regarding lawful processing of personnel data
• Company suggestion scheme (BVW) works agreement: Promotes creativity and initiative by introducing suggestions for improvement with financial rewards

Public availability: Accessible to all employees via the internal company platform.

Links to standards: Must comply with legal and collective agreement requirements including the Labour Constitution Act and collective agreements for the non-ferrous metals industry association. All works agreements aim to create favourable conditions beyond existing laws.

Monitoring: HR department is responsible for compliance and implementation.

AMAG Code of Conduct

Scope: All AMAG employees and business partners.

Governance: Developed on the basis of legal requirements and own standards, regularly evaluated and adapted, adopted by a resolution of the Management Board.

Key content: Serves as a guideline for correct business ethics, including:

• Fair and free competition
• Avoidance of conflicts of interest (including prevention of corruption)
• Protection against discrimination
• Protection of information and data
• Corporate policy
• Human rights
• Reporting of misconduct

Public availability: Available on the company website and distributed to new employees. Also accessible via ALEX e-learning training course with mandatory annual completion.

Links to standards: Based on legal requirements and internationally recognized standards.

Monitoring: Training on the Code of Conduct must be completed annually by all employees. Compliance Committee reports regularly to Management Board.

AMAG Code of Human Rights

Scope: All employees at all AMAG sites and suppliers.

Governance: Developed on the basis of legal requirements and own standards, regularly evaluated and adopted by a resolution of the Management Board.

Key content:

• Prohibition of child labour and any other form of forced or compulsory labour (modern slavery)
• Protection against discrimination
• Commitment to diversity and equal opportunities
• Freedom of association and collective bargaining
• Fair working hours and appropriate remuneration

Public availability: Available on the company website. Regular online training via the ALEX e-learning system.

Links to standards:

• International Bill of Human Rights (Universal Declaration of Human Rights, International Covenant on Civil and Political Rights, International Covenant on Economic, Social and Cultural Rights)
• ILO core labour standards, particularly ILO Conventions on fundamental principles and rights at work
• UN Guiding Principles on Business and Human Rights
• OECD Guidelines for Multinational Enterprises
• UN Global Compact (UNGC)
• Aluminium Stewardship Initiative (ASI)
• Diversity Charter (signatory since 2023)

Monitoring: Regular training. Departments dealing with human rights issues receive insights and recommendations for action.

Guideline on Respectful Behaviour

Scope: All employees at AMAG sites.

Governance: Adopted by Management Board, distributed to all employees.

Key content:

• Regulates procedure for employees, line managers, and AMAG contact points in the event of stressful situations such as bullying, harassment, discrimination, and violence in the workplace
• Aims to raise awareness of respectful and inclusive behaviour
• Defines internal contact points (HR department, line managers, persons of trust)
• Provides protection for reporting persons from retaliation or repression

Public availability: Available on the ALEX learning platform and included in information folder for new employees since December 2024.

Links to standards: Addresses discrimination and harassment in line with ILO Convention No. 111.

Monitoring: All reported suspicions or incidents are dealt with by HR department with suitable remedial measures. From 2025, mandatory annual training on this policy.

Occupational Health and Safety Management System (ISO 45001)

Scope: All employees (including temporary workers) at the Ranshofen site.

Governance:

• Management Board and management of individual companies are responsible
• Occupational safety department assigned to management systems division, head reports directly to CEO
• Safety Management Committee (SILAS) is highest supervisory body, chaired by Management Board
• Occupational Safety Committee (ASA) deals with safety incidents and improvement measures

Key content:

• Workplace evaluation
• Incident/safety audit database
• Legal compliance
• Machine safety
• Personal protective equipment requirements
• Emergency and rescue measures

Public availability: Documented in corresponding guideline integrated into management system.

Links to standards: ISO 45001 certified at Ranshofen site.

Monitoring: Extensive safety instructions and audits, training measures, workshops as part of continuous improvement process (CIP). Regular internal and external audits. Annual occupational safety programme reviewed by SILAS.

Data Protection Directive

Scope: All AMAG employees and data subjects.

Governance: Data protection team and data protection coordinators ensure legally compliant use and processing of personnel data.

Key content:

• Fulfils requirements of General Data Protection Regulation (GDPR)
• European Convention on Human Rights (ECHR)
• Charter of Fundamental Rights of the European Union
• Defines AMAG's data protection policy
• Regulates data subject rights
• Technical and organisational measures

Public availability: Privacy policy available on AMAG website.

Links to standards: GDPR, ECHR, Charter of Fundamental Rights of the European Union.

Monitoring: Regular training on data protection (part of Code of Conduct training). Data protection team maintains all data protection directories. Regular audits.

Environmental Guidelines

Scope: All employees and external contractors.

Governance: Subject to resolution by the Executive Board.

Key content:

• Quality, occupational health and safety
• Environmental protection
• Energy efficiency
• Information security
• Principle of continuous improvement
• Reduction and recycling of waste
• Reduction of water consumption

Public availability: Published on the intranet.

Links to standards: Organized according to high-level structure of ISO system standards (ISO 9001/14001/45001).

Monitoring: Certified management systems for occupational safety, quality, environment, and energy.

Taking action on material impacts on own workforce

Working Conditions

Company Agreements

Company agreements are concluded between the Management Board, the companies and the workers' and employees' works councils. The HR department is responsible for compliance and implementation. Company agreements apply to all employees at the Ranshofen site and are accessible via the internal company platform.

Scope: Own operations (Ranshofen site)

Central company agreements include:

• Company working time regulations (works agreement pursuant to Section 97 (1) 2/13 ArbVG): Regulates maximum daily and weekly working hours for all employees at the Ranshofen site, defines flexitime models, holiday entitlement and overtime
• Company working time regulations - home office (works agreement pursuant to Section 97 (1) 2/13 ArbVG): Framework and remuneration conditions for employees at the Ranshofen site for an extraordinary workplace
• Company wage and salary regulations (works agreement pursuant to Section 96 (1) (4) ArbVG): Defines overpayment, bonuses (e.g. shift allowances) and allowances (meal allowance) for employees at the Ranshofen site
• Framework works agreement on employee data protection: Regulates the use of personal data and control rights of the works council
• Company suggestion scheme (BVW) works agreement: Promotes creativity and initiative of all employees by introducing suggestions for improvement and rewarding them financially if implemented

Code of Conduct & Human Rights

The AMAG Code of Conduct and the AMAG Code of Human Rights are regularly evaluated and adapted where necessary and adopted by a resolution of the Management Board. They set out work-related rights including prohibition of child labour and any other form of forced or compulsory labour (modern slavery), protection against discrimination and a commitment to diversity and equal opportunities.

Scope: All AMAG sites and suppliers

Compliance Measures

• Implementation of legal and regulatory requirements and changes
• Retention of flexible working time models and established home office rules
• Employees have a stake in the company via the AMAG Arbeitnehmer Privatstiftung foundation
• Offer several weeks of holiday care for children
• Exchange with employees and their representatives (works council)
• Measures in the areas of occupational health and safety as well as training and further education
• Broad-based recruiting and internships

Employee Involvement

• AMAG Arbeitnehmer Privatstiftung (AMAG Employees' Private Foundation): Holds 11.5% of the company's shares and enables employees to participate directly in AMAG's success
• Four-week holiday care programme for children: In 2024, 56 children took part in the programme at the Ranshofen site
• Works Council activities: Annual publication of Works Council newspaper, support services in health and leisure, advice on employees' personal concerns

Contact Points

Multiple contact points implemented to offer all employees, particularly potentially vulnerable groups or minorities, the opportunity to bring concerns to the company in confidence:

• Direct line managers
• HR department
• Apprentice coach
• Youth Council of Confidence
• Women's Representative
• Occupational psychologist
• AMAG Compliance Line

Scope: Own operations Time horizon: Ongoing

Recruiting

• Use of social networks in addition to job advertisements on AMAG website
• Intensification of presence at schools: class partnerships, internships, supervision of pre-scientific theses
• Cooperation with universities: supervision of research projects
• Annual offer of internships for practical experience

Scope: Own operations Time horizon: Ongoing

Occupational Health and Safety

Management System in accordance with ISO 45001

Processes and standards in occupational safety are based on ISO 45001 requirements, integrated into the existing management system. The management system is certified at the Ranshofen site. All employees (including temporary workers) are covered.

Scope: Own operations (Ranshofen site) Resources: Extensive safety instructions and audits, training measures and workshops as part of continuous improvement process (CIP) Expected outcomes: Regular checking of effectiveness through internal and external audits

Safety Software (Quentic)

Modular, cloud-based database used to record and document legal and normative requirements relating to occupational safety, incident management, audits and hazardous substances. Data can be recorded on mobile devices via app.

Scope: Own operations

Safety Management Committee - SILAS

Highest supervisory body for occupational safety and health management, chaired by the Management Board. Reviews legal compliance and effectiveness of occupational health and safety on the basis of defined performance indicators.

Permanent SILAS members:

• Management Board
• Management of the operating companies
• Occupational safety officer
• Preventive staff (safety specialist)
• Occupational medicine
• Human resources department and works council

Scope: Own operations Time horizon: Ongoing

Personal Protective Equipment - PPE

Mandatory wearing of protective equipment in production areas:

• Head protection
• Hearing protection
• Work clothing
• Safety shoes
• Additional regulations for certain areas or activities

Scope: Own operations (production areas)

Key Topics in Occupational Health and Safety 2024

• Awareness raising of safety representatives (SVP), managers and new employees with regard to occupational safety
• Communication of safety topics via AMAG Connect and display of safety topics on CIP screens at exposed points in production
• Safety offensive 2024: In accordance with the STOP principle (substitution of potential hazards, technical and organisational measures, personal protective equipment), new protective equipment was specified and a new concept for emergency showers was developed and implemented
• AMAG Safety Week
• Increased analysis and focus on incidents with high risk potential
• Rescue chain exercise: Re-enactment of various accident situations including first aid, securing the accident site and checking the functioning of the information chain
• Increased presence of the occupational safety department on site: safety tours, audits, personal counselling
• Crisis exercise in cooperation with external emergency services and authorities

Scope: Own operations Time horizon: 2024

Company Health Promotion

AMAG site in Ranshofen bears the "Seal of Quality for Workplace Health Promotion" (BGF). Measures are especially effective in the areas of occupational safety, ergonomics, nutrition and psychosocial health care. Health promotion is integrated into the CIP system.

Scope: Own operations (Ranshofen site) Expected outcomes: National award in the area of employee health

Health Promotion Measures 2024

• Workplace evaluations
• First aid exercises in the company
• Safety training and presentations
• AMAG health check
• Carrying out company vaccinations
• Physiotherapy and back-fit courses on offer
• Free offer for psychological counselling
• Implementation of occupational safety priorities in the AMAG companies
• Promotion of participation in running events

Scope: Own operations Time horizon: 2024

Diversity and Equal Opportunities

Guideline on Respectful Treatment

Provides assistance for potentially stressful situations (discrimination, harassment, bullying, violence) on morally correct behaviour. Lists contact points within AMAG that can be contacted in the event of concerns or incidents. Training on respectful behaviour prepared to be completed annually from 2025.

Scope: All employees Time horizon: From 2025 ongoing Resources: Training programme Expected outcomes: 100% of employees trained by 2025 and ongoing

Innovative Diversity and Women's Promotion

• Women's Representative: Appointed since 2023 as a point of contact specifically for female employees to discuss concerns in confidence and identify possible solutions and development opportunities
• Women's Management Team: Aims to promote the advancement of women within the company. Team meets at regular intervals, discusses current issues and reports to the Management Board, which informs the Supervisory Board if necessary
• Stakeholder dialogues: Discussions held with the Women's Representative, Apprentice Coach and Youth Council of Confidence to take key issues into account

Scope: Own operations Time horizon: Ongoing (since 2023)

Training and Further Education

Employee Target & Development Dialogue (MAZEG)

Annual dialogue between employees and managers to determine the need for further training and introduce appropriate training and development measures. Structured training programmes create an internal pool of young talent who receive targeted support.

Scope: Own operations Time horizon: Annual Expected outcomes: 90% of employees participate

Continuing Education Programmes

• AluAkademie (Ranshofen site): Creates the basis for AMAG-specific knowledge. Launched in 2024. 69 participants in 2024.
• Master Craftsman Academy (Ranshofen): Offers employees from the production field an opportunity for further development. Launched in 2024. 26 participants in 2024.
• Expert Programme: Prepares technical experts and junior managers for taking on responsible tasks. Held in blocks at external locations enabling AMAG components employees to participate. 42 participants in 2024 (38 Ranshofen, 4 components).
• Management Programme: Further develops and strengthens skills. Held in blocks at external locations. 21 participants in 2024 (19 Ranshofen, 2 components).
• Young Talents Programme: Prepares participants to take on key positions in the company. Takes place every five years. Launched again in 2024 with 12 participants.
• Vocational maturity examination courses: Employees at the Ranshofen site able to enrol since 2024.

Scope: Own operations (Ranshofen and AMAG components) Time horizon: Ongoing programmes Resources: Building on each other, job rotation, in-house training

Trainee Programme

Strategic personnel development measures to recruit and promote young talent. Through at least 18 months of in-house training (job rotation), qualification and specialist training are combined with the further development of personal skills.

Scope: Own operations Time horizon: Minimum 18 months Resources: HR Development department involved from outset

Apprenticeships at AMAG

AMAG offers training in eleven apprenticeships at the Ranshofen site alone in cooperation with Ausbildungszentrum Braunau (ABZ) (AMAG holds a stake). Apprentices receive practice-oriented training in modern workshops in various specialist areas and complete their basic metal training as well as specialised modules at the ABZ. Option of an apprenticeship with a school-leaving certificate available. Young people also trained in both industrial and commercial areas at AMAG components sites in Germany.

Scope: Own operations (Ranshofen and Germany) Resources: Cooperation with Ausbildungszentrum Braunau (ABZ), modern workshops Expected outcomes: 22% female apprentices in 2024, target 25% by 2027

Apprentice Coach

Additional contact person for apprentices at the AMAG site in Ranshofen who can address individual concerns and needs in personal discussions. Active dialogue intended to prevent conflicts and misunderstandings. Apprentices continuously accompanied and supported in their training, including tutoring courses in various subjects.

Scope: Own operations (Ranshofen site) Time horizon: Ongoing Resources: Dedicated coach role, tutoring courses

AMAG Learning & Expertise (ALEX)

E-learning platform providing all employees with simple, fast and flexible access to training content required as part of mandatory training programme. In addition to mandatory training courses, platform offers wide range of further training courses that can be booked independently by employees. Available to all employees in Ranshofen and at both AMAG components sites.

Expanded learning programme launched in 2024 with over 100 courses. Employees can independently create a programme tailored to their interests and development potential and complete it digitally.

Scope: All employees (Ranshofen and AMAG components) Time horizon: Ongoing (expanded 2024) Resources: Digital platform, over 100 courses Expected outcomes: Average of 27 hours of training and development per employee in 2024 (target: 2 days/16 hours minimum)

Learning Quarter

Created at Ranshofen site since autumn 2023 - rooms specially designed and equipped for training and further education purposes. Creation of suitable and appealing learning environment intended to promote employees' willingness to undergo training and further education.

Scope: Own operations (Ranshofen site) Time horizon: Since autumn 2023 Resources: Dedicated training rooms Expected outcomes: At least 60% utilisation target (54% achieved in 2024)

Project Seitenwechsel

In 2024, AMAG Austria Metall AG supported the "Seitenwechsel" project implemented by the association of the same name and initiated by the MEGA Education Foundation. Offers teachers from Austrian schools the opportunity to work in a company for a year and gain and contribute valuable experience.

Scope: Own operations Time horizon: 2024 (one-year project) Expected outcomes: Integration of external and educational perspective into internal processes; pupils made more aware of requirements in companies

Support for Scientific Work

Potential employees recruited at an early stage through supervision of theses and dissertations and participation in information evenings at respective universities. University cooperation programmes promote teaching and research in AMAG-relevant specialist areas.

Scope: External engagement Time horizon: Ongoing

Human Rights

Internal Training on Code of Conduct and Human Rights

Employees undergo annual training on the Code of Conduct, which addresses human rights, including the prohibition of discrimination. Managers and persons working in areas with special responsibility for human rights receive additional training.

Scope: All employees, with enhanced training for managers and responsible persons Time horizon: Annual Expected outcomes: Continuous awareness raising

External Training Courses on Human Rights

In 2024, employees completed:

• Human Rights Accelerator training programme (organised by UN Global Compact)
• International stakeholder exchange on the topic of Just Transition (organised by UN Global Compact)
• Events and online programmes organised by various (inter)national organisations including respACT, Charta der Vielfalt, EcoVadis Academy, UN Global Compact Academy

Scope: Selected employees Time horizon: 2024 Resources: Participation in UN Global Compact programmes and other international organisations

Data Protection

Implemented data protection team and data protection coordinators to implement and monitor regulatory requirements and technical measures. Designated employees from Legal, Project Management, Tariff and Foreign Trade and IT departments act as data protection team.

Company agreements concluded to safeguard employee data protection. Binding internal data protection regulations and standard contractual clauses for the transfer of personal data concluded with all sales subsidiaries. Processes introduced for data subject rights and any data protection violations.

Scope: All employees Time horizon: Ongoing Resources: Dedicated data protection team, coordinators in each department

Training and Audits in the Area of Data Protection

Following a data protection breach reported via AMAG Compliance Line in 2024, the incident was reviewed and data protection training was organised to prevent future violations.

Scope: All employees Time horizon: 2024 and ongoing Expected outcomes: Prevention of future violations

Targets related to own workforce

Working conditions

Scope: AMAG Ranshofen (Austria) and AMAG components (Karlsruhe and Übersee am Chiemsee, Germany)

Notes: The fluctuation rate includes all departures (voluntary and due to dismissal, termination, retirement or death). The majority of departures took place in the production areas.

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Occupational health and safety

Metric: TRIFR (Total Recordable Injury Frequency Rate) - Accidents (per capita) with lost time injury (LTI) plus incidents requiring medical treatment in relation to total productive hours × 200,000 hours

Scope: AMAG locations (Ranshofen and components). Commuting accidents and accidents involving employees of external companies are excluded.

Note: The TRIFR for ESRS reporting (multiplication by 1,000,000 hours) was 9.3 in 2024 (2023: 10.3). AMAG rolling achieved the target, while AMAG overall fell short. The target is maintained for 2025 in line with zero-accident strategy.

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Diversity and equal opportunities

Context: Overall proportion of women in the company: 16% in 2024 (2023: 16%). The relatively low overall proportion is due to the industrial structure.

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Training and further education

Note: Training hours exclude AluAkademie and Berufsreifeprüfung participation. The training centre target was not met due to accessibility reasons, use of online formats, and external training.

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Human rights

Note: One data protection breach was reported via AMAG Compliance Line in 2024, rapidly rectified with training implemented. No legal proceedings were initiated.

Social protection

Coverage of employees by social protection

All AMAG employees are covered by the state against loss of earnings (due to illness, unemployment, accidents at work, disability, parental leave and retirement) or by additional company pension programmes (health and retirement benefits). The pension scheme can be utilised from the age of 20 and the 3rd year of service.

Type of coverage: State social protection and additional company pension programmes (health and retirement benefits)

Events covered:

• Illness/sickness
• Unemployment
• Accidents at work/employment injury
• Disability
• Parental leave
• Retirement

Pension provisions

The provisions for pensions relate to provisions in Austria and Canada for defined benefit plans, which are largely covered by plan assets.

Pension arrangements by country

Austria: Obligations towards former managers are based on individual contractual commitments. The entitlements are based on the respective final salary and are collateralised. The group of beneficiaries only comprises former employees who are already entitled to benefits.

Canada: A defined benefit scheme is in place for all employees who joined the company before June 2012. The benefits depend on the length of service with the company and the average salary. Since June 2012, only production employees have received defined benefit contracts. The retirement age for men and women is between 55 and 65.

Expected employer contributions

In the following year, employer contributions are expected to amount to EUR 376 thousand (previous year: EUR 310 thousand).

Company pension scheme organization

The company pension scheme for members of the Management Board and managing directors of the fully consolidated companies is organised exclusively via defined contribution plans for which the company has no obligation to make supplementary payments.

Persons with disabilities

Metrics

AMAG records the employment rate of people with disabilities in accordance with the Disability Employment Act (BeinstG). As of 31 December 2024, AMAG employed 2% of disabled people with disabilities (2023: 2%).

Methodology

• Definition/Legal framework: Recording based on the Disability Employment Act (BeinstG)
• Scope: AMAG total workforce

Training and skills development metrics

Average training hours per employee

Performance and career development reviews (MAZEG)

Personnel development programme participants

Note: Training and further education hours at the AluAkademie and participation in the Berufsreifeprüfung are excluded from the training hours figures. As the personnel development programmes take place over several years, participants may be counted for 2023 and 2024.

Work-life balance metrics

Leave of absence for family reasons (ESRS S1-15)

The following table presents the percentage of employees who claimed a leave of absence for family reasons:

Scope: The following reasons were taken into account in the statistics: Nursing leave, special care leave, hospice/nursing leave, death, wedding, maternity leave, parental leave, paternity leave, birth, paternity month and parental leave days.

Work-life balance measures

The company supports a healthy and balanced relationship between work and leisure time with various measures:

• Flexitime models defined in the company agreement on working time regulations offer employees at the Ranshofen site more flexible planning options
• Four-week holiday care programme for children (56 children participated in summer 2024)
• All employees are entitled to time off for family reasons, such as carer's leave, special care leave or maternity or paternity leave
• Established home office rules
• Flexible working time models

Working time arrangements

Austria (Ranshofen site): Statutory requirements are supplemented by valid collective agreements for the trade association of the non-ferrous metals industry and works agreement pursuant to Section 97 (1) 2/13 of the Austrian Labour Constitution Act (ArbVG) on working hours. Maximum daily working time of 12 hours applies.

Germany: Remuneration is based on pay customary in the industry in Bavaria and Baden-Württemberg and complies with all requirements under German and EU law.

Incidents, complaints and severe human rights impacts

METRICS (ESRS S1-17)

Related context

In the 2024 reporting period, a breach of data protection regulations was reported via the AMAG Compliance Line. This incident was reviewed by the internal reporting office, relevant departments were consulted and appropriate measures were implemented. The incident was rapidly rectified, and data protection training was organised to prevent future violations. No legal proceedings were initiated against AMAG.

Target

The company has set a target for compliance with basic human rights principles and no human rights violations (in particular discrimination, data protection violations) for 2025, with a medium-term target of 0 violations. Status marked as NEW for 2025.

Characteristics of the undertaking's employees

Total headcount and FTE

AMAG Group employees (full-time equivalents):

• 2024: 2,237
• 2023: 2,231
• Change: +0.3%

The average number of employees (full time equivalent) includes temporary workers and excludes apprentices. Since July 2024, holiday interns are also excluded (adjustment made retrospectively for 2023). Includes the 20% personnel share of the interest in the Alouette smelter and the employees of AMAG components.

Headcount by gender and employment contract type

Table 1: Employee characteristics by gender and contract type (as at key date/heads)

Temporary employees are apprentices in a retention period and new workers with a temporary employment contract due to lack of relevant training for their field of activity.

Proportion of women:

• 2024: 16%
• 2023: 16%

Headcount by employment type (full-time/part-time)

Table 2: Full-time and part-time employees

Employees without guaranteed working hours include occupational physicians and those in marginal employment at AMAG components.

Non-employee workers (temporary workers)

Table: Temporary employees (non-employee workers)

Temporary employees are external workers employed by the company who are provided by transferor companies. AMAG has no employment contracts with self-employed persons.

Employee turnover

Turnover and new hires:

Staff turnover rate:

• 2024: 6.0%
• 2023: 7.0%

The fluctuation rate includes AMAG Ranshofen (Austria) and AMAG components (Karlsruhe and Übersee am Chiemsee, Germany). All departures (voluntary and due to dismissal, termination, retirement or death) were taken into account for the calculation. The majority of departures took place in production areas.

Collective bargaining coverage and social dialogue

The proportion of employees covered by collective bargaining agreements in Ranshofen is 99% - this does not include the respective Managing Directors and the Management Board, with whom individual contracts have been concluded. No collective labour agreements apply to employees at AMAG components sites.

Leave of absence for family reasons

Reasons include nursing leave, special care leave, hospice/nursing leave, death, wedding, maternity leave, parental leave, paternity leave, birth, paternity month and parental leave days.

Scope and reporting principles

Unless explicitly stated otherwise, all data and metrics include the AMAG Ranshofen site (Austria) and AMAG components (Karlsruhe and Übersee am Chiemsee, Germany), the sales companies and CoilDNA. Data is recorded via the ERP system or via employee registration by the HR department or other specialist departments. The gender of employees is recorded based on information provided in official documents. As no (temporary) employees provided any information other than 'female' or 'male' with regard to gender, other categories are not shown in the tables.

Characteristics of non-employees in the undertaking's own workforce

Temporary employees (ESRS S1-7)

Methodology

Counting methodology: Headcount at key date (as of reporting date)

Definition: Temporary employees are external workers employed by the company who are provided by transferor companies. AMAG has no employment contracts with self-employed persons.

Employment relationship: The temporary workers have an employment relationship with the transferor. However, supervision and management are the responsibility of the hirer company. The transfer agreement between AMAG and the transferor company regulates the terms and conditions of labour.

Scope: Impacts, risks and opportunities in the areas of working conditions, occupational health and safety, diversity and equal opportunities, training and development, and human rights affect the entire AMAG workforce, including temporary employees.

Collective bargaining coverage and social dialogue

Coverage

The proportion of employees covered by collective bargaining agreements in Ranshofen is 99% - this does not include the respective Managing Directors and the Management Board, with whom individual contracts have been concluded. No collective labour agreements apply to employees at the AMAG components sites; remuneration is based on the standard industry pay in the federal states of Bavaria and Baden-Württemberg. In total, 88% of AMAG employees are covered by a collective labour agreement.

The employees in Ranshofen and Karlsruhe are represented in their interests by a works council, which corresponds to 93% of the AMAG workforce.

There is no agreement on representation by a European Works Council.

Metrics - Collective bargaining coverage and social dialogue (ESRS S1-8)

Social dialogue arrangements

AMAG Austria Metall AG recognises the right of all employees to form employee representative bodies and to conduct collective bargaining for the rules of working conditions. All employees have the right to join or form associations their choice or to stand as candidates in works council elections. Employees are neither favoured nor disadvantaged on the basis of their membership or non-membership of a trade union or employee representative body. The company complies with the relevant core labour standards of the International Labour Organization (ILO) all applicable (inter)national laws. The Management Board and the Works Council work together in a constructive dialogue in an open and trusting manner and try to support the concerns of employees in the best possible way.

Works Council: At the AMAG site in Ranshofen, employees are represented by the Works Council, which has seats and voting rights on the Supervisory Board of AMAG Austria Metall AG in accordance with the Austrian Labour Constitution Act, and represents the interests of employees. The AMAG components site in Karlsruhe also has a works council.

Company agreements: Central company agreements include, among others:

• Company working time regulations (works agreement pursuant to Section 97 (1) 2/13 ArbVG)
• Company working time regulations - home office (works agreement pursuant to Section 97 (1) 2/13 ArbVG)
• Company wage and salary regulations (works agreement pursuant to Section 96 (1) (4) ArbVG)
• Framework works agreement on employee data protection
• Company suggestion scheme (BVW) works agreement

With regard to minimum notification periods for significant operational changes, AMAG Ranshofen consistently adheres to the laws and regulations applicable in Austria, as well as the provisions agreed in the collective agreements for the non-ferrous metals industry association. No minimum notification periods apply in Germany. AMAG components complies with applicable law in this respect.

Diversity metrics

Gender diversity at top management

Women in management positions (senior management): 11% in 2024 (2023: 13%)

Target: Increase the proportion of women in management positions (senior management) in relation to the average overall proportion of women in the company to 16% by 2027.

Management Board composition: As of 1 January 2024, Mag.a Claudia Trampitsch joined as Chief Financial Officer, representing the first woman on the Management Board in AMAG Austria Metall AG's history.

Supervisory Board composition: Mag.a Birgit Noggler has been a member of the Supervisory Board of AMAG Austria Metall AG since 2024.

Gender split - workforce overview

Workforce by gender (headcount):

Overall proportion of women: 16% in 2024 (2023: 16%)

Target: Increase in the female apprentice rate to 25% by 2027.

Age band distribution of total workforce

Additional diversity indicators

Nationalities represented: 41 nationalities in total (2023: 38)

• Austria: approximately 63% (2023: 64%)
• Germany: approximately 28% (2023: 27%)
• Other countries: approximately 9% (2023: 9%)

Senior managers by nationality: Approximately 69% of senior managers (1st management level below the Management Board) come from Austria (2023: 77%).

People with disabilities: 2% of employees in 2024 (2023: 2%), recorded in accordance with the Disability Employment Act (BeinstG).

Remuneration indicators (ESRS S1-16)

Gender pay gap: 99% (difference between basic salary of female and male employees, expressed as percentage of male basic salary). Calculation includes all employees including apprentices, blue-collar and white-collar workers, managers and the Management Board, based on average basic salary (gross hourly earnings).

Ratio of annual total remuneration: 23.1 in 2024 (ratio of CEO total remuneration to median annual total remuneration of all other employees).

Note: Gender pay gap and ratio of total annual remuneration reported for the first time in 2024; no prior-year figures published.

Policies related to value chain workers

AMAG Austria Metall addresses policies related to value chain workers primarily through its human rights due diligence process and supplier requirements.

ESG requirements for suppliers (Code of Conduct for Suppliers)

Policy name: ESG requirements for suppliers (also referred to as "code of conduct for suppliers")

Scope: All material suppliers in the supply chain

Key content and principles:

• Defines key sustainability requirements including business management, human rights, occupational safety, environmental protection and energy efficiency
• Right to establish or join an independent employee representative body
• Fair treatment of employees with regard to reasonable working hours, regular leave of absence and performance-related remuneration
• Prohibition of all forms of child and forced labour and other forms of modern slavery (exploitation, human trafficking)
• Suppliers must promote implementation of sustainability requirements in their respective supply chains

Public availability: Available on the company website and integrated into the General Terms and Conditions of Purchase

Links to international standards:

• OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
• ILO Core Labour Conventions
• German Supply Chain Due Diligence Act
• UN Guiding Principles on Business and Human Rights (UNGPs)
• Dodd-Frank Act (for conflict and high-risk areas)

Monitoring and enforcement:

• All material suppliers must sign the ESG requirements or provide evidence of compliance with at least equivalent standards through their own documents (Code of Conduct, supplier standards)
• Suppliers without equivalent standards receive a lower rating and optimization measures are defined together with the supplier
• Risk assessment includes material origin risk, with materials assigned to various risk categories (low, medium, increased, high)
• High risk includes conflict and high-risk areas; short-term, risk-based internal categorisations conducted based on geopolitical changes
• In the event of a breach, the contract with the supplier can be prematurely cancelled or withdrawn with immediate effect for good cause

Aluminium Stewardship Initiative (ASI) certification

Membership and certification: AMAG is certified according to both ASI Performance and Chain of Custody standards

Links to international standards:

• OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas
• ILO Core Labour Conventions
• Developed through multi-stakeholder process involving producers, users, civil society and indigenous community representatives

Human Rights Due Diligence Process

The company applies a six-step human rights due diligence process to both production sites and the supply chain, following:

• UN Guiding Principles on Business and Human Rights
• OECD Guidelines for Multinational Enterprises
• German Supply Chain Due Diligence Act

Identified potential human rights risks for workers in the supply chain:

• Art. 2 Prohibition of discrimination (including harassment)
• Art. 4 Prohibition of forced labour and all forms of modern slavery; prohibition of child labour
• Art. 12 Protection of data and privacy
• Art. 19 Freedom of expression and information
• Art. 20 Freedom of assembly and association
• Art. 23 Right to work and equal pay
• Art. 24 Right to recreation and leisure

Approach: Due to the geographically wide-ranging nature of the aluminium supply chain and raw materials sometimes extracted in critical areas, AMAG pursues a preventive approach and defines a potential risk for all central human rights in the supply chain.

Taking action on material impacts on value chain workers

Overview of actions and measures

The company implements several integrated processes and initiatives to manage impacts on workers in the value chain, primarily focused on supplier engagement, due diligence, and compliance verification.

Responsible procurement management

Action: "Responsible procurement management" procedural instruction

• Scope: Upstream value chain (suppliers of scrap, primary metals, rolling slabs, alloy metals, dross and energy)
• What it does: Systematic approach to avoid or remedy human rights violations and negative environmental impacts. All major new and existing suppliers are checked for compliance with human rights on a risk-based basis
• Process: Supplier assessment covers four areas:
  1. Confirmation of ESG requirements for AMAG suppliers
  2. Material origin risk determination
  3. Certifications
  4. Key issues including origin of goods, supply chain management and ESG data reporting
• Time horizon: Ongoing, with reassessment every 1-3 years depending on risk classification
• Expected outcomes: Risk classification of suppliers and implementation of risk mitigation measures for "high risk" suppliers

Action: ESG requirements for suppliers (Code of Conduct)

• Scope: Upstream value chain
• What it does: Defines key sustainability requirements including business management, human rights, occupational safety, environmental protection and energy efficiency
• Key provisions for workers:
  • Right to establish or join independent employee representative body
  • Fair treatment regarding working hours, leave and remuneration
  • Prohibition of child labour, forced labour and modern slavery
• Implementation: Available on company website, integrated into General Terms and Conditions of Purchase
• Enforcement: Contract can be terminated for good cause in event of breach
• Expected outcome: Suppliers promote implementation of sustainability requirements in their respective supply chains

Multi-stakeholder initiatives

Action: Aluminium Stewardship Initiative (ASI) certification

• Scope: Entire value chain (own operations and upstream)
• What it does: Performance and supply chain instrument based on OECD Due Diligence Guidance and ILO Core Labour Conventions
• Status: AMAG certified according to both ASI standards (Performance and Chain of Custody)
• Time horizon: Valid until September 2027
• Partnerships: Developed through multi-stakeholder process involving producers, users, civil society and indigenous community representatives
• Expected outcomes: Compliance with international labour and human rights standards throughout aluminium value chain

Supplier engagement and monitoring

Action: Direct communication with suppliers

• What it does: Regular dialogue to ensure compliance with ESG standards and support implementation
• Frequency: Depending on supplier classification - annually, at least every three years, or ad hoc basis
• Expected outcome: Early identification of challenges and collaborative solution development

Action: Audits and on-site visits

• What it does: Regular audits and visits to suppliers to gain on-site insight
• Scope: Key suppliers in upstream value chain

Action: AMAG Compliance Line

• What it does: Publicly accessible reporting and complaints mechanism via company website
• Scope: All stakeholders including workers in supply chain
• Features: Does not store IP addresses, no tracking instruments, anonymous reporting possible
• Effectiveness monitoring: Tested annually in Compliance Committee meeting

2024 specific actions

Action: Preparations for EU Supply Chain Directive (CSDDD)

• What it does: Ongoing review of internal procedures to ensure compliance with upcoming regulation
• Time horizon: 2024 and ongoing
• Resources: Financed from current operating funds; no separate financial expenditure required in 2024

Action: Regular evaluation and revision of key documents

• What it does: Update of Code of Conduct, Human Rights Code, ESG requirements for suppliers
• Time horizon: 2024 and ongoing

Action: Integration of AMAG components in procurement management

• What it does: Ongoing integration of new AMAG business units into responsible procurement processes
• Time horizon: 2024 and ongoing

Action: Supplier audits and review

• What it does: Regular implementation of supplier audits and review of human rights and conflict area criteria
• Expected outcome: Identification of suppliers not compliant with AMAG principles of conduct
• Time horizon: 2024 and ongoing

Action: Training and awareness for sales employees

• What it does: All sales employees and key account managers trained in sustainability issues during annual sales meeting
• Topics: Respecting and promoting human rights, sustainability communication, ESG requirements
• Time horizon: 2024
• Expected outcome: Sensitisation of commercial staff to human rights issues

External company management

Action: Training for external company workers

• Scope: Ranshofen site
• What it does: External company workers demonstrably informed and trained about hazards and safety rules
• Documentation: Contractor information document includes explicit requirements regarding compliance with human rights
• Process: Communicated via external company portal; workers only receive ID card after training

Resources allocated

• Financial: Measures financed from current operating funds (no separate capex/opex disclosed)
• Non-financial:
  • Legal department examines reported violations and involves specialist departments
  • Purchasing departments conduct supplier assessments
  • ASI multi-stakeholder partnership
  • Works council engagement

Linkage to targets

All actions link to the following targets (see S2-5):

• Compliance with basic human rights principles by suppliers through integration of AMAG components into responsible procurement management (2024 and ongoing)
• Training and awareness raising for sales employees (2024)
• Compliance with basic human rights principles in supply chain and no violations (2025 and ongoing target: 0 violations)

Targets related to value chain workers

The following targets related to managing impacts on value chain workers were disclosed:

Progress to date:

In 2024, AMAG was not aware of any violations of human rights in the supply chain.

The targets are monitored and reviewed during the year by the relevant specialist departments.

Legend:

• ✓ = achieved
• ○ = on course
• ◐ = delayed

Incidents of corruption or bribery

Confirmed incidents

AMAG Austria Metall AG reported zero confirmed incidents of corruption or bribery during the 2024 reporting period.

Convictions and fines

No convictions or legal decisions (criminal or administrative) related to corruption or bribery were reported for 2024. The company explicitly states:

• 0 convictions for corruption or bribery
• EUR 0 in fines paid for violations of anti-corruption/anti-bribery laws

One administrative fine of EUR 350 was paid unrelated to corruption, specifically for premature start of construction in an administrative law matter.

Disciplinary actions

No employees were dismissed or disciplined due to corruption or bribery incidents in 2024.

Contracts terminated

No contracts with business partners were terminated or not renewed due to corruption or bribery violations in 2024.

Investigation procedures and speak-up mechanisms

AMAG operates a comprehensive whistleblower system (AMAG Compliance Line) accessible to employees, business partners, and the public through multiple channels:

• Online system: https://hint.amag-al4u.com (anonymous reporting possible)
• Email: ethics@amag.at
• Telephone: +43 7722 801 2227

In 2024, one data protection breach was reported via the Compliance Line. The incident was reviewed by the internal reporting office, appropriate measures were implemented, and data protection training was organized. No legal proceedings were initiated against AMAG related to this incident.

The company has a comprehensive compliance system including:

• Systematic risk analysis to evaluate compliance risks
• Anti-corruption guideline with clear definitions and limits for gifts and invitations
• Regular training for defined groups of addressees (Management Board, management teams, and relevant departments)
• Annual Code of Conduct training for all employees (90% completion rate in 2024)
• Corruption prevention training for 13% of AMAG employees (95% completion rate in 2024)

The internal reporting office processes all reports confidentially, and whistleblowers are protected from retaliation. The effectiveness of the complaints procedure is reviewed annually.

Political influence and lobbying activities

Political engagement approach

AMAG Austria Metall AG actively participates in political discourse in order to incorporate the perspective of companies in decision-making processes in an appropriate and transparent manner at all times. To this end, AMAG is also in regular contact with governments, associations and interest groups, including primarily the Austrian Federal Economic Chamber (WKO) and the Federation of Austrian Industries (IV) at national level, as well as European Aluminium (EA), Aluminium Germany (AD) and the Aluminium Stewardship Initiative (ASI) at international level.

Ethical standards and guidelines

In dealings with authorities, companies, public officials and politicians, any form of undue influence (benefits, leverage) is strictly prohibited. No payments or benefits in kind are made to political institutions - at AMAG, such behaviour is considered a violation of compliance principles. This commitment is also enshrined in the Code of Conduct and must be adhered to by all AMAG employees without exception.

Professional statements are submitted to the associations exclusively via responsible persons in the company. These are nominated by the management of the respective Group companies and recorded in a defined list. This list and any changes to it must be approved by the Management Board. AMAG's responsible persons are instructed regularly and undertake to act in a legally and morally correct manner.

None of the Supervisory Board members, Executive Board members or managing directors who assumed one of these positions in the 2024 reporting year held a comparable position in the public sector in the previous two years.

Political contributions

No payments or benefits in kind are made to political institutions. AMAG reports zero political contributions.

Trade association memberships

In 2024, AMAG was a member of the following associations and interest groups, among others:

• AAI Austrian Aeronautic Industries - Association of the Austrian Aerospace Supply Industry
• AD - Aluminium Germany
• ASI - Aluminium Stewardship Initiative
• Automotive Cluster - cross-industry network to support companies in the automotive sector
• BDLI - Federal Association of the German Aerospace Industry
• BIR - Bureau of International Recycling
• C.I.R.A. - Cercle Investor Relations Austria
• Diversity Charter - Initiative of the Austrian Federal Economic Chamber and Vienna
• CDG - Christian Doppler Research Association
• EA - European Aluminium
• GDMB - Society for Mining, Metallurgy, Raw Materials & Environmental Technology
• ÖGfZP - Austrian Society for Non-Destructive Testing
• Austrian Federation of Industry (IV) and Chamber of Commerce (WKO)
• ÖVFA - Austrian Association for Financial Analysis and Asset Management
• respACT - Austrian business council for sustainable development
• UNGC - UN Global Compact
• VNL - Logistics Network Association
• WVMetalle - WirtschaftsVereinigung Metalle e.V.

The aim of participating in initiatives and memberships in associations and interest groups is to exchange knowledge and contribute to the trend towards standards in order to create a level playing field in the production of aluminium, among other things. The company also supports the trend towards international framework legislation relating to climate change and greenhouse gas emissions and actively participates in technical discussions on solutions to these challenges. The company is also actively involved in initiatives to promote the recycling of aluminium and material responsibility.

Focus areas

AMAG's main lobbying topics include:

• Creating a level playing field in the production of aluminium
• Climate change and greenhouse gas emissions
• Recycling of aluminium and material responsibility
• Sustainable production standards

EU Transparency Register

AMAG is not listed in any EU transparency register.

Business conduct policies and corporate culture

AMAG Austria Metall AG has established a comprehensive framework of policies and guidelines governing business conduct and corporate culture. The company's approach is based on international standards including the UN Global Compact, OECD Guidelines for Multinational Enterprises, ILO Core Labour Conventions, and the Aluminium Stewardship Initiative (ASI) standards.

AMAG Code of Conduct

• Scope: All employees and business partners
• Key content: Fair and free competition, avoidance of conflicts of interest (including prevention of corruption and discrimination), protection of information and data, corporate policy, human rights, and reporting of misconduct. Includes case studies on bribery, antitrust law, data protection, conflicts of interest, discrimination and harassment.
• Governance: Adopted by resolution of the Management Board; Communication department responsible for implementation
• Public availability: Available on the company website and distributed to new employees
• International standards: Based on legal requirements and AMAG's own standards
• Monitoring: Annual mandatory e-learning training course for all employees with final self-test; compliance monitored through systematic risk analysis and internal control system

AMAG Code of Human Rights

• Scope: All employees at all AMAG sites and suppliers
• Key content: Unconditional observance and promotion of human rights; prohibition of child labour and all forms of forced or compulsory labour (modern slavery); protection against discrimination; commitment to diversity and equal opportunities; data protection and privacy
• Governance: Developed based on legal requirements and AMAG standards; adopted by resolution of the Management Board
• Public availability: Available on the company website
• International standards: Based on International Bill of Human Rights, ILO Core Labour Conventions, UN Global Compact principles, European Convention on Human Rights, Charter of Fundamental Rights of the EU
• Monitoring: Regular online training via ALEX e-learning system; departments dealing with human rights issues receive specific insights and recommendations

ESG Requirements for AMAG Suppliers

• Scope: All suppliers; requirements extend to suppliers' supply chains
• Key content: Sustainability requirements covering business management, human rights, occupational safety, environmental protection, and energy efficiency. Includes right to establish or join employee representative bodies, fair treatment regarding working hours, leave and remuneration, prohibition of child labour, forced labour and modern slavery.
• Governance: Legal department examines situations and involves relevant specialist departments
• Public availability: Available on the company website; integrated into General Terms and Conditions of Purchase
• International standards: Aligned with AMAG's commitment to international labour and human rights standards
• Monitoring: ESG risk classification of significant suppliers; suppliers must sign requirements or provide equivalent own documents; reassessment every 1-3 years depending on risk level; breach can result in immediate contract termination

Guideline on Respectful Behaviour (Respectful Behaviour Policy)

• Scope: All employees, line managers, and AMAG contact points
• Key content: Procedures for handling stressful situations such as bullying, harassment, discrimination and violence at the workplace. Defines responsibilities for creating framework conditions ensuring respectful and inclusive behaviour. Protects reporting persons from retaliation.
• Governance: HR department collects reports and takes remedial action in consultation with affected persons
• Public availability: Distributed to all employees; available on ALEX learning platform; included in information folder for new employees since December 2024
• Monitoring: Annual training course to be completed from 2025; stakeholder dialogue with contact points; reports handled through HR department

Data Protection Directive

• Scope: All employees and processing of personal data
• Key content: Fulfils requirements of General Data Protection Regulation (GDPR), European Convention on Human Rights (ECHR) and Charter of Fundamental Rights of the EU. Defines data protection policy, data subject rights, technical and organisational measures, and training requirements. Focuses on protection of natural persons (data subjects).
• Governance: Data protection team consisting of employees from Legal, Project Management, Tariff and Foreign Trade, and IT departments; data protection coordinators in respective departments
• Public availability: Privacy policy available on AMAG website
• International standards: Based on GDPR, ECHR, Charter of Fundamental Rights of the EU
• Monitoring: Regular employee training on data protection (also part of Code of Conduct); internal and external audits; framework works agreement on employee data protection; processes for data subject rights and data breaches

Anti-Corruption Guideline

• Scope: Defined group of addressees including Management Board, management of all AMAG companies, management level and in some cases all employees in a department
• Key content: Detailed definitions, behaviours and reporting obligations to prevent damage from inappropriate granting or acceptance of benefits. Defines clear conditions and limits for gifts and invitations.
• Governance: Legal department responsible; part of Compliance Committee
• Public availability: Available to all employees via internal platform ALEX
• Monitoring: Annual confirmation of policy by defined group; corruption prevention training for addressees; reports handled through whistleblower protection system

Issuer Compliance Directive

• Scope: All employees of the listed company
• Key content: Implements provisions of EU Market Abuse Regulation (MAR) and Directive (MAD) and Austrian Stock Exchange Act on disclosure of information and organisational measures to prevent insider trading. Prevents improper use or disclosure of sensitive and confidential information that could influence share price.
• Governance: Issuer Compliance Officer and deputy report directly to Management Board and Supervisory Board; reviewed and updated at regular intervals
• Monitoring: Regular information meetings with Management Board, management teams and Works Council; issuer compliance training several times a year for employees in confidentiality areas; random checks on correct handling of confidential information

Foreign Trade Law & Export Control Guideline

• Scope: All cross-border movement of goods
• Key content: Ensures compliance with all legal requirements for cross-border movement of goods through export controls regarding persons, countries, goods and utilisation
• Governance: Management of AMAG companies responsible; supported by Customs and Foreign Trade department

Information Technology Guideline

• Scope: All IT operations at AMAG
• Key content: Binding rules on how IT is operated and how IT systems/components and stored information and data are to be protected
• Governance: Information security management system sets annual priorities
• Monitoring: Regular audits and recertifications (TISAX certification 2022, valid for three years; ISO 27001 recertification ongoing; NIS-2 directive implementation)

Group Tax Guideline

• Scope: All domestic and foreign taxes and duties for which companies have statutory duty to co-operate
• Key content: Tasks and responsibilities for dealing with tax risks; ensures preparation and timely submission of tax returns, checking correctness of notifications, timely payment of taxes, fulfilment of documentation obligations, proper recording and processing of tax-relevant matters, ongoing calculation and monitoring of Group tax rate
• Governance: Management Board responsible; managing directors of respective companies responsible for compliance and implementation; Group Accounting department involved in ongoing fulfilment; reports to Supervisory Board at least annually
• Monitoring: Work instructions, checks, regular training; no structures for aggressive tax planning or tax avoidance

Company Agreements (Works Agreements)

• Scope: All employees at the Ranshofen site
• Key content: Multiple agreements covering working time regulations (maximum daily and weekly working hours, flexitime models, holiday entitlement, overtime), home office framework and remuneration, wage and salary regulations (overpayment, bonuses, allowances), employee data protection, company suggestion scheme (BVW)
• Governance: Concluded between Management Board, companies and workers' and employees' works councils; HR department responsible for compliance and implementation
• Public availability: Accessible to all employees via internal company platform
• Monitoring: Must comply with legal and collective agreement requirements; directly legally binding

AMAG Whistleblower System Directive

• Scope: Employees, business partners, and the public
• Key content: Defines responsibilities and procedures for processing and responding to reports received through multiple channels (online system, telephone, email). Protects whistleblowers from retaliation. Anonymous reporting possible.
• Governance: Legal department responsible; internal reporting office trained; person concerned excluded from processing if report directly concerns them
• Public availability: AMAG Compliance Line accessible on company website
• International standards: Fulfils requirements of national Whistleblower Protection Act (HSchG) and EU Whistleblower Directive ((EU) 2019/1937)
• Monitoring: Effectiveness reviewed annually or ad hoc; Management Board informed at least annually about statistics and measures taken

AMAG Purchasing Guideline

• Scope: Procurement of auxiliary and operating materials, capital goods, services and energy for all companies at Ranshofen site
• Key content: Central purchasing principles and procedures; ecological and social aspects considered alongside price, quality, reliability and flexibility; preference for local suppliers from Upper Austria/Innviertel region for regional value creation
• Governance: Central procurement by Group guidelines department
• Monitoring: Supplier screening and risk classification through responsible procurement management; ESG requirements must be signed or equivalent documents provided

Company Policy (Management Manual)

• Scope: All employees and external contractors
• Key content: Principles regarding quality, occupational health and safety, environmental protection, energy efficiency, information security, and continuous improvement
• Governance: Subject to resolution by Management Board; organised according to high-level structure of ISO system standards
• Monitoring: Certified management systems (ISO 9001/14001/45001); regular audits

Corporate Culture Foundations

AMAG's corporate culture is anchored in the AMAG Mission, which describes core values of innovation, sustainability, diversity and human touch. The mission defines AMAG as a sustainable and profitable premium supplier of aluminium products, emphasising customer orientation, quality and reliability, and operating as one of Europe's largest aluminium recyclers.

Key cultural principles include:

• Efficiency: Resource and energy efficiency, minimising environmental impact
• Balance: Broad positioning across sectors, products and markets for stability
• Materiality: Focus on material economic, environmental and social impacts
• Completeness: Transparency, timeliness and completeness in communications
• Flexibility: Meeting changes and new requirements with high degree of flexibility
• Spirit of innovation: Continuous improvement and trend towards marketable applications

Compliance System

AMAG operates a comprehensive compliance system with systematic risk analysis, compliance programme, defined compliance organisation, training and communication, the AMAG Compliance Line, and monitoring. The Compliance Committee consists of department heads covering issuer compliance, antitrust law, corruption prevention, Code of Conduct, guidelines, ESG compliance, risk management, data protection, export control and tariffs, internal audit, and information security/cyber security. The committee reports regularly to the Management Board, which informs the Supervisory Board.

Certifications and Memberships

AMAG is certified according to the ASI Performance Standard and ASI Chain of Custody Standard (valid until September 2027), demonstrating commitment to responsible aluminium production and supply chain management. AMAG is a founding member of the Aluminium Stewardship Initiative (ASI) and has been a member of the UN Global Compact since 2022, committing to its ten principles on sustainable business management.

Other key memberships include European Aluminium (EA), respACT (Austrian business council for sustainable development), Diversity Charter, and various industry associations.

Payment practices

AMAG organises payment practices for both large companies and small and medium-sized enterprises (SMEs) - and thus for 100% of suppliers - in such a way that they are conducive to the supplier relationship and at the same time safeguard AMAG's financial interests.

Payment terms and processes

The payment term and discount conditions are agreed individually with the suppliers and payments are settled within the specified period. The maximum payment term is 180 days.

To protect the company and its suppliers, AMAG has implemented a process that prevents payments from being made incorrectly in the event of changes to suppliers' bank details.

Invoices and payments are approved throughout the Group in accordance with a technically and organisationally secure multiple-eye principle. A payment process integrated into SAP has been established at the Ranshofen site. By eliminating manual intervention options at the interfaces, the risk of manipulation in payment transactions has been reduced to a minimum.

Legal proceedings

AMAG has no pending legal proceedings due to late payment.