Huhtamaki Oyj

Reporting of the Sustainability-Linked Securities will be published publicly at least on an annual basis. Huhtamaki will ensure that it will publish, keep readily available and easily accessible up-to-date information on the performance of the selected KPI(s), including baselines. The actual KPI performance will be reported in Huhtamaki's Annual Report (the "Report"). KPI and SPT data, among other non-financial information in the Report, will be reviewed by a qualified independent third party, with relevant expertise as described in section "2.5 Verification". The Report will be published on Huhtamaki's web page no later than 120 days after the end of each financial year to ensure investors and other stakeholders have updated and adequate information about Huhtamaki's sustainability strategy and the progress on the KPIs towards the respective SPTs. [...] Huhtamaki will ensure an external and independent verification, in the form of a limited assurance, of the performance of the KPIs listed in this Framework, in their progression towards the respective SPTs, on an annual basis ("Verification Assurance Report"). The Verification Assurance Report shall be conducted by an external, independent third-party reviewer with relevant expertise and qualifications, such as an auditor or an environmental consultant. The Verification Assurance Report, either as part of Huhtamaki's Annual Report or being provided as a separate report, shall be made public no later than 120 days after the end of each of its financial year as outlined in section "2.3 Bond Characteristics" as well as specified in the security specific documentation. The Verification Assurance Report may, at the discretion of Huhtamaki, also include review of other non-financial information as may be subject to the agreed scope of work with the independent third-party performing the task.

In 2021, we introduced our Global Sustainability Index (GSI), which links the short-term incentives of the President and CEO and other Global Executive Team members to our sustainability performance. In 2022, sustainability-linked objectives were rolled out to all employees taking part in the short-term incentive plan. [...] For the reporting year 2023, we will update the GSI to reflect our updated ambitions around water and solvent use as well as elevate the role of health and safety. Going forward, the index will be called the Global Sustainability & Safety Index, the GSSI, and it will be implemented as a joint business objective for all participants of the global short-term incentive plan.

The Board oversees sustainability related activities in the Group. The Audit Committee monitors the auditing and assurance of the statutory sustainability reporting. [...] The Human Resources Committee of the Board validates Huhtamaki Global Sustainability and Safety Index (GSSI) targets each year. [...] The Audit Committee of the Board monitors and assesses the Company's reporting system and processes, including the sustainability target progress. The Audit Committee assists the Board by monitoring and assessing the effectiveness and efficiency of the risk management systems. [...] The Global Executive Team (GET) is responsible for supervising that material Group policies and guidelines are maintained and properly followed, including policies related to the management of impacts, risks and opportunities through allocating adequate resources as well as adopting and deploying risk management procedures. [...] The EVP, Sustainability and Communications leads the Global Sustainability function and chairs the Sustainability Committee formed among the members of the GET. The EVP, Sustainability and Communications ensures that the Board, the Audit Committee and the GET are well informed on sustainability related topics. [...] The Global Risk Management function organizes, instructs, supports, supervises and monitors risk management activities on an ongoing basis. It reports the results of the risk management process to the Audit Committee annually. The processes and controls related to the management of impacts, risks and opportunities are part of the broader Enterprise Risk Management (ERM) control framework.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Huhtamaki sustainability commitments and our progress towards our 2030 ambition are overseen by Executive Vice President Sustainability and Communications who also oversees Huhtamaki Public Affairs and advocacy. Subject matter experts in the Sustainability Center of Excellence team work together with the Public Affairs team when planning the engagement activities and responses. This ensures consistency and alignment with our overall climate strategy . To help us stay true to our ambitions, we have developed a global sustainability dashboard with selected key performance indicators. The global dashboard is used regularly to communicate our performance against our commitments to external stakeholders in different engagement activities. Executive Vice President Sustainability and Communications reports to the Group Executive Team (GET), Huhtamaki Board of Directors (BoD) and investors on our progress incl. the climate-related KPIs on a regular basis.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]Yes