Talgo SA

Through the Strategy and Sustainability Committee, the Board of Directors is responsible for implementing cor- porate sustainability management and for exercising leadership in the design, implementation, governan- ce, control and results obtained in all areas of sustainability and business responsibility. In order to carry out this responsibility, it has: • The Strategy and Sustainability Committee, to validate and improve strategic plans, annual plans and final reporting before approval by the board. • The Steering Committee, which acts as the sustainability and responsibility steering committee, for pre-appro- val and pre-validation of all information and results proposed by the area responsible for corporate sustaina- bility. • The technical committee on sustainability and accountability to ensure the presentation and quality of all documents, initiatives and proposals in this area. • The Sustainability and Responsibility Area to improve the management and development of processes, methodologies, projects, initiatives, activities and transparency in this area. The Board's areas of responsibility and leadership in this area are: • Corporate strategy and governance • Non-financial risks and opportunities, impacts on stakeholders and the environment, material issues and ma- teriality analysis • Ethics and compliance • Human rights • Sustainability and sustainable development initiatives • Stakeholders [...] Key activities and projects carried out during the year The most significant activities in corporate sustainability carried out by the Board of Directors in 2023 were as follows: • Approval of the corporate sustainability report for the 2022 financial year. • Approval of corporate sustainability operational risks. • The exercise of due transparency through: • Annual Corporate Governance Report • Annual remuneration report to the board • Individual and consolidated financial statements of Talgo S.A. • Directors' Report • Other reports involving investment or strategic aspects or decisions • Progressive adoption of the 64 recommendations of the Good Governance Code of Listed Companies

The Board of Directors, through the Strategy and Sustainability Committee, is responsible for the implementation and management of corporate sustainability and for exercising leadership in the design, implementation, governance, control and results obtained in all matters relating to sustainability and business responsibility. In order to fulfil this responsibility, it has: • The strategy and sustainability committee to validate and improve the final information prior to approval by the board. • The sustainability and responsibility management committee (management committee plus managers for specific topics) for review and pre-validation of all information and results, proposed by the area responsible for corporate sustainability. • The technical committee on sustainability and responsibility, charged with the presentation and quality of all documents, initiatives and proposals in this area. • The area of sustainability and responsibility responsible for developing processes, methodologies, projects, initiatives, activities and transparency in this area.