Werfen, S.A. and subsidiaries
Non-Financial Information Statement for 2022

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Business Model
Werfen, S.A. (the “Company” or the “Parent Company”) was incorporated in Barcelona on
February 26, 1981, under the name Grupo CH Werfen, S.A. In 2007, it changed its name to
WerfenLife Group, S.A., and in 2014, it changed its name once again to its corporate name
WerfenLife, S.A. Finally, in June 2022 it changed its name to its current one, Werfen, S.A. Its
registered office is at Plaça Europa nos. 21-23, L’Hospitalet de Llobregat (Barcelona).
The Parent Company’s main business activities is the formation of companies and theacquisition of equity holdings, on its own behalf or on behalf of a third party. The Parent
Company heads a group of companies (the “Group” or “Werfen”). Werfen is a multinationalgroup of companies engaged in the research, development, manufacturing, and distributionof specialized products in health and life sciences. With a direct presence in more than
30 countries and ongoing and major investments in research, development and innovation,
Werfen is currently a worldwide leader in its specialized market segments. In addition, theParent Company provides services to the various companies that form a part of Werfen, suchas services relating to senior management, legal and tax advice, communication, and financial
systems.
The main subsidiaries of Werfen, S.A. are the following:
•

•

•

•
•

Instrumentation Laboratory, S.p.A., based in Milan (Italy), whose main businessactivities include the production of reagents for specialized diagnostics and the saleand supply of reagents and instruments for clinical diagnosis to hospitals, medicallaboratories, and distributors.
Werfen Italy Investments, S.R.L., based in Milan (Italy), which groups together theequity holdings in most of the subsidiaries that operate in the Specialized Diagnostics
segment, previously held by the company Instrumentation Laboratory, S.p.A.
Instrumentation Laboratory, Co., based in Bedford, Massachusetts (USA), whose main
business activity is the research, development, manufacturing, and sale of specialized
diagnostic instruments and reagents for use mainly in hospitals and clinicallaboratories.
Biokit, S.A., based in Lliçà d’Amunt, Barcelona, whose main business activity is the
manufacturing and sale of reagents for analysis in the medical and healthcare field.
Inova Diagnostics, Inc., based in San Diego (USA), whose main business activity is theresearch, development, and production of reagents in the area of autoimmunity andthe supply and sale thereof to hospitals, clinical laboratories, and distributors.
1

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022••

Werfen España, S.A.U., based in L’Hospitalet de Llobregat, Barcelona, whose main
business activity is the supply and sale of instruments and reagents for specialized
diagnostics to hospitals and clinical laboratories in the Spanish market.
Werfen Medical Device Co, Ltd. (Beijing), based in Beijing, China. Its main businessactivity is the sale of instruments and reagents for clinical diagnosis in the Chinese
market.

Werfen has two main lines of business:- Specialized Diagnostics- Medical Devices
In fiscal year 2022, Specialized Diagnostics accounted for approximately 90.5% (90.3% in 2021)
of Sales. This business segment consists in the research, development, manufacturing anddistribution of diagnostic systems used in hospitals and clinical laboratories. Its products
include instruments, reagents, and software, as well as quality controls.
The second business segment, Medical Devices, accounted for approximately 9.5% of Sales in
2022 (9.7% in 2021). Here, the Company focuses on marketing a wide range of products in thefields of medical devices and life sciences, with its own line of flow regulators and elastomericpumps for therapeutic infusion.
Werfen’s total Sales is broken down by geographic area as follows:

North America
Western Europe
Eastern Europe, Middle East and Africa
Latin America
Asia and Pacific

2022
28%
40%
6%
7%
19%

2021
25%
47%
6%
6%
16%

Werfen’s main areas of specialization, by business unit, are the following: Hemostasis, Acute
Care Diagnostics, and Autoimmunity.
Werfen is the world leader in Hemostasis, with a market share of approximately 31% of themarket, although sales have dropped by 3% compared to 2021. Werfen is in second positionin the Autoimmunity market with a market share of approximately 19%, and an increase in2

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
sales of 5.8% in 2022 compared to 2021, after growing 21% in 2020. Finally, Werfen ranks
second worldwide in Acute Care Diagnostics, with growth of 3.2% in 2022 compared to 2021.
The Group has seven main research, development, and manufacturing centers located in:
Bedford, Massachusetts, USA
Orangeburg, New York, USA
San Diego Autoimmunity, California, USA
San Diego Whole Blood Hemostasis, California, USA
Lliçà d´Amunt, Barcelona, Spain
Munich, Germany
Sant Esteve de Sesrovires, Barcelona, Spain

Code of Ethics
Werfen has a Code of Ethics approved by its Board of Directors. This establishes the guidelines
governing the ethical behavior of Werfen’s executives and employees in their daily work, withregard to their relationships and interactions with all its stakeholders. The guidelines for action
cover issues such as corruption and bribery, respect for people, professional development,
equal opportunities, relationships with collaborating companies, health and safety at work,and respect for the environment.
Werfen has joined the United Nations Global Compact, reinforcing its commitment to the
Global Compact’s principles in the areas of human rights, labor, the environment, and anticorruption.
The
Code
of
Ethicsispublishedonthe
corporate
website(https://www.werfen.com/en/v2/about-werfen). It compiles and presents the guiding
principles, values, and ethical commitments that govern the performance of businessactivities and management of the businesses of all Group companies.
Werfen’s values are:-Integrity. We strive to display open, honest, and ethical behavior in all relationships withour customers, employees, suppliers, partners, the general public, and government
agencies.
3

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
-

-

-

-

-

-

Respect for people. We value the contribution, thoughts, ideas, differences, and diversitythat others contribute, and we show the utmost respect for everyone we deal with.
Honesty and humility. We try to be open, honest, and trustworthy and listen to all thepeople with whom we communicate, while building relationships of trust, both within andoutside of the organization. We aspire to be humble in how we approach our work andaccomplishments.
Leadership and management. We want to inspire and motivate our employees in theirwork by harmonizing their goals with the Werfen Vision and Strategy through frequent
formal and informal communications.
Teamwork. We know that we all make a unique contribution to the business, and we work
together to achieve our common goals, while helping others along the way and striving
to achieve high levels of performance in everything we do.
Achievement of results. We all take responsibility for achieving success and deliveringresults at an individual and team level. Knowing what is expected of us, we strive to excel
in everything we do.
Quality and excellence. All our practices, processes, and systems are designed to achieve
quality results that exceed the expectations of all our stakeholders. We work according to
the strictest standards in everything we do, and we hold others responsible for achieving
the same standards of excellence.
Customer centric. We involve our customers throughout the product development cycle
to ensure we deliver real value with our portfolio of solutions. We provide them with thesupport they need through constant communication, and we do all of this because,behind every sample, there is a human being.

All these values are designed to achieve a common goal: improving patient care andmaintaining Werfen’s good reputation and name, for the benefit of all.

All Werfen employees must successfully complete an online course regarding the standardsof the Code of Ethics. This course is conducted once a year for all new employees.
The main points developed in the code of ethics are:-Werfen values
Werfen employees: recruitment, training, responsibilities, and conflicts of interest,
among others.
The relationship with customers, suppliers, and public administrations.
4

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022-

Werfen products
The environment, health, and safety
The ethics channel.

Compliance Manual
Werfen has had a Compliance Manual since 2018. It consists of a set of policies that describe
the desired and expected behavior of everyone who forms a part of Werfen. These policies
are being deployed and include mitigating actions for the most significant risks. The mostnotable policies are:Description
Anti-corruption policy

Anti-discrimination
policyPolicyonmanagement

Object
The purpose of this policy is to establish theguidelines for action that all Werfen companies
must follow in order to avoid the risks of any
form of corruption in business.
andanti-abuse This defines Werfen’s commitment toestablishing a policy of equal treatment andopportunities in recruitment processes,
professional training, professional development,
working conditions, etc.
environmental
risk This ensures that the activities of Werfen’s
companies comply with the current regulatory
framework on environmental protection.

Policy on general risk management This defines the general organizational guidelines
measuresthat Werfen adopts in order to generate or
improve an organizational culture based on
ethical and regulatory compliance, for the
purpose of generating greater security for
employees,
shareholders,
and
other
stakeholders.

5

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Anti-money laundering policy

This guarantees that applicable laws on theprevention of money laundering and terrorist
financing will be fully respected in thedevelopment of Werfen’s business activities.

Policy for managing the
Ethics Channel and internal
investigations

The purpose of this document is to establish theguidelines for action regarding consultations
and/or complaints received through the ethics
channel.

These policies continue to be deployed, which involves them being distributed to all areas ofthe organization that are involved in such aspects, complemented by training initiatives,
according to the role and hierarchy of every member of Werfen.
The controls defined in these policies have been included within the scope of work programsand the scope of Internal Audit testing.
All the policies that form a part of the Compliance Manual are subject to periodic review toensure they are constantly adapted to regulatory changes and to possible events that might
affect their design or implementation, therefore modifying the relevant protocols in each caseand implementing the corresponding training actions.
In this regard, during fiscal year 2022 the Compliance Manual was reinforced with the launchof two additional policies. The first relates to defense of competition, and the second, tomanagement of conflicts of interest.
Risk management
In accordance with the Policy on general risk management measures, the administration
bodies and senior management of the Group’s entities adopt and promote a number ofmeasures aimed at preventing, detecting, and managing the risk factors faced by Werfen.
These factors are identified and grouped according to the following types, which include issues
related to the aspects that are developed in the following sections of this document(environmental and social aspects and those related to personnel, related to the fight against
corruption and bribery, and related to human rights and society):a. Strategic and business risks.
b. Operational and technological risks.
6

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
c. Financial, credit, counterparty, and fiscal risks.
d. Compliance and criminal liability risks.
e. Reputational risks
Werfen’s risk management model is based on four levels:
1.

The main responsibilities of the business areas that face risks when performing their daily activity
are the following: i) applying the compliance model defined by the management body of Werfen
companies, ii) identifying and reporting possible risks not considered in that model, and iii)
reporting conduct that violates the provisions of the Werfen compliance model.

2.

The main responsibility of the Compliance area is to define the regulatory and methodologicalframework for identifying, quantifying and managing compliance and criminal liability risks.

3.

The Risk Officer’s main responsibilities are to: i) provide a global and standardized view of theorganization’s risk levels, utilizing for this purpose an internal information and control system, andii) ensure effective implementation of the model.

4.

The Internal Audit area is responsible for verifying that the model is properly implemented andcomplied with.

Ethics Channel
Werfen has had an Ethics Channel since 2016, which serves as an additional risk control
mechanism. It is a direct and confidential communication channel available to all employees
for making any consultations regarding compliance issues or for reporting possible breachesof the Code of Ethics or the internal policies that implement the Code.
All issues that are raised are processed in accordance with the provisions of the Management
Policy of the Ethics Channel and of Internal Investigations, in order to investigate, resolve, andconclude the necessary measures.
In 2022, 13 complaints were received, of which 11 have been investigated and closed, and theremaining 2 are currently being investigated. Two complaints were received in 2021.

7

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022

Ethics Channel 2022
1

1 1

2
8

Discrimination

Working Harassment

Fraud

Conflict of interest

Corruption

Ethics Channel 2021

1

Discrimination

1

Regulatory breaches

In relation to the management of complaints through the Ethics Channel, and in accordancewith European Union Directive 2019/1937, on the protection of whistle-blowers, Werfen has
performed a GAP analysis of our current process with the requirements set out in the
aforementioned regulation. Despite the fact that the directive has not yet been transposed inseveral European Union countries, Werfen is committed to improving our ethics channel byacquiring a platform specialized in complaint management. This new tool will be implemented
during fiscal year 2023.

8

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Environmental aspects of the activity
Werfen is aware of the need to manage and limit the potential environmental impact of its
activities in the setting where they take place. The Group, therefore, pays special attention toprotecting the environment.
The Environmental Risk Management Policy determines the guidelines that ensure respect for
the regulatory framework on environmental protection, ensure the compatibility of Werfen’s
activities with sustainable development, and ensure attention to other social requirements on
this subject. The Policy includes the following points:--

Aspects related to the Environmental Management System (responsibilities related tothe system, integration into business processes).
Commitment to using processes, materials, services, and energies that contribute to
avoiding, eliminating, or reducing results that pollute or are hazardous to theenvironment, such as emissions, spills, radiation, noise and vibrations.
Consideration of environmental issues when selecting suppliers.
Special emphasis on proper waste management.
Control activities.

With regard to certification of the environmental management systems in accordance with
ISO 14001, adapted to the 2015 benchmark, it should be noted that all the actions carried out
during the financial year by the Group worldwide are aimed at rigorously complying with theregulations in force at all the facilities where the Group operates. Certification is subject toperiodic reviews by the competent authorities of each country. All Werfen companies are ISO
9001/13485 certified, and the main production units, representing about 80% of Werfen’ssales, are ISO 14001/2015 certified, including the production and research and development
centers in Bedford and Orangeburg, USA, and the distribution centers at Tarancón, Spain, andRoncello, Italy.

9

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
As part of the ISO 14001/2015 analysis, reports are prepared, thereby identifying the main
environmental aspects, as well as their impact, which is calculated based on an evaluation
system that is detailed below:
Description
High

MediumLow

A significant environmental impact has been identified. Control
processes or a management program is required.
A moderate environmental impact has been identified. It can beadequately controlled through existing work instructions, but
additional control measures or management programs could berecommended.
Little or no identified environmental impact. No additional control
measures are required.

No aspects classified as High/Significant according to the preceding table have been identified
without associated control mechanisms at any of the main Werfen production units.
Werfen owns property, plant, and equipment for environmental protection amounting to436.35 thousand euros (410.56 thousand euros in 2021), and it has incurred expenses forenvironmental protection and improvement amounting to 1,969,500 euros (1,362,290 euros
in 2021).
The total electricity consumption of all Werfen companies was 48.1 million kWh (44.8 in 2021).
Of this consumption, 92% corresponded to renewable energy sources (80% in 2021).
Social and employee-related issues
For Werfen, it is essential to promote a quality work environment, based on respect, equal
treatment and opportunities, diversity, and personal and professional development. The Codeof Ethics sets out the guidelines that must govern the ethical behavior of all employees in their
daily work and, specifically, in their relationships and interactions with all stakeholders.
Our employees are our greatest strength. For this reason, Werfen fosters professional skills,
encourages motivation, and supports diversity. We want Werfen to be a “workplace of choice”
thanks to its:-

Business acumen.
Product development pipeline.
10

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022-

Personal and professional growth and development opportunities.
Pleasant working environment based on the spirit of teamwork, respect, andconsideration.
Honest people.
Merit-based recognition.

Our actions are aimed at:
-

-

-

-

-

Ensuring equal opportunities and non-discrimination for any reason in all actions
targeted at selecting and recruiting new employees, therefore giving priority to talentand teamwork, which are so necessary for the sustainable development of thebusiness.
Fostering the careers of our employees at Werfen within the talent management andteamwork model, while providing them with all the means and tools they need tostrengthen their skills and competencies.
Ensuring a motivating work environment that favors internalizing recognition of theculture of effort, and transparently rewarding individual and team initiative related tocreation, development, and innovation in the different areas in which Werfen
operates.
Promoting, facilitating, and ensuring the actual implementation of flexibility
mechanisms that make it possible to achieve work-life balance and thus favor thehuman and social development of people by guaranteeing an optimal organization ofwork time.
Maintaining constant contact with employee representatives and social movements,
thereby allowing feedback for decision making.

Werfen has a corporate software tool that helps it manage the aforementioned commitments,
among other objectives.
Internal mobility is a basic pillar of the commitment to people, which is why the internal
mobility offer is made available to employees through digital communication platforms.

11

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Employment trends
As of December 31, 2022, Werfen had a total of 5,912 employees (5,643 at December 31,2021), an increase of 4.8%. On December 31, 2022, Werfen employed 2,659 women (2,538 at
December 31, 2021), equivalent to 45.0% of the total employees (45.0% in 2021). On
December 31, 2022, Werfen employed 3,253 men (3,105 at December 31, 2021), equivalent
to 55.0% of the total Werfen workforce (55.0% at December 31, 2021).
The tables below show the distribution of employees by geographic area, age group, andprofessional classification. The data refer to the final workforce for the year. There are no
significant differences with the average workforce registered during the year. It should be
noted that, although in 2021 the Thai subsidiary had not employees, this year is does havesome, which is why it has been included in the report.
2022
Employees
%
China
329
6%
Western Europe
2,611
44%
Eastern Europe, Middle East, and65
1%
AfricaLatin America
347
6%North America
2,267
38%
Rest of Asia-Pacific
293
5%
Total
5,912
100%

2021
Employees
294
2,557
65

%
5%
45%
1%

325
2,197
205
5,643

6%
39%
4%
100%

Under 30
Between 30 and 50
Over 50
Total

2022
733
3,393
1,786
5,912

2021
669
3,204
1,770
5,643

Senior Management
Managers
Technical
Clerical workers
Production operators
Total

2022
108
507
3,848
725
724
5,912

2021
111
473
3,626
713
720
5,643
12

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
The distribution of employees in 2022 and 2021 by country, gender, and age group is thefollowing:
2022 Employees
2022 Employees by age groupCountry
Women
Men
Total
Under 30
30 to 50
Over 50
Total
Germany
Australia
Austria
BelgiumBrazilChina
Colombia
South Korea
Spain
FranceHong Kong
Hungary
India
Italy
Japan
Lithuania
MexicoNetherlands
PolandPortugal
UnitedKingdom
Czech Rep.
Switzerland
ThailandTaiwanUSA
Uruguay
Total

93
18
2
8
43
129
32
23
860
34
13
3
9
135
16
5
59
7
17
69
40

89
23
8
17
40
200
21
29
832
49
9
7
56
225
70
8
133
14
14
71
58

182
41
10
25
83
329
53
52
1,692
83
22
10
65
360
86
13
192
21
31
140
98

8
4
2
4
14
37
11
5
175
10
1
1
2
29
0
1
27
0
1
9
15

82
25
1
13
63
289
39
39
1,056
53
18
4
58
181
53
6
142
7
16
85
56

92
12
7
8
6
4
3
8
461
20
3
5
5
150
33
6
23
14
14
46
27

182
41
10
25
83
329
53
52
1,692
83
22
10
65
360
86
13
192
21
31
140
98

4
0
7
6
1,020
7
2,659

7
0
3
11
1,247
12
3,253

11
0
10
17
2,267
19
5,912

0
0
1
1
373
2
733

10
0
9
12
1,063
13
3,393

1
0
0
4
831
4
1,786

11
0
10
17
2,267
19
5,912
13

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
2021 Employees
Country
Germany
Australia
Austria
BelgiumBrazilChina
Colombia
South Korea
Spain
FranceHong Kong
Hungary
India
Italy
Japan
Lithuania
MexicoNetherlands
PolandPortugal
UnitedKingdom
Czech Rep.
Switzerland
TaiwanUSA
Uruguay
Total

2021 Employees by age group

Women

Men

Total

Under 30

30 to 50

Over 50

Total

95
17
3
9
37
110
20
20
824
32
16
3
8
134
13
5
60
6
16
75
40

87
20
6
10
33
184
25
29
771
49
11
7
52
217
64
8
133
15
15
69
55

182
37
9
19
70
294
45
49
1,595
81
27
10
60
351
77
13
193
21
31
144
95

13
3
0
3
9
38
6
3
146
11
3
2
3
20
0
1
28
0
2
12
12

86
26
4
11
57
252
36
38
1,013
49
21
3
53
179
50
5
143
5
16
85
55

83
8
5
5
4
4
3
8
436
21
3
5
4
152
27
7
22
16
13
47
28

182
37
9
19
70
294
45
49
1,595
81
27
10
60
351
77
13
193
21
31
144
95

4
0
5
979
7
2,538

7
0
10
1,218
10
3,105

11
0
15
2,197
17
5,643

0
0
1
350
3
669

10
0
13
988
6
3,204

1
0
1
859
8
1,770

11
0
15
2,197
17
5,643

14

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
The following tables present the results of the analysis of the forms of contract used in theGroup, by gender, age, and professional classification, as well as the classification by type ofworking day:Form of contract

Women
Men
Total
%

Under 30
Between 30
and 50Over 50
Total

SeniorManagement
Managers
Technical
Clerical workers
Production
operators
Total

2022
Permanent Temporary
2,533
126
3,078
175
5,611
301
95%
5%
2022
Permanent Temporary
681
52
3,155
238
1,775
5,611

11
301

2022
Permanent Temporary
101
7

Total
Permanent
2,659
2,398
3,253
2,926
5,912
5,324
100%
94%
Form of contract
Total
733
3,393

Permanent
599
2,963

1,786
1,762
5,912
5,324
Form of contract2021
Temporary
140
179
319
6%

Total
2,538
3,105
5,643
100%

2021
Temporary
70
241

Total
669
3,204

8
319

1,770
5,643

Total
111

Total
108

Permanent
1032021
Temporary
8

475
3,622
696
717

32
226
29
7

507
3,848
725
724

446
3,387
673
715

27
239
40
5

473
3,626
713
720

5,611

301

5,912

5,324

319

5,643

15

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Type of Day

Women
Men
Total
%

Full-time
2,547
3,239
5,786
98%

2022
Part-time
112
14
126
2%

Total
2,659
3,253
5,912
100%

Full-time
2,438
3,086
5,524
98%

2021
Part-time
100
19
119
2%

Total
2,538
3,105
5,643
100%

Total
669
3,204

Type of Day

Under 30
Between 30 and
50
Over 50
Total

Full-time
723
3,308

2022
Part-time
10
85

Total
733
3,393

Full-time
659
3,125

2021
Part-time
10
79

1,755
5,786

31
126

1,786
5,912

1,740
5,524

30
119

1,770
5,643

Total
111

Type of Day

SeniorManagement
Managers
Technical
Clerical workers
Production
operators
Total

Full-time1082022
Part-time
0

Total
108

Full-time111

2021
Part-time
0

506
3,789
693
690

1
59
32
34

507
3,848
725
724

472
3,576
681
684

1
50
32
36

473
3,626
713
720

5,786

126

5,912

5,524

119

5,643

With regard to permanent intermittent employment contracts, during 2022 there were a totalof 130 dismissals. In 2021, the figure was 166 dismissals.
Of the total dismissals in 2022, 73 corresponded to men (107 in 2021) and 57 to women (59in 2021).
16

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
By age group, a total of 18 permanent contracts were discontinued during 2022 for the up-to30 age group, 69 for the age group between 30 and 50 years, and 43 contracts for the over50 age group (comparable figures for 2021 were, respectively, 19, 108, and 39).
The following table provides a breakdown of dismissals according to professionalclassification:
Senior Management
Managers
Technical
Clerical workers
Production operators
Total

2022
6
28
72
18
6
130

2021
1
14
111
26
14
166

The average remuneration, expressed in thousands of euros, is the following:
Average remuneration by gender
Women
Men

2022
66,02285,8522021
59,49680,281

2022
45,53369,408104,1152021
42,24660,719100,2632022
62,936
106,944
47,63958,692
31,9882021
61,996
93,16941,78956,56229,490

Average remuneration by age group
Under 30
Between 30 and 50
Over 50
Average remuneration by geographic area
EuropeUSA
China
Rest of Asia-Pacific
Latin America

17

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Average remuneration by professional classification
2022
Senior Management404,625
137,813Managers
Technical
69,061
Clerical workers
60,42943,787
Production operators

2021
382,459
124,452
63,81756,562
37,760

The average remuneration of directors (individuals) and of senior management, broken down
by gender, is the following (data in thousands of euros):
2022
2021
No. ofAverageNo. ofAveragepeopleremuneration
peopleremuneration
Total
112
398,701
113
380,999
Women
29
274,90528
234,636Men
83
441,95485
426,135
The wage gap is 5% for 2022 (6% in 2021), obtained by weighting the wage gaps (excess of theaverage remuneration of men over that of women divided by the average remuneration ofmen) of each group of employees in the same age range and professional category in eachgeographic area, based on the relative weight of the number of employees in each group.

Digital disconnect
In some of the countries in which Werfen operates (Spain, Portugal, France, Colombia, Mexico,etc.), there are local regulations regarding the employee's right to digital disconnection fromthe employer. These are usually recent. Following the change in priorities due to thepandemic, the policy on Digital Disconnection has been implemented, thereby complying withthe provisions of Article 88 of Organic Law 3/2018.

Training
Training is a key element for Werfen. During the year ended December 31, 2022, and basedon the Company’s records, a total of 80,522 training actions were conducted, with an
18

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
estimated 795,000 hours given (59,658 actions and 570,000 hours in 2021). The distribution
according to professional classification is the following:

Senior Management
Managers
Technical
Clerical workers
Production operators
Total

2022 Hours

2021 Hours

15,89447,683445,044
15,894
270,205
794,722

22,81579,852
330,815
22,815144,074
570,370

Health and safety
Werfen’s activities are planned and carried out with the safety, health, and well-being ofpeople being critical and the most important aspect. Health and safety at work, as it is set
forth in the Code of Ethics, constitutes a strategic and inalienable commitment for the Group,
which is embodied in:-

Taking measures aimed at complying with local laws on this matter.
Ensuring that any potential risk situation that could affect workers or the safety of the
facilities is notified, evaluated, and managed as efficiently as possible.
Working to maintain a risk-free work environment by integrating the prevention ofoccupational risks and actions for protecting and promoting health and well-being intobusiness management.

The number of absentee hours was 279,217 in 2022 (compared to 236,308 in 2021). Of thistotal, 270,992 hours of absenteeism were due to common illnesses (229,952 in 2021). There
were no hours of absenteeism due to occupational illnesses (1,911 in 2021), and the remaining
8,226 hours of absenteeism were due to work-related accidents (4,445 hours in 2021).
In 2022, no hours of absenteeism attributable to occupational illnesses were recorded; in2021, 189 hours corresponded to women and 1,722 hours to men.

19

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
The summary statistics of accidents at work are the following:

Total No. of accidents
Frequency rate (*)
Severity rate (**)

Women
37
7.70
0.14

2022
Men
24
4.10
0.07

Total
61
5.72
0.10

Women
26
5.64
0.11

2021
Men
21
3.70
0.06

Total
47
4.57
0.08

*Frequency rate: (No. accidents / No. hours worked) x 106**Severity rate: (No. of days lost / No. of hours worked) x 103

Social relations
The Group and its component companies have internal communication mechanisms thatenable all employees to be informed, compiling their opinions and perspectives, and making
decisions in line with those opinions, subsequently carrying out actions aimed at complying
with local laws on the matter of labor relations.
Werfen employees in the following countries are covered by a collective bargaining
agreement: Spain, Italy, Portugal, Austria, France, Mexico, Belgium, South Korea, Brazil, andUruguay, which is approximately 49% of Werfen’s global workforce (45% of Werfen’s
workforce in 2021). In addition, there are formal works councils in most of the subsidiaries in
Spain, and in Italy, Germany, France, Mexico, Lithuania, Portugal, Brazil, South Korea, andHong Kong.
We consult, inform and negotiate aspects that have a significant impact on our employeeswith their legal representatives. Werfen has other mechanisms and procedures to promote
employee involvement in the management of the company, including:---Werfen Voices: a survey of all employees is conducted every two years, with participation ofaround 88%. The questions include evaluation of leadership, management, communication,
collaboration in the company, and degree of satisfaction and commitment to the company.
The survey results are shared at the level of each organizational unit, and action plans aredefined with initiatives to improve aspects with lower scores. Employees are involved in
implementing these action plans.
Focus groups: before launching new HR processes and programs at a global level, meetings
and questionnaires are used to gather opinions, perspectives and suggestions for design andimplementation. These are incorporated into the final development of the program.
Innovation initiatives are encouraged at the local level, through committees that gather
employee initiatives, for optimizing and improving existing processes and products, and for20

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
launching new processes and products. After initial evaluation, the initiatives selected aredeveloped under the supervision of a committee member and presented to the Management
Committee, which decides on their implementation.

In the field of health and safety at work, the collective bargaining instruments applicable toWerfen’s main subsidiaries regulate the operation of the applicable preventive action
mechanisms, such as health and safety committees or similar, prevention services and plans,required training actions, etc.
Efforts in this area are aimed not only at complying with current regulations, but also atpromoting a prevention-based culture. As examples of measures that go beyond merecompliance, the agreements of several of our subsidiaries include aid for private healthcoverage and expanding medical examinations to tests of a general nature that are not strictly
related to monitoring health for a specific job position.

Equality and accessibility
Werfen encourages non-discrimination by reason of birth, race, gender, religion, opinion, or
any other personal or social condition or circumstance of its employees, as well as equal
opportunities, while paying special attention to diversity and including people with different
abilities.
The companies in the Group have internal processes that encourage employees to apply forinternal vacancies and continue their professional development without making a distinction
between gender. These internal processes promote employee diversity and the transfer oftalent between the Group’s various companies. There are formal values that are common to
the Group, which promote respect and avoid discrimination, in addition to formal action
protocols that protect employees in the event of any type of harassment. The Code of Ethics
describes the responsibilities that the Group’s staff members must comply with at all times inthis regard.
During the year, the Group continued to implement actions on equality between men andwomen, aimed at complying with local laws, as well as universal accessibility for people withdisabilities.
The equality plans signed to date for the Group’s Spanish companies, which cover more thanhalf of the workforce in Spain, provide measures in areas such as training and information,
21

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
communication and non-sexist language, recruitment and promotion, preventing harassment
and detecting cases of gender-based violence, work-life balance, and the wage gap.
Within the framework of the Group’s commitments to diversity, it aims to avoid physicalbarriers in order to facilitate the effective integration of employees with disabilities. During2022, the number of employees with a disability was 36 (31 employees in 2021).

Respect for human rights
Werfen is committed to improving the health and well-being of people in all the regions where
it operates, therefore seeking to provide knowledge, management capacity, and innovation,
as well as devoting part of its profits to social investment.
The Group demonstrates its commitment to respecting the inherent rights of all people inaspects such as:-

equal treatment and opportunities,emphasis on health and safety in its operations,promoting strict compliance with legislation in every area, including labor,
promotion of training, science awareness, and education in general,
extending work-life balance measures, andin general, the principles set forth in the anti-discrimination and diversity promotion
policy.

Anti-corruption and bribery
The Anti-Corruption Policy sets forth the principles that must guide the conduct of all theemployees and administrators of Werfen companies with regard to preventing, detecting,investigating, and remedying any corrupt practice within the organization.
Internal guidelines emphasize the need to transmit the Group’s culture of integrity withrespect to complying with any legislation on corruption and with the principles on which it isbased. Any possible breaches are analyzed in accordance with internal procedures, legal
regulations, and current agreements.

22

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
During the 2022 financial year Werfen continued its online training program on the
Compliance Manual, launching eight new courses focused on reinforcing awareness of its
various aspects. Moreover, 64 live sessions were held (using the Teams platform) to refresh
requirements for interactions with healthcare professionals and organizations, as well as
management of the reporting channel. A total of 1,744 employees participated in these63 training sessions.
These anti-corruption training and awareness-raising initiatives are not limited to internal
personnel but also extend to business partners. In 2022, Werfen continued its anti-corruption
training program for its distributor network. 52 new distributors got involved in this program,
representing a total of additional 405 participants. The geographical scope of this project
covers areas in which Werfen operates through distributors.
Highlights of the actions carried out during the year by the Group in the area of anticorruption, aimed at complying with the local laws on this matter, include the following:
-

-

-

-

Monitoring possible modifications in the codes of conduct of the main industrial
associations of which Werfen or its companies are members, thereby ensuring thatinternal protocols remain adapted to those codes, while also maintaining the existingcertifications in this regard.
All Group companies have strictly adhered to the indirect sponsorship model tofinancially support educational events organized by third parties for promoting scienceawareness in areas of relevance to Werfen.
Publication of the training grants awarded to customers, in accordance with the laws
in force and the codes of conduct of the Industrial associations of which we form apart.
The Fair Market Value procedure, focused on ensuring that the remuneration paid tohealthcare professionals for their services is consistent with the average market value,
the duration of the event, their medical specialty and their professional category, has
become one of the key controls in the anti-corruption area. 730 consulting contracts
were reviewed in 2022 applying this control procedure.

Werfen has had a due diligence procedure for business partners in place since 2016. The
procedure defines the obligations of business partners and Werfen’s admission policies,
thereby implementing the requirements of the Anti-Corruption Policy and the Anti-money
Laundering Policy. In 2021, the implementation of the Due Diligence platform was completed.
This technology solution sought to streamline, automate, and ensure that Werfen’s business23

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
partners meet our ethics and compliance standards. 182 new business partners were analyzed
in 2022.
Fiscal year 2022 witnessed the definitive launch of the compliance audit program for business
partners. This project was developed in 2021 as a pilot project, and it was consolidated during
fiscal year 2022 with a total of 23 audits completed. All audits were conducted remotely
except for one, which was in person. The geographic scope of this project was initially focusedin Latin America and Eastern Europe, although an audit in Saudi Arabia and another one inJapan are also worth mentioning. By 2023, the program is expected to continue with a scopeof 30 companies to be audited, adding territories such as China, Korea, Japan, and Southeast
Asia.
The success of these anti-corruption measures and others was recognized in May 2022, when
Werfen obtained the ISO 37001 certification in anti-bribery management systems.
During 2022, the contributions made to foundations and non-profit organizations amounted
to approximately 9.3 million euros (8.9 million euros in 2021).

Subcontracting and suppliers
Every Werfen company has product and/or service providers that are officially approved,
whose capacity has been initially supervised and subsequently monitored by each of thecompanies. This is all framed within the internal procedures for the continuous evaluation of
suppliers within the Quality Systems, based on ISO 9001:2015 and/or ISO 13485:2016. The
supplier evaluations by Werfen companies with ISO 14001 certification include verifying
whether suppliers have environmental certification such as ISO 14001 or similar.
Consequently, based on the criticality and type of supplier, they are evaluated either throughthe documentation provided or, in the case of critical suppliers, through on-site audits.
The number of quality audits conducted in 2022 (and in 2021, for comparison purposes) isdetailed below.

Favorable Result
Unfavorable Result
Total

2022

2021

72
0
72

100
1
101
24

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
During 2022, as a result of the COVID-19 pandemic, 38 of the 72 audits conducted took placeremotely.
In the event that the result of an audit is unfavorable, a corrective action plan is agreed withthe supplier to resolve the issues detected.

Consumers
All the products manufactured and marketed by Werfen companies are intended for use byprofessionals, mainly in the healthcare sector, research, and industry.
The manufacturing of medical devices and medical devices for specialized diagnostics is highly
regulated. Products are therefore designed and manufactured based on applicableinternational and other laws, and in accordance with the product’s function, date of
manufacture and markets: Directive 93/42/EC and Regulation 2017/745 on medical devices,
Directive 98/79/EC, and Regulation 2017/746 on specialized diagnostics products, FDA US
510k, China NMPA, etc.
Werfen’s companies have their own Monitoring System to control the use and possible
adverse events of Medical Devices and Medical Devices for Specialized Diagnostics throughout
their life cycle on the market.
All the requirements and processes of the Monitoring System are described in the procedures
integrated in the Quality Systems based on ISO 9001:2015 and/or ISO 13485:2016, and they
are updated periodically in the event of changes to applicable legislation.
For Medical Devices or Medical Devices for Specialized Diagnostics, there is an obligation to
include technical data and information on use of the products on their respective labels,
specifications, instructions for use, or user manuals. This documentation, aimed at users of
the products, is prepared in accordance with legislation and while paying special attention to
the potential risks of the product and possible mitigations based on the EN ISO 14971:2012
standard.
All Werfen companies have a system for registering and resolving complaints received fromusers of the products regarding product quality.

25

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
Following the specific procedures in the Quality Systems, each claim is documented andinvestigated by qualified personnel, and the respective actions are implemented. These
actions may involve corrections, corrective actions, and/or preventive actions according toeach case.
There were 88,777 claims handled by Werfen manufacturing centers in 2022 (65,154 in 2021).
Werfen companies have a System for Product Recall from the Market in the event that the
product manufacturer or a competent authority requires it.
These procedures, included within the Quality System, ensure that the affected products aredetected, that customers are informed, and that the affected units are recalled from themarket in order to minimize risks. When necessary, the competent health authorities are
informed of product recalls.
This activity is reviewed periodically through internal audits.

Tax Information
Werfen gives priority attention to obeying the letter and complying with the spirit of all tax
regulations in force in each of the countries where it operates.
Werfen’s tax policy, approved by the Board of Directors, encompasses a series ofcommitments such as not transferring the value created to low-tax jurisdictions, avoiding tax
structures that are not commercial in nature and prohibiting the evasion of taxes using
secrecy jurisdictions and/or tax havens, among others.
For the financial years ended December 31, 2022 and 2021, the following table shows thebreakdown (in thousand euros) of the profit (loss), before corporate income tax, earned by
the Werfen subsidiaries in the countries where they operate, as well as the corporate income
tax actually paid.
2022

Germany
Australia
Austria

Profits (Loss)before Tax
3,824
1,630
1,431

Corporate
Income Tax Paid
979
102
49

Profits (Loss)before Tax
1,715
1,186
242

2021
Corporate Income
Tax Paid-416
7-1,76926

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
2022

BelgiumBrazilCanadaChina
Colombia
South Korea
Spain
FranceGreeceHong Kong
Hungary
India
Italy
Japan
Lithuania
MexicoNew
ZealandNetherlands
PolandPortugal
UnitedKingdom
Czech Rep.
Switzerland
ThailandTaiwanUruguayUSA
Total

Profits (Loss)before Tax474-2,099764
27,770-1,705-238
172,745
1,261
-55
-372
208
373
37,631
1,598
91
9,188
12

Corporate
Income Tax Paid
248
7
330
7,931
192
76
55,244
1,066
0
28
36
613
6,244
253
17
743
0

Profits (Loss)before Tax
861-4,439451
31,203-1,051
338
233,026
1,623
-62
566
372
1,190
37,384
1,435
148
5,276
-2

2021
Corporate Income
Tax Paid
450
7
387
9,405
-62
457
47,776
202
0
158
57
91
7,664
257
9
1,823
0

208
338
4,592
1,502

140
15
145
248

535
774
8,459
2,202

159
213
6,285
551

273
4,556
19
9
609
66,801

15
388
0
89
-97
27,940103,044

185
4,850
0
483
-480
149,740

1
0
0
136
276
26,182
100,306

In FY 2022, grants in the amount of 257,213 euros were received by Werfen subsidiaries
from public bodies (no grants had been received in 2021).
27

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022
APPENDIX I. Table of reference to the requirements of Law 11/2018
For the 2022 financial year, this Non-Financial Information Statement (NFIS), which is part of
the Consolidated Management Report for the 2022 financial year for Werfen, S.A. and its
subsidiaries, complies with the general provisions of Law 11/2018, of December 28, whichamends Articles 44 and 49 of the Spanish Commercial Code regarding non-financial
information and diversity. The standards of the Global Reporting Initiative listed in Appendix Iof this Non-Financial Information Statement provide a reference framework.

Areas

Content

Business modelA brief description of the group’sbusiness model, which will include:
1.) Its business environment,
2.) its organization and structure,3.) the markets in which it operates,
4.) its objectives and strategies,
5.) the main factors and trends that
may affect its future evolution.
A description of the group’s policies
on these issues, which will include:
1.) the due diligence procedures
applied to identify, evaluate, prevent,and mitigate risks and significant
impacts
2.) the verification and control
procedures, including what measures
have been adopted.
The principal risks related to thoseissues linked to the group’s
operations, including, where relevant
and proportionate, its business
relationships, products, or services
that are likely to cause adverse
impacts in those areas.
Key non-financial performanceindicators that are relevant to thespecific business activity and thatmeet the criteria of comparability,
materiality, relevance, and reliability.
Global Environment1.) Detailed information about thecurrent and foreseeable effects of thecompany’s activities on theenvironment and, where appropriate,on health and safety and on

Policies

Risks

Key non-financial
performanceindicators

Environmental issues

Related GRI
standards

Page of the 2022
EINF

2-1, 2-6

1, 2, 33-3

3, 4, 5, 6

3-3, 207-2

5, 6, 7

2-7, 201-4, 405-1,
405-2, 413-1

8, 9, 10, 12, 13,
14, 15, 16, 17, 18,
19, 20, 22, 25

3-3, 2-23

9, 10, 11Limitations / Omissions

28

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022

Areas

Content

Related GRI
standards

environmental evaluation or
certification procedures;
2.) The resources allocated topreventing environmental risks;
3.) Application of the precautionary
principle, the amount of provisions
and guarantees for environmental
risks. (e.g., derived from theenvironmental responsibility law).
Pollution
Measures to prevent, reduce, or
repair carbon emissions that seriously
affect the environment; taking into
Not material
account any form of air pollution
specific to an activity, including noiseand light pollution.
Circular economy and waste prevention and management
Circular economy
Not material
Waste: Measures on prevention,
recycling, reuse, and other forms of
Not material
waste recovery and disposal;
Actions to combat food waste.
Not material
Sustainable use of resources
And water consumption and supply in
Not material
accordance with local limitations;
Consumption of raw materials and themeasures adopted to improve
Not material
efficiency in the use thereof;
Direct and indirect energy
consumption, measures taken to
Not material
improve energy efficiency and the useof renewable energy.
Climate Change
The relevant elements of greenhousegas emissions generated as a result of
Not material
the company’s activities, including useof the goods and services it produces;
Measures taken to adapt to theNot material
consequences of climate change;
The reduction goals establishedvoluntarily in the medium and longterm to reduce greenhouse gas
Not material
emissions and the means that are
implemented for this purpose.

Page of the 2022
EINF

Limitations / Omissions

-

-

-

-

-

-

Protection of biodiversity

29

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022

Areas

Social and employeerelated issues

Content
Measures taken to preserve or restore
biodiversity.
Impacts caused by activities oroperations in protected areas.
Employment
Total number and distribution of
employees by gender, age, country,
and professional classification;
Total number and distribution oftypes of employment contracts,
Annual average of permanentcontracts, temporary contracts, andpart-time contracts by gender, age,and professional classification,
Total number of dismissals by gender,
age, and professional classification;
Average salaries and the evolution
thereof broken down by gender, age,and professional classification orequal value;
Wage gap, remuneration for equal job
positions or the average remunerationin the company,
The average remuneration of
directors and executives, including
variable remuneration, expense
allowances, compensations, payment
to long-term savings or pension
systems and any other wage concept
received, broken down by gender,
Implementation of right-to-disconnect
policies,
Employees with disabilities.
Organization of work
Organization of work time
Number of hours of absenteeism
Measures designed to facilitate worklife balance and promote the exerciseof co-responsibility by both parents.
Health and safety
Health and safety conditions at work;
Work accidents, in particular theirfrequency and severity,
Occupational diseases, broken down
by gender.
Social relations

Related GRI
standards

Page of the 2022
EINF

Not material-

Not material-

3-3, 2-7, 405-1

12, 13, 14, 15, 16

2-7

15

2-7, 405-1

16

2-7

16.17

405-2

17, 18

405-2

18

3-3

18

3-3

18

405-1

22

3-3
403-2

21, 22
19.20

3-3

18

3-3

19.20

403-2

20

3-3

20

Limitations / Omissions

30

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022

Areas

Respect for humanrightsContent
Organization of social dialog, including
procedures for informing, consulting,and negotiating with personnel;
Percentage of employees covered bycollective bargaining agreements, bycountry:
The assessment of collective
agreements, particularly in the field ofhealth and safety at work.
Training
Policies implemented in the field oftraining;
The total number of training hours byprofessional category.
Universal accessibility for people
with disabilities
Equality
Measures taken to promote equal
treatment and opportunities between
women and men;
Equality plans (Chapter III of Organic
Law 3/2007, of March 22, for theeffective equality of women andmen), measures adopted to promote
employment, protocols against sexualand gender-based harassment,
integration, and universal accessibility
for people with disabilities;
The policy against all types of
discrimination and, whereappropriate, for diversity
management.
Human rights
Application of due diligenceprocedures on human rights.
Prevention of the risks of humanrights violations and, whereappropriate, measures to mitigate,
manage, and repair possible abuses
that are committed;
Complaints due to cases of humanrights violations;
Promotion and compliance with theprovisions of the fundamental
conventions of the International
Labour Organization related toRelated GRI
standards

Page of the 2022
EINF

3-3

20, 21

2-30

20

3-3

20

3-3

23, 24

3-3

19

3-3

21, 223-3

21, 22

3-3

22

3-3

5.22

3-3, 2-23, 2-26

22

406-1

8

3-3

20, 21

Limitations / Omissions

31

WERFEN, S.A. AND SUBSIDIARIES
Non-Financial Information Statement for 2022

Areas

Anti-corruption andbribery

Company

Content

Related GRI
standards

respect for the freedom of associationand the right to collective bargaining;
Elimination of discrimination in
3-3
employment and occupation;
The elimination of forced or
3-3compulsory labor;
The effective abolition of child labor.
3-3
Corruption and bribery
Measures taken to prevent corruption
3-3, 2-23, 2-26,
and bribery;
205-2
Measures to combat money
205-2
laundering,Contributions to foundations and non413-1
profit entities.
Company commitments to sustainable development
The impact of the company’s activity
on employment and local
Not material
development;
The impact of the company’s activity
on local populations and in the
Not material
territory;
Relationships with the actors of local
communities and the forms of dialog
Not material
with them;
Association or sponsorship actions.
Subcontracting and suppliers
The inclusion of social, genderequality, and environmental issues in
the procurement policy;
In relationships with suppliers andsubcontractors, the consideration of
their social and environmental
responsibility;
Oversight and audit systems and theirresults.
Consumers
Measures for the health and safety of
consumers;
Complaint systems, complaints
received, and the resolution thereof.
Tax Information
Profits earned, country by country;
Corporate Income Tax Paid;
Public grants received.

Page of the 2022
EINF

Limitations / Omissions

21, 2222
22
23, 24
24
25

-

-

-

2-28

25

2-6, 3-3

25

3-3

25

3-3

26

3-3

26.27

3-3
3-3
201-4

27, 2827, 2829

32

Werfen, S.A.
and subsidiaries
lndependent Verification Report
Consolidated Non-Financia! lnformation Statement
31 December 2022

pwc
A free translation from the original in Spanish
This version of our report is a free translation of the original, which was prepared in Spanish. Al/ possible care has
been taken to ensure that the translation is an accurate representation of the original. However, in al/ matters ofinterpretation of information, views or opinions, the original language version of our report takes precedence over thistranslation.

Independent verification report
To the shareholders of Werfen S.A.:
Pursuant to article 49 of the Code of Commerce , we have verified , with the scope of a limited
assurance engagement, the accompanying Consolidated Statement of Non-Financia! lnfarmation("SNFI") far the year ended 31 December 2022 of Werfen S.A. (Parent company) and subsidiaries(hereinafter "Werfen" or the Group) which forms part of the Werfen 's consolidated management report.
The content of the SNFI includes information additional to that required by current mercantile
legislation in relation to non-financia! information, which has not been covered by our verification work.
In this respect , our work was limited solely to verifying the infarmation identified in the table"APPENDIX l. Table of reference to the requirements of Law 11/2018" included in the accompanying
SNFI.
Responsibi lity of the directors of the Parent company
The preparation of the SNFI included in Werfen's consolidated management report and the content
thereof, are the responsibility of the directors of Werfen S.A. The SNFI has been drawn up inaccordance with the provisions of current mercantile legislation and following the criteria of the
Sustainability Reporting Standards of the Global Reporting lnitiative ("GRI Standards") selected as per
the details provided far each matter in the table "APPENDIX l. Table of reference to the requirementsof Law 11/2018" of the afarementioned Statement.
This responsibility also includes the design , implementation and maintenance of the interna! control
considered necessary to allow the SNFI to be free of material misstatement due to fraud or error.
The directors of Werfen S.A. are also responsible far defining , implementing, adapting andmaintaining the management systems from which the information required to prepare the SNFI is
obtained .
Our independence and quality management
We have complied with the independence requirements and other ethical requirements of thelnternational Code of Ethics far Professional Accountants (including lnternational lndependenceStandards) issued by the lnternational Ethics Standards Board far Accountants ("IESBA Code") which
is faunded on fundamental principies of integrity, objectivity, professional competence and due care ,confidentiality and professional behaviour.
Our firm applies current international quality standards and maintains, consequently, a quality systemthat includes policies and procedures related to compliance with ethical requirements , professional
standards and applicable legal and regulatory provisions.
The engagement team consisted of professionals specialising in Non-financia! lnformation reviews ,specifically in infarmation on economic, social and environmental performance .

· PricewaterhouseCoop er s A uditor es, S.L., A uing uda Diagonal, 640, 08017 Bm·celona, Espa ña
Tel .: +34 932 532 700 / +34 902 021 111, Fax: +34 934 059 032, www .p w c.es
R.M. Madrid. hoja 87.250-1 , fo lio 75, tomo 9.267, libro 8.054 , sección 3ª.
Inscrita en el R.O.A.C . con el número S0242 - CIF : 6-79 031290

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Our responsib ility
Our responsibility is to express our conclusions in a limited assurance independent report based on
the work we have performed . We carried out our work in accordance with the requirements laid downin the current lnternational Standard on Assurance Engagements (ISAE) 3000 Revised, Assurance
Engagements other than Audits or Reviews of Historical Financia! lnformation (ISAE 3000 Revised)issued by the lnternational Auditing and Assurance Standards Board (IAASB) of the lnternational
Federation of Accountants (IFAC) and in the Guidelines for verification engagements of the Statementof Non-Financia! lnformation issued by the Spanish lnstitute of Auditors ("Instituto de Censores
Jurados de Cuentas de España").
In a limited assurance engagement, the procedures performed vary in nature and timing of execution ,and are less extensive , than those carried out in a reasonable assurance engagement andaccordingly, the assurance provided is also lower.
Our work consisted of posing questions to management as well as to the various units of Werfen thatwere involved in the preparation of the SNFI , of the review of the processes for compiling andvalidating the information presented in the SNFI , and in the application of certain analytical procedures
and review procedures on a sample basis, as described below:•

Meetings with the Werfen personnel to understand the business model , policies andmanagement approaches applied, principal risks relating to these matters and to obtain theinformation required for the externa! review.

•

Analysis of the scope, relevance and integrity of the content of the SNFI for the year 2022 ,based on the materiality analysis carried out by Werfen, taking into account the content requiredby current mercantile legislation .

•Analysis of the procedures used to compile and validate the information presented in the SNFI
for the year 2022.

•

Review of information relating to risks , policies and management approaches applied in relation
to material matters presented in the SNFI for the year 2022 .

•Verification , by means of sample testing , of the information relating to the content of the SNFI
for the year 2022 and that it was adequately compiled using data provided by the sources of theinformation.

•

Obtaining a management representation letter from the directors and management of the
Parent company.

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Conclusion
Based on the procedures performed in our verification and the evidence we have obtained, nothing
has come to our attention that causes us to believe that the SNFI of Werfen S.A. and its subsidiaries ,far the year ended 31 December 2022 has not been prepared, in all material respects , in accordancewith the provisions of current mercantile legislation and following the criteria of GRI selected as per thedetails provided far each matter in the table "APPENDIX l. Table of reference to the requirements of
Law 11 /2018" of the aforementioned Statement.
Use and distribution
This report has been drawn up in response to the requirement established in current Spanish
mercantile legislation and therefore may not be suitable far other purposes and jurisdictions .
PricewaterhouseCoopers Auditores , S.L.

PRICEWATERHOUSECOOrEri.S ¡\~:C; :¡·o~ES, S.L.
Original in Spanish signed byJorge Joaquín Azofra Lluch
22 March 2023

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