BE Semiconductor Industries

From the Corporate Governance section:

Corporate Governance Besi is committed to high standards of corporate governance. The objective of our corporate governance policies is to comply with applicable law and regulation, maintain our public and institutional shareholder base and their confidence in Besi, ensure the integrity of our decision-making processes and public disclosures and to align our policies with internationally-recognized best practice standards. On December 1, 2024, the Supervisory Board expanded the number of Directors to five persons with the appointment of Zouheir Tamim as a member of the Supervisory Board. He is a distinguished executive with more than 30 years of international experience in the semiconductor industry, particularly in the areas of advanced packaging, product development, engineering and research.

Besi applies the Dutch Corporate Governance Code (the 'Code') and references the Code in our Articles of Association. We have adopted a two-tier board structure consisting of a Supervisory Board and a Board of Management. The Chief Executive Officer (CEO) is the sole member of the Board of Management. The Supervisory Board supervises the policies of the Board of Management and the general affairs of Besi and its business and provides advice to the Board of Management. In performing its duties, the Supervisory Board is guided by the interests of Besi and all its stakeholders. The Supervisory Board consists of four independent non-executive Directors plus one former member of the Board of Management.

The role of the administrative, management and supervisory bodies is further detailed in the Board of Management and Supervisory Board sections of this Annual Report.

From the Sustainability Statement - Governance section:

Sustainability governance The integration of sustainability matters into Besi's governance structure is critical to ensuring accountability and progress on ESG initiatives. The CEO has overall responsibility for Besi's sustainability strategy and performance. The Supervisory Board regularly reviews sustainability performance and provides oversight of sustainability-related risks and opportunities.

Sustainability matters are addressed through: • Regular reporting to the Board of Management on sustainability performance and targets • Integration of sustainability considerations into strategic planning processes • Regular stakeholder engagement on sustainability topics • Annual review of sustainability policies and targets by senior management

The CEO receives regular updates on sustainability performance metrics and progress toward targets. The Supervisory Board reviews sustainability performance at least annually as part of its oversight responsibilities.

From the Remuneration Report:

Integration of sustainability-related performance in incentive schemes Besi has integrated sustainability-related performance metrics into its executive compensation framework. The Board of Management's variable compensation includes sustainability targets related to:

• Environmental performance targets including emissions reductions and renewable energy usage • Employee engagement and development metrics • Health and safety performance indicators • Progress on sustainability strategy implementation

These sustainability metrics represent a component of the annual variable compensation for the CEO and form part of the overall performance assessment. The specific weighting and targets are reviewed annually by the Supervisory Board to ensure alignment with Besi's sustainability strategy and stakeholder expectations.

From the Sustainability Statement:

Due diligence processes Besi has implemented comprehensive due diligence processes to identify, assess, and mitigate adverse impacts on people and the environment throughout its operations and value chain. Our due diligence approach includes:

Human Rights Due Diligence: • Regular assessment of human rights risks in our operations and supply chain • Implementation of grievance mechanisms for employees and stakeholders • Supplier audits and assessments using RBA standards • Training programs on human rights issues for relevant personnel

Environmental Due Diligence: • Climate risk assessments across operations • Environmental impact assessments for new facilities and major operational changes • Regular monitoring of environmental performance metrics • Supplier environmental assessments and requirements

Supply Chain Due Diligence: • Comprehensive supplier screening and onboarding processes • Regular supplier audits and assessments • Implementation of Supplier Code of Conduct requirements • Conflict minerals due diligence in accordance with applicable regulations

The percentage of purchasing volume audited and which answered the RBA Code of Conduct Self-Assessment increased from 63% in 2021 to 68% in 2024, as a result of which Besi achieved silver status with the RBA.

From the Risk Management section:

Risk management and internal controls over sustainability reporting Besi has established comprehensive risk management and internal control systems that encompass sustainability reporting. Our approach includes:

Risk Management Framework: • Integration of sustainability risks into enterprise risk management processes • Regular identification and assessment of climate-related and other sustainability risks • Assignment of risk ownership and mitigation strategies • Quarterly risk reporting to senior management

Internal Controls over Sustainability Reporting: • Formal data collection and verification procedures for sustainability metrics • Internal review and validation of sustainability data by finance and operations teams • External limited assurance by EY Accountants B.V. on key sustainability metrics • Regular training for personnel involved in sustainability data collection and reporting

Governance Structure: • Clear roles and responsibilities for sustainability data management • Regular review of sustainability reporting processes and controls • Documentation of data sources, calculation methodologies, and assumptions • Continuous improvement of data quality and reporting accuracy

EY Accountants B.V. provided limited assurance on the Sustainability Statement included in this Annual Report, covering key environmental and social performance indicators.

From the Strategy and Company Profile sections:

Strategy, business model and value chain

BE Semiconductor Industries N.V. ("Besi" or the "Company") is engaged in one line of business: the development, manufacturing, marketing, sales and service of a broad portfolio of advanced packaging solutions to the semiconductor and electronics industries with a focus on next generation assembly solutions for wafer level AI applications.

Our Business Model: Besi is a leading manufacturer of assembly equipment supplying a broad portfolio of advanced packaging solutions to the semiconductor and electronics industries. We offer customers high levels of accuracy, reliability and throughput at a lower cost of ownership with a principal focus on wafer level and substrate assembly solutions.

Our Value Chain:

• Development: R&D activities focused on next generation AI applications and assembly technologies
• Manufacturing: Global production facilities in Asia and Europe
• Sales & Marketing: Direct sales and service network across key markets
• Service: After-sales support and spares for installed equipment base

Key Value Creation Elements: • Advanced packaging technology leadership with 70% of revenue from advanced packaging applications • Complete portfolio of die attach, packaging and plating solutions • Strong customer relationships with leading semiconductor companies • Geographic diversification with 67% of revenue from Asia • Focus on most advanced applications with 50% of revenue from <7 micron accuracy applications

Strategic Focus Areas: • Next generation wafer level assembly solutions for AI applications • Hybrid bonding technology development and commercialization • Expansion in high-growth computing and automotive markets • Sustainable product design and operational excellence • Strong financial returns and capital allocation to shareholders

From the Sustainability Statement:

Interests and views of stakeholders

Besi recognizes the importance of engaging with stakeholders to understand their interests and views on sustainability matters. Our key stakeholders include:

Employees: • Regular employee engagement surveys and feedback mechanisms • Works Councils and labor union engagement on workplace matters • Training and development programs • Health and safety consultation processes

Customers: • Regular customer satisfaction surveys and feedback • Technology roadmap discussions and collaboration • Sustainability requirement discussions and joint initiatives • Customer site visits and technical support

Investors and Shareholders: • Regular investor meetings and ESG roadshows • Quarterly earnings calls and annual meetings • ESG rating agency engagement • Sustainability reporting and disclosure

Suppliers: • Annual supplier surveys on sustainability practices • Supplier training sessions and knowledge sharing • RBA Code of Conduct implementation and monitoring • Collaborative improvement initiatives

Communities: • Local community engagement at facility locations • Environmental monitoring and reporting • Support for local educational and environmental initiatives

Stakeholder Engagement Process: We conducted an engagement roadshow in 2024 with key stakeholders, specifically investors, customers, suppliers, employees and Works Councils and Work Unions representing Besi employees to validate the results of our materiality analysis. This engagement helped inform our sustainability strategy and reporting priorities.

From the Sustainability Statement materiality section:

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

Besi conducted a comprehensive double materiality assessment in 2023 which assessed both the impact of Besi on people and the environment (impact materiality) and the environmental and social-related risks and opportunities to which we are exposed (financial materiality).

Material Topics Identified:

Environmental: • Climate Change: Physical and transition risks from climate change; opportunities from energy-efficient products • Energy & Emissions: Direct and indirect energy consumption and GHG emissions from operations • Resource Use & Circular Economy: Material consumption, waste management and circular design principles • Water & Marine Resources: Water consumption and management in operations • Pollution: Air and water pollution from manufacturing operations

Social: • Own Workforce: Employee health, safety, development and engagement • Human Rights: Respect for human rights across operations and supply chain • Supply Chain Workers: Labor practices and conditions in supplier operations

Governance: • Business Conduct: Anti-corruption, business ethics and responsible business practices • Sustainable Innovation: Development of sustainable products and technologies

Integration with Strategy: These material topics are integrated into Besi's business strategy through: • Long-term sustainability targets and roadmaps • R&D investment in sustainable product design • Operational efficiency initiatives • Supply chain engagement and requirements • Risk management and opportunity identification processes • Stakeholder engagement and reporting

From the Sustainability Statement:

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

Besi follows a systematic process to identify and assess material sustainability impacts, risks and opportunities:

1. Initial Impact and Risk Identification: • Review of industry-specific sustainability frameworks (SASB, GRI) • Analysis of regulatory requirements and emerging standards • Benchmarking against peer companies and best practices • Internal assessment of operations and value chain activities

2. Double Materiality Assessment (conducted in 2023): • Impact Materiality: Assessment of Besi's actual and potential impacts on people and the environment • Financial Materiality: Assessment of sustainability-related risks and opportunities that affect enterprise value • Evaluation across short, medium and long-term time horizons

3. Stakeholder Engagement: • Conducted stakeholder engagement roadshow in 2024 • Engaged investors, customers, suppliers, employees, Works Councils and unions • Validated materiality assessment results through structured feedback • Incorporated stakeholder perspectives into final materiality determination

4. Expert Review and Validation: • Internal review by cross-functional teams • External expert consultation where appropriate • Senior management review and approval of material topics

5. Regular Review and Updates: • Annual review of materiality assessment • Continuous monitoring of emerging issues and stakeholder concerns • Integration of new regulatory requirements and standards • Updates based on business strategy changes and market developments

This process ensures that our sustainability strategy focuses on the most significant impacts, risks and opportunities relevant to our business and stakeholders.

From the Sustainability Statement introduction:

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

This Sustainability Statement has been prepared in accordance with the European Sustainability Reporting Standards (ESRS) and the Corporate Sustainability Reporting Directive (CSRD). Based on our materiality assessment, the following ESRS topics and disclosure requirements are covered:

ESRS 2 - General Disclosures: All applicable general disclosure requirements

Environmental Standards: • ESRS E1 - Climate Change: Climate strategy, targets, GHG emissions, energy consumption • ESRS E2 - Pollution: Pollution prevention and management • ESRS E3 - Water and Marine Resources: Water consumption and management • ESRS E5 - Resource Use and Circular Economy: Resource consumption and waste management

Social Standards: • ESRS S1 - Own Workforce: Employee-related disclosures including diversity, training, health and safety

Governance Standards: • ESRS G1 - Business Conduct: Anti-corruption, business ethics and supplier management

Topics Not Material: Based on our materiality assessment, the following topics were determined not to be material: • ESRS E4 - Biodiversity and Ecosystems • ESRS S2 - Workers in the Value Chain (partially covered through supply chain initiatives) • ESRS S3 - Affected Communities • ESRS S4 - Consumers and End-Users

This determination reflects our assessment of where Besi has the most significant impacts and faces the most material risks and opportunities. The materiality assessment is reviewed annually and may result in changes to the scope of reporting in future periods.

From the Sustainability Statement:

Transition plan for climate change mitigation

Besi has developed a comprehensive Climate Transition Plan that outlines our approach to achieving net-zero emissions by 2030. The plan includes:

Short-term Actions (2024-2026): • Continue increasing renewable energy usage to reach 100% by 2026 • Implement energy efficiency initiatives across all facilities • Optimize product design for reduced energy consumption (Design-to-X initiative) • Enhance supply chain engagement on emissions reduction

Medium-term Actions (2026-2030): • Achieve carbon neutrality in Scope 1 & 2 emissions by 2030 • Significant reduction in Scope 3 emissions intensity • Implementation of circular economy principles in operations • Development of low-carbon product portfolio

Long-term Actions (2030-2050): • Net-zero emissions across all scopes by 2050 • Full integration of sustainability into business strategy • Leadership in sustainable semiconductor assembly solutions

Key Emission Reduction Levers: • Renewable energy procurement and on-site generation • Energy efficiency improvements in facilities and equipment • Sustainable product design and manufacturing processes • Supply chain decarbonization initiatives • Low-carbon transportation and logistics

Governance and Monitoring: • Regular progress monitoring against targets • Annual review and update of transition plan • Integration with business planning and investment decisions • Stakeholder engagement and transparency

The transition plan is aligned with the Paris Agreement goals and science-based methodologies for emissions reduction.

From the Sustainability Statement:

Policies related to climate change mitigation and adaptation

Besi has established comprehensive policies to address climate change mitigation and adaptation:

Climate Policy Framework: • Commitment to achieve net-zero emissions by 2030 for Scope 1 & 2 • Science-based emission reduction targets aligned with Paris Agreement • Integration of climate considerations into business strategy and operations

Energy and Emissions Policy: • Commitment to maximize renewable energy usage • Energy efficiency standards for facilities and equipment • Regular monitoring and reporting of energy consumption and emissions • Investment in clean energy technologies

Sustainable Product Design Policy: • Design-to-X initiative to reduce product energy consumption • Life cycle assessment integration into product development • Focus on energy-efficient solutions for customers • Circular design principles and material selection

Supply Chain Climate Policy: • Supplier engagement on climate action and emissions reduction • Climate risk assessment for critical suppliers • Preference for suppliers with science-based targets • Collaborative emission reduction initiatives

Climate Adaptation Measures: • Physical risk assessments for facility locations • Infrastructure resilience improvements (e.g., flood defenses at Austria facility) • Business continuity planning for climate-related disruptions • Supply chain diversification to manage climate risks

Governance and Implementation: • Board-level oversight of climate policies and performance • Regular policy review and updates • Employee training on climate-related responsibilities • Integration with risk management processes

These policies are reviewed annually and updated to reflect evolving climate science, regulatory requirements, and stakeholder expectations.

From the Sustainability Statement:

Actions and resources in relation to climate change policies

Operational Actions Implemented: • Energy Efficiency Improvements: New heating system installed at Austria facility, energy management software deployed at Netherlands operations • Renewable Energy Procurement: Secured renewable energy contracts for Malaysia, China and Vietnam operations • Facility Improvements: Flood defenses installed at Austria facility to increase climate resilience

Product Development Actions: • Design-to-X Initiative: Conducted resource consumption analysis of Generation 1 hybrid bonding system and created roadmap for up to 10% energy savings across four die attach product lines • Energy Reduction Achievement: 6.9% reduction achieved in energy consumption of one product platform in 2024 • Sustainable Product Design: Enhanced product efficiency, cost of ownership and energy efficiency versus traditional assembly technologies

Supply Chain Actions: • Enhanced annual supplier surveys on sustainability practices • Sustainability briefing roadshows and training sessions for key suppliers • RBA Code of Conduct implementation with 68% of purchasing volume audited in 2024 • Collaborative emission reduction initiatives with suppliers

Investment and Resources: • Significant R&D investment in sustainable product design and energy efficiency • Capital expenditure on renewable energy infrastructure and energy efficiency improvements • Human resources dedicated to sustainability initiatives and climate action • Investment in climate risk assessment and adaptation measures

Monitoring and Reporting: • Comprehensive GHG emissions monitoring across all scopes • Regular progress tracking against climate targets • External assurance on climate-related metrics by EY Accountants B.V. • Transparent reporting through ESRS and other frameworks

Results Achieved in 2024: • 99% renewable energy usage (up from 71% in 2023) • 8.3 point reduction in Scope 1 & 2 emissions intensity ratio • 4.8 point reduction in Scope 3 emissions intensity ratio • Met or exceeded all 2024 climate targets set in 2022

From the Sustainability Statement and Key Highlights:

Targets related to climate change mitigation and adaptation

Scope 1 & 2 Emissions Targets: • 2024 Target: 3.6 tCO₂eq/€ million revenue (achieved: 0.6 tCO₂eq/€ million revenue) • 2026 Target: 0.0 tCO₂eq/€ million revenue • 2030 Target: Net zero Scope 1 & 2 emissions

Scope 3 Emissions Targets: • 2024 Target: 13.5 tCO₂eq/€ million revenue (achieved: 12.2 tCO₂eq/€ million revenue) • 2026 Target: 12.7 tCO₂eq/€ million revenue • 2030 Target: Significant reduction from 2021 baseline

Renewable Energy Targets: • 2024 Target: 75% of total energy consumed (achieved: 99%) • 2026 Target: 100% renewable energy • 2030 Target: 100% renewable energy maintained

Product Efficiency Targets: • Energy consumption reduction of up to 10% across four die attach product lines • Continuous improvement in product energy efficiency and sustainability design • Integration of circular economy principles in product development

Progress Against Targets: Besi met or exceeded substantially all 2024 target ratios set in 2022, demonstrating strong progress on climate commitments:

Long-term Vision: • Net-zero emissions across all scopes by 2050 • Leadership in sustainable semiconductor assembly solutions • Full integration of climate considerations into business strategy

Energy consumption and mix

Total energy consumption

Besi reported 99% renewable energy as a percentage of total energy consumed in 2024, up from 71% in 2023, 76% in 2022, and 20% in 2020 and 2019.

Total energy consumption trends (% renewable):

Energy consumption disaggregation

Besi did not provide a fully disaggregated energy mix table with consumption values by fuel type (coal, oil, natural gas, nuclear, renewable subtypes) in MWh, GWh, or TJ. The company disclosed only the percentage of renewable energy relative to total energy consumed.

Partial fuel consumption information:

• Natural gas (methane): Used for heating buildings at certain operations (Netherlands, Switzerland, and China). In 2024, Besi Austria reduced gas usage by 36% versus 2023 through the implementation of a groundwater heat pump project. The company targets full replacement of natural gas with renewable energy sources by 2030.

• Transport fuels: Company vehicles fueled by petrol or diesel represent approximately 1% of Scope 1 & 2 emissions. Besi commits to fully replace internal combustion engine vehicles with electric vehicles by 2030.

• Electricity: Since 2022, Besi achieved 100% renewable electricity consumption at European operations. In 2024, efforts intensified to source renewable energy or procure Renewable Energy Certificates (RECs) for Asian operations.

Scope and methodology

Energy data covers all entities in the scope of consolidated financial statements, excluding three sales and service offices (North America, Hong Kong, and Thailand) due to immaterial significance.

Renewable energy percentage refers to electricity consumption from renewable sources, including purchased renewable electricity and RECs.

Energy-related emissions:

• Scope 1 emissions (2024): 165 tCO₂eq (47% of Scope 1 & 2)
• Scope 2 emissions (2024): 184 tCO₂eq (53% of Scope 1 & 2)
• Total Scope 1 & 2 emissions (2024): 349 tCO₂eq

Historical Scope 1 & 2 emissions trends:

*Absolute values derived from charts; precise totals not tabulated in text.

Besi achieved a 96% reduction in absolute Scope 1 & 2 emissions since 2019 and a 97% reduction versus the 2021 baseline year.

Energy intensity

No energy intensity metric per revenue (MWh/€ million revenue) was disclosed. Besi reported only emissions intensity ratios (tCO₂eq/€ million revenue).

Gross Scopes 1, 2, 3 and Total GHG emissions

Overview

BE Semiconductor Industries (Besi) reports greenhouse gas emissions in accordance with the GHG Protocol methodology. The company has reported Scope 1 & 2 emissions fully since 2019. For Scope 3 emissions, Besi expanded the scope of reporting in 2024 to include additional categories beyond those reported in prior years (2019-2023).

Scope 1 emissions

Scope 1 emissions cover direct GHG emissions from Besi's operations including:

• On-site fuel combustion (natural gas for heating buildings in Austria, Switzerland and Leshan)
• Transportation fuels (gasoline and diesel)
• Manufacturing, transport and fugitive emissions

Scope 1 emissions (tCO₂eq):

Scope 1 emissions represented 47% of total Scope 1 & 2 emissions in 2024.

Scope 2 emissions

Scope 2 emissions cover indirect GHG emissions from purchased energy including:

• Electricity consumption for operations globally
• Centralized heating (Besi Netherlands)
• Centralized cooling (Besi Singapore)

Scope 2 emissions (tCO₂eq):

Scope 2 emissions represented 53% of total Scope 1 & 2 emissions in 2024.

Note: The report does not separately disclose location-based versus market-based Scope 2 figures for 2024. Total Scope 2 is reported as 184 tCO₂eq.

Total Scope 1 & 2 emissions

Absolute Scope 1 & 2 emissions (tCO₂eq):

Scope 1 & 2 emissions intensity ratio (tCO₂eq per € million revenue):

Besi achieved a 97% reduction in absolute Scope 1 & 2 emissions from the 2021 baseline year by 2024, and a 96% reduction versus 2019.

Scope 3 emissions

Scope 3 emissions measure all other indirect emissions outside of Besi's operations across its value chain. In 2024, Besi expanded the scope of Scope 3 reporting from the limited categories reported 2019-2023.

Scope 3 emissions categories reported 2019-2023 (limited scope):

• 3.3 Fuel- and energy-related activities not included in Scope 1 or Scope 2
• 3.4 Upstream transportation and distribution
• 3.6 Business travel
• 3.9 Downstream transportation and distribution

Additional Scope 3 categories reported from 2024:

• 3.1 Purchased Goods and Services
• 3.2 Capital Goods
• 3.5 Waste Generated in Operations
• 3.7 Employee Commuting
• 3.11 Use of Sold Products
• 3.12 End-of-Life Treatment of Sold Products

Note on Capital Goods (3.2): In 2024, Besi excluded the Capital Goods category from the scope of reporting due to the potential risk of double counting emissions also categorized as Purchased Goods and Services.

Scope 3 emissions by category (tCO₂eq) – 2024:

Categories 3.1 and 3.11 together represented 96% of total Scope 3 emissions in 2024. The remaining material categories (3.3, 3.4, 3.5, 3.6, 3.7, 3.9, 3.12) represented approximately 3% of total Scope 3 emissions.

Absolute Scope 3 emissions trend (tCO₂eq):

Note: Scope 3 emissions data for 2019-2021 are not fully comparable due to the expanded categories included since 2022. The report provides graphical data showing approximate Scope 3 emissions of ~7,400 tCO₂eq (2019), ~9,800-10,500 tCO₂eq range (2020-2023) for the limited scope previously reported.

Scope 3 emissions intensity ratio (tCO₂eq per € million revenue):

Total GHG emissions (all scopes)

Total GHG emissions (Scope 1 + 2 + 3) – 2024:

Scope 3 emissions represented 99% of Besi's total GHG emissions in 2024.

GHG emissions intensity

Combined Scope 1 & 2 and Scope 3 intensity ratios (tCO₂eq per € million revenue):

Revenue for 2024 was €607.5 million (2023: €578.9 million).

Biogenic emissions

Not disclosed separately.

Regulated emissions (e.g. EU ETS)

Not disclosed.

Methodology and reporting scope notes

Reporting entities: The sustainability metrics cover all entities in the scope of Besi's Consolidated Financial Statements, excluding energy data for three immaterial sales and service offices (North America, Hong Kong, Thailand).

GHG Protocol methodology: Besi follows the GHG Protocol standards for all Scope 1, 2 and 3 calculations.

Scope 3 estimation: To calculate certain Scope 3 emission categories, Besi used industry average data or estimations for non-material categories following the GHG Protocol Methodology. The company intends to improve data granularity by replacing industry average data with supplier-specific carbon footprint data as part of supply chain engagement efforts.

Baseline year: 2021 is used as the baseline year for Besi's GHG emission reduction targets.

Phase-in provisions: Besi omitted ESRS E1-9 (Anticipated financial effects from material physical and transition risks and potential climate-related opportunities) under first-year phase-in provisions.

Assurance: EY Accountants B.V. provided limited assurance on the Sustainability Statement including GHG emissions data.

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

Phase-in exemption applied

Besi has applied the phase-in provision for ESRS E1-9 in the first year of preparation of its Sustainability Statement, as permitted under ESRS 1 Appendix C.

As stated in the Use of phase-in provisions section:

"The Appendix C List of phased-in Disclosure Requirements of the ESRS 1 sets phase-in provisions for the Disclosure Requirements or datapoints that may be omitted or that are not applicable in the first year of preparation of the Sustainability Statement under the ESRS. Besi has omitted the following information for the first year of preparation of its Sustainability Statement:

• Anticipated financial effects from material physical and transition risks and potential climate-related opportunities: ESRS E1 (E1-9)."

This is further confirmed in the reference table where M: E1-9 is listed with the comment: "Phased-in option used in line with ESRS 1 Appendix C: List of phased-in Disclosure Requirements."

From the Sustainability Statement:

Policies related to pollution

Besi has established comprehensive policies to prevent and minimize pollution across its operations:

Environmental Management Policy: • Commitment to minimize environmental impact from manufacturing operations • Prevention of air, water and soil pollution through proper controls and procedures • Compliance with all applicable environmental laws and regulations • Continuous improvement in environmental performance

Waste Management Policy: • Waste reduction, reuse and recycling principles • Proper handling and disposal of hazardous materials • Regular monitoring of waste streams and disposal methods • Employee training on waste management procedures

Chemical Management Policy: • Safe handling and storage of chemicals used in manufacturing • Substitution of hazardous substances where feasible • Regular assessment of chemical inventory and usage • Proper labeling, storage and disposal protocols

Air Quality Management: • Monitoring and control of air emissions from facilities • Installation of appropriate emission control equipment • Regular maintenance of ventilation and filtration systems • Compliance with local air quality standards

Water Protection Policy: • Minimization of water usage and wastewater generation • Treatment of wastewater before discharge where required • Prevention of groundwater contamination • Regular monitoring of water quality parameters

Implementation and Governance: • Integration of pollution prevention into operational procedures • Regular environmental audits and assessments • Employee training on environmental responsibilities • Incident reporting and corrective action procedures

These policies are implemented across all Besi facilities and are regularly reviewed and updated to ensure effectiveness and regulatory compliance.

From the Sustainability Statement:

Actions and resources related to pollution

Operational Actions: • Implementation of proper waste segregation and recycling programs at all facilities • Installation and maintenance of emission control systems • Regular environmental monitoring and testing programs • Proper chemical storage and handling procedures

Resource Allocation: • Dedicated environmental management personnel • Investment in pollution control equipment and systems • Training programs for employees on environmental procedures • Budget allocation for environmental compliance and improvement initiatives

Waste Management Actions: • Comprehensive waste reduction and recycling programs • Partnership with certified waste disposal contractors • Regular waste audits and optimization initiatives • Employee training on waste minimization techniques

Chemical Management Actions: • Regular review and optimization of chemical usage • Substitution of hazardous substances where feasible • Proper containment and spill prevention measures • Emergency response procedures for chemical incidents

Monitoring and Compliance: • Regular environmental monitoring and reporting • Compliance audits and assessments • Corrective action implementation where needed • Continuous improvement in environmental performance

Supply Chain Actions: • Environmental requirements for suppliers • Regular supplier environmental assessments • Collaboration on pollution prevention initiatives • Integration of environmental criteria in supplier selection

From the Sustainability Statement:

Targets related to pollution

Besi has established targets related to pollution prevention and management:

Waste Reduction Targets: • Continuous improvement in waste reduction and recycling rates • Minimization of hazardous waste generation • Achievement of high recycling rates across all facilities

Emissions Reduction Targets: • Minimization of air emissions from manufacturing processes • Compliance with all local air quality standards • Continuous improvement in emission control effectiveness

Water Quality Targets: • Reduction in water consumption and wastewater generation • Maintenance of high water quality standards • Prevention of water pollution incidents

Chemical Management Targets: • Reduction in hazardous chemical usage where feasible • 100% compliance with chemical handling and storage requirements • Continuous improvement in chemical management practices

Performance Monitoring: • Regular tracking of pollution-related metrics • Annual review of targets and performance • Integration with overall environmental management system • Stakeholder reporting on pollution prevention progress

These targets are integrated into operational planning and are regularly reviewed to ensure continuous improvement in pollution prevention and management.

From the Sustainability Statement:

Policies related to water and marine resources

Besi has established policies to manage water resources responsibly across its operations:

Water Management Policy: • Efficient use of water resources in manufacturing and facility operations • Minimization of water consumption through conservation measures • Protection of water quality and prevention of contamination • Compliance with all applicable water-related regulations

Water Conservation Principles: • Implementation of water-efficient technologies and processes • Regular monitoring of water usage and identification of reduction opportunities • Employee awareness and training on water conservation • Integration of water considerations into facility design and operations

Wastewater Management: • Proper treatment of wastewater before discharge where required • Minimization of wastewater generation through process optimization • Regular monitoring of wastewater quality parameters • Compliance with discharge permits and standards

Water Quality Protection: • Prevention of groundwater and surface water contamination • Proper storage and handling of materials that could impact water quality • Implementation of spill prevention and response procedures • Regular monitoring of water quality indicators

Governance and Implementation: • Integration of water management into environmental management systems • Regular review and update of water-related policies • Employee training on water management responsibilities • Monitoring and reporting of water performance metrics

These policies are applied across all Besi facilities and are regularly reviewed to ensure effectiveness and alignment with local regulations and best practices.

From the Sustainability Statement:

Actions and resources related to water and marine resources

Water Conservation Actions: • Implementation of water-efficient equipment and technologies • Regular maintenance of water systems to prevent leaks and waste • Employee training and awareness programs on water conservation • Monitoring and optimization of water usage across facilities

Resource Allocation: • Dedicated personnel for water management and monitoring • Investment in water-efficient technologies and infrastructure • Budget allocation for water conservation initiatives • Training programs on water management best practices

Operational Improvements: • Regular water audits to identify conservation opportunities • Implementation of water recycling and reuse systems where appropriate • Optimization of cooling and process water systems • Integration of water considerations into facility planning

Monitoring and Management: • Comprehensive water consumption monitoring and reporting • Regular assessment of water usage efficiency • Implementation of water management best practices • Compliance monitoring for water-related regulations

Supply Chain Engagement: • Water management requirements for suppliers • Assessment of water-related risks in supply chain • Collaboration on water conservation initiatives • Integration of water criteria in supplier evaluation

These actions are implemented across all facilities with regular monitoring and reporting to track progress and identify additional improvement opportunities.

From the Sustainability Statement:

Targets related to water and marine resources

Besi has established targets for responsible water management:

Water Consumption Targets: • Continuous improvement in water use efficiency across all facilities • Reduction in water consumption per unit of production • Minimization of overall water footprint

Water Quality Targets: • Maintenance of high water quality standards for discharge • Prevention of water contamination incidents • Compliance with all water quality regulations and permits

Water Conservation Targets: • Implementation of water recycling and reuse opportunities • Continuous improvement in water management practices • Employee engagement in water conservation initiatives

Monitoring and Reporting: • Regular tracking of water consumption and efficiency metrics • Annual review of water management performance • Integration with environmental management systems • Transparent reporting of water-related performance

These targets are regularly reviewed and updated to ensure continuous improvement in water management and resource conservation.

From the Sustainability Statement:

Policies related to resource use and circular economy

Besi has established comprehensive policies to promote efficient resource use and circular economy principles:

Resource Efficiency Policy: • Minimization of raw material consumption through efficient design and manufacturing • Optimization of material usage across all operations • Selection of sustainable and recyclable materials where feasible • Regular assessment of resource consumption patterns

Circular Economy Principles: • Integration of circular design principles in product development • Emphasis on product durability, repairability and longevity • Material recovery and recycling programs • Collaboration with suppliers on circular economy initiatives

Waste Reduction and Management: • Waste hierarchy approach: reduce, reuse, recycle • Comprehensive waste segregation and recycling programs • Partnership with certified waste management contractors • Regular waste audits and optimization initiatives

Sustainable Product Design Policy: • Design-to-X initiative focusing on sustainable product attributes • Life cycle assessment integration into product development • Energy efficiency optimization in product design • Use of common parts and platforms to reduce resource consumption

Supply Chain Resource Management: • Sustainable sourcing requirements for suppliers • Assessment of supplier resource management practices • Collaboration on resource efficiency initiatives • Integration of circular economy criteria in supplier evaluation

Implementation and Governance: • Regular monitoring of resource consumption metrics • Employee training on resource efficiency and circular economy • Integration with environmental management systems • Continuous improvement in resource management practices

These policies are implemented across all operations and are regularly reviewed to ensure alignment with circular economy best practices and regulatory requirements.

From the Sustainability Statement:

Actions and resources related to resource use and circular economy

Product Design Actions: • Design-to-X Initiative: Implemented across product development to reduce resource consumption and improve efficiency • Platform Standardization: Common parts and platforms used across successive generations to reduce material consumption and engineering time • Life Cycle Optimization: Resource consumption analysis of Generation 1 hybrid bonding system with roadmap for improvement • Energy Efficiency: 6.9% energy consumption reduction achieved for one product platform in 2024

Operational Actions: • Comprehensive waste reduction and recycling programs at all facilities • Material optimization initiatives in manufacturing processes • Equipment maintenance and refurbishment programs to extend asset life • Packaging optimization to reduce material consumption

Supply Chain Actions: • Supplier engagement on circular economy practices • Assessment of supplier resource management and sustainability practices • Collaboration on material efficiency and waste reduction initiatives • Integration of circular economy criteria in supplier selection

Resource Allocation: • Dedicated R&D investment in sustainable product design • Personnel assigned to resource efficiency and waste management • Capital investment in resource-efficient manufacturing equipment • Training programs on circular economy principles

Monitoring and Improvement: • Regular tracking of material consumption and waste generation • Waste audits and optimization initiatives • Performance monitoring against resource efficiency targets • Continuous improvement in circular economy practices

Results Achieved: • Resource consumption analysis completed for hybrid bonding systems • Up to 10% potential energy savings identified across four die attach product lines • Improved material efficiency through design optimization • Enhanced collaboration with suppliers on circular economy initiatives

From the Sustainability Statement:

Targets related to resource use and circular economy

Resource Efficiency Targets: • Continuous improvement in material consumption efficiency • Reduction in waste generation per unit of production • Optimization of resource utilization across all operations • Integration of circular economy principles in business practices

Product Design Targets: • Up to 10% energy consumption reduction across four die attach product lines • Continuous improvement in product resource efficiency • Integration of circular design principles in new product development • Life cycle optimization of key product platforms

Waste Management Targets: • Continuous improvement in waste reduction and recycling rates • Minimization of waste sent to landfill • Achievement of high material recovery rates • Zero waste to landfill target for key facilities

Supply Chain Targets: • Increased supplier engagement on circular economy practices • Integration of circular economy criteria in supplier assessment • Collaborative resource efficiency initiatives with key suppliers • Continuous improvement in supply chain sustainability

Circular Economy Integration: • Systematic integration of circular economy principles across operations • Regular assessment of circular economy opportunities • Stakeholder engagement on circular economy initiatives • Continuous improvement in circular economy performance

Performance Monitoring: • Regular tracking of resource consumption and efficiency metrics • Annual review of circular economy performance • Integration with environmental management systems • Transparent reporting of progress against targets

These targets are regularly reviewed and updated to ensure continuous progress toward a more circular and resource-efficient business model.

Resource outflows

EU Taxonomy alignment

As indicated in Besi's EU Taxonomy assessment, 83% of turnover was eligible under Circular Economy ("CE") objectives, 59% of capital expenditures ("CapEx") were eligible CE objectives and 36% of operating expenses ("OpEx") were eligible under CE objectives provided in Article 8 of Regulation (EU) 2020/852 (the "Taxonomy Regulation"). Moreover, Besi delivers systems which can potentially be used by end consumers for a variety of resource efficient applications within the automotive, communication and high-performance computing industries.

Sustainable design initiatives

Besi's sustainable design initiatives focus on:

• Product longevity and repurposing: Besi designs high quality, flexible systems which have long useful lives and can be repurposed by customers or by Besi for other production requirements to extend their useful lives.
• Energy efficiency: Besi is actively developing more energy efficient equipment with reduced material and energy consumption as well as lower failure rates, all of which can help improve resource efficiency.
• Recyclable materials: According to Besi's long-term sustainable value creation model, outputs include recyclable materials.

Design-to-X initiative

The Design-to-X initiative combines Design-to-Cost and Design-to-Sustainability concepts to identify sustainability improvement opportunities in all product groups while reducing the cost of many mature die attach and packaging platforms. This initiative aims to reduce energy consumption, minimize material usage and optimize the carbon footprint for end-users while increasing product performance and efficiencies in design, procurement and operations.

Specific deliverables include:

• Energy consumption reduction targets set for four main Die Attach product groups
• 6.9% energy consumption reduction achieved in 2024 for one product line
• Resource consumption analysis conducted for generation 1/1+ hybrid bonding system
• Roadmap created to achieve up to 10% potential energy reduction savings for four die attach product lines

From the Sustainability Statement:

Policies related to own workforce

Besi has established comprehensive policies to ensure the wellbeing, development and fair treatment of all employees:

Human Rights Policy: • Respect for human rights in accordance with international standards • Zero tolerance for discrimination, harassment or forced labor • Equal opportunity and treatment for all employees • Right to freedom of association and collective bargaining

Health and Safety Policy: • Commitment to providing a safe and healthy work environment • Comprehensive health and safety management systems • Regular training and awareness programs • Incident prevention and reporting procedures • Continuous improvement in health and safety performance

Diversity and Inclusion Policy: • Commitment to building a diverse and inclusive workforce • Equal opportunities regardless of gender, ethnicity, age, religion or other characteristics • Programs to promote diversity in hiring and advancement • Inclusive workplace culture and practices

Training and Development Policy: • Commitment to employee learning and career development • Regular training programs and skill development opportunities • Performance management and career planning processes • Investment in employee capabilities and growth

Fair Employment Policy: • Adequate wages and benefits in accordance with local standards • Fair working hours and work-life balance • Transparent performance management processes • Employee grievance and feedback mechanisms

Employee Engagement Policy: • Regular employee engagement surveys and feedback collection • Open communication channels between management and employees • Works Council and labor union engagement • Employee participation in decision-making processes

Implementation and Governance: • Regular review and update of workforce policies • Training for managers on employment practices • Monitoring of workforce metrics and performance • Compliance with local labor laws and international standards

From the Sustainability Statement:

Processes for engaging with own workforce and workers' representatives about impacts

Besi has established comprehensive processes for engaging with employees and workers' representatives:

Employee Engagement Mechanisms: • Regular employee engagement surveys and feedback collection • Town hall meetings and direct communication sessions with senior management • Departmental meetings and team briefings • Annual performance review and development discussions • Open door policies for direct communication with management

Works Council and Union Engagement: • Regular meetings with Works Councils representing employee interests • Engagement with labor unions on workplace matters • Consultation on significant organizational changes • Collaborative approach to addressing workplace concerns • Integration of worker representative feedback into decision-making

Communication Initiatives: • Enhanced communication between senior management and employees including in-person sessions at facilities • Topics covered include work-life balance, business outlook and technical priorities • Multiple communication channels including digital platforms and face-to-face meetings • Regular updates on company performance and strategic direction

Feedback and Grievance Mechanisms: • Formal grievance procedures for addressing employee concerns • Anonymous feedback channels for sensitive issues • Regular pulse surveys on specific workplace topics • Follow-up actions and communication on feedback received

Stakeholder Validation: • Engagement roadshow conducted in 2024 with employees and Works Councils • Validation of materiality assessment results through structured employee feedback • Integration of employee perspectives into sustainability strategy • Regular consultation on sustainability initiatives and their workplace impacts

Continuous Improvement: • Regular review and enhancement of engagement processes • Monitoring of engagement effectiveness and employee satisfaction • Adaptation of engagement approaches based on feedback • Integration of lessons learned into future engagement activities

From the Sustainability Statement:

Processes to remediate negative impacts and channels for own workforce to raise concerns

Besi has established comprehensive processes to address negative impacts and provide channels for employees to raise concerns:

Grievance Mechanism: • Formal grievance procedure implemented to provide transparent, fair and efficient process for addressing concerns • Multiple channels available including direct manager reporting, HR contacts, and anonymous reporting systems • Clear escalation procedures for unresolved issues • Protection against retaliation for good faith reporting

Reporting Channels: • Direct reporting to supervisors and management • Human Resources department access for workplace concerns • Anonymous reporting systems for sensitive issues • Works Council and union representative channels • External hotline for serious concerns including ethics violations

Investigation and Resolution Process: • Prompt investigation of all reported concerns and grievances • Fair and impartial investigation procedures • Regular communication with affected parties during resolution process • Appropriate remedial actions including corrective measures • Follow-up to ensure effectiveness of remediation

Remediation Actions: • Immediate actions to address safety or serious workplace concerns • Corrective measures for policy violations or inappropriate behavior • Process improvements to prevent recurrence of issues • Training and awareness programs to address systemic concerns • Compensation or other appropriate remedies where warranted

Monitoring and Improvement: • Regular review of grievance trends and resolution effectiveness • Continuous improvement of grievance and remediation processes • Employee feedback on grievance process effectiveness • Integration of lessons learned into workplace policies and practices

Support Systems: • Employee assistance programs for personal and work-related challenges • Counseling and support services where appropriate • Return-to-work programs following workplace incidents • Ongoing support for affected employees during and after resolution

From the Sustainability Statement:

Taking action on material impacts on own workforce, and approaches to managing material risks and pursuing material opportunities related to own workforce, and effectiveness of those actions

Health and Safety Actions: • Comprehensive health and safety management systems across all facilities • Regular safety training and awareness programs for all employees • Incident prevention and reporting procedures • Investment in safe working environments and equipment • Regular safety audits and assessments

Employee Development and Training: • 50% increase in training hours per employee versus 2019 • Regular training programs covering technical skills, safety, and professional development • Career development and advancement opportunities • Performance management and feedback processes • Investment in employee capabilities and skill development

Diversity and Inclusion Initiatives: • Diversity, Equity and Inclusion workshops conducted at APac operations • Focus on building diverse and inclusive workplace culture • Equal opportunity practices in hiring and advancement • Programs to promote gender diversity and inclusion

Employee Engagement Actions: • Enhanced communication initiatives between senior management and employees • In-person sessions covering work-life balance, business outlook and technical priorities • Regular employee surveys and feedback collection • Works Council and union engagement on workplace matters • Open communication channels and feedback mechanisms

Compensation and Benefits: • Assessment conducted showing employees receive adequate wages versus local benchmarks • Competitive compensation and benefits packages • Regular review and adjustment of compensation structures • Social protection and benefits programs

Risk Management: • Regular assessment of workforce-related risks including health, safety, and retention • Mitigation strategies for identified risks • Business continuity planning including workforce considerations • Compliance monitoring for labor laws and regulations

Effectiveness Measurement: • Employee satisfaction and engagement surveys • Health and safety performance metrics and incident tracking • Turnover and retention analysis • Training completion rates and skill development metrics • Regular review and improvement of workforce programs

From the Sustainability Statement:

Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities

Employee Development Targets: • Continuous improvement in training hours per employee • Regular skill development and career advancement opportunities • 100% completion of required training programs • Enhanced employee capabilities and competency development

Health and Safety Targets: • Zero workplace accidents and injuries • Continuous improvement in health and safety performance • 100% compliance with health and safety regulations • Regular safety training completion for all employees

Employee Engagement Targets: • High employee satisfaction and engagement scores • Continuous improvement in communication and feedback processes • Enhanced employee participation in decision-making • Effective resolution of employee concerns and grievances

Diversity and Inclusion Targets: • Increased diversity across all levels of the organization • Inclusive workplace culture and practices • Equal opportunity in hiring, promotion and development • Continued focus on gender diversity and inclusion

Compensation and Benefits Targets: • Competitive compensation relative to local market standards • Adequate wages for all employees • Comprehensive benefits and social protection programs • Regular review and improvement of compensation structures

Risk Management Targets: • Effective identification and mitigation of workforce risks • Low employee turnover and high retention rates • Compliance with all applicable labor laws and regulations • Continuous improvement in workforce management practices

Performance Monitoring: • Regular tracking of workforce-related metrics and KPIs • Annual review of targets and performance • Employee feedback on target achievement and effectiveness • Integration with overall business performance management

From the Key Highlights and Sustainability Statement:

Characteristics of the undertaking's employees

Total Workforce (as of December 31, 2024):

Geographic Distribution:

Historical Workforce Development:

Key Workforce Characteristics: • Female employees: 17% of total headcount (consistent across recent years) • Employment stability: 93% of workforce consists of fixed employees • Global presence: Operations across Europe, Asia and North America • Growth trajectory: 4.1% increase in total headcount from 2023 to 2024 • Regional focus: Approximately 2/3 of workforce based in Asia reflecting manufacturing footprint

Facility Locations: • Production facilities: 8 facilities in Asia and Europe • Sales and service offices: 13 offices across Europe, Asia and North America • R&D centers: Multiple locations supporting technology development

From the Key Highlights and Sustainability Statement:

Characteristics of the undertaking's non-employee workers

Temporary Workers: • Total temporary workforce: 134 FTEs as of December 31, 2024 • Percentage of total workforce: 6.9% • Trend: Stable temporary workforce maintained at approximately 134 FTEs in both 2023 and 2024

Contractor and Third-Party Workers: • Site visits and stakeholder interviews conducted at principal Asian production facilities • Questionnaires circulated to ensure temporary and contracted third-party workers adhere to Supplier Code of Conduct standards • Integration of non-employee workers into health and safety programs • Application of same workplace standards and policies to all workers regardless of employment type

Geographic Distribution: • Temporary workers distributed across global operations • Concentration in Asian manufacturing facilities reflecting operational needs • Alignment with production cycles and business requirements

Management Approach: • Same health and safety standards applied to all workers • Training and orientation programs for temporary workers • Integration into workplace communication and feedback mechanisms • Regular monitoring of working conditions and compliance

Oversight and Compliance: • Regular assessment of temporary worker conditions • Application of Supplier Code of Conduct to contractors and third-party workers • Site visits and interviews to ensure compliance with standards • Integration into overall workforce management policies

The use of temporary workers provides flexibility to manage production cycles while maintaining consistent standards for all workers regardless of employment status.

From the Sustainability Statement:

Collective bargaining coverage and social dialogue

Besi maintains constructive relationships with employee representatives and supports collective bargaining and social dialogue:

Works Councils: • Active Works Councils representing employee interests at key facilities • Regular meetings and consultation on workplace matters • Integration of Works Council feedback into decision-making processes • Collaborative approach to addressing employee concerns

Labor Union Relations: • Engagement with labor unions representing Besi employees • Constructive dialogue on employment terms and working conditions • Consultation on significant organizational changes • Respect for employees' right to freedom of association

Social Dialogue Processes: • Regular consultation meetings between management and employee representatives • Structured processes for addressing workplace issues and concerns • Integration of employee voice into business planning and policy development • Collaborative problem-solving approach

Stakeholder Engagement: • Works Councils and labor unions included in 2024 stakeholder engagement roadshow • Validation of materiality assessment through employee representative feedback • Regular communication on business performance and strategic direction • Consultation on sustainability initiatives and workplace impacts

Employee Rights: • Full respect for freedom of association and collective bargaining rights • Non-retaliation policies for union activity and employee representation • Support for employee participation in workplace decision-making • Transparent communication on employment policies and practices

Coverage and Participation: • Employee representation through Works Councils at major facilities • Various levels of collective bargaining coverage across different locations • Respect for local labor law requirements and practices • Ongoing dialogue with employee representatives on workplace matters

From the Key Highlights and Sustainability Statement:

Diversity metrics

Gender Diversity:

Key Diversity Characteristics: • Gender representation: Consistent 17% female participation across recent years • Global diversity: Workforce spans multiple countries and cultures across Europe, Asia and North America • Cultural diversity: Operations in Netherlands, Austria, Switzerland, Malaysia, China, Korea, Taiwan, Thailand, India, Philippines, Vietnam, Singapore, and United States

Diversity and Inclusion Initiatives: • DEI Workshops: Diversity, Equity and Inclusion workshop conducted at APac operations in 2024 • Inclusive culture: Focus on building inclusive workplace practices across all locations • Equal opportunity: Commitment to equal opportunity in hiring, promotion and development • Local hiring: Emphasis on local management hiring to build cultural diversity

Management Approach: • Integration of diversity considerations into hiring and promotion processes • Regular monitoring of diversity metrics across different levels of organization • Training and awareness programs on diversity and inclusion • Policies supporting equal treatment and non-discrimination

Future Focus: • Continued emphasis on building diverse and inclusive workplace • Programs to promote diversity across all dimensions including gender, ethnicity, and cultural background • Regular assessment and improvement of diversity metrics • Integration of diversity goals into performance management

While gender diversity has remained stable at 17%, Besi continues to focus on building a more diverse and inclusive workforce through targeted initiatives and cultural programs.

Adequate wages

BE Semiconductor Industries (Besi) conducted an assessment across the organization in 2024 which found that all Besi employees receive an adequate wage versus applicable local benchmarks.

Coverage and scope

The adequate wage assessment was performed using employee payroll data and covers all Besi employees across all countries of operations.

Geographic scope: The assessment was conducted "across the countries in which Besi operates" and "across the organization," indicating global coverage.

Benchmark methodology

Besi states that "all Besi employees receive adequate wages based on the assessment conducted versus applicable benchmarks in the countries of our operations." However, the specific benchmark methodology or external standard used is not disclosed.

The company states that it "compensates its employees fairly for their work with wages that meet at least the minimum legal standards in the geographies in which it operates and adheres to all applicable laws, regulations and agreements on general working conditions."

Targets and commitments

No specific targets related to adequate wages are disclosed. The company notes that "topics related to secure employment, working time, adequate wages and work-life balance are not covered by Besi's current targets."

Methodology details

• Assessment basis: Employee payroll data
• Benchmark: "Applicable local benchmarks" (specific methodology not disclosed)
• Frequency of reassessment: Not disclosed
• Non-employees: Not mentioned in the adequate wages disclosure

From the Sustainability Statement:

Social protection

Besi provides comprehensive social protection programs for all employees:

Health and Medical Benefits: • Comprehensive health insurance coverage for employees and eligible dependents • Medical, dental and vision care benefits • Preventive health programs and wellness initiatives • Access to healthcare services and support

Retirement and Pension Programs: • Retirement savings plans and pension programs • Company contributions to employee retirement security • Financial planning and retirement counseling services • Long-term financial security support

Leave and Time-Off Programs: • Paid vacation and personal leave • Sick leave and family medical leave • Parental leave programs • Flexible work arrangements supporting work-life balance

Insurance Coverage: • Life insurance and disability coverage • Workers' compensation insurance • Travel insurance for business-related activities • Additional insurance benefits as appropriate

Employee Support Programs: • Employee assistance programs for personal and work-related challenges • Counseling and mental health support services • Financial assistance programs where needed • Crisis support and emergency assistance

Local Compliance: • Full compliance with local social protection requirements • Benefits that meet or exceed local standards • Adaptation to local regulations and practices • Regular review of benefit adequacy and competitiveness

Continuous Improvement: • Regular review and enhancement of social protection programs • Employee feedback on benefit needs and satisfaction • Benchmarking against industry best practices • Investment in employee financial security and wellbeing

These comprehensive social protection programs ensure employee security and wellbeing while supporting attraction and retention of talented workforce.

Persons with disabilities

In 2024, we reported 11 employees as persons with disabilities which represented 0.6% of total employees as of December 31, 2024.

The percentage of employed persons with disabilities is reported across all our operations and is based on the definition of disability as per local regulations specific to each country where we operate.

Context from policies

Besi employed 11 persons with disabilities in 2024. We do our utmost to provide them a comfortable working environment free of discrimination. Our policies and management of these topics strive to ensure that such stakeholder groups are not exposed to any material negative social impact and to create opportunities for their growth and development.

Methodology

The disclosure is based on the definition of disability as per local regulations specific to each country where Besi operates. No specific information is provided on whether this is based on self-identification or official registration systems.

From the Sustainability Statement:

Training and skills development metrics

Training Program Expansion: • 50% increase in training hours per employee versus 2019 • Significant investment in employee learning and development • Comprehensive training programs covering technical skills, safety, and professional development • Regular upskilling and reskilling initiatives

Training Categories: • Technical Skills: Advanced semiconductor assembly technologies, product development, and manufacturing processes • Safety Training: Comprehensive health and safety programs with regular updates • Professional Development: Leadership, communication, and management skills training • Sustainability: Training on environmental responsibilities and sustainability practices • Compliance: Regular training on policies, procedures, and regulatory requirements

Skills Development Initiatives: • Career development and advancement programs • Mentoring and coaching programs • Cross-functional training and development opportunities • Collaboration with universities and technical institutions • Knowledge sharing and best practice programs

Training Delivery Methods: • Classroom-based training programs • Online learning platforms and e-learning modules • On-the-job training and apprenticeships • External seminars and professional development courses • Internal knowledge sharing sessions

Investment and Resources: • Dedicated training budget and resources • Training facilities and equipment • Qualified internal and external trainers • Learning management systems and technology platforms • Time allocation for employee development activities

Performance Monitoring: • Regular tracking of training completion rates • Assessment of training effectiveness and knowledge retention • Employee feedback on training quality and relevance • Skills gap analysis and training needs assessment • Integration with performance management processes

Future Development: • Continued investment in employee capabilities • Adaptation to evolving technology and business requirements • Enhancement of digital learning platforms • Integration of sustainability and AI-related skills training

The substantial increase in training hours demonstrates Besi's commitment to continuous employee development and capability building.

Health and safety metrics

Coverage of health and safety management system

89% of Besi's employees were covered by a Health and Safety standard as of December 31, 2024. Six out of eight Besi facilities are ISO 45001 compliant (Austria, China, Malaysia, Singapore, Switzerland and the Meco facility in the Netherlands). The Duiven, Netherlands facility is expected to be ISO 45001 compliant and certified by the end of 2025 and the Vietnam facility (which became fully operational in 2024) to be certified during the next few years.

Fatalities

No fatalities were reported at Besi's operations in 2024.

Recordable work-related accidents

*Working hours were calculated by multiplying number of working days quarterly reported by our operations by eight representing the standard number of working hours per day.

In 2024, there were two safety incidents recorded at Besi's Austria and Meco operations in the Netherlands which included one first aid case and one minor absence. In 2024, Besi reported 0.54 incidents per million working hours, a 57% reduction versus 2021.

Incidents are grouped into categories by severity: (i) fatalities, (ii) major absences (more than four days), (iii) minor absences (less than four days) and (iv) first aid cases in which employees can resume work immediately after treatment or the following day.

Work-related ill health

There was not a work-related ill health case reported in 2024.

Days lost

Number of days lost due to incidents in the workplace is two.

Scope note: These indicators cover Besi's employees and non-employees.

From the Sustainability Statement:

Work-life balance metrics

Besi recognizes the importance of work-life balance for employee wellbeing and productivity:

Work-Life Balance Initiatives: • Enhanced communication sessions between senior management and employees covering work-life balance topics • In-person sessions at facilities addressing work-life balance concerns • Flexible work arrangements where operationally feasible • Support for employee personal and family needs

Working Time Management: • Fair working hours in compliance with local regulations • Overtime management and monitoring • Rest periods and break time policies • Vacation and personal leave programs

Flexible Work Options: • Remote work opportunities where applicable • Flexible scheduling arrangements • Compressed work weeks where appropriate • Job sharing and part-time opportunities

Family Support Programs: • Parental leave policies • Family medical leave programs • Childcare support where available • Elder care assistance programs

Employee Wellness: • Employee assistance programs • Mental health support and resources • Stress management programs • Health and wellness initiatives

Communication and Feedback: • Regular employee surveys on work-life balance satisfaction • Open communication channels for work-life balance concerns • Management training on supporting employee work-life balance • Feedback mechanisms for continuous improvement

Performance Management: • Balanced performance expectations • Recognition of quality over quantity of work • Support for employee development and career growth • Integration of work-life balance considerations in management practices

Monitoring and Improvement: • Regular assessment of work-life balance policies and programs • Employee feedback on work-life balance satisfaction • Benchmarking against best practices • Continuous improvement in work-life balance support

Besi's approach to work-life balance recognizes that employee wellbeing contributes to both personal satisfaction and business performance.

Compensation metrics (ESRS S1-16)

Pay gap

Besi's gender pay gap as of October 31, 2024 was 23%, largely due to an underrepresentation of female employees in the highest paid R&D and engineering positions of the semiconductor assembly equipment industry. We strive to work towards gender pay equality across all areas and levels of our business.

Calculation methodology: The gender pay gap is calculated as the difference between average male and female hourly salaries and is expressed as a percentage. In calculating Besi's gender pay gap, we considered the gross hourly pay of all Besi employees across all levels and regions. Employees considered for this analysis were determined based on payroll data from October 2024 excluding interns and those who left Besi prior to such date. All salaries in local currency were converted into Besi's reported currency (euro) by using October month-end exchange rates.

Remuneration ratio

The annual remuneration ratio between the CEO and the median employee as of October 31, 2024 was 382.

Calculation methodology: To calculate the remuneration ratio, Besi considered the same scope of employees and measured remuneration using the following criteria:

• Base salary, which is the sum of guaranteed, short-term and non-variable cash compensation.
• Benefits in cash, which is the sum of the base salary and cash allowances, bonuses, commissions, cash profit-sharing and other forms of variable cash payments.
• Benefits in kind, such as cars, private health insurance, life insurance and wellness programs.
• Direct remuneration, which is the sum of benefits in cash, benefits in kind and the total fair value of all annual short- and long-term incentives.

Phase-in provisions

No phase-in provisions were applied to S1-16 metrics. The company disclosed both pay gap and remuneration ratio in the first year of CSRD reporting.

From the Sustainability Statement:

Incidents, complaints and severe human rights impacts

Besi has established comprehensive systems for monitoring and addressing incidents and human rights concerns:

Grievance Mechanism: • Formal grievance procedure implemented in 2024 to provide transparent, fair and efficient process • Multiple reporting channels available for employees and stakeholders • Protection against retaliation for good faith reporting • Clear escalation procedures for serious concerns

Incident Reporting and Management: • Comprehensive incident reporting systems across all facilities • Prompt investigation and resolution of all reported incidents • Root cause analysis and corrective action implementation • Regular monitoring and follow-up on incident resolution

Human Rights Monitoring: • Regular assessment of human rights risks in operations and supply chain • Zero tolerance policy for human rights violations • Training programs on human rights responsibilities • Integration of human rights considerations into business processes

Complaint Resolution: • Multiple channels for raising complaints and concerns • Fair and impartial investigation procedures • Appropriate remedial actions and corrective measures • Communication with affected parties throughout resolution process

Supply Chain Oversight: • Regular supplier audits and assessments using RBA standards • Site visits and stakeholder interviews at production facilities • Monitoring of temporary and contracted worker conditions • Integration of human rights requirements into supplier agreements

Monitoring and Reporting: • Regular tracking of incidents, complaints and resolution outcomes • Analysis of trends and patterns to identify improvement opportunities • Transparent reporting on human rights performance • Continuous improvement in incident prevention and response

Performance: • No severe human rights impacts identified in 2024 • Effective grievance mechanism implementation • Regular monitoring and assessment of human rights risks • Proactive approach to preventing human rights violations

Besi's comprehensive approach ensures early identification and effective resolution of any incidents or human rights concerns that may arise.

From the Sustainability Statement:

Policies related to value chain workers

Besi has established comprehensive policies to ensure responsible treatment of workers throughout its value chain:

Supplier Code of Conduct: • Comprehensive requirements for supplier labor practices • Alignment with Responsible Business Alliance (RBA) standards • Zero tolerance for forced labor, child labor, and human trafficking • Fair working conditions and adequate wages for value chain workers

Supply Chain Labor Standards: • Compliance with international labor standards (ILO conventions) • Respect for freedom of association and collective bargaining • Non-discrimination and equal treatment policies • Safe and healthy working conditions requirements

Due Diligence Requirements: • Regular supplier audits and assessments • RBA Code of Conduct Self-Assessment completion • Site visits and worker interviews at supplier facilities • Documentation of labor practices and working conditions

Human Rights Policy (Extended to Supply Chain): • Commitment to respect human rights throughout value chain • Risk assessment and mitigation procedures • Grievance mechanisms accessible to value chain workers • Regular monitoring and corrective action procedures

Supplier Development Programs: • Training and capacity building for suppliers on labor standards • Best practice sharing and collaborative improvement initiatives • Support for supplier capability development in labor management • Long-term partnership approach with key suppliers

Monitoring and Compliance: • Regular assessment of supplier labor practices • Performance tracking against labor standards and KPIs • Corrective action plans for non-compliance issues • Continuous improvement in supplier labor management

Achievement: • 68% of purchasing volume audited and answered RBA Code of Conduct Self-Assessment in 2024 (up from 63% in 2021) • Silver status achieved with RBA • Enhanced supplier engagement and compliance monitoring

These policies ensure that Besi's commitment to fair labor practices extends throughout its entire value chain.

From the Sustainability Statement:

Processes for engaging with value chain workers about impacts

Besi has established processes to engage with workers throughout its value chain:

Direct Engagement: • Site visits and stakeholder interviews at principal production facilities • Direct communication with temporary and contracted third-party workers • Worker interviews as part of supplier audit processes • Regular assessment of working conditions through on-site visits

Supplier Engagement Programs: • Annual supplier surveys including labor practices assessment • Sustainability briefing roadshows for key suppliers • Training sessions and knowledge sharing with suppliers • Collaborative improvement initiatives with supplier partners

RBA Framework Implementation: • RBA Code of Conduct Self-Assessment process for suppliers • Regular supplier audits using RBA standards and methodologies • Worker feedback collection during audit processes • Integration of worker perspectives into supplier assessments

Communication Channels: • Multiple channels for value chain workers to raise concerns • Integration of worker feedback into supplier evaluation processes • Regular communication on labor standards and expectations • Collaborative problem-solving with suppliers on worker issues

Monitoring and Assessment: • Regular assessment of working conditions at supplier facilities • Worker satisfaction and engagement monitoring • Analysis of worker feedback and concerns • Continuous improvement based on worker input

Capacity Building: • Training for suppliers on worker engagement best practices • Support for supplier development of worker communication systems • Knowledge sharing on effective worker engagement approaches • Collaborative development of worker-focused initiatives

Results: • Increased supplier participation in sustainability assessments • Enhanced worker engagement through supplier audit processes • Improved working conditions based on worker feedback • Stronger supplier commitment to worker rights and engagement

These processes ensure that value chain workers have opportunities to provide feedback and raise concerns about their working conditions.

From the Sustainability Statement:

Processes to remediate negative impacts and channels for value chain workers to raise concerns

Besi has established comprehensive processes to address negative impacts on value chain workers:

Grievance Mechanisms: • Grievance procedure accessible to value chain workers • Multiple reporting channels including direct contact and anonymous reporting • Integration with supplier grievance systems • Protection against retaliation for raising concerns

Supplier Audit and Remediation: • Regular supplier audits to identify potential negative impacts • Corrective action plans for identified issues • Timeline-based remediation requirements • Follow-up monitoring to ensure effective resolution

Worker Feedback Systems: • Worker interviews during site visits and audits • Anonymous feedback channels for sensitive concerns • Regular assessment of worker satisfaction and conditions • Integration of worker feedback into supplier evaluation

Remediation Actions: • Immediate corrective actions for urgent safety or rights violations • Collaborative improvement plans with suppliers • Capacity building and training for suppliers on worker rights • Escalation procedures for serious or persistent violations

Monitoring and Follow-up: • Regular monitoring of remediation effectiveness • Follow-up audits to verify corrective actions • Continuous dialogue with suppliers on worker conditions • Performance tracking against remediation commitments

Supplier Development: • Training and support for suppliers on labor standards • Best practice sharing on worker rights and conditions • Collaborative development of worker protection measures • Long-term partnership approach to continuous improvement

Escalation Procedures: • Clear escalation for serious violations or non-compliance • Potential business relationship consequences for persistent issues • Alternative sourcing strategies for non-compliant suppliers • Transparent communication on remediation requirements

Performance Results: • Effective identification and remediation of worker concerns • Improved supplier compliance with labor standards • Enhanced worker protection through collaborative initiatives • Strengthened supplier commitment to worker rights

These processes ensure that negative impacts on value chain workers are promptly identified and effectively addressed.

From the Sustainability Statement:

Taking action on material impacts on value chain workers, and approaches to managing material risks and pursuing material opportunities related to value chain workers, and effectiveness of those actions

Comprehensive Supply Chain Assessment: • 68% of purchasing volume audited and completed RBA Code of Conduct Self-Assessment in 2024 • Regular site visits and stakeholder interviews at supplier facilities • Enhanced supplier engagement through sustainability assessments and training • Systematic evaluation of value chain worker conditions and practices

Capacity Building Actions: • Sustainability briefing roadshows conducted for key suppliers • Training sessions and knowledge sharing on labor standards and best practices • Collaborative improvement initiatives with supplier partners • Support for supplier development of worker protection programs

Monitoring and Compliance Actions: • Regular supplier audits using RBA standards and methodologies • Corrective action plans implemented for identified issues • Performance tracking against labor standards and commitments • Follow-up monitoring to ensure sustained improvements

Risk Management Approach: • Proactive identification of labor-related risks in supply chain • Risk assessment and mitigation strategies for high-risk suppliers • Diversification strategies to reduce dependence on problematic suppliers • Integration of labor considerations into supplier selection and evaluation

Opportunity Identification: • Collaboration with leading suppliers on innovation in worker protection • Development of best practice standards and implementation guides • Partnership opportunities with suppliers committed to excellence in labor practices • Long-term strategic relationships with suppliers demonstrating strong worker protections

Effectiveness Measurement: • Silver status achieved with RBA demonstrating strong supply chain performance • Increased supplier participation in sustainability assessments • Improved compliance rates with labor standards across supply chain • Enhanced worker conditions based on audit findings and remediation • Stronger supplier commitment to continuous improvement in labor practices

Continuous Improvement: • Regular review and enhancement of supply chain labor programs • Integration of lessons learned into supplier management processes • Expansion of assessment coverage to additional suppliers • Development of more sophisticated monitoring and evaluation systems

These comprehensive actions demonstrate Besi's commitment to ensuring responsible labor practices throughout its value chain while building long-term supplier partnerships based on shared values and continuous improvement.

From the Sustainability Statement:

Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities

Supply Chain Compliance Targets: • Continuous improvement in percentage of purchasing volume audited through RBA assessments • Target to maintain and enhance RBA silver status performance • 100% compliance with Supplier Code of Conduct requirements • Expansion of sustainability assessment coverage to additional suppliers

Worker Protection Targets: • Zero tolerance for forced labor, child labor, and human trafficking in supply chain • Continuous improvement in working conditions across supplier base • Enhanced worker rights protection and grievance mechanisms • Regular training and capacity building for value chain workers

Supplier Development Targets: • Increased supplier participation in sustainability training and development programs • Enhanced supplier capability in labor management and worker protection • Collaborative improvement initiatives with key strategic suppliers • Long-term partnerships based on shared sustainability commitments

Risk Management Targets: • Proactive identification and mitigation of labor-related risks in supply chain • Effective remediation of identified issues and non-compliance • Continuous improvement in risk assessment and monitoring processes • Diversification strategies to reduce supply chain labor risks

Performance Monitoring Targets: • Regular tracking of value chain worker conditions and satisfaction • Enhanced monitoring and evaluation systems for supply chain labor performance • Transparent reporting on supply chain labor practices and improvements • Integration of worker feedback into supplier evaluation and development

Collaboration and Partnership Targets: • Increased collaboration with industry partners on supply chain labor standards • Participation in industry initiatives for value chain worker protection • Knowledge sharing and best practice development with peer companies • Support for supplier industry associations on labor standards improvement

These targets ensure continuous improvement in value chain worker conditions while building strong supplier partnerships based on shared commitment to responsible labor practices.

From the Sustainability Statement and Corporate Governance sections:

Business conduct policies and corporate culture

Corporate Governance Framework: Besi is committed to high standards of corporate governance. The objective of our corporate governance policies is to comply with applicable law and regulation, maintain our public and institutional shareholder base and their confidence in Besi, ensure the integrity of our decision-making processes and public disclosures and to align our policies with internationally-recognized best practice standards.

Code of Business Conduct and Ethics: • Comprehensive code governing ethical business practices • Zero tolerance for corruption, bribery and unethical conduct • Clear guidelines on conflicts of interest and fair dealing • Regular training and awareness programs for all employees

Anti-Corruption and Bribery Framework: • Expanded framework in 2024 to include public policies on Anti-Corruption and Bribery • Comprehensive anti-corruption policies and procedures • Due diligence requirements for business partners and third parties • Regular risk assessments and monitoring procedures

Corporate Culture Initiatives: • Promotion of ethical business culture across all levels of organization • Regular communication on values, ethics and expected behaviors • Employee engagement on corporate culture and values • Integration of ethical considerations into performance management

Governance Structure: • Two-tier board structure with independent Supervisory Board oversight • Regular review of governance policies and practices • Transparent decision-making processes and stakeholder communication • Compliance with Dutch Corporate Governance Code

Whistleblowing and Ethics Reporting: • Comprehensive grievance and whistleblowing procedures • Multiple channels for reporting ethics concerns • Protection against retaliation for good faith reporting • Regular investigation and resolution of reported issues

Training and Awareness: • Regular training programs on business conduct and ethics • Awareness campaigns on anti-corruption and compliance requirements • Integration of ethics training into employee onboarding • Continuous reinforcement of ethical business practices

Performance and Monitoring: • Regular assessment of corporate culture and ethical climate • Monitoring of compliance with business conduct policies • Integration of ethics considerations into business processes • Continuous improvement in corporate governance practices

From the Sustainability Statement:

Management of relationships with suppliers

Besi has established comprehensive policies and processes for managing supplier relationships:

Supplier Code of Conduct: • Comprehensive requirements covering labor practices, environmental standards, ethics and business conduct • Alignment with Responsible Business Alliance (RBA) standards • Integration of sustainability requirements into supplier agreements • Regular review and updates to reflect evolving standards

Supplier Assessment and Onboarding: • Comprehensive supplier screening and qualification processes • Due diligence assessments covering financial, technical, and sustainability criteria • Integration of sustainability factors into supplier selection decisions • Regular reassessment of supplier performance and compliance

Supply Chain Engagement Programs: • Annual supplier surveys on sustainability practices and performance • Sustainability briefing roadshows and training sessions for key suppliers • Knowledge sharing and capacity building initiatives • Collaborative improvement programs with strategic suppliers

Monitoring and Compliance: • Regular supplier audits using RBA standards and methodologies • 68% of purchasing volume audited with RBA Code of Conduct Self-Assessment completion in 2024 • Site visits and stakeholder interviews at supplier facilities • Performance tracking against sustainability and compliance metrics

Supplier Development: • Training and capacity building programs for suppliers • Best practice sharing and collaborative improvement initiatives • Support for supplier development in sustainability and business practices • Long-term partnership approach with key strategic suppliers

Risk Management: • Regular assessment of supply chain risks including sustainability factors • Diversification strategies to manage supplier concentration risks • Contingency planning for supply chain disruptions • Integration of risk management into supplier relationship processes

Performance Achievement: • Silver status achieved with RBA demonstrating strong supplier management • Increased supplier participation in sustainability assessments • Enhanced supplier compliance with sustainability requirements • Stronger collaborative relationships with key suppliers

Continuous Improvement: • Regular review and enhancement of supplier management processes • Integration of stakeholder feedback into supplier programs • Benchmarking against industry best practices • Innovation in supplier engagement and collaboration approaches

From the Sustainability Statement:

Prevention and detection of corruption and bribery

Besi has established comprehensive systems to prevent and detect corruption and bribery:

Anti-Corruption Policy Framework: • Expanded framework in 2024 to include public policies on Anti-Corruption and Bribery • Zero tolerance policy for all forms of corruption and bribery • Clear definitions and guidance on prohibited activities • Regular policy review and updates to reflect regulatory changes

Risk Assessment and Management: • Regular assessment of corruption and bribery risks across operations and business relationships • Enhanced due diligence for high-risk markets and business partners • Integration of anti-corruption considerations into business planning • Monitoring of regulatory and compliance landscape changes

Due Diligence Procedures: • Comprehensive due diligence for business partners, suppliers, and third parties • Enhanced screening procedures for intermediaries and agents • Regular review and monitoring of business relationships • Documentation and verification of due diligence processes

Training and Awareness: • Regular training programs on anti-corruption and bribery policies • Awareness campaigns on corruption risks and prevention measures • Integration of anti-corruption training into employee onboarding • Specialized training for employees in higher-risk functions or locations

Detection and Monitoring Systems: • Internal controls and monitoring systems to detect potential corruption • Regular internal audits and compliance assessments • Transaction monitoring and review processes • Integration of anti-corruption controls into business processes

Reporting and Investigation: • Multiple channels for reporting suspected corruption or bribery • Whistleblowing procedures with protection against retaliation • Prompt investigation of all reported concerns • Appropriate disciplinary and corrective actions for violations

Governance and Oversight: • Board-level oversight of anti-corruption programs and performance • Regular reporting on anti-corruption compliance and incidents • Integration of anti-corruption considerations into risk management • Continuous improvement in prevention and detection capabilities

Supply Chain and Third-Party Management: • Anti-corruption requirements integrated into supplier agreements • Regular monitoring of third-party compliance with anti-corruption policies • Enhanced due diligence for intermediaries and business partners • Collaborative initiatives to promote ethical business practices throughout value chain

Incidents of corruption or bribery

Confirmed incidents

Besi reported zero incidents of corruption or bribery during 2024. The company explicitly stated:

"In 2024, there were no reported incidents of corruption, no convictions or fines for violation of anti-corruption and anti-bribery laws and no actual violations or penalties."

Convictions and fines

No convictions or fines for violations of anti-corruption and anti-bribery laws were reported in 2024.

Disciplinary actions

No employees were dismissed or disciplined for corruption or bribery in 2024.

Contracts terminated

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

Investigation and speak-up mechanisms

Besi has implemented comprehensive procedures for prevention, detection and investigation of corruption and bribery:

• Whistleblower procedure: Available to all employees and external stakeholders on Besi's website. Notifications are investigated by the Internal Control Department and overseen by the Board of Management, which approves appropriate corrective measures.

• Grievance procedure: Implemented in 2024, applies to employees, workers in the value chain and other stakeholders. Follows a 7-step process for addressing complaints.

• Investigation process: Cases are investigated by the Internal Control Department or specialized external parties. In cases involving a Board of Management member, the Internal Control Department consults with the Chairperson of the Supervisory Board. Investigation results are presented to the Board of Management and, depending on scale, local management.

• Data fraud analytics tools: Managed by the internal control team with results reported to the Board of Management and Supervisory Board.

• Oversight: Material findings from the internal control and risk management system are discussed with the Audit Committee quarterly or semi-annually, including "status of systems, procedures and activities to monitor and evaluate risks from fraud, bribery or corruption in Besi's operations."

• Training: Periodic anti-corruption and bribery training is provided to all employees. All new employees must sign the Code of Conduct and complete training, which is repeated annually. The training covers key topics including the Code of Conduct, Whistleblower procedure, No-Gift and Limited Entertainment policy, and Conflict of Interest policy.

Public legal cases

Besi reported that "there were no legal proceedings associated with anti-competitive behavior during the last five years." The company also noted: "We take into account incidents involving actors in the value chain only where Besi or its employees are directly involved when assessing legal proceedings, incidents of corruption and convictions or fines for violation of anti-corruption and anti-bribery laws."

Payment practices

Standard contractual payment terms

The company's standard payment terms vary between 30 and 90 days after date of delivery across different product and service categories:

Trade receivables

Trade receivables, generally with payment terms of 30 to 90 days: