In 2023, we will focus on updating our value chain to include business areas in development as well as our double materiality assessment by conducting a more thorough assessment of our short, medium, and long-term impacts on society. This, taking our financial risks and opportunities for the company into consideration. We will further update and develop our strategy based on the results of the assessment.

In addition, our aim is to strengthen ESG performance through an increased focus on our data collection and measurement processes as well as work on establishing a higher degree of employee inclusion in ESG reporting. This will be done by formalizing and implementing accounting policies and practices across the relevant departments to ensure consistency and comparability over the years.

On the next pages, we will take you through our initial ESG performance in 2022 as well as our outlook for 2023.