The materiality assessment concluded that certain topics, excluding climate change, are not material. This determination was based on the assessment that the current business operations do not significantly impact these areas, and no material risks or opportunities were identified that would necessitate disclosure requirements.

The materiality assessment concluded that several topics, excluding climate change, are not material. This conclusion was reached because the current business model does not significantly impact these areas, and no material risks or opportunities were identified that would require disclosure.

The materiality assessment concluded that certain topics, excluding climate change, are not material. This determination was based on the assessment that the current business operations do not significantly impact these areas, and no material risks or opportunities were identified that would necessitate disclosure requirements.

In 2023, the double materiality process was commenced in accordance with ESRS 1. The process involved mapping the value chain and identifying industries impacted. A scoring key from 0-5 was developed for impact and risk materiality, with thresholds set at 2 or above for materiality and 3 or above for highly material topics. The process assessed 31% of topics as highly material and 21% for own operations, and 45% for the value chain. Three analytical approaches were applied: desk research, internal workshops, and external stakeholder interviews. The process was reviewed by senior management and approved by the Audit Committee in August 2024.

GN has implemented several policies for managing material impacts related to its own workforce. As a member of the UN Global Compact since 2010, GN is committed to safeguarding human rights and labor rights principles in its own workforce. Accordingly, GN operations and business activities are guided by the UN guiding principles on Business and Human Rights, ILO Declaration on Fundamental Principles and Rights at Work and the OECD Guidelines for Multinational Enterprises. GN upholds human rights principles through the implementation of policies and procedures which prevent discrimination, harassment, advances diversity, and ensure fair and equal treatment of its workforce. To address IROs on working time, adequate wages and health and safety, the GN Ethics Guide outlines our employment practices which are aligned with human and labor rights principles. GN also respects voluntary freedom of association, including the right to organize and bargain collectively in a manner that is legally compliant. GN does not accept child labor and forced labor as defined by the UN Convention on the Rights of the Child. To ensure the health and well-being of our employees, GN has implemented health and safety policies and procedures locally in accordance with country legislation and regulatory requirements. In addressing IROs related to equal pay, harassment and diversity, GN has a dedicated Diversity, Equity and Inclusion policy which outlines beliefs and aspirations for equal treatment and opportunities for all its employees. Similarly, a dedicated anti-harassment policy promotes respectful culture and aims to raise awareness about bullying and how to report inappropriate behavior. GN policies are designed for all employee groups at every level to eliminate discrimination and uphold human rights principles. To prevent discrimination and promote an inclusive culture, GN has launched various communication campaigns, provided training, and established employee resource groups. Additionally, GN encourages an open dialogue and feedback to continuously improve its policies and internal procedures. GN provides channels for raising concerns, including potential human rights impacts, and has established internal procedures for handling the cases to ensure remedy for its employees.

GN has taken several actions in response to potential negative impacts on a case-by-case basis. Depending on the nature of the impact, actions are determined based on international and local standards and regulations, internal policies, and input from employee engagement processes. GN ensures adequate resource allocation for addressing each material impact with clearly defined roles and responsibilities. Execution of actions is anchored in GN’s existing governance structures, which defines roles and responsibilities, and ensures sufficient resource allocation. To evaluate effectiveness of actions implemented, GN conducts assessment and collects the necessary data for analysis. The results are reviewed by senior management to identify areas that require attention, allowing for necessary amendments to be made where needed. For longer term initiatives, GN performs continuous assessments to address any emerging issues promptly.

GN has implemented several policies for managing material impacts related to its own workforce. As a member of the UN Global Compact since 2010, GN is committed to safeguarding human rights and labor rights principles in its own workforce. Accordingly, GN operations and business activities are guided by the UN guiding principles on Business and Human Rights, ILO Declaration on Fundamental Principles and Rights at Work and the OECD Guidelines for Multinational Enterprises. GN upholds human rights principles through the implementation of policies and procedures which prevent discrimination, harassment, advances diversity, and ensure fair and equal treatment of its workforce. To address IROs on working time, adequate wages and health and safety, the GN Ethics Guide outlines our employment practices which are aligned with human and labor rights principles. GN also respects voluntary freedom of association, including the right to organize and bargain collectively in a manner that is legally compliant. GN does not accept child labor and forced labor as defined by the UN Convention on the Rights of the Child. To ensure the health and well-being of our employees, GN has implemented health and safety policies and procedures locally in accordance with country legislation and regulatory requirements. In addressing IROs related to equal pay, harassment and diversity, GN has a dedicated Diversity, Equity and Inclusion policy which outlines beliefs and aspirations for equal treatment and opportunities for all its employees. Similarly, a dedicated anti-harassment policy promotes respectful culture and aims to raise awareness about bullying and how to report inappropriate behavior. GN policies are designed for all employee groups at every level to eliminate discrimination and uphold human rights principles. To prevent discrimination and promote an inclusive culture, GN has launched various communication campaigns, provided training, and established employee resource groups. Additionally, GN encourages an open dialogue and feedback to continuously improve its policies and internal procedures. GN provides channels for raising concerns, including potential human rights impacts, and has established internal procedures for handling the cases to ensure remedy for its employees.

GN has implemented several policies for managing material impacts related to its own workforce. As a member of the UN Global Compact since 2010, GN is committed to safeguarding human rights and labor rights principles in its own workforce. Accordingly, GN operations and business activities are guided by the UN guiding principles on Business and Human Rights, ILO Declaration on Fundamental Principles and Rights at Work and the OECD Guidelines for Multinational Enterprises. GN upholds human rights principles through the implementation of policies and procedures which prevent discrimination, harassment, advances diversity, and ensure fair and equal treatment of its workforce. To address IROs on working time, adequate wages and health and safety, the GN Ethics Guide outlines our employment practices which are aligned with human and labor rights principles. GN also respects voluntary freedom of association, including the right to organize and bargain collectively in a manner that is legally compliant. GN does not accept child labor and forced labor as defined by the UN Convention on the Rights of the Child. To ensure the health and well-being of our employees, GN has implemented health and safety policies and procedures locally in accordance with country legislation and regulatory requirements. In addressing IROs related to equal pay, harassment and diversity, GN has a dedicated Diversity, Equity and Inclusion policy which outlines beliefs and aspirations for equal treatment and opportunities for all its employees. Similarly, a dedicated anti-harassment policy promotes respectful culture and aims to raise awareness about bullying and how to report inappropriate behavior. GN policies are designed for all employee groups at every level to eliminate discrimination and uphold human rights principles. To prevent discrimination and promote an inclusive culture, GN has launched various communication campaigns, provided training, and established employee resource groups. Additionally, GN encourages an open dialogue and feedback to continuously improve its policies and internal procedures. GN provides channels for raising concerns, including potential human rights impacts, and has established internal procedures for handling the cases to ensure remedy for its employees.

GN has implemented several policies for managing material impacts related to its own workforce. As a member of the UN Global Compact since 2010, GN is committed to safeguarding human rights and labor rights principles in its own workforce. Accordingly, GN operations and business activities are guided by the UN guiding principles on Business and Human Rights, ILO Declaration on Fundamental Principles and Rights at Work and the OECD Guidelines for Multinational Enterprises. GN upholds human rights principles through the implementation of policies and procedures which prevent discrimination, harassment, advances diversity, and ensure fair and equal treatment of its workforce. To address IROs on working time, adequate wages and health and safety, the GN Ethics Guide outlines our employment practices which are aligned with human and labor rights principles. GN also respects voluntary freedom of association, including the right to organize and bargain collectively in a manner that is legally compliant. GN does not accept child labor and forced labor as defined by the UN Convention on the Rights of the Child. To ensure the health and well-being of our employees, GN has implemented health and safety policies and procedures locally in accordance with country legislation and regulatory requirements. In addressing IROs related to equal pay, harassment and diversity, GN has a dedicated Diversity, Equity and Inclusion policy which outlines beliefs and aspirations for equal treatment and opportunities for all its employees. Similarly, a dedicated anti-harassment policy promotes respectful culture and aims to raise awareness about bullying and how to report inappropriate behavior. GN policies are designed for all employee groups at every level to eliminate discrimination and uphold human rights principles. To prevent discrimination and promote an inclusive culture, GN has launched various communication campaigns, provided training, and established employee resource groups. Additionally, GN encourages an open dialogue and feedback to continuously improve its policies and internal procedures. GN provides channels for raising concerns, including potential human rights impacts, and has established internal procedures for handling the cases to ensure remedy for its employees.

GN has implemented several policies for managing material impacts related to its own workforce. As a member of the UN Global Compact since 2010, GN is committed to safeguarding human rights and labor rights principles in its own workforce. Accordingly, GN operations and business activities are guided by the UN guiding principles on Business and Human Rights, ILO Declaration on Fundamental Principles and Rights at Work and the OECD Guidelines for Multinational Enterprises. GN upholds human rights principles through the implementation of policies and procedures which prevent discrimination, harassment, advances diversity, and ensure fair and equal treatment of its workforce. To address IROs on working time, adequate wages and health and safety, the GN Ethics Guide outlines our employment practices which are aligned with human and labor rights principles. GN also respects voluntary freedom of association, including the right to organize and bargain collectively in a manner that is legally compliant. GN does not accept child labor and forced labor as defined by the UN Convention on the Rights of the Child. To ensure the health and well-being of our employees, GN has implemented health and safety policies and procedures locally in accordance with country legislation and regulatory requirements. In addressing IROs related to equal pay, harassment and diversity, GN has a dedicated Diversity, Equity and Inclusion policy which outlines beliefs and aspirations for equal treatment and opportunities for all its employees. Similarly, a dedicated anti-harassment policy promotes respectful culture and aims to raise awareness about bullying and how to report inappropriate behavior. GN policies are designed for all employee groups at every level to eliminate discrimination and uphold human rights principles. To prevent discrimination and promote an inclusive culture, GN has launched various communication campaigns, provided training, and established employee resource groups. Additionally, GN encourages an open dialogue and feedback to continuously improve its policies and internal procedures. GN provides channels for raising concerns, including potential human rights impacts, and has established internal procedures for handling the cases to ensure remedy for its employees.