Siegling – total belting solutionsSUSTAINABILITY REPORT 2023
FORBO MOVEMENT SYSTEMS2

SIEGLING –TOTAL BELTING SOLUTIONSAt Forbo Movement Systems we provide total belting solutions for thevarious requirements of a wide range of sectors across the globe. As a
global leader and trend-setter in movement systems, we create bestin-class solutions that enable our customers to make their global operations more efficient. But our commitment extends beyond efficiency
and competitiveness to driving environmental responsibility. We drive
the change by putting all our passion into research and development
and continuous improvement in order to increase our customer’s sustainability performance.
We are committed to making a difference. By incorporating sustainable practices into our products and operations, we empower our customers to navigate a more environmentally conscious future. We firmly
believe that a commitment to sustainability is integral to success, andour solutions reflect this mindset by offering a balance of performance,

environmental responsibility, and service orientation. Our dedicationand expertise bring more rewarding perspectives to all our stakeholders.
Our employees are key to the success of our company. Their health andsafety are paramount. In our sites around the globe, this aspect enjoys
high priority and is vital to good business practices that ensure efficientand sustainable business processes inside the company and across all
interfaces. Forbo is committed to fair treatment of all employees andstrives to uphold internationally recognized standards of fairness,honesty and integrity.
In this year’s sustainability report, we acknowledge the progress we havemade in 2023 and look at focus topics for further advancement.

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CONTENT
4

21

INTRODUCTION

5
Message from
Marc Deimling
6
Key achievements in 2023
7
Our ambition – our way
8
Top priorities |mid-term goals
10
Our sustainability story
11
Action speaks louder
than words

ENVIRONMENT

12
About us
Organization
History
Value stream
Product lines
Main market segments

22
Overview

17
Reporting scope, frameworkand standards

24
KeynoteOpportunities due toclimate change

18
Materiality analysis
and focus topics

23
UN Sustainability
Development Goals
Environment

55

43
Overview

56
Governance framework
Code of Conduct
Risk management and evaluation

SOCIAL32
Success story
Here comes the sun
33
Waste
35
Sustainable materials
36
Sustainable products
and services

25
Results 2023: CO2 emissions
29
Energy“Strategic sustainability management means making
a positive impact and taking actions step by step.”
Mona Hollborn page 11

42

GOVERNANCE

44
UN Sustainability
Development Goals
Social

57

45
Health and safety
48
Sustainable supply chain
49
Sustainable products onlywith sustainable supply
chains

ANNEX

58
GRI content index
61
Glossary50
We care about each customer
requirement
51
Corporate culture52
Our workforce

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INTRODUCTION

5

INTRODUCTIONMESSAGE FROM
MARC DEIMLING

The year 2023 has seen rising geopolitical and economic challenges. carbon footprint based on a trustworthy document. We received the
Nevertheless, we have again been able to proceed advance with sound "Best of Industry Award 2023" in the category "Best Sustainability Project"and environmentally friendly development to the benefit of our busi- for our innovative new version of the Amp Miser, an achievement we areness partners and stakeholders.
very proud of. Some types in this series come with a tension member
fabric made of recycled PET. These yarns save valuable raw materials
With forest fires, flooding, storms, heatwaves, and cold spells all over and cut harmful carbon emissions. By prioritizing product quality andthe world, it is climate change that has given the world economy the recycling capabilities, we ensure durability, which in turn saves resources.
biggest headaches. Which is why I am particularly delighted to present
our 2023 report, which details our commitment to a more eco-friendly Using renewable energy in our production facilities, optimizing our supproduction, sustainable products and processes and a better future. To ply chains, and minimizing waste and energy consumption help to cut
achieve our overarching objective, which is to cut carbon emissions, we our carbon footprint even further.
have taken decisive steps to boost energy efficiency, reduce waste, make
At Forbo Movement Systems, we actively help our customers to meetprocurement sustainable and supply chains stable.
their own sustainability requirements. In-depth instructions on the enAn important milestone in 2023 was the first global recording of our vironmentally friendly use and maintenance of our conveyor belts help
Scope 1-3 emissions. The in-depth overview of our carbon footprint al- to optimize operations and cut greenhouse gas emissions.
lowed us to take steps to lower emissions at all phases of the value chain.

Marc Deimling, Executive Vice President
Forbo Movement Systems«To boost our customers’
own environmental performance, we incorporate
sustainability in all business operations and consider its impact in all critical business decisions.»

We developed innovative conveyor belts, which are not just more efficient and reliable, but much more environmentally friendly to produce
and use without compromising on quality or performance. German inspection body TÜV Rheinland certified the superior savings potentialof Amp Miser belts. As a result, our customers can improve their own

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INTRODUCTION

KEY ACHIEVEMENTS
IN 2023

SCOPE

In 2023, our commitment to sustainability manifested itself invarious key achievements that not only reflect our commitment
to environmental protection, but also underline the positive
impact we strive to make on both a local and global scale.

3

In this reporting year,
we are calculating
the carbon footprintfor Scope 3 for the
first time.

6
AMP MISER belt types have been certified
by TÜV Rheinland confirming significant energy and CO2 savings compared to common
standard conveyor belts.

100%
recycled PET yarn fabrics areused in all versions of ECOFIBER.

20%

>800

6,724

tonnes of production waste
were recycled globally in our
production plants.

training sessions werecompleted globally.

926

solar panels were installed in
our locations in Europe – a key
step towards a more energy-efficient future.

Two new versions of BIOBELT havebeen launched containing 20% ormore renewable raw materials.

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INTRODUCTIONOUR AMBITIONAs an innovative market leader with business operations
all over the globe, we are the experts when it comes tospecifically developing and supplying durable, high-quality
products. In this way, we can actively support our customers’
own environmental performance. The Forbo Movement
Systems team at all levels delivers on our deep-rooted
values in terms of reliability and sustainability to consistently
improve our processes and technologies. We are aware of
our social impact and committed to making a difference by
operating as sustainably as possible. We are a role model inthe industry when it comes to saving resources to improve
the quality of our lives, protecting our ecosystem andpreserving natural resources for future generations.

OUR WAY
We care. We incorporate sustainability in all business
operations and consider it in all critical business decisions.
We also drive sustainability throughout the industry byengaging with all stakeholders on impactful activities andleading by example.
Our mindset is innovative, and we are open to new
approaches. We are passionate about what we do. Superior,interdisciplinary expertise is what defines us – as well as ourhands-on mentality.

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INTRODUCTION

TOP PRIORITIES | MID-TERM GOALSIn 2022, Forbo Movement Systems presented for the first time a setof sustainability top priorities and mid-term goals that we commit to.
For now, these goals cover a timescale of 2023+. In 2023, we worked
on different sustainability initiatives related to our top priorities andgoals and provide an update on the progress we made per top priority:
1.

1.

CO2

To display a carbonneutral product portfolio
Our goal is to consistently develop and increase sustainable, resource friendly products that provide sustainability performance
benefits in terms of product-use phases and/or that are easier torecycle.

2.

To use renewables
To ensure 25% of electricity consumption is based on renewableenergy by 2025.

3.

To move toward being a zero-waste company– To reuse/recycle at least 95% of Prolink (plastic modular belts)
and Fullsan (homogenous TPU belts) production waste.
– To reuse/recycle all office waste at EU sites.

4.

To actively contribute to the circular economy– To develop take-back programs and recycling concepts topositively impact the end-of-life phase of our products.
– To gradually increase the use of recycled raw materials in theTransilon (multi-layered, fabric-based belts) and Extremultus(flat belts) ranges.
– To consistently increase the recycled proportion of post-industrial waste, while decreasing post-industrial waste.

2.

– Forbo Movement Systems launched fivenew versions of Transilon BIOBELT andECOFIBER in 2023.
– More awareness for our energy-efficient
AMP MISER Transilon products could beachieved due to the "Best of Industry
Award 2023" that we won in the category"Best Sustainability Project".

3.

– We used 23% renewable electricity.
That represents an increase of 27%
compared to the previous year.
– 926 Solar panels were installed in 2023
to further increase our share of renewable electricity usage.

4.

– Forbo Movement Systems reused or
recycled in total more than 91% of theProlink in-house production waste.
– 100% of the inhouse production wastefrom homogenous Fullsan belts was
prepared for reuse or has been reusedin the production process.
– In 2023, our European sites recycled
27% of the total generated waste,
including office waste.

– A recycling project has been started on
disused Transilon conveyor belts andproduction waste of Transilon belts incooperation with strong partners.
– The recycling quote of post industrial
waste increased in 2023.

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INTRODUCTION

TOP PRIORITIES | MID-TERM GOALS
5.

To ensure ethical and sustainable supply chain management– Ensure that suppliers have a sustainability program todecrease their environmental footprint and improve social
standards.
– Guarantee that 20% of the materials procured consist of 10%
recycled materials or renewables at least.

6.

To ensure that all employees are involved in sustainability– Ensure that regular circular economy and sustainability training will be given to all employees.
– Sustainability program fully implemented throughout thewhole organization.

7.

8.

To ensure we are a socially responsible, diverse and inclusivecompany with talented employees– Ensure equal opportunities and inclusion on gender, age,
ethnicity and people with special needs.
– Consistent improvement of health and safety at Forbo Movement Systems and a 20% reduction in the lost time injury
frequency rate (LTIFR) based on 2022 figures.

5.

6.

– We have updated our Vendor and Purchasing Policy regarding standards toprevent from violation of human rights
or misuse of conflict minerals usage at
our suppliers.

7.

8.

To achieve a competitive edge via sustainability
Forbo Movement Systems is a role model in the industry, providing sustainable and circular solutions to its customers.

We will continue to challenge our currently set top priorities and midterm goals in order to develop an advanced and comprehensive futuresustainability pathway for Forbo Movement Systems. Our integrally
sharpened strategic approach towards sustainability is going to enable
us even more to effectively steer our sustainability activities, put enhanced checks and balances on our targets and drive sustainability proactively throughout the entire organization and along our value chain.

– Empower our employees regularly withengaging sustainability training sessions,fostering a deeper connection to thesubject while equipping them with theknowledge and practical measures tocontribute actively to our shared commitment to a more sustainable future.

– Awareness for diversity and inclusion
aspects has been provided in the firststep by a training on “respect at work”.
– LTIFR has been slightly reduced compared to 2022.

– We move a step beyond legal requirements and have our processes
and products voluntarily audited byindependent organizations and place
food safety at center stage.
– Winning the "Best of Industry Award"
in the category "Best Sustainability
Project" is a proof for our commitment
to sustainability.

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INTRODUCTION

10OUR SUSTAINABILITY STORYAs an innovative market leader, responsible manufacturer and employer, Forbo Movement
Systems sets very high standards in terms of health, safety, environment and quality. Treating resources responsibly is one of the Forbo Movement Systems’ fundamental principles,
as well as investing in R&D capacities to develop sustainable products.
We are committed to acting in accordance with the definition of sustainable development
as adopted by the United Nations Commission on Sustainable Development (General Assembly Resolution) in 1987. Under this definition, development is sustainable if it “meetsthe needs of the present generation without compromising the ability of future generations
to meet their own needs and choose their lifestyle.”
In order to evaluate and incorporate responsibility for these actions, the company’s activities are assessed from three perspectives by the Global Reporting Initiative (GRI): The
environmental dimension (E), the social dimension (S), and the governance dimension(G). In the chemical industry, we are a global player that produces belts from composite
materials. As a result, we constantly investigate to find solutions that make our products
more environmentally friendly and allow us to operate responsibly. Especially today whenclimate change becomes increasingly apparent. It goes without saying that social and governance dimensions are also very important. However, making our operations and products
sustainable is the most effective way of ensuring the world itself is more sustainable. We
follow the five R’s of sustainability: refuse, reduce, reuse, repurpose, and recycle to createa more eco friendly future.
We care. Sustainability management provides the framework for the programs at Forbo
Movement Systems. It drives this topic proactively within the organization and is spearheaded by the sustainability council. The council consists of different members of ourmanagement board and the Executive Vice President and is coordinated by the sustainability manager. The roadmap provides a structured approach to the current initiatives andthose in the pipeline.
Committed to making a difference.

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INTRODUCTION

STATEMENT

Action speaks
louder than words
Today, as individuals and as a company, we are living in a volatile, uncertain, and complex world.
The effects of the climate crisis are becoming increasingly more apparent. According to the World
Meteorological Organization, between 2023 and 2027, global temperatures could already exceed the
1.5-degree-Celsius target specified in the Paris climate agreement at least once. The warmest eight years
on record were between 2015 and 2022. Such a complex matter as climate change and its negative
repercussions on mankind can be overwhelming – or an opportunity to accept the challenge and makea difference.
Conveyor and process belts are used in a wide range of industries. We are seizing the opportunity to
evolve as a business, while helping our customers to achieve their own sustainability goals at the sametime. Our sustainability performance products are prime examples of the action we are taking.
In 2023, we calculated our corporate carbon footprint (Scope 3) based on the Greenhouse Gas Protocol
and included our supply chain in carbon emission calculations for the first time. Due to this new levelof transparency, we can quantify and manage steps to reduce our greenhouse gas emissions more effectively. We partnered with a key customer and an innovative recycling company to research opportunities
to develop an efficient recycling process for conveyor belts. Photovoltaic systems were installed at sites
in Germany and Denmark to increase the proportion of renewables in the electricity consumed at our
production and fabrication centers. Since this year, we are offering the Forbo Integrity Line as a safemeans of reporting misconduct, corruption, or unethical behavior anonymously. Cyber security andrespect at work were added to our in-house training program.

Mona Hollborn, Global Sustainability Manager
Forbo Movement Systems, Germany“Strategic sustainability managementmeans making a positive impact andtaking actions stepby step.”

As a global company, it is up to us to help boost sustainability. Therefore, it is vital to identify and prioritize sustainability issues. Which is why we used the materiality analysis to pinpoint the continual improvement issues we want to focus on. And we do so in our own and the interests of future generations.

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INTRODUCTIONABOUT USThe division is headed by Marc Deimling as Executive Vice President. There are vice presidents for the four product lines and the foursales regions. In addition, there are vice presidents for finance & controlling, IT, operations, HR, quality as well as directors for global
business development and marketing.

Forbo Movement Systems

Marketsegments

Businessdevelopment

Globalfootprint

We are a global industry leader in total belting
solutions. We supply high-quality conveyor belts
and processing belts as well as plastic modular
belts, power transmission belts, and timing and flat
belts made of synthetic materials for all branchesof the industry and service companies worldwide.

We serve all branches of industry worldwide. Our
high-quality belts are used in a variety of ways in
manufacturing and in the retail and service sectors,
for example as conveyor and processing belts in thefood industry, as treadmills in gyms or as flat belts inletter sorting systems.

Our expertise is backed by more than 100 years ofexperience when chrome leather upright belts andother innovative power transmission products went
into production. This laid the foundations of ourbusiness today. Consistent innovations, product andprocess developments have made us what we are today, a global industry leader in total belting solutions.

Around 2,500 people are working for Forbo Movement Systems globally. Our international network ofbranches and service partners covers more than 80
countries with warehouses and workshops. Customers can count on over 300 points of sale and service
facilities around the world. The headquarters of theMovement Systems division is in Hanover, Germany.

Forbo Movement Systems is a division of ForboGroup, which is listed on the SIX Swiss Exchange. The
company’s headquarters are located in Baar, Switzerland, in the Canton of Zug. Its two divisions, Forbo
Flooring Systems and Forbo Movement Systems,
serve a whole variety of industries and markets.

More information on page 17

As a tribute to its legacy and to preserve its values, theheadquarter of the company’s division is still basedat the same place it was founded. Today, we still produce a range of our innovative conveyor, processing
and power transmission belts at exactly this location,
while we are consistently invest in state of the art production technology in all our plants across the globe.

All current addresses
and contact details
can be found via the
QR code.

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INTRODUCTION

OUR HISTORY1982
Launch of the
new Siegling logo.

1955

1919
Ernst Siegling founds the company
in Hanover, Germany. Chromeleather upright belts and other
innovative power transmission
products go into production.

Company founder,
inventor and engineer
Ernst Siegling (1891 – 1954).

1961
An idea is born regarding a
conveyor belt for light materials
handling: a new product line isdeveloped bearing the Transilonbrand name.

1975

1943
Invention of the first multilayer
flat belt made of nylon andchrome leather, patented under
the Extremultus brand name.

Takeover of the PVC conveyor belt
segment from Fenner Dunlop(Georgia Duck) and marketing of
the new product group under theTranstex brand name.

1999

Development of a conveyor belt
(Amp Miser) with a particularly low
friction coefficient that dramaticallycuts energy consumption.

Commissioning of the world’s
largest plastic calender for coating
conveyor and processing belts(production width 4.5 m).

Transilon conveyor and processing
belts go into production at the plantin Fukuroi, Japan. (The production
facility is extended in 1982).

1997
The Forbo Siegling (Shenyang)
Belting Ltd. production facility in
China is founded and commissioned(photo).

A second plant is constructed in
Garbsen as a fabrication facility.

1993
Foundation of EXTREMULTUS, Inc.
with sales and fabrication facilities onLong Island, N.Y. (USA).
Relocation to Englewood, N.J. in 1960.

2008

Swiss corporation Forbo
International SA take overshareholder interest.

1970

1956

The centenary.
An exceptional milestone
for our company and all
the people who work in it.

1994

Hellmut Siegling (1922 – 2006),
son of the company’s founder,
takes over as the company’s CEO.

Successful launch of the first flat belts with adhesive
coatings and the first electrically conductive belts
for spaces with an explosive risk.

2019

Commissioning of
the European
fabrication center in
Malacky, Slovakia.

The plastic modular belts
go into production under
the Prolink brand name.

1954

1930–1940

2005

1995

Construction of a new plant andstart of production in HannoverVahrenheide.

Production is started at the Carolina
Manufacturing Center (CMC) in
Huntersville, N.C. (USA).

Extension of the production facility
for thermoplastic power transmission
belts and machine tapes in Wallbach,
Switzerland.

2018
Opening of a new site in Pinghu,
China, with production/fabrication,
sales and management.

2013
Wir bleiben richtungsweisend:
SIEGLING ist jetzt
Forbo Movement Systems.

www.forbo-siegling.com

Siegling – total belting solutions

2007
New corporate andmanagement culture
with a global outlook:
Siegling Belting becomes
Forbo Movement Systems.

Forbo Siegling develops abio-degradable conveyor belt
made of renewable materials.

2021
Production of a new
Fullsan homogenous
belt type starts in
Hanover, Germany.

Commissioning of a new
5-meter-wide machine tocoat conveyor and processing
belts in Hanover.

BioBelt

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INTRODUCTIONOUR VALUE STREAMUNLOCKING OPERATIONAL EXCELLENCE
Our company places huge emphasis on
all-embracing customer centricity, whichis reflected in our diverse customer landscape. The specific needs of the many
regions we operate in, require a precise
understanding of the market and open
interaction with our customers based on
mutual trust.
Our business development team consistently conducts market research
to identify new belting requirements. This process does not just include
analyzing existing market trends, but also talking to customers directly.
Frequent surveys and feedback guarantee that we understand the ever-changing requirements of our customers and respond appropriately.
To initiate new market-driven product developments, the results are
discussed with our research and development (R&D) experts.
Our procurement department is the point of contact for the R&D teamso that raw materials can be purchased in a responsible manner. We havealready been working with most of our strategic suppliers for many years.
The main product groups’ category managers maintain an overview ofwhich suppliers could cover new requirements for raw materials or are
prepared to engage in development.
Our global supply chains mean that we factor in longer periods of timeto procure our raw materials and stock them at the relevant production
sites. As a result, we reduce potential bottlenecks on the raw materials
market and ensure efficient production of our belts.

In our production plants, we produce large-sized roll material at high levels of precision. Our global production network enables us to coordinate
sites efficiently, improve supply chains, and incorporate technologicalinnovations seamlessly. This does not just create cost savings, but also
boosts our agility in adapting to new market conditions.
To quickly deliver a wild variety of conveyor and power transmission
belts to the market, our strategy is to keep our rolls in stock close to
the target markets and regions. The fabrication centers have high-techfabrication equipment, can cut large quantities of belt sizes and respondto demanding customer requirements fast and at very high standardsof quality.

Once customers have received the material, belts are either fitted bythem, or by our service technicians. The utilization phase begins.
Recycling belts at the end of their useful lives is exacerbated by the challenge of isolating their individual components and the degree and typeof contamination. We are taking various approaches to find technicalsolutions step by step. The challenges encourage us to conduct further
research and development to establish efficient recycling methods andfurther reduce the environmental impact of waste disposal.
For us, a well-managed value stream is not just a roadmap; it is a strategic
tool that fosters continuous improvement, enables sustainable growth,and ensures competitiveness in today’s dynamic market landscape.

Finished orders for customers are packaged securely for shipping. Transport is organized by the respective department.

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INTRODUCTION

OUR PRODUCT LINESSIEGLING TRANSILONCONVEYOR AND PROCESSING BELTS

SIEGLING TRANSTEXCONVEYOR BELTS

Multi-layered, fabric-based belts, or belts made from homogenous
materials. They ensure efficient materials flow and economical process
flows in all areas of light conveyor technology.

Multi-layered, fabric-based belts with a particularly robust design, andtherefore ideal for heavy-duty conveying.

SIEGLING PROLINKMODULAR BELTS

SIEGLING EXTREMULTUS
FLAT BELTS

Different types of modules made of homogenous plastics and connectedwith hinge pins. They are often ideal for combining conveying andprocessing.

Multi-layered, fabric-based power transmission belts, or belts made fromhomogenous materials. When used for power transmission and conveying, they optimize power transmission and many production processes.

SIEGLING FULLSAN
HOMOGENOUS BELTS

SIEGLING PROPOSITION
TIMING BELTS

Homogenous, thermoplastic, polyurethane belts ideal for exceptionallyhygiene-critical applications. All Siegling Fullsan belts are protected fromcontamination by oil, grease and bacteria.

Form-fit belts made of homogenous plastics and with various tension
members; they are perfect for challenging acceleration, timing andpositioning processes.

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INTRODUCTION

OUR MAIN MARKET SEGMENTS
INDUSTRIES AND APPLICATIONSForbo Movement Systems’ highperformance flat belts and conveyor belts
are often indispensable system components.
We offer an extensive product range fordiverse demands in the most diverse ofindustries and guarantee long service lives
and excellent efficiency.

FOOD
INDUSTRY

PRINTING

Food processing, agriculture
and packaging sectors

Rotary printing, sheet-fed
printing, digital printing andpost-press

LOGISTICS

PAPER

Intralogistics, distribution
centers and baggage sorting

Paper production and processing
as well as letter sortingRAW
MATERIALSTEXTILES

Building materials, woodand stone

INDUSTRIALPRODUCTION
Automotive, tires, chemicals,
energy, steel- and metalworking
industries

Yarn manufacturing, nonwovens
and textile printing

SPORTS
AND LEISURE
Treadmill belts, belts for ski lifts
and other leisure activities

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INTRODUCTIONREPORTING SCOPE,
FRAMEWORK AND STANDARDS
Reporting scope
Unless otherwise stated, the environmental and health and safety data
published in this report concern those production sites, which together
account for about 95% of the production volume, as well as the fabrication centers. Our report covers our major production and fabricationsites in China, Denmark, Germany, Japan, Slovakia, Switzerland, and theUnited States. The sales offices, warehouses and the joint venture in
Brazil and Chile were not incorporated. The units included in the scopeof the report are considered to be the most significant in terms of the
impact of our business.
Unless otherwise stated, the data published in the “About us”, “Social”
and “Governance” section of this report apply to all of our locations,
including sales offices and warehouses.

Reporting period and cycle
The reporting period covers the 2023 financial year, which reflects thecalendar year. To enhance comparability and to make the developmentof the key figures visible, Forbo Movement Systems creates a data history
and publishes an annual sustainability report.

Global Reporting Initiative (GRI)The GRI (Global Reporting Initiative) is an independent, internationalorganization that helps businesses and other organizations take responsibility for their impact, by providing them with the common global
language to communicate this impact.
Forbo Movement Systems’ sustainability report is developed in reference to the GRI. The GRI Content Index can be found in the annex. We
informed the GRI about the “in reference to” the GRI reporting.

United Nations Sustainable
Development Goals
Forbo Movement Systems follows multiple United Nations Sustainable Development Goals (SDGs). The 17 SDGs provide a comprehensive
roadmap for cultivating a more prosperous and sustainable future forall by 2030, designed for both global governmental and organizational
application. Realizing the potential of the SDGs relies on global collaboration and unwavering commitment – principles that seamlessly alignwith our own aspirations.

Forbo Movement Systems analyzed the 17 SDGs in terms of their importance for our business and selected 5 SDGs as priorities.

Greenhouse Gas Protocol
Forbo Movement Systems reports its Scope 1 to Scope 3 carbon emissions based on the Greenhouse Gas Protocol’s operational control approach.

Collaboration and acknowledgment
To develop sustainable strategies and solutions, good collaboration withexternal stakeholders from a range of different areas is a must. Forbo
Movement Systems’ most important strategic initiatives, partnerships,
and memberships are listed below:– Ecovadis– CEN – European Committee for Standardization– NIBA – The Belting Association– GATE – The Alliance of the Airport Industry– IABSC – International Association of Baggage System Companies– ASBE – American Society of Baking– BEMA – Baker Equipment Manufacturers and Allieds– EHEDG – European Hygienic Engineering & Design Group– Federal German Association of Energy Consumers(VEA – Bundesverband der Energie-Abnehmer e.V.)– Regional Networks for Energy Efficiency and Climate Protection(REGINEE – REGIonale Netzwerke für EnergieEffizienz und Klimaschutz)– BAVC – German Federation of Chemical Employers’ Associations– USDA – The U.S. Department of Agriculture– HACCP – Hazard Analysis Critical Control Point management system
for food safety– NSF – National Sanitation Foundation

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INTRODUCTION

MATERIALITY ANALYSIS
A well-structured materiality analysis is the basis
for coherent sustainability management. It clarifies
the strategic focus, helps to define suitable targets
and key figures, and sets the framework for Forbo
Movement Systems' sustainability approach incomplex corporate settings.
In 2021, we conducted a comprehensive materiality analysis. We surveyed our internal
stakeholders online in several languages on key topics. By making the analysis multilingualand providing online access to it, our employees were able to participate in the analysis
regardless of their foreign language skills or locations.

Dr. Sebastian Fritz, Head of Internal Sales and Export Management
Forbo Movement Systems, Germany«To promote sustainable practices in our daily global business
operations, conducting a materiality analysis is crucial. It enables us to ensure well-foundeddecision-making.»

In addition, extensive interviews were conducted with various internal and external stakeholders, such as suppliers, customers, public organizations, associations, and our employees. The multiple perspectives encourage a holistic view on the material topics and allowed
us to better understand the topics we needed to prioritize.
During the materiality analysis, 11 themes were identified as essential to us. These wereassessed for their importance to our stakeholders and their impact at an environmental
and social level.
A double materiality analysis will be conducted in 2024, which will be based on the material
topics of the 2021 materiality assessment. The double materiality analysis will outline theimpact that Forbo Movement has on the environment and people and describe the risks
and opportunities that are created by sustainability-related developments and events for
Forbo Movement Systems.

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INTRODUCTION

MATERIALITY ANALYSIS

1

high

Topics that were examined in the materiality analysis:

2

Environmental
SocialSustainability management: establishing a strategy to drive
sustainability throughout the company in a structured way.
Corporate culture: living up to our values and creating a joint
understanding of sustainability.
External communications: doing good and talking about it. It

Governance109Focus topics

3

we incorporate it in our interactions with business partners.

4

11

impact on environment and society

defines where we place information on sustainability and how

Sustainable products and services are the result of our continuous commitment to sustainability.
Employee recruitment and retention: in a time where skilled

4

5

6

ed people and retain valued employees.

6

7

8

5

7

1

2

8

3

9

moderate
moderate

importance for stakeholders

professionals are short, it is even more vital to find new, talent-high

In terms of our sustainability drive, the focus topics are given the most attention. The frame around the bubbles shown on the diagram
indicates Forbo Movement Systems’ priority level. In particular, the survey confirmed just how relevant environmental topics are. The
topics in this report are based on the results of this analysis.

10

Health and safety in the workplace is crucial and consistently
monitored.
Training: providing training courses to create an organizationthat learns, is open and collaborative.
Internal communications: embedding sustainability throughout the company by raising awareness.
Energy efficiencies need to be driven throughout business
operations.
Resource consumption: resource-efficient production andfabrication with an avoidance of waste.
Sustainable supply chain: considering sustainability in

11

procurement processes and in managing relationships with
suppliers.

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

INTRODUCTION

20FOCUS TOPICS
The sustainability council discussed the results of the materiality analysis and ultimately incorporated nine topics into a sustainability
concept. It specifies which topics we are to prioritize. Our sustainability activities are driven by these topics so that we can offer ourcustomers appropriate products and services.

In terms of the environment, we have picked three separate topics from the two focus topics of resource
consumption and energy efficiency: Energy, waste, and sustainable materials, in order to manage activities
in a nuanced and targeted way.
From the social affairs focus topic, we have clustered topics like internal communications, employee recruitment, retention and training under employees and training. Corporate culture, health and safety, as wellas the sustainable supply chain, have been incorporated into our concept without any changes.
Risk management and Code of Conduct have also been added to governance, which the first materiality
analysis had not covered in the past.
We see sustainable products and services as a result of all our sustainability activities. All our social andecological initiatives as well as governance, which underpins our business operations, ultimately contributes
to our product portfolio.
Sustainability management provides the framework for our company’s sustainability management andstrategy and does not improve sustainability directly.
In the materiality analysis, external communications had a lower rating in terms of its ecological and social
relevance. Our philosophy is to create content for external communication from our focus topics and sharethese with our stakeholders. External communications are not a sustainability activity per se.

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

21

ENVIRONMENT22

ENVIRONMENTENVIRONMENT
We are constantly working to develop and improve our products
in order to incorporate sustainability into all our product lines
and processes. Part of these products contain sustainable raw
materials. We improve our internal processes on an ongoing basis, investigate ways of preventing and reducing waste and liaise
with partners along our downstream and upstream supply chain
to provide pioneering solutions.
Our resource management is based on continuously improving consumption efficiency, which we achieve by
coming up with and systematically implementing measures to optimize the consumption of electricity, gas,oil and water. Another important factor besides continuous energy savings is energy recovery, i.e. harnessing
energy freed by the thermal afterburner for heating and/or for power generation. To reduce water consumption and to avoid unnecessary consumption, we use closed loop water systems in particular. In many cases,
waste water can be reused during a second production stage and therefore minimize consumption. Reduction
and practical recycling of remnants are always in focus when we pursue Kaizen and drive our sustainability
initiatives. For instance, in some countries, the waste produced from cutting the edges of belts we produce issold on to other companies for re-use in their production processes. Our sites in North America collect materialusing filters, which is then processed by external partners as a material for use in their production processes.
Waste from plastic modular belts and polyurethane are re-introduced into our own production processes.

ENERGY– Renewable energy sources– Energy efficiency

WASTE– Refusal and reduction of waste– Recycling of waste

SUSTAINABLE MATERIALS– Recycled input material usage– Renewable material usage– Bio-based raw materials and packaging

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

23

ENVIRONMENTENVIRONMENTUNITED NATIONSSUSTAINABLE
DEVELOPMENT GOALS
We are committed to the Sustainable Development Goal (SDG)of the United Nations. Forbo Movement Systems analysed the 17
SDGs in terms of their importance for our business and selected
defined SDGs as priorities:

Forbo Movement Systems is a global player with numerous production andfabrication sites worldwide. Consequently, we create first-class workplaces
at the most diverse locations all over the world. Our products have a positiveeffect on other industries. Our energy-efficient Transilon Amp Miser conveyor belts decrease energy consumption while belts are running, which cutscarbon emissions.

Forbo Movement Systems is working on numerous measures to respond toclimate change. We are improving our production processes on an ongoingbasis. Our goal is to use resources more efficiently, increase the use of clean
and environmentally friendly technologies and deliver regularly innovations.
The focus is on energy and emissions, the use of materials and preventing
waste. Forbo Movement Systems already has ISO 14001 and 50001 certification at some European sites and is working steadily on making energy andenvironmental management improvements.

Reaching the SDGs exceeds the capabilities of individual stakeholders by far,which is why Forbo Movement Systems believes it is important to collaborate
with a range of bodies from the worlds of business, politics and society.
Forbo Movement Systems is aware of the innovative potential that lies instrategic partnerships and close collaboration with customers, suppliers,
academia, and industry initiatives. For instance, in 2023, we started a projecton the recyclability of our belts in collaboration with a major customer anda recycling company. Forbo Movement Systems also frequently liaises with
suppliers about sustainable raw materials and collaborate with universities
and research organizations.
In Germany, Forbo Movement Systems is involved in a further collaborative project with REGINEE – Regionales Netzwerk für Energieeffizienz und
Klimaschutz (Regional Networks for Energy Efficiency and Climate Protection).
The network is part of the National Energy Efficiency Action Plan (NAPE) and
the German government’s Energy Efficiency and Climate Protection Networks
initiative (IEEKN).

Forbo Movement Systems emphazises research and development and is committed to maximum quality standards and a high degree of innovation. We
do not just satisfy our customers, but make a key contribution to resource efficiency, a circular economy and long product service lives. Forbo Movement
Systems has a global network of service points with very skilled professionals.
As a result, customers experience less downtime and our products last longer.

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

24

ENVIRONMENTKEYNOTE

Opportunities
due to climate change
In times of global warming and increasing shortages of natural resources, we standby our commitment to future generations. We are aware of the profound impact ourbusiness has on the environment and society and unwavering in our commitment
to making a positive contribution. We see the urgency of addressing climate change
not only as a challenge, but also as a time of unprecedented business opportunity.
As an innovative thought leader with business operations all over the globe, wewant to make conscious and efficient use of the resources we consume. We addresssocial topics arising from climate change and protect fundamental human rights,
such as the entitlement to a healthy environment and to work in safe conditions. We
believe that corporate responsibility goes beyond the profit margin. Our commitment to sustainability is not just a moral imperative, but a strategic vision that recognizes the inherent business opportunities that arise from the global shift towards
environmentally conscious practices. By aligning our business with the principles
of sustainability, we can compete in a market that increasingly values and demands
environmentally friendly products and services.
We are aware of our environmental and social impact and committed to making a
difference by operating at the most sustainable level possible. We invest in researchand development, and are reshaping our business models to be not only resilient
but regenerative. From renewable energy initiatives to circular economy practices,
we are actively seeking ways of not only reducing our environmental impact but also
contributing to the wellbeing of our planet and rights of communities.

Marc Deimling, Executive Vice President
Forbo Movement Systems“As a responsible company,
we actively seek innovative
solutions and sustainable
practices that not only reduce
our environmental footprint,
but also position us at the topof a rapidly evolving market
environment. The urgency ofclimate change not only demands responsibility, but provides a unique environment
for innovation and growth.”
FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

25

ENVIRONMENTRESULTS 2023
CO2 EMISSIONS

CH4
PCFs

For people, communities, and eco-systems, climate change is one of
the biggest challenges of our times. This is why we strive for continous
sustainability development and it is reporting.
In our report on greenhouse gas emissions, we are following the recommendations of the Greenhouse Gas Protocol (GHG Protocol). The GHG
Protocol divides the emission sources to be accounted for into three
Scopes. Scope 1 includes direct emissions generated by combustion
processes. Scopes 2 and 3 comprise the indirect emissions caused by theexternal electricity supply (Scope 2) and our business operations along
the supply chain (Scope 3).
We calculated our corporate carbon footprint for Scope 1 and Scope 2
for the first time in 2022. In 2023, we have also calculated our corporatecarbon footprint for Scope 3 for the first time. This increased transparency allows Forbo Movement Systems to steer climate-related activities aspart of our sustainability management system in a more targeted way
and to take action in order to cut carbon emissions consistently.

SF6
HFCs

N20

Gas formanufacturing

CO2

Company owned
vehiclesEmployee air travel

Waste
management

Scope

Our CO2 footprint in 2023
Scope 1: manufacturing emissions
Scope 2: emissions from procured energy

5%
8%

Scope 3: purchased goods and services
Scope 3: end-of-life treatment of sold goods
Scope 3: capital goods

7%

10%

14%
16%

114,997
tonnesScope 3: business travel
Scope 3: others

40%

Purchased
electricity

Scope

2

Indirect1

DirectScope

3

Indirect

Contractor
owned vehicles

26

ENVIRONMENT

Scope 1 and Scope 2 emissions
In 2023, we improved the process and data quality for both scopes. As aresult, we created an enhanced baseline that we will refer to from now
on. Consequently, we are reporting higher carbon emissions in 2023 forboth scopes compared to last year. For Scope 1, major changes wereconducted when calculating the process emissions. Scope 2 was refinedtoo, in order to separate the results by taking a location-based approachand market-based approach, based on the GHG Protocol. Scope 1 andScope 2 make up 29% of our total carbon emissions in 2023.
Scope 1 and Scope 2
Carbon emissions at our sites

Scope 1 and Scope 2
Our products carbon emissions

33,840tonnes CO2

6.9 kg CO2 perm2 produced
Scope 3 emissions
These are indirect emissions, that derive from the extraction, production,and processing of the energy sources used, as well as emissions from
activities in different areas along the upstream and downstream value
chain. Based on the GHG Protocol, these activities are divided into 15
categories. Out of the 15 categories proposed from the GHG Protocol,
we have included ten categories in the calculation as being relevant toour business activities.
We identified some 87% that is related to upstream emissions whilearound 13% stem from the downstream value chain. From all categories,
purchased goods and services is by far the most relevant one. It is followed in relevance by capital goods, end-of-life treatment of sold goods
and business travels. The other categories have been summarized under
the category others.
The materials we purchase are mainly plastics, such as polyester fabrics,
polyvinylchloride or polyurethane. These materials inherently meanhigh carbon emissions, which becomes visible in our Scope 3 purchased
goods and services.

As we are a manufacturing organisation with production and fabrication
facilities capital goods are as well an essential category. CO2 emissions
related to capital goods fluctuate, as the investment is counted for theyear of the purchase, following the GHG Protocol. One step to reduce investments is a continuous and profound maintenance of the machinery.
This is essential to Forbo Movement Systems.
The materials that are input to our products also influence the emissions
released at the end-of-life. To make sure our products remain at theend-of-life still a valuable product is a relevant lever to be pulled for
reduction of the CO2 emissions. This is where we have started to partnerand look for innovations. Furthermore, Forbo Movement Systems is atruly global organisation and even though numerous meetings havebeen transferred from personal to online sessions, it is still necessary tovisit partners in person, which accounts in our CO2 balance for businesstravels.
The insights show the levers we use to reduce our CO2 emissions.

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

27

ENVIRONMENT

Our carbon footprint along the value chain
Our Scope 1 to Scope 3 carbon emissions are clustered along our value chain. This new transparency will enable us to act even more responsibly
and choose the right course towards reducing our greenhouse gas emissions and help to protect our planet.

** Processing of sold goods

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

28

ENVIRONMENT

CO2 EMISSIONSALONG OUR VALUE CHAIN
For an in-depth overview of our emissions, please refer to the table below:

Scopes and categories

2023 (tonnes CO2)

Scope 1: Total direct emissions from owned / controlled operations *16,043

Scope 1: direct emissions from owned / controlled operations,
stationary combustion

13,654

Scope 1: direct emissions from owned/ controlled operations,mobile combustion

772

Scope 1: direct emissions from owned / controlled operations,process emissions

1,614

Scope 1: direct emissions from owned / controlled operations,refridgerant losses

3

Scope 2: total indirect emissions from the use of purchased electricity,
steam, heating, and cooling (market based approach) *17,797

Scope 2: indirect emissions from the use of purchased electricity

17,797

Scope 2: indirect emissions from the use of purchased heating,of which the heating would otherwise be considered waste-

Scope 2: total Indirect emissions from the use of purchased
electricity, steam, heating, and cooling (location based approach)

Scopes and categories
Scope 3: total emissions from extraction, production, and processing of
the energy sources used as well as emissions that result from activities
along the upstream and downstream value stream

81,157

Upstream emissions (Scope 3)

70,793Category 1: purchased goods and services

46,345

Category 2: capital goods

9,476

Category 3: fuel and energy related activities

3,437

Category 4: upstream transportation and distribution

2,102

Category 5: waste generated in operations

2,504

Category 6: business travel

5,279

Category 7: employee commuting

1,650

Category 8: upstream leased assets **Downstream emissions (Scope 3)

19,240Category 9: downstream transportation and distribution
Category 10: processing of sold products
Category 11: use of sold products **Category 12: end of life treatment of sold products* Scope 1 and Scope 2: emissions differ from our first-time calculation in 2022. The data were refined, and the calculation approach has
been adjusted, to achieve a higher quality of the results.
** not in scope2023 (tonnes CO2)

10,364
1,709
380
8,274

Category 13: downstream leased assets **-Category 14: franchises **-Category 15: investments **-FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

29

ENVIRONMENTENERGYOUR PROGRESS
Our total energy consumption in 2023 is also influenced by the actual production volume, which wasslightly below that of the previous year. A lower production volume can lead to loss of efficiency as not
all parameters can be optimally adjusted during manufacturing and production. For this reason, Forbo Movement Systems cannot evidence any increase in efficiency per produced square meter. In 2023,
75 megajoule (MJ) were used per produced square meter.
Forbo Movement Systems was able to significantly cut total energy consumption in 2023 compared to theprevious year and increased the percentage of renewable energy in the global energy mix by 30%. The drop
in total energy consumption is based one-third in the electricity sector and two-thirds in the fuel consumption
sector.

Development of totalenergy consumption [GJ]

Share of energy fromrenewable source

500.000

10%

400.000

8%

300.000

6%

200.000

4%

100.000

2%

0

0%
2022

2023

2022

2023

2022 energy data was recalculated retrospectively in 2023 on the basis of new data insights.

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

30

ENVIRONMENTENERGYOUR PROGRESSIn 2023, Movement System sourced 9% of total required energy from renewables. Use of fuels fromrenewable sources is not yet possible. The increased
proportion in the global energy mix is therefore due
to an increase of renewable energy in the electricity
mix. The main energy sources for our business activities were natural gas, followed by electricity from renewable and non-renewable energy sources. A smallpart of the global energy requirement was coveredby fuel, such as heating oil or diesel. We source up
to 23% electricity from renewable energy sources.
This means we are significantly closer to our medium-term aim of reaching 25% renewable energy in
our electricity mix.

Share of electricity
consumption fromrenewable source

Energy consumption byenergy sources

Development ofelectricity consumption[GJ]

6%
150.000

29%

120.000

Natural gas

90.000Electricity fromrenewable sources

60.000Electricity from nonrenewable sources
Others30.000

56%

9%

2022

2023

Total fuelconsumption [GJ]Fuel consumption
by fuel source
4%

0

4% 2%

25%

250.000

20%

200.00015%

150.000

10%

Natural gas

100.000

5%

Light fuel oil

50.0000%

Car gas2022

2023

Car diesel

90%

0
2022

2023

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

31

ENVIRONMENTENERGYOUR INITIATIVES IN 2023
EN ISO 50001

CERTIFICATEThe German sites are leading within
Forbo Movement Systems when it comesto launching an EN ISO 50001 energy
management system. The goal is to cut
energy consumption consistently. A dedicated energy management team develops
long-term strategies to ensure this goal isachieved. Participation in the German regional network for energy efficiency and climate protection helps us gain from theexperience of other companies and vice versa. The steps we taketo cut energy consumption are based on increasing awarenessof the areas where consumption is caused. The improvements
trialed in Hanover and Garbsen (Germany) are in the future to
be transferred to other sites.
ISO 50001:2018

DEKRA Certification GmbH hereby certifies that the organization

Forbo Siegling GmbH
Scope of certification:

Design, manufacturing, fabrication and sales of high-quality flat belts,
conveyor and processing belts, plastic module belts as well as fitting and installation of belts
Certified location:

Lilienthalstraße 6/8, 30179 Hannover, Germany(further locations see annex)

has established and maintains an energy management system according to the above mentioned
standard. The conformity was adduced with audit report no. A20121068.
Certificate registration no.:Validity of previous certificate:170312003/3
2021-03-27

Language translation

Certificate valid from:
Certificate valid to:
Most recent update:2021-03-28
2024-03-27
2021-08-04

Our plants are continuously working on energy efficiency measures. For
example, the first four of 20 temperature control units have been replaced by more energy-efficient units in one of our production halls in
Denmark. We have also procured a frequency-converted material systemthat allows us to regulate the vacuum pumps. We also have installeda cooling system to reduce the load on the refrigeration compressors.
These projects and other projects lead to an annual CO2 reduction of
approximately 7 tonnes.

Dr. Gerhard Nagel
DEKRA Certification GmbH, Stuttgart, 2021-08-04

DEKRA Certification GmbH * Handwerkstraße 15 * D-70565 Stuttgart * www.dekra.de/audits

ISO 14001

page 1 of 2

CERTIFICATETo enshrine environmental protection asa business objective and to make our environmental initiatives more systematic,
we launched an ISO 14001-certified environmental management system at our
key European sites. Frequent internal andexternal audits verify its performance. The
environmental protection officer reports tothe Executive Vice President Forbo Movement Systems.
ISO 14001:2015

DEKRA Certification GmbH hereby certifies that the organization

Forbo Siegling GmbH
Scope of certification:

Design, manufacturing, fabrication and sales of high-quality flat belts,
conveyor and processing belts, plastic module belts as well as fitting and installation of belts
Certified location:

Lilienthalstraße 6/8, 30179 Hannover, Germany(further locations see annex)

has established and maintains an environmental management system according to the above
mentioned standard. The conformity was adduced with audit report no. A20121068.
Certificate registration no.:Validity of previous certificate:170303033/6
2021-06-10

Language translation

Certificate valid from:
Certificate valid to:
Most recent update:2021-06-11
2024-06-10
2021-08-04

Dr. Gerhard Nagel
DEKRA Certification GmbH, Stuttgart, 2021-08-04

DEKRA Certification GmbH * Handwerkstraße 15 * D-70565 Stuttgart * www.dekra.de/audits

page 1 of 2

Our site in Pinghu, China, invested in eight new motors on the production, significantly increasing the energy efficiency level by more than
46,000 KWh. A boiler burner was also replaced, leading to a significant
nitrogen oxide reduction of more than 3.5 tonnes per year.
Measures were implemented to reduce the use of natural gas in our
manufacturing center in Slovakia. This included lowering the heating
temperature in the production areas, while still complying with legal
temperature limits, and introducing rules for the opening and closingof doors when loading/unloading goods. New doors were installed andthe loss of warm air through the flues could be considerably reduced by
improved external insulation of the flues.
The Swiss production site has upgraded the ventilation system in the
mixing room. The edge extraction system for the chemical drums wasconnected to the regenerative afterburning system so that solvent vapors can be environmentally disposed of.

our production site in Switzerland.
In our production plant in Japan and in our main Chinese plant in
Pinghu, investments have been confirmed and planning started to realize energy efficiencies in the next few years. One aspect will be exhaustgas cleaning and using exhaust gas to operate machines.

Renewable energies
Photovoltaic systems were installed on the roofs of our production sitein Denmark and our manufacturing center in Garbsen, Germany. A totalof 926 solar modules were installed across both sites. An annual CO2
reduction of 73.5 tonnes will be achieved through these two projects.
We will cover approximately 20% of annual current consumption withthe photovoltaic system in Garbsen. The system was connected to themains in December 2023. The produced electricity will be used 100% forlight and production of belts during operating hours. Excess electricity
will be fed into the public network outside of operating hours. The system will be connected to the public network so that positive effects will
be noted in the coming years. The photovoltaic system in Lunderskov,
Denmark, is presented in more detail on the next page.
The available charging points for e-vehicles have been trebled in theEuropean sites. Forbo Movement Systems can increasingly enthuse
employees for an electric company car. The corresponding charging
infrastructure for the further expansion of the company fleet is therefore
planned.

Our plants continuously replace illuminants with energy-efficient LEDs.
For instance, Germany realized an annual CO2 reduction of 82 tonnes
by fostering the replacement of illuminants with LEDs and another 3.8
tonnes CO2 is being saved annually by the conversion to LED lights in

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

32

ENVIRONMENT

Christian Pedersen, Project Manager
Forbo Movement Systems, Denmark“We took an important step
towards a more energy-efficient future, independence
from conventional energy
sources and reducing ouroperational cost.”

576 solar panels were installed on the roof of the production plant in 2023.
The photovoltaic system at our site in Lunderskov, Denmark, enables us to cut
carbon emissions by 27.5 tonnes annually.

SUCCESS STORY

Here comes the sun.
Empowering
sustainability
In June 2023, we embarked on an initiative to improve our operational sustainability by installing a photovoltaic system on our
production plant’s roof in Lunderskov, Denmark. The installationof a 236 kWp photovoltaic system on the roof of this facility, built
in 2020, was not just a technological upgrade. It is a key step
toward a more energy-efficient future, independence from conventional energy sources and cutting production costs.

One of this initiative’s primary objectives was to decrease our reliance on conventional energy sources. By harnessing the sun’s energy to power our production lines, we have significantly reduced
our dependence on external energy suppliers. This new independence gives us greater control over our operations, reduces our
exposure to volatile energy prices and helps save costs in the longterm. But this initiative was about more than just cutting costs.

Our photovoltaic system expresses our responsibility towards theenvironment. The electricity we now generate on-site is produced
in an environmentally friendly manner without any greenhousegases. This system means 27.5 tonnes fewer carbon emissions
annually and is quantifiable evidence of our commitment to minimizing our carbon footprint.
“During the installation of the photovoltaic system, production
continued. Which demonstrates our ability to reconcile environmental responsibility with operational efficiency,” emphasizes
Christian Pedersen, Project Manager at Forbo Movement Systems,
Denmark. “We fulfilled all our customers’ orders – but now ineven more environment-friendly way.”
The photovoltaic system in Lunderskov, as one of our sustainability initiatives, is indicative of our broader commitment to environmental stewardship.

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33

ENVIRONMENTWASTEOUR PROGRESS
Waste occurs the moment resources are extracted, during production and fabrication, while the product isbeing used and at the end of its life. Forbo Movement Systems’ responsibility is to manage this waste in thebest possible way, prevent, reduce and find ways of recycling it. If no other solutions exist, we ensure thatwaste is disposed of sensibly and properly.

tween material recycling and energy recovery at the moment. This also applies to the recycled percentage of
non-hazardous waste. Around one sixth of non-hazardous waste was recycled globally.

Our top priority is to conserve all resources by using all materials responsibly. We are fully focused on consuming and recycling products, packaging, and materials without incinerating them and not discharging waste
into the soil, water, or air, that harm the environment or people’s health.

Progress
In 2023, Forbo Movement Systems cut the quantity of total waste by 16% compared with the previous year.
We were able to list the recycling rate of hazardous waste at our production and fabrication sites. We recycled
4% of our hazardous waste by sorting it according to type and discarding it, but we can not differentiate be-

Share of recycled hazardous waste on total hazardous waste

Developmentof waste [t]Share of hazardous waste
on total waste produced

5.000

5%

4.000

4%

3.000

3%

2.000

2%

1.000

1%

Hazardous waste

00%Recycled hazardous
waste

Share of recycled nonhazardous waste on total
non-hazardous waste

4%

2022

2023

2022

2023

18%

Non-hazardous waste

96%

Recycled nonhazardous waste

82%

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

34

ENVIRONMENTWASTEOUR INITIATIVES IN 2023
Refusal and reduction
Each order requires selecting a roll with the most appropriate dimensions and it needs to be cut in the best possible way to reduce waste. To
improve on the number of remnants in the fabrication process, we rolled
out a cutting optimization tool at our fabrication sites globally.

material. This procedure is possible primarily due to the homogenous
nature of the Fullsan material. The regranulated Fullsan material is reused in production. Because it is reused, we can close the loop. A similar
method is also adopted during the production of Prolink. At our plant in
Denmark, Prolink production waste is fed directly back into production.

All our employees play a role in reducing waste, whether they work on
the production line or in an office. We all contribute to the total waste
produced.

It is our top priority to minimize production waste generated by Fullsan
and any other product line. Waste already generated is to be used as
efficiently as possible however.

Furthermore, we rolled-out a project that significantly increased the recycled percentage of wooden frames, used to ship our Prolink modules.
These are produced in Denmark and stored in our fabrication center in
Slovakia, which means frequent shipping between the production sites.
The wooden frames are now used multiple times.

At our production site in Lunderskov, Denmark, the collection points forvarious types of waste were increased to 13. On the one hand, this initiative boosts the plant’s recycling rate and, on the other, raises employees’
awareness of recycling and how to use resources carefully.

Recycling
A permit was obtained from the Slovakian authorities that allows our
employees at the fabrication site to take home and reuse materials collected at the site and recycle them for their own personal use. This meansthat belt remnants can be turned into car trunk mats, floor mats andother creative items.
Belts that are no longer suitable as processing and conveyor belts because they are faulty, or the wrong sizes, are sold to recycling companies
that offer our products for other applications. Instead of generatingrefuse, a new product is created from our post-industrial waste.
In Hanover, all the waste from the Fullsan product line was collected andforwarded to a recycling company. This company then regranulates our

We encourage people to separate waste at our sites so that it is returnedto the loop. This is a way of ensuring that we increase the recycled percentage of the hazardous and non-hazardous waste we generate andsend less waste for incineration.
Hazardous waste accounted for 4% of our total waste in 2023. Wetreat this waste category responsibly and consistently check whether
non-hazardous alternatives exist so that we can decrease our proportionof hazardous waste.

with external partners and research facilities on various initiatives todevelop solutions.
We started a key project as part of the SyncUp! Challenge, which was
initiated by REWIN West-Brabant, the regional development company
that specializes in developing and implementing sustainable recycling
solutions.
We are carrying out the project with Vanderlande, a global, Netherlands-based OEM offering logistics process automation for warehouses,
airports, and parcel services, and a recycling firm called Vinylrecycling,also from the Netherlands.
Vinylrecycling has in-depth PVC recycling expertise and offers pragmaticways of processing or reusing this versatile material.
Vanderlande, SynchUp!, Vinylrecycling and Forbo Movement Systems’
endeavors are in tune with our environmental awareness and sustainable business practices. By developing an efficient recycling process forconveyor belts, we want to play a key role in conserving resources andcreating a more environmentally friendly future.

Partnering for end-of-life recycling
Many of our conveyor belts have a top layer of PVC and a bottom layerof polyester together with various other additives that facilitate certain
belt properties, or belt performance. From a technical point of view, thiscombination of raw materials is not easy to recycle. We are collaborating

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

35

ENVIRONMENTSUSTAINABLE
MATERIALS
Bio-based raw materials

Renewable material usage

Much of our packaging consists of renewable materials because weuse cardboard and wooden boxes to ship our products. Our conveyor
belts are made of composite materials, which means that opportunities
for including renewable raw materials are limited to specific products.

We are striving constantly to integrate validated bio-based raw materials,
such as bioTPU, bioPVC or bio PEBA in our product portfolio. We arealso consistently scouting the market for bio-based alternatives andliaise with suppliers to see ways of making these materials match ourmaterial specifications.

7%

Materials used
Renewablematerials used
Non-renewablematerials used93%

In 2023, Forbo Movement Systems purchased 19.000 tonnes of input
materials for our primary products. Polyester fabrics make up the largest
share of raw materials, followed by polyvinyl chlorides, plasticizers andpolyurethanes. Around a fifth of the raw materials are reported as "other". This includes additives such as calcium carbonates and soybean oil.

Raw materials

22%

27%

Polyvinylchloride
Polyester fabrics
Plasticizer

13%

Polyurethane
Others14%

24%

Recycled input material usage

In 2023, fabrics from recycled PET yarns used in our products werevalidated and we launched further Transilon ECOFIBER belts made ofthese fabrics. Yarns made from recycled PET bottles produce the samehigh-quality fabrics as virgin yarns made from conventional polyester.
Yarns made from recycled polyester allow us to mitigate the impact ofvast quantities of discarded plastic bottles that pollute our oceans or end
up in landfills worldwide.

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36

ENVIRONMENTSUSTAINABLE
PRODUCTS ANDSERVICES

Due to our sustainability commitment, we manufacture productsthat do not just improve our own but also our customers’ sustainability performance by reducing carbon emissions, or supportingthe closed-loop concept.
To increase trust in the sustainability promises we make, we collaborate with independent partners to certify the benefits. Our
promises are based on proper scientific testing methods.

GREEN PRODUCTSSUSTAINABLEPERFORMANCE PRODUCTSSUSTAINABLE SERVICES
END-OF-LIFE RECYCLINGFORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

37

ENVIRONMENTGREEN PRODUCTS
WE BELIEVE THEY ARE POSSIBLE
Forbo Movement Systems reduces carbon emissions by replacing
the raw materials used in our products with more sustainable
alternatives, such as recycled input material, or renewable raw
materials. We aim for offering our customers a broader range ofsustainable products and enhancing the positive impact of sustainable raw materials on our carbon emissions, without making
our product portfolio more complex.

ECOFIBER

We launched further versions of Transilon ECOFIBER, which is made of fabrics using yarns from recycled PET bottles. This is the beginning of our initiative to incorporate recycled input materials into
our products. If we take just 30 of our Transilon belts, the potential annual savings are approximately 1,400 tonnes of carbon dioxide if only recycled PET yarns are used. One tonne of carbon dioxide
is equivalent to driving a car with a fuel consumption of 5 litres per 100 kilometers per some 5,000
kilometers.

BIOBELT

Green used to mean simply a conveyor belt’s color. In BIOBELT’s case the color refers to the belt’s
composition. Made of 20% or more renewable raw materials, BIOBELT is the eco-friendly alternative
to traditional conveyor belting that can easily replace standard belts in many applications. Developed by a global team of researchers, BIOBELT is the right choice for any conveyor operators who
adopt more than just a sustainability mindset, but consistently pursue a sustainability strategy.
Successful tests in real-world conditions show that BIOBELT products are just as ideal for airports as
for parcel sorting, logistics centers and for industrial production.

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ENVIRONMENTSUSTAINABLEPERFORMANCE PRODUCTS
Focusing the design of our products on sustainability characteristics also has a positive impact on the carbon footprint, forinstance, by reducing the resource consumption required during
a product’s service life. Other examples are lower water requirements for cleaning the belts or lower energy consumption tooperate them.
Product durability and performance of the belt pays off, both toour customers and the environment. Our belts are an eco-friendly and efficient alternative to other methods of transportation in
intralogistic processes.

EASY RELEASE

Some products tend to adhere to belts or are intrinsically sticky. In this case, conveyor and processing belts are required that guarantee reliable release from the belt at transfer points and therefore
help avoid malfunctions. With their excellent durability as well as particularly good cleanability,
Transilon and Prolink belts contribute to the sustainability of your applications. Downtime is minimized, cleanability is improved and consequently water consumption can be reduced.

PATENTED
SMARTSEALThis in-house developed innovation prevents oil, grease and water, and therefore bacteria, from
penetrating the belt’s carcass. At the same time it prevents fluff from protruding at the edges. Withhigh demands for hygienic conveyor belts made of synthetic materials and fabric tension members,
our Smartseal belts improve the durability of the product and meet hygiene standards (HACCP).

EXTREMULTUS
POWER-TRANSMISSION BELTS

Drag belts are special developments with exceptional mechanical and electrostatic characteristics
that make conveying and handling electronic components safer and more efficient. Easier accumulation with the one of the latest belt versions, which has consistently low friction coefficients on the
top face and underside, means energy savings of up to 50% compared with standard types. Thanks
to its superior abrasion resistance and stable, fray-free belt edges, the product also has a long service life. What’s more, the highly conductive characteristics allow the static electricity generated in
the conveyor to be dissipated in a more controlled manner.

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ENVIRONMENTAMP MISER

These are energy-saving belts. Due to their significantly
lower coefficient of friction, the Amp Miser belt is ideal
where a conveyor’s energy losses are the greatest – thefriction pairing between the underside of the belt and theslider bed. Adding our patented Texglide to the underside
fabric results in a low-friction layer that acts as a permanent
dry lubricant and therefore minimizes energy consumption.
Amp Miser conveyor belts provide maximum benefit in applications where materials are conveyed continuously andwhere many belts are in operation: at airports and in logistics or distribution centers. Energy savings of up to 50%
were measured in total for conveying systems like these.
German inspec­tion body TÜV Rheinland certified the superior savings
potential of Amp Miser belts.

See our certificate here

We received the "Best of Industry
Award 2023" in the category "BestSustainability Project" for our innovative new version of Amp Miser. With
this award, MM MaschinenMarkt
recognizes innovations and new
approaches that excel in meeting thechallenges of the present and thefuture.

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ENVIRONMENTSUCCESS STORYAMP MISER – focusing
on energy saving
Our goal is to maximize environmental friendliness and increase
product value. Which is why we have been successfully conducting
research and development by collaborating with OEMs and users
for many years. Our energy-efficient Amp Miser conveyor belts area prime example. Compared with standard conveyor belts, they
verifiably save up to 50% of power requirements. They cut electricity consumption, therefore decreasing energy costs and causing
lower carbon emissions. Amp Miser belts’ friction coefficient ismuch lower. As a result, they have an impact where a conveyor’s
energy losses are usually the greatest, by the friction caused between the underside of the belt and the slider bed. Impregnating

Coefficient of friction [μ]Compared with standard types, in typical applications withlong conveyors and heavy loads, up to 50 % energy savingsare possible.
Standard belt
Amp Miser belt
0.6
0.5
0.4
0.3
0.2
0.1
0
time

the underside fabric with patented Texglide creates a sliding layerthat consistently acts like a dry lubricant, consequently minimizing friction and energy consumption in turn.
The benefits of Amp Miser conveyor belts are seen particularly
where products are constantly conveyed and lots of belts are used,such as in airports, logistics and fulfilment centers.
A major sporting goods manufacturer in Belgium procures its
conveyors from a general contractor in Holland. Amp Miser
replaced the standard, black, PVC belts that were previously fitted
to an existing conveyor for boxed sneakers. The subsequent energy
measurement revealed savings potential of up to 54%. The lower
energy costs automatically mean a better return on investment for
the whole system. Capacity can also be increased because moreproducts are conveyed at once – and the energy costs arelower too.

Schiphol airport is the biggest in the Netherlands. A project to cut
energy consumption was started with a baggage conveyor system
OEM. Energy losses in a conveyor are normally at their greatest
where friction occurs between the underside of the belt and theslider bed. After measuring the energy consumption on the belts
previously used, these were replaced by Amp Miser. The subsequent comparative measurement produced energy savings of 40%,
while the friction coefficient on the underside stays the same.

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ENVIRONMENTSUSTAINABLESERVICES

END-OF-LIFE
RECYCLING

In addition to sustainable products, we provide a global network of highly skilled service teams to increase
our products’ service lives in any location. Instead of replacing belts, we extend their useful lives by repairingthem wherever feasible. Service staff trainings in basic sustainability concepts offer our customers added
value by extending the belts’ lifetimes, identifying machines’ energy efficiency potential and changing beltsettings in customers’ sites.

We as a manufacturing company are part of the chemical industry. We are aware that it is our responsibility
to look after products at the end of their useful lives. We are at the start of a long journey, but eager to invest
in identifying technically and financially sound solutions. There is a long way to go, but we will pursue thispath with others. With colleagues, public bodies, suppliers and customers we will move forward step by step
to close the loop.

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SOCIAL43

SOCIAL

SOCIAL DIMENSION
Our employees are key to the success of our company. Their
health and safety are paramount. In our sites around the globe,
this aspect enjoys high priority and is vital to good business practices that ensure efficient and sustainable business processes inside the company and across all interfaces. Forbo is committed tofair treatment of all employees and strives to uphold internationally recognized standards of fairness, honesty and integrity. We
work closely with existing suppliers and develop new suppliers todecrease considerable risks to people and the planet. In addition,
we strive to make a positive contribution to the well-being of society and the local communities in which our company operates.

HEALTH AND SAFETY
–
–
–
–
–

Occupational health and safety processes
Employee assistance program
Monitoring of lost time injury frequency rate
Quality, environmental, health and safety policy in place
Customer benefits (low noise belts)

SUSTAINABLE
SUPPLY CHAINS– Responsible sourcing– Supplier assessment and audits– Code of Conduct

CORPORATECULTURE– Forbo Way to Win (company values)– Employee involvement

EMPLOYEES AND TRAINING– Employee training (academy)– Recruitment (hiring highly skilled and motivated individuals
who contribute to our growth and success)

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SOCIAL

SOCIAL DIMENSIONUNITED NATIONS SUSTAINABLE
DEVELOPMENT GOALS
We are committed to the Sustainable Development
Goal (SDG) of the United Nations. Forbo Movement
Systems analysed the 17 SDGs in terms of theirimportance for our business and selected
defined SDG as priority:
Our employees’ health and safety has top priority. Healthand safety throughout our processes, from warehousing
the raw materials to handling hazardous materials andchemicals all the way to operating machines are fundamental aspects. Employees are provided with the training
and information required, as well as safe health and safety
equipment. The goal is to prevent any accidents at all andmaximize safety.
We offer our customers high-quality, safe products, whichhave a positive impact on health and safety in their own
companies. Examples include using belts that are quiet
when they operate on machinery (low noise belts), or
where certification above and beyond the statutory standards means greater safety on the customers’ premises.

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SOCIALHEALTH AND SAFETYCOMMITMENT TO
PRIORITIZING SAFETY
Andrea Reinecke, Health and Safety Officer
Forbo Movement Systems, Germany

At Forbo Movement Systems, our sustainability policy is supported by safety in the workplace. Health and safety is not just a duty,
it is integral to our commitment to our workforce.

«Involving andempowering theworkforce are thekeys to safety.»

We apply the lost time injury frequency rate (LTIFR) and work-related injuries with recorded sick days as our key
performance indicators of our » safety initiatives’ effectiveness. In 2023 the LTIFR is 10.2. This figure constitutes
an improvement of 0.2 in the rate of accidents at work with days lost to sickness worldwide. Furthermore,work related injuries with recorded sick days decreased by 3 incidents in 2023. The number of days lost due towork-related accidents in the reporting year was 547. Our goal is to proceed and extent this trend. By taking
specific action to reduce accidents in the workplace, we want to cut the rate of accidents at work with days lostto sickness to 8.9 by the end of 2024. Our long-term
vision is one of zero tolerance for accidents at work.

Lost time injuries
30
25
20
15
10
5
0
2022

2023

In 2023, to continue reducing accidents at workand therefore the risk to our workforce, numerous
measures were drawn up and implemented at our
production and fabrication sites worldwide. Ourestablished health and safety policy also supports
our objective to cut the number of accidents andprevent any injuries to our employees, or harmful
impact on their health. Consistent improvement
processes help us to implement company policy.
The action taken is proving to be successful andtranslating into an improvement of the LTIFR.

Lost time injury
frequency rate (LTIFR)
12
10
8
6
4
2
0
2022

2023

The lost time injury frequency rate represents work-related injuries with recorded
sick days in relation to the total labour
hours worked, multiplied by a million. The
baseline 2022 was revised, in favour of anenhanced methodology. The indicator isreported to top management every monthas part of our safety reporting system. We
consistently analyze all potential sources ofaccidents and incidents that occur. We initiate appropriate measures to improve ouroverall safety performance. Our workforce’s
growing safety awareness is key to lowering
the total accident frequency rate.

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SOCIALOUR HEALTH AND SAFETY INITIATIVESIN 2023
From our perspective, save working conditions are a basic requirement to operatea business successfully. It is our utmost to
guarantee save working conditions andwell-being for our employees, business
partners and other stakeholders involved
with our products.
We comply with local health and safety
legislation. Our employees receive regularly updated guidelines and instructions
to keep them well informed about national and regional regulations. In organizational terms, we respond flexibly andpragmatically to individual situations andregulations regarding working hours. By
offering options such as remote working,staggered shifts, providing protective facemasks, issuing sanitizers and taking otherorganizational steps, we are able to protect our employees health successfully.

Training
In 2023, in-depth job-safety analyses were updated and expanded
at various sites. Regular training courses on improvements in the working methods are conducted at all our employees’ workplaces.

Investments
We consistently take steps to lower the risk of accidents in the workplace. For instance, in 2023, we replaced the fleet of forklift trucks at
our fabrication site in Malacky, Slovakia. Forklift trucks are vital piecesof equipment in our plants. The new forklift trucks come with safety
belts and cameras so that drivers can place objects on high warehouse
shelves safely. Safety mesh was also fitted to the highest shelves in thewarehouse to minimize the risk of pallets slipping and falling.

Documentation and reporting
Any accident or near-accident at work and the associated corrective
action is documented in writing at all our production and fabricationsites. This documentation is sent to the local management teamstraight away and reported alongside the development of the LTIFR to
the top management team each month. As part of this process, the action taken to ensure safety in the workplace is consistently monitored
to see whether further action is required.
We foster a positive reporting culture among the workforce to ensurethat incidents are reported fairly and openly to line managers. Our employees can rely on quick feedback from managers about incidents. They
receive all necessary resources to take preventive action to avoid a repetition of an accident.

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47

SOCIALInternal audits

Collaboration with trade associations
and special needs authorities

Frequent internal audits help to raise employee awareness of healthand safety and risks at workplace. At our site in Huntersville, US, internal audits in different workspaces are carried out every two weeks.
Health and safety information is provided periodically to all employees
at our sites in Germany and in the US.

We collaborate closely with trade associations and special needs
authorities in Germany. As a result, we are always up to date on safety
guidelines and regulations. We talk to trade associations frequently toensure our health and safety standards are up to date. Consequently, we can guarantee superior levels of safety. We also work closelywith special needs authorities so that employees with disabilities are
given appropriate support. This collaborative approach helps ensurethat these employees are given the help they need to reach their fullpotential.

Preparation for ISO 45001 certification
In 2023, we started to prepare for internationally recognized healthand safety certification at two sites. In future, this will allow us to act
even more professionally within an official health and safety management system.

Evacuation drills

Exoskeletons prevent back problems
To prevent back problems and keep employees fitter, we use exoskeletons at our Hanover production and Garbsen fabrication sites.
Exoskeletons are mechanical structures that support the muscles while
wearers are carrying out physical work. To prevent injuries causedby strain and to maintain performance, they support the body while
employees are doing particular types of work.

Personal protective equipment
We provide our employees with high-quality protective workwear, as
well as respiratory masks with special filter systems. This ensures thatthey have superior protection from potential hazards and can work ina safe environment. The provision of this personal protective equipment underlines our commitment to employee health and safety.
At the same time, it allows us to foster a productive and responsible
workplace culture in our company.

Guaranteeing the safety of our employees requires preventive action
and specific preparation for any emergencies. Which is why we carryout frequent evacuation drills to ensure that our staff can react quickly
and efficiently should one arise. These drills help familiarize people
with the evacuation plan and allow realistic simulations of emergencies. A structured analysis of these drills allows us to identify weak
points in our evacuation plans and to improve our preparations for
emergencies on an ongoing basis.

Employee assistance program
A healthy workplace equals a healthy mind and body. Employees inGermany, Austria and Switzerland can use the independent employee
assistance program. A third-party platform offers support on a numberof personal matters, such as caring for people at home all the way tofinancial issues.

First-aid kits and defibrillators
We have put first-aid kits in strategic places at all our German sites. Thisequipment allows fast and effective action should injuries or accidents
occur – not just for trained first responders. We have fitted defibrillators in all our departments so that life-saving steps can be taken in an
emergency.

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48

SOCIALSUSTAINABLE
SUPPLY CHAIN

Potential suppliers must pledge to respect human rights and working
conditions, rule out child labor and treat other cultures and our ecological resources with respect.
We carry out annual audits and report whether good grounds exist tosuspect child labor in the regions it procures its feedstock from. This iscarried out on the basis of the UNICEF index1.
If, for instance, there is good reason to suspect child labor, a predefinedprocess is initiated that eliminates and/or mitigates the risk of potential
cases. In situations like these, certification to a recognized standard may
be required within a specified period.

Due diligence on childlabor and conflict minerals
1

We conduct and document annual checks to ascertain
if there are reasonable grounds to suspect child laborbased on the nature of supply chain.

2

We also conduct an annual inspection for minerals and metals fromareas of conflict and at high risk.

As part of corporate due diligence, Forbo Movement Systems prevents
the risk of human rights breaches, not just at its own sites, but also along
the supply chain. This includes Forbo Movement Systems’ relationships
with suppliers, customers, and other business partners.
To prevent human rights violations at an early stage, we work with professional suppliers. We also require our suppliers to comply with either
the Forbo Code of Conduct, or comparable regulations in their own
companies. We encourage honest collaboration with our suppliers andcarry out random audits of our business partners.
We do not just select our strategic suppliers based on commercial parameters, but ethical and ecological ones too. We have in-depth guidelines in place to identify, prevent, and mitigate risks associated with childlabor and conflict minerals.

Risk assessment
Our buyers evaluate the risk associated with eachsupply chain per procurement category. Categories withpredominantly white collar workers, such as insurance
and legal services, are considered low-risk. In addition
we refer to UNICEF Children’s Rights in the Workplace
Index. Suppliers operating in countries with a “basic”
score, as per the UNICEF Index, are assumed to be
at low risk for child labor. Those in countries with an“enhanced” or “heightened” score undergo additional
due diligence.

Forbo's principles and internal guidelines on respecting human rights
and the way employees engage with one another, as well as the relevantsocial standards, are set out in the Code of Conduct and available to the
public on our website.

1Children’s Rights in the
Workplace Index, June 2023
www.unicef.ch

Annual supplier checks

3

Mitigation and prevention
If we find reasonable risk or suspicion of child laborwithin a supplier’s operations, we take the following
measures:– Document details such as product description, supplier name, address, and production sites.
– Achieve recognized 3rd party certification to industry
standard best practices.
– Suppliers provide a self-declaration about their labor
practices.
– A specific clause on child labor is added to our supplier agreements or contracts.
– We conduct on-site supplier audits at least once every
five years to ensure adherence to our standards.

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SOCIAL

STATEMENT

Sustainable products
only with sustainablesupply chains
A key objective in Forbo Movement
Systems’ sustainability drive is to ensurethat sustainability governs its supply chainstoo. This includes the suppliers selected, as
well as guaranteeing transparency and ethical conduct.
In terms of supply chain management, it is our responsibility to incorporate theprovisions of the German Supply Chain Act. We are committed to monitoring andguaranteeing human rights and environmental standards along our supply chains
while meeting the requirements of flexible supply chain concepts. For instance, we
aim to cut carbon emissions from shipments by offering alternatives such as transporting freight by rail or sea, optimizing routes and pooling shipments to prevent
empty runs. When we assess and select suppliers, we have included criteria forsocial and environmental standards in the process. To ensure fair working conditions along the supply chain, we collaborate closely with our suppliers’ purchasing
departments. For example, we also offer training courses and audits to improve
working conditions and the environmental impact. Our procurement policy also includes the gradual introduction of sustainable raw materials and packaging, as well
as digitalizing and automating our processes. As a result, we can make sure that our
suppliers also act in a socially and ecologically responsible way.

Svantje Kemna,
Global Purchasing Director
Forbo Movement Systems, Germany“Maintaining a sustainable supply chain
is vital to making ourbelts future proof.
Therefore, these endeavors play a keyrole in achieving ourcompany’s sustainability objectives.”
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SOCIAL

STATEMENTWe care about eachcustomer requirement,
no matter how specificCertification –more than statutory requirements

Our customers in the food industry in particular need to be able tocount on high-quality belts to make perfect finished goods. Whichis why we set the bar in the industry high. We do not just meetstatutory requirements, but also have our products certified byNGOs like the EHEDG (EL Class 1 AUX), the NSF or USDA. We
are convinced that it is the globalization of the food supply chain
above all that requires standardized certification for international
trade.

Low noise products
We have also developed low noise belts for the food industry,
which are quieter and therefore have a direct impact on employees
work environment.
The objective and results of noise measurements on conveyor
belts and other components on the test rig are very different frommeasurements based on DIN and OSHA standards, each of whichanalyzes whole conveyors. Measurements on the test rig makeboth belts and other components comparable with each other interms of the role they play in the noise a conveyor emits overall.

These findings are becoming increasingly important in view ofrising conveying velocities and provide valuable insights that areincorporated into current development projects at Forbo
Movement Systems. There is a whole range of belt types that canalready be used in noise-sensitive areas. These generate exceptionally low noise when they run over a slider bed or on the returnside. As these measurement results suggest, their low noise emissions only mitigate the total noise level of the conveyor if othercomponents (motors, drive chains, bearings, etc.) are not evennoisier. We have mobile noise meters to carry out on-site measurements on conveyors.
Exceptionally low noise Siegling Prolink series 8.1 modular belts
are equally suitable for superior levels of power transmission anddurability. The focus of the low noise modular belts was placed on
making cleaning easy and minimizing noise. These characteristics
are achieved by a combination of three design attributes: the belt’s
underside has an enhanced contact surface with the slide rails andthe pinion contact that is open toward the top, making cleaning
the modules simpler. The special design of the module’s shape ensures what is, for modular belts, unusually quiet operation without
any rattling. Additionally, a small lug on the hinge minimizes playin tracking direction.

Imke Brandes,
Global Segment Manager Food, a.i. Global Sanitary Compliance Manager
Forbo Movement Systems, Germany“We have our processes andproducts voluntarily audited
by independent organizations
and place food safety at center
stage.”FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

SOCIAL

51

CORPORATECULTURE
Forbo's culture is embedded in the Forbo Way to Win
values program. This covers the entire organizationand today forms part of the onboarding program for
new employees at Forbo Movement Systems.
In the Forbo Way to Win, we have defined three core values that each encompass three
guiding principles: inspiring, daring and caring. These principles are part of our everyday
working life. Thanks to our global reach and links to local communities, we are proud tohave longstanding relationships with our employees, many of whom have belonged to ourorganization all over the world for many years. We cherish the diversity of our organizationand the inclusive culture we pursue. We have embarked on a journey to embed sustainability, step by step, in our everyday lives to an even greater extent.

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SOCIALEMPLOYEES AND TRAINING
In 2023, we carried out 6,724 upskilling initiatives. They include global Forbo Movement Systems Academy qualifications, statutory
and general training courses, awarding English licences, international and regional sales force training, as well as conducting management training sessions.
In 2023, around 250 employees completed training courses based on national or international requirements
for specific areas, such as the training provided by the European Chemicals Agency (ECHA) on how to handle
di-isocyanates correctly. The purpose of these training sessions is to lower health and safety risks.
The division-wide online training courses cover important topics such as cyber security, competition law andthe prevention of corruption. All employees complete this training when they join Forbo Movement Systems
and then repeat it annually. A new addition in 2023 is online training on respect at work to raise employee
awareness of issues such as bullying and engaging with one another in an empathetic way.
There were also specific training programs for management as well as method-driven training. The Forbo
Movement Systems Academy (FMSA) will continue to offer product and service training courses that areavailable to employees on an ongoing basis.

Training and upskilling initiatives in 2023 at a glance– Leadership principles course for enhancement of management skills– Movement Systems’ strategy execution process (STEP), to help and facilitate teams using thismethod– Product expertise programs for new products and services, features and unique selling
propositions– Code of Conduct course as part of the familiarization program as well as a refresher session for all
our employees– A cyber security program– Training on competition law, prevention of corruption and respect at work

4

6,724

CHF 371,000

internal promotions

training sessions

training costs

In 2023, four employees were
promoted internally to senior
management level.

In 2023, 6,724 training sessions
were completed globally.

In 2023, we spent CHF 371,000 on developing ourworkforce to enhance our employee’s skills, knowledge,
and overall performance, thereby fostering professional
development and organizational growth.​This figurereflects third-party training costs for our employees.

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SOCIALOUR WORKFORCEAt Forbo Movement Systems, diversity in workplace has always
included a diversity of people of different origins, genders, ages,
religions, disabilities, and political or sexual orientation. In ourcommitment to sustainability, the diversity of our workforce
proves our values.
Embracing diverse perspectives, backgrounds, and talents, we foster an environment where every individual
can grow personally and professionally. We actively collaborate with workshops supporting handicapped
individuals, such as Vahrenheider Werstätten, close to our production plant and headquarter in Hanover,Germany, producing the belting sample books.
Recognizing that a flexible work environment is essential to adapt to the dynamic needs of our team members, we enable our employees to work part-time and use flexible working time models. This option not only
contributes to an improved work-life balance for our employees, but also enhances the well-being of ouremployees and contributes to the overall efficiency and resilience of our organization.
We regard the diversity of our organization – all the different experiences, educations, skills, beliefs and personalities – as our most valuable asset.

Our workforce​
Total number of heads

2,473

Permanent, thereof

92

Part-time

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SOCIALOUR WORKFORCE
Share of female
and male employees
75.1%
Men

Age structure
in percent
Men

50%

Women

40%
30%

24.9%
Woman

20%
10%
0%

<30

30-50

>51

Apprentices, trainees, disabled
Number of heads

2,473

Total workforce, thereof

62

People withdisabilities

18

Apprentices
and trainees

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55

GOVERNANCE

56

GOVERNANCE

ACT RESPONSIBLY
IN GOVERNANCE FRAMEWORKA strong commercial base is vital when developing a sustainable organization. Our goal
is to deliver consistently on innovations and optimize the design, service level, performance, range and quality of our portfolio for all stakeholders. In pursuit of this objetive,
we will act responsibly and within our guidelines on corporate governance, risk andcrisis management and our Code of Conduct. At any time, we respect local and international laws and regulations.

CODE OFCONDUCTRISKMANAGEMENT

Code of Conduct

Risk management and evaluation

Forbo’s Code of Conduct applies to all our employees. It clearly stipulates that the company does not engage
in any dubious or corrupt business practices, nor does it tolerate such practices. The Code of Conduct is partof the Forbo training program and is mandatory for all employees. The Forbo Group assesses risks annually
and analyzes business processes within the organization for the divisions. Risk evaluation includes internal
controls and business risks as well as specific issues regarding fraud and corruption.

Risk assessment and management form an integral part of the organizational processes at Forbo Movement
Systems and are taken into account in all decision-making processes. Periodic risks, financial risks and specifichazards are identified and evaluated internally. After pinpointing and evaluating the risks, we apply risk management methods from one or more of the following main categories: avoid, reduce, spread, accept.

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ANNEX

58

ANNEX

GRI CONTENT INDEXStatement of use

Forbo Movement Systems has reported the information cited in this GRI content index for the period 01.01.2023 to 31.12.2023
with reference to the GRI Standards.

GRI 1 used

GRI 1: Foundation 2021

GRI STANDARDDISCLOSURE

LOCATION

2-1 Organizational details

Sustainability Report, pages 12-14, Annual Report

2-2 Entities included in the organization’s sustainability reporting

Sustainability Report, page 17

2-3 Reporting period, frequency, and contact point

Sustainability Report, page 17

2-4 Restatements of information

Sustainability Report, pages 26, 29, 45

2-6 Activities, value chain and other business relationships

Sustainability Report, pages 14-17

2-7 Employees

Sustainability Report, pages 53-54

2-9 Governance structure and composition

Sustainability Report, page 10, Annual Report2-10 Nomination and selection of the highest governance body

Annual Report

2-11 Chair of the highest governance body

Annual Report2-12 Role of the highest governance body in overseeing the management of
impacts

Annual Report2-13 Delegation of responsibility for managing impacts

Annual Report2-14 Role of the highest governance body in sustainability reporting

Sustainability Report, page 10

2-15 Conflicts of interest

Sustainability Report, pages 56, Code of Conduct

2-16 Communication of critical concerns

Annual Report2-17 Collective knowledge of the highest governance body

Annual Report2-18 Evaluation of the performance of the highest governance body

Annual Report2-19 Remuneration policies

Annual Report2-20 Process to determine remuneration

Annual Report

GRI 2: General Disclosures 2021
1. Organization and reporting practices

2. Activities and workers

3. Governance

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GRI CONTENT INDEX
4. Strategy, policies and practices
2-22 Statement on sustainable development strategy

Sustainability Report, pages 17, 23, 44

2-23 Policy commitments

Sustainability Report, pages 56, Annual Report, Code of Conduct

2-24 Embedding policy commitments

Annual Report2-25 Processes to remediate negative impacts

Sustainability Report, pages 56, Annual Report, Code of Conduct

2-26 Mechanisms for seeking advice and raising concerns

Sustainability Report, pages 11, 56, Code of Conduct

2-28 Membership associations

Sustainability Report, page 17

2-30 Collective bargaining agreements

Sustainability Report, pages 56, Code of Conduct

3-1 Process to determine material topics

Sustainability Report, page 18-20

3-2 List of material topics

Sustainability Report, page 20

3-3 Management of material topics

Sustainability Report, pages 31, 34, 35, 37-41, 46-56

201-1 Direct economic value generated and distributed

Annual Report

201-3 Defined benefit plan obligations and other retirement plans

Annual Report

201-4 Financial assistance received from government

Annual Report

GRI 205: Anti-corruption 2016205-2 Communication and training about anti-corruption policies
and procedures

Sustainability Report, page 52, Annual Report

GRI 206: Anti-competitive Behavior 2016

206-1 Legal actions for anti-competitive behavior, anti-trust, andmonopoly practices

Sustainability Report, page 52, Annual Report, Code of Conduct

GRI 301: Materials 2016

301-1 Materials used by weight or volume

Sustainability Report, page 35

GRI 302: Energy 2016

302-1 Energy consumption within the organization

Sustainability Report, pages 29-30

302-2 Energy consumption outside of the organization

Sustainability Report, page 28

302-3 Energy intensity

Sustainability Report, page 29

302-4 Reduction of energy consumption

Sustainability Report, page 31

302-5 Reductions in energy requirements of products and services

Sustainability Report, pages 38-40

5. Stakehoder engagement

GRI 3: Material Topics

TOPIC STANDARDSGRI 201: Economic Performance 2016

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GRI CONTENT INDEXTOPIC STANDARDSGRI 305: Emissions 2016305-1 Direct (Scope) GHG emissions

Sustainability Report, pages 25-28

305-2 Energy indirect (Scope) GHG emissions

Sustainability Report, pages 25-28

305-3 Other indirect (Scope) GHG emissions

Sustainability Report, pages 25-28

305-4 GHG emissions intensity

Sustainability Report, page 26

305-5 Reduction of GHG emissions

Sustainability Report, page 31

306-1 Waste generation and significant wasterelated impacts

Sustainability Report, pages 33-34

306-2 Management of significant wasterelated impacts

Sustainability Report, pages 33-34

306-3 Waste generated

Sustainability Report, page 33

306-4 Waste diverted from disposal

Sustainability Report, pages 33-34

306-5 Waste directed to disposal

Sustainability Report, pages 33-34

GRI 308: Supplier Environmental Assessment 2016308-1 New suppliers that were screened using environmental criteria

Sustainability Report, page 49

GRI 403: Occupational Health and Safety 2018403-1 Occupational health and safety management system

Sustainability Report, pages 46-47

403-2 Hazard identification, risk assessment, and incident investigation

Sustainability Report, pages 43-47

403-3 Occupational health services

Sustainability Report, pages 46-47

403-4 Worker participation, consultation, and communication on
occupational health and safety

Sustainability Report, pages 43-47

403-5 Worker training on occupational health and safety

Sustainability Report, pages 43-47

403-6 Promotion of worker health

Sustainability Report, pages 43-47

404-1 Average hours of training per year per employee

Sustainability Report, page 52

404-2 Programs for upgrading employee skills and transition
assistance programs

Sustainability Report, page 52, Annual Report414-1 New suppliers that were screened using social criteria

Sustainability Report, page 49

GRI 306: Waste 2020

GRI 404: Training and Education 2016

GRI 414: Supplier Social Assessment 2016

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GLOSSARY
Term

Definition

Term

Definition

Biopolymers

Natural polymers produced by the cells of living organisms.
Corn-based biopolymer.

Corporate Sustainability Reporting
Directive (CSRD)

The Corporate Sustainability Reporting Directive (CSRD) requires companies
to report on the impact of corporate activities on the environment and society,and requires the audit (assurance) of reported information.

bioTPU (thermoplastic polyurethane)
bio PEBA (polyether block amide)

Advanced thermoplastic elastomer (TPE) that has very low material densityand excellent resilience over a wide temperature range.

End-of-life recycling

bioPVC

New development in which fossil raw materials are replaced 100 percent by arenewable alternative.

End-of-life recycling refers to the process of recovering and reusing materials
from products that have reached the end of their usable lifespan, minimizing
waste and environmental impact.

Energy efficiency
Energy-efficient

Energy efficiency is measured as the amount of energy output for a given energy input. Energy efficiency means the ratio of output of performance, service,
goods or energy, to input of energy.

Energy consumption

Energy consumption is the total amount of energy required for a given process
and is measured in kilowatt hours (kWh). This includes the use of electricity, gas,
diesel, oil, and biomass.

Energy recovery

Energy recovery includes any technique or method of minimizing the input ofenergy to an overall system by the exchange of energy from one sub-systemof the overall system with another, i.e. harnessing energy freed by the thermal
afterburner for heating and/or for power generation.

Fuel

Fuel is any material that can be made to react with other substances so that it
releases energy as thermal energy or to be used for work.

Global Reporting Initiative (GRI)The GRI (Global Reporting Initiative) is an independent, international organization that helps businesses and other organizations take responsibility for theirimpact, by providing them with the common global language
to communicate this impact.

Global warming

An increase in the world’s average temperature due to human activities, suchas burning fossil fuels, that release greenhouse gases into the atmosphere.

Greenhouse gases
Greenhouse gas emissions

Gases that trap heat in the atmosphere including carbon dioxide, methane,
nitrous oxide and water vapor.

Greenhouse Gas Protocol

The Greenhouse Gas Protocol is the main global standard for public and private
sector entities to measure emissions. Its standards apply to operations, value
chains, and climate change mitigation actions.

Incineration

Incineration is a waste treatment process that involves the combustion ofsubstances contained in waste materials.

Business model

The underlying structure of how a company creates, delivers and captures
value.

Carbon emissions

Emissions of CO2 are from burning oil, coal and gas for energy use, burning
wood and waste materials, and from industrial processes. In this report, thisterm is used in place of greenhouse gas emissions.

Carbon footprint

The total emissions of greenhouse gases (in carbon equivalents) from whichever source is being measured – be it at an individual, organization or productlevel.

Carbonneutral

Through carbon offsetting organization to individual are counterbalancing theemissions they produce to make themselves carbon neutral.

Climate Change

A long-term shift in global weather patterns or average temperatures. Scientificresearch shows that, compared with climate change patterns throughout
Earth’s history, the rate of temperature rise since the Industrial Revolution
is extremely high. Rising temperatures can lead to extreme weather such as
droughts, sea level rises and retreating glaciers.

Circular economy

An economy where waste and pollution are designed out, products and materials are kept in use and natural systems are regenerated.

Conventional energy sources

Conventional sources of energy are the ones that are commonly used, andgenerally non-renewable sources of energy, which are being used since a longtime. Examples of conventional sources of energy include oil, natural gas, coal,biomass, and electricity.

Corporate Carbon Footprint

A Corporate Carbon Footprint covers all direct and indirect emissions related to
a company's activities. This means that emissions across the entire value chain
are included.

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GLOSSARY
Term

Definition

Key performance indicators (KPI)

Financial and non-financial indicators for the performance of a company.

Landfill

A method of disposal of rubbish, by burying it underground.

Lost time injury frequency rate
(LTIFR)

The lost time injury frequency rate formula equals the time lost to incidents
multiplied by a million, divided by the total hours worked on a rolling
12-month basis.

Materiality analysis

A materiality analysis is a process that enables a business to identify their mostimportant areas to focus on so that they can be highlighted as a priority, as
well as to understand which are of most concern to stakeholders and how they
impact the business model (and vice versa). The analysis looks at the impact
our business has on the environment and society, as well as the commercial
relevance of the issues.

Non-renewable energy sources

Non-renewable sources of energy are the ones that are commonly used andhave been used since a long time. Examples of non-renewable sources ofenergy include oil, natural gas, coal, biomass, and electricity.

Original Equipment
Manufacturer (OEM)

Organization that produces goods for other companies to sell under theirown name.

Paris Climate Agreement

A legally binding international treaty on climate change adopted by morethan 190 countries in 2015. Its goal is to limit global warming to well below 2°,
preferably to 1.5° Celsius, compared to pre-industrial levels.

Photovoltaic system

A photovoltaic system is composed of one or more solar panels combined withan inverter and other electrical and mechanical hardware that use energy fromthe sun to generate electricity.

Polyethylene terephthalate (PET)Type of plastic used especially to make bottles.

Polyurethane

Any of various synthetic polymers produced by the polymerization of a hydroxyl (OH) radical and an NCO group from two different compounds.

Production waste

Waste generated in connection with production or fabrication and the opposite to consumption waste, which primarily comprise municipal waste andwaste comparable to it.

Polyvinyl chloride (PVC)

Synthetic thermoplastic material made by polymerizing vinyl chloride.

Term

Definition

Recycling

Processing materials that would otherwise be thrown away and turning theminto reusable material. In closed loop recycling materials from a product are recycled to make the same, or a similar, product without significant degradation
or waste. This can be done repeatedly. In open loop recycling materials from a
product are used to make a different type of product.

Recyclable; recyclability

A product or material that can be collected, processed and manufactured into
a new product.

Resource management

Application of sustainable practices by managing resources in a way that will
benefit current and future generations.

Renewable energy

Energy that comes from natural sources that are constantly replenished like
wind, water and sunlight.

Renewable raw materials

Renewable raw materials are derived from sources that replenish themselves inshort periods of time.

Renewables

Renewable resources or energy sources.

Research and development (R&D)

Set of innovative activities undertaken by companies in developing new services or products, and improving existing ones.

Scope 1 emissions

Scope 1 includes direct emissions generated by combustion processes

Scope 2 emissions

Scopes 2 comprises the indirect emissions caused by the external electricity
supply.

Scope 3 emissions

Scopes 3 comprises the indirect emissions caused by our business operations
along the supply chain.

Solar panels

Solar electric which is used to produce electricity also known as photovoltaic(PV) systems, solar cells that convert light into electricity.

Supply chain

A network between a company and its suppliers to produce and distribute a
specific product to the final buyer.

Sustainable business processes

Designing processes and the built environment in keeping with principles ofsustainability.

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GLOSSARY
Term

Definition

Sustainable Development Goals (SDGs)

A collection of 17 interlinked global goals designed to end poverty, protect theplanet and ensure that all people enjoy peace and prosperity by 2030. They
were adopted by the UN in 2015.

TPE (thermoplastic elastomer)

Class of copolymers or a physical mix of polymers (usually a plastic and arubber) that consist of materials with both thermoplastic and elastomeric
properties.

Value chain

A business model that describes the full range of activities needed to create a
product or service.

Zero waste

A target of sending no waste for disposal via landfill or burning.

FORBO MOVEMENT SYSTEMS – SUSTAINABILITY REPORT 2023

Siegling – total belting solutions

Contact
Forbo Siegling GmbH
Lilienthalstrasse 6/8
D-30179 HannoverPhone +49 511 6704 0
www.forbo-siegling.com