SCHREDER - Sustainability Report 2024

The Schréder lighting and beyond lighting solutions bring meaningful moments to people by enhancing safety, well-being and sustainability in public spaces.

Together For Our Future 2024 SUSTAINABILITY REPORT

Table of contents

Foreword from our Chairman Foreword from our CEO

03 04 06 07 08 09

Together For Our People

Company Information

1. Diversity, Equity & Inclusion 2. Sustainable Procurement and Human Rights 3. Employee Experience

1. Corporate Governance 58 2. Risk Management & Internal Audit 62 3. WIN Programme 63 4. Tax 70 About our Sustainability Report 73 Scope and Boundaries 74 Stakeholders’ Engagement 76 External Memberships and 77 Recognitions GRI Content Index 79

Who We Are

38 39

Our Market Segments

Our Proximity Our Values

Together For Our Community

Our Sustainability Strategy

1. The Right Light: Where, When and Why 2. Lighting with Positive Social Impact 3. Schréder Together Fund

Materiality Assessment Together For Our Future

11 12

48 49

Together For Our Planet

4. Sustainability

Ambassadors’ Community

1. Our Footprint

16 17 23 30

1.1 Climate Action 1.2 Sustainable Solutions

Sustainability in our Everyday Business

2. Circular Design

1. Occupational Health and Safety 2. Customer Protection

55 57

Table of contents

Foreword from our Chairman

In presenting this year’s Sustainability Report, I would like to reflect on both the challenges we have faced and the progress we continue to make on our journey towards responsible growth. 2024 was a year marked by deepening global complexity. Geopolitical tensions, social divides and accelerating climate change are reshaping the landscape in which companies operate. For Schréder, this has meant more than just adapting our operations - it has meant reaffirming our values and strengthening our commitment to creating long-term, positive impact. We remain convinced that sustainability is not an add-on to our strategy - it is at the heart of who we are and how we grow. It is a sine qua non condition for long-term success. Across our global operations, we are aligning environmental responsibility with technological innovation, and we are combining ethical leadership with deep respect for local contexts. In line with this commitment, the Strategic Committee has broadened its scope to include sustainability, becoming the Strategic and Sustainability Advisory Committee. This report highlights the significant steps we’ve taken in 2024: Strengthening our approach to circular product design and climate-conscious operations; Expanding access to safe, smart and inclusive urban lighting solutions;

Reinforcing governance and ethical business practices across all regions; Continuing to develop our people, empower our partners and engage with the communities we serve. Furthermore, we also recognise the growing tension between global ESG standards and local expectations, regulations or socio-economic realities. In a world where values are sometimes challenged, our role as leaders is to remain consistent, courageous and clear. We aim to lead with integrity - not just when it is easy, but also when it is hard. And that means keeping sustainable development at the heart of our decision-making processes. On behalf of the Board of Directors, I want to thank the entire Schréder team for their dedication and resilience. Their work is shaping a future that is not only brighter, but also fairer and more sustainable for all. Let this report be more than a record of what we have achieved - let it be a reminder of what we stand for.

Olivier Chapelle Chairman of the Board of Directors

Table of contents

Foreword from our CEO

We approached this challenge with our eyes wide opened, driven not by external pressure, but by a strong internal conviction. We carefully assessed what truly matters to our business and to our customers around the world. As a family-owned company, we have stayed firm in our commitment

Our Diversity, Equity and Inclusion initiative remains central to our success, as we firmly believe that diversity strengthens a company and enriches its perspective. Through the Schréder Together Fund, we proudly support initiatives around the world that aim to improve well-being and safety. What better purpose could we have? I am proud to share that Schréder was crowned Entrepreneur of the Year ® 2024 in December. This award from EY recognises our excellence in innovation, financial performance and sustainability. It is a testament to the dedication and hard work of our 2,500 employees worldwide. It reinforces our commitment to delivering smart and sustainable lighting solutions that make a positive impact on communities around the world. This report provides an overview of our actions and detailed data showing the progress we have made. I hope you find it as inspiring to read as we have found it rewarding to live this journey. Thank you for sharing this vision with us.

These achievements are milestones, but more importantly they are proof that sustainability drives innovation at Schréder.

to these goals, even in turbulent times. Innovation has been at the heart of this transformation.

Our engineers have developed luminaires that reduce light pollution and the impact on biodiversity. Our software teams have created digital solutions that manage lighting infrastructure to reduce energy consumption while maintaining high quality performance. Our mechanical engineers are introducing bioplastics as an alternative to traditional materials, while others are developing solar technologies to provide lighting independently of the grid. We have made progress in promoting circular economy principles with the launch of retrofit kits that extend the life of our luminaires rather than replacing them entirely. These achievements are milestones, but more importantly they are proof that sustainability drives innovation at Schréder. Beyond our products and solutions, we continue to invest in our communities and our people.

In 2019, on the initiative of our shareholders, Schréder embarked on its sustainability journey. Since then, this journey has been a tremendous source of innovation, inspiration and differentiation for our company. Our aim has never been to pursue sustainability for the sake of image or reputation. Instead, we recognised that the use of our products has a direct impact on the world we live in. We set out to design and deliver products and services that make a meaningful contribution to building a better, greener, more sustainable world - while helping our customers achieve their own sustainability goals. This commitment has been embraced by all levels of the company - from our management team and employees to the Board of Directors. Together, we have embraced a bold and collective ambition: to make a real, positive difference for our planet and for future generations.

Philippe Felten CEO

Table of contents

Celebration of the “Entrepreneur of the Year ® 2024” Award by Schréder employees, leadership, and board members, with CEO Philippe Felten holding the trophy. Brussels, December 2024

Table of contents

Who We Are Schréder is the leading independent outdoor lighting manufacturer worldwide with more than 1.5 million light points sold per year. The company is present in more than 70 countries on 6 continents. The holding company of Schréder Group is Schréder SA, a privately-owned company, with registered offices at Rue de Lusambo 67, in Brussels, Belgium. The company’s ambition is to bring meaningful moments to people in public spaces by enhancing safety, well-being and sustainability. As such, Schréder’s Experts in Lightability™ work with customers to co-create smart lighting solutions for spaces that benefit people, the community and the planet.

Our History

Schréder was founded in 1907 in Liège, Belgium, as a family-owned company. At the turn of the 20 th century, electricity was the new promising technology. During the company’s first few decades, it explored the possibilities of this technology, innovating and manufacturing a variety of electrical equipment until it started to design and manufacture outdoor lighting products. From the very beginning, driven by a sense of purpose and adventure, Schréder expanded internationally through joint ventures across Europe and beyond. Over time, Schréder established a direct sales model worldwide, building with local experts and partners, and in close collaboration with cities. This proximity inspires innovation and enables Schréder to adapt its product portfolio to meet local needs better than others. To adapt to an increasingly globalised world, Schréder reorganised its supply chain and industrial footprint to maintain production centres close to its customers.

The Group’s manufacturing plants supply the regional or continental markets where they are located to better serve their customers and contribute positively to the local social fabric and environmental preservation. In addition to our extensive portfolio of luminaires, we develop cutting-edge connected lighting systems. These new systems enable the optimal use of light to further reduce energy consumption and carbon footprint and also provide a platform to add innovative new features such as traffic and pollution sensors to improve the quality of life for citizens.

Table of contents

Who we are

Our Market Segments 1 Established locally to understand the market needs, we ideate with our customers to deliver smart and sustainable lighting solutions for:

Number of luminaires sold

Cities + Communities Road Industry

Tunnel Sports Transport

(1) For more information, please visit our web site: https://www.schreder.com/en/products

2018

2019

2020

2021

2022

2023

2024

Cities + Communities

Road

Industry

Tunnel

Sports

Transport

Table of contents

Who we are

Our Proximity We produce regionally for local needs, avoiding unnecessary transport and impact on the environment.

Schréder Commercial presence

Table of contents

Who we are

Our Values Schréder provides all employees with an environment and resources to support their professional development. Our goal is to empower all employees to maximise their potential and develop their skill set. Schréder employees work in a family- owned company governed by a long- term vision, an international character and a strong culture built on our six values. These values are regularly communicated to our employees through our intranet, management webinars, and onboarding sessions for new hires. They underpin everything we do.

Innovation Is at the heart of our mindset. Standing still is sliding backwards. We come up with new ideas and original, creative thinking for our products, services, business models and operations. We love to explore off the beaten tracks. Respect We are mindful of our role and impact on our colleagues, customers, partners, citizens, communities and the planet. Schréder employees demonstrate respect in their interactions by valuing difference, being inclusive, and embracing diversity. Respect is the umbrella under which we lead the way to sustainable business. Integrity We always do things the right way, in full respect of the law and our code of conduct. It starts with every one of us; we are open, honest and accountable.

Caring for customers We listen to our customers, anticipate their needs and put their challenges first. We are all accountable and aligned to deliver an extraordinary customer experience. We build long term relationships with our customers and never let them down. Working together We are all aligned to achieve the same purpose: we deliver on our promises together! We support each other to overcome challenges, we listen and understand the others’ perspective to come up with the best overall solution. Ultimately, when we work as a team, we win, learn and grow together. Entrepreneurship We are passionate about developing new business opportunities. We think and act like owners. We are persistent, embrace challenges, accept and manage the risk. We celebrate success and learn from failure.

Table of contents

Our Sustainability Strategy

Table of contents

Our Sustainability Strategy

Impact, risk and opportunity (IRO) assessment In the second step of our DMA process, we analysed the 61 ESG topics identified during the value chain mapping through a series of individual interviews. Each topic was assessed for either impact materiality (how Schréder affects the ESG topic) or financial materiality (how the ESG topic poses risks or opportunities to Schréder). We used a 1 - 3 ranking scale, to evaluate scale, scope and likelihood of impact, as well as scale and likelihood of financial relevance. We used a materiality threshold of 6. Following this assessment, we refined and grouped the topics, resulting in 12 ESG topics being mapped onto our DMA matrix, nine of which were found to be material. DMA matrix

Stakeholder review and engagement As a final step, we consulted with key stakeholder groups, including customers, suppliers, employees and the Senior Executive Team (SET), to validate our DMA matrix. We conducted a survey of external and internal stakeholders, presenting each material topic alongside a brief explanation and asking respondents to indicate whether they agreed or disagreed. We also held meetings with the SET and the Board to present the matrix, share insights, and request formal approval.

Our sustainability strategy is shaped by the voices of our stakeholders and strengthened by the active support of our shareholders. Guided by the UN Sustainable Development Goals, we are committed to turning shared responsibility into long-term, measurable impact for people, the planet and future generations.

Gonzalo Escribano Group Sustainability Director

Materiality Assessment In 2024, we began preparing for the Corporate Sustainability Reporting Directive (CSRD), undertaking key actions such as a double materiality assessment (DMA), gap analysis and review of the EU Taxonomy. This was our first company-wide DMA, confirming that our core ESG topics were largely consistent with those identified in 2019. However, the updated methodology and value chain analysis revealed additional impacts and provided clearer insights into potential financial risks and opportunities. Value chain mapping We brought together representatives from all the core departments - including Operations, Legal, Finance, People and Culture and Sales - for a one-day workshop to collaboratively map our value chain in detail. Together, we identified the key actors, processes and locations, and linked them to the relevant ESG topics. Of the 90 ESG sub-topics we reviewed, we found direct connections to our value chain in 61 cases.

MATERIAL TOPICS

NON-MATERIAL TOPICS

Climate change

Biodiversity protection

Diversity & Equity within our company

Circular economy - waste

Corruption & bribery

Working conditions within our company

Training and skill development of our employees

Workers in the value chain

Health & Safety of our customers

Diversity & Equity in our value chain

Training & skill development in our value chain

Circular economy - material consumption

Financial materiality

Table of contents

Our Sustainability Strategy

Together For Our Future Our 2022 materiality assessment confirmed the continued relevance of our Together For Our Future sustainability programme, launched in 2020. Structured around three core axes - For Our Planet, For Our People and For Our Community - the programme remains our strategic framework for addressing climate action, circularity, inclusion and community engagement. Over time, we have sharpened our focus to help our customers reduce their carbon footprint, align with the Paris Agreement and embrace diversity in all its forms. In 2024, we conducted our first Double Materiality Assessment (DMA) as part of our initial preparations for the Corporate Sustainability Reporting Directive (CSRD). At the time, the CSRD requirements were expected to be applied sooner, and this comprehensive exercise allowed us to deepen our understanding of our value chain and assess the most relevant ESG topics from both impact and financial perspectives. Although enforcement of the CSRD has now been deferred for our business, the lessons learned from this process remain invaluable. They have further strengthened the strategic direction of Together For Our Future programme and positioned us to move forward with greater clarity, alignment and long-term commitment to sustainability.

FOR OUR PEOPLE Being an employer that offers equal opportunities to the diversity of groups living in society. Focus areas: Gender equity Diversity & Inclusion Zero breach of human rights in our value chain

FOR OUR PLANET Being responsible for our planet by reducing our own and our customers’ environmental impact. Focus areas: Take action on climate change by reducing our own and our customers’ carbon footprint Build a circular economy

FOR OUR COMMUNITY Helping customers to protect eco-systems and foster a better quality of life. Focus areas: The right light, where, when and how it is needed Lighting with a positive social impact Support less privileged areas

Table of contents

Our Sustainability Strategy

United Nations Sustainable Development Goals Aligning our sustainability strategy with UN Sustainable Development Goals (SDGs) is a priority. To confirm our commitment, we have ensured a broader coverage of the relevant SDGs in our sustainability programme and that each of our objectives is linked to the relevant SDG targets. The SDG targets are mentioned in this report along with the description of our sustainability strategy.

Table of contents

Together For Our Planet

Table of contents

Planet

Our Ambition

CO 2 emissions

Validated science-based targets confirm the key role that Schréder’s solutions play in driving global carbon reduction ambitions. With innovative and sustainable offerings, we are uniquely positioned to help customers achieve their sustainability goals while minimising their operational environmental impact.

Take action against climate change by reducing our own and our customers’ carbon footprint

2024 Results

2030 Ambitions

Scope 1 & 2

27% reduction compared to 2019 base year

Reduce absolute scope 1 and 2 GHG emissions by 52.5% by 2030 from a 2019 base year.

Scope 3 (use of products sold)

25% reduction compared to 2019 base year

Reduce absolute scope 3 GHG emissions by 27.5% by 2030 compared to 2019 base year

Circularity

Maarten Vernooij Chief Solutions & Marketing Officer

Build a circular economy

2024 Results

2030 Ambitions

90% of sales comprise Circular Lighting Solutions

53% of our products sold (in revenue) are Circular Lighting solutions (scored 4 stars for our Circle Light Label assessment)

Table of contents

Planet

1. Our Footprint As a manufacturing company, we have an impact on the planet’s resources across our entire value chain. We use energy and raw materials to develop and assemble our products, and we also use logistic services in our supply chain. Furthermore, our products consume electricity over their lifetime. Despite the technological advances of LED technology, this still accounts for 98% of our total carbon footprint according to the Greenhouse Gas (GHG) Protocol. At Schréder, we are committed to playing a key role in protecting the environment by reducing the impact of our manufacturing activities, products and services. We do this by reducing our own consumption of materials and energy, and by helping our customers reduce their footprint through the use of the latest technologies in our luminaires.

At Schréder, we are committed to protecting our environment and have set our goals accordingly. Climate protection is an area of high importance and we are determined to do our utmost to reduce our own and our customers’ carbon footprint. Our commitment is reflected in actions and in the carbon footprint reduction targets that we have set in line with today’s climate science and which have been approved by the SBTi.

To reinforce our commitment to reducing our environmental impact, and to align with climate science and the objectives of the Paris Agreement on climate change, from the end of 2023 we have been following a carbon emissions reduction strategy approved by the Science Based Targets initiative (SBTi) 2 .

Jozsef Maczko Sustainability Project Manager

(2) The Science Based Targets initiative (SBTi) is a corporate climate action organisation that enables companies and financial institutions worldwide to play their part in combating the climate crisis. SBTi requires that at least 67% of the total reported and excluded mandatory scope 3 emissions are covered under target(s). https://sciencebasedtargets.org/faqs#which-emissions-are-mandatory-for- companies-to-include-in-their-sbti-validation

Table of contents

Planet

1.1 Climate Action The monitoring of our corporate carbon footprint started in 2018. From the outset, the process and reporting strategy were defined in accordance with the GHG Protocol. In line with our SBTi target setting ambitions, in 2024, we continued to improve the data collection process and calculation methods where necessary, which also resulted in some changes to the historical figures. Our aim is to establish a stable and auditable process and we will be looking for opportunities for third party verification during the 2025 financial year.

SBTi Targets Scope 1 & 2 Emissions

Scope 1 Emissions Scope 1 emissions are direct greenhouse gas (GHG) emissions from sources controlled or owned by an organisation (e.g. emissions associated with fuel combustion in boilers, furnaces and vehicles). Our total Scope 1 CO 2 emissions in 2024 were 3,878 tonnes, 8% lower than in 2023 (4,233 tonnes) and 23% lower than our base year 2019 (5,033 tonnes). This places us slightly ahead of our year-on-year SBTi trajectory.

In 2023, we set near-term SBTi target to reduce our Scope 1 & 2 emissions by 52.5% by 2030 compared to the 2019 baseline. Based on 2024 results, we are on track to meet this target, having already achieved a 27% reduction since 2019, slightly ahead of our SBTi trajectory.

8K 7 376 Scope 1 + 2 emissions (tCO 2 e) Scope 1 & 2 Emissions (tCO 2 e)

Scope 1 emissions (tCO 2 e) Scope 1 Emissions (tCO 2 e)

5 033

4 233

3 878

5 625

5 367

SBTI Target 2030

2020

2024

2022

2020

2022

2024

13.2 Integrate climate change measures into national policies, strategies and planning.

Table of contents

Planet

Stationary Sources In our factories and offices we use natural gas mainly for the painting process (90%) and heating (10%). Natural gas consumption accounts for 44% (1,703 tonnes) of our total Scope 1 CO 2 emissions. In 2024, we used a total of 9,590 MWh of natural gas, which is 20% less than in 2023 (11,981 MWh) and 37% less than in our 2019 baseline year (15,145 MWh). This reduction is due to the brand new powder painting line we installed at our plant in Ukraine at the end of 2023. New, more efficient powder coating line in Ukraine The production capacity and

Mobile Sources: Company Cars In 2024, our company cars emitted 1,788 tonnes of CO 2 , representing 46% of our total Scope 1 emissions. Compared to the previous year’s results (1,816 tonnes of CO 2 ), this source of emissions shows only a slight decrease (1.6%). Despite our continued work on the electrification of our fleet, we also had to increase our sales activity in some regions in 2024, resulting in higher annual fuel consumption by our sales representatives. Today, 20% of our global fleet is electric, an increase of 6% compared to last year.

Given how many kilometres I travel, switching to an electric car felt like a logical and smart choice. It’s great not to rely on fossil fuels anymore, and I really enjoy the much quieter drive. It’s better for the environment and for us! It’s even better that I can regularly charge the car at the office using solar power,

Proportion of Electric Cars Proportion of Electric Cars

productivity of our Ukrainian plant has steadily increased in recent years. Despite the country’s unstable political situation, we decided to invest in our plant there and install a

20%

which demonstrates our commitment to progress.

80%

Brent Compeer Sales Manager Industry & Sport - Schréder bv

brand new, more efficient powder coating line at the end of 2023. The new paint line has a larger capacity and can handle more luminaires per shift. Thanks to this improved efficiency, we used 27% less natural gas per product and, combined with the lower production volume in 2024, this resulted in 37% lower natural gas emissions (301 tonnes of CO2e) compared to 2023 (476 tonnes).

Petrol Engine

Full Electric Engine

18 18

Table of contents

Planet

Power Quality Supply System in Spain To further improve the energy efficiency of our plant in Spain we decided to invest in an IEQSY power quality supply system. The functions of the new system are: • Monitoring consumption and balancing the 3 phases, reducing neutral losses; • Reducing and absorbing the micro transients; • Reducing the loses in the system due to the Joule effect; • Improving the power factor of the system to 0,99; • Reducing the harmonic distortion in voltage and in intensity. Thanks to the new system, we are able to achieve up to 14% less power consumption with the same production set-up. Our SBTi validation is a strong signal that our innovation-led, science-based targets are driving real climate action, not just in our solutions, but across our operational entities. It reaffirms our commitment to help deliver on the Paris Agreement and shape a more sustainable future.

Scope 2 Emissions Scope 2 emissions are indirect GHG emissions associated with the purchase of electricity, steam, heat, or cooling. Our Scope 2 emissions inventory is limited to electricity, as we only purchase electricity from listed sources. In 2024, our total Scope 2 CO 2 emissions were 1,489 tonnes, an increase of 7% compared to 2023 (1,392 tonnes), but still 36% lower than our base year 2019 (2,343 tonnes). The reduction compared to the base year is due to our ongoing efforts to purchase electricity from renewable sources wherever possible. Today, our production sites in Spain, Australia and Portugal use 100% green electricity. Although we continue to increase the proportion of ‘green’ electricity we use, and our total electricity consumption also decreased by 6% (7,158 MWh in 2024), the increased proportion of fully electric cars in our fleets caused our total Scope 2 emissions to increase slightly in 2024.

Proportion of Green Electricity % Proportion of Green Electricity %

30%

70%

Green Electricity Fossil Based Electricity

Scope 2 emissions (tCO 2 e) Scope 2 Emissions (tCO 2 e)

2 343

1 489

1 392

SBTI Target 2030

7.2 By 2030, increase substantially the share of renewable energy in the global energy mix.

Peter Bos Chief Technology, Innovation and Operations Officer

2023

2020

2022

Table of contents

Planet

Scope 3 Emissions Scope 3 emissions are all indirect emissions - not included in scope 2 - that occur in the company’s value chain, including both upstream and downstream emissions. In 2023, we set a near-term SBTi target to reduce our Scope 3 emissions by 27.5% by 2030 compared to our 2019 baseline. As 98% of our total Scope 3 emissions come from the use phase of our sold products, we have capped our Scope 3 near-term SBTi target for category 11 (use of sold products) in accordance with the SBTi target setting rules. Based on the principles of the GHG Protocol, emissions from products sold in a financial year must be calculated over their entire lifetime, which we have set at 100,000 hours (nominal lifetime of our outdoor products). Using this calculation method, the CO 2 emissions from our products sold in 2024 were 4.73 million tonnes, an 8% reduction compared to 2023 (5.15 million tonnes) and a 25% reduction compared to our base year 2019 (6.33 million tonnes). We have almost achieved our near-term SBTi target set for 2030 (-27.5%). Although this is a great result, it is mainly due to the reduction in our sales volume in 2024 (-15%), so we must continue to work hard to provide our customers with energy-efficient solutions that help us and our customers to reduce carbon emissions.

Scope 3 emissions - 3.11 Use of Sold Products (tCO 2 e) Scope 3 Emissions 3.11 Use of Sold Products (tCO 2 e)

6,33M

5,15M

4,73M

SBTI Target 2030

2019

2023

2024

(3) SBTi requires that at least 67% of the total reported and excluded mandatory scope 3 emissions are covered under target(s). https:// sciencebasedtargets.org/faqs#which-emissions-are-mandatory-for- companies-to-include-in-their-sbti-validation

Table of contents

Planet

Beyond SBTi Targets Other Scope 3 Emissions While our Scope 3 SBTi target is limited to category 11, Use of Products Sold, we continue to monitor other key emission sources associated with our value chain and define strategies to reduce them.

Logistics Another category that generates GHG emissions is our logistics activities, inbound transport and product distribution. Transport accounted for 12.8% of our other Scope 3 emissions in 2024. Inbound logistics The transport of raw materials and other components to our factories is considered inbound logistics. In 2024, we saw a slight increase in inbound logistics emissions. The total CO 2 emissions were 7,928 tonnes in 2024, an increase of 10% compared to 2023 (7,214 tonnes). Outbound logistics Lighter products and optimised packaging have a significant impact on emissions from product distribution. Our eco-design efforts, combined with several packaging improvements, resulted in a 22% reduction of CO 2 in this category in 2024 (6,527 tonnes) compared to 2023 (8,423 tonnes). Business travel In 2024, we continued to promote the use of remote meetings, encouraging colleagues to travel only when absolutely necessary and when the physical meeting adds value. Thanks to these efforts and the commitment of our colleagues, emissions from business travel fell by 8% in 2024 (1,827 tonnes of CO 2 ) compared to 2023 (1,989 tonnes of CO 2 ).

Emissions of Production Materials Consumed 2024 [kilotonnes of CO 2 e]

10 20 30 40 50 60 70 80 90

Other Scope 3 Emissions Sources

100

85%

2023 2024

2024 Production Materials Consumption [kilotonnes]

12,8%

10 12

1,8% 0,4%

0 2 4 6 8

Production materials Logistics Business travel Waste

Production materials Although seemingly insignificant compared to the emissions from the use phase of the products we sell, the materials we use in production are the second largest source of Scope 3 emissions. In 2024, the materials used in production resulted in 95,901 tonnes of CO 2 e emissions, which is 85% of the other Scope 3 emissions. Thanks to our ongoing eco-design efforts to optimise the material content of our products, we used 10% less material, resulting in 6% lower carbon emissions in 2024 compared to 2023.

2023 2024

12.2 - By 2030, achieve the sustainable management and efficient use of natural resources.

Table of contents

Planet

Waste Although waste management represents a relatively small proportion of our GHG emissions - around 1% of other Scope 3 emissions - proper waste management must be at the heart of all industrial organisations’ processes as part of UN SDG target 12.5. At Schréder, we have long been committed to the principles of the circular economy, and we aim to minimise our production waste, before recycling unavoidable waste. Our continuous efforts have enabled us to ensure that 89% of our non-hazardous waste was collected for recycling in 2024. Although this is lower than the previous year’s result (91%), it still demonstrates our company’s commitment to maximising the recycling of waste from our production sites.

Recycling

Schréder’s luminaire recycling programme extends beyond Europe, where the WEEE directive makes this process mandatory and clear. Our Australian subsidiary also manages the waste generated by the transition from traditional lighting to more efficient LED lighting. Australia is currently facing a serious lighting waste challenge, with millions of old bulbs, tubes, lamps and assemblies going to landfill each year.

To do our part, we decided to develop our own luminaire recycling process in partnership with Sims Metal. Implementing this recycling programme is a positive step in diverting recyclable material from our landfill. Sims Metal will provide a recycling certificate stating the amount of material recycled and a breakdown of the material recovered.

Harness Racing Victoria (HRV) LED Upgrade and Sustainability Outcome

Harness Racing Victoria (HRV), Australia contracted us to upgrade the lighting infrastructure at three major venues

We facilitated a dedicated metal recycling stream, ensuring that all eligible components were collected, sorted and delivered to approved metal recyclers. This initiative included: • Coordinating logistics for the removal of metal parts from the site; • Ensuring clear separation of recyclable metals from non-recyclable metals;. • Partnering with certified recycling facilities for traceable processing. The HRV LED upgrade project demonstrates the power of sustainable design and execution. By combining energy- efficient technologies with a commitment to recycling and resource recovery, we have not only delivered improved operational outcomes for Harness Racing Victoria, but also lasting environmental benefits.

Non-Hazardous Waste

Recycling Landfill Incineration

- Cranbourne, Kilmore and Geelong - to improve performance, reliability and energy efficiency. Sustainability was embedded throughout the project lifecycle, from selecting the equipment to the end-of- life treatment of the old fittings. All the new floodlights offer superior optical performance and energy savings, dramatically reducing the clubs’ carbon footprint. Over 10,000 kilograms of metal recycled HRV required a sustainable end-of-life solution for obsolete metal components that formed part of its lighting infrastructure. Disposing of these materials through traditional waste streams would have contributed significantly to landfill and missed opportunities for resource recovery.

89%

At Schréder, we believe that the best waste management is to never produce waste in the first place. We are therefore committed to responsible waste management, prioritising reduction and recycling to minimise our environmental impact. To this end, we have implemented a management system that goes beyond legal compliance to establish sustainable practices.

12.2 - By 2030, achieve the sustainable management and efficient use of natural resources.

Honorino Estevez Plant Director (Spain)

Table of contents

Planet

1.2 Sustainable Solutions Sustainability is at the heart of Schréder’s values and operations. We have built our reputation by continuously reducing our environmental footprint and helping our customers to do the same. Our products are designed with circularity in mind, prioritising resource efficiency and waste reduction. By integrating energy-efficient lighting technologies, we extend product lifespan while enabling smart lighting solutions that optimise energy use. This not only lowers operational costs but also significantly reduces environmental impact, contributing to a more sustainable future. Optimised Energy Consumption The energy consumed over the lifetime of a luminaire is its greatest environmental impact. Upgrading outdated installations with more energy-efficient technologies is one of the most effective ways to reduce this impact. At Schréder, we are committed to continuously developing solutions that minimise energy consumption by integrating innovations such as LED technology, optimised optics, advanced control systems and solar-powered solutions. Over the years, our luminaires have become significantly more efficient, with LEDs consuming up to 70% less energy than conventional light sources. Today, 100% of our luminaire sales are LED-based. The total greenhouse gas emissions associated with our products depend on a number of factors, including energy consumption over their lifetime and the emission intensity of electricity in different regions. The most significant impact we can make is in optimising the energy efficiency of our luminaires. That’s why our engineers and technology suppliers are continuously pushing

the boundaries of efficiency, developing adaptive and connected lighting solutions that improve performance while maximising energy savings.

By reducing energy consumption and extending the lifespan of luminaires, Schréder EXEDRA plays a key role in supporting sustainability efforts, helping cities lower their environmental impact while enhancing urban living. In 2024, we reached a significant milestone by connecting the one millionth device to the Schréder EXEDRA platform. By leveraging the data-driven insights provided by the platform, our customers will be able to create even more sustainable and resilient communities.

Schréder EXEDRA Smarter and More Sustainable Cities Schréder Hyperion, the Schréder Group’s Smart City Centre of Excellence, is dedicated to accelerating the transition to a more connected and sustainable urban infrastructure. As part of this mission, we developed Schréder EXEDRA , a cutting-edge lighting control and management platform designed to help cities optimise their energy use while seamlessly evolving into broader Smart City applications. Security and reliability are at the core of Schréder EXEDRA. The platform ensures data protection through encryption, hashing, tokenisation, and key management practices, all in compliance with the latest ISO 27001:2022 certification - a testament to our commitment to maintaining the highest standards in cybersecurity. 1,000,000 devices connected to Schréder EXEDRA With advanced features for programming optimised dimming profiles based on multiple variables - such as calendar days, special events, and seasonal changes - Schréder EXEDRA enhances energy efficiency while maintaining safety, comfort and well-being in public spaces. In addition, the platform’s interoperability allows it to manage controllers and sensors from different manufacturers, offering cities a flexible and futureproof solution.

I love being able to advice/ recommend lighting and smart control technology solutions that help and preserve the natural eco-system all while ensuring safety and well-being for people.

Michael Davies Business Development Manager – Sylvania Schréder

Table of contents

Planet

Smart lighting reduces energy costs by 71% for Penthéréaz

Supporting Flanders’ Smart Region Journey

Fluvius, which manages 1.2 million lighting points for 300 Flemish cities and municipalities, has been on a mission to convert them all to LED technology since 2015 with the ‘All Lights to LED’ plan. In 2024, over half of Flanders’ lighting points - 600,000 luminaires - had been equipped with LEDs. That has driven a 30% reduction in energy use since 2015, which equates to around 30,876 tonnes of CO2 emissions per year. By completion, the transition is expected to save up to €54 million annually on energy costs. While much of the energy saving is due to converting the light fittings from legacy systems to LED, another wave is down to embracing smart technologies. By using a smart lighting system in combination with controller nodes to connect thousands of lighting points, Fluvius enables cities and municipalities to dim or switch off the lights during the quietest hours of the night to save even more energy. ‘All lights to LED’ is a long-term project and we have been working with Fluvius every step of the way. More than 300,000 street lights are now connected to the Schréder EXEDRA platform, helping municipalities across Flanders to save energy and money by optimising lighting.

The picturesque town of Penthéréaz in the Gros-de-Vaud region of Switzerland, decided to upgrade to a smart lighting system to reduce energy costs and light pollution. They chose the FLEXIA QUERCUS, a versatile luminaire with a plant-based design that brings a touch of nature to the heart of the town and is an DarkSky approved luminaire. Featuring a flat glass protector, it directs all the light to the ground with no light spill. All of the FLEXIA QUERCUS luminaires in the town are controlled by the Schréder EXEDRA lighting control management system that adjusts the lighting according to real needs. To ensure that the lighting met the expectations of the local community, tests were carried out in four streets. Feedback from the residents was invaluable in determining the most appropriate lighting levels. Based on these insights, a dimming schedule was implemented, delivering substantial energy savings of over 70%. Thanks to the intuitive interface of Schréder EXEDRA, the local authorities can easily adapt the lighting to events taking place in the town. For example, on 12th August 2024, the town switched off the lighting for the night of the Perseids to give residents the best possible view of the meteors in the sky.

In addition to reducing energy consumption, Schréder EXEDRA also provides real-time monitoring, with instant access to the status of each connected luminaire, giving Fluvius a much better overview of its inventory. This improved visibility will enable Fluvius to extend the lifespan of assets, maximise uptime, and further reduce intervention costs - helping cities to achieve their circular economy goals.

We’ve already switched 70% of the lights in Bruges to LED, greatly reducing our energy consumption. We are also able to dim the lights to a level of 30% or even 50%, something we were not able to do with the regular street lights. Mercedes Van Volcem Alderman for Bruges Public Domain (2019 - 2024)

Table of contents

Planet Adaptive street lighting reduces energy in Enschede The city of Enschede in the Netherlands is renowned for its commitment to technology, innovation and creativity, making it an ideal setting for smart city initiatives. The municipality collaborates closely with businesses and educational institutions to drive digital transformation and accelerate the adoption of sustainable solutions, with the aim of improving quality of life and reducing environmental impact. As part of its sustainability strategy, the city decided to pilot Schréder EXEDRA LightSync, a solution that significantly reduces energy use and CO₂ emissions by adapting the lighting to what is really needed throughout the night. With a total energy saving of over 50% and CO 2 emissions reduced by 1,229.53 kg compared to the same luminaires without a dimming schedule, Schréder EXEDRA LightSync has undoubtedly been a success from a sustainability perspective! In addition to sustainability, technological development is important for a city like Enschede. Thanks to close collaboration between the municipality of Enschede and Schréder, both parties have established themselves as leaders in adaptive public lighting. The term ‘Smart City’ is thus fully justified!

Driving Open and Interoperable Smart City Solutions At Schréder, we are committed to developing and promoting open and interoperable solutions that empower cities to build truly smart and sustainable urban environments . We believe that vendor-agnostic technologies are essential to fostering an open technology ecosystem that allows city devices to seamlessly connect to networks without being restricted to proprietary platforms. Unfortunately, many solutions on the market operate within closed architectures, limiting cities to single-vendor systems. Establishing open protocols is critical to enabling interoperability and ensuring the long-term success of smart city initiatives. Our Owlet IV range of smart lighting controllers is designed with this vision in mind. They support adaptive lighting technology to optimise energy consumption by dynamically adjusting brightness based on real-time conditions such as traffic flow and weather. Its fully configurable dimming profiles intelligently regulate light output, reducing energy consumption during off-peak hours while maintaining safety and visibility. By prioritising energy efficiency and cybersecurity , Schréder EXEDRA enables cities to develop more sustainable urban lighting infrastructure. Advanced security mechanisms ensure safe and resilient deployments , helping cities embrace the future of smart lighting while minimising environmental impact.

9.5 Enhance scientific research, upgrade the technological capabilities of industrial sectors in all countries, in particular developing countries, including, by 2030, encouraging innovation and substantially increasing the number of research and development workers per 1 million people and public and private research and development spending.

13.3 Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning.

Tijmen Katier Senior Technical Advisor Public Lighting Municipality of Enschede

Table of contents

Planet

Solar Solutions Strategic Investment for a Sustainable Future As part of our ongoing commitment to sustainable innovation, Schréder has strengthened its position in the solar lighting market by acquiring a 49% stake in Photinus , a leading European provider of solar lighting solutions. This partnership will accelerate the development of connected and energy-efficient solar lighting solutions, reinforcing our mission to create safe, sustainable, Founded in Austria in 2013, Photinus has over a decade of experience in providing self-sufficient solar lighting for urban and rural environments in countries across Europe and the Middle East. It offers a comprehensive portfolio of products that enable customers to ensure safety and security while using renewable energy to reduce their carbon footprint. Through this dynamic alliance, Photinus will become Schréder’s centre of expertise for solar lighting, driving technological advancements and expanding the adoption of low-carbon lighting solutions. and resilient public spaces. Advancing Solar Innovation Sustainable Growth and Transition This acquisition is in line with Schréder’s sustainability goals, as it expands our portfolio of low-carbon lighting solutions. By leveraging Photinus’ expertise, we aim to provide innovative solar-powered lighting systems that help reduce CO₂ emissions and support energy resilience in communities worldwide. Together, we are driving the future of solar innovation and sustainable lighting.

Smart standalone solar lighting ensures safe path to Weibertreu Castle

Weibertreu Castle stands above the town of Weinsberg, in south-west Germany. Easily accessible on foot through vineyards from the Grasiger Hag car park below, it offers visitors magnificent panoramic views stretching across the Neckar Valley. Weinsberg Council wanted to install a sustainable lighting solution on the path which is off the grid so that visitors could enjoy the scenery after dark. A total of 11 standalone TECEO luminaires with solar panels and components from Photinus have been installed, eliminating the need to dig up land. They are fitted with motion sensors to ensure that the light is used efficiently when it is needed. At dusk, the luminaires are dimmed to 30% of the normal lighting level. If movement is detected the lighting level increases to 100% to ensure maximum visibility and safety for people using the path. The DarkSky approved TECEO provides an environmentally friendly solution to protect insects and reduce light pollution. Thanks to the new smart solar lighting, visitors can enjoy a safe and relaxing stroll up to Weibertreu Castle after dark to take in the stunning views. What a great way to spend an evening!

We are extremely satisfied with Schréder’s solar lighting solution. Even in the months with little sunshine, the system works perfectly. The smart control via motion sensors, the ease of installation and the CO 2 savings were decisive advantages for us, especially in view of the difficult topographical situation, where laying underground cables would have been very complex and costly. Günter Haag Municipality of Weinsberg

Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89