ESG Leadership

• Optimise recycled content in manufactured products
• Ethically source raw materials and products
• Progressively reduce our carbon footprint on a path to Net Zero by 2045
• Be a responsible neighbour, wherever we operate
• Minimise waste and usage of plastic packaging.

• Employee safety and welfare is always front of mind
• Live and breathe our values without compromise
• A diverse business, where people can be their true authentic selves
• Excel at developing people, by nurturing talent and always seeking to promote from within
• Fair in the way that we reward and manage our people.

• Integrity is the cornerstone of our business
• Fully transparent in the way that we operate and report
• Receptive and responsive to challenge and scrutiny by key stakeholders
• Constantly evaluating and mitigating risks to protect the business
• Always have one eye to the future, in order to comply with new legislation and deploy best practice.

• Received validation from the SBTi. Our near-term and long-term targets, and our overall ambition to reach Net Zero by 2045, have been validated as consistent with a 1.5ºC trajectory.
• Started embedding Alunet into our governance and risk management processes. Alunet CEO Steve Hudson now sits on our Executive Committee.
• Established Alunet’s full (Scope 1-3) emissions footprint. This has been incorporated into our emissions inventory, reported on pages 28 to 29.
• Incorporated Alunet into our climate-related risk analysis. This included assessing exposure to physical hazards across Alunet’s portfolio, and updating our assessment and quantification of climate-related risks with relevant Alunet inputs where possible. It has also informed our reporting against the recommendations of the Task Force on Climate-related Financial Disclosures (‘TCFD’).
• Continued to invest in carbon reduction initiatives to minimise our environmental impact. A new solar PV installation at our Head Office and Distribution Centre, alongside the installation completed in 2024 at our main extrusion site, yielded 1,200 MWh of electricity in 2025.
• Maintained a ‘B’ grade in our second Climate Change questionnaire to the CDP. We are pleased that we were again awarded a B grade (on a scale of A–D-) for Climate.
• Maintained our ‘AA’ rating from the MSCI. We also maintained our rating of AA (on a scale of AAA–CCC) in the MSCI ESG Ratings assessment.
• Developed a new health and safety strategy and framework. The framework is designed to move us towards an interdependent safety culture, driven by proactive behaviours, peer support and leadership visibility.
• Launched the Eurocell Colleague Forum. This comprises over 50 representatives from across the business, providing a mechanism for all colleagues to raise questions and suggestions to senior leadership through a series of local and national forum meetings each year.

• Re-baseline our near-term and Net Zero targets to the SBTi to capture to emissions associated with Alunet
• Update our Net Zero Transition Plan to include the emissions reduction actions necessary to incorporate Alunet into our Net Zero pathway
• Implement our new health and safety strategy and framework across the Group.

We will update our materiality assessment in 2026 to identify and incorporate Alunet’s sustainability risks and opportunities, and will prepare for alignment with the International Financial Reporting Standards S1 framework. The five most important issues identified by our materiality assessment remain:

• Health and safety: ensuring workforce wellness and safety
• Labour and human rights: ensuring fair working practices for our employees, including human rights
• Climate change and emissions: minimising our carbon emissions and our contribution to climate change
• Waste management: waste generated by our operations should be dealt with responsibly, including hazardous waste
• Product quality: selling products that are safe to use and of high quality.

Since our 2022 base year, we have achieved reductions across all three emissions scopes, due to decreased natural gas consumption (Scope 1), improved sourcing of renewable electricity (Scope 2 market-based) and decreased overall spend (Scope 3). We are also pleased to have met our interim target to send less than 5% of waste to landfill by 2025. However, the proportion of our waste recycled has unfortunately decreased in 2025, as we whilst we cleared by-product from our recycling sites and due to our waste providers preference for incineration.

Environmental – Circular economy and waste management

Environmental – Emissions, energy management and pollution

Social

^{Note: KPI performance data for 2024 and 2025 included in the table above is based on management estimates. 2025 data in the table above includes Alunet from the acquisition in March, unless marked with an asterisk where it is not included (due to the current availability of relevant data ).}