Our Environmental Policy, covering GN’s approach to all material environmental topics across our own operations and value chain, includes a section on resource inflows, stating that our commitment to reducing resource inflows by optimizing for efficient resource use in the design of our product and avoiding unnecessary production waste. Where this is technically and operationally feasible, we are committed to introducing recycled or renewable alternatives for materials used in our products. For biological or renewable materials, such as paper and cardboard used in our packaging, we strive to source these materials sustainably to ensure this does not lead to deforestation. The provenance of the materials we use is pivotal to the impact of our value chain, which is why we source materials with credible third-party certifications, such as FSC, ISCC Plus and Global Recycling Standard.

We have two IROs related to resource use and circular economy reflecting the financial risks and environmental impacts of our dependence on a wide range of materials for the manufacturing of our products. For resource inflows, we have one actual negative impact, reflecting our dependence on virgin materials for our products related to our own operations and value chain, respectively. For resource outflows, we have one negative actual impact, reflecting the extent to which our current business model and product design is not fully aligned with circular economy. Attached to this IRO, we also have one financial risk, reflecting the potential financial implications of not transitioning to a more circular business model, as required by legislation or customers. Aside from mitigating the risk and impacts of relying on finite and scarce resources, moving towards a more circular business model provides opportunities to reduce electronic waste and meet increasing demand for circular products and services.