Our Sustainability Strategy

isacornerstone of our overall

Commercial Strategy and

wasformally approved by the

InizioBoard in September 2022.

In light of regulatory changes

andthe progress we’ve made

sofar,in Q4 2023 we reviewed

ourSustainability Strategy to

ensurewe’re focusing on where

wecanhave the most impact

andtoassign key performance

indicators(KPIs) against each

pillarof ourstrategy. TheInizio

Board approved the updates

totheSustainability Strategy

inFebruary2024.

Priorities Key performance

indicators

Materiality

In 2021, Inizio and its predecessor

companies completed a single

materiality assessment.

Mindfulof the changes in our

organizational structure since

then, and in preparation for the

upcoming CSRD, we’ve recently

begun a double materiality

assessment to ensure we’re

focusing our efforts on the

mostimportant issues for our

stakeholders. We’ll present the

results of thisassessment in

our2024 report.

We have also developed our

reporting with reference to

GRIand we have used the

material topics identified in

our 2021 assessment as the

basis of ourGRI reporting.

See page 9in our 2022

Sustainability Report for

further details of the single

materiality assessment.

From2024 onwards, we

willusethe output from

thedouble materiality

assessment to further

developour GRI reporting.

Sustainability Pledges

In our 2022 Sustainability Report,

wereported several Sustainability

Pledges. As part our recent

strategy refresh, these pledges

have been incorporated into

ourSustainability Strategy

asinternal targets, contributing

tothe achievement of our KPIs.

Find out more in our 2022

Sustainability Report, page 9

Environmental

To reach Net Zero greenhouse

gasemissions in our operations

andvalue chain by 2040.

1. To decarbonize our operations to Net Zero by

2040, with a 46.2% reduction in our absolute

Scope 1 and 2 emissions by 2031, inline with

our science-based target.

2. To reduce our Scope 3 emissions to Net Zero

by 2040 and at a minimum by 27.5% by 2031,

in line with our science-based target.

• Scope 1 and 2 carbon emissions.

• Scope 3 carbon emissions.

• Percentage of renewable energy

consumption vs non-renewable

energyconsumption.

• Percentage of electric and hybrid

vehicles in company fleet.

Social

To be an employer of choice, by

investing in our people and creating

aculture that values diversity and

inclusion, while also positively

impacting our local communities.

1. To embed DEI practices throughout the Group.

2. To create an inclusive learning environment

and develop our people to fulfill their potential.

3. To ensure our people are safe, well, and free

fromharm.

4. To positively contribute to our local communities.

• Increase in favourable score

fromemployees on inclusion

andequity measures.

• Employee turnover.

• Number of lost-time accidents.

• Number of volunteering hours

spentparticipating in Community

Action Day.

Governance

To operate a robust and agile

governance framework

tosupportthesuccessful

deliveryoftheGroup’s strategy.

1. To build a strong ethical culture

throughouttheorganization.

2. To enhance the internal governance

processesand controls throughout

allIniziolegal entities.

3. To ensure robust data governance and

cybersecurity controls are in place.

4. To manage our supply chain responsibly.

• Completion rates of mandatory

training modules.

• Number of incidents of bribery

andcorruption in our operations.

Inizio Sustainability Report 20239