This is NG Nordic's integrated annual report for 2024

The report provides an explanation of the group’s strategy, business model and value creation emphasizing how we have created value for people, the environment and society through 2024.

NG Nordic was established through the merger of NG Group and Fortum Recycling & Waste, bringing together two industry leaders to strengthen the circular economy in the Nordics. Summa Equity`s acquisition of Fortum Recycling & Waste through NG Group was finalized late 2024, NG Group and Fortum Recycling & Waste (Recycling & Waste or R&W) operated as separate entities throughout the year.

The report provides an overview of sustainability practices and metrics for NG Nordic, including all subsidiaries that are are fully or partially (more than 50%) owned as outlined in the Consolidated Financial Statements. It focuses on entities that are operationally controlled by NG Nordic, spanning the entire calendar year of 2024, from January 1st to December 31st.

The report contains financial data and the Consolidated Financial Statements, featuring NG Nordic as the parent company. This information is detailed in the section titled “Financial Reporting.” Fortum Recycling & Waste are included in the financial statements from November 29th 2024.

NG Nordic is a wholly owned subsidiary of Norsk Gjenvinning Norge AS, and the information related to sustainability policies, performance and targets for NG Nordic applies to Norsk Gjenvinning Norge AS. The report meets the legal requirements for corporate reporting as stipulated in section 3-3c of the Norwegian Accounting Act ("Regnskapsloven"), related to sustainability and social responsibility.

We started to implement and prepare our sustainability reporting in line with the EU Corporate Sustainability Reporting Directive (CSRD) and have kept that level of reporting despite the simplification proposals from the Omnibus package. The Board of Directors holds the responsibility for the assessment and approval of the reported financial and sustainability information, including the material topics for sustainability reporting.

For inquiries about the financial information presented in this report, please contact the Chief Financial Officer, Espen Krey Brettås, at espen.krey.brettas@ngnordic.com . Questions related to sustainability information can be directed to SVP, Head of Group Sustainability Hanne Fedje hanne.fedje@ngnordic.com