Sustainability We live in uncertain times, facing an unprecedented combination of economic, social and geopolitical challenges. ese are also times that offer incredible opportunities for companies with the courage, vision and determination to seek meaningful change. Marc Doyle, CEO Dear stakeholders, We live in uncertain times, facing an unprecedented combination of economic, social and geopolitical challenges. These are also times that oer incredible opportunities for companies with the courage, vision and determination to seek meaningful change. Driven by our purpose of using beer science to solve the world’s toughest preservation challenges, Arxada is targeting such change in three key areas: protecting and maintaining the health and wellbeing of people, extending the life of vital infrastructure and improving the health of our planet. In our first sustainability report as a standalone company, we are proud to report on our progress in 2022. This includes establishing our sustainability team, designing our strategy and framework, and seing bold and ambitious goals, with the aim of embedding sustainability into everything we do across our three pillars of Planet, Preservation and People. We have demonstrated our proactive focus on sustainability from day one as a company. Thanks to support from our owners, Bain Capital and Cinven, the carve-out of Arxada was partially financed through Sustainability-Linked Financial Instruments, a first of its kind for a private equity transaction. This commitment to reducing our environmental impact during our early growth stage was just the beginning. We have subsequently made several notable sustainable investments and sharpened our sustainability strategy. The aim is to help our customers adapt to long-term environmental and social change and develop more sustainable solutions while we actively decrease our environmental footprint. Planet In 2022, we completed our inventory of all Scope 1, Scope 2 and Scope 3 emissions. We also submied our science- based targets to the Science-Based Targets initiative (SBTi) for validation in 2023, establishing a net zero goal by 2050. Moreover, we are leveraging our manufacturing process technology expertise to deliver more ecient manufacturing processes for some of our key chemistries, focusing on lower carbon dioxide (CO ) and greenhouse gas 2 (GHG) emissions.