Contents 5 Summary 6 Introduction to the Report 8 About the Report 10 Message from Kronospan Riga 12 About Kronospan 14 Kronospan Riga at a Glance 16 Our Values 17 Our Product Portfolio 19 We Empower with Positive Governance 21 Our Organisational Structure 22 Highlights in 2022-2023 24 Sectoral and Global Trends 24 Sectoral Outlook 30 Regional Outlook 32 Risk Management 36 Internal Audit Progress 36 Business Ethics 39 Kronospan Building Blocks 40 Kronospan Riga Value Chain 42 Sustainability Management 42 Our Understanding of Sustainability and Stakeholder Expectation 42 Our Sustainability Strategy 42 Materiality and Stakeholder Analysis 45 Material Issues for Kronospan Riga and Its Stakeholders 48 Our Targets 50 Responsible Growth Strategy 2