GN uses climate scenario analysis to assess risks and opportunities, applying different scenarios over short, medium, and long-term horizons. The analysis includes physical risks like extreme weather and transition risks such as carbon pricing. The company uses geolocations and supplier data for risk assessment. Financial impacts are assessed using life cycle assessments and climate projections. The anticipated financial effects are not explicitly quantified in the provided text.

GN has set science-based GHG emission reduction targets to reduce Scope 1 and 2 emissions by 80% and Scope 3 by 25% by 2030. In 2024, GN achieved a 58% reduction in Scope 1 and 2 emissions from the 2021 baseline. Scope 3 emissions have decreased by 26% from the 2021 baseline. The company aims for net-zero GHG emissions by 2050, with a 90% reduction and neutralization of unabated emissions.

GN has implemented several decarbonization levers to meet climate targets, including renewable energy, energy efficiency, and fleet electrification. In 2024, GN achieved a 58% reduction in Scope 1 and 2 emissions from the 2021 baseline. Scope 3 emissions decreased by 26% from the 2021 baseline. The company plans to continue renewable energy initiatives and energy audits to further reduce emissions. GN aims for an 80% reduction in Scope 1 and 2 emissions by 2030 and a 25% reduction in Scope 3 emissions by 2030.

GN's climate reduction initiatives are anchored within the existing business model and financial planning. The company does not expect significant changes in economic activities due to climate objectives. However, small increases in CAPEX and OPEX alignment may occur in eligible activities like new building construction and energy efficiency initiatives. GN's ability to implement actions is supported by the fact that it is not excluded from Paris-aligned benchmarks.

GN has set Board-approved science-based GHG emission reduction targets to manage climate-related impact and risks by decarbonizing in line with the scientific consensus on the urgency of addressing climate change and the degradation of nature. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally. Their near-term targets have been set using the Science Based Targets initiative’s (SBTi) Criteria v5.0 with the absolute contraction approach and the cross-sector pathway, which is based on the P1 scenario in the IPCC Special Report on Global Warming of 1.5°C. GN has aligned their net-zero target to the SBTi’s cross-sector absolute reduction method for long-term targets. Through their climate targets, GN demonstrates their commitment to ensure their business is compatible with the transition to a net-zero economy and within the limiting of global warming to 1.5°C in line with the Paris Agreement. Their 2030 reduction targets are the first milestone towards achieving net-zero emissions by 2050, and they assess that they can reach this milestone without adjusting their business model, as the required reductions can be achieved through a number of decarbonization levers without having to adjust the fundamentals of how their business operates. They are planning and implementing several initiatives using such levers to the extent required to meet these targets.

GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.

GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.

GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.

GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.

GN has set Board-approved science-based GHG emission reduction targets. They are committed to reducing absolute GHG emissions (metric tons CO2eq) in Scope 1 and 2 by 80% and in Scope 3 by 25% by 2030 from a 2021 baseline. GN is also committed to reaching net-zero GHG emissions by 2050 at the latest, meaning 90% reduction with neutralization of unabated emissions to reach net zero. The targets cover all GHGs stipulated in the GHG Protocol and all activities in GN’s own operations and value chain globally.