Environmental performance indicators

1 The environmental performance indicators include all GF production companies.

2 Restatement of 2020 natural gas consumption as site that was recently acquired improved the management of environmental figures. In addition, waste data from 2018 - 2020 are restated as a site received a more comprehensive waste manifesto from the disposal company. These corrections exceeded the five percent threshold level, therefore triggering a restatement.

3 Market-based emissions refer to specific emission factors, e.g. from local utility provider and they account for market instruments such as guarantees of origin that might be purchased in order to reduce Scope 2 market-based emissions.

4 Location-based emissions refer to the average emission factors of the area where the electricity consumption takes place, e.g. average emission factor of one country.

5 In 2021, GF conducted a comprehensive Scope 3 analysis for the year 2019 whereas the 2020 figures were calculated based on revenue developments. As a result, all Scope 3 emissions for 2019 to 2021 is disclosed, providing a comprehensive assessment of total CO2e emissions. Five scope 3 categories are excluded as it was determined irrelevant to GF. The categories are capital goods, leased assets (both upstream and downstream), franchises, and investments.

6 GF's strategy period of 2025 covers a five-year cycle (2021 - 2025). The 21% reduction follows a reduction of a minimum 4.2% p.a. according to latest climate science to keep global warming to 1.5°C. The reduction target sumbitted to the SBTi follows the technical requirement of the SBTi and as a result cover more than 5 years, but maintains the minimun 4.2% absolute reduction pathway.

7 GF's scope 3 target focuses on Category 1 and 11, as those categories account for around 90% of total scope 3 emissions.

8 2021 PwC assured. The 2021 PwC assurance process was slightly adapted according to the KPIs of the Sustainability Framework 2025. Further details on the previous year assurance processes are available in the Sustainability Report 2020, by clicking on the following link: https://sustainability-report.georgfischer.com/20/en/environmental-performance-indicators/

9 The target line is calculated linearly based on the standardized baseline consumption (=100) and according to the defined target.

10 The production volume is defined based on the specificities of the businesses of the individual divisions: as "produced tonnes" for GF Piping Systems, as "gross value added" (it includes all operating income subtracting the costs of materials and products, changes in inventory, and operating expenses) for GF Casting Solutions and as "hours worked" for GF Machining Solutions.

11 According to the targets of the Sustainability Framework 2025 the key figures were extended and the data collection started in 2021 for the first time. As a result no previous year data is available.