OPENING STATEMENT

This annual report is based on the Enhanced Communication On Progress (COP) reporting framework of the United Nations Global Compact (UNGC).

In 2022, EFICO reported to this framework already as Early Adopter Member. The updates made by the UNGC to the Enhanced COP throughout 2022 are now effective for all participant members.

The Communication on Progress (COP) is a required public and annual disclosure by business participants of the UN Global Compact to stakeholders with the following main objectives:

Foster accountability on corporate sustainability performance to help safeguard the integrity of the UN Global Compact initiative;

Promote continued learning and help drive corporate sustainability performance;

• Enhance stakeholder access to information regarding participants’ implementation of the Ten Principles and contribution towards the achievement of the Sustainable Development Goals (SDGs).

The enhanced COP therefore enables participating companies of the UN Global Compact to:

• Measure and demonstrate progress to stakeholders and the public on the Ten Principles and the Sustainable Development Goals in a consistent and harmonized way.

Build credibility and brand value by showing their commitment to the Ten Principles and the Sustainable Development Goals.

• Receive insight, learn and continuously improve performance by identifying gaps, accessing guidance and setting sustainability goals.

• Compare performance against peers with access to one of the largest sources of free, public and comparable corporate sustainability data.

This report reflects our commitment towards the Ten Principles of the UNGC and the Sustainable Development Goals (SDGs) and reports our progress made in 2022.

At EFICO, we encourage this consistent and harmonized way of continuous improvement reporting and are convinced the UNGC’s enhanced platform acts as a strong tool to support sustainability performance advancement year over year.

As a global compact signatory since 2003, EFICO is committed to transparently report its progress and challenges, and share this with its partners.

We welcome feedback and ideas to continue learning and improving our sustainability journey, together with you.