SUSTAINABILITY REPORT 2024 This document includes Bona’s Sustainability Report summary (SECTION I) and Bona’s Statutory Sustainability Report (SECTION II). Bona filed its Statutory Annual and Sustainability Report 2024 with the Swedish authorities in March 2025. INDEX . SECTION I WHY REMOVE WHEN YOU CAN RESTORE? 4 Highlights 5 Statement from Bona’s CEO 6 Purpose, mission, vision and values 7 Who we are and what we do 8 Industrial and regulatory developments 11 Our business model 12 Our material sustainability topics 13 Message from Global Sustainability Manager 14 Sustainability messaging platform 15 RESPECT OUR PLANET 16 Key initiatives during 2024 17 Performance during 2024 18 CARE FOR PEOPLE 20 Key initiatives during 2024 21 Performance during 2024 22 TRUSTED BUSINESS 23 Key initiatives during 2024 24 Performance during 2024 25 SECTION I I STATUTORY SUSTAINABILITY REPORT 26 SECTION I — 2 SECTION I — 3 HIGHLIGHTS WHY REMOVE NEW SUBSIDIARY IN AUSTRALIA In 2024, Bona expanded its global operations with the acquisition of Ezi Floor WHEN YOU CAN Products (EFP). EFP has been an exclusive distributor of Bona’s products in Australia for over 20 years. This acquisition strengthens Bona’s presence in the Australian market and supports long-term growth in the APAC region. RESTORE? SIGNIFICANT REDUCTIONS OF GREENHOUSE GAS EMISSIONS - 41% During 2024 we reduced our greenhouse gas emissions by 41% (compared to 2023) primarily due to renewable energy certificates in the US. . At Bona, we prolong the life of floors by protecting, renovating and maintaining wood and hard floors and resilient surfaces – by bringing out the beauty in floors. We do this by providing high- BONA MEGA EVO quality flooring products and systems developed to minimize health and environmental impact – and through education and training. Bona Mega EVO sets a new benchmark in wood floor finishes with self-crosslinking technology activated during application. With less than 3% VOC and EMICODE EC1 Plus certification, it ensures very low indoor air emissions — promoting healthier conditions for both professionals When we empower homeowners, professionals and facility owners to preserve and renovate and consumers. floors instead of replacing them, it’s a win for them, the environment and us. As a family-owned company with over 100 years of experience, we are committed to long-term thinking and sustainable practices. In essence, prolonging the life of floors means prolonging the life of business. NEW SUPPLIER EVALUATION PROCESS In 2024, we built a new Global Supplier Evaluation process based on our Code of Conduct. The updated supplier evaluation process will be launched in 2025. CELEBRATING ANOTHER YEAR AS A SAFER CHOICE PARTNER For the 4th consecutive year, Bona has been recognized as a Safer Choice Partner of the Year by the U.S. Environmental Protection Agency (EPA). This prestigious award highlights our commitment to developing products that meet EPA’s Safer Choice criteria – identifying safer chemical ingredients, without compromising performance. The Safer Choice program and label help consumers and facility purchasers make informed decisions. ROYAL BUSINESS MEDAL AWARDED TO EDNER FAMILY Bona was proud to receive the Royal Business Medal by the Royal Patriotic Society for “leading a Swedish family business out into the world with innovative solutions that help reduce environmental impact.” The award recognizes the family’s contribution to Swedish industry, including the development of water-based floor finishes designed to lower emissions and minimize resource use. SECTION I — 4 SECTION I — 5 Kerstin Lindell Chief Executive Officer, Bona Mission Creating beautiful floors that bring happiness to people’s lives. STATEMENT FROM BONA’S CEO 2024 was a year of global challenges and mixed market conditions for many industries, including the flooring and construction businesses. Despite this, Bona demonstrated resilience and stable revenue, and we remain well-positioned for future growth. Values STRENGTH IN TURBULENT TIMES Additionally, we updated our corporate sustainability mes- Purpose Passion Performance Prolonging the saging platform to guide our sustainability communication During last year, global and regional initiatives throughout Bona, efforts. This platform provides a tool that employees can Pioneering life of floors together with a firm group strategy, made it possible for us to use to transparently and clearly communicate about Bona’s strengthen our market position while also make progress with sustainability work. our sustainability agenda. Sustainability is core to Bona’s business model and a key driver behind our progress and innovation. Our purpose is to GUIDED BY OUR VALUES prolong the life of floors not only for our long-term business At Bona, we are committed to integrating sustainability into success but also for the benefit of the environment. With our business, creating long-term value for our customers, that, we also strive for the safety and wellbeing of people employees, and society at large. Regardless of market working and living with our products. And importantly, we fluctuations, our sustainability goals and core values will are committed to empowering our employees to grow and guide our decisions and actions. We remain confident that thrive at the company. These commitments have allowed us a more transparent and sustainable economy is not only to fortify a stable foundation even during market fluctuations. necessary – but also an opportunity to strengthen our business going forward. Vision ALIGNING TO SUSTAINABILITY Bringing out the REGULATION beauty in floors In 2024, we continued our efforts to align our business with Kerstin Lindell the evolving sustainability regulations in the EU. Significant progress was made in adapting to the Corporate Sustainability CEO Reporting Directive (CSRD), ensuring greater transparency and accountability in our sustainability reporting. Beyond reporting, we also strengthened our approach to marketing and communications by implementing global guidelines that align with the forthcoming EU Green Claims Passion Performance Pioneering regulations and the U.S. Green Guides. These steps We are passionate about Performance means premium Pioneering is core to our reinforce our commitment to clear, credible, and responsible what we do, how we do it quality where we focus on the company. We strive to think communication about our sustainability efforts. and are always fully needs and safety of creatively and bring innovative committed to bringing out professional craftsmen, ideas forward while remaining the beauty in floors. industrial customers, and floor open to changes and owners in everything we do. opportunities in the market. SECTION I — 6 SECTION I — 7 WHO WE ARE AND WHAT WE DO Founded in 1919, Bona is a global, family-owned company spanning across Europe, North America, South PRODUCTION AND DISTRIBUTION FACILITIES America, Asia and Australia. We supply products and systems for installing, renovating, maintaining, and restoring premium floors including wood, tile, vinyl, rubber, and laminate. We are passionate about We have four production sites situated in Malmö (Sweden), Limburg (Germany), Monroe (North Carolina, US) and Pueblo preserving the longevity and beauty of floors ensuring they can be cherished for generations to come. (Colorado, US) along with two distribution centers in Limburg (Germany) and Monroe (North Carolina, US). Bona is led by third and fourth generations of the Edner, Forsberg, and Brask family and our head office is in Malmö, Sweden. MALMÖ LIMBURG MONROE PUEBLO SWEDEN GERMANY US US PRODUCTION ACTIVITY PRODUCTION ACTIVITY PRODUCTION ACTIVITY PRODUCTION ACTIVITY 700+ 70 Finishes, Adhesives, Adhesive, Floor finish, 100 + YEARS 4 GENERATIONS EMPLOYEES MEUR DISTRIBUTORS Sealers, Industrial coatings, Floor cleaners Oils DISTRIBUTES TO EMEA, APAC, NAM Sport paint, Sport finishes, Floor cleaning products, Stains Stains DISTRIBUTES TO NAM, APAC 337 17 SUBSIDIARIES DISTRIBUTES TO EMEA, LAM, APAC, NAM DISTRIBUTES TO NAM, LAM, APAC, EMEA Founded in Family-owned company led by third and fourth 90 4 Malmö, Sweden 1919 generations. COUNTRIES PRODUCTION SITES - BONA’S GLOBAL HEADQUARTERS SECTION I — 8 SECTION I — 9 INDUSTRIAL AND REGULATORY DEVELOPMENTS Bona focuses on the entire lifecycle of a floor. This means that whether our customers are refinishing, renovating, The European Union is leading the implementation of sustainability legislation, but the rest of the world is installing, or maintaining a floor, we create value by offering the solutions and necessary support to achieve the catching up. Bona innovates and engages to address industry challenges and meet future sustainability ideal outcome. regulations in the chemical and flooring industry. Below we present key developments that provide context for our sustainability agenda. More information on our approach to address these challenges can be found under SYSTEMS AND PRODUCTS “Our Material Sustainability Topics”. BONA FLOOR CARE THE BONA SYSTEM THE BONA RESILIENT BONA INDUSTRIAL SYSTEM COATINGS REDUCING THE CLIMATE IMPACT OF THE SUSTAINABLE SUPPLY CHAINS Install/Renovate Renovate FLOORING INDUSTRY Maintain EU’s Corporate Sustainability Due Diligence Directive (CSDDD) Products The waste management of flooring materials makes up the emphasizes the respect for human rights and environmental greatest climate impact in the lifecycle for the flooring industry. aspects and requires companies to have rigorous procedures • Floor cleaners • Coatings • Floor coatings • UV coatings Lengthening the service lifetime of products before being to analyze and manage risks throughout the supply chain. • Spray mops • Adhesives • Abrasion system disposed could be an effective solution in achieving reduced • Microfiber mops and • Machines • Cleaning and maintenance climate impact and improved resource use.* pads • Abrasives • Colour chips SUSTAINABILITY IN MARKETING • Pet system • Floor care • Floor repair • Floor polishes • Sport lacquer SAFE AND SUSTAINABLE CHEMICALS The upcoming Green Claims Directive and the US Green Guide aim at ensuring all environmental claims are truthful, specific, EU’s chemical strategy sets the path towards a toxic free and supported by evidence. These regulations seek to enhance environment by suggesting the use of safe chemicals and transparency, strengthen consumer trust, and promote clear, CUSTOMER OFFERINGS encouraging innovation. This includes regulations to minimize reliable communication of environmental sustainability efforts. substances of concern in products. HOMEOWNERS PROFESSIONALS FACILITIES INDUSTRIAL MANUFACTURING * IVL, Climate Action Plan for the Flooring Industry, Nr B 2463, 2023, RESOURCE EFFICIENCY IVL, Increasing resource efficiency in the Swedish flooring industry through floor refinishing, NO. B 2385 2020. Offerings EU’s circular economy action plan will establish new principles • Bona Floor Care • The Bona System • The Bona Resilient System • Bona Industrial Coatings and regulations to improve product durability, reusability and • The Bona System • The Bona Resilient System • Bona Floor Care • Bona Floor Care increase product energy and resource efficiency. This will • The Bona System • The Bona System affect the handling of coatings and other solutions as well as cleaning products by increased lifecycle responsibility. Customers Consumers and retail Wood and resilient flooring Facility managers/owners/ Floor manufacturers customers craftsmen; decision makers, and Architects and designers sustainability managers CASE: THIRD PARTY PRODUCT CERTIFICATIONS EU GREEN CLAIMS AND US GREEN GUIDE At Bona, product marketing should be based on facts and certifications that are third party verified. To protect, guide and build trust with customers, contractors and consumers, we invest in certifications focusing on various sustainability aspects. In 2024, Bona developed a comprehensive global guideline and a process to substantiate and verify environmental claims to align with the upcoming Green Claims Directive and the US Safer Choice: Green Seal: Green Guide standards. This approach prioritizes accuracy and A U.S. Environmental Protection Agency A certification by the NGO Green Seal veri- measurable, evidence-based statements, avoiding vague terms Lidija Broström, Senior Vice President, (EPA) certification ensuring that Bona’s prod- fying that Bona’s products adhere to rigor- Marketing & Communication at Bona said, like “eco-friendly” in favor of precise, data-backed assertions. ucts meet strict safety and environmental ous health, performance, and environmen- standards, minimizing human and environ- mental harm. tal criteria throughout their lifecycle. Key teams within the organization play a critical role in implementing these standards. Brand Marketing Managers “ Establishing this internal process aligns to our commitments of integrity, transparency, and EMICODE: oversee the creation of claims to ensure compliance with the accountability. By adhering to the Green Claims Greenguard: A European certification issued by the Ger- directive and guide. Product Managers verify claims, providing Directive, Bona reinforces its position as a trusted certification by the NGO The GREENGAURD man Association for the Control of Emis- the necessary documentation and data, while the sustainability Environmental Institute ensuring Bona’s prod- sions in Products for Flooring Installation, and product compliance department ensures regulatory leader in delivering environmentally responsible ucts meet low chemical emissions standards, contributing to healthier indoor air quality. Adhesives and Building Materials (GEV) in- dicating that Bona’s adhesives and flooring compliance and monitors industry developments. solutions to customers and stakeholders. ” products have very low emissions, promot- ing healthier indoor environments. SECTION I — 10 SECTION I — 11 OUR BUSINESS MODEL OUR MATERIAL SUSTAINABILITY TOPICS At Bona, we prolong the life of floors by protecting, renovating and maintaining wood and resilient flooring Our business model gives rise to sustainability issues throughout our value chain. Main environmental impacts surfaces. We do this by providing high-quality flooring products and systems developed to minimize health and include greenhouse gas (GHG) emissions, substances of concern, and resource flows. Primary social impacts environmental impact – and through education and training. include health and safety for employees and users of our products together with working conditions in our supply Bona Business Model Graphic chain. Below we describe how sustainability impacts arise in our value chain and our approach to deal with them. Bona’s business model creates long-term profitability for our shareholders without compromising environmental and social values. The idea of maintaining and renovating rather than replacing floors is at the heart of our business model and a key driver for progress and innovation. Below we describe the main components of our business model. CLIMATE CHANGE Most GHG emissions come from the extraction Our approach: We increase the use of C and production of raw material and finishes in electric vehicles for transportation. We Innovation For Production our supply chain, our company’s fleet of vehicles, perform energy efficiency activities, produce Sustainable of Solutions 2 and energy consumption associated with offices, renewable energy and buy certificates of Solutions distribution centers and production units. renewable energy. Filling & Packaging BUSINESS SUBSTANCES OF CONCERN INPUT ACTIVITIES AND OUTPUTS OUTCOMES Resources Products, systems & Services Value Creation for Stakeholders COMPETENCES Substances of concern are part of our chemical Our approach: We regularly evaluate our production and of raw materials from suppliers. raw materials and when necessary, add unwanted chemicals to our phase out list. Distribution Centers & Warehouses Sales, Marketing Training & Insights & Support EFFICIENT RESOURCE FLOWS Non-renewable materials, such as fossil-based Our approach: We reduce waste in our plastics, are used in our packaging, products, and internal production processes, and we the production of lacquers. Our activities create increase our use of post-consumer recycled waste throughout the value chain. materials in packaging materials. INPUT OUTPUTS RESOURCES WE USE PRODUCTS, SYSTEMS AND SERVICES We use energy, water and raw materials such as chemical We provide a wide range of innovative solutions for every ingredients to produce our solutions. For retail products we type of customer, from floor owners and professionals to source tools, pads and machines from suppliers directly. Our facility managers and flooring manufacturers. Whether it’s WORKING CONDITIONS approach is to carefully select raw materials which our in- maintaining floors with cleaners, spray mops, and polishes, house research and development team then formulates into renovating hardwood floors and resilient surfaces with Bona must ensure safe working conditions for our Our approach: We cultivate an attractive and products. This enables tight ingredient control and inspires coatings and finishes, or developing industrial UV coatings, employees and workers in the value chain. engaging workplace with strict safety protocols. the development of more sustainable solutions without our products and systems are designed to be reliable, We work closely with established suppliers, and sacrificing quality or performance. durable, and sustainable. train craftsmen on health and safety aspects. OUR BUSINESS ACTIVITIES OUTCOMES AND COMPETENCES VALUE FOR STAKEHOLDERS GOVERNANCE Our production, distribution, and warehousing are largely The core of our long-term value creation for customers Bona is a global company that complies with Our approach: Our Code of Conduct includes owned and operated in-house, giving us control over and end-users, is to prolong the life of floors through international ethical standards of transparency a strict policy against bribery and corruption, resources and the ability to manage and strive towards our renovation and proper maintenance. We collaborate with and accountability. applicable to employees and suppliers. sustainability goals. An important part of our business model industry partners, engaging with academic institutions, and is our in-house training, support and certification of craftsmen participating in relevant industry associations. which encourages optimal use of our products. SECTION I — 12 SECTION I — 13 CORPORATE SUSTAINABILITY MESSAGING PLATFORM Björn Johansson During 2024 we updated our corporate sustainability messaging platform to better align with sustainability Global Sustainability Manager reporting regulations in the EU. Our new corporate sustainability messaging platform is divided into three pillars Bona’s Sustainability Vision representing the environmental, social and governance aspects of our business. The focus areas under each pillar are linked to our material sustainability topics and are subject to policies, actions and targets (see details in the statutory report). Lead the sustainability transformation of MESSAGE FROM GLOBAL our industry, caring for people and the planet SUSTAINABILITY MANAGER Reducing our environmental impact, Fair and equal opportunities for our Business growth through healthy being carbon neutral by 2040. employees and supply chain. and innovative choices. Looking back at 2024, we continued to advance our sustainability agenda to align with current and emerging sustainability regulations, particularly within the EU. It has been encouraging to see a strong engagement throughout the organization. Following are a few of the highlights. ACHIEVEMENTS IN 2024 OUR JOURNEY CONTINUES RESPECT CARE TRUST The planet - Being The people - Being The business - Being We have continued our proactive efforts to phase out and As part of a larger ecosystem, we play a crucial role in sustainable for the planet, sustainable for people, sustainable for the business, replace harmful chemicals – an often complex and time- delivering flooring solutions that minimize environmental reduce the environmental respect for people. sustainable growth through footprint. innovation. consuming process – and bring out new innovative products impact while prioritizing health and safety. However, the most Bona’s commitment to sustainable Bona is committed to being Bona is committed to to the market. A good example is Bona Mega EVO, an significant sustainability challenges exist at the industry level, development is based on our concern a responsible, caring company. sustainable and healthy business We strive to make a difference for growth through innovation. improved waterborne wood floor finish containing less than requiring collective action across the entire sector. and care for our home - both our planet communities locally and globally. as well as the home where we live. 3% volatile organic compounds (VOC), meeting EMICODE EC1 Plus standards. One of these challenges is circularity which remains a key focus in the flooring industry discourse to reduce We also managed to reduce our greenhouse gas (GHG) climate impact. Bona is actively participating in industry emissions by more than 40% compared to last year (Scope 1 collaborations to address challenges and shift mindsets. To + 2 according to the GHG protocol). This was made possible support this transition, we have strengthened our partnership by our ongoing initiatives to improve energy efficiency and through purchases of renewable energy certificates in the North American market. with the Swedish Environmental Institute (IVL) to develop policies and tools promoting refurbishment over replacement. Sustainability Messaging Platform Going forward, Bona will continue to integrate sustainability C O R P O R AT E V I S I O N : B R I N G I N G O U T T H E B E A U T Y I N F L O O R S Our work to collect and structure sustainability data continued. into our business strategy, operational decisions, and daily This effort not only prepares us for evolving regulations but actions. While we face challenges and uncertainties ahead, I also growing customer demands – particularly climate- am confident that we are on the right path. related data but also social information such as supply chain accountability. During the year, we also strengthened our supplier evaluation Björn Johansson process to ensure alignment with Bona’s Code of Conduct. RESPECT OUR PLANET CARE FOR PEOPLE TRUSTED BUSINESS GLOBAL SUSTAINABILITY MANAGER This new process will be implemented during 2025/2026, We respect our present and We care for people working and We build trust through innovation reinforcing our responsibility throughout the value chain. ethics and long-term profitability future environment living with our products Lastly, we updated our corporate sustainability messaging Improved Ingredients: We phase out Safety and Well-being of Employees: We Innovate, Collaborate, Educate: create a safe and healthy work environment We believe profitability today ensures platform to clarify how we communicate about our ingredients of concern and invest in solutions with less impact on the environment for all Bona employees sustainable investments sustainability efforts for external stakeholders and our Ethics and Transparency: We adhere Climate Action: We reduce our climate Better Work Environment for Craftsmen: employees. This new communication tool is built on three impact to reach climate neutrality by 2040 We develop systems and products for the to transparency and high ethical standards well-being and health of craftsmen through our value chain pillars: respect our planet, care for people, and trusted Recycle and Reuse: We strive for more recyclable and reusable materials in our Fair Working Conditions for Suppliers: business. Read more on page 15. products, packaging and tools We commit to responsible supply chains Effective Governance Peace of mind for floor owners: We develop systems and products for the Environmental Stewardship health and well-being of floor owners Social Responsibility SECTION I — 14 SECTION I — 15 RESPECT OUR PLANET KEY INITIATIVES DURING 2024 RESPECT OUR INTRODUCING BONA MEGA EVO WEFOREST PROGRESS REPORT PLANET Bona Mega EVO sets a new standard in wood floor finishes with its advanced self-crosslinking technology, which activates upon application. Building on the legacy of Bona Mega — the world’s most-used waterborne lacquer — it contains less than At Bona, we continue our partnership with WeForest, a global NGO dedicated to restoring forests, protecting landscapes, and empowering communities for lasting climate and biodiversity impact. Since 2022, Bona’s support of WeForest’s project 3% VOC, meeting EMICODE EC1 Plus standards for extremely along Brazil’s Tietê River has restored 12.82 ha by growing an low indoor air emissions. estimated 25,640 trees. Low VOC levels are not only beneficial for flooring profession- Bona is committed to reducing environmental impact by phasing out chemicals of concern in our als, who enjoy healthier working conditions, but also for home- products and solutions. We continuously improve energy efficiency and increase our reliance on owners and building occupants, contributing to better indoor renewable energy. Additionally, we strive for more recyclable and reusable materials, integrating air quality and a safer living environment. post-consumer recycled plastics and reducing virgin fossil-based plastics in our packaging and products. Within the focus pillar of RESPECT OUR PLANET, we have established a sub-vision of reducing our environmental impact and becoming carbon neutral by 2040. Detailed information on our Since 2022 environmental stewardship may be found on page 36. 25,640 TREES RENEWABLE CERTIFICATES IN THE US ECOVADIS SILVER MEDAL RATING Bona is committed to enhancing energy efficiency in its operations and increasing its own production of renewable Bona received a silver medal in sustainability rating from energy, such as geothermal heating and on-site generation. EcoVadis. The silver medal is given to the top 15% of the Additionally, during 2024 Bona purchased renewable energy suppliers in our niche. The evaluation consists of four different certificates in the North American market, leading to reducing sections: Environment, Labour & Human rights, Ethics and our Scope 2 greenhouse gas emissions by -54% since 2023. Sustainable procurement. ENVIRONMENTAL PRODUCT DECLARATIONS Bona’s first Environmental Product Declarations (EPD) have been published at EPD International. These declarations outline the impacts of Bona Traffic HD, Bona Traffic GO, Bona Pure HD, and Bona Classic UX. An EPD is a standardized and third- party verified way to quantify a particular product or service’s impact on the environment and climate. The declaration is based on a life cycle assessment (LCA). SECTION I — 16 SECTION I — 17 RESPECT OUR PLANET RESPECT OUR PLANET PERFORMANCE DURING 2024 PERFORMANCE DURING 2024 IMPROVED INGREDIENTS RECYCLE AND REUSE We are actively phasing out chemicals considered unhealthy to people Using recycled plastics in our packaging is an important measure to limit our climate impact. However, using recycled plastics is and the environment. This process is occurring on a product-by-product a complex task and it is crucial that our packages can safely store the contents of our products. Also, maintaining high quality in basis, as the specific ingredients of our formulas must be carefully our production reduces resource use. balanced to maintain function and quality. Targets: Bona’s target is to reduce the amount of fossil-based virgin plastics in our primary packaging by 50% until Choosing chemicals with an improved environmental profile is crucial for the end of 2025 and 55% until 2026, and that quality costs should not exceed 0,5% of our sales costs. the company. Great care is taken to evaluate all new chemicals and review existing raw materials regularly throughout our global operations. In 2023, 2022 2023 2024 0 4 1 Bona was on track with the goal that 100% of new raw materials should undergo a risk assessment. During 2024, we continued our extensive 55% work to phase out chemicals from our global phase out list. 2026 TARGET TARGET: Our work on phasing out unwanted chemicals will Figure 1: Number of successfully phased out activities 50% continue, including completing the phase-out of PFAS from all 2025 TARGET Bona products. 2,1% 34.6% 29,6% 1,3% 8,8% 0,8% 0,5% 2025 TARGET CLIMATE ACTION 2022 2023 2024 2022 2023 2024 Bona has invested in different energy efficiency measures, implemented initiatives to reduce energy consumption in production Figure 7: Costs related to quality problems, Figure 6: Percentage of replaced fossil-based plastics and properties, and invested in infrastructure improvements. During 2024, we reduced our scope 2 emissions significantly. This as percentage of our sales costs was primarily due to the purchase of renewable energy certificates in the North American market, as well as ongoing initiatives to improve energy efficiency. In Sweden and Germany, our Scope 2 emissions were already very low, which is why our focus has been on energy consumption in North America. During 2024, we initiated work to map indirect emissions throughout our value chain (Scope 3), and our intention is to set concrete targets that will help us reach carbon neutrality by 2040. TARGETS: Our target is to cut our mobile combustion (part of Scope 1) and energy usage (Scope 2) emissions respectively in half by 2026, based on our 2022 levels. ENERGY USE GHG EMISSIONS, SCOPE 1 & 2 11,941 2556 11,867 2340 10,793 1498 50% 2026 TARGET 2022 2023 2024 2022 2023 2024 Figure 2: Total energy use, MWh Figure 4: Total GHG emissions, ton CO2e 479 473 103 88 404 60 2022 2023 2024 2022 2023 2024 Figure 3: Energy intensity per produced unit kWh/ton Figure 5: GHG intensity per produced unit, kg CO2e/ton SECTION SECTION — 18 I — I18 SECTION I — 19 — 19 CARE FOR PEOPLE KEY INITIATIVES DURING 2024 CARE FOR SIXTH BONA CERTIFIED CRAFTSMAN ISO 45001 CERTIFICATION IN LIMBURG PEOPLE CONVENTION Bona has successfully implemented ISO 45001 standards In October, Bona hosted its 6th Bona Certified Craftsman in Limburg (Germany). This certification underscores our Program (BCCP) Convention in North Carolina, USA bringing commitment to maintaining the highest occupational health and together nearly 200 customers and over 50 colleagues from safety standards. By continuously monitoring and adapting our multiple countries. The event featured business seminars, safety protocols, we ensure a secure and healthy environment technical workshops, and roundtable discussions, fostering for our employees.​ education and collaboration within the industry. As a global company, we impact the lives of a number of people within and beyond our organization. With this comes a deep responsibility to ensure the safety and well-being of our employees, uphold fair working conditions across our value chain, create better work environments for craftsmen, and develop products that provide peace of mind for floor owners. Within the focus pillar of CARE FOR PEOPLE, we have set the overarching sub-vision of ensuring fair and equal opportunities for our employees and supply chain. Detailed information on our social responsibility may be found on page 41. AWARD FOR WORKPLACE HEALTH PROMOTION Bona Austria has been awarded the Austrian Seal of Excellence for Workplace Health Promotion for the second time, recognizing our commitment to fostering a healthy and supportive work environment. Key initiatives contributing to this achievement include ergonomic office improvements, flexible work options, stress management workshops and employee coaching. SECTION I — 20 SECTION I — 21 CARE FOR PEOPLE PERFORMANCE DURING 2024 OUR EMPLOYEES TRUSTED BUSINESS As a global company, we impact the lives of numerous people working within our organization. With this comes a great sense of responsibility to promote the well-being of our employees. It is essential that we provide a safe, fair, and inspiring workplace where our employees can thrive and grow. Therefore, we have set the sub-vision of ensuring fair and equal opportunities for all. TARGETS: Our targets are to have zero work-related accidents and that all employees shall have an annual development discussion. 2022 2023 2024 2022 92% As a pioneer in the floor care industry, we strive for sustainable innovation. Through active partnerships and education, we work closely with the flooring industry, contractors and other 2023 97% stakeholders to promote more sustainable practices, ensuring our long-term business success. 14 24 32 2024 98% Within the focus pillar of a TRUSTED BUSINESS, we adhere to high ethical standards and continuously improve the transparency of our value chain. Detailed information on our ethical business practices may be found on page 44. Figure 8: Number of work-related incidents and Figure 9: Share of total employees undergone development reviews accidents No incidents during 2024 were classified as severe work-related accidents. WORKERS IN THE VALUE CHAIN: SUPPLIERS AND CRAFTSMEN A global business carries a responsibility for the social conditions and human rights within our supply chain. We depend on the strong relationships we share with our suppliers. Through these relationships, we have an opportunity to influence the sustainable progress of our suppliers and a responsibility to promote the safe and fair conditions of people throughout our supply chain. In 2024, we built a new Global Supplier Evaluation process which will be launched in 2025. We develop systems and products which provide dust-free and ergonomically sound working environments and we continue to offer training for all contractors and craftsman related to the safety and health aspects during renovation, installation, and maintenance of floors. TARGETS: Our ambition is to continuously evaluate Bona suppliers and increase sales of Bona Dust Containment Systems. 78 64 + 6% + 3% 43 + 1% 2022 2023 2024 2022 2023 2024 Figure 10: Number of evaluations of Bona suppliers Figure 11: Annual sales growth of Bona Dust Containment Systems compared to the previous 10-year average SECTION — 22 SECTION II — 22 SECTION I — 23 TRUSTED BUSINESS TRUSTED BUSINESS KEY INITIATIVES DURING 2024 PERFORMANCE DURING 2024 WORKPLACE GATHERING MEETINGS FLOORING SUSTAINABILITY SUMMIT BUSINESS ETHICS Since 2008, One Bona trainings have encouraged company- In July 2024, Bona attended the inaugural Flooring We have a responsibility for the social conditions and human rights within Bona and our supply chain. This sits at the core of wide dialogue on key topics. Since 2023, we focused on Sustainability Summit in Washington D.C. The event, which Bona’s approach to governance and is ingrained in the policies followed by our global organization. To ensure that our strict ethical business demands are upheld, Bona’s Whistle-blower Reporting Tool allows employees, suppliers and partners to provide insight strategy through two interactive online modules and concluded was partially sponsored by the National Wood Flooring or report any potential issues. In 2024, all new employees were introduced to Bona’s Code of Conduct, which is available to all the training with Workplace Gathering Meetings in 2024. Association, brought together sustainability leaders within employees on the company intranet. We encourage people to report incidents. These sessions provide an opportunity to align on our future the flooring industry, architects and designers, policy makers, direction, strengthen collaboration, and ensure everyone advocacy groups, and more. Bona was the only manufacturer TARGETS: Our target is that all employees shall undergo training in business ethics and anti-corruption understands their role in achieving our goals. By engaging in in attendance representing wood floors, which offered a prime every third year. All employees shall be introduced to Bona Code of Conduct when employed and we open discussions, we reinforce our shared commitment to opportunity to lead the conversations from our perspective. aim for zero conflict-related incidents. innovation, sustainability, and long-term success. 2024 260 38% Pictured left to right: Kirk Roberts (Bona); Anita Howard (NWFA); Heather Lindemann (Bona); John Forbes (NWFA). Figure 12: Total number (and percent) of employees undergone training in anti-corruption in 2024 NEXT PHASE OF BONA IVL PROJECT EMPLOYEE ENGAGEMENT SURVEY Bona is continuing its work to understand the environmental 2022 2023 2024 Following the Employee Engagement Survey, teams impact of floor renovation. An initial study, completed by across Bona have reviewed results and implemented action Swedish Environmental Institute (IVL) with Bona’s participation, plans. Many initiatives focus on health, communication, found that refinishing floors can save up to 90% in CO2 and maintaining a strong team spirit. Some teams have emissions and up to 95% in energy consumption. In 2024 introduced health benefits and stress management training, the second phase of this work occurred where Bona worked while others are improving feedback and collaboration through with industry leaders in Sweden to advance policies and tools structured meetings and daily check-ins. These efforts reflect Bona’s commitment to creating a supportive, engaging that support refurbishment over replacement. Bona is also implementing a new study for 2025 that will look at the impact 100% 100% 100% workplace. of floor renovation in Germany. Figure 13: New employees introduced to Bona Code of Conduct 11 12 3 2022 2023 2024 Figure 14: Number of reported violations of Bona’s Code of Conduct SECTION I — 24 SECTION — 25 SECTIONI I— 25 Statutory Sustainability Report 2024 regarding fiscal year 2024 STATUTORY SUSTAINABILITY REPORT CONTENT PAGE STATUTORY SUSTAINABILITY REPORT SECTION II GENERAL INFORMATION BASIS FOR PREPARATION 28 Accounting principles 28 Sources of uncertainty in estimates and outcomes 28 GOVERNANCE 28 Composition and role of the Board of Directors and Management 28 This section represents Bona’s statutory sustainability report for 2024 which has been Information on sustainability matters addressed by Group Management and the Board of Directors 29 translated from Swedish into English. Best efforts were made to ensure a direct translation, however, for an exact representation of the statutory sustainability report refer to the Statement on due diligence 29 Swedish version. Internal controls over sustainability reporting 29 Guiding principles for managing sustainability issues 29 STRATEGY 30 Strategy, business model and value chain 30 Our stakeholders and their interests and views 32 Material sustainability topics 33 IMPACTS, RISKS AND OPPORTUNITY MANAGEMENT 35 Process for materiality assessment 35 ENVIRONMENTAL INFORMATION CLIMATE CHANGE 36 Policies related to climate change 36 Actions to reduce climate impact 36 Internal carbon price 37 Metrics and targets 37 POLLUTION 39 Policies related to chemical products 39 Measures to manage chemical products 39 Metrics and targets 39 RESOURCE USE AND CIRCULAR ECONOMY 40 Policies related to resource use and circular economy 40 Actions to reduce resource use 40 Metrics and targets 40 SOCIAL INFORMATION OWN WORKFORCE 41 Policies related to own workforce 41 Risk management and actions 41 Metrics and targets 42 WORKERS IN THE VALUE CHAIN 43 Policies related to workers in the value chain 43 Risk management and actions 43 Metrics and targets 44 GOVERNANCE INFORMATION BUSINESS CONDUCT 45 Policies and risk management 45 Prevention and detection of corruption and bribery 45 Metrics and targets 45 SECTION I — 26 SECTION II — 27 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT GENERAL INFORMATION GENERAL INFORMATION This report presents Bona’s most significant environmental, social, and governance topics. The reporting complies with the Information on how sustainability matters are addressed by the group management and Board requirements for statutory sustainability reporting according to Chapter 6, Sections 10-14 of the Swedish Annual Accounts Act. of Directors The group management develops a strategic plan based on the organization’s targets, where sustainability issues play a key role. The group management meets monthly, and progress is reported to Bona’s Board of Directors four times a year by the CEO. BASIS FOR PREPARATION Bona has established a sustainability board to coordinate sustainability actions, led by the global sustainability manager. The sustainability The content of the Sustainability Report is based on Bona’s double materiality assessment, conducted in accordance with the board meets monthly and includes several expert committees focusing on specific areas. Decisions made within the board and the principles established in the EU’s Corporate Sustainability Reporting Directive (2022/2464). expert committees are then implemented across the organization. Sustainability data and KPIs are collected through a network of data reporters across all organizational units at Bona. The Sustainability Report primarily includes sustainability information from an impact perspective, i.e., how Bona’s operations may have both positive and negative impacts on sustainability topics. The global sustainability department and the sustainability manager support this network. Sustainability data is reported to the sustainability board twice a year and subsequently to the group management and board of directors. A key task for the sustainability board is to ensure that sustainability actions align with Bona’s strategy and policies. Accounting principles Sustainability matters addressed by Bona’s board of directors and group management during 2024 primarily concerned: Bona’s Sustainability Report is prepared on a consolidated basis in line with Bona’s financial reporting and covers Bona AB and all • Goals and progress in climate and energy. its subsidiaries. • Activities to phase out materials of concern. • Increasing the share of renewable materials in Bona’s products. In this year’s Sustainability Report, we have begun aligning the content and structure with the EU’s new reporting framework for • Improved due diligence within Bona’s value chain. sustainability reporting, the European Sustainability Reporting Standards (ESRS), (2023/2772). Climate calculations follow the GHG Protocol and include Scope 1 and 2. Bona has begun to gather Scope 3 data and develop processes for collecting information from the value chain. Statement on due diligence Bona engages in sustainability matters throughout the value chain, supported by our social sub-vision: “fairness and equal opportunities for our employees and supply chain.” We consider sustainability aspects in investments and are currently updating our Sources of estimation and outcome uncertainty supplier evaluation process to ensure sustainability matters, based on our code of conduct, are clearly integrated into the process. The Sustainability Report includes forward-looking statements. All forward-looking information is associated with uncertainty, which should be considered. Internal controls over sustainability reporting Both climate and energy data have been retroactively corrected (2023 and 2022) as errors were identified in previous reports and methods for data collection have been improved. The sustainability department manages the quality assurance of sustainability data. Issues that arise are handled by the sustainability board, and major issues are escalated to the group management or Board of Directors. We are continuously working to improve the For 2024, we have changed the reporting of our chemical management to only include phase-out activities. Previously reported quality of sustainability data within sustainability reporting. activities have been integrated into our routines, mitigating the risk, and are therefore no longer relevant to report. Guiding principles for addressing sustainability matters GOVERNANCE Three key documents outline the overarching guiding principles for how Bona conducts its operations. These documents are reviewed, evaluated, and approved annually by the Board of Directors. They are mandatory and apply to all Bona’s global subsidiaries Composition and role of the Board of Directors and Group Management and employees. Bona’s Board of Directors has overall responsibility for the company’s sustainability work. Oversight of sustainability actions is • Bona’s Code of Conduct carried out within the framework of Bona’s regular organisation and management. The CEO, together with group management, is • Bona’s Rules and Regulations responsible for implementing strategies, targets, actions, and follow-ups. • Bona’s Global Group Policies The Group Management Team includes the CEO and representatives for sales, product management, research and development, The Code of Conduct is based on the ten principles of the UN Global Compact, the International Labour Organization’s (ILO) HR, finance & IT, marketing communication, strategic development, production, and procurement. core conventions, and the OECD Guidelines for Multinational Enterprises. All Bona employees, at every level and in all markets, Bona has a global sustainability manager who reports to Bona’s COO. Sustainability matters are presented to the group management are expected to follow the Code of Conduct. The Code consolidates the group’s values and guidelines regarding business ethics either by the sustainability manager or the COO. and behaviour, work environment, environmental considerations, mutual respect among employees, whistle blower functions, and zero tolerance towards harassment and discrimination. The Code of Conduct also serves as the foundation for relationships with The Board of Directors primarily consists of representatives from the owner family, who have built the company over generations. At suppliers, distributors, and business partners. the time of reporting, the chairman of the board also holds the role of interim CEO. Bona’s Global Group Policies are a collection of policy documents that govern various operational and sustainability-related aspects Both the Board of Directors and group management have extensive experience in the floor maintenance and renovation industry. of the group. Specific policy owners have been designated for each policy, responsible for managing the content and ensuring compliance. The Bona Group’s global policies are listed below. Gender diversity in the Board of Directors and group management 2024 2023 In 2024, a major review of our local and group-wide policies was conducted, focusing on harmonizing and creating a common language at all levels. The main goal was to clarify policies for all employees, while also, if needed, supplementing the content of the Board of Directors (including one deputy board member) 6 6 documents. None of Bona’s core values were altered in this process. Women 67% 67% Men 33% 33% Group Management 9 10 Women 33% 30% Men 67% 70% SECTION — 28 SECTIONIIII — 4 SECTION — 29 SECTIONIIII — 5 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT GENERAL INFORMATION GENERAL INFORMATION The table below provides an overview of Bona’s group-wide policy documents. The chemical industry consumes a significant amount of energy and, with current energy systems, is also responsible for large greenhouse gas emissions. We are working to reduce climate impact in our production, distribution, and transports, as well as within our supply chain through collaboration. We have also successfully reduced our climate impact in Scope 1 and 2 significantly. Global Group Policies Policy Owner Updates Bona Business Model Graphic Resource use and circular flows are challenges for both the flooring and chemical industries. In the long term, creating circular flows Workplace Policy SVP Human Resources Minor update in our operations is part of our business strategy and a critical success factor for us in the medium term. Anti-Discrimination Policy SVP Human Resources Previously a local policy Business model and value chain Bona’s business model can generally be divided into resources, business activities and competencies, products, systems and Alcohol and Drug Policy SVP Human Resources Previously a local policy services, and value creation for stakeholders, as shown in the diagram below. Corporate Communication SVP Global Marketing & Communications Minor update Data Integrity (GDPR) Bona Group Data Protection Officer Minor update Innovation For Production Sustainable of Solutions Gifts and Representation CFO Minor update Solutions Company Cars SVP Human Resources Minor update Filling & Packaging Innovation SVP Research & Development Minor update IT CFO Minor update BUSINESS INPUT ACTIVITIES AND OUTPUTS OUTCOMES Chemicals COO Minor update Resources Products, systems & Services Value Creation for Stakeholders COMPETENCES Pricing SVP Product Management Minor update Recruitment SVP Human Resources Minor update Distribution Centers & Warehouses Safety, Health, and Environment (SHE Policy) COO Minor update Sales, Procurement COO Minor update Marketing Training & Insights & Support Social Media SVP Global Marketing & Communications Minor update Media Relations SVP Global Marketing & Communications Minor update Resources Sustainability CEO Minor update For the manufacture of chemical products, Bona uses chemicals as raw materials, as well as water and energy. Machines, tools, and consumer products such as cleaning equipment, etc., are purchased directly from our suppliers. The packaging materials used Business Travel SVP Human Resources Minor update consist of paper, plastics, and metal. Whistleblowing SVP Human Resources Minor update Bona’s innovation, through research and development, make it possible for a high level of control over raw materials. This contributes to continuously more sustainable solutions and premium products in terms of quality and performance. Some of Bona’s raw materials Work Environment SVP Human Resources Minor update are energy-intensive in their production. Therefore, Bona chooses to invest in its own energy production and increase the proportion of purchased renewable energy. Water quality is of great importance to Bona, as it is a key component in many of Bona’s products, which places high demands on water management. Business activities and competences STRATEGY A large proportion of Bona’s production, warehousing, and distribution is managed in-house, giving Bona control over resources and enabling us to set and pursue our own sustainability targets. Innovation for sustainable products is given significant importance, along with proximity to production units and customers, efficient transport and energy solutions, and a good working environment. We adhere to high standards of health and safety in our production. Our sales rely on customers making sustainable choices, and Strategy, business model and value chain we therefore strive for as fact-based marketing as possible. Bona’s business model is based on maintaining and renovating floors instead of replacing them, which reduces climate impact by decreasing resource consumption within the flooring industry. Our sustainability vision is to lead the sustainability transformation of our Products, systems, and services industry, caring for people and the planet. Sustainability is therefore an integrated and essential part of both our business strategy and Bona’s system of solutions includes a complete range of products, services, and support offered globally. Systems and products business model. are developed to be of the highest quality and safety. The vast majority of our offerings consist of solvent-free products, although, in some regions, there is still demand for alternatives. An important part of the offering is the training and certification of craftsmen who How sustainability is linked to the business strategy use Bona’s products, as well as accessible and reliable support and service. Sustainability is connected to Bona’s business strategy as a prioritized area with a clear plan. We invest in sustainable innovation by developing products that focus on safety and health while minimizing environmental impact. Bona was early to introduce solvent- Value creation free products, which today represent nearly all of our production of chemical products. Our products meet strict environmental We strive for Bona to create long-term value for our stakeholders. Our offerings contribute to more floors being renovated instead requirements to remain competitive, and we aim to stay at the forefront of this development. We maintain a list of substances that we of replaced, reducing climate impact and resource use. We also prioritize the health and safety of craftsmen and consumers in our proactively strive to phase out from our products. offerings. Additionally, Bona aims to be an attractive workplace where engaged employees have opportunities to grow. At the same For us, it is strategically important that our products receive certifications within our industry. By investing in the training of craftsmen, time, our operations have a negative environmental impact due to the energy we consume and the resources we use. We actively we also aim to optimize their use of our products from a safety, health, and environmental perspective. work to reduce this impact. SECTION — 30 SECTIONIIII — 6 SECTION — 31 SECTIONIIII — 7 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT GENERAL INFORMATION GENERAL INFORMATION Our stakeholders and their interests and views Prioritised sustainability Stakeholder Description Form of dialogue information Bona has many stakeholders who either impact or are affected by our operations. Therefore, it is important that we maintain an ongoing dialogue with them to understand which sustainability issues they prioritize and how we should structure the content of our Civil and Organisations representing Greenhouse gas emissions, Collaboration and reports. sustainability reporting. Below, we have categorized our stakeholders into two groups: those affected by our operations and those Environmental environmental and societal use of raw materials, and anti- who use the sustainability information that we report. Organisations interests. corruption issues. Stakeholders affected by Bona’s value chain Authorities, Authorities request information Health and safety, substances Collaborations with industry Form of dialogue and Industry and on the handling of chemical of concern, water. and academia, with trade Stakeholder Description Prioritised sustainability issues collaboration Academia processes. associations and authorities in several countries. Employees Our employees working in A good work environment, Employee surveys & production, distribution, or health and safety, reasonable workshops. administration across many parts working hours. of the world. Results of Bona’s Stakeholder dialogue 2024 Workers in the Craftsmen using Bona’s Health and safety, quality, good Training & workshops as well In 2024, Bona conducted an employee survey and a targeted stakeholder dialogue with financial market actors, customers, and value chain products for floor installation and working environment, and as ongoing dialogue. renovation. labour rights. suppliers. The results of this targeted dialogue are summarized as follows: • Health and safety are important for Bona to manage across the entire value chain. Workers in the supply chain, • Reporting of greenhouse gas emissions is essential. primarily located in Europe and North America but also in Asia. • Training craftsmen is important – there is currently some resistance among craftsmen to renovate. • Bona’s suppliers and customers have ambitions to establish circular resource use. Consumers & Floor owners who use and live Health and safety, quality, Customer surveys & dialogue. end-users with Bona’s products. and environmentally friendly Material sustainability topics products. Bona’s business operations have an impact on sustainability issues throughout the entire value chain. Key environmental topics include climate, substances of concern, and circular resource flows. Our main social topics encompass health and safety for our The The environment and society Climate impact, water Collaboration with scientific employees and users of our products, along with good working conditions within our supply chain. Business ethics and proactive environment represented by environmental consumption, resource usage, institutes (IVL). Dialogue, measures to prevent corruption and bribery are fundamental to our operations. and civil organisations. and business ethics. reports, and regulations. Below is an overview of Bona’s material sustainability topics. A sustainability topic can be considered material both from an impact perspective and a financial perspective, often from both simultaneously. An impact perspective means that Bona’s operations or value chain have a positive or negative impact on the environment, people, and society. The financial perspective means that a sustainability topic can result in business risks and opportunities for Bona in the short, medium, or long term. Users of sustainability information Actions and policies to address sustainability topics are reported under the section “Guiding principles for addressing sustainability matters” (see Section II, page 29) as well as under each sustainability topic below. Prioritised sustainability Stakeholder Description Form of dialogue information Material Positive and negative impacts Business risks & opportunities Financial market Banks and investors requiring Climate information, Dialogue with banks and sustainability topic actors information on sustainability management of health and reports from credit rating impacts in loan and investment safety, and business ethics. agencies. The chemical and flooring industries are Bona relies on energy-intensive raw materials portfolios. Climate energy-intensive, and the majority of Bona’s and energy-demanding production. High Climate Change and greenhouse gas emissions occur in the energy prices and taxes on greenhouse gas Energy Customers & Retailers primarily in the Greenhouse gas emissions and Dialogue with and surveys supply chain and customer chain during emissions may, in the medium term, lead partners USA and Europe requesting resource usage. from customers. the production of raw materials, transport, to increased costs for procurement and sustainability information from and distribution. In our own operations, production. their suppliers. greenhouse gas emissions arise from our vehicle fleet and energy consumption in offices, warehousing, and production. Suppliers Suppliers of raw materials Greenhouse gas emissions and Dialogue and collaboration. requesting sustainability infor- resource usage. mation about their entire value Pollution Inadequate handling of chemical processes Bona must meet high standards and chain. can result in chemical substances leaking regulations within the chemical industry Substances of into nature. and actively phase out substances of concern concern. Risks include legal and reputational Substances of concern are found among consequences. Substances of very Bona’s suppliers as well as at Bona’s own high concern production facilities. Bona’s investments in low-impact products are expected to have positive effects on Bona’s revenue. SECTION — 32 SECTIONIIII — 8 SECTION — 33 SECTIONIIII — 9 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT GENERAL INFORMATION GENERAL INFORMATION IMPACT, RISK, AND OPPORTUNITY MANAGEMENT Material Positive and negative impacts Business risks & opportunities sustainability topic Circular economy The use of non-renewable materials, such Increased regulation within waste Process for materiality assessment as polymers in the production of water- management across the entire value chain Resource use: inflow based lacquers and plastic in mops and could lead to higher costs for Bona. and outflow packaging. Bona’s products are distributed Bona follows the steps below to identify and assess which sustainability topics should be reported in the sustainability report. in approximately 90 countries, many of which do not have sufficiently developed waste STEP 1: In the first step, stakeholder dialogue is conducted, and relevant contextual information is gathered to form the basis of the management systems. materiality assessment. This information may include, for example, changes in the business during the year that could impact our sustainability agenda, as well as relevant scientific reports. Own workforce High standards and a preventative approach Bona’s production in Sweden, Germany, to health and safety are crucial in chemical and the USA is subject to strict regulations, STEP 2: In the second step, we identify potential sustainability topics that are essential to assess. We base this on the list provided Working conditions production to avoid injuries and incidents in and Bona adheres to the most ambitious in ESRS (AR16) as well as the metrics and indicators used by Bona in the previous year. Bona’s production facilities. standards and routines. Failure to maintain a good working environment could lead to legal STEP 3: In the third step, threshold values are applied to assess which sustainability topics and sub-topics are material for Bona to consequences and reputational risks. report. We use criteria for both impact and financial materiality. The assessment is discussed and finalized in a workshop involving relevant decision-makers and specialists/experts within Bona’s organization. Finally, the materiality assessment is approved by Workers in the value Craftsmen using two-component lacquers Regulations for increased due diligence Bona’s Board of Directors. chain may be exposed to harmful substances if reporting throughout the value chain could not handled correctly. Craftsmen may also result in higher costs and reputational risks if The results of the assessment also form the basis for further development of Bona’s sustainability agenda. Additionally, the Working conditions face exposure to non-ergonomic working Bona does not proactively comply. responsibility for continuously identifying and managing sustainability impacts locally lies with Bona’s production facilities as part of positions. their work in accordance with relevant ISO standards. Bona’s waterborne solutions have less impact on craftsmen compared to products In the sections below, we explain how we work to mitigate our impacts and reduce the risks related to our material environmental, based on organic solvents. social and governance topics. Business ethics Corruption and bribery are present in Corruption and bribery linked to Bona’s international business and have negative operations could lead to increased costs, lost Corruption and effects on societies and businesses if not business opportunities, legal actions, and bribery addressed. Global companies must operate reputational damage. transparently, and their anti-corruption measures must meet international business ethics standards. The figure below illustrates where in Bona’s value chain the impacts, risks, and opportunities related to sustainability topics arise. UPSTREAM OWN OPERATIONS DOWNSTREAM Climate impacts ENVIRONMENT Energy Substances of concern & substances of very high concern Resource use ETHICS RESPONSIBILITY SOCIAL Working conditions & health and safety BUSINESS Anti-corruption SECTION II — 34 10 SECTION II — 35 11 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT ENVIRONMENTAL INFORMATION ENVIRONMENTAL INFORMATION Bona conducts active and structured environmental management, with targets and plans implemented locally by the company’s Action Purpose Part of value chain various facilities. This work is based on both the group’s shared policy documents and international ISO standards, which are implemented locally according to relevance and need. Dialogue with our main material Reducing greenhouse gas emissions Supply chain and transport suppliers Membership in ‘SmartWay’ to CLIMATE CHANGE prioritise more efficient transport Reducing greenhouse gas emissions Own operations (USA) from fossil fuels in Bona’s transport whenever possible Bona’s climate impact arises from our production, warehousing, and transportation. We are working to reduce our climate impact Reducing greenhouse gas emissions Continuous work towards more Own operations (global) through policies and actions. Bona plans to adopt a climate transition plan in 2025. Our material topics include reducing climate efficient global transport solutions from fossil fuels in Bona’s transport impact and improving energy efficiency. Improved packaging and efficient Reducing resource usage Own operations processes Policies related to climate change Energy efficiency measures Reducing greenhouse gas emissions Own operations Bona’s climate policy is part of the group’s Safety, Health, and Environment policy, which applies to all Bona subsidiaries. The climate policy covers the following areas: Purchase of energy with low climate Reducing greenhouse gas emissions Own operations • Reducing climate impact impact • Energy efficiency • Increasing the use of renewable energy Reducing travel – more virtual Reducing transport Own operations meetings To reduce our direct and indirect climate impact, our policy is to: Policy for new company cars Reducing greenhouse gas emissions Own operations • Reduce the use of fossil fuels in vehicles we own and/or lease. • Minimize energy usage in our production, warehousing, and office operations through intelligent solutions for lighting, heating, ventilation, and insulation. • Generate and use renewable energy, such as solar panels and geothermal heating. • Purchase renewable energy certificates. Internal carbon price • Measure and minimize climate impact during transportation. Bona uses an internal carbon price of €200/ton in connection with investments. The carbon price is determined by the sustainability • Engage in dialogue with our partners to reduce climate impact. board and is adjusted as needed. At the time of deciding the current carbon price, ETS was approximately €100/ton. The carbon price allows us to include savings in the form of carbon dioxide in our calculations for investment decisions. General management is responsible for ensuring Bona’s climate policy is followed. Metrics and targets Actions to reduce climate impact Bona has set short-, medium-, and long-term targets to reduce its greenhouse gas emissions. See the table on Bona’s gross Our systematic approach to quality and environmental work is based on and regulated by ISO certifications. These certifications greenhouse gas emissions under Scope 1 and 2. We measure our energy use and greenhouse gas emissions across the entire group. ensure a systematic approach to environmental management, providing a framework for identifying, monitoring, managing, and improving the environmental performance of Bona’s operations while minimizing impacts related to energy consumption. Below, we report the Bona Group’s energy consumption and greenhouse gas emissions for the reporting period. Some corrections have been made to previously reported Scope 2 data in the 2023 Annual and Sustainability Report. During the reporting period, a All of Bona’s production facilities are certified according to ISO 14001 (Environmental Management System). Some facilities are also new subsidiary in Australia was added to the reporting. Energy consumption data for the Malmö headquarters became available and certified under additional ISO standards specific to their operations: was included in the reporting. Two offices in France were closed in June and only reported for the first half of 2024. The emission • Bona Sweden, Malmö (Sweden): ISO 14001, ISO 9001, ISO 45001 factors for 2024 have been updated. • Bona GmbH, Limburg (Germany): ISO 14001, ISO 9001, ISO 50001, ISO 45001 • Bona USA, Monroe, North Carolina (USA): ISO 14001, ISO 9001 Energy consumption • Bona USA, Pueblo, Colorado (USA): ISO 14001 Bona’s energy use mainly refers to the production of chemical products and heating/cooling for warehouse and office facilities. The table below shows Bona’s energy consumption and energy mix in its own operations, including purchased electricity. Bona organizes its management of climate and environmental impact through a structure consisting of four expert teams, each with specific goals. The expert teams include personnel with targeted expertise from across the organization. The four expert teams focus on Raw Materials; Packaging; Production; and Transport, Warehousing, and Procurement. These teams work cross-functionally to Energy consumption and energy mix 2024 2023 2022 mobilize different skills and insights, creating new initiatives to achieve their assigned goals. Consumption of purchased or acquired electricity, heat, steam, and 3 752 6 606 5 499 The expert teams aim to reduce the group’s climate impact in areas such as raw materials, production facilities and offices, cooling from fossil sources (MWh) packaging, and logistics. Raw material supply and usage have also been identified as a risk area, where Bona is implementing Share of fossil sources in total energy usage 31,62% 55,32% 50,94% various improvement measures to address potential future challenges in raw material supply. Consumption of purchased or acquired electricity, heat, steam, and 7 814* 5 023* 4 822 cooling from renewable sources (MWh) Measures made to reduce climate impact within Bona’s own operations and across the value chain Consumption of self-generated non-fuel renewable energy (MWh) 301** 311** 473** Total renewable energy consumption (MWh) 8 116 5 335 5 295 Action Purpose Part of value chain Share of renewable sources in total energy consumption 68,38% 44,68% 49,06% Solar panels, geothermal heating, Access to renewable energy Own operations (Sweden, Germany, and battery solutions and USA) Total energy usage (MWh) 11 867 11 941 10 793 *The figure includes electricity from nuclear energy. **The figure does not include geothermal heat production. SECTION II — 36 12 SECTION II — 37 13 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT ENVIRONMENTAL INFORMATION ENVIRONMENTAL INFORMATION Bona is working to improve energy efficiency in its operations and increase its own production of renewable energy, such as POLLUTION geothermal heating and internal solar power production (which amounted to 566 MWh during the period, of which 265 MWh was sold externally). The high proportion of renewable energy in the energy mix is primarily due to the purchase of certificates. Bona strives to be an environmentally focused company, which for us means that we want to manage our operations to minimal Energy usage per produced unit has also been moving in a positive direction since 2023 (see table below). negative impact on the environment. We ensure that our products meet applicable legal and safety standards and pose no health risks when used as intended. Energy intensity based on production volume 2024 2023 2022 Total energy consumption per produced unit (kWh/tonne) 473 479 404 Policies related to chemical products Bona’s policy for chemical products includes, among other things, that the following substances should not be used in our products: Number of reporting sites 30 28 27 • Substances confirmed to cause cancer, be mutagenic, or toxic to reproduction. This applies regardless of classification in regional markets or whether such classifications have been fully implemented in legislation. • Substances classified as Substances of Very High Concern (SVHC) by the European Union. Greenhouse gas emissions Bona’s greenhouse gas emissions in Scope 1 primarily concern mobile combustion, which accounts for approximately 96% of emissions in this scope. Scope 2 greenhouse gas emissions are mainly related to energy consumption. The table below shows the outcomes and Measures to manage chemical products targets for Bona’s greenhouse gas emissions. Issues related to chemical usage are managed centrally within the group, where a global phase-out list of specific chemicals has been established. Our systematic work on quality and the environment is based on and verified by ISO certifications. Substances of Concern and Substances of Very High Concern (SVHC) have been identified as key sustainability topics for Bona. Our own production generates minimal pollution and therefore any negative impact arising from our operations is primarily linked to Outcomes Targets sales of products. Measures taken by Bona to manage and reduce pollution include: Change Bona’s gross greenhouse gas Baseline • Phasing out chemicals of concern and choosing alternatives with improved environmental profiles. A challenge in this phase-out 2024 vs. emissions in Scope 1 and 2 2022 2023 2024 baseline 2024 2026 2040 work is the time it requires, where the difficulty lies partly in finding alternatives, and partly to ensure product quality. • Continuously updating our phase-out list and monitoring developments in the industry regarding new chemical information Scope 1 emissions (tonnes CO2e): 780 746 672 -14% 659 -50% -100% relevant to the company. » Great care is taken in evaluating new chemicals. » Regular reviews of existing raw materials across our global operations. Scope 2 emissions (tonnes CO2e): 1560 1810 826 -47% 1443 -50% -100% » Use of closed production systems when required and specific continuity plans for each production unit. » Biannual chemical risk assessments. Total greenhouse gas emissions 2340 2556 1498 -36% – – – (tonnes CO2e)*: Metrics and targets Total greenhouse gas emissions – – 672 – – – – Bona has an ambition to become completely PFAS-free on a global level in the long run. We also have a defined timeline for phasing (location-based): out specific substances, prioritizing them based on risk profiles rather than classification. Total greenhouse gas emissions Our achievements include, among other things: – – 1498 – – – – (market-based): • Phasing out PFAS in Bona USA, Sweden (for industrial products), and Germany. Work to phase out PFAS in the production of water-based lacquers in Malmö is ongoing. *Energy consumption for 2023 was corrected after the 2024 target was set. • Completion of phthalates phase-out from our adhesive production in the USA in 2024. • Phasing out two-component epoxy from our product range in 2024. For 2024, our goal was to complete at least 80% of planned phase-out activities. The three phase-outs mentioned above are not During the reporting period, Bona significantly reduced its Scope 2 greenhouse gas emissions. This was primarily due to the purchase included in this target, as the measurement relates specifically to activities planned for 2024. The planned phase-out activity for 2024 of renewable electricity certificates in the North American market, as well as implemented measures to improve energy efficiency. In was completed, achieving the goal. Sweden and Germany, our Scope 2 emissions are already very low, so the focus has been on energy consumption in North America. The table above also shows a reduction in Scope 1 greenhouse gas emissions, indicating our ongoing transition from combustion Phase-out activities 2024 2023 2022 engines to other fuels such as electricity. Our conclusion is that the conversion has been slower than our goal, and the pace needs to increase to meet our 2026 targets. Completed activities 1 of 1 4 of 11 0 of 4 Greenhouse gas emissions per produced volume are largely related to the purchase of renewable energy certificates but are also The table above replaces the 2023 table ”Chemicals with an improved profile (in terms of safety, health, and the environment).” The proportion of risk-assessed new raw materials connected to continuous improvements in our equipment and production processes. and the number of internal audits conducted are no longer reported. Bona evaluates all new chemicals and regularly reviews existing raw materials across its global operations as part of its standard practices and risk management. Greenhouse gas intensity 2024 2023 2022 Substances of Concern and Substances of Very High Concern Substances of Concern and Substances of Very High Concern (SVHC) are handled by professional craftsmen trained in their proper Total Scope 1 and 2 emissions (kg CO2e) per tonne produced unit 60 103 88 use. End consumers are subjected to very low (or no) exposure. In relation to Bona’s total production, substances of concern and SVHCs form a small proportion. SECTION II — 38 14 SECTION II — 39 15 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT ENVIRONMENTAL INFORMATION SOCIAL INFORMATION RESOURCE USE AND CIRCULAR ECONOMY OWN WORKFORCE Bona’s business model is based on renovating and maintaining floors, which increases resource efficiency within the flooring industry. We aim to optimize resource use in our operations and together with business partners across our value chain. We are working to As a global company, Bona respects human rights and complies with all relevant laws and regulations in the countries where the gain access to reliable data, with the main challenge being data collection from our suppliers. company operates. Bona strives to mitigate and minimize risks for its employees; ensure fair and decent working conditions; promote diversity, inclusion, and equality; and maintain fair wages. The key resources used in the production of Bona’s products are: • Raw materials for chemical products • Water Policy related to own workforce • Energy Bona’s global group policy documents and Code of Conduct clarify the behaviour and responsibilities expected of the group’s • Plastic packaging employees. The Code of Conduct describes Bona’s approach to the workplace, human rights, and how all employees should conduct business. Work related to the area of ‘Personnel’ is also governed by specific policy documents on Safety, Health, and Environment (SHE Policy); Work Environment; Recruitment; Corporate Communication; Whistleblowing; and local employee handbooks. Policies related to resource use and circular economy Bona’s policies related to resource use and circular economy are included in our sustainability policy and chemical products policy. Working conditions These include, among other things, that Bona: Through its Work Environment Policy, Bona aims to create a fair and equitable workplace. This policy is applied globally and serves as a framework for establishing local, country-specific guidelines at each site. All new employees undergo an induction program • Should use resources that are reusable to the greatest extent possible. that includes an overall job description and an introduction to Bona’s Code of Conduct and global group policy documents. • When sourcing raw materials, sustainable choices that are renewable or recyclable should be chosen. Annual development discussions are held between employees and their immediate managers, providing opportunities to discuss • Wherever possible, renewable and recycled materials should be used in packaging. skill development. Wages are determined by the complexity of the role, level of responsibility, market value, and the individual’s performance, commitment, and competence. Actions to reduce resource use Diversity, inclusion, and equality Bona welcomes diversity and the strengths an international workforce brings, which are essential for the group’s continued innovative Bona has taken actions to reduce resource use, primarily by decreasing the amount of fossil-based virgin plastic in the packaging of power, growth, and relevance. This is a key part of the group’s Work Environment Policy. Employees are encouraged to collaborate on our products. We also produce efficient and largely bio-based cleaning agents. Bona has recently launched a cleaning product with cross-border and cross-functional projects, enabling the exchange of creative ideas and new perspectives. Many of the company’s more than 90% bio-based content. current functions and projects are cross-functional. Training and development Metrics and targets Bona works to attract, retain, and develop its employees to meet the demands of a rapidly changing industry. This is achieved Bona aims to reduce the amount of fossil-based virgin plastic in its primary packaging materials by 50% by 2025 and by more than through continuous skill development and various support systems. Through the strategic learning and communication platform 55% by 2026 (base year 2020). The table below shows the percentage of fossil-based virgin plastic that Bona has replaced, mainly with ‘One Bona’, available on the e-learning platform BonaTrainingCamp, the group creates conditions for that its international workforce recycled plastic (PCR). operates as one company and communicates with one voice despite geographical distances. The platform enables knowledge sharing and alignment of initiatives with Bona’s strategy using interactive training and workplace meetings. Percentage of replaced fossil-based virgin plastic 2024 2023 2022 Safe and Healthy Work Environment The SHE Policy states that safety, health, and environmental aspects must always be prioritized in all Bona processes. Each individual Percentage of replaced fossil-based virgin plastic, (compared to 2020) 34,6 29,6 8,8 is responsible for following the instructions and procedures defined by Bona and reporting the risks, which is ensured by appropriate information and training. Bona’s work on safety, health, and the environment is planned, monitored, and reviewed continuously to identify and implement possible improvements. Depending on function, parts of Bona’s organization are certified according to For 2024, the target was to replace 37% of fossil-based virgin plastic in Bona’s plastic packaging, a goal that was nearly achieved. relevant ISO standards for quality and work environment, specifically ISO 9001 (Quality Management) and ISO 45001 (Occupational One reason the target was not fully met was the longer-than-expected timeline for implementing PCR in US-based adhesive and Health and Safety Management). Compliance with ISO standards is audited by internal and external reviewers. lacquer packaging. Plastic packaging for consumer products in the US has already been replaced with approximately 30% PCR. Our medium-term targets are affected by the limitation on how much recycled plastic can be used in packaging while maintaining necessary quality. Risk management and actions High-quality production reduces resource use. Bona’s goal is that quality-related costs as a percentage of sales costs should not Potential work environment risks include workplace accidents, stress, and work-related health issues. Bona collaborates with exceed 0.5% of sales. authorities in its preventative work to ensure preparedness for potential accidents and to minimize and mitigate any impact. As a foundation, Bona adheres to relevant laws, regulations, permits, and other requirements from authorities in the countries where the group operates. Costs related to quality issues 2024 2023 2022 Bona’s goal is to establish a higher standard for improvements within the framework of a healthy business. Risks are managed through various initiatives such as safety and health meetings, healthy workplace campaigns, well-being programs, and training on Quality costs as a share of sales costs, percent 1,3 0,8 2,1 inclusion, diversity, and anti-discrimination. In different parts of the organization, employees are allowed to work remotely to support work-life balance, provided their job responsibilities allow for it. Costs associated with quality issues increased in 2024. During the year, Bona reduced its use of an outsourced warehouse function in the US, transferring most of the inventory to Bona’s own distribution centre. SECTION II — 40 16 SECTION II — 41 17 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT SOCIAL INFORMATION SOCIAL INFORMATION Actions Purpose Percentage of employees who had performance reviews (%) 2024 2023 2022 • All employees are trained in Bona’s Code of Conduct, Prevent discrimination and harassment in the workplace. Sweden 100 100 84 which includes Bona’s values as well as guidelines and Germany 95 96 87 stances against discrimination and harassment. Rest of EMEA + APAC (excluding Australia) 100 99 100 • A whistleblower hotline and system has been Prevent discrimination and harassment in the workplace. North America 98 93 95 established for reporting all serious incidents in collaboration with an external third party. Australia* N/A N/A N/A • All reported cases are handled according to an *Data for the Australian subsidiary, acquired in 2024, has not yet been fully integrated into Bona’s systems. established process. • Focused recruitment procedures and training programs Reduce employee turnover. Work-related incidents and accidents (number) 2024 2023 2022 for managers and employees. Sweden 3 3 1 • We provide career development opportunities and encourage more senior employees to mentor new hires. Germany 13 12 3 Rest of EMEA + APAC (including Australia) 0 0 N/A • Safety training for production staff. Prevent health risks for Bona’s employees during the production process, such as exposure to dust and toxic North America 16 9 10 • Closed production systems and specific continuity chemicals. plans for each production unit. Total number of accidents 32 24 14 • Rules and training on the use of protective equipment. Bona encourages employees to report all types of incidents, which typically leads to a high number of reported events. • Internal systems for reporting risks, incidents, and improvement suggestions. None of the reported incidents above resulted in any serious accidents. The increase in reported incidents in the US reflects a sharp growth in their workforce during the reporting period. Bona will begin differentiating between accidents and incidents in its statistics • Chemical risk evaluations. from 2025. • Bona Group’s HR policy includes guidelines for Market-competitive salaries and career opportunities. recruitment, salary discussions, and equal treatment, WORKERS IN THE VALUE CHAIN applicable across all units of the organization. Good working conditions throughout the value chain are a priority for Bona. This applies both to craftsmen using our products and • Local salary surveys are conducted to develop and to workers in the supply chain. update salary ranges and structures, as well as to maintain competitiveness in the labour market. Policies related to workers in the value chain • Development opportunities are offered to all employees Bona takes the potential impact of its products and processes on safety, health, and the environment seriously. The Safety, Health, where relevant. and Environment Policy outlines how these issues should always be prioritized within the company and in the development of products across the group. Bona’s Innovation Policy also establishes sustainability as a priority in the development of new products. • All vacant positions are advertised within the organization, and eligible employees are encouraged to Bona’s global procurement policy requires suppliers to adhere to Bona’s Code of Conduct, which will be implemented in 2025. The discuss opportunities with their immediate supervisors Code of Conduct outlines Bona’s approach to the workplace and its respect for human rights and fundamental labour rights. Over and apply where appropriate. the next year, the policy will be further clarified, and routines to better monitor and evaluate our suppliers will be established. During 2024/2025, work will continue to develop a specific Code of Conduct for our business partners and to implement a new supplier evaluation process. Metrics and targets Risk management and actions Metrics related to the area of ‘Personnel’ vary depending on the specific national context. Bona conducts multiple evaluations Bona actively works to ensure our products are safe for users. Some products contain chemicals that may pose health risks if used and programs, both globally and locally, to measure and follow up on its work, as well as to identify potential risks and areas for incorrectly. To address this, Bona provides necessary information and offers specialized training and education on the safe handling improvement. Depending on the country of operation and national legislation, measurements include the number of employees, of products to all craftsmen. gender, age, nationality, workplace accidents, sick leave, and other types of absence. The group as a whole also measures completed performance reviews, both internal and external training hours, as well as health and wellness activities. In addition to complying with current legislation, Bona acts proactively by phasing out chemicals deemed harmful to health whenever possible (see the section on pollution). Dust is a significant occupational health issue for craftsmen, with a negative impact on their health. Through the Bona Dust Containment System, we offer a solution for dust-free sanding. SECTION II — 42 18 SECTION II — 43 19 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT SOCIAL INFORMATION GOVERNANCE-RELATED INFORMATION Bona works with a select number of suppliers, prioritizing long-term relationships, which has enabled close dialogue on social BUSINESS CONDUCT issues such as working environment and conditions. Despite this, there is limited visibility with suppliers in certain markets. All our suppliers are expected to ensure that their employees have a safe workplace, where human rights and fundamental labour Bona is a global company with a responsibility to act ethically in business and actively combat bribery and corruption in rights are upheld and respected. In cases where there is a perceived risk that a supplier does not meet Bona’s requirements, international operations, in line with international standards. physical visits are conducted by Bona staff. Suspected or potential irregularities and direct violations of Bona’s guidelines are reported according to the organizational structure (to the next manager) to the COO and onward to the group management team. Close collaboration with suppliers increases Bona’s ability to influence structured quality and environmental management systems Policies and Risk Management and drive progress towards reduced negative impacts on safety, health, and the environment in our value chain. An important part Bona has zero tolerance for all forms of bribery and corruption. Clear guidelines are established in several group-wide policy of this is Bona’s use of ISO-certified suppliers or those with similar processes in place. documents, specifically Bona’s Code of Conduct, Pricing Policy, Procurement Policy, Gifts and Entertainment Policy, Business Travel Policy, and Whistleblowing Policy. All business partners can report concerns via the whistleblowing system available on Bona’s website. Situations with increased risk of corruption include business trips, customer and sales events, and supplier gifts. Bona works to reduce these risks through the communication of policy documents, employee onboarding, and approval processes. Actions Purpose • We offer Bona certifications and training for Safe handling of products, including health and Prevention and Detection of Corruption and Bribery professional craftsmen through the Bona Certified environmental risks. Craftsman Program. Suppliers are regularly evaluated by Bona’s quality and purchasing departments. This process involves several steps to enhance the chances of identifying potential risks early on. By selecting suppliers located in low-risk areas, the risk of corruption or breaches of • Online training materials are available via Bona Training human rights is reduced. If a supplier is deemed a potential risk, Bona’s personnel conduct on-site audits. Camp and through 22 training centres in 17 countries. • Product labelling and safety data sheets. • Bona Dust Containment System. Metrics and Targets Bona monitors its efforts related to ‘Combating Corruption’ through data such as the number of whistleblowing cases and incidents of • Visits to suppliers in countries with higher risk. Compliance with international labour and human rights corruption. In addition, the company also tracks the proportion of employees who have undergone training in Bona’s Code of Conduct. guidelines, using the EU directive CSDDD (Corporate • Dialogue for third-party evaluations of suppliers. Sustainability Due Diligence Directive) as a benchmark. New employees introduced to Bona’s Code of Conduct (%) 2024 2023 2022 EMEA/APAC 100 100 100 Metrics and Targets NAM/LAM 100 100 100 For the reporting period, Bona measures and reports the sales of the Bona Dust Containment System and the number of supplier evaluations conducted during the year. As more craftsmen adopt the Bona Dust Containment System, their working environment improves by reducing dust exposure. Anti-Corruption Training Risk-exposed Other Employees Departments Sales of Bona Dust Containment System 2024 2023 2022 Number Trained Systems sold the past 10 years 9323 9048 8974 Total employees 40 650 Changes compared to the previous ten-year period, percent +3,0 +0,8 +5,7 Total employees trained during the reporting period 10 250 Changes in sales of high-performance systems compared to the previous +4,5 +1,1 +3,6 Type of training offered and duration ten-year period, percent Classroom training (h) 0,25 h 0,25 h Changes in systems sold compared to the previous year, percent +3,3 -22,4 -8,9 Voluntary computer-based training (h) 1h 1h Changes in sales of high-performance systems compared to the previous +2,9 +8,5 +4,1 Frequency year, percent How often training must be undertaken for own employees Every 3rd year Every 3rd year In 2024, global demand for our dust-free systems continues to grow, indicating increasing awareness among craftsmen about health issues and that our workplace training is delivering results. Voluntary computer-based training (h) 1h 1h Training topics covered Supplier evaluations cover parts of Bona’s suppliers based on a risk-based approach. As a new evaluation process is developed, goals and measurements will also be updated. Definition of corruption x x Policy x x Ongoing evaluation of Bona’s suppliers (rolling three years) 2024 2023 2022 Policy and anti-corruption training are part of a broader program that includes Bona’s business strategy and vision. The risk-exposed Supplier evaluations 64 43 78 departments referred to in the table are primarily procurement teams and those in customer-facing roles. SECTION II — 44 20 SECTION II — 45 21 STATUTORY SUSTAINABILITY REPORT STATUTORY SUSTAINABILITY REPORT GOVERNANCE-RELATED INFORMATION Number of reported incidents 2024 2023 2022 Reported incidents 12 11 3 The reported incidents include all types of deviations from Bona’s Code of Conduct, with varying levels of severity, which were either reported to the HR department or via Bona’s whistleblowing system. Convictions and fines for violation of anti-corruption and anti-bribery laws Number 0 Fines – Actions taken – SECTION II — 46 22 SECTION II — 46 23 Bona AB 556017-6488 ÅRSREDOVISNING