01<\/h5>\t\t\t\tIntroduction<\/h1>\t\t\t\t\t\t\t\t<\/div>\t\t\t<\/div>\t\t<\/div>\t<\/div>\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tHager\u2019s Human Sustainability prioritises employee health and safety, diversity, inclusion, development opportunities, and continuous learning.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t\tThis approach underscores that a sustainable future depends on both a healthy planet and thriving communities.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\t\t\t![](\"images\/articles\/introduction\/HG_VS_FH_042.webp\")
\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![](\"images\/articles\/introduction\/HG_VS_FH_042.jpg\")
\t\t\t\t\t<\/div>\t\t\t\t<\/div>\t\t\t<\/div>\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\tCelebrating 70 years<\/h1>\t\t\t\t
\t\t\tHager is proud to be celebrating our 70th anniversary in 2025. We are a family-owned business whose purpose is to help shape the electrical world of tomorrow, by offering solutions that combine safety, intelligence, and sustainability. \t\t<\/p>\t\t\t\t
\t\t\tSustainability is at the heart of all we do, and its importance for our business is equal only to our embrace of digital technology, and our absolute focus on superlative customer service. These three things are the foundations of our Project 2030 strategy. \t\t<\/p>\t\t\t\t
\t\t\tOur approach to sustainability has been to gradually build a reference framework which is as comprehensive as possible. Our Blue Planet Commitment (BPC) initiative has enabled us to establish fundamentals related to our environmental impact and, over the past few years, to make effective and transparent progress in this field. \t\t<\/p>\t\t\t\t
\t\t\tNow, in line with our commitment to responsible growth, our approach to sustainability is expanding in scope and strategic importance. At Hager we view sustainability as a collective effort, and to make the broadest impact will require collaboration across our entire value chain. \t\t<\/p>\t\t\t\t
\t\t\tAs a result we are working more closely than ever with stakeholders to foster shared progress. By deepening our partnerships with suppliers, customers and partners we co-develop solutions that are both competitive and environmentally responsible. This is reflected in the development of responsible sourcing, the promotion of circularity and support for innovative solutions. \t\t<\/p>\t\t\t\t
\t\t\tFurthermore, as part of Project 2030, a new dimension has been introduced to complement the existing BPC environmental sustainability measures. We call this Human Sustainability. \t\t<\/p>\t\t\t\t
\t\t\tOur new Human Sustainability programme reflects the values that Hager has lived and worked by since the business began 70 years ago. We believe that people \u2013 colleagues, suppliers, and business partners \u2013 are the key to sustainable transformation, and that their development contributes to sustainable growth. \t\t<\/p>\t\t\t\t
\t\t\tThis programme builds on the many initiatives already underway within our organisation, and draws on best practice for developing a working environment that empowers teams to create meaningful value. It puts health and safety, diversity and inclusion, development opportunities and continuous learning at the forefront. \t\t<\/p>\t\t\t\t
\t\t\tMost of all, Human Sustainability underlines our belief that a sustainable future depends not only on the planet\u2019s health, but also on healthy and fulfilling working environments, and on communities that bring these values to life in a spirit of daily collaboration. \t\t<\/p>\t\t\t\t
\t\t\tWe learn and grow, move forward and prosper together \u2013 always. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>
\t\t\t\t\t\t\t\t\t\t![](\"images\/articles\/introduction\/AdobeStock_1389204670.jpg\")
\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t01.1 \t\t<\/p>\t\t\t\t
Driving decarbonisation beyond our footprint<\/h2>\t\t\t\t
\t\t\tHager is one of the world\u2019s leading manufacturers and suppliers in the energy and electrical sectors. That puts us in an important position: we recognise the pivotal role we have to play in ensuring a sustainable future for our people, our communities and our planet; and we understand that we have a responsibility to use our knowledge, expertise and influence to contribute to positive change. \t\t<\/p>\t\t\t\t
\t\t\tIn addition to this, we are also able to use our commercial acumen in the interests of sustainability. For example, in 2024 Hager acquired advizeo, a leader in building energy management services and monitoring software. This is a strategic move to expand our energy efficiency offer to customers, which at the same time strengthens our commitment to innovative sustainability solutions. \t\t<\/p>\t\t\t\t
\t\t\tWe are also committed to achieving long-term climate goals through the development of strategies and products that promote zero-emissions buildings, elevated energy standards and a phased transition away from fossil fuel vehicles. Central to this is the implementation of digital and smart solutions that will contribute to a cleaner, safer and more sustainable economy and society. \t\t<\/p>\t\t\t\t
\t\t\tThe Hager collaborative value chain model uses a threefold approach to drive climate action, as illustrated in the diagram. \t\t<\/p>\t\t\t\t
\t\t\tThis integrated model aligns internal transformation with external value creation, activating climate mitigation across the entire ecosystem, from operations to partners and end-users. \t\t<\/p>\t\t\t\t
\t\t\tHager is also accelerating the decarbonisation of the built environment through strategic investments in digital energy management. By equipping buildings with intelligent software platforms we enable real-time monitoring, control, and optimisation of energy use, directly contributing to avoided emissions and more sustainable operations. \t\t<\/p>\t\t\t\t
\t\t\tIn 2024 Hager energy management systems enabled a total of 1,4 TWh of avoided energy consumption, equivalent to the annual electricity use of over 350.0001<\/sup> European households and 3782<\/sup> ktCO\u2082 in avoided emissions. These results have been achieved through the deployment of smart monitoring, automation, and optimisation technologies in thousands of buildings across Europe. \t\t<\/p>\t\t\t\t\t\t\t\tHager's threefold approach to drive climate action: <\/h4>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t01 \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tFirst, we lead by example, committing to science-based targets to decarbonise our own operations, thereby setting a benchmark for industrial climate responsibility. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t
<\/div>\t\t\t\t<\/div>\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t02 \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tSecond, we leverage our own energy management solutions, developed in-house, to optimise energy use and reduce emissions across our facilities. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t
<\/div>\t\t\t\t<\/div>\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t03 \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tThird, Hager scales its impact through our growing energy management business, offering smart, efficient solutions that enable customers to decarbonise buildings and accelerate the energy transition. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t
<\/div>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t![](\"images\/articles\/introduction\/HG_VS_RF_049.jpg\")
\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tIn our industry, the greatest climate impact we can make lies in enabling our stakeholders to reduce their own carbon footprint.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t\tThat\u2019s why leveraging avoided emissions\u00a0\u2013 those we help our customers to avoid\u00a0\u2013 is more critical than ever.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t\tWith our growing portfolio of energy management solutions, Hager is uniquely positioned to drive systemic decarbonisation. By embedding intelligence and efficiency into the built environment we\u2019re delivering progress through technology, and we\u2019re delivering measurable climate value too.\t\t\t\t<\/p>\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\t\t01.2 \t\t<\/p>\t\t\t\t
Sustainability achievements in 2024<\/h2>\t\t\t\t
\t\t\tAs we aspire to shape the electrical world of tomorrow, Hager consistently prioritises excellence in sustainable practices. In 2024 we have accelerated the integration of efficient energy solutions, both for our customers and in our production processes, and also reinforced a strong commitment to ethical business standards. \t\t<\/p>\t\t\t\t
\t\t\tThese achievements highlight our efforts to reduce our environmental impact, and our ambition to show leadership in sustainability. The highlights of our sustainability year are presented here. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t![](\"images\/articles\/introduction\/Matthieu-Alexandropolous-01-HG_AR_CM_0514.jpg\")
\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tAt Hager, celebrating 70 years means more than honouring our past, it means reaffirming our commitment to shaping a sustainable future.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t\tEvery innovation, every partnership and every milestone builds a legacy of sustainable development, weaving the Hager story together.\t\t\t\t<\/p>\t\t\t\t\t\t\t\t
<\/div>\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEnvironment<\/h4>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tActions for climate change, educating our people and offering sustainable products to our customers. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t20% reduction<\/em> in Scope 1 and 2 emissions from the 2021 baseline (location-based). \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t5 GWh<\/em> of our energy demand achieved from solar photovoltaic plants and biomass energy. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tOver 90%<\/em> of engineers from Engineering and Industrialisation are trained in eco-design. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tBi-directional charging<\/em> by E3\/DC launched into the market. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tRecycled PVC<\/em> integrated into the Tehalit SK skirting trunking system, to produce Eco Skirting Trunking. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t1,4 TWh in energy savings<\/em> from our solutions and energy management business equivalent to the annual electricity use of over 350.000 European households. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEquivalent to 378 ktCO\u2082e in avoided emissions. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEthics<\/h4>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tOperating true to our values \u2013 transparency, accountability and respect. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\tComprehensive ethics programme<\/em> in place; alert system, Ethics Charter, training, ambassador network. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t22 Ethics Ambassadors<\/em> in ten major countries of operation. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t3.000+ colleagues<\/em> trained via our bespoke programme \u201cLet\u2019s practice!\u201d \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t80% of connected employees<\/em> undergo ethics training. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEmployees<\/h4>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tCreating a safe and empowering environment for our workforce. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\tHuman Sustainability programme<\/em> launched as part of our Project 2030 strategy. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tEarly Careers and Eureka programmes<\/em> to support long-term succession planning and developing expert talent. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDeclaration of Principles on Respect for Human Rights<\/em> launched. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tDiversity Charter<\/em> signed with Charte de la diversit\u00e9, a French initiative to encourage companies to embrace diversity and inclusion in the workplace. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tLost Time Accident Rate (LTAR)<\/em> down 33% after the launch of Mission Zero Programme. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t30% of open positions<\/em> filled through internal mobility. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tSustainable procurement<\/h4>\t\t\t\t\t\t\t\t\t\t
\t\t\t\t\t\tPromoting sustainable practices and protecting human rights across the value chain. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t
\t\t\t\t\t\t\t\t\t\t\tSustainable procurement policy<\/em> rolled out; commitment to derisk supply chain from high sustainability risk suppliers by 2030. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t12 suppliers<\/em> onboarded in our sustainable sourcing pilot programme with EcoVadis. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t01.3 \t\t<\/p>\t\t\t\t
Sustainability reporting excellence<\/h2>\t\t\t\t
\t\t\t01.3.1 \t\t<\/p>\t\t\t\t
Commitment and approach<\/h3>\t\t\t\t
\t\t\tESRS 2 GOV-5 \u00a736 General disclosures
\t\t\tGRI 2-14 General disclosures \t\t<\/p>\t\t\t\t
\t\t\tReporting corporate sustainability in the most open and transparent way possible is fundamental to achieving our shared sustainability goals. Only through an honest assessment of our performance in this area can we hope to understand how far we have come, and how much more there is still to achieve. \t\t<\/p>\t\t\t\t
\t\t\tWe are fully committed to reporting diligently. We are accountable for our endeavours and seek to identify and address the risks and opportunities inherent in our business operations across both the financial and non-financial domains. \t\t<\/p>\t\t\t\t\t\t
\t\t\t![](\"images\/articles\/introduction\/250626Fete70Ans_19.jpg\")
\t\t\t\t\t\t\t70 years of Hager Celebration, Obernai, France \u2013 June 2025 \t\t\t<\/div>\t\t<\/div>\t\t\t\t\t\t\tOver a three-year period we have implemented a structured sustainability reporting excellence roadmap that has significantly enhanced our environmental, social and governance (ESG) reporting performance and transparency. We have focused on establishing a firm foundation by pioneering a double materiality assessment, benchmarking against EcoVadis and CDP criteria, and identifying any gaps in our sustainability practices. \t\t<\/p>\t\t\t\t
\t\t\tThis has enabled a strategic approach to sustainability, aligning internal stakeholders and setting clear improvement targets. The result has been two major achievements in 2024: \t\t<\/p>\t\t\t\t
\t\t\t- \t\t\t\tEcoVadis Platinum Medal\t\t\t<\/li>\t\t\t\t\t\t
- \t\t\t\tCDP B-Score in Climate Change\t\t\t<\/li>\t\t<\/ul>\t\t\t\t
\t\t\tTwo game-changers have been instrumental in elevating our reporting capability: the Data Governance 2.0 model, and our Sustainability Digital Backbone. \t\t<\/p>\t\t\t\t
\t\t\tData Governance 2.0 has enabled us to establish a robust, standardised framework for collecting, verifying, and validating sustainability data across the organisation. In the Hager Data Governance 2.0 framework every material sustainability datapoint is assigned both a Data Owner and a Data Specialist to ensure accountability and data integrity. \t\t<\/p>\t\t\t\t
\t\t\tThe Data Owner is responsible for the strategic relevance, compliance, and overall quality of data, typically holding a leadership role within the business function. The Data Specialist manages the technical accuracy and day-to-day handling of the data, ensuring it is collected, validated, and maintained correctly. This clear role definition strengthens the reliability of sustainability reporting and supports alignment with rigorous standards like CSRD and GRI. \t\t<\/p>\t\t\t\t
\t\t\tThe Sustainability Digital Backbone provides the technological infrastructure to automate data flows, integrate multiple reporting standards, and deliver real-time insights. This transforms reporting from a compliance exercise into a strategic asset. \t\t<\/p>\t\t\t\t
\t\t\tThe Hager Sustainability Digital Backbone is designed as an end-to-end system that supports the full data lifecycle, ensuring that sustainability data is not only collected and reported, but also actively used by all stakeholders to drive decision-making and continuous improvement. \t\t<\/p>\t\t\t\t
\t\t\tThis lifecycle model is designed to begin with data capture from diverse sources, such as energy meters, procurement systems and HR platforms. The data then flows through data validation, standardisation and integration, into a centralised platform. \t\t<\/p>\t\t\t\t
\t\t\tFrom there the data is made accessible to a wide range of users, including operational teams, sustainability managers, finance, and executive leadership, each having access to bespoke dashboards and analytics tools. This ensures that data is not siloed but shared across functions, enabling real-time insights, scenario modelling and strategic planning. \t\t<\/p>\t\t\t\t
\t\t\tThe insights that the overall reporting process yields have value far beyond transparency itself. The better we understand the effectiveness of our decision-making around sustainability, the better equipped we are as a business to shape our vision, formulate strategic approaches and prioritise ever-more effective sustainability initiatives. \t\t<\/p>\t\t\t\t
\t\t\tTo ensure credibility, transparency and alignment with our corporate strategy, sustainability reporting at Hager is overseen by the Sustainability Council, with direct involvement from the Chief Executive Officer (CEO), Chief Human Resource Officer (CHRO), and Chief Technical Officer (CTO). These senior executives review and approve the content of the sustainability report, reinforcing accountability at the highest governance level and ensuring that disclosures reflect both regulatory expectations and the company\u2019s strategic direction. \t\t<\/p>\t\t\t\t
\t\t\t01.3.2 \t\t<\/p>\t\t\t\t
Scope and external assurance<\/h3>\t\t\t\t
\t\t\tESRS 2 BP-1 \u00a75 General disclosures
\t\t\tGRI 2-2 and 2-5 General disclosures \t\t<\/p>\t\t\t\t
\t\t\tThis report provides data on sustainability performance for financial year 2024. Data is prepared using an operational consolidation approach consistent with the scope of Hager annual financial statements. \t\t<\/p>\t\t\t\t
\t\t\tThe report covers our own operations as well as significant upstream and downstream activities in our value chain where material impacts, risks and opportunities occur. Upstream includes our direct and indirect suppliers, covering procurement of raw material, components and services. Downstream, includes the distribution, installation, use phase and end-of-life management of our products. \t\t<\/p>\t\t\t\t
\t\t\tAs part of our commitment to transparency and stakeholder engagement, all relevant standards referenced within this report are clearly indicated in the reporting text. A consolidation of these standards and disclosure topics is highlighted in the content index. \t\t<\/p>\t\t\t\t
\t\t\tThis year we have also engaged Forvis Mazars, an independent external auditor, to conduct a limited assurance engagement of our carbon footprint for the baseline year 2021 and reporting year 2024. \t\t<\/p>\t\t\t\t
\t\t\tThe limited assurance engagement with Forvis Mazars is an important step towards enhancing the credibility and transparency of our sustainability disclosures. This also ensures the progressive alignment of our sustainability reporting practice with CSRD and ESRS requirements. The results of this assurance engagement are included on the next page of this report. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t
\t\t\t01.3.3 \t\t<\/p>\t\t\t\t
Frameworks and standards<\/h3>\t\t\t\t
\t\t\tESRS 2 BP-2 \u00a715 General disclosures \t\t<\/p>\t\t\t\t
\t\t\tThis year Hager is reporting in accordance with Global Reporting Initiative (GRI) standards and with reference to European Sustainability Reporting Standards (ESRS). Hager has reported in accordance with GRI standards since our 2023 reporting cycle. \t\t<\/p>\t\t\t\t
\t\t\tBy applying the GRI standards we ensure that our disclosures are consistent, transparent, and comparable year-on-year. The GRI methodology requires us to identify and prioritise material topics through a structured process involving stakeholder engagement and double materiality assessment. \t\t<\/p>\t\t\t\t
\t\t\tThis results in reporting that better addresses the expectations of our stakeholders and the requirements of emerging regulations, including the CSRD. \t\t<\/p>\t\t\t\t
\t\t\tIn February 2025 the European Commission introduced an Omnibus Simplification Package aimed at reducing regulatory burdens, including easing certain sustainability reporting requirements. One important element is the \u201cstop-the-clock\u201d mechanism, which postpones CSRD reporting deadlines for the second and third wave of companies by two years. \t\t<\/p>\t\t\t\t
\t\t\tThis measure was approved by the European Parliament in April 2025 and subsequently by the Council. \t\t<\/p>\t\t\t\t
\t\t\tAccording to the previous CSRD timeline, Hager would have been required to begin reporting for the 2025 financial year, with disclosures published in 2026. Due to the postponement this obligation is now potentially delayed by two years. \t\t<\/p>\t\t\t\t
\t\t\tNevertheless, we reaffirm our commitment to excellence by reporting according to the highest standards available to us on a voluntary basis, thereby ensuring continuous progress towards, and readiness for, enhanced sustainability disclosures. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t
<\/div>\t\t\t\t\t\t\t\t\t\t\t\tIndependent practitioner\u2019s report on a limited assurance engagement on greenhouse gas emissions<\/h4>\t\t\t\t
\t\t\tTo Hager SE, Blieskastel \t\t<\/p>\t\t\t\t
Assurance conclusion<\/h6>\t\t\t\t
\t\t\tWe have performed a limited assurance engagement on the performance indicators for greenhouse gas emissions (Scope 1, Scope 2 and Scope 3) of Hager SE, Blieskastel (hereinafter the \u201cCompany\u201d) for the period from 1 January 2024 to 31 December 2024 and for the baseline period from 1 January 2021 to 31 December 2021, included in the Hager Group Sustainability Report 2024\/25 in section 06.2.4 \u201cOur carbon footprint\u201d (hereinafter the \u201cgreenhouse gas emissions\u201d). \t\t<\/p>\t\t\t\t
\t\t\tOther than as described in the preceding paragraph, which sets out the scope of our engagement, we did not perform assurance procedures on the remaining information included in the Hager Group Sustainability Report 2024\/25 as well as on disclosures for fiscal years 2022 and 2023, and accordingly, we do not express a conclusion on this information. \t\t<\/p>\t\t\t\t
\t\t\tBased on the assurance procedures performed and the evidence obtained, nothing has come to our attention that causes us to believe that the greenhouse gas emissions (Scope 1, Scope 2 and Scope 3) of the Company for the period from 1 January 2024 to 31 December 2024 and for the baseline period from 1 January 2021 to 31 December 2021 are not prepared, in all material respects, in accordance with the \u201cA Corporate Accounting and Reporting Standard \u2013 Revised Edition\u201d and the \u201cCorporate Value Chain (Scope 3) Accounting and Reporting Standard\u201d of the Greenhouse Gas Protocol Initiative (hereinafter the \u201cGHG Protocol\u201d). \t\t<\/p>\t\t\t\t
Basis for the conclusion<\/h6>\t\t\t\t
\t\t\tWe conducted our assurance engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3410: \u201cAssurance Engagements on Greenhouse Gas Statements\u201d, issued by the International Auditing and Assurance Standards Board (IAASB). Our responsibility is further described in the section \u201cPractitioner\u2019s responsibility for the limited assurance engagement on greenhouse gas emissions\u201d. \t\t<\/p>\t\t\t\t
\t\t\tWe have complied with the German professional requirements on independence as well as other professional conduct requirements. Our audit firm applies the national legal requirements and professional pronouncements \u2013 in particular the BS WP\/vBP \u201cBerufssatzung f\u00fcr Wirtschaftspr\u00fcfer\/vereidigte Buchpr\u00fcfer\u201d: Professional Charter for German Public Accountants\/German Sworn Auditors in the exercise of their Profession and the IDW Standard on Quality Management issued by the Institute of Public Auditors in Germany (IDW): Requirements for Quality Management in the Audit Firm (IDW QMS 1 (09.2022) and accordingly maintains a comprehensive quality management system that includes documented policies and procedures with regard to compliance with professional ethical requirements, professional standards as well as relevant statutory and other legal requirements. \t\t<\/p>\t\t\t\t
\t\t\tWe believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our assurance conclusion. \t\t<\/p>\t\t\t\t
Responsibilities of the legal representatives for greenhouse gas emissions<\/h6>\t\t\t\t
\t\t\tThe legal representatives are responsible for the preparation of the greenhouse gas emissions in accordance with the GHG Protocol, applied as explained in section 06.2.4.1 \u201cMethodology\u201d, as well as for such internal control as the legal representatives consider necessary to enable the preparation of greenhouse gas emissions that are free from material misstatement, whether due to fraud (manipulation of the greenhouse gas emissions) or error. \t\t<\/p>\t\t\t\t
\t\t\tThese responsibility of the legal representatives includes the selection and application of appropriate methods to prepare the greenhouse gas emissions as well as making assumptions and estimates about individual disclosures that are reasonable under the given circumstances. \t\t<\/p>\t\t\t\t
\t\t\tAs discussed in section 06.2.4.1 \u201cMethodology\u201d, the quantification of greenhouse gases is subject to inherent uncertainties because the scientific knowledge needed to determine the emission factors and the values required to combine the emissions of different gases is incomplete. In addition, greenhouse gas processes are subject to uncertainties in estimation and\/or measurement, resulting from the measurement and calculation processes used to quantify emissions within the existing scientific knowledge. \t\t<\/p>\t\t\t\t
Practitioner\u2019s responsibility for the limited assurance engagement on greenhouse gas emissions<\/h6>\t\t\t\t
\t\t\tOur objective is to express a conclusion with limited assurance, based on our limited assurance engagement performed, as to whether any matters have come to our attention that cause us to believe that the greenhouse gas emissions have not been prepared, in all material respects, in accordance with the GHG Protocol. \t\t<\/p>\t\t\t\t
\t\t\tThe nature, timing and extent of the procedures selected depend on our professional judgement, including an assessment of the risk of material misstatement whether due to fraud or error, responding the assessed risks as necessary in the circumstances, and evaluating the overall presentation. A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks. \t\t<\/p>\t\t\t\t
\t\t\tWithin the scope of our limited assurance engagement, we performed the following assurance procedures and other activities, among others: \t\t<\/p>\t\t\t\t
\t\t\t- \t\t\t\tInquiries of the legal representatives and relevant personnel involved in the preparation of the performance indicators for greenhouse gas emissions to gain an understanding of the preparation process, the internal controls related to that process and the disclosures on the performance indicators for greenhouse gas emissions,\t\t\t<\/li>\t\t\t\t\t\t
- \t\t\t\tIdentifying and assessing the risk of material misstatements in the greenhouse gas emissions,\t\t\t<\/li>\t\t\t\t\t\t
- \t\t\t\tEvaluating the reasonableness of estimates made by the legal representatives and the related explanations,\t\t\t<\/li>\t\t\t\t\t\t
- \t\t\t\tInspection of the relevant documentation of the systems and processes for collecting, aggregating and validating data in the reporting period,\t\t\t<\/li>\t\t\t\t\t\t
- \t\t\t\tPerforming analytical assurance procedures on selected disclosures,\t\t\t<\/li>\t\t\t\t\t\t
- \t\t\t\tAssessment of the overall presentation of the performance indicators on greenhouse gas emissions in the Sustainability Report.\t\t\t<\/li>\t\t<\/ul>\t\t\t\t
Restriction of use <\/h6>\t\t\t\t
\t\t\tWe draw attention to the fact that the assurance engagement was conducted for the Company\u2019s purposes and that the report is intended solely to inform the Company about the result of the assurance engagement. Consequently, it is not suitable for any other purpose than the aforementioned. Thus, the report is not intended to be used by third parties for making (financial) decisions based on it. Our responsibility is to the Company alone. We do not accept any responsibility towards third parties. \t\t<\/p>\t\t\t\t
General engagement terms and liability <\/h6>\t\t\t\t
\t\t\t\t\tHager\u2019s Human Sustainability prioritises employee health and safety, diversity, inclusion, development opportunities, and continuous learning.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t\tThis approach underscores that a sustainable future depends on both a healthy planet and thriving communities.\t\t\t\t<\/p>\t\t\t\t
\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\t\t\t\t<\/div>\t\t\t<\/div>\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\tCelebrating 70 years<\/h1>\t\t\t\t
\t\t\tHager is proud to be celebrating our 70th anniversary in 2025. We are a family-owned business whose purpose is to help shape the electrical world of tomorrow, by offering solutions that combine safety, intelligence, and sustainability. \t\t<\/p>\t\t\t\t
\t\t\tSustainability is at the heart of all we do, and its importance for our business is equal only to our embrace of digital technology, and our absolute focus on superlative customer service. These three things are the foundations of our Project 2030 strategy. \t\t<\/p>\t\t\t\t
\t\t\tOur approach to sustainability has been to gradually build a reference framework which is as comprehensive as possible. Our Blue Planet Commitment (BPC) initiative has enabled us to establish fundamentals related to our environmental impact and, over the past few years, to make effective and transparent progress in this field. \t\t<\/p>\t\t\t\t
\t\t\tNow, in line with our commitment to responsible growth, our approach to sustainability is expanding in scope and strategic importance. At Hager we view sustainability as a collective effort, and to make the broadest impact will require collaboration across our entire value chain. \t\t<\/p>\t\t\t\t
\t\t\tAs a result we are working more closely than ever with stakeholders to foster shared progress. By deepening our partnerships with suppliers, customers and partners we co-develop solutions that are both competitive and environmentally responsible. This is reflected in the development of responsible sourcing, the promotion of circularity and support for innovative solutions. \t\t<\/p>\t\t\t\t
\t\t\tFurthermore, as part of Project 2030, a new dimension has been introduced to complement the existing BPC environmental sustainability measures. We call this Human Sustainability. \t\t<\/p>\t\t\t\t
\t\t\tOur new Human Sustainability programme reflects the values that Hager has lived and worked by since the business began 70 years ago. We believe that people \u2013 colleagues, suppliers, and business partners \u2013 are the key to sustainable transformation, and that their development contributes to sustainable growth. \t\t<\/p>\t\t\t\t
\t\t\tThis programme builds on the many initiatives already underway within our organisation, and draws on best practice for developing a working environment that empowers teams to create meaningful value. It puts health and safety, diversity and inclusion, development opportunities and continuous learning at the forefront. \t\t<\/p>\t\t\t\t
\t\t\tMost of all, Human Sustainability underlines our belief that a sustainable future depends not only on the planet\u2019s health, but also on healthy and fulfilling working environments, and on communities that bring these values to life in a spirit of daily collaboration. \t\t<\/p>\t\t\t\t
\t\t\tWe learn and grow, move forward and prosper together \u2013 always. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div><\/div>
\t\t<\/div>\t\t\t\t\t\t\t\t\t\t\t\t\t01.1 \t\t<\/p>\t\t\t\t
Driving decarbonisation beyond our footprint<\/h2>\t\t\t\t
\t\t\tHager is one of the world\u2019s leading manufacturers and suppliers in the energy and electrical sectors. That puts us in an important position: we recognise the pivotal role we have to play in ensuring a sustainable future for our people, our communities and our planet; and we understand that we have a responsibility to use our knowledge, expertise and influence to contribute to positive change. \t\t<\/p>\t\t\t\t
\t\t\tIn addition to this, we are also able to use our commercial acumen in the interests of sustainability. For example, in 2024 Hager acquired advizeo, a leader in building energy management services and monitoring software. This is a strategic move to expand our energy efficiency offer to customers, which at the same time strengthens our commitment to innovative sustainability solutions. \t\t<\/p>\t\t\t\t
\t\t\tWe are also committed to achieving long-term climate goals through the development of strategies and products that promote zero-emissions buildings, elevated energy standards and a phased transition away from fossil fuel vehicles. Central to this is the implementation of digital and smart solutions that will contribute to a cleaner, safer and more sustainable economy and society. \t\t<\/p>\t\t\t\t
\t\t\tThe Hager collaborative value chain model uses a threefold approach to drive climate action, as illustrated in the diagram. \t\t<\/p>\t\t\t\t
\t\t\tThis integrated model aligns internal transformation with external value creation, activating climate mitigation across the entire ecosystem, from operations to partners and end-users. \t\t<\/p>\t\t\t\t
\t\t\tHager is also accelerating the decarbonisation of the built environment through strategic investments in digital energy management. By equipping buildings with intelligent software platforms we enable real-time monitoring, control, and optimisation of energy use, directly contributing to avoided emissions and more sustainable operations. \t\t<\/p>\t\t\t\t
\t\t\tIn 2024 Hager energy management systems enabled a total of 1,4 TWh of avoided energy consumption, equivalent to the annual electricity use of over 350.0001<\/sup> European households and 3782<\/sup> ktCO\u2082 in avoided emissions. These results have been achieved through the deployment of smart monitoring, automation, and optimisation technologies in thousands of buildings across Europe. \t\t<\/p>\t\t\t\t\t\t\t\t \t\t\t\t\t\t01 \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tFirst, we lead by example, committing to science-based targets to decarbonise our own operations, thereby setting a benchmark for industrial climate responsibility. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t02 \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tSecond, we leverage our own energy management solutions, developed in-house, to optimise energy use and reduce emissions across our facilities. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t03 \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tThird, Hager scales its impact through our growing energy management business, offering smart, efficient solutions that enable customers to decarbonise buildings and accelerate the energy transition. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\tIn our industry, the greatest climate impact we can make lies in enabling our stakeholders to reduce their own carbon footprint.\t\t\t\t<\/p>\t\t\t\t \t\t\t\t\tThat\u2019s why leveraging avoided emissions\u00a0\u2013 those we help our customers to avoid\u00a0\u2013 is more critical than ever.\t\t\t\t<\/p>\t\t\t\t \t\t\t\t\tWith our growing portfolio of energy management solutions, Hager is uniquely positioned to drive systemic decarbonisation. By embedding intelligence and efficiency into the built environment we\u2019re delivering progress through technology, and we\u2019re delivering measurable climate value too.\t\t\t\t<\/p>\t\t\t\t\t\t\t\t \t\t\t01.2 \t\t<\/p>\t\t\t\t \t\t\tAs we aspire to shape the electrical world of tomorrow, Hager consistently prioritises excellence in sustainable practices. In 2024 we have accelerated the integration of efficient energy solutions, both for our customers and in our production processes, and also reinforced a strong commitment to ethical business standards. \t\t<\/p>\t\t\t\t \t\t\tThese achievements highlight our efforts to reduce our environmental impact, and our ambition to show leadership in sustainability. The highlights of our sustainability year are presented here. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\tAt Hager, celebrating 70 years means more than honouring our past, it means reaffirming our commitment to shaping a sustainable future.\t\t\t\t<\/p>\t\t\t\t \t\t\t\t\tEvery innovation, every partnership and every milestone builds a legacy of sustainable development, weaving the Hager story together.\t\t\t\t<\/p>\t\t\t\t\t\t\t\t \t\t\t\t\t\tActions for climate change, educating our people and offering sustainable products to our customers. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\t20% reduction<\/em> in Scope 1 and 2 emissions from the 2021 baseline (location-based). \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t5 GWh<\/em> of our energy demand achieved from solar photovoltaic plants and biomass energy. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\tOver 90%<\/em> of engineers from Engineering and Industrialisation are trained in eco-design. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tBi-directional charging<\/em> by E3\/DC launched into the market. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tRecycled PVC<\/em> integrated into the Tehalit SK skirting trunking system, to produce Eco Skirting Trunking. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\t1,4 TWh in energy savings<\/em> from our solutions and energy management business equivalent to the annual electricity use of over 350.000 European households. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tEquivalent to 378 ktCO\u2082e in avoided emissions. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tOperating true to our values \u2013 transparency, accountability and respect. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\tComprehensive ethics programme<\/em> in place; alert system, Ethics Charter, training, ambassador network. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\t22 Ethics Ambassadors<\/em> in ten major countries of operation. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\t3.000+ colleagues<\/em> trained via our bespoke programme \u201cLet\u2019s practice!\u201d \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t80% of connected employees<\/em> undergo ethics training. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tCreating a safe and empowering environment for our workforce. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\tHuman Sustainability programme<\/em> launched as part of our Project 2030 strategy. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tEarly Careers and Eureka programmes<\/em> to support long-term succession planning and developing expert talent. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\tDeclaration of Principles on Respect for Human Rights<\/em> launched. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tDiversity Charter<\/em> signed with Charte de la diversit\u00e9, a French initiative to encourage companies to embrace diversity and inclusion in the workplace. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\tLost Time Accident Rate (LTAR)<\/em> down 33% after the launch of Mission Zero Programme. \t\t\t\t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\t\t\t\t30% of open positions<\/em> filled through internal mobility. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t<\/div>\t\t\t\t\t\t\t\t\t \t\t\t\t\t\tPromoting sustainable practices and protecting human rights across the value chain. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\tSustainable procurement policy<\/em> rolled out; commitment to derisk supply chain from high sustainability risk suppliers by 2030. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t\t\t\t12 suppliers<\/em> onboarded in our sustainable sourcing pilot programme with EcoVadis. \t\t\t\t\t<\/p>\t\t\t\t<\/div>\t\t\t\t\t\t\t\t \t\t\t01.3 \t\t<\/p>\t\t\t\t \t\t\t01.3.1 \t\t<\/p>\t\t\t\t \t\t\tESRS 2 GOV-5 \u00a736 General disclosures \t\t\tReporting corporate sustainability in the most open and transparent way possible is fundamental to achieving our shared sustainability goals. Only through an honest assessment of our performance in this area can we hope to understand how far we have come, and how much more there is still to achieve. \t\t<\/p>\t\t\t\t \t\t\tWe are fully committed to reporting diligently. We are accountable for our endeavours and seek to identify and address the risks and opportunities inherent in our business operations across both the financial and non-financial domains. \t\t<\/p>\t\t\t\t\t\t \t\t\tOver a three-year period we have implemented a structured sustainability reporting excellence roadmap that has significantly enhanced our environmental, social and governance (ESG) reporting performance and transparency. We have focused on establishing a firm foundation by pioneering a double materiality assessment, benchmarking against EcoVadis and CDP criteria, and identifying any gaps in our sustainability practices. \t\t<\/p>\t\t\t\t \t\t\tThis has enabled a strategic approach to sustainability, aligning internal stakeholders and setting clear improvement targets. The result has been two major achievements in 2024: \t\t<\/p>\t\t\t\t \t\t\tTwo game-changers have been instrumental in elevating our reporting capability: the Data Governance 2.0 model, and our Sustainability Digital Backbone. \t\t<\/p>\t\t\t\t \t\t\tData Governance 2.0 has enabled us to establish a robust, standardised framework for collecting, verifying, and validating sustainability data across the organisation. In the Hager Data Governance 2.0 framework every material sustainability datapoint is assigned both a Data Owner and a Data Specialist to ensure accountability and data integrity. \t\t<\/p>\t\t\t\t \t\t\tThe Data Owner is responsible for the strategic relevance, compliance, and overall quality of data, typically holding a leadership role within the business function. The Data Specialist manages the technical accuracy and day-to-day handling of the data, ensuring it is collected, validated, and maintained correctly. This clear role definition strengthens the reliability of sustainability reporting and supports alignment with rigorous standards like CSRD and GRI. \t\t<\/p>\t\t\t\t \t\t\tThe Sustainability Digital Backbone provides the technological infrastructure to automate data flows, integrate multiple reporting standards, and deliver real-time insights. This transforms reporting from a compliance exercise into a strategic asset. \t\t<\/p>\t\t\t\t \t\t\tThe Hager Sustainability Digital Backbone is designed as an end-to-end system that supports the full data lifecycle, ensuring that sustainability data is not only collected and reported, but also actively used by all stakeholders to drive decision-making and continuous improvement. \t\t<\/p>\t\t\t\t \t\t\tThis lifecycle model is designed to begin with data capture from diverse sources, such as energy meters, procurement systems and HR platforms. The data then flows through data validation, standardisation and integration, into a centralised platform. \t\t<\/p>\t\t\t\t \t\t\tFrom there the data is made accessible to a wide range of users, including operational teams, sustainability managers, finance, and executive leadership, each having access to bespoke dashboards and analytics tools. This ensures that data is not siloed but shared across functions, enabling real-time insights, scenario modelling and strategic planning. \t\t<\/p>\t\t\t\t \t\t\tThe insights that the overall reporting process yields have value far beyond transparency itself. The better we understand the effectiveness of our decision-making around sustainability, the better equipped we are as a business to shape our vision, formulate strategic approaches and prioritise ever-more effective sustainability initiatives. \t\t<\/p>\t\t\t\t \t\t\tTo ensure credibility, transparency and alignment with our corporate strategy, sustainability reporting at Hager is overseen by the Sustainability Council, with direct involvement from the Chief Executive Officer (CEO), Chief Human Resource Officer (CHRO), and Chief Technical Officer (CTO). These senior executives review and approve the content of the sustainability report, reinforcing accountability at the highest governance level and ensuring that disclosures reflect both regulatory expectations and the company\u2019s strategic direction. \t\t<\/p>\t\t\t\t \t\t\t01.3.2 \t\t<\/p>\t\t\t\t \t\t\tESRS 2 BP-1 \u00a75 General disclosures \t\t\tThis report provides data on sustainability performance for financial year 2024. Data is prepared using an operational consolidation approach consistent with the scope of Hager annual financial statements. \t\t<\/p>\t\t\t\t \t\t\tThe report covers our own operations as well as significant upstream and downstream activities in our value chain where material impacts, risks and opportunities occur. Upstream includes our direct and indirect suppliers, covering procurement of raw material, components and services. Downstream, includes the distribution, installation, use phase and end-of-life management of our products. \t\t<\/p>\t\t\t\t \t\t\tAs part of our commitment to transparency and stakeholder engagement, all relevant standards referenced within this report are clearly indicated in the reporting text. A consolidation of these standards and disclosure topics is highlighted in the content index. \t\t<\/p>\t\t\t\t \t\t\tThis year we have also engaged Forvis Mazars, an independent external auditor, to conduct a limited assurance engagement of our carbon footprint for the baseline year 2021 and reporting year 2024. \t\t<\/p>\t\t\t\t \t\t\tThe limited assurance engagement with Forvis Mazars is an important step towards enhancing the credibility and transparency of our sustainability disclosures. This also ensures the progressive alignment of our sustainability reporting practice with CSRD and ESRS requirements. The results of this assurance engagement are included on the next page of this report. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t \t\t\t01.3.3 \t\t<\/p>\t\t\t\t \t\t\tESRS 2 BP-2 \u00a715 General disclosures \t\t<\/p>\t\t\t\t \t\t\tThis year Hager is reporting in accordance with Global Reporting Initiative (GRI) standards and with reference to European Sustainability Reporting Standards (ESRS). Hager has reported in accordance with GRI standards since our 2023 reporting cycle. \t\t<\/p>\t\t\t\t \t\t\tBy applying the GRI standards we ensure that our disclosures are consistent, transparent, and comparable year-on-year. The GRI methodology requires us to identify and prioritise material topics through a structured process involving stakeholder engagement and double materiality assessment. \t\t<\/p>\t\t\t\t \t\t\tThis results in reporting that better addresses the expectations of our stakeholders and the requirements of emerging regulations, including the CSRD. \t\t<\/p>\t\t\t\t \t\t\tIn February 2025 the European Commission introduced an Omnibus Simplification Package aimed at reducing regulatory burdens, including easing certain sustainability reporting requirements. One important element is the \u201cstop-the-clock\u201d mechanism, which postpones CSRD reporting deadlines for the second and third wave of companies by two years. \t\t<\/p>\t\t\t\t \t\t\tThis measure was approved by the European Parliament in April 2025 and subsequently by the Council. \t\t<\/p>\t\t\t\t \t\t\tAccording to the previous CSRD timeline, Hager would have been required to begin reporting for the 2025 financial year, with disclosures published in 2026. Due to the postponement this obligation is now potentially delayed by two years. \t\t<\/p>\t\t\t\t \t\t\tNevertheless, we reaffirm our commitment to excellence by reporting according to the highest standards available to us on a voluntary basis, thereby ensuring continuous progress towards, and readiness for, enhanced sustainability disclosures. \t\t<\/p>\t\t\t\t\t\t\t\t\t\t \t\t\tTo Hager SE, Blieskastel \t\t<\/p>\t\t\t\t \t\t\tWe have performed a limited assurance engagement on the performance indicators for greenhouse gas emissions (Scope 1, Scope 2 and Scope 3) of Hager SE, Blieskastel (hereinafter the \u201cCompany\u201d) for the period from 1 January 2024 to 31 December 2024 and for the baseline period from 1 January 2021 to 31 December 2021, included in the Hager Group Sustainability Report 2024\/25 in section 06.2.4 \u201cOur carbon footprint\u201d (hereinafter the \u201cgreenhouse gas emissions\u201d). \t\t<\/p>\t\t\t\t \t\t\tOther than as described in the preceding paragraph, which sets out the scope of our engagement, we did not perform assurance procedures on the remaining information included in the Hager Group Sustainability Report 2024\/25 as well as on disclosures for fiscal years 2022 and 2023, and accordingly, we do not express a conclusion on this information. \t\t<\/p>\t\t\t\t \t\t\tBased on the assurance procedures performed and the evidence obtained, nothing has come to our attention that causes us to believe that the greenhouse gas emissions (Scope 1, Scope 2 and Scope 3) of the Company for the period from 1 January 2024 to 31 December 2024 and for the baseline period from 1 January 2021 to 31 December 2021 are not prepared, in all material respects, in accordance with the \u201cA Corporate Accounting and Reporting Standard \u2013 Revised Edition\u201d and the \u201cCorporate Value Chain (Scope 3) Accounting and Reporting Standard\u201d of the Greenhouse Gas Protocol Initiative (hereinafter the \u201cGHG Protocol\u201d). \t\t<\/p>\t\t\t\t \t\t\tWe conducted our assurance engagement in accordance with the International Standard on Assurance Engagements (ISAE) 3410: \u201cAssurance Engagements on Greenhouse Gas Statements\u201d, issued by the International Auditing and Assurance Standards Board (IAASB). Our responsibility is further described in the section \u201cPractitioner\u2019s responsibility for the limited assurance engagement on greenhouse gas emissions\u201d. \t\t<\/p>\t\t\t\t \t\t\tWe have complied with the German professional requirements on independence as well as other professional conduct requirements. Our audit firm applies the national legal requirements and professional pronouncements \u2013 in particular the BS WP\/vBP \u201cBerufssatzung f\u00fcr Wirtschaftspr\u00fcfer\/vereidigte Buchpr\u00fcfer\u201d: Professional Charter for German Public Accountants\/German Sworn Auditors in the exercise of their Profession and the IDW Standard on Quality Management issued by the Institute of Public Auditors in Germany (IDW): Requirements for Quality Management in the Audit Firm (IDW QMS 1 (09.2022) and accordingly maintains a comprehensive quality management system that includes documented policies and procedures with regard to compliance with professional ethical requirements, professional standards as well as relevant statutory and other legal requirements. \t\t<\/p>\t\t\t\t \t\t\tWe believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our assurance conclusion. \t\t<\/p>\t\t\t\t \t\t\tThe legal representatives are responsible for the preparation of the greenhouse gas emissions in accordance with the GHG Protocol, applied as explained in section 06.2.4.1 \u201cMethodology\u201d, as well as for such internal control as the legal representatives consider necessary to enable the preparation of greenhouse gas emissions that are free from material misstatement, whether due to fraud (manipulation of the greenhouse gas emissions) or error. \t\t<\/p>\t\t\t\t \t\t\tThese responsibility of the legal representatives includes the selection and application of appropriate methods to prepare the greenhouse gas emissions as well as making assumptions and estimates about individual disclosures that are reasonable under the given circumstances. \t\t<\/p>\t\t\t\t \t\t\tAs discussed in section 06.2.4.1 \u201cMethodology\u201d, the quantification of greenhouse gases is subject to inherent uncertainties because the scientific knowledge needed to determine the emission factors and the values required to combine the emissions of different gases is incomplete. In addition, greenhouse gas processes are subject to uncertainties in estimation and\/or measurement, resulting from the measurement and calculation processes used to quantify emissions within the existing scientific knowledge. \t\t<\/p>\t\t\t\t \t\t\tOur objective is to express a conclusion with limited assurance, based on our limited assurance engagement performed, as to whether any matters have come to our attention that cause us to believe that the greenhouse gas emissions have not been prepared, in all material respects, in accordance with the GHG Protocol. \t\t<\/p>\t\t\t\t \t\t\tThe nature, timing and extent of the procedures selected depend on our professional judgement, including an assessment of the risk of material misstatement whether due to fraud or error, responding the assessed risks as necessary in the circumstances, and evaluating the overall presentation. A limited assurance engagement is substantially less in scope than a reasonable assurance engagement in relation to both the risk assessment procedures, including an understanding of internal control, and the procedures performed in response to the assessed risks. \t\t<\/p>\t\t\t\t \t\t\tWithin the scope of our limited assurance engagement, we performed the following assurance procedures and other activities, among others: \t\t<\/p>\t\t\t\t \t\t\tWe draw attention to the fact that the assurance engagement was conducted for the Company\u2019s purposes and that the report is intended solely to inform the Company about the result of the assurance engagement. Consequently, it is not suitable for any other purpose than the aforementioned. Thus, the report is not intended to be used by third parties for making (financial) decisions based on it. Our responsibility is to the Company alone. We do not accept any responsibility towards third parties. \t\t<\/p>\t\t\t\tHager's threefold approach to drive climate action: <\/h4>\t\t\t\t\t\t
\t\t\t<\/div>\t\t\t\t\t\tSustainability achievements in 2024<\/h2>\t\t\t\t
\t\t\t<\/div>\t\t\t\t\t\tEnvironment<\/h4>\t\t\t\t\t\t\t\t\t\t
Ethics<\/h4>\t\t\t\t\t\t\t\t\t\t
Employees<\/h4>\t\t\t\t\t\t\t\t\t\t
Sustainable procurement<\/h4>\t\t\t\t\t\t\t\t\t\t
Sustainability reporting excellence<\/h2>\t\t\t\t
Commitment and approach<\/h3>\t\t\t\t
\t\t\tGRI 2-14 General disclosures \t\t<\/p>\t\t\t\t\t\t\t\t\t\t
Scope and external assurance<\/h3>\t\t\t\t
\t\t\tGRI 2-2 and 2-5 General disclosures \t\t<\/p>\t\t\t\tFrameworks and standards<\/h3>\t\t\t\t
Independent practitioner\u2019s report on a limited assurance engagement on greenhouse gas emissions<\/h4>\t\t\t\t
Assurance conclusion<\/h6>\t\t\t\t
Basis for the conclusion<\/h6>\t\t\t\t
Responsibilities of the legal representatives for greenhouse gas emissions<\/h6>\t\t\t\t
Practitioner\u2019s responsibility for the limited assurance engagement on greenhouse gas emissions<\/h6>\t\t\t\t
\t\t\t
Restriction of use <\/h6>\t\t\t\t
General engagement terms and liability <\/h6>\t\t\t\t
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