Munters accelerates thesustainability agenda
Grete Solvang Stoltz, GVP Sustainability, HR & Communication
Capital Markets Day 2024

To live our purpose we…

Offer resource-efficient
climate solutions and reduce CO2
emissions in the entire value chain
Promote a diverse and inclusive
culture and maintain high standard
in health and safety
Ensure high ethics and respect forhuman rights in all aspects of ourbusiness2

Well-positioned to capitalize on strong megatrends &be part off the solution for a more sustainable world

Climate change &resource scarcity

Urbanization and anaging & growingpopulation

Accelerating
digitization & use ofAI

Globalization
challenges & marketdynamics

2019-2020 Initiating

Launch purpose:
For customer
success and ahealthier planet* Carbon Disclosure Project

Integrated
sustainabilty intobusiness strategy.
Sustainability CoreTeam established

Set Serviceambition –Share of service
30% of net sales

Start reporting to
CDP* and adopted
the UN Sustainable
Development Goals

Health and safety
a priority. The zeroaccidents vision isformalized.

2021-2022 Formalizing

New target:
Net-zero emissionsin Scope 1 and 2 by2030

Launch of Amino
supply chainmanagementsoftware(FoodTech)

Launch of mandatory
sustainability training
for leaders

Scope 3 emission
mapping initiatedLaunch of I ACT andWorkday projects forunified HR reportingand training2023 Accelerating

Global Eco designand LCAs become
part of the productsustainability
strategy

Percentage of
renewable
electricity inproduction
facilities totals
80%

Consecutive trendof lower accident
rate (TRIR)

Extended training
in unconscious
bias is launched

Accelerate efforts
to map Scope 3emissions

2024 – Munters takes next step in future-proofing thecompany in line with the ambitions of the Paris Agreement

Conclude
Scope 3mapping

Develop CO2
reduction roadmaps in linewith 1.5°C Parisagreement

Establish CSRD
compliance

Included in the OMX
Sweden Small Cap
30 ESG Responsible
Index

Commit to theSBTi

ESG performance
management- part of business strategy
and operations

One strategic
target each for
E, S, and G
Expanded KPI
structure broken down
into Business Areasspecific KPIs andtargets
Sustainability performance
integrated into quarterly business
reviews, business plans, strategies
and budgets

Quarterly ESG reports provided by factories, assembly sites and offices

Sustainability targets sharpened to accelerate
2030 agenda: One strategic target each for E, S, and G

EReduce CO2e
Scope 1 & 2: net zero
Scope 3: aligned withthe Paris Agreement 1.5°C

SGender equity
30% women in workforce
and women leadersG

Code of Conduct

Continuous improvements
in compliance withMunters Codes of Conduct**Targeting 100% compliance for the Employee Code of Conduct, 100% for the Supplier Code of Conduct (Direct material) and a continuous increase in compliance of the Customer Code Conduct.

10Our people and culture:
The foundation of our businessOur Agenda: People, Culture and Structure is key to success

PeopleWelcome to• Capabilities to meet constant changes• Employer of choice with highly engaged people• Strong global talent pipeline• Excellent leadership with strong people skills

Culture• Collaboration and sharing• Growth mindset• Innovation driven• Flexible and adoptable• Safe, healthy, diverse & inclusive

Structure• Decentralized with common foundations at the rightlevel• Scalability• Excellent integrator• Adapt and renew organization to business needs• Strong performance management• Ways of working

2030

Key activities to elevate
People, Leaders, and Culture
I ACT leadership program & workshops
Manager@Munters, onboarding for newmanagers
Action learning program for strategic
projects
Change management program
Integration training for successful M&As
Workshops for gender diversity

Key takeaways

Future-proofed withsustainability integrated
into the business

CO2 reductions alignwith theParis Agreement 1.5°C

Our people and culture
pave the way for successThis presentation contains forward-looking statements that reflect Munters’ current
expectations on future events and Munters’ financial and operational development.
Although Munters believes that the expectations reflected in such forward-looking
statements are based on reasonable assumptions, no assurance can be given that suchexpectations prove to have been correct, as forward-looking statements are subject toboth known and unknown risks and uncertainties and a variety of factors that could cause
actual results or outcomes to differ materially from those expressed or implied by suchforward-looking statements. Such factors include, but are not limited to, changes in
economic, market, competitive and/or regulatory conditions. Forward-looking statements
speak only as of the date they were made and, other than as required by applicable law,
Munters undertakes no obligation to update any of them in light of new information arisingor future events.