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.

In 2024, GN made significant strides in its Diversity, Equity, and Inclusion (DEI) initiatives. Key achievements include:

• Implementation of a new governance model ensuring women are considered in all leadership appointments, resulting in 40% of leadership promotions and hires being women.
• Development and launch of DEI awareness training for all leaders.
• Inclusive leadership workshops for the Executive Leadership Team and their direct reports.
• Execution of ten DEI events and internal multi-channel campaigns covering different aspects of diversity.

These initiatives are aimed at addressing the identified material potential negative impact related to the lack of diversity and apply across all Group companies. GN measures progress against established targets and ensures accountability at all levels of the organization.