R&M Sustainability Report 2023

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Double Materiality Assessment Double Materiality Expanded Perspective Is R&M focusing on the most relevant sustainability tasks? Companies like R&M need to ask themselves this question on a regular basis to further develop the strategy and focus on the most important and relevant aspects. A «Double Materiality Assessment» provides clarity and orientation. For the first time, R&M is presenting a double materiality assessment. It helps to plan sustainability activities more objectively. Analytical processes and reporting were continuously refined during the reporting year to identify material issues and risks in more detail. The double materiality assessment indicates which environmental, social and governance (ESG) issues are considered urgent or material. It discloses which aspects could have a significant impact on the company and which may have received insufficient attention so far. The analysis is an ongoing process and will be repeated every three years to identify changes and new issues at an early stage. In this way, internal stakeholders and risk management are supported with conclusions for the continuation of the strategy, objectives, and measures. The steering team monitors and refines the targets and ongoing indi vidual measures annually and defines the degree of target achievement using defined key figures. Two perspectives The importance of topics, opportunities and risks can be considered both internally and externally according to the principle of double materiality. • Environmental and social materiality implies an inside-out perspective in which companies examine the external effects of their activities, including the effects on society and the environment. • The outside-in perspective shows how relevant the external influence (environment, society, and compliance) is for R&M. This involves aspects that could influence or endanger the future profitability and operational capability of the company. The analytical process was based on the latest recommendations from, among others, the Boston Consulting Group (BCG). Standardized frameworks from the following institutions served as additional orientation: EU CSRD Directive, European Financial Reporting Advisory Group AISBL (EFRAG), Sustainability Accounting Standards Board (SASB), Task Force on Climate-related Financial Disclosures (TCFD), MSCI Inc., Global Reporting Initiative (GRI). Four steps The double materiality assessment is based on four steps: for feedback (step 3). The categories were determined through internal interviews and benchmarking. The above-mentioned frameworks were used for this purpose. In addition, ten internal and external stakeholder groups were identified to be involved in step 2. Step 2, Preparation: Individuals who are important or representative for R&M were selected for each stakeholder group. The distribution corresponds to the geographical and business importance of R&M. In addition, the stakeholders were weighted based on their relevance for R&M. «More than 100 people participated in the anonymous online survey.» Step 3, Execution: The individuals identified in step 2 were invited to take part in an anonymous online survey. A total of more than 100 people participated. The evaluation by the steering team is presented in the matrix on page 11. The results were analyzed and discussed internally in additional indepth interviews to better assess risks and identify opportunities at an early stage. Step 1, Exploration: The steering team drew up a shortlist of 19 topic categories (the three highest rated topics are described in the text; all other topics are listed in the table on page 30) and asked stakeholders 8 | R&M Sustainability Report 2023
Secondary stakeholders Retired employees Primary stakeholders Owners and Board of Directors Media Competitors Employees Customers Suppliers and business partners NGOs (non-governmental organizations) Governmental organizations 060.2197
Page 1: Sustainability Report 2023
Page 4 and 5: Foreword by the CEO Sustainability:
Page 6 and 7: R&M Headquarters R&M Manufacturing
Page 10 and 11: Double Materiality Assessment Step
Page 12 and 13: Connecting the Planet Sustainabilit
Page 14 and 15: 060.2198
Page 16 and 17: Connecting Nature - Low Environment
Page 18 and 19: Connecting People - Social Engageme
Page 20 and 21: 060.2201 Social commitment The team
Page 22 and 23: Connecting Ethics - Strong Business
Page 24 and 25: 060.2204
Page 26 and 27: Connecting Circularity - Sustainabl
Page 28 and 29: Interview with the COO «Consistenc
Page 30 and 31: Double Materiality Assessment Step
Page 32: Join us on social media! Further in

R&M Sustainability Report 2023

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