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ABOUT US

Sustainability is ingrained

in everything we do

Woven into every decision we make ,

for us sustainability is a capability built

over generations and a responsibility that

shapes every part of our value chain .

Our sustainability strategy responds to rising

expectations for stronger environmental

protection , greater transparency and

solutions that can withstand the pressures

of climate change , resource scarcity and

evolving market demands .

Building the foundations for

long - term operational excellence

This report , our second voluntary

publication , ref lects the evolution of our

sustainability journey . Over the past year ,

we strengthened governance by def ining

clear accountabilities .

We enhanced our

leadership structure with roles such as

our Director of Agronomy , recognising that

agriculture , operations and compliance will

play a decisive role in our ability to manage

environmental risk and create long - term value .

Advancing our Sustainability

performance towards our

MALTiply 2030 commitments

We are pleased to share signif icant progress

on our trajectories toward achieving our

2030 targets , including an improved

lost - time injury frequency rate and a

14 . 5 % reduction in greenhouse gas

emissions .

Our Hodonice malthouse

delivered a water reduction of 15 % with

zero capital investment . At the same time ,

agronomy teams working across

17 countries , expanded regenerative

agriculture programmes and contributed to

shaping the Sustainable Barley Standard

with the Sustainable Agriculture Initiative

( SAI ) , an important step toward greater

transparency in global agriculture .

Climate targets validated by

the Science Based Targets

initiative

Last year , we reported that our climate targets

had been submitted to the Science Based

Targets initiative ( SBTi ) for validation .

We are proud to conf irm that these

targets have now been off icially

approved . This validation conf irms our

commitment to a low - carbon future and

ambitious decarbonisation efforts .

Pioneering sustainable and

profitable innovation

Our new South African malthouse represents

a blueprint for future operations , combining

best - in - class energy and water performance .

As we modernise our footprint globally , this

approach , building sites that maximise

impact from day one , will guide our

investments .

Leveraging deep local

capabilities globally

Our teams collaborate with farmers , suppliers

and communities to strengthen value

chains and ensure responsible , resilient raw

material supply . In many of the countries

where we operate , people recognise us as a

local supplier because we understand local

nuances and build long - term relationships .

This is how we earn trust . And trust is a

powerful competitive advantage .

In conclusion

Every plan , action and decision must

contribute to a positive aggregated

sustainability impact . Just like a Tetris puzzle ,

each piece of our work f its into a larger

picture , one that strengthens resilience and

accelerates sustainable value across our

ecosystem .

I invite you to read about our progress

and , as always , welcome your feedback .

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A MESSAGE FROM THE CHIEF

SUSTAINABILITY OFFICER

Sustainability Report 2025 Malting a world of difference

Sophie Godier

CHIEF SUSTAINABILITY

OFFICER