Finnair Oyj

The Board has delegated some of its functions over to the Audit Committee, namely overseeing the quality and integrity of the sustainability reporting, the functioning of the internal control and risk management systems related to sustainability reporting, and the sustainability reporting auditor's qualifications, performance, and independence. The Committee convenes quarterly and reports on their work to the Board. The Committee does not have decision-making power independent from the Board, except where expressly authorised by the Board. [...] The Executive Board The Finnair Executive Board and CEO are accountable for conducting business in accordance with Finnair's values and policies and ensuring the effective execution of Finnair's sustainability strategy and management of sustainability matters. The Executive Board's responsibilities include the setting of sustainability targets and strategic priorities. The Executive Board approves climate-related transition plans, major investments, and resource allocations related to sustainability initiatives and Finnair policies. The Executive Board is also involved in the assessment and approval of sustainability impacts, risks, and opportunities as part of the DMA. The Executive Board provides strategic direction and guidance to Finnair's Sustainability Leadership Team (SLT) and reviews the strategic sustainability targets and priorities proposed by the SLT to the Board. [...] Sustainability Leadership Team (SLT) The SLT consists of selected members of the Executive Board (2024: 6) and Finnair's SVP Sustainability. The SLT is accountable for reviewing and aligning the sustainability strategy with Finnair's overall objectives. The SLT reports to the Executive Board on the progress and performance against the set sustainability targets. The SLT is responsible for developing and endorsing sustainability policies, strategies and targets, and suggests sustainability priorities to the Executive Board based on approved strategy. The SLT is also responsible for updating and reviewing the DMA and ensuring appropriate management of sustainability impacts, risks, and opportunities. [...] Working Groups There are four Working Groups focusing on Environmental, Social, Customer Centric, and Governance topics. The Working Groups are responsible for developing and proposing specific sustainability initiatives and metrics related to their focus area and monitoring progress on these. The Working Groups are also responsible for ensuring that the sustainability initiatives and metrics are practical and achievable. The Working Groups report on progress and potential challenges to the Leadership Teams regarding the initiatives and metrics and offer recommendations.

## Public affairs and lobbying

As a company looking forward to the future, it's crucial for us to participate in discussions and decision-making that impact our industry. To achieve our strategy, we aim to secure adequate traffic rights while adhering to ethical and sustainable practices. We maintain a fair and transparent approach to lobbying and refrain from pressuring or supporting political decision-makers. Our lobbying activities are audited regularly to ensure compliance with legal and ethical standards.

We engage in lobbying activities to maintain relationships with relevant policymakers and participate in advocacy organizations' operations and negotiations. When lobbying on civil aviation and industry regulation issues, we collaborate with various organizations and chambers of commerce. Finnair is an active member of aviation industry organizations such as A4E and IATA, the Confederation of Finnish Industries (EK), its sub-associations, and several chambers of commerce.

Describe the process(es) your organization has in place to ensure that your engagement activities are consistent with your overall climate change strategy[…]Finnair has committed to set a SBTi target until March 2024. To reach such target the company need to engage all industry stakeholders to aim for the goals set in the Paris Agreement.

Does your organization have a public commitment or position statement to conduct your engagement activities in line with the goals of the Paris Agreement?[…]No, and we do not plan to have one in the next two years