SUSTAINABILITYREPORT

PLAN S E E
one strong groupsustainability
report 2023

Editorial
Dear readers, employees, customers and partners
Ever since the Plansee Group was founded in 1921, sustainability
has been top of mind. Hydropower from Lake Plansee, forexample, has powered our machines since day one and remains
a key part of our renewable energy mix at the Reutte site.
And for over a century, we’ve also manufactured molybdenum
and tungsten products. Our aim is to use these materials toenable high-tech applications and technological progress andachieve top performance across the entire value chain.
As a private company, our aim is to always find the right balance
between social, environmental and economic goals – for the
benefit and success of our customers, employees and business
partners as well as the people at our sites.
In 2021, we defined four focal areas of sustainability: products,
production, procurement and people. Since 2022, we havebeen working on a plan to gradually reduce CO₂ emissions,focusing on the areas where we can to set our Plansee HPM

and CERATIZIT business areas apart from our competition andmaximize our progress. These include purchasing renewably
sourced electricity, producing hydrogen through electrolysis andrecycling raw materials. At the same time, we strive to be the best
employer for current and future employees.
In this first group-wide report, we summarize the PlanseeGroup’s approach to sustainability and its activities in the fiscal
year 2023/24 and give an overview on some upcoming key
measures.
We are committed to working hard on our own sustainability
goals and those that are defined as legal requirements. At thesame time, the Plansee HPM and CERATIZIT business areas are
key suppliers to many companies. As such, an important goal is tohelp our customers operate more sustainably. That’s why we will
spend this year working intensively with suppliers and customers
to define further steps and develop innovative products that will
make our industry and supply chains more sustainable.

The Executive Board of the Plansee Group (from left to right):
Ulrich Lausecker, Andreas Lackner, Karlheinz Wex (Chairman)
and Andreas Schwenninger

The Plansee Group includes the Plansee HPM and CERATIZIT businessareas. HPM stands for High Performance Materials. When the PlanseeGroup is mentioned in this report, "Plansee Group" is written. When thePlansee HPM business area is meant, "Plansee HPM" is written.

PLAN S E E
one strong groupsustainability
report 2023

Contents

Sustainability topics
4
5
6
7

1

2

3

About thePlansee Group

Materials &production
processes

Sustainability
program

Products

Production

Procurement

PeopleGovernance &responsibility

One strong group

The power of powder

Greenhouse gas
reduction plan

Apprentices &trainees

Managing risks

The path to thepowders

Plansee HPM:
innovation partner for
its customers

Responsible sourcing

Plansee HPM:
Strong Metals.
Strong Products.

Sustainability
organization

CERATIZIT: Tooling a
Sustainable Future
Strong sites worldwide

Production
processes atPlansee HPM and
CERATIZIT

Materiality
assessment
Sustainability
targets, measuresand progress

CERATIZIT:
leader in sustainability
Product Carbon
Footprint

Circular economy
and recycling
Quality, health,safety and environment

Raw materials andconflict materials
Supplier management

Long-standing
experts
Supporting
careers
Fostering talents

8
Business conduct
policies
Whistleblower system
Internal audit
IT and information
security
Personal data
Good neighbor in ourcommunities

Highlights
Facts & Figures

Annex
Highlights of
FY 2023/24

Initiatives, labels
and more

Overview of
key figures

ESRS & GRI index

Glossary &abbreviations

Publication details

PLAN S E E
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report 2023

About thePlansee GroupPLAN S E E
one strong groupsustainability
report 2023

Our aim is to always find theright balance between social,environmental and economic
goals – for the benefit andsuccess of our customers,
employees and business
partners as well as the peopleat our sites.
The Executive Board of the Plansee GroupPLAN S E E
one strong groupsustainability
report 2023

One
stronggroup
The Plansee Group strives
for excellence to develop
and manufacture the bestproducts and tools for thecustomers. As clear as the
positioning in the respective
markets is, as close is thecooperation within the Group.

1. About

2. Materials

3. Sustainability Program

4. Products

The Plansee Group specializes in processing
molybdenum and tungsten using powder metallurgy
and has production sites and sales offices in morethan 30 countries. The portfolio includes thousands ofdifferent products and tools.

5. Production

6. Procurement

Tungsten carbide
products

7. People

8. Governance

Tungsten and molybdenum
products

The business is privately held by Plansee Holding AG,
with 100% of the shares owned by the Austria-based
Flatlake Private Foundation. Plansee Holding AG is
headquartered in Breitenwang/Reutte in Austria.
The main shareholdings of Plansee Holding AG include
Plansee SE and CERATIZIT S.A. Plansee Group
Functions bundles groupwide service functions such as
IT, HR, Procurement, Controlling and Finance.
The Plansee Group is backward integrated into raw
material powder supply: Global Tungsten & Powders
Corp. (GTP), a CERATIZIT subsidiary, supplies tungsten
and tungsten carbide powders for both Plansee Groupand external customers. Molybdenos y Metales S.A.
(Molymet), in which the Plansee Group is a strategic
shareholder, supplies molybdenum powders.

Raw material powder supply

The Plansee Group includes the two companies Plansee HPM(handling tungsten and molybdenum metal materials) and CERATIZIT(handling tungsten carbide tools and products). Raw material supply
is guaranteed via Global Tungsten & Powders and Molymet.

More about this in the “Materials” chapter.
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1. About

2. Materials

From raw material
to the final
product.

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Secondary materials & ore concentrate

Tungsten and tungsten
carbide powder

Molybdenum
powderPowder production & recycling

BlanksTools

Solutions

Carbide production

Automotive Industry

Mechanical Engineering

Construction Industry

Semi-ﬁnished products

Assemblies

Solutions

Refractory metal production

Aerospace Industry

Semiconductor Industry

Consumer Electronics

Medical Technology

Power & Energy

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceStrong Metals.
Strong Products.
Focusing on high-performance materials, Plansee HPM takes care ofindustries that need safe and long-lasting products – and by that,builds a long-lasting future.
Plansee HPM is the expert in molybdenum and tungsten
products. Founded in 1921 in Reutte, Austria, the company now
has 12 production sites in Asia, the USA and Europe and a global
sales network.
The refractory metals, alloys and composite materials from
Plansee HPM are used in the semiconductor industry, consumer
electronics, coating technology or high-temperature furnaces.
From tiny heat sinks to huge furnace installations: with its strong
metals, Plansee HPM delivers top-quality products worldwide.
Plansee HPM covers the entire production process in-house,from ore concentrate right to the custom component. It

prioritizes innovation partnerships and R&D to help customers
maximize productivity and encourage technological innovation.
The company works closely with customers to develop
new materials and product solutions for forward-looking
technologies geared towards clean energy, medical engineering,
electronics and mobility.
Going forward, Plansee HPM aims to remain the industry’s
preferred partner for refractory metals. And that’s why it
continuously invests in the training and development of its
employees as well as in production capacities and state-of-the-art
technology: from powder manufacturing and powder metallurgy
processes to custom machining and raw material recycling.

Key facts•

Specializes in molybdenum and tungsten metal
products•

Produces entirely in-house•

Plansee HPM’s innovative strength helps its
customers achieve their sustainability goals

More about Plansee HPM: www.plansee.com
8PLAN S E E
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38%

share of sales fromnew products+3,000employees worldwide

12

productionsites

PLAN S E E
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report 2023

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceTooling a
Sustainable Future
Passion and pioneering spirit for carbide tools determine CERATIZIT's actions.
Sustainability has been a key priority for several years. And that’s why CERATIZIT
reflects its importance in all its communication touchpoints.
For over a century now, CERATIZIT has been developing andproducing sophisticated cutting and wear protection solutions
from tungsten-based carbide tools. The range goes from highly
specialized cutting tools, indexable inserts and carbide rods
right up to new carbide and cermet grades when working withwood and stone.
With more than 20 production sites and a global sales
network, CERATIZIT is a global carbide industry player. It wasformed in 2002 when the Austrian company Plansee Tizit andLuxembourg company CERAMETAL, both of which advanced
carbide pioneers since the beginning of the 20th century,
joined forces.

As a technology leader in the carbide industry, CERATIZIT
holds more than 1000 patents and utility models worldwide andemploys more than 200 people in R&D departments worldwide.
CERATIZIT also collaborates with leading universities andresearch centers.

Key facts•

Specializes in carbide tools

Refining materials and applications on an ongoing basis helps
CERATIZIT and its customers create the many machines, tools,
applications and consumer goods that shape both our immediate
environment and our everyday lives. Its hard material solutions are
deployed in various sectors, including mechanical engineeringand toolmaking, automotive and aerospace and medical
industries. CERATIZIT is headquartered in Mamer, Luxembourg.

•

A pioneer in cutting tools and wear parts•

First Product Carbon Footprint model in the
carbide industry•

Decades of expertise in carbide tool recycling
technologies

More about CERATIZIT: www.ceratizit.com

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38%

share of sales fromnew products*+7,000employees worldwide*

29

production
sites** CB-CERATIZIT is included in these figures.

PLAN S E E
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report 2023

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Mamer
Luxembourg

41

ReutteAustriastrong sites
worldwide
41 production sites and a
global sales network keep
the Plansee Group close to
its customers worldwide.

7

19

ChatsworthFranklin
Indianapolis
Querétaro
Rancho Cordova
Schaumburg
TowandaAlserioBalzheim
Besigheim
Creutzwald
EmpfingenGabrovo
Hanover
JyväskyläKędzierźyn-Koźle
Kempten (logistics)

AmericasPlansee Group
Plansee HPM
CERATIZITCB CERATIZIT

Headquarter
Production

15

EuropeAsia

Lechbruck
Livange
Mamer
Meyzieu
Niederkorn
ReutteSeon
St. Pierre en Faucigny
Türkheim

Bengaluru | 2x
Changzhou
Esashi
MysoreGyeonggi-do
Shanghai | 2x
Taicang

Tamsui
Tianjin
Uluberia
Wugu
XiamenZhangzhou

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Highlights

PLAN S E E
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report 2023

We firmly believe that sustainable action
is not only crucial for the environmentand society, but also for the long-term
success of the company.
Karlheinz Wex,
Chairman of the Executive Boardof the Plansee GroupPLAN S E E
one strong groupsustainability
report 2023

1. About

Facts &
FiguresThis table highlights the PlanseeGroup's key figures for the pastfiscal year. Further figures areshown in this report.
The figures in this report do not include figures from the joint venture
CB-CERATIZIT. If CB-CERATIZIT figures are included, we explicitly
indicate this with a footnote.
The figures in this report generally include figures of the service
company Plansee Group Functions. If figures of Plansee Group
Functions are not included, we explicitly indicate this with a footnote.
Some key figures are only available at Plansee Group level andtherefore include both the Plansee HPM and CERATIZIT business areas.

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

KPI (Definition)

7. People

8. Governance

2021/222022/232023/24

Total number of employees*(headcount, direct employees including temporary staff)

Plansee Group

11,174

11,445

11,208

Sales volume*(in million euros)

Plansee Group

2,017

2,346

2,280

Equity ratio*

Plansee Group

51%

50%

57%

Investments and innovation*(expenditures on infrastructure, machinery, new product andtechnology development as well as M&A in million euros)

Plansee Group

236

254

297

Share of sales from new products*/**(less than 5 years old, measured by net sales in core business)

Plansee Group

40%

41%

38%

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PLAN S E E
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1. About

2. Materials

3. Sustainability Program

KPI (Definition)

4. Products

5. Production

6. Procurement

2021/222022/232023/24

Corporate Carbon Footprint**(absolute emitted greenhouse gas emissions in 1,000 metric tons
CO₂e , the base year 2020/21 is indicated on page 47)

Plansee Group

442

333

305

Percentage of electricity from renewable sources(electricity from a non-depletable source, such as
wind/water/solar power or biomass)

Plansee Group

/

/

92%

Occupational accidents(Total Recordable Incident Rate (TRIR), per 1 million hours
worked, new calculation method since FY 23/24 according to
ESRS; definition see page 98)

Plansee Group

/

/

7,31

Tungsten Recycling Rate**(see definition in chapter “Circular Economy”)

Plansee Group

/

75%

90%

Molybdenum Circularity Rate**/***(see definition in chapter “Circular Economy”)

Plansee HPM

/

29%

32%

Percentage of internally filled middle and senior
management positions(senior and middle management positions hired/backfilled frominternal staff)

Plansee Group

85%

85%

80%

7. People

8. Governance* This figure includes 50% of the joint venture company CB-CERATIZIT.
** This figure excludes Plansee Group Functions with its administrative services.
*** CERATIZIT does not process molybdenum.
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Highlights
Selected highlights of fiscal year 2023/24.

Investments

Ratings, Awards & Charity••

Gold, silver and B rating: CERATIZIT was awarded an EcoVadis silver in November 2023.
In February 2024, the company reached a CDP rating of B . Plansee HPM was awarded
an EcoVadis gold rating in April 2024 and will make its first submission to CDP in the 2024
reporting period.

•

Environmental Award for upGRADE products: CERATIZIT was awarded the Prix del'Environnement 2023 by the Luxembourg industry association FEDIL for the manufacturing
process of carbide grades of the upGRADE portfolio. By using secondary raw materials
from an optimized recycling process, the upGRADE carbide products offer a particularly low
carbon footprint.

•

Best District Exporter Award: Plansee India was honored with the "Best District Exporter
Award", an award given by industrial trade associations. It recognizes Plansee India's
achievement of being the largest exporter in the Mysore district. The site has won this award
almost each year since 1999/2000 at national, regional and district levels and received over
25 awards for export excellence.

••

Construction of a new hydrogen electrolyzer in Reutte: Going forward, the hydrogen used at
Plansee HPM and CERATIZIT in Reutte, Austria, will be produced by electrolysis using renewably
sourced electricity, with construction underway since early 2024 (see page 50). The new hydrogenelectrolyzer, to be built, owned and operated by Linde, will cover half of the production facilities'hydrogen requirements from 2025. By 2025, CERATIZIT and Plansee HPM will be able to halve local
emissions from hydrogen production at the Reutte site; by 2030, all hydrogen production there is to
be CO2 -free. Until now, the process has used natural gas and is known as steam-reforming.
Launch of a hydrogen recycling project: Hydrogen recycling has begun in some sinter facilities
of Plansee HPM in Reutte, Austria (running since 2021 - the entire recycling potential in thisproject will be exhausted by 2025). It involves collecting and treating the "waste gases" in a drying
process and then returning them to the cycle. Up to 10% of hydrogen can be recycled each year,
which results in savings in electricity or natural gas for hydrogen production.
Buildings, facilities and other structures: The Plansee Group initiated and completed several
construction projects that focus on sustainability. To name a few examples: the CERATIZIT
production plant in Kreckelmoos, Austria (2022), the new Plansee HPM and CERATIZIT
production buildings in Gabrovo, Bulgaria (under construction), a photovoltaic system at
CERATIZIT in Como, Italy (2023), a combined heat and power installation at CERATIZIT in
Empfingen, Germany (2023) and a high-temperature heat pump for Plansee HPM (funded by
the environmental funding program of the BMK, see page 52) in Reutte, Austria (2024). All follow
sustainable building principles and increase energy efficiency.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Organization•

Structuring the sustainability program: The Sustainability Best Practice Program (SBPP) wasestablished in 2023 to structure the Plansee Group's sustainability efforts. It brings together
experts from different departments to identify substantial sustainability issues, develop measuresand start implementation programs. They also define a set of Key Performance Indicators (KPIs) tomeasure implementation success and document progress.

•

Group-wide e-learning series on sustainability launched: To help all employees (especially sales
and field staff) discuss sustainability, Plansee HPM and CERATIZIT have created an e-learning
series. A couple of lessons cover the basics and vocabulary, while business area-specific lessons
explain the product offerings of Plansee HPM and CERATIZIT around sustainability.

Innovation•

Introduction of the Product Carbon Footprint: CERATIZIT was the first company in the carbide
industry to introduce a model for calculating the Product Carbon Footprint (PCF) of its carbide
products . The calculation approach is in line with international ISO standards and has been criticallyreviewed by a third party.

•

New upGRADE grade: At LIGNA 2023, a trade fair for the woodworking community, CERATIZIT
presented its new upGRADE grade KLC20+ for woodworking tools. At least 99% of the material
used for KLC20+ comes from secondary raw material.

•

First deliveries: In 2023, Plansee HPM presented the new generation for high-temperatureprocesses. Thanks to numerous technological optimizations, Plansee HPM was able to reduce theenergy consumption of the high-temperature process by up to 27% on average compared to theindustry standard. The first orders were received shortly after.

•

Sunny racers: As Gold Sponsor of Team Sonnenwagen Aachen, CERATIZIT is part of an innovative
student project. Team Sonnenwagen Aachen is a team of 50 students from the RWTH and FH
Aachen universities who build a solar-powered racing car every two years to compete with the best
universities in the world. CERATIZIT supplies Team Sonnenwagen Aachen with the know-how of
the company’s experts and provides tools. This year, it additionally produced several components
from the wheel package in the Technical Center in Kempten.

Changes in the Plansee Group's
organization and supply chain in
the past fiscal year:•

On August 14, CB-CERATIZIT, a joint venture company of
CERATIZIT, has acquired 70% of the shares of Changzhou
CW Toolmaker Inc. The privately owned company
specializes in the design, production and sales of tungsten
carbide cutting tools for the electronic industry and a variety
of other industries including including aviation and railway.

•

On September 14, CERATIZIT acquired Xceliron Corp.
in Chatsworth, CA, USA. The company specializes in the
manufacture of special solid carbide tools for the aerospace
and automotive industries.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceInitiatives and labels
To ensure compliance in its sustainability practices, thePlansee Group strives for validated ratings and has joined
global sustainability initiatives.
The Plansee Group (with Plansee HPM) has joined United
Nations Global Compact (UNGC) in December 2023, oneof the world’s leading initiatives for responsible corporate
governance. CERATIZIT has been already supporting UNGC
since September 2023. This commitment to responsible andsustainable business practices requires the Plansee Group topromote and implement the UNGC's ten universal principles fordifferent areas.
Plansee HPM and CERATIZIT have each joined the Science
Based Targets initiative (SBTi) and committed to set nearand long-term company-wide emission reductions in line with
science-based net-zero. SBTi independently assesses andapproves company targets based on its climate science criteria.

In 2023, CERATIZIT has earned a CDP (formerly the
Carbon Disclosure Project) score of B in 2023. Plansee
HPM will make its first submission to CDP in the 2024
reporting period. The CDP is an international nonprofit organization that helps companies disclose theirenvironmental impact.
GTP as the Plansee Groups' internal supplier of tungsten
powders (APT, Oxides, Carbides, Tungsten Metal
Powders) and semi-finished tungsten products wascertified as a Responsible Minerals Assurance Process(RMAP) conformant smelter by the Responsible
Minerals Initiative (RMI) to comply with American andEuropean regulations.

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1. About

2. Materials

Plansee Group

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Plansee HPM•

Plansee HPM and GTP (part of CERATIZIT) are part of the Refractory Metals
Association (RMA).

•In April 2024, Plansee HPM has earned a gold medal from EcoVadis with a total
score of 78/100.

•

GTP (part of CERATIZIT) is on the board of the Tungsten Industry Conflict
Minerals Council (TiCMC), Plansee HPM and CERATIZIT are supporting
members.

•

Plansee HPM is a member of the International Molybdenum Association (IMOA).

•

Plansee HPM is a member of the Tantalum-niobium International Study Center (T.I.C.).

Plansee HPM and CERATIZIT had an audit of the Due Diligence Processes
for tantalum and tungsten to conform with the EU Conflict Mineral regulation
2017/821. Plansee HPM with RCS Global; CERATIZIT with Quality Austria.

•

Plansee China is certified by IECQ (Certificate of Conformity Hazardous Substance
Process Management).

•

CERATIZIT•CERATIZIT has earned a silver medal from EcoVadis in autumn 2023 with a total
score of 61/100.

•

CERATIZIT is a member of the board of the International Tungsten Industry
Association (ITIA). GTP and Stadler (part of CERATIZIT) are regular members.

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About
this
reportThis sustainability reportcovers FY 2023/24. The scopeis the Plansee Group withits business areas Plansee
HPM and CERATIZIT with
their production sites and, if
applicable, their sales offices.

The annual reporting period is in line with FY from March 1
to February 29, 2024. The report also provides information
about important activities that took place either before orafter that period, up until the editorial deadline.
This report contains a selection of individual examples that
illustrate the areas, topics and projects that the Plansee Groupis working on at various sites worldwide.
As well as the Plansee Group's Sustainability Best Practice
Program, which focuses primarily on the major levers, many
initiatives from sites and departments help the company
achieve its sustainability goals.
Cases in which the availability of data limits the scope of key
figures are noted.
Topics were selected by referencing a materiality assessment
according to their significance and the key expectations of thePlansee Group’s stakeholders. Reference for this report were
the Corporate Sustainability Reporting Directive (CSRD) andthe associated European Sustainability Reporting Standards(ESRS) of the European Union.
The CSRD requires the Plansee Group to report on its
sustainability activities in the annual report starting 2026 for
FY 2025/26.
The next sustainability report will cover FY 2024/25 and is
expected to be published in July 2025.

PLAN S E E
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Materials &production processes

PLAN S E E
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Ongoing optimization of technical processes
often leads to more extreme operating
conditions, characterized by high temperatures,pressure and abrasive loads. The outstanding
properties of tungsten and molybdenum
meet these requirements and make themindispensable for technological progress.
Ulrich Lausecker,
Member of the Executive Boardof the Plansee GroupPLAN S E E
one strong groupsustainability
report 2023

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

The powerof powder
The Plansee Group processes refractory metals suchas tungsten and molybdenum with powder metallurgy.
The process differs from the more commonly known
melting of metal and results in different characteristics
needed for special applications.
Metal powder is compacted sequentially before or while exposing itto pressure and heat, at a temperature well below the melting point.
This key step is a process of thermal densification known as sintering.
Powder metallurgy allows the Plansee Group to press and sinter its
powder to near net shapes, eliminating the need to remove much of
the material in subsequent steps and thus saving material. Accordingly,
powder metallurgy is recognized as a resource-efficient technology by
the Metal Powder Industries Federation.

Key facts•

Powder metallurgy allows the Plansee Group to produce materials withmelting points well above 2,000°C and in compositions not accessible
via melting (pseudo alloys).

•

The process is particularly cost effective, even at low production volumes.

•

The product requirements determine the tailor-made powder blend.

•

The three key factors in powder metallurgy are the powder itself as wellas the compacting and sintering processes. The Plansee Group controls
and optimizes all these steps in-house.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

The pathto the powders
Molybdenum

Tungsten

Main supplier of molybdenum oxide for Plansee HPM is thecompany Molymet in Chile. Molybdenite or other molybdenum
ores are processed in the mines to obtain concentrates
and are further processed to obtain molybdenum trioxide.
Molybdenum-containing ores from the mines are first enrichedby physical processes, then purified for further processing bychemical processes.

The US-based Global Tungsten & Powders (GTP) is considered
one of the leading tungsten powder suppliers in the Westernworld. Its product range includes ammonium paratungstate(APT), tungsten oxide (WOX ), tungsten metal powder (WMP) andtungsten carbide (WC). Ores containing tungsten from mines are
first enriched via physical processes, yielding ore concentrate.
The ore concentrate is further purified via chemical processes.

Molybdenum is obtained from both primary and by-productmines (typically used to extract copper). Sourcing molybdenum
from by-product mines generates far less of a carbon footprintcompared to primary mines, since the carbon units allocated tothe mining operation itself are assigned to the primary metal.

GTP mainly processes secondary raw material into tungsten
powders, depending on the product mix and availability ofcarbide scrap. The secondary raw material includes different
types of hard and soft scrap. The remaining demand is met bytungsten ore concentrates from Western mines.

How are metal powders produced?
In the case of molybdenum and tungsten, thehigh-purity oxide powders molybdenum trioxide(MoO 3) and tungsten trioxide (WO 3) undergo a
reduction process in a hydrogen atmosphere.
The process of reducing tungsten oxide to metal
powder happens in a single step. For better
process control, molybdenum trioxide is reduced
to molybdenum dioxide (typically reddish-brown,hence the name "molybdenum red") before being
fully reduced to the metal powder in a second
step. Once this metal powder is obtained, theproduction processes can start.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Processes
at Plansee HPM
MixingPressing & sintering

Further treatments

Molybdenum and tungsten powders are mixed to produce
homogeneous metal products with the desired properties.
Either pure molybdenum or tungsten powders are processedor mixtures with precisely dosed alloy additives are produced.

Compaction turns the pure or mixed powder into a chalk-likeworkpiece with a density of 60 to 70% of the theoretical density.
Metallurgists refer to this workpiece as a green body or pressed
part. During the sintering process, the pressed part transforms
into what is known as the sintered part at temperatures below
the melting point, namely a solid workpiece with a density ofmore than 90% of the theoretical density.

Mechanical deformation in combination with heat treatment,
ensures further transformation: the sintered part loses its
brittleness, reaches close to 100% density and gains its
characteristic mechanical and physical properties.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Processes
at CERATIZIT
MixingPressing & sintering

Further treatments

In case of cemented carbides, the tungsten carbide is mixed withcobalt powder, which functions as a binder for the hard phaseand toughens the body. The composite material consists of morethan 85 wt% (percentage by weight) of tungsten carbide as thehard phase and up to 20 wt% of cobalt as the binder.

Compaction turns the pure or blended powder into a chalklike
workpiece with a density of 60 to 70%. Metallurgists refer to thisworkpiece as a green body or pressed part. The densification
processes mainly involve liquid phase sintering. Cemented
carbides are generally pressed and sintered to full density at (near)
net-shape since further densification is impossible and machining
is difficult due to the high hardness.

Cemented Carbides, mainly used for cutting tools and wear
parts, are difficult to machine given their extreme hardness.
Accordingly, grinding and polishing processes are generally
used for final shaping of the produced part. 80% of thecemented carbide parts used for cutting tool applications
are coated to extend the tool lifespan and meet a range ofrequirements.

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Sustainability programPLAN S E E
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We are focusing on areas
where we can progress
fastest and with maximum
impact. We don't just want tobecome more sustainable; wealso want to be a pioneer androle model in our industries.
Andreas Lackner,
Member of the Executive Boardof the Plansee GroupPLAN S E E
one strong groupsustainability
report 2023

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Sustainability
organization
The framework for all sustainability activities of the PlanseeGroup is formed by the UN’s 17 Sustainable Development
Goals and the ESG approach for companies to promotesustainable development in the environmental, social andcorporate governance areas.
The sustainability organization in thePlansee Group is set up as follows:•

The Sustainability Steering Committee, supportedby the QHSE Committee, monitors the group-wide
implementation of sustainability goals.

••

The Sustainability Best Practice Program (SBPP)
coordinates the group-wide implementation ofsustainability measures and involves cross-departmental
functions including HSE, Controlling and Accounting,Communication, HR, IT, Procurement, Sales and Legal.
The SBPP oversees legal compliance with the Corporate
Sustainability Reporting Directive (CSRD) and othersustainability regulations applicable to the PlanseeGroup. It also ensures standardization between group•

The Executive Board develops the sustainability strategy
and coordinates its implementation within the Group.
The Supervisory Board approves the sustainability
strategy and monitors its implementation.

functions and business areas as required and supports
the exchange of best practices within the wholeorganization.
••

For Plansee HPM and CERATIZIT, a member of the
Executive Board is responsible for sustainability, while
the HSE business functions oversee the management of
all sustainability measures.

General UN SDGs

At the individual production sites, each Managing
Director is supported by an HSE Site Manager and othercross-­d epartmental functions to implement and manage
sustainability activities at the operational level.
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1. About

2. Materials

3. Sustainability Program

Materiality
assessment
By focusing on key measures, the PlanseeGroup ensures that its sustainability strategy
is implemented in line with the company's
environmental, social and economic goals.

4. Products

5. Production

6. Procurement

7. People

8. Governance

Review
To benchmark its overall sustainability strategy, the Plansee Group first assessed thematerial issues and areas requiring action in 2021.
The first step involved conducting a stakeholder analysis on relevant sustainability
topics at associations, customers and competitors (desktop research): throughinterviewing key stakeholders (representatives of customers, associations,competitors and suppliers as well as Executive Board members and othermanagers), surveying 11 external stakeholders in the Chinese market and holding
an online survey of employees at Plansee HPM and CERATIZIT sites worldwide (thetotal of 1,475 completed questionnaires corresponds to a response rate of 32%).
The Plansee Group summarized all the research results in a materiality matrix
and discussed them in workshops at senior management level. The topics wereranked according to relevant stakeholders’ expectations with weighting as follows:
50% external stakeholders (customers, associations, competitors and suppliers) and
50% employees. In addition, opinions on the business relevance for Plansee HPM
and CERATIZIT by the managers surveyed were also taken into consideration.

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Four focus areas
Products

Production

Procurement

PeoplePLAN S E E
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1. About

2. Materials

3. Sustainability Program

The materiality assessment defined the following four areas along the value chain, which represent
the focus of the Plansee Group’s sustainability activities:
Products: Sustainable product and technology innovation
With over 100 years of expertise in the refractory metals industry, the PlanseeGroup continually invests in the improvement and new development of its
products, technologies and processes.
Production: Material & resource efficiency in production
Wherever possible, circular processes for materials are used – by reusing,
remanufacturing, refurbishing or recycling – to reduce the mining of virgin raw
materials and minimize resource use. The Plansee HPM and CERATIZIT businessareas have each developed a detailed roadmap for the reduction of greenhousegases for Scopes 1 to 3.
Procurement: Environmental and social aspects in the supply chain
In addition to a Supplier Code of Conduct already in place for many years andrecently revised, the groundwork has been laid to implement strategic suppliermanagement and systematically evaluate and develop suppliers in line with ESG
criteria. This is being approached gradually - starting with key suppliers.
People: Attractive workplace
The Plansee Group’s employees underpin its global success. The Plansee Group
therefore offers them an attractive workplace: a safe, healthy, diverse and inclusive
space where teamwork, creativity and productivity can thrive.

4. Products

5. Production

6. Procurement

7. People

8. GovernanceStrong measures
By thoroughly analyzing the CO2 footprint at all production sites and defining measureswith significant leverage for CO 2 reduction, production companies Plansee HPM and
CERATIZIT have ensured that the measures can be implemented in a targeted andsustainable manner. Detailed information on these measures can be found in the“Sustainability Topics” chapter.

Outlook
To meet the CRSD requirements, the Plansee Group will conduct a further
materiality analysis in 2024 and update it regularly. The results will be includedin the next report.
Starting 2026 for FY 2025/26, the Plansee Group will bundle non-financial andfinancial reporting in a single statement, in line with the requirements of the CSRD
and the associated ESRS.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Mission to lead
The Plansee HPM and CERATIZIT business areas havedeveloped specific sustainability missions to strengthen
and further develop their business models.

Plansee HPM aims to be a leader in sustainability in the refractory metals
industry. Its climate plan includes carbon neutrality by 2030 and net zeroby 2050. With these goals in mind, Plansee HPM has started implementing
sustainability measures throughout the value chain.
As a key supplier for many customers, Plansee HPM’s mission is to leverage its
innovative strength to help them achieve their sustainability goals. And that is
why its sustainability strategy is a core component of its global strategy.

CERATIZIT aims to be a leader in sustainability in the carbide and cutting toolindustry by 2025. Reflecting this ambitious goal, CERATIZIT reworded its
company motto from "Tooling the Future" to "Tooling a Sustainable Future".
The climate plan includes carbon neutrality by 2025 and net zero by 2040
as well as scope to further expand the recycling of tungsten. The aim is to
reduce the use of virgin raw materials and boost the share of raw materials
remaining in the production chain. To achieve this, the company is implementing
sustainability measures throughout the value chain and training its employees.
Initially however, CERATIZIT focused on the most impactful aspects: Climate
neutrality and the circular economy.

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1. About

2. Materials

3. Sustainability Program

Sustainability
targets,
measuresand progress

4. Products

5. Production

6. Procurement

7. People

8. Governance

Plansee HPM and CERATIZIT
have set sustainability goals
for decarbonization. At PlanseeGroup level, goals have also
been set for governance and all
four focus areas.
For transparency, the goals, measures and progress madeduring the reporting year are described below. The goals are
mapped against the Sustainable Development Goals (SDG)of the United Nations. The progress in figures can be tracked
for the targets marked with an asterisk * in the overview of key
figures from page 95 on. This table will be updated in the next
sustainability reports.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

Area

Goal

Measure(s) in FY 2023/24

Status

Products

Plansee HPM & CERATIZIT: Calculate a specificproduct carbon footprint (PCF)

A calculation model has been developed. The calculation approachin line with international standards has been reviewed by a third party.
CERATIZIT started to roll-out the PCF classification model.

Achieved

CERATIZIT: Grow the share of low carbon cemented
carbide products.

The development of high-performance grades with high content
of secondary raw material is ongoing. At Ligna 2023 trade fair the
woodworking product portfolio (KLC20+) was launched.

On track(Ongoing)

Plansee Group: Achieve a Tungsten Recycling Rateexceeding 90%.* (see definition on page 54)

The purchase of tungsten-based secondary raw material was
intensified and quality was improved. APT (ammonium paratungstate)production for high scrap content was optimized. The portfolio of
products made from secondary raw materials is being expanded.
Advertising for products made from recycled tungsten was launched tostimulate demand. These measures are ongoing.

On track(Ongoing)

Plansee HPM: Implement a global HSE framework.

Define, align, and implement a global HSE development pathwith common standards and processes as part of our Integrated
Management System.

On track(Ongoing)

Plansee Group: Purchase 100% of 3TG (tungsten,tin, tantalum and gold) raw materials exclusively from
RMI-certified smelters.*

All 3TG raw materials were purchased exclusively from RMI-certified
smelters.

Achieved(Ongoing)

Plansee Group: Cover a large proportion of theelectricity demand using renewable energy sources.

A large part of the electricity supply has already been converted
through guarantees of origin (GOO) and/or renewable energy
certificates (RECs).

On track(Ongoing)

PeoplePlansee Group: Recruit 8 of 10 middle and senior
managers internally.*

Succession management: ensures planning of long-term succession for
management positions. Talent management: ensures identification oftalent at group leader level.

On track(Ongoing)

Governance

Plansee Group: Update the Code of Conduct.

The Code of Conduct was extensively revised and supplemented by the
Executive Board of Plansee Holding AG in December 2023.

Achieved

Production

Procurement

7. People

8. Governance

SDG

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceGreenhouse gas reduction targets
The Plansee Group committed to the long-term target net zero greenhouse gas (GHG)
emissions in a stepwise approach. In doing so, the business areas Plansee HPM and CERATIZIT
have set the following targets depending on their business models. The base year is 2020.
Area

Goal

Measure(s) in FY 2023/24

Status

SDG

Plansee HPM
Decarbonization Reduce scope 1 & 2 GHG emissions by 75% by 2030. The
remainder will be offset to achieve carbon neutrality.*

Reduce scope 1, 2 & 3 by 90% by 2050. The remainder will
be offset to achieve net zero.*In the FY 2023/24 Plansee HPM conducted sustainability
workshops at all production sites. The goal was to introduce thePlansee HPM sustainability strategy and develop together withthe sites key sustainability measures incl. an decarbonization
roadmap. The measures are currently at the conception or
project stage, while some are already being implemented. Read
more in the chapter “Greenhouse gas reduction plan”.

On track

On track

CERATIZIT
Decarbonization Reduce scope 1, 2 & 3 GHG emissions by 35% by 2025.
The remainder will be offset to achieve carbon neutrality.*

Reduce scope 1, 2 & 3 by 60% by 2030. The remainder will
be offset to achieve carbon neutrality.*

The main impact remains the measure of covering global
electricity demand with renewably sourced power. This wasstarted in 2022 and has been expanded and implemented
annually ever since. Other measures with a similarly highimpact are at the conception or project stage, while smaller
measures are already being implemented. Read more in thechapter “Greenhouse gas reduction plan”.

Reduce scope 1, 2 & 3 by 90% by 2040. The remainder will
be offset to achieve net zero.*On track

On track

On track

All targets are in relation to the base year 2020.

Plansee HPM and CERATIZIT are aiming to achieve the climate targets primarily with appropriate
measures to avoid or reduce greenhouse gas emissions. Any remaining greenhouse gas emissions
that cannot be avoided or reduced will be neutralized through carbon offsetting.
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Products

PLAN S E E
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Plansee HPM: Innovation
partner for its customers
For over a century, Plansee HPM has been continually refining its materials
and technologies, knowledge and expertise and products. R&D has been a
top priority, ever since production started in 1921.
Plansee HPM employs more than 100 research anddevelopment experts at all production sites, who workwith the company’s customers in various industries oncustomized solutions. This reflects the fact that most new
developments are achieved in close collaboration withcustomers and academic partners. Over the years, Plansee
HPM has established a global network of partners, research
institutes and universities.
Plansee HPM is committed to minimizing the environmental
impact of producing and processing its materials. The
company’s extensive know-how covers not only materialsciences but also wide-ranging advanced technologies,
such as numerical analysis or additive manufacturing.

Strong expertise, strong partnership
The company’s innovative strength is reflected in over
950 active patents held worldwide. Plansee HPM’ssustainable product and technology development strategy
triggers innovation: This explains its increasing numberof patents in sustainable inventions and why it is rollingout new products, processes and business models that
increase material and resource efficiency or reduce its CO₂

footprint. These patents include enhanced service offerings
such as the refurbishment of sputtering targets or rotating
X-ray anodes.
When it comes to finding the right materials and solutions,Plansee HPM supports its customers every step of the way– regardless of whether as part of a long-term development
partnership or for a short-term project. And in the process,it pushes the boundaries of what is technologically feasible.
Plansee HPM aims to leverage innovative strength to help its
customers develop more sustainable products and achieve
their sustainability goals.

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2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Examples of innovative solutionsFirst deliveries of the new generation of hot zones
As an innovation partner, Plansee HPM helps other companies open new doors. One
example: it supplies manufacturers of industrial furnaces and industrial customers worldwide
with metallic hot zones made from molybdenum, molybdenum alloys and tungsten.
The hot zones are used in high-temperature processes and ensure that the furnace
temperature is optimally distributed. The quality of the hot zones dictates the energy balanceof these processes. If they are not optimized for the respective area of application, an
unnecessary amount of heat and therefore energy is lost. This is why it is advisable for theindustry to invest in the best technology when it comes to hot zones.
In 2023, Plansee HPM rolled out its new generation of hot zones for high-temperatureprocesses, designed to maximize energy efficiency. Numerous technological optimizations
allowed it to reduce the energy consumption of the high-temperature process by an averageof up to 27% compared to the industry standard.
The lightweight support frame design also means the new models weigh up to 15% less,which saves resources and allows the use of recyclable materials to be maximized. The firstorders were received shortly after presenting the new generation of hot zones. In February
2024, two "New Generation Premium Plus Hot Zones" were delivered. The hot zones areused for component annealing in the aerospace industry.

Producing glass more sustainably
Glass is an essential high-tech material of our time. Glass manufacturing is realized
by a transformation into the liquid phase, the melt and therefore is an energy intensive
process.
In Europe in particular, the glass industry is under considerable pressure to become
more sustainable. Nowadays, most conventional glass furnaces are still heated withfossil fuel burners. The advent of European climate legislation, however, is fueling an
industry-wide trend towards more electric heating in the glass industry. This technology relies on so-called glass melting electrodes made of molybdenum or molybdenum
alloys, which are one of Plansee HPM’s core products. As a key glass industry supplier,Plansee HPM aims to contribute to technological change through innovative productdevelopment, thus paving the way for more sustainable glass production. That’s why it
invests in projects to develop the new materials and products that industry can use.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

CERATIZIT: A passion
for cemented carbide
CERATIZIT sets new technological standards and develops
innovative tools and coatings alongside unique carbide products.
CERATIZIT continuously invests in fundamental research,
process technology, product development and application
technology. As a technological frontrunner in the carbide
industry, it has over 1,000 patents worldwide and its more than
200 R&D employees cooperate with universities and leading
research institutes Europe-wide.

A long and sustainable tool life
Almost all CERATIZIT innovations aim to increase productivity
in machining processes for metals and non-metals alike, e.g. bymaking cutting tools and wear parts more durable, efficient andlonger-lasting. These improvements reduce the consumptionof tools (compared to other carbides, but also to other cutting
materials like high-speed steels), energy (in high-speed
operations) and other consumables like lubricants. Examples
include tools with a wear warning, precisely lubricated inserts,
solid carbide tools for machining carbon fiber-reinforced
plastics and precision tools for machining artificial hip joints.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Combining maximum performance and recycling
upGRADE is how CERATIZIT labels its high-performance products with one of thelowest Product Carbon Footprints (PCF) in its product category. The grades of the
upGRADE portfolio are manufactured with low-carbon performance powder in a
special process using up to 99% secondary raw material, giving customers a moresustainable product choice.
Initially, upGRADE was developed from the idea of producing a recycled grade withperformance and quality equivalent to conventional grades, but with at least 99%
specially sorted carbide scrap. CERATIZIT uses at least 99% secondary raw material
for its upGRADE portfolio. Only high-quality, sorted carbide scrap can be used inthis recycling process to guarantee optimal output. Without the extraction of ore, thisprocess also has a lower CO 2 footprint and therefore contributes to lower the PCF of
the upGRADE products.
As part of a research project, the Materials Center Leoben Forschung GmbH (MCL)
investigated both the mechanical properties and the stress and damage behavior of
two carbide grades. The findings revealed that the CT-GS20Y grade (upGRADE) had
equivalent properties to the CTS20D premium carbide grade under equivalent load
and at elevated temperatures.
The upGRADE portfolio has already been honored with prizes for its outstanding
performance and more sustainable product choice, including the Best ofIndustry Award 2022 in the category “Best Sustainability Project” and the Prix del'Environnement 2023 of the Luxembourg Industry Association Fedil.
Work to further refine the upGRADE portfolio continues. The new technologies pave
the way for further applications and one new product will be launched in September
2024 at the AMB tradeshow.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Product Carbon
Footprint
The Product Carbon Footprint (PCF) indicates theamount of greenhouse gases emitted to produce
one kilogram of a particular product.

The calculation includes the carbon footprint of all processes
from the raw material extraction, the production of the semifinished products/blanks and finished products and thetransport of the raw materials and intermediate products up
to the point where the product leaves the company. In otherwords, the cradle-to-gate approach.
This approach is in line with the international standards ISO
14040:2006, ISO 14044:2006 and ISO 14067:2018 and has been
critically reviewed by a third party.
CERATIZIT was the first carbide industry company to present
a model for calculating and classifying the PCF of its products.
CERATIZIT encourages customers, partners and othercompanies to adopt the newly developed standard and boost
industry transparency in the process.

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1. About

2. Materials

CERATIZIT additionally launched a classification based on its PCF, allowing
customers to grasp and evaluate a product footprint at a glance, like conventional
rating systems. Since mid-September 2023, the PCF classification has been visible
to all customers purchasing products with a PCF classification.

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceAs part of the adoption of its sustainability strategy, Plansee HPM hasdeveloped a product carbon footprint calculator externally verified in
December 2023. The product carbon footprint data is available for Plansee
HPM’s customers and helps them calculate their scope 3 emissions.

Visit our website for more information, videos and whitepapers

Calculation approachis in line with

ISO 14040/44:2006

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Greenhousegas reductionplanPlansee HPM and CERATIZIT have created aroadmap toward the goal of net zero greenhousegas emissions. This involved measuring current
GHG emissions, defining near- and long-termtargets and identifying reduction measures.
Current situation
Activity data from all production sites was collected for the last four fiscal years, covering in-house
operations as well as upstream supply chain activities (cradle-to-gate). Based on this data the Corporate
Carbon Footprint was calculated in line with GHG protocol standards.

PLAN S E E
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1. About

2. Materials

KPI (Definition)

3. Sustainability Program

4. Products

5. Production

2020/212021/222022/232023/24

Plansee Group

387

442

333

305

Plansee HPM

195

207

179

168

CERATIZIT

201

243

167

157

Plansee Group

67

72

72

61

Plansee HPM

19

19

19

18

CERATIZIT

48

52

54

43

Plansee Group

95

104

38

32

Plansee HPM

35

39

31

24

CERATIZIT

61

66

9

9

Plansee Group

225

266

222

213

Plansee HPM

141

149

130

127

CERATIZIT

91

124

105

104

6. Procurement

7. People

8. GovernanceFiscal year 2023/24

Greenhouse gas emissions

Corporate Carbon Footprint**(absolute emitted greenhouse gas emissions in 1,000 metric tons CO₂e)

Direct greenhouse gas emissions Scope 1**(in 1,000 metric tons CO₂e from owned or controlled sources)

Direct greenhouse gas emissions Scope 2**(in 1,000 metric tons CO₂e from the generation of purchased energy)

Indirect greenhouse gas emissions Scope 3**(in 1,000 metric tons CO₂e (not included in Scope 2) that occur in the
upstream value chain)

Plansee Group
Scope 1
Scope 2
Scope 3

Plansee HPM
Scope 1
Scope 2
Scope 3

CERATIZIT
Scope 1
Scope 2
Scope 3** This figure excludes Plansee Group Functions with its administrative services.
The figures for the base year have changed as the base year was recalculated.
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1. About

In the base year 2020/21, 18% of the greenhouse gas (GHG)
emissions were direct emissions from own activities, 24% wereindirect emissions from purchased energy (mainly electricity)and 58% other indirect emissions from the upstream supply
chain, e.g. purchased raw materials and production auxiliarymaterials (industrial gases, chemicals, etc.).
The main factors impacting the Corporate Carbon Footprint are
the use of natural gas in high temperature processes andhydrogen production, the consumption of electricity, theapplication of chemicals in the tungsten powder productionand employee commuting.

Measures to reduce
GHG emissions
In a series of workshops at all production sites, measures
to reduce greenhouse gas emissions were identified andsummarized in a decarbonization roadmap. The main
activities include:•

Replacing natural gas as heating fuel by renewableelectricity•

Replacing steam reforming for hydrogen production
with electrolysis with renewable electricity•

Purchasing electricity from renewable sources•

Recycling of chemicals in the tungsten powder
production•

Carbon reduced employee commuting

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

KPI (Definition)

7. People

8. Governance

2021/222022/232023/24

EnergyTotal consumption of natural gas andelectricity in GWh

Plansee Group

758

748

664

Specific energy consumption(in MWh/t, energy consumption per ton metal input)

Plansee Group

44

40

51

Total renewable energy consumption(used amount of energy from a non-depletable source, such as wind/
water/solar power or biomass in GWh)

Plansee Group

245

359

342

Percentage of energy from renewable sources(energy from a non-depletable source, such as wind/water/solar poweror biomass)

Plansee Group

32%

48%

51%

Percentage of electricity from renewable sources(electricity from a non-depletable source, such as
wind/water/solar power or biomass)

Plansee Group

/

/

92%

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2. Materials

GTP in Towanda explores CO₂ reduction potential

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

Due to the energy- and chemical-intensive production of tungsten powders the carbon
footprint of Global Tungsten & Powders in Towanda (GTP), Pennsylvania, is significant
for the Plansee Group. Accordingly, in 2023, the company started a sustainability
program to decarbonize GTP processes and consequently the footprint of the products.

Given the links between these activities and technological and chemical expertise, the
GTP management steered these two streams into an infrastructure program supported
by external consultancy and a manufacturing program supported by internal R&D. To
further moderate the carbon footprint contributions arising when extracting tungsten
ore, the entire Plansee Group targets a Tungsten Recycling Rate exceeding 90% eachyear (see definition on page 54).

As a part of CERATIZIT since 2021, Global Tungsten & Powders in Towanda is a leading
Western supplier of high-quality tungsten and tungsten carbide powders as well as
specialty components and products. The company’s offerings are a valuable resource
for metal tools and components where hardness and durability are key factors.

As such, as well as significantly decarbonizing GTP’s operations, this step also has thepotential to reduce the CO 2 footprint of all tools and components created further down
the line in the value chain using resources provided by GTP. First implementations andfurther actions are planned for FY 2024/25.

Producing high-quality refractory metal powders involves a purification procedure
based on multiple chemical transformations. The process also requires an appropriate
amount of chemicals and process heat, the latter supplied by the combustion of naturalgas. This explains why GTP generates significant CO 2 within the Plansee Group,comprising 23% of its overall greenhouse gas emissions.
In 2023, GPT started an initiative to reduce its carbon footprint. A joint brainstorming
event including all GTP departments, explored various technological and market-based
options to tackle the net-zero 2040 target. With technology readiness and feasibility inmind, this approach revealed the company’s decarbonization potential and underlined
the crucial roles of natural gas alternatives and chemical recycling.

8. GovernanceKey facts•

GTP in Towanda comprises for 23% of Plansee Group’s carbon footprint•

GTP is the main contributer to the tungsten recycling goals•

Natural gas alternatives and recycling of chemicals promise todecarbonize the tungsten refinement49

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Déjà vu: Construction of new hydrogen electrolyzer
begins at old site
A new hydrogen electrolyzer is being built in Reutte, right where hydrogen was alreadyproduced by an electrolyzer in the past.
Until now, hydrogen for Plansee HPM and CERATIZIT at the site in Reutte has been
produced from natural gas, which accounts for 50 percent of CO 2 emissions at thesite. The new hydrogen electrolyzer, to be built, owned and operated by Linde, on thepremises, will cover half of the production facilities' hydrogen requirements from 2025.
It is expected to come on stream by the end of 2024.
The electricity required for this electrolyzer comes entirely from renewable sources. By
2025, CERATIZIT and Plansee HPM will be able to halve local emissions from hydrogenproduction at the Reutte site; by 2030, all hydrogen production there is to be CO 2 -free.
Plansee HPM requires hydrogen for almost all production steps in Reutte. Almost half
the hydrogen required is needed for the chemical conversion of molybdenum trioxide
into pure molybdenum powder (reduction). Hydrogen is also used to protect metals
from oxidation during the sintering process. CERATIZIT also uses 7% of the hydrogenrequired annually at the site for sintering processes.
For 20 years, hydrogen has been produced from natural gas in a process known as
steam reforming, in which hydrocarbons are split into hydrogen, carbon monoxide
and carbon dioxide. The reaction of methane with steam produces pure hydrogenand carbon monoxide. To avoid CO 2 emissions from natural gas, the site will rely onelectrolysis in future.
Alongside the electrolyzer, one of two steam reformers in Reutte will continue
producing hydrogen for the time being, while the other will be decommissioned oncethe start-up phase of the new electrolyzer plant is complete.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

CERATIZIT builds Luxembourg’s largest
solar-covered car park

Acoustic imager
for gas leakage detection

Renewable energy sources play a vital role in reducing greenhouse gas emissions.
One example - part of the Plansee Group's global strategy to equip all new buildings
and as many existing buildings as possible with photovoltaic systems - is the solarcovered car park at CERATIZIT’s headquarters. Here, CERATIZIT has installed 3,250
panels with 375 Wp (Watt peak) each on the car park roof. This means an overall
installed capacity of 1,320 kWp over 6,200 m² of parking space and makes it the largest
installation of its kind in Luxembourg, where solar-covered parking lots are common.
At the headquarters’ car park, 64 EV charging stations were also installed, fed by
locally produced renewable energy to supply the ever-growing number of EVs in thecompany’s vehicle fleet.

Leakages in compressed air and gas lines waste valuable resources and energy in production
environments and must be properly monitored and maintained. To detect them quickly
and reliably, CERATIZIT has now invested into a Fluke 11900 Acoustic Imager. The acoustic
camera uses ultrasound to create a real-time image of the leak based on the sound waves
given off. This way, even the smallest leaks can be detected and fixed before the problem
festers. The acoustic imager was bought at the Marner site in Luxembourg but will be sharedwith other sites according to their need. Similar compressed air leakage detection equipment
is also used at other sites such as Plansee HPM in Reutte or Lechbruck. The investment has
already paid off: With the repairs enabled by the detection capabilities of the acoustic imager,
CERATIZIT could turn off one of its compressors and still has sufficient compressed air for
production. Similarly high savings are also possible elsewhere.

8. GovernanceBus shuttle lines reduce car trafficin Mamer and Reutte
Public transport is a straightforward way to reduce individual traffic, which is a siginficant
contributor to CO 2 emissions. For several years, the Plansee HPM and CERATIZIT
headquarters in Reutte, Austria, and Mamer, Luxembourg, have therefore been operating bus
shuttle lines. In Mamer, there are seven bus lines to Belgium and France, used by about 280
employees every month. A shuttle service to Mamer station is also available. In Reutte, six bus
lines in the nearby valleys transport roughly 250 employees per month. Further savings arealso possible at other sites.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceHeating with waste heat
Plansee HPM invested in a heat pump at the Reutte site (in operation since 2024), whichdraws waste heat from production and feeds it into the company’s district heating network.
The heat can then be distributed via hot water to production halls, buildings and offices at
the Reutte site. The hot water is generated by a trio of boilers, which are now supported
by a heat pump system. In essence, the heat pump generates 4.6 GWh of thermal energy
and thus accounts for 18% of the site's total thermal energy demand. The heat pump
was funded by the environmental funding program of the Bundesministerium fürKlimaschutz, Umwelt, Energie, Mobilität, Innovation und Technologie (BMK), Austria.

CERATIZIT site has already achieved
its 2030 climate target
CERATIZIT Besigheim, Germany, has already achieved the sustainability goals
originally set for 2030, after reducing its CO 2 emissions by 60%, mainly due to theswitch to electricity from renewable sources. Other measures involved automaticallyswitching off the ventilation over the weekend, which saved more than 45.6 GWh per
year. The sustainability team facilitates piping insulation, checks thermostatic heads
and valves and limits temperatures as far as possible. The use of motion or presence
detectors and a machine shutdown plan are currently being implemented.

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Circular economy
For over a century and right from day one, the Plansee Group hasconstantly striven to optimize the use and consumption of thevaluable metals molybdenum and tungsten.
Although molybdenum and tungsten are classed as refractory metals and listed below each other inthe periodic table, their ore mining, usage, recycling processes and market logics all differ.

KPI (Definition)

2021/222022/232023/24

Tungsten Recycling Rate**(see definition in text)

Plansee Group

/

75%

90%

Molybdenum Circularity Rate**(see definition in text)

Plansee HPM

/

29%

32%

** This figure excludes Plansee Group Functions with its administrative services.

2. Materials

Plansee HPM produces pure tungsten metal or tungsten metal matrix composite products,
while CERATIZIT is a tungsten carbide and hard metal blank and tool producer. One of thecore elements of these operations is tungsten scrap recycling. In essence, there are twodifferent tungsten recycling routes, depending on the scrap composition and purity:
Zinc recycling: sorted hard metal scrap is thermally treated with metallic zinc to obtain atungsten carbide/binder powdery mixture, which is directly utilized in the production ofready-to-press hard metal powder. Tikomet Oy, in Finland and CERATIZIT Austria operatesuch recycling facilities.
Chemical recycling: tungsten containing hard and soft scrap is chemically converted into
high-purity tungsten and tungsten compound powders. The chemical purification process
for tungsten scrap is the same as for tungsten ore concentrate, whereby the two resources
can replace each other as feed materials. GTP in Towanda operates the group’s chemical
recycling facility.
Reuse: Pure tungsten metal scrap is utilized by the steel industry as an alloying element.
The Plansee Group’s Tungsten Recycling Rate is 90%. The Tungsten Recycling Rate is
calculated as the weight of all secondary tungsten units entering the production process perp

4. Products

ct
du
ro

s

5. Production

Products in use(in customer application)

6. Procurement

7. People

Collected end-of-life
-pr
o
cts
du

Tungsten

3. Sustainability Program

8. Governance

s
ing
ur
t
c

Ne
w

1. AboutManufasustainability
report 2023

crap

uct
od
pr

s

(in

turing s
cra
ufac
an
p
M

Production(powders, metals & carbides)te

one strong group

New

PLAN S E E

Ore concen t r a

RECYCLING

Tungsten
Recycling Rate

Ore concent
Molybdenum O

90%

year divided by the weight of all tungsten units entering the production process over the sametime period. This implies that the Tungsten Recycling Rate is independent from the output.
Business models for the procurement and handling of tungsten-containing scrap are establishedwithin the Plansee Group. CERATIZIT systematically collects end-of-service/life tools via its
subsidiary Stadler Metalle GmbH in Germany, Europe‘s largest collector of tungsten-based
secondary raw materials. Efforts to expand the collection of end-of-life products will continue.
Theoretically, the process for obtaining tungsten powder can be carried out using 100% of
secondary raw materials. Moreover, from a technological perspective, tungsten can be reused
almost indefinitely for tungsten products if kept in the loop. Consequently, all production-based
tungsten losses toward the final product are recycled.
CERATIZIT has also established capabilities and a network for reworking cutting tools. By decoating, regrinding and re-coating drills, mills etc. can be obtained showing performances identicalto the original products. The material consumption is reduced to coating materials with thicknesses
in the order of microns, completely eliminating the need for new hard metal base material.
Learn more about tungsten recycling on CERATIZIT’s website.
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1. About

2. Materials

3. Sustainability Program

4. Products

Molybdenum
-pr
o

Ne
w

Reusing, reworking and refurbishing: Plansee HPM has launched several projects andinitiatives to recover as many molybdenum products as possible
customers after use andturing fromsc
ufac
an economyraapproach.
ensure that they are further utilized in line with the circularp
MThis applies, for example, to coating materials (sputter targets), where only a minor part of thematerial is consumed by the customer during the coating process. The company also accepts
the return of components for glass production or medical technology. Such components are
Production
RECYCLING
reprocessed and reused.
(powders, metals & carbides)

ePlansee HPM’s Molybdenum Circularity Rate is calculated annually as the weight ofTungstenmolybdenum in all molybdenum-based products, which are collected
after the end of their life,Ratet
Ore concent raregardless of origin and including
products
from third parties, thenRecycling
divided by
the total weightof all molybdenum-based primary products shipped during the fiscal year. The definition for
the Molybdenum Circularity Rate was developed in the beginning of 2024. An initial estimation
reveals a Molybdenum Circularity Rate for Plansee HPM of 32%.

90%

7. People

8. GovernanceUtilization
rate

s
ing
ur
ct

Steel industry
as alloy additions

crap

uct
od
r
p

s

Metal for use(in customer application)>99%
Collected end-of-life
-pr
o
cts
du

cts
du

od
pr

6. Procurement

MOLYBDENUM

New

Plansee HPM produces semifinished and finished molybdenum metal products, from astarting point of pure molybdenum trioxide. Molybdenum scrap is carefully separated during
production, purified as required, then sold to the steel industry for reuse as a high-value
Products in use
Collected end-of-lifesalloying element.
(in customer application)
uct

Ma
nu
fa

TUNGSTEN

5. Production

Production(powders & metals)

Ore concentrate,
Molybdenum Oxides

Re-useMolybdenum
Circularity Rate

32%

Recycling of pure molybdenum metal scrap has an insignificant practical relevance, due
to the reuse as steel alloying element. As a general rule, Plansee HPM accepts all scrap
containing molybdenum, which it then reprocesses, sorts and forwards on to steel industries.
Nevertheless, most of the molybdenum remains in the steel industry cycle, as the recycling ofmolybdenum-alloyed steel remains a key component of their circular economy model.
Consequently, Plansee HPM has calculated the overall utilization rate of molybdenum asfollows: It is determined by the sum of all primary and secondary products divided by the totalmaterial input. The utilization rate exceeds 99%.
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PLAN S E E
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1. About

2. Materials

Optimized recycling for production scrap
At its Empfingen site, CERATIZIT has developed a way of allowing pure-stream
recycling of hard metal scrap generated in its fully automated turning and milling cells,
eliciting a pure-stream scrap recycling rate exceeding 80%.
Sorting largely dictates the value of recycled hard metal scrap. Pure stream recycling,where scrap is sorted into homogeneous groups, offers significant advantages.
Namely, it boosts the material value of the recycled resource and allows 12 kg of CO 2
emission savings for each kilogram of pure stream scrap recycled.
CERATIZIT Empfingen, Germany, initiated a Research and Development project

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governanceaimed at retrofitting its production cells to enable pure-stream recycling. Key
improvements implemented included advanced filter devices and switchable shut­offvalves, increased extraction capacity and optimized piping, machine room and tray
optimizations, an automated control system for the shut-off valves, integrated with the
Manufacturing Execution System (MES), optimized job sequencing and an automatedcleaning system.
Since January 2024, the optimizations, alongside further continuous improvement
process (CIP) measures, have boosted the percentage of pure stream scrap collectedbeyond 80%. Given an average annual scrap volume of 180 tons, these improvements
translate to a CO 2 emission reduction of 367 tons per year.

Key facts• 180 tons of hard metal scrap are generated every year at the Empfingen site.
• Optimizing the turning and milling cells boosted the pure-stream scrap
collection rate beyond 80%.
• The pure-stream scrap collection reduces the CO 2 emissions of the site by
367 tons annually.

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PLAN S E E
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

QHSE: Cornerstones forsustainable success
The Plansee Group works with an Integrated Management System (IMS) tocomply with all key standards in the areas of quality, environment, energy andoccupational health and safety.
The system supports surveillance and re-certification audits, thecertification of new sites according to defined standards as wellas customer audits.

cooperation with customers and ensures that the businessareas meet their requirements, and help maximize customer
satisfaction.

The policies also include the company's commitment toquality excellence, to protect the environment and prevent
environmental pollution.

The integrated management system meets the following
requirements:

Ultimately, these principles support the customer journey andensure high quality across the Group by rolling out a conceptualbasis tailored to the individual requirements of each site.

Employees are regularly trained on topics such as occupationalsafety and health protection at the workplace, etc. Training is
assigned on a decentralized basis at the production sites. They
are also trained in environmental issues such as waste reduction,energy management, hazardous material handling and spill
response if applicable.

•
•

•
•

Internal requirements arising from the company's strategicand operational objectives
Wide-ranging customer requirements, from product quality,
on-time delivery, development partnerships, sustainability
issues, life-cycle-management and logistics to business
continuity management
Legal requirements on a local, regional or global level as well
as export control laws
System requirements and certifications in accordance withstandards such as ISO 9001, AS 9100, ISO 14001, ISO 45001,
ISO 50001, ISO 27001, ASME as well as others in line withspecific market and industry requirements and standards.

Quality management is an important cornerstone for

The quality teams are involved in product development froman early stage and support the entire new product introduction(NPI) process. Quality experts create the necessary framework
conditions, document the results and refine the quality
management system on an ongoing basis according to thePlan, Do, Check, Act (PDCA) principle and involving the entire
organization.

Policies & trainings

All sites have an emergency organization in line with local legal
requirements, while safety fire and emergency drills are also
conducted regularly. No relevant fires or emergencies in the past
FY 2023/24 have been reported. Contractors working on site
are briefed on safety instructions or information and the work
conducted is observed.

Policies for quality, health, safety and environment (QHSE) are
implemented and a clear roadmap to guarantee the health andsafety of employees, visitors and subcontractors is guaranteed.

At most sites, health and safety risk assessments and joint
management-worker health and safety committees have been
introduced.
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1. About

2. Materials

3. Sustainability Program

Expandingcooperation
The Plansee Group has striven for over a
decade to develop and establish a corporate
quality framework.

4. Products

5. Production

6. Procurement

7. People

8. Governance

From 2021 onwards, this approach was extended by a global HSE structure,
manifesting itself in joint globally active QHSE organization in 2023, focusing
on enhancing QHSE performance and compliance, leveraging an integrated
management system and accelerating sustainability efforts across all legal entities.
At production sites where both Plansee HPM and CERATIZIT are active, they share
QHSE services to realize synergies and ensure best practices.
To review and respond to QHSE incidents as quickly as possible, the businessareas have jointly established procedures and a global incident reporting system inplace, which was upgraded by HSE incidents in the first quarter of 2024. It enables
all incidents to be tracked group-wide, as well as their severity, root cause and risk
mitigation efforts, as well as allowing lessons learned to be shared between sites. The
incidents are then tracked and reported to the Executive Board based on severity.
The production sites in Towanda, USA, and Reutte, Austria, are home to EN ISO/IEC
17025-accredited laboratories, which conduct various services supporting quality
assurance in the production, raw material approval, industrial hygiene campaigns,
environmental emission analysis and R&D and innovation projects throughout
the Plansee Group. The certificates validate that the laboratories meet global
requirements related to quality, competence and equipment. To design internal
processes and standards efficiently and transparently, they are also part of theintegrated QHSE management system.

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KPI (Definition)

Total Recordable Incident Rate (TRIR)***(definition according to ESRS S1-14 No. 88 (c), number of death + numberof events with loss of consciousness + number of events with days awayfrom work + number of events with restricted work or transfer to anotherjob + number of events with medical treatment beyond first aid + numberof events with significant injury or ill health diagnosed by a physician orother licensed healthcare professional * 1,000,000 / hours worked)

2021/222022/232023/24

Plansee Group

/

/

7.31

Plansee HPM

/

/

10.27

CERATIZIT

/

/

5.73

*** This figure includes the production sites of Plansee HPM and CERATIZIT and the administrative functions of Plansee Group Functions. Sales Offices
from Plansee HPM and CERATIZIT are excluded.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Emissions andnatural resources
Emissions associated with the production of tungsten und molybdenum products are constantly
monitored to keep them within the applicable legal requirements. The Plansee Group is committed
to innovating its processes to reduce such emissions.
The production sites are located in established industrial andcommercial zones and no instances of material non-compliance
have been reported for FY 2023/24.

Emissions into the air and water
State-of-the-art technology such as dust collectors, exhaust gas
purification systems, centralized and decentralized wastewater
treatment plants and noise absorbers are installed and programs
to monitor their compliance are implemented.
Centralized wastewater treatment systems allow wastewater
streams to be collected from various individual processes andscaled treatment and purification. Superior capacities also allow
liquids from spills or other water-related incidents to be collected
and treated. Such facilities are operated at the Towanda, USA,

Mysuru, India, and Mamer, Luxembourg facilities. The waste sludge
obtained after the treatment is disposed of by licensed companies.

Water and marine resources

In general, decentralized wastewater treatment solutions are
dedicated to a particular production step, offering the advantage
to specifically treat and recover water contaminants. At thePlansee HPM and CERATIZIT production site in Reutte, Austria thisapplies for water utilized in chemical surface treatment and whenmanufacturing hard metal powder.

Plansee HPM and CERATIZIT do not negatively impact theaccess to clean drinking water of communities in the surroundingarea of its sites. Plansee HPM has conducted a water-stressassessment to map its global site locations with the Aqueduct
Water Risk Atlas of the World Resources Institute to assess water
scarcity and water-related risks. Follow-up actions are currently
being developed and implemented.

Each wastewater stream contains inorganic salts and dispersed
refractory metal particles. Specifically treating each stream allows
the molybdenum and tungsten contaminants to be recovered
and helps keep all emissions within the legally required water
quality limits. Before discharging, all water quality parameters aremeasured to ensure that all limit values are met.

All production sites have storm water pollution prevention
measures implemented wherever necessary and stormwater
discharges are kept pure. Appropriate spill response
equipment and installations are provided such as spill kits andthe relevant employees are trained in spill response measures.
No wastewater is discharged into bodies of water.
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1. About

2. Materials

KPI (Definition)

3. Sustainability Program

4. Products

2021/222022/232023/24

Total water consumption**(in 1000 m³)

Plansee Group

/

/

6,518

Total wastewater discharged**(in 1000 m³, includes all water types discharged including industrial
wastewater, sanitary waste water and cooling water)

Plansee Group

/

/

6,059

5. Production

6. Procurement

7. People

8. Governance** This figure excludes Plansee Group Functions with its administrative services. It here includes the production sites of Plansee HPM and CERATIZIT.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Water-saving projects in India
India is a water-stressed region. Fresh water
is becoming increasingly scarce there, for all
aspects of life, including industry.

At Plansee India in Mysuru, all water from domestic sewage and industrial effluent has
been treated on site for years and used for gardening, which involves daily consumption ofaround 40,000 liters. Domestic wastewater is treated in a Sewage Treatment Plant (STP)
and industrial wastewater in an Effluent Treatment Plant (ETP). Plansee India is planning
to install an additional filtration system so that this water can also be used for flushing
toilets, which will save up to 10,000 liters of water per day. Rainwater is also collected andused for gardening. There are plans to use this water to produce demineralized water for
production, which would save an estimated one million liters of water per year.

CERATIZIT India is committed to reusing treated domestic and process water. At the
Attibele and Bommasandra sites, domestic wastewater undergoes treatment in a Sewage
Treatment Plant (STP) and is reused for various purposes such as flushing toilets andgardening. In Uluberia, process water is treated in an Effluent Treatment Plant (ETP) andused for general gardening purposes. Additionally, rainwater recharging wells as well as
roof rainwater collection and reuse are implemented in Bommasandra and Attibele. With
these initiatives, water treatment and recycling annual water savings exceed two million
liters in Attibele, 410,800 liters in Bommasandra and four million liters in Uluberia.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Waste
The Plansee Group has programs in placeat the site level to reduce its waste output.
Waste reduction and recycling options
are checked, with ongoing monitoring of
implementation. Different waste types are
separated as required.
•

The Plansee HPM site in Shanghai, China, has implemented a waste reduction
program and could reduce its hazardous waste by more than 25% over the
past two years – e.g. by optimizing its cleaning and distillation processes andreducing scrap.

•

The Plansee HPM site in Reutte, Austria, has an waste managment program.
For example, the water jet sludge at the site was reduced while introducing abetter drying process.

•

The CERATIZIT site at Empfingen, Germany, has implemented a waste
program to sort phase-pure soft scrap, which can be returned to hard metal
powder production without any treatment or chemical conversion. A final
reduction of 60% in soft scrap was obtained.

More details on recycling and reuse efforts can be found in the respective chapter“Circular Economy”.

Waste is disposed of in compliance with applicable laws, regulations and permit requirements. Plansee HPM
and CERATIZIT only utilize qualified and certified waste disposal companies.

KPI (Definition)

2021/222022/232023/24

Non-hazardous waste**(in metric tons, according to local legislationin the respective country)

Plansee Group

/

/

6,261

Hazardous waste**(in metric tons, according to local legislationin the respective country)

Plansee Group

/

/

7,876

** This figure excludes Plansee Group Functions with its administrative services.
It here includes the production sites of Plansee HPM and CERATIZIT.

Maintaining biodiversity
The Plansee Group aims to bequeath a positive environmental legacy for future generations as it
operates and grows its business. Plansee HPM and CERATIZIT do not operate within the boundary of
official nature reserves, nor do their operations impact on such areas in any way.

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Procurement

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Responsible
sourcing
The Plansee Group is committed to sustainable and responsible
procurement practices. Materials and other goods andservices are purchased from socially, ethically and ecologicallysustainable sources.
Purchasing is centrally coordinated within the Plansee Group
for CERATIZIT, Plansee HPM and Plansee Group Functions.
The standards and guidelines for responsible procurement
are outlined in its Supplier Code of Conduct as well as its Raw
Material Supply Chain Policies. The purchase conditions also
clearly and explicitly reference the Plansee Group’s Code of
Conduct.

9001/14001/45001/50001 and covers environmental andsafety topics. The scope also extends to ESG topics likehuman rights, anti-corruption, etc. A more comprehensive
approach to ESG is under consideration. Employees involvedin purchasing raw materials and other goods are regularly
educated and trained.

The Plansee Group audits its suppliers to ensure thetraceability of raw materials and other goods and undergoes
regular audits itself by recognized certification bodies. The
Supplier Audit questionnaire is based on the ISO standards

Read more in the respective documents:
Plansee HPM – Sustainable procurement of raw materials
CERATIZIT – Responsible Purchase of Raw Materials
Global Tungsten & Powders

PLAN S E E
one strong groupsustainability
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceRaw materials andconflict minerals
The responsible procurement of raw materials is one of the key tasks of thepurchasing department. A key focus is on the so-called conflict minerals tin,tantalum, tungsten and gold (3TG) as well as cobalt.
Tungsten and tantalum
Some tungsten and tantalum mines are located in conflictaffected and high-risk areas (CAHRAs). Accordingly, thePlansee Group must ensure the raw materials it procuresare not financing armed conflicts. Raw materials suppliersmust not only meet strict quality guidelines, but must also
respect human rights, labor laws and international trade law
without exception and prove that their raw materials comefrom conflict-free sources and meet strict environmental
requirements. The Plansee Group only selects suppliers thatcomply with rigorous procurement guidelines, pursuant to theCode of Conduct and Supplier Code of Conduct
The Plansee Group implements the OECD guidelines "DueDiligence Guidance for Responsible Supply Chains ofMinerals from Conflict-Affected and High-Risk Areas" of theOrganization for Economic Cooperation and Development(OECD), the EU Regulation (Regulation (EU) 2017/821)
establishing supply chain due diligence obligations as well as
the Dodd Frank Act requiring companies to disclose their useof conflict minerals.

Aware of its responsibilities, the Plansee Group exercisesdue diligence in sourcing raw materials. Compliance withthis commitment is confirmed by the Responsible Minerals
Initiative through regular audits as part of the RMI Downstream
Assessment Program. In 2013, GTP, the Plansee Group’s
sole tungsten smelter, was the first tungsten processor
worldwide to be certified as a “Conflict Free Smelter”. The
audit committee of the Responsible Business Alliance (RBA)
has confirmed that GTP in Towanda sources tungsten incompliance with the RMAP. CERATIZIT has joined the RMI for
responsible procurement.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

CobaltAfter the refractory metal tungsten, cobalt is the second most important metal for
CERATIZIT in terms of use as a carbide binder. The reserves compared to othermetals are high. Moreover, as a by-product of nickel and copper mining, cobalt
involves a comparatively low environmental impact and energy consumption. Since
acquiring GTP in 2008, CERATIZIT has operated independently of the world’s primarycobalt producers and can meet cobalt requirements internally by recycling carbide.
In FY 2023/24, 100% of CERATIZIT's cobalt requirements were met from recycledmaterial. The cobalt sludge obtained as a side product while chemically purifying
tungsten is recycled and refined by industry partners, then provided to CERATIZIT in
the form of cobalt metal powder.

Changes within procurement over the past fiscal year:•

The Supplier Code of Conduct of Plansee Group that covers CERATIZIT, Plansee
HPM and Plansee Group Functions was fundamentally revised, structured andfurther developed in 2023. The approach is now far more comprehensive andcovers all key areas of sustainable procurement.

•

The Assent tool was introduced into the supplier management process of
CERATIZIT, Plansee HPM and Plansee Group Functions to manage and track
suppliers according to ESG criteria. The process of sending out questionnaires
on ESG criteria to suppliers has been initiated. As part of a progressive approach,procurement is starting with the most relevant suppliers identified through a risk
assessment. Suppliers are checked systematically, but with a sense of proportion.

•

On this basis, further sustainability activities are promoted in procurement,
including reducing emissions with major suppliers.

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2. Materials

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5. Production

6. Procurement

7. People

8. GovernanceOngoing measures:•Suppliers selected by a risk analysis receive questionnaires from
Assent to evaluate their risks in terms of ESG aspects.

•

To achieve its goals, the Plansee Group has set up an escalation
campaign to boost the response rate on Assent, schedule calls andmeetings with its suppliers and send out further campaigns (requests
for information) on Assent regularly.

•

Once the data has been collected through the Assent process, thePlansee Group will define a follow-up process with its suppliers tocollaborate on various ESG aspects. Annual feedback rounds with
suppliers on overall supplier performance are also conducted.

•

In the mid-term, the Plansee Group will assess the cradle-to-gate
product carbon footprints from suppliers.

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2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

CERATIZIT introduces packaging
made from recycled plastic
To reduce CO2 emissions and increase circularity, CERATIZIT has launched a new
packaging portfolio made entirely from recycled plastic. Rose plastic, an innovative
packaging solutions provider, is a partner of the project.
Packaging is key to ensuring the customer receives tools in immaculate condition after
shipping. It’s also the go-to solution for packaging products for good reason, given its
lightweight, flexible and robust nature. Unfortunately, as a fossil-based product, producing
plastic involves extracting and processing crude oil, which is a finite resource. Thanks to a
Bachelor thesis project and its partnership with rose plastic, CERATIZIT now mitigates thisdisadvantage by using more and more packaging made from 100% recycled material.
European sites have already switched to the new packaging and some international sites
have followed suit. The company aims to make those packaging materials the global
standard as soon as possible. The results are promising: Annual savings of over 200 tonsof CO2 are projected for Europe alone, reducing CO2 emissions from packaging by 60%.
Read more on CERATIZIT’s blog

Aiming for more sustainable packaging at Plansee HPM
Plansee HPM is pursuing projects to switch to more sustainable packaging materials.
For example, at the Plansee HPM site in Seon, Switzerland. The aim is to reduce theuse of plastics and cut greenhouse gas emissions. One option is corrosion protection
paper, which is fully recyclable and reusable and is impregnated on both sides withinvisible, odorless and non-toxic Vapor Corrosion Inhibitor Technology (VCI). VCImolecules diffuse out of the paper and settle on exposed metal surfaces inside thepackaging. This provides effective protection against corrosion during transportationand storage. As soon as the packaging is removed, the VCI dissipates from the metal
surface and allowing it to be painted, welded or further processed immediately. Thissolution is intended to replace the VCI packaging currently in use.

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PeoplePLAN S E E
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Equal opportunities for all
Being an attractive and reliable employer isn’t just a main goal for thePlansee Group – it’s also a responsibility. Dedicated and motivatedemployees are key to the company's success.
Walter M. Schwarzkopf, the son of the company’s founder and asecond-generation owner, fostered an open corporate culture.
He was convinced that respect, equitable treatment and the rightof every individual to constructive input at the workplace would
be key factors to success. This spirit is still embodied in thePlansee Group’s HR organization. Its strategy includes:•

To support and challenge as a trusted partner•

To attract, retain and develop talents and (future) leaders•

To drive collaboration and leadership in the matrixorganization•

To position the Plansee Group as an “employer of choice”(for current employees and potential candidates alike)… for 11,208 employees worldwide in FY 2023/24.

For the Plansee Group, being an “Employer of Choice” means
attracting innovative and bright minds and providing employeeswith the resources they need to grow, which will help ensure thelong-term company success and growth. To achieve this goal,
the Plansee Group focuses on a respectful, fair, appreciativeand supportive leadership, meaningful work and personal
growth opportunities, a professional atmosphere and thriving
teamwork, appropriate compensation, flexible answers for
personal preferences where possible and a work-life balance forall employees. Depending on location, the Plansee Group offers
wide-ranging benefits, flexible working models, family support
initiatives and corporate events.

defining the optimal culture for different sites and functions andaccompanying and empowering teams by overcoming gaps
between the optimal and perceived culture.

Common values and a culture of appreciation, commitment andtrust are what underpin employee satisfaction and economic
success. The Plansee Group puts a special focus on developing
its culture, for example by analyzing employee perceptions
by standardized culture surveys, as well as systematicallyAt all sites with employee representation, the Plansee Group
continuously works with council members on collective
agreements regarding working conditions. For those employees
not covered by a collective agreement, the company offers
comparable working conditions.

Respect of labor and human rights also forms the basis ofdaily collaboration and cooperation at the Plansee Group. Fair
working conditions cover topics like appropriate compensationand legally compliant working hours as well as decision-making
when selecting, developing, promoting and remunerating
employees based on work-related criteria. Respective training
material is developed and shared to avoid unconscious bias
during hiring and selection processes.

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Apprentices& trainees
Training apprentices and providing continuing educationfor employees has always played a key role at the PlanseeGroup. The company has been training talented individuals
in technical skills and trades since 1938.
More than 80 years later, vocational training remains just as important. The Plansee Group
offers apprenticeships at several sites in wide-ranging professions – from production-related
professions such as metal, laboratory, materials and process technicians to electrical engineers,
IT-specialists, e-commerce merchants and warehouse logistics specialists:
•
•
•
•
•
•
•
•
•
•
•
•
•

Plansee Group Functions Deutschland in Germany
Plansee Power Tech in Switzerland
Plansee Composite Materials in Germany
Plansee Shanghai in China
Plansee India
Plansee USA
Plansee SE in Austria
CERATIZIT Balzheim in Germany
CERATIZIT Besigheim in Germany
CERATIZIT Empfingen in Germany
CERATIZIT Deutschland in Germany
CERATIZIT Business Services in Germany
CERATIZIT Kędzierzyn-Koźle in Poland

PLAN S E E
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

Apprentices in the spotlight:

Strong trainees•

120 apprentices: In 2021, Plansee HPM and CERATIZIT opened a new, state-ofthe-art training center at the Reutte headquarters. Up to 120 apprentices in six
different professions can complete their training, combining theory and practice inthe 2,700 square meter building.

•Inhouse training facility: In 2022, a state-of-the-art training center for
manufacturing opened at Plansee USA in Franklin. Here, employees can learn new
skills and focus on continuous professional development. Their training centersaround manufacturing theory and how to practically use these theories to CNC
turning and milling operations.

As well as the wide-ranging apprenticeships on offer, the Plansee Group has also beenoffering various positions for trainees for years. As of February 2024, 44 trainees were
employed at the company. Trainees employed at Plansee Group Functions, currently
primarily in Reutte, Austria, and in Kempten, Germany, go through the "Strong Trainee
Program": During their 18 to 24-month trainee period, these young talents pass throughfour different departments within their area (e.g. HR, IT or Controlling), giving them ataste of different areas of work within the Plansee Group. They are not only supported
by People Development, but also by their hiring directors and a more advanced trainee
as a “buddy”. In addition to technical skills, they also build up soft skills and networking
during the program. This trainee program is currently being revised.

•

Two awards: In July 2023, Angelina Loch completed her training as a tool mechanic
at CERATIZIT Besigheim with the prize awarded by the German Chamber ofIndustry and Commerce (IHK). In October, she was also awarded the Ulrich Ruetz
Prize for her outstanding performance. This prize is awarded to apprentices who
excel with top grades and are also involved in voluntary work.

•

Extensive practical and theoretical preparation: Thanks to their comprehensive
practical and theoretical preparation, former apprentices Ina Kannenberg and Ege
Cabuk won the Tyrol-wide provincial title in their respective apprenticeships at the
Tyrol Skills 2023 apprentice competition.

•

Regular top performance: The apprentices of Plansee Composite Materials inGermany regularly achieve the highest grades and are considered some of the best
graduates in the region.

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Long-standing
experts
For its highly specialized business, the Plansee Groupneeds a skilled workforce, who understand materials
and applications inside out. Because people are the key
to success, the company invests in them and aims to fillmost middle and senior management positions internally.

4. Products

5. Production

6. Procurement

7. People

8. Governance

The Plansee Group's HR organization monitors employees throughout their journey:
From job offers and onboarding to training and development, regular checkups with managers, talent management and retiree benefits. As an international
production company, developing its employees is crucial to sustainable success.
Scope to refine new technologies and working methods depends on having
a highly qualified workforce, capable of meeting changing market demands.
Through targeted training measures and effective skills management, the PlanseeGroup not only invests in individual employee development, but also secures its
competitiveness and attractiveness as an employer through organizational learningand knowledge management.
“8 out of 10” – this is the number of middle and senior management positions thatPlansee Group aims to fill internally and the central goal of talent management.
Key to achieving this is to retain our employees and provide them with leadershipdevelopment programs and training opportunities. Through various training
programs, the Plansee Group has created learning and development opportunities
for all skill levels and hierarchical levels within the company.
This enables employees to develop throughout the Plansee Group and achieve
their professional goals or desired positions, paving the way to fill most middle andsenior management positions internally.

KPI (Definition)
Percentage of internally filled middle andsenior management
positions(senior and middle
management positions
hired/backfilled frominternal staff)

Plansee Group

2021/222022/232023/24

85%

85%

80%

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2. Materials

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5. Production

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7. People

8. Governance

A position with considerable creative autonomy
Sandra Horninger has been employed by the Plansee Group for 22 years. Aftercompleting her studies and residing in France for a time, she joined Plansee HPM
as Customer Segment Manager. Now Director of Global Procurement at thePlansee Group, she values the company's culture, the substantial degree of creativeautonomy in her role and the considerable trust placed in her, despite her somewhat‘unconventional’ background.

Whether it's standardizing processes, saving
costs, or driving forward our sustainability
strategy: I can make a lot of things happen in
my role and I really enjoy that.

After completing her master's degree in international business and businessadministration in Linz, Austria and numerous internships in Austria and France, the Upper
Austrian native relocated to Plansee HPM in Reutte, starting out in sales for several years.
Sandra later changed course with a move to Trade Affairs and Export Control, where
she became head of department after two years, while also pursuing a postgraduate
degree in International Business & Tax Law in Innsbruck and Frankfurt.

Sandra Horninger, Director of Global
Procurement

Finally, she reached her current position as Director of Global Procurement. Her
extensive network, cultivated early on in her career, has helped familiarize her with thisnew role, as she already knew many of the new contacts. She was also Chairwoman of
the Trade Committee of the European Non-ferrous Metals Association for four years.
Sandra Horninger particularly appreciates the international context of her job at thePlansee Group. She has completed a range of internal and external training courses
and seminars in her career, covering both functional and leadership and management
aspects and been involved in Group-wide initiatives for diversity, equity and inclusion.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceSupporting careers
A safe place to work, nurturing learning opportunities and international
career development opportunities – the Plansee Group is committed tosupporting its employees throughout their career paths.
As soon as employees come on board, the Plansee Groupinvests in their professional and personal development. By
fostering a culture that prioritizes continuous learning, thePlansee Group empowers its employees to stay ahead ofindustry trends, upskill and contribute to long-term company
success. The Plansee Group's People Development department
acts as a competence center for performance, succession andtalent management and offers innovative learning opportunities
for specific target groups. It supports the sustainable

development of (business) relevant skills for today and tomorrowin line with the Plansee Group's strategic competency model.
The development opportunities available transcend traditional
training programs. The aim is to create a broad spectrum of
on-the-job experiences (e.g. through job rotation or assignments
abroad), near-the-job offerings (such as coaching, mentoringor network exchanges) and off-the-job seminars in the areas ofsocial, technical and methodological skills that enable individuals

to grow both personally and professionally. Onboarding
programs for a structured start in the company are as muchpart of the portfolio as induction seminars for different
target groups. This approach not only enriches the talentpool but also fosters a sense of self-directed development
at all levels. Over the past fiscal year an e-learning provider
specialized in soft-skill training, was implemented in thePlansee Group’s learning platform, offering over 100 courses
in different languages.

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8. Governance

Sales development training
Sales development training across both business areas is a top priority at the PlanseeGroup to prepare sales staff well for their tasks and develop their skills. After all,particularly when handling technically complex applications or individual tool solutions,(further) training in materials, products, new developments and production processes
is fundamental as well as conversation techniques, organizational knowledge andgeneral sales workflows.
Ever since 2013, Plansee HPM has had a dedicated department to handle the structure
and content of training courses as well as train trainers. As well as classroom training,many e-learning modules, podcasts and live online training sessions are offered, as
well as internal meetings and workshops. A separate film and webinar studio was set
up in 2021.

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Fosteringtalents
Integrative talent management involves identifying, attracting
and promoting people with the right skills and potential.
The company's commitment to sustainability has always been
defined by upholding its values and strategic goals acrossgenerations of managers.
Succession management ensures that future managers are
identified and developed from within the company's ranks("8 out of 10"), thus promoting continuity and stability. A solid
performance management system is a key component of thesustainability strategy in the human resources department.
By setting clear expectations, providing regular feedback andrecognizing and rewarding achievements, a performanceoriented culture is promoted. Performance management
considers both the what (meeting targets and expectations)and the how (behavior) of the work performed.

To determine the next steps in the employee’s career,
mandatory employee dialogues are in place, which areheld at least once a year. This dialogue between thehiring manager and employee includes a performanceand competence evaluation but also defines future steps
in their career by examining targets or training measures
for the upcoming year. The Plansee Group offers different
leadership development programs for emerging leaders andtalents, front-line managers, mid-level managers and senior
managers as well as executives.

PLAN S E E
one strong groupsustainability
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Talent management
Over and above a strategy alone, talent management is at the core of the commitment
to sustainability in HR. By strategically aligning talent, performance and succession
management alongside learning and development, the company is paving the way
for long-term success and ensuring that the workforce is not only prepared fortoday's challenges but also capable of shaping the sustainable future of a global
manufacturing company.

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2. Materials

3. Sustainability Program

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5. Production

6. Procurement

7. People

Projects from the past fiscal year

Forward-looking projects•

Talent management: The focus was on developing three indicators for identifying
talents (drive, impact & social competence) and designing a monitoring process.
The process for conducting an annual review was also revised and discussed withvarious stakeholder groups. In the next step, development plans with individual
measures will be agreed and implemented between talents and their managers.

•

Diversity, equity and inclusion: Following initial projects, the Plansee Group isplanning to institutionalize DEI in the coming years and establish a strategy, develop
a DEI policy and conduct a company-wide quantitative survey to identify strengths
and weaknesses and derive a corresponding action plan.

•

Diversity, equity and inclusion: In a global working world and a future-orientedorganizational culture, addressing diversity, equity and inclusion (DEI) is one of theprerequisites for sustainable leadership. A balanced gender distribution, ethnic
diversity and inclusive practices helps ensure talent is optimally utilized. Over the
past fiscal year, the Plansee Group has organized various initiatives relating to
DEI – including a hybrid presentation by the CEO of VAUDE, a qualitative research
project with bachelor students from the University of Innsbruck and an inauguralattendance at herCAREER, a career fair for women, in Munich.

•

Focus on learning opportunities: Over the next few years, the learning
management system is to be established as a one-stop store for further training
opportunities in the Plansee Group.

•

Talent management: Over the coming fiscal year, a company agreement is to beconcluded with all works councils in the DACH region for the annual performance
review and further pilot projects are to be carried out. Various training formats will
be offered for this purpose. The number of annual performance reviews conducted
per location will be established as a fixed metric.

•

New group-wide development initiative: Partnering the INSEAD business school,
the Plansee Group has launched a group-wide people development initiative:
the Plansee Group General Management Program. Co-designed by the PlanseeGroup's leadership team, people development department representatives and asenior INSEAD faculty, this new development initiative is tailor-made for the senior
manager cohort.

•

Digitalization: To offer employees and managers more flexible HR services (fromtime management and data maintenance to learning content), the HR portals arebeing further expanded.

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Governance &responsibility

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The Plansee Group is aware of itsrole in society and the communities
in which it operates, as well as its
responsibilities to its customers,
business partners, employees andthe environment.
Andreas Schwenninger,
Member of the Executive Boardof the Plansee GroupPLAN S E E
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Managing risks
Impacts, risks and opportunities – The Plansee Group's risk
management process identifies and evaluates scenarios toimplement measures to mitigate risks or promote opportunities.
The purpose and process of the Plansee Group’s risk
management are regulated in the “Risk Management
Policy”. This policy sets the framework for the identification,
analysis, and assessment of risks, as well as for theidentification and implementation of measures. The policy
applies to all business areas of the Plansee Group. The
results of the risk inventory process and the measures taken
are presented to the Audit Committee of Plansee Holding
AG once a year.

or eliminate them are developed, the implementation statusof these measures is regularly checked and newly identified
risks are added.

The Plansee Group has been practicing risk management
systematically for more than fifteen years. An annual risk
inventory for all global sites includes interviews with key
stakeholders – so called “risk owners”. Risks throughout thecompany are evaluated, appropriate measures to mitigate

Risk management was revised in 2024 and expanded toinclude more risks, impacts and opportunities with a focus
on sustainability. These were assessed for the first time aspart of the double materiality analysis and will be addressedannually in the risk management process.

The risk inventory is divided into categories that are
significant for the Plansee Group. It encompasses risks for
all areas of the company and topics which are part of theCode of Conduct, for example, human rights, corruption,
anti-competitive practices and business ethics.

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1. About

2. Materials

Substantial
risks inthe past
fiscal year

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Substantial risks presented to the Audit
Committee have included market, rawmaterial and IT risks:•

The Plansee Group sees economic trends as one of the main areas of risk. The
Russian war of aggression in Ukraine, armed conflicts in the Middle East and othergeopolitical conflicts are putting pressure on the global economy. The Executive
Board anticipates short-term adjustments in demand and is taking precautions
for this scenario. Particular attention is being paid to adjusting investments andproduction volumes to the forecast business development and striving to makefixed costs more flexible.

•

The Plansee Group minimizes the risk of limited availability of raw materials by long­term hedging contracts for raw and input materials as well as operational measures
such as recycling, inventory optimization and operational excellence. The company
has set measures to reduce its dependence on natural gas over the next five years.

•

Another significant risk is any kind of in-house IT failure. This is countered by measures
such as user awareness training sessions, backups, safety systems and disasterrecovery plans. As part of the quality assurance of IT services, the data center in Reutte
was certified with ISO 27001 and audited in accordance with ISAE 3402.

The annual risk management is audited by PwC Wirtschaftsprüfung GmbH. The PlanseeGroup then receives a declaration of completeness in accordance with Rule 83 ÖCGK.
The auditors also help the Plansee Group further develop its risk management system.

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Business
conduct
policies
The basic rules of conduct at PlanseeGroup for employees, suppliers and otherbusiness partners are summed up in the
Code of Conduct and the Supplier Codeof Conduct.

Code of Conduct
The Plansee Group’s Code of Conduct summarizes the basic rulesof conduct that apply to all employees, suppliers and other business
partners and all companies in which the company holds more than
50% of the shares (CERATIZIT S.A., Plansee SE, Plansee Group
Functions). Training sessions are designed to ensure that employees
know and understand the requirements of the Code of Conduct.
The document was extensively revised and supplemented by the
Executive Board of Plansee Holding AG in December 2023. The new
Code of Conduct identifies risks and areas of conflict arising fromthe business models of the Plansee Group and its business areasand provides guidelines for the adequate conduct of employees,
suppliers, service providers and other business partners.

Read the Plansee Group’s Code of Conduct here.

Supplier Code of Conduct
The Plansee Group's Supplier Code of Conduct was extensively
revised and expanded in 2023 and defines the basic principles
for suppliers' conduct. The business areas of the Plansee Groupact in accordance with these guidelines and expect appropriate
conduct from their suppliers. The policy is structured according to
ESG criteria: environmental, social and governance. Suppliers are
systematically selected according to strict procurement guidelines
and the Plansee Group commits to long-term supply and purchaseagreements based on mutual trust and sustainability. New suppliers
are screened primarily according to criteria such as quality,
environment, health and safety, human rights, labor standards andanti-corruption.

Read the Plansee Group’s Supplier Code of Conduct here.

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8. Governance

Extending thewhistleblower system
The Plansee Group uses a whistleblower system to ensure that reported
violations of laws or the Code of Conduct are handled professionally.
The whistleblowing system is operated in Europe and offers whistleblowers the opportunity toreport violations of the law or the Code of Conduct anonymously and securely. The whistleblowing
system is accessible via all Plansee Group websites and is managed by an external law firm.
Plansee Holding AG, Plansee Group Functions, Plansee HPM and CERATIZIT have each set up
their own compliance committees to deal with the information received in their respective areas.
These committees are composed of the respective managing directors/board members.
In addition, any employee who suspects a compliance violation may contact his or her
supervisor, the Compliance Officer, the Legal Department or Human Resources. During FY
2023/24, three cases were reported and processed, all of which were completed.

KPI (Definition)
Number of whistleblower cases(reported cases by employees,
customers, suppliers, or other persons
via the whistleblower system)

Plansee Group

2021/222022/232023/24//

3

Contact and details here: Compliance | Code-of-Conduct | Plansee HPM
CERATIZIT | Compliance

Revision

The whistleblowing system and its processes are currently being revised. The Plansee Groupplans to extend the system to other countries in which it operates. In addition, key figures are to
be developed that will make it possible to record the number of concerns and their processing
status that are received via the whistleblowing system and via other channels defined in thePlansee Group's Code of Conduct.
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8. GovernanceInternal audit
The Plansee Group's Internal audit department provides independentand objective auditing and consulting services aimed at ensuring andimproving compliance with processes within the organization.
The internal audit is an integrated part of the supervisory function of the Plansee Group.
It is responsible for internally auditing all legal entities in which the Plansee Holding AG
holds more than 50% of shares. As an organizationally independent holding function, it
reports directly to the Executive Board and the Audit Committee of Plansee Holding AG.

Goals of the Plansee Group’s Internal Audit department•

Protecting the Corporate Management against possible risks and organizational fault•

Detecting and reducing risks in the business processes•

Supporting compliance of business processes with laws as well as Corporate
Governance rules and requirements of the Plansee Group•

Monitoring the effectiveness of the business processes•

Ensuring the effectiveness of internal control systems•

Safeguarding the legitimate interests of third parties•

Ensuring the reliability of Corporate Reporting

KPI (Definition)
Number of internal audits(conducted audits in accordance withthe audit plan approved and monitoredby the Executive Board of the PlanseeGroup and the Audit Committee ofPlansee Holding AG)

Plansee Group

2021/222022/232023/24

28

38

25

Focus of fiscal year 2023/24•

Compliance with requirements of key customers•

Raising awareness of compliance•Follow-up audits87

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5. Production

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7. People

8. GovernanceProtecting information
In an increasingly digital business environment, information
security provides an essential framework for enabling securebusiness operations and protecting sensitive information.
The Plansee Group takes measures to protect its information
systems, confidential information, data and know-how as wellas those of customers, suppliers and other business partners tothe best of its ability.

compliance with legal requirements, applicable standards,
internal directives and contractual obligations and provides
the necessary security for the company's digitalization
initiatives.

The main objective of Information Security is protecting
all data and information received, generated, processed,
disseminated, stored and destroyed by the company:
Information from research and development, patents,
process descriptions, recipes, design plans and customer
and employee data (including personal data) are particularly
worthy of protection. Information Security also ensures

Information and training in corporate and information security
are essential factors when it comes to minimizing risks for thegroup and ensuring the necessary awareness. Accordingly,
regular information security training courses are mandatory for
all employees: They are maintained by the Information Security
and Human Resources departments and cover a range of key
topics that are constantly updated to reflect the latest threats.

The Plansee Group is covered under the ISO 27001 certified
information security management system (ISMS). It isconstantly being updated and subjected to multiple annual
audits. An ISAE 3402 Type 2 compliant control system is also
implemented.
The Information Security Guideline of the Plansee Group
expresses these goals and the attitude of responsibility ofthe management of the Plansee Group regarding information
security. This is the basis for designing information security
and handling the information and information systems of thePlansee Group securely and responsibly.

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8. GovernanceProtecting personal data
The Plansee Group prioritizes the protection of
personal data of its employees, customers, suppliers
and other business partners.
Within the Plansee Group, a data protection organization
is established to ensure compliance with the national andregional laws and to meet the expectations and requests of its
employees, customers, suppliers and business partners withregard to all privacy matters.

•

Ensuring security of the personal data and of theprocessing of such data.

•

Providing a point of contact for the respective supervisory
authorities and for the employees, customers, suppliers
and other business partners of the Plansee Group withregard to all data privacy matters.

Responsibilities of the data protection organization:•

Providing guidance, consultation and support to ensure
legal compliance of the processing (e.g. collecting,using, sharing, deleting) of personal data and to ensure
appropriate documentation thereof.

•

Supporting the Plansee Group companies in fulfilling theirprivacy-related tasks in accordance with national andregional laws.

•

Creating awareness and knowledge of the employees of thePlansee Group regarding data privacy matters by provisionof information, guidance and regular training sessions.

Measures and actions implemented
in FY 2023/24•

The Plansee Group established a new data protection
function with group-wide responsibility.

•

An interdisciplinary data protection council has been
established where members of related specialist
departments of the Plansee Group regularly meet andalign on data protection topics.

•

Local data protection coordinators have been
established for further Plansee Group companies.

•

An annual e-learning training (focusing on EU
regulations, in particular on General Data Protection
Regulation (GDPR)) and specific training sessions fordifferent departments have been held.

•

The training raises awareness and trains staff
involved in personal data processing operations in
the European Union and Switzerland with permanentcomputer access.

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1. About

KPI (Definition)

Absolute number of data subject requests(regardless of whether the request was complied Plansee Group
with or ended/completed otherwise)

2. Materials

2021/22/

3. Sustainability Program

2022/23/2023/24

4. Products

5. Production

7. People

8. Governance

Forward-looking strategic measures•

Further developing and implementing dataprotection related processes, reporting structure anddocumentation•

Elaborating and implementing a data protection policy•

Establishing a committee of local data protection
coordinators of the different affiliated Plansee Group
companies that regularly aligns on data protection
topics to further implement the data protection
strategy and measures on a group-wide level•

Expanding data protection measures andcorresponding training sessions worldwide, also tosmaller sites of the Plansee Group4

The forward-looking measures focus on ensuring compliance of the Plansee Group with data protection laws,
under particular consideration of international legislative initiatives and the organizational structure of thecompany. The goal is to further develop and implement a group-wide data protection management system.

6. Procurement

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Good neighborin ourcommunities
Being a reliable employer does not just apply to ouremployees, but also to their families and neighbors at
the Plansee Group's sites worldwide. For this reason, thecompany for many years focused on getting involved in
the communities and supporting them.

PLAN S E E
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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceDonations
When people in the communities around the Plansee Group's sites need help, thecompany wants to respond quickly. Last year, it donated heavily to social activities andpeople in need. A few examples:

Education•

Annual scholarships: Already in 1956, the Paul Schwarzkopf Foundation, named
after the founder of the Plansee Group, was established in Austria. The purposeof the foundation is to support young people in their education. Since its inception,
the foundation has provided financial support to many students through annual
scholarships.

•

Walking the path together: In Austria, there are still far too many students who leaveschool without any qualifications. At the Reutte site, the Plansee Group, in cooperation
with Social Business Sindbad, helps young people with career orientation and writing job
applications, among other things. Employees act as mentors. The mentors accompany
the young people on their way to an apprenticeship or secondary school. Working
together, the mentors deepen their social skills, assume social responsibility and canreceive coaching in social leadership. The program is now in its second year.

•

Learning is key: Plansee India, located in Mysuru, supports more than 200 children aged
4 to 16 from low-income families by financing their education. Since education is key toimproving one’s life but at the same time often not affordable for disadvantaged families,
Plansee India took over the management of a school. The teachers’ salaries, maintenancetasks and the construction of classrooms and infrastructure are covered by Plansee India.
Employees who enjoy teaching provide lessons on an hourly basis.

•

Aid for victims of natural disasters: Plansee Holding donated to the victims of thedevastating earthquakes in the border region between Turkey and Syria. Plansee
Japan donated to the regional government after an earthquake struck the Noto
Peninsula in Ishikawa Prefecture in Japan.

•

Fighting poverty: Mi-Tech Tungsten Metals donates to The Lord's Pantry at
Anna’s House, as well as the United Way of Central Indiana. The Lord's Pantry
provides a food pantry and weekly meals to individuals and families in need inIndianapolis. United Way strives to develop community-based solutions to reduce
intergenerational poverty and provide basic needs and opportunities for families
living in or near poverty.

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1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernanceHelp
At the Plansee Group sites, various projects support social projects in the surrounding
communities. Various production sites regularly offer the opportunity to donate blood andorganize further local activities.
•

Solidarity-based housing: Employees of CERATIZIT Czech Republic participatedin the finishing works of the adapted housing for the Kociánka – Březejc Center.
The center supports children, teenagers and adults with disabilities. Last year,
CERATIZIT Czech Republic contributed to the purchase of physiotherapy
equipment for the children of the center.

Culture, sports and more
The Plansee Group sponsors various sports clubs, events and activities worldwide to
demonstrate its commitment to health, sports activities and team spirit.
•

Machining meets Talent: Since 2019, CERATIZIT Ibérica has been the main sponsor of
Kirolife's program, initially called "Machining meets Cycling". It supports the ambitions ofyoung cyclists and combines this dedication with the industry’s search for skilled workers.
Actions include partnerships of companies with cycling schools and support for young
cyclists studying mechanical engineering, as well as contests and competitions. The
project started in Spain and spread to Italy a few years ago. The award-winning project
today involves 47 schools, 110 participating companies and 900 young people in Spainand Italy. With its new name, "Machining meets Talent," the project is now more closely
linked to machining training schools.

•

Family Days: Various Plansee Group sites regularly host Family Days for employees
and their families. All guests are invited to the site for a common meal and various
recreational activities. Among others, Plansee China, Plansee Japan and CERATIZIT
K-K in Poland celebrated family days with activities such as a stamp rally, an obstacle
course or face painting. The younger guests in particular enjoyed the day with theirparents, while relatives learned more about the company and its culture.
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Annex

PLAN S E E
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report 2023

Overviewof keyfigures

1. About

2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

7. People

8. Governance

General key figures
Sales volume*(in million euros)

Plansee Group

2,017

2,346

2,280

Investments and innovation*(expenditures on infrastructure, machinery, new product andtechnology development as well as M&A in million euros)

Plansee Group

236

254

297

Equity ratio*

Plansee Group

51%

50%

57%

Operating countries*(absolute number of countries where the Plansee Group has production
sites or sales offices)

Plansee Group

32

32

32

Production sites*/**(absolute number of active production sites)

Plansee Group

46

45

41

Plansee Group

2,031

2,022

2,030

Plansee HPM

920

893

902

CERATIZIT

1,111

1,129

1,128

Plansee Group

40%

41%

38%

Products

Patents, pending patent applications and utility models(absolute number of industrial property rights)

Share of sales from new products*/**(less than 5 years old, measured by net sales of core business)* This figure includes 50% of the joint venture company CB-CERATIZIT.
** This figure excludes Plansee Group Functions with its administrative services.

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1. About

2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2020/212021/222022/232023/24

Plansee Group

387

442

333

305

Plansee HPM

195

207

179

168

CERATIZIT

201

243

167

157

Plansee Group

67

72

72

61

Plansee HPM

19

19

19

18

CERATIZIT

48

52

54

43

Plansee Group

95

104

38

32

Plansee HPM

35

39

31

24

CERATIZIT

61

66

9

9

Plansee Group

225

266

222

213

Plansee HPM

141

149

130

127

CERATIZIT

91

124

105

104

7. People

8. GovernanceGreenhouse gas emissions

Corporate Carbon Footprint**(absolute emitted greenhouse gas emissions in 1,000 metric tons CO₂e)

Direct greenhouse gas emissions Scope 1**(in 1,000 metric tons CO₂e from owned or controlled sources)

Direct greenhouse gas emissions Scope 2**(in 1,000 metric tons CO₂e from the generation of purchased energy)

Indirect greenhouse gas emissions Scope 3**(in 1,000 metric tons CO₂e (not included in Scope 2) that occur in the
upstream value chain)** This figure excludes Plansee Group Functions with its administrative services.

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1. About

2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

7. People

8. Governance

EnergyTotal consumption of natural gas andelectricity in GWh

Plansee Group

758

748

664

Specific energy consumption(in MWh/t, energy consumption per ton metal input)

Plansee Group

44

40

51

Total renewable energy consumption(used amount of energy from a non-depletable source, such as wind/water/ Plansee Groupsolar power or biomass in GWh)

245

359

342

Percentage of energy from renewable sources(energy from a non-depletable source, such as wind/water/solar power orbiomass)

Plansee Group

32%

48%

51%

Percentage of electricity from renewable sources(electricity from a non-depletable source, such as
wind/water/solar power or biomass)

Plansee Group

/

/

92%

Circular economy
Tungsten Recycling Rate**

Plansee Group

/

75%

90%

Molybdenum Circularity Rate**

Plansee HPM

/

29%

32%

** This figure excludes Plansee Group Functions with its administrative services.

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2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

2021/222022/232023/24

Plansee Group

93%

93%

97%

Plansee HPM

100%

100%

100%

CERATIZIT

90%

90%

96%

Plansee Group

68%

68%

68%

Plansee HPM

84%

78%

75%

CERATIZIT

61%

64%

64%

Plansee Group

28%

33%

20%

Plansee HPM

44%

43%

42%

CERATIZIT

21%

28%

10%

Plansee Group

/

/

7.31

Plansee HPM

/

/

10.27

CERATIZIT

/

/

5.73

Plansee Group

/

/

5.87

Plansee HPM

9.82

10.97

8.53

CERATIZIT

/

/

4.39

Plansee Group

/

/

102

Plansee HPM

55

66

54

CERATIZIT

/

/

46

KPI (Definition)

8. Governance

QHSE

Percentage of employees at production sites covered by an ISO 9001 quality management system**(an employee is covered by ISO 9001 if the site is ISO 9001 certified)

Percentage of employees at production sites covered by a certified ISO 14001 environmental management system**(an employee is covered by ISO 14001 if the site is ISO 14001 certified.)

Percentage of employees at production sites covered by an ISO 45001 H&S management system**(an employee is covered by ISO 45001 if the site is ISO 45001 certified)Total Recordable Incident Rate (TRIR)***(definition according to ESRS S1-14 No. 88 (c) , number of death + number of events with loss of consciousness + number of events with days awayfrom work + number of events with restricted work or transfer to another job + number of events with medical treatment beyond first aid + numberof events with significant injury or ill health diagnosed by a physician or other licensed healthcare professional * 1,000,000 / hours worked)
Lost Time Injury Frequency (LTIFR)***(number of events with days away from work (number of fatalities + incidents involving days away fromwork + significant injury or ill health with days away from work) * 1.000.000/hours worked)

Number of Incidents with Lost Days (LTI)***(number of work-related incidents of an employee that results in one or more days of lost time or results infatality; day of incident is excluded)** This figure excludes Plansee Group Functions with its administrative services. It here includes the production sites of Plansee HPM and CERATIZIT.
*** This figure includes the production sites of Plansee HPM and CERATIZIT and the administrative functions of Plansee Group Functions. Sales Offices from Plansee HPM and CERATIZIT are excluded.
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1. About

2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

Plansee Group

/

/

6,518

Plansee HPM

2,583

2,636

2,428

CERATIZIT

/

/

4,090

Plansee Group

/

/

6,059

Plansee HPM

2,213

2,466

2,064

CERATIZIT

/

/

3,995

Plansee Group

/

/

6,261

Plansee HPM

1,568

1,836

1,981

CERATIZIT

/

/

5,325

Plansee Group

/

/

7,876

Plansee HPM

2,779

2,764

2,551

CERATIZIT

/

/

4,280

7. People

8. Governance

Water

Total water consumption**(in 1,000 m³)

Total wastewater discharged**(in 1,000 m³, includes all water types discharged including industrial
wastewater, sanitary waste water and cooling water)

Waste

Non-hazardous waste**(in metric tons, according to local legislation in the respective country)

Hazardous waste**(in metric tons, according to local legislation in the respective country)** This figure excludes Plansee Group Functions with its administrative services. It here includes the production sites of Plansee HPM and CERATIZIT.

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2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

Plansee Group

/

100%

100%

Plansee HPM

/

100%

100%

CERATIZIT

/

100%

100%

Plansee Group

/

100%

100%

Plansee HPM

/

100%

100%

CERATIZIT

/

100%

100%

Plansee Group

/

/

/

Plansee HPM

/

/

100%

CERATIZIT

/

/

85%

Plansee Group

/

/

55%

Plansee HPM

/

/

56%

CERATIZIT

/

/

54%

7. People

8. Governance

Procurement

Percentage of 3TG materials purchased exclusively from RMIcertified smelters**(amount of tungsten, tantalum, tin and gold (3TG) material from suppliers
which are certified by the Responsible Minerals Initiative)

Rate of suppliers having confirmed the Code of Conduct and Supplier
Code of Conduct**

Percentage of buyers who have received training on sustainableprocurement incl. conflict minerals**

Percentage of selected suppliers having undergone a CSR
assessment**(e.g. strategic suppliers; covered by an assessment on their environmental
and/or social practices)** This figure excludes Plansee Group Functions with its administrative services.

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2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

Plansee Group

11,174

11,445

11,208Plansee HPM

3,082

3,443

3,421

CERATIZIT

7,681

7,532

7,264

Plansee Group

68%

67%

68%

Plansee HPM

60%

58%

59%

CERATIZIT

70%

69%

70%

Plansee Group

23%

23%

23%

Plansee HPM

35%

32%

31%

CERATIZIT

19%

21%

21%

Plansee Group

9%

10%

9%

Plansee HPM

5%

10%

10%

CERATIZIT

11%

10%

9%

7. People

8. Governance

General HR figures

Total number of employees*(headcount, direct employees including temporary staff)

Percentage of employees by regions*: Europe

Percentage of employees by regions*: Asia-Pacific

Percentage of employees by regions*: America* This figure includes 50% of the joint venture company CB-CERATIZIT.

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2. Materials

3. Sustainability Program

4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

Plansee Group

20%

21%

21%

Plansee HPM

21%

23%

22%

CERATIZIT

19%

19%

19%

Plansee Group

/

8%

8%

Percentage of women in top executive positions(female senior managers excluding supervisory board and boards of directors) Plansee HPM

/

/

4%

/

/

3%

Plansee Group
Supervisory Board

37.5%

37.5%

37.5%

Plansee SE
Board of Directors

0%

0%

0%

CERATIZIT S.A.
Board of Directors

14%

14%

17%

Plansee Group

85%

85%

80%

Plansee HPM

/

/

94%

CERATIZIT

/

/

78%

7. People

8. Governance

General HR figures

Percentage of female employees

CERATIZIT

Percentage of women within the organization’s boards“8 out of 10”

Percentage of internally filled senior and middle management positions(senior and middle management positions hired/backfilled from internal staff)

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4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

Plansee Group

/

/

8.9

Plansee HPM

/

/

/

CERATIZIT

/

/

8.9

Plansee Group

/

/

64%

Plansee HPM

/

/

/

CERATIZIT

/

/

64%

Plansee Group

/

/

54%

Plansee HPM

/

/

61%

CERATIZIT

/

/

54%

7. People

8. GovernanceTraining

Average hours of training provided per employee

Percentage of employees who participated in a career- or
skill-related training

Talent Management

Percentage of employees who received regular performance andcareer development reviews (calculation based on headcount)103

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4. Products

KPI (Definition)

5. Production

6. Procurement

2021/222022/232023/24

Plansee Group

/

/

3

Plansee HPM

/

/

1

CERATIZIT//

1

Plansee Group

28

38

25

Plansee HPM

11

8

14

CERATIZIT

14

16

5

7. People

8. Governance

Whistleblower system

Number of whistleblower cases(reported cases by employees, customers, suppliers, or other persons via
the whistleblower system)

Internal audit

Number of internal audits(conducted audits in accordance with the audit plan approved andmonitored by the Executive Board of the Plansee Group and the Audit
Committee of Plansee Holding AG)

Data protection
Percentage of employees trained through e-learning on data protection(EU: GDPR) (The percentage indicates the ratio of those employees who havecompleted the assigned e-learning training relative to the overall number ofcolleagues to whom e-learning training sessions were assigned.)

Plansee Group

/

/

78.1%

Absolute number of data subject requests(regardless of whether the request was complied withor ended/completed otherwise)

Plansee Group

/

/

4

Absolute number of data protection breaches(which trigger a corresponding notification to the responsible dataprotection authority)

Plansee Group

/

/

0

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ESRS &
GRI
index

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

Topic

ESRS

GRI

Page

General requirements

ESRS 1

2, 201, 202

Page 6-12, 15, 17-18, 24-27, 39-42

General disclosures

ESRS 2

3

Page 7, 17-21, 30-37, 83-84, 95-103

Climate Change

ESRS E1

302

Page 37, 43-44, 46-52

Pollution

ESRS E2305

Page 57, 60-61

Water and marine resources

ESRS E3

303, 306

Page 57, 60-62

Biodiversity and ecosystems

ESRS E4

101, 304

Page 63

Resource and circular economy

ESRS E5301, 306

Page 53-56, 63, 68

Own workforce

ESRS S1

401-410

Page 57-59, 71-80

Workers in the value chain

ESRS S2

204, 308, 414

Page 65-67, 69, 85-86

Affected communities

ESRS S3

413

Page 60, 91-93

Consumers and end-users

ESRS S4

416-418

Page 39-44, 57-58, 86, 88-90

Business conduct

ESRS G1

205, 206

Page 83-90

7. People

8. Governance105

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2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance

Glossary
B

Biodiversity
This is the variability among living organisms from all sources including, among others,
terrestrial, marine and other aquatic ecosystems and the ecological complexes of which
they are part. This includes diversity within species, between species and of ecosystems.

C

Carbon footprint
A carbon footprint is the sum of greenhouse gas emissions and greenhouse gas removalsof a product system or an organization, expressed as a carbon dioxide equivalent (CO2e).

E

ESG – Environmental, social and governance standards
Environmental, social, and governance (ESG) refers to the three central factors inmeasuring the sustainability and ethical performance of a company or business.

Carbon-neutral
No carbon dioxide (CO2) is emitted into the atmosphere, or its emissions are fullycompensated.
CDP
The CDP (formerly Carbon Disclosure Project) is a non-profit organization with the aimthat companies and also municipalities disclose their environmental data, such as climatedamaging greenhouse gas emissions and water consumption. Once a year, the CDP
collects data and information on behalf of investors using standardized questionnaires on
CO 2 emissions, climate risks, reduction targets and strategies of companies.

ESRS – European Sustainability Reporting Standards
The ESRS is the new EU framework for sustainability reporting and is a key element of the
EU’s new Corporate Sustainability Reporting Directive (CSRD). The goal is to make reports
more standardized and comparable. It is mandatory for the Plansee Group from 2026
onwards for the 2025/26 BY.
GCompensation
Reducing the negative impact of greenhouse gas emissions in the atmosphere by saving
greenhouse gas emissions elsewhere, e. by supporting climate protection projects.
Compliance
In general, compliance means conforming to a rule, such as a specification, policy,
standard, or law. Regulatory compliance describes the goal that organizations aspireto achieve in their efforts to ensure that they are aware of and take steps to comply with
relevant laws, policies and regulations.
Conflict minerals
Conflict Minerals refer to raw materials or minerals that come from a specific part of theworld where conflict is occurring and affecting how those materials are mined and traded.

EcoVadis
EcoVadis is a leading provider of corporate sustainability ratings. The rating methodology
is based on internationally recognised sustainability standards and enables thecomparison of different management systems. It evaluates companies' policies, actions
and activities in the four areas of environment, labour and human rights, ethics andsustainable procurement.

GHG – Greenhouse gas emissions
Emissions of gases that contribute to global warming by absorbing infrared radiation,
thereby heating the atmosphere. The main contributors are carbon dioxide (CO2), methane(CH4) and nitrous oxide (N2O).
GRI – Global Reporting Initiative
The Global Reporting Initiative (known as GRI) is an independent international standards
organization that helps businesses, governments and other organizations understandand communicate their impacts on issues such as climate change, human rights
and corruption. The purpose of GRI is to develop globally applicable guidelines forsustainability reporting.

I

Internal audit
The internal audit supports an organization to accomplish its objectives by bringing
a systematic, disciplined approach to evaluate and improve the effectiveness of risk
management, control and governance processes.

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2. Materials

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ISO 9001
An international standard for the certification of quality management systems.
ISO 14001
An international standard for the certification of environmental management systems.
ISO 45001
An international standard for the certification of occupational health and safety
management systems.

K

KPI
The term key performance indicator describes indicators in business economics which areused to measure progress or achievements related to important targets or critical successfactors within an organization.

N

Net zero
No greenhouse gases are released into the atmosphere, or emissions are fullycompensated.

R

Risk management
The central task of a risk management system is to identify potential risks at an early stage
and to plan or initiate measures to avoid, or at least limit, the adverse effects of negative
developments on the net assets, financial position, and results of operations. The risk
management system is supported by an internal control system that is appropriately
adapted to the company‘s area of activity. All risks associated with business activities arerecorded, assessed, and communicated internally as part of a risk management system.
Specific action plans are adopted according to the priority of the risks.

S

SBTi
The Science Based Target initiative (SBTi) is a collaboration between the CDP, the United
Nations Global Compact (UNGC), World Resources Institute (WRI), and the WorldWide
Fund for Nature (WWF). The initiative defines and promotes best practices in sciencebased target setting and independently assesses companies’ targets for consistency withthe level of decarbonization required according to the latest science.

S

4. Products

5. Production

6. Procurement

7. People

8. Governance

Science-based targets (SBT)
Targets adopted by companies to reduce greenhouse gas emissions are considered“science-based” if they are in line with what the latest climate science deems necessary
to keep the global temperature increase below 1.5°C compared to pre-industrial
temperatures, as described in the Assessment Report of the Intergovernmental Panel on
Climate Change (IPCC).
Scope 1, 2, & 3 emissions
Scope 1 emissions are direct GHG emissions from owned or controlled sources. Scope 2
emissions are indirect GHG emissions from the generation of purchased energy. Scope
3 emissions are all indirect GHG emissions (not included in scope 2) that occur in the
upstream value chain (cradle-to-gate).
Stakeholders
All internal and external persons or groups affected directly or indirectly by businessactivities currently or in the future.

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one strong groupsustainability
report 2023

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. Governance(Further) Abbreviations
A

APT
Ammonium Paratungstate

I

ISOInternational Organization for Standardization

R

RMI
Responsible Minerals Initiative

C

CAHRAsConflict Affected and High Risk AreasK

KPI
Key Performance IndicatorS

SBPP
Sustainability Best Practice Program

CDP(formerly) Carbon Disclosure Project
CIP
Continuous Improvement Process
D

DIE
Diversity, Inclusion and Equity

E

ETP
Effluent Treatment Plant

G

GDPR
General Data Protection Regulation

M

HPM
High-performance Materials

MES
Manufacturing Execution System

STP
Sewage Treatment Plant
U

UNGC
United Nations Global Compact

N

NPI
New Product Introduction

W

WC
Tungsten carbideOÖCGKAustrian Corporate Governance Code

WMP
Tungsten metal powder

OECD
Organization of Economic Cooperation and Development

WOX
Tungsten oxide

PCF
Product Carbon Footprint

WO3
Tungsten trioxide

PDCA
Plan, Do, Check, Act

WP
Watt Peakwt%
Percentage By WeightP

HR
Human ResourcesI

SBTi
Science Based Targets initiative

MoO3
Molybdenum trioxide

GWh
Gigawatt hours
H

kWp
Kilowatt–peak

HSE
Health, Safety, EnvironmentQ

QHSE
Quality, Health, Safety and Environment

IMS
Integrated Management System

R

RIR
Recycling Input Rate

ISMS
Information Security Management System

RMAP
Responsible Minerals Assurance Process108

PLAN S E E
one strong groupsustainability
report 2023

1. About

2. Materials

3. Sustainability Program

4. Products

5. Production

6. Procurement

7. People

8. GovernancePublication details
Publisher

Editorial teamPlansee Group
Metallwerk-Plansee-Str. 71
6600 Reutte
Austria

Jana Pfeiffer, Dénes Széchényi, Kathryn Leinweber, Elisabeth Walser
Storymaker Agentur für Public Relations GmbHCERATIZIT S.A.
Route de Holzem, 101
L-8232 Mamer
Luxemburg
Plansee SE
Metallwerk-Plansee-Str. 71
6600 Reutte
Austria

DesignM+K Werbeagentur GmbHContact
Plansee HPM: marcomm@plansee.com
CERATIZIT: sustainability@ceratizit.com
Photography
Plansee Group: p. 2, 5, 6, 7, 14, 21, 22, 23, 25, 29, 46, 54, 55, 59, 67, 82, 83, 92
Plansee SE: p. 4, 7, 9, 13, 26, 32, 40, 44, 45, 52, 70, 72, 73, 75, 77, 80, 85, 92, 93, 94
CERATIZIT S.A.: p. 7, 11, 27, 28, 38, 41, 42, 44, 48, 49, 51, 52, 53, 56, 68, 69, 78, 79, 81, 91, 93
shutterstock: Panuwach p. 17 left / Vectuz right, pking4th p. 18, Nexus p. 32 & 33, Yusufiadi p. 35, Qwerty p. 58, Maria Dryfhout p.61,
Aleksey Vanin p. 62, RHJPhtotos p. 64, Mr. Tempter p. 65, IIIerlokxolms p. 84
SDG: p. 30, 36, 37
SBTi, UNGC, CDP & RMI: p.19
RMA, TiCMC, RCS Global, Quality Austria, EcoVadis, IMOA, T.I.C., IECQ, ITIA: p. 20
Metal Powder Industries Federation: p. 24
TSFP: p. 50
Adobe Stock: Alla p. 68 right
Photographing for the Plansee Group, Plansee SE and CERATIZIT S.A. among others: Andi Mayr, Rolf Marke, Anna-Sophie
Böschek, Richard Pürcher, Caroline Guggenberger, Blitz, SimpleFilm, Daniel Reiter Luftaufnahmen, Chaitanya Harridoss Cinemas,
Shanghai Gehou Visual Design Co., Ltd109

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