Huhtamäki (HUH1V) ESG update summary

Climate and environmental progress

• Updated climate targets to align with the 1.5°C trajectory for Scope 1 and 2 emissions, increasing ambition for GHG reductions.

• Achieved 60.6% renewable electricity at group level, reducing Scope 1 and 2 emissions by 4.5%.

• 84.6% of non-hazardous waste recycled, reducing landfill waste to 4.7%.

• 98.8% of fiber used was certified or recycled, reflecting a strong commitment to responsible sourcing.

• Launched a solar farm project in India, reducing annual emissions by 9,000 tons and delivering a return on investment in less than one year.

Social and governance achievements

• Reduced total recordable injuries by 4% and increased employee engagement participation.

• 98.5% of employees completed updated code of conduct training, improving governance standards.

• Maintained a lost time injury rate of 1.23 and improved total recordable injury rate to 2.57, surpassing targets.

Product sustainability and innovation

• Increased renewable or recycled raw materials to 67.9%, supporting Scope 3 emission reductions.

• Developed recyclable and compostable packaging solutions, including ProDairy and fiber-based products.

• Fiber Packaging segment uses 100% recycled paper, supporting circularity and waste reduction.