SCHREDER - Sustainability Report 2023

Foreword from our Chairman We remain confident that we can make a difference.

Sadly, another year has passed and the conflict in Ukraine continues, and on behalf of the Board I would like to express our deepest sympathy to our employees and their families who are enduring the harsh realities of war. We commend the extraordinary efforts of our Ukrainian team who, despite the circumstances, continue to provide first class service to our customers and have even achieved record production levels. The impact of this conflict continues to be far-reaching and will affect our lives for years to come. Growing concerns about human rights, gender inequality, global warming and biodiversity loss reinforce the need for organisations to commit to and drive initiatives aligned with the United Nations Sustainable Development Goals (SDGs) to create a greener and better future. As a business operating worldwide, we have a corporate responsibility to integrate SDG-aligned strategies that reduce greenhouse gas emissions, promote diversity and inclusion, support conservation efforts and ensure fair labour practices. We need to implement actions that not only benefit society, but also build our resilience in this fast-paced world, and I believe our Together For Our Future sustainability strategy has been instrumental in driving this agenda. This has been a year of progress for our sustainability actions. With the Science Based Targets initiative (SBTi), we committed to setting near-term company-wide emissions reduction targets, and in early 2024 we received official approval from the SBTi. In addition, despite EcoVadis raising the bar for environmental performance, we were awarded the EcoVadis Gold Medal for the second year in a row.

Our approach to sustainability is constantly evolving. We continue to recalibrate our performance metrics to ensure that we are making an effective contribution to the preservation and care of our planet. We remain confident that we can make a difference; our commitment is reflected in both our operational practices, and the way in which our products support our customers’ sustainability strategies. We thank all our stakeholders for their continued support. Together we can make a difference!

In 2023, Schréder continued to succeed and grow in a rapidly changing environment, showing agility in challenging times. Sustainability remains one of Schréder’s core values and we have demonstrated our ongoing commitment to making a positive and lasting impact. I am proud to present our actions in the 2023 edition of our Annual Sustainability Report, which is based on the standards of the Global Reporting Initiative (GRI). Sustainability is part of our daily life and working culture. As a family-owned business, we strive to pass on this vision of sustainability to future generations. We believe in building a circular economy, reducing our own carbon footprint and helping our customers to reduce theirs.

Renaud Gryspeerdt Chairman of the Board


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