GN’s Sustainability Statement is reported based on the same consolidation principles as the financial statements, covering all GN divisions, markets, and global levels.

GN’s Sustainability Statement is reported based on the same consolidation principles as the financial statements, covering all GN divisions, markets, and global levels.

Following the materiality assessment and due diligence processes, this Sustainability Statement covers all upstream and downstream value chain activities.

Overall, like any other risk, our risks are integrated in our strategy and business model through enterprise risk management processes, whereas managing our impacts is anchored in compliance with relevant legislation, as well as integration of additional policies, actions, and targets of our strategy and our business model where managing the impact requires additional efforts. We have assessed the time horizon for impacts to be the strategy period until 2028, as we lack clarity beyond that to accurately assess the materiality of impacts. Through a high-level resilience analysis in which we assessed the implications of these IROs on the overall sustainability of our business for the same period, we assess that the nature and severity of our IROs do not require us to alter our strategy and business model at a scale and pace beyond our capacity to adjust if required. As described in more detail on the next page, we assess that generally we can manage IROs through policies, targets, and actions that fit within the context of our existing business model and strategy.