In 2024 we have made significant strides in our Diversity, Equity, and Inclusion (DEI) initiatives. A key achievement is implementation of the new governance model that ensures women are considered in all leadership appointments. As a result, women accounted for 40% of leadership promotions and hires this year. DEI awareness training was developed and launched for all people leaders. Inclusive leadership workshops for ELT and their direct reports were held to enhance inclusive leadership capabilities in management. All ELT members and their management teams have completed the workshops.

We are committed to providing a safe and healthy working environment for all of our employees. Our policies, actions and targets address our IRO on health and safety, specifically covering the negative impact as a result of work-related accidents at our major manufacturing sites. We do not have a global health and safety policy, however all GN’s manufacturing sites have locally anchored health and safety (H&S) groups and/or more global-oriented Health, Safety, & Environment (HSE) committees.

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.

In 2024 we have made significant strides in our Diversity, Equity, and Inclusion (DEI) initiatives. A key achievement is implementation of the new governance model that ensures women are considered in all leadership appointments. As a result, women accounted for 40% of leadership promotions and hires this year. DEI awareness training was developed and launched for all people leaders. Inclusive leadership workshops for ELT and their direct reports were held to enhance inclusive leadership capabilities in management. All ELT members and their management teams have completed the workshops.

GN’s whistleblower hotline, the GN Alertline, is accessible to all internal and external stakeholders for raising their concerns and reporting business ethics misconduct. The GN Alertline is a secure and confidential reporting tool hosted by an independent third party. All investigations are handled by designated and trusted GN employees. The GN Alertline permits internal and external stakeholders to report concerns in good faith and is part of GN’s commitment to being a credible and responsible company, with a continuous focus on improving corporate governance processes. To raise awareness about the GN Alertline and to encourage employees to speak up, GN regularly conducts communication campaigns, latest in 2024. The communication campaigns also enable GN to assess employee awareness and trust of the channels provided. In addition, guidelines on how to access the GN Alertline and report cases are available on GN’s intranet and external website. Cases reported are handled by designated and trusted employees in the Group Business Ethics & Compliance department who assess the information and initiates investigation, if required. Reported cases are treated seriously and confidentially ensuring a fair outcome after thorough investigation. All reports are handled confidentially to protect the identity of those involved, fostering a safe environment for individuals to voice their concerns without fear of retaliation. GN’s commitment to protect those reporting misconduct from any kind of retaliation or repercussions is outlined in GN’s Non-Retaliation Policy. For more information on the Non-Retaliation Policy and GN Alertline, see chapter G1 Business Conduct.

Employees can at all times engage with their direct manager, HR business partner, contact GN’s global Diversity, Equity, and Inclusion team, or join employee-led employee resource groups. GN also conducts webinars, communication, and awareness campaigns on topics such as mental health, neurodiversity, and health and safety. Additionally, GN has established employee resource groups that aim to gain insights into the perspectives of marginalized employees. This includes a global network of female professionals in GN, a global network for LGBT+ colleagues and allies, and a network for black colleagues and supportive allies across the company. The results from the campaigns and employee feedback are reviewed and evaluated by Diversity, Equity, and Inclusion (DEI) to identify new initiatives and actions. Employees are also encouraged to share their comments and views on internal Teams channels and the GN intranet.

GN is committed to ensure adequate wages for all our employees globally. As GN adheres to country-specific legislation and/or collective agreements, a global policy has not been defined. To ensure that GN continues to provide fair and competitive pay, we continuously monitor pay positioning of all GN employees compared to identified pay ranges. Besides ensuring that all the GN employees are paid above minimum wage requirement, GN has not set any additional targets related to adequate wages. To ensure that all GN employees are paid adequately, local HR continuously monitor and ensures adherences to local legislation and/or collective agreements. The first year's control on adequate wages has been carried out from a global perspective ensuring that all employees receive at least the country's minimum wage in base salary alone.

GN ensures that all employees receive at least the country's minimum wage in base salary alone. There is no mention of any country where employees earn below the adequate wage benchmark.

GN ensures that all employees receive at least the country's minimum wage in base salary alone. There is no mention of any percentage of employees earning below the adequate wage benchmark.

Not explicitly mentioned.