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Contents 5 Summary 8 Introduction to the Report 8 About the Report 10 Message from Kronospan 12 About Kronospan 14 Kronospan Luxembourg at a Glance 16 Our Values 17 Our Product Portfolio 20 We Empower with Positive Governance 20 Our Organisational Structure 24 Highlights in 2022-2023 26 Sectoral and Global Trends 26 Sectoral Outlook 30 Regional Outlook 32 Risk Management 35 Internal Audit 36 Business Ethics 37 Kronospan Luxembourg's Building Blocks 38 Value Chain 40 Sustainability Management 41 Our Understanding of Sustainability and Stakeholder Expectation 41 Our Sustainability Strategy 41 Materiality and Stakeholder Analysis 42 Material Issues for Kronospan Luxembourg and Its Stakeholders 44 Our Contributions to Sustainable Development and Our Targets 46 Our Short, Medium, and Long-Term Targets 50 Communication with Stakeholders 51 Responsible Growth Strategy 2

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54 We Aim for Carbon Negative Production 54 Environmentally Responsible Production Processes 56 Sustainable Production Cycle 58 Sustainable Forest Management 58 Raw Material Management 62 Sustainable Packaging Management 64 Product Quality 68 R&D Activities 70 Emission Management 72 Corporate Footprint 76 We Continue to Produce by Adding Positive Value to the Environment 77 Environmental Management Approach 80 Energy Management 84 Waste Management 86 Water Management 90 We Move Forward by Contributing to Our Stakeholders 90 We Care About Our Employees 93 Human Rights 94 Employee Training and Development 94 Training Journey of Our Employees 96 Employee Development and Career Journey 96 Performance Assessment 98 High Potential Programme (HiPo) 100 Equal Opportunity and Diversity 103 Contribution to the Community 104 Social Responsibility Projects 106 Customer Management 108 Supply Chain 110 Occupational Health and Safety 115 Appendix 116 Kronospan Luxembourg Environmental Performance Indicators 118 Kronospan Luxembourg Social Performance Indicatorss 122 Kronospan Luxembourg GRI Content Index 3

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