Since January 1, 2021, URW has been subject to the EU Environmental Taxonomy Regulation. The EU Taxonomy introduces a unified classification system to determine the sustainability level of investments, in order to drive capital towards financing the EU environmental transition. The sustainability of a financial vehicle is determined by the share of sustainable economic activities it finances in its portfolio. Consequently, all economic activities listed in the scope of the EU Taxonomy (i.e., 'eligible' activities) are to be screened for their environmental impacts, based on the environmental criteria ('Technical Screening Criteria' (TSC)) defined in the EU Taxonomy Delegated Acts.

The processes to identify and assess material impacts, risks, and opportunities associated with resource use and the circular economy are described in sections 3.2.1.D.1 and 6.1.2 Group Enterprise Risk Management framework. The policies in place in relation to resource use and circular economy include the Environmental management policy, Circular economy framework, and Waste management policy. These policies involve stakeholders such as the Group sustainability team, the corporate technical team (PMPS team), the corporate development teams, the technical and development local country teams, and the asset teams. The policies are for internal purposes only.