PANDORAGRI AND SASBINDEX TABLES
2022

GRI INDEXTABLE

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLEGRI INDEX TABLE
GRI is an independent, international organisation that provides widely used standards for corporate
sustainability reporting. The following GRI index table indicates alignment with the GRI Standard (Core
option) with Pandora’s Sustainability Report 2022.

GENERAL DISCLOSURESGRI #GRI disclosure name

Section(s)Notes / omissions

GRI #GRI disclosure name

Section(s)2-1Organisation details

Cover page

More details in the Corporate
governance section of Pandora’s
Annual Report 2022, pages
35-38.

2-3

Reporting period, frequency
and contact point

About this report, page 51

2-4

Restatements of information

Not applicable

2-5

External Limited Assurance

Independent auditor's limited
assurance report, pages 62-63

Sustainability governance, pages
36-38
Materiality and sustainability
strategy, pages 8-10
Low-carbon business, pages
12-15
Circular innovation, pages 17-19
Inclusion and diversity, pages
21-23
Sustainability data, pages 52-60
2-2

Entities included in the organisation's sustainability reportingSee notes

See Parent company financial
statements in the Annual Report
2022, page 96, which provides
an overview with all the companies in Pandora Group.

Notes / omissions

3

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLE

GENERAL DISCLOSURESGRI #GRI disclosure name

Section(s)Notes / omissions

GRI #GRI disclosure name

Section(s)2-6Activities, value chain and otherbusiness relationships

Our business model, page 7

More details in the Executive
Summary section of Pandora’s
Annual Report 2022, pages 7-9.

2-8Workers who are not employees

Inclusion and diversity, pages
21-23

Sustainability at a glance, page 6

Human rights, pages 26-30

Low-carbon business, pages
12-15

Sustainability data, pages 52-60
2-9

Circular innovation, pages 17-19
Responsible sourcing, pages
31-33

Governance structure andcomposition

Stakeholder engagement, pages
48-49

Employees

2-22

Inclusion and diversity, pages
21-23

The following data is not available for reporting purposes:

Sustainability data, pages 52-60• Data on employees by typeof employment contract(permanent and temporary),by gender

Total number of employees,
and a breakdown of this total byregion and gender, see Pandora
GRI and SASB index table 2022,
page 11

Sustainability governance, pages
36-38
Stakeholder engagement, pages
48-49

Health and safety, page 34

2-7

Notes / omissions• Data on employees by typeof employment contract(permanent and temporary),
by region• Total number of employees by
employment type (full-timeand part-time), by gender
Pandora strives to improveglobal people data scope andquality in the following year(s).

Statement on sustainable development strategy

Letter from our CEO and ourChair of the Board, page 5

More details about committees
can be found in the Corporate
governance section of Pandora's
Annual Report 2022, pages
35-38.

4

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLE

GENERAL DISCLOSURESGRI #GRI disclosure name

Section(s)Notes / omissions

GRI #GRI disclosure name

Section(s)2-23

Policy commitments

Low-carbon business, pages
12-15

We use a precautionary approach, meaning we strive toprotect the environment evenin the absence of scientificcertainty or regulatory requirements.

3-1

Process to determine material
topicsMateriality and sustainability
strategy, pages 8-10

Inclusion and diversity, pages
21-23
Responsible sourcing, pages
31-33
Business ethics, pages 39-41
Sustainability governance, pages
36-38
2-27

Compliance with laws andregulations

Business ethics, pages 41-43

2-28

Membership associations

Stakeholder engagement, pages
48-49

2-29

Approach to stakeholder
engagement

Materiality and sustainability
strategy, pages 8-10
Stakeholder engagement, pages
48-49

2-30

Collective bargaining
agreements

Human rights, pages 26-30
Sustainability data, pages 52-60

We are not familiar with, norhave we identified, that Pandora has received any fines,
non-monetary sanctions, orbeen in non-compliance withenvironmental laws and/or
regulations with voluntary codes
in 2022.

About this report, page 51
3-2

List of material topics

Materiality and sustainability
strategy, pages 8-10

3-3Management of material topics

Materiality and sustainability
strategy, pages 8-10

102-56External assurance

Independent auditor's limited
assurance report, pages 62-63

Notes / omissions

5

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLE

GRI MANAGEMENT APPROACH

GRI ECNOMIC STANDARDSGRI #GRI disclosure name

Section(s)Notes / omissions

GRI #GRI disclosure name

Section(s)Notes / omissions

103-1

Explanation of the material
topic and its boundary

Materiality and sustainability
strategy, pages 8-10

Our material topics are displayed on page 8 of Pandora's
Sustainability Report 2022. Eachmaterial topic is described in its
corresponding section of the
Sustainability Report.

205-3

Confirmed incidents of corruption and actions taken

Business ethics, pages 41-43

We are not familiar with, norhave we identified, that Pandora has received any fines,
non-monetary sanctions, orbeen in non-compliance withenvironmental laws and/or
regulations with voluntary codes
in 2022.

103-2

The management approachand its components

See notes

Each material topic’s management approach is describedin its corresponding section of
Pandora's Sustainability Report
2022.

206-1

Legal actions for anti-competitive behaviour, anti-trust, andmonopoly practices

Business ethics, pages 41-43

Evaluation of the management
approach

See notes

We are not familiar with, norhave we identified, that Pandora has received any fines,
non-monetary sanctions, orbeen in non-compliance withenvironmental laws and/or
regulations with voluntary codes
in 2022.

207-1

Approach to tax

Business ethics, pages 41-43

More details about our approach to tax can be found in
the Results of the year sectionof Pandora's Annual Report
2022, pages 64-67.

103-3

An evaluation of each material
topic is described in its corresponding section of Pandora's
Sustainability Report 2022.

6

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLEGRI ENVIRONMENTAL STANDARDSGRI #GRI disclosure name

Section(s)301-2Recycled input materials used

Circular innovation, pages 17-19

Notes / omissions

GRI #GRI disclosure name

Section(s)305-1

Direct (Scope 1)
GHG emissions

Low-carbon business, pages
12-15

Sustainability data, pages 52-60

Notes / omissions

Sustainability data, pages 52-60
302-1

Energy consumption within
the organisation

Low-carbon business, pages
12-15

305-2

Sustainability data, pages 52-60

Energy indirect (Scope 2)
GHG emissions

Low-carbon business, pages
12-15
Sustainability data, pages 52-60

302-4

Reduction of energy
consumption

Low-carbon business, pages
12-15

305-3

Sustainability data, pages 52-60

Other indirect (Scope 3)
GHG emissions

Low-carbon business, pages
12-15
Sustainability data, pages 52-60

303-1

303-5

Interactions with water as ashared resource

Sustainability data, pages 52-60

Water consumption

Low-carbon business, pages
12-15

The following data is not available for reporting purposes:

Circular innovation, pages 17-19• Water consumption fromoffices and retail stores as
we are currently working toacquire it.

305-5

Sustainability data, pages 52-60

304-1

Operational sites owned, leased,managed in, or adjacent to,protected areas and areas ofhigh biodiversity value outside
protected areas

Low-carbon business, pages
12-15

Low-carbon business, pages
12-15
Sustainability data, pages 52-60

306-1

Waste generation and significant
waste-related impacts

Circular innovation, pages 17-19

306-2

Management of significant
waste-related impacts

Low-carbon business, pages
12-15

The following data is not available for reporting purposes:• Sites next to high biodiversity
areas for offices and retailstores.

Reduction of GHG emissions

Circular innovation, pages 17-19
306-3

Waste generated

Circular innovation, pages 17-19
Sustainability data, pages 52-60

The following data is not available for reporting purposes:• Waste generated from offices,
retail stores and distribution
centres as we are currently
working to acquire it.

7

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLEGRI ENVIRONMENTAL STANDARDSGRI SOCIAL STANDARDSGRI #GRI disclosure name

Section(s)Notes / omissions

GRI #GRI disclosure name

Section(s)Notes / omissions

306-4

Waste diverted from disposal

Sustainability data, pages 52-60

The following data is not available for reporting purposes:

401-1

New employee hires and employee turnover

Inclusion and diversity, pages
21-23

The following data is not available for reporting purposes:

Sustainability data, pages 54-62• The rate of new employee
hires during the reporting period, by gender and age group.

• Waste diverted from disposal
from offices, retail stores anddistribution centres as we are
currently working to acquire it.
306-5

Waste directed to disposal

Circular innovation, pages 17-19
Sustainability data, pages 52-60• Waste directed to disposal
from offices, retail stores anddistribution centres as we are
currently working to acquire it.
308-2

Negative environmental impacts inthe supply chain and actions taken

Responsible sourcing, pages
31-33

Pandora strives to improveglobal people data scope andquality in the following year(s).

The following data is not available for reporting purposes:
402-1

Minimum notice periods regarding operational changes

See notes

403-1

Occupational health and safety
management system

Health and safety, page 34

403-2

Hazard identification, risk
assessment, and incident investigation

Human rights, pages 26-30

403-3

Occupational health services

Health and safety, page 34

403-4

Worker participation, consultation, and communication on
occupational health and safety

Human rights, pages 26-30

Worker training on occupational
health and safety

Health and safety, page 34

403-5

Health and safety, page 34

Health and safety, page 34

Human rights, pages 24-30

All operational changes areat least implemented by theminimum legal notice in therespective countries.

8

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLEGRI SOCIAL STANDARDSGRI #GRI disclosure name

Section(s)403-9Work-related injuries

Health and safety, page 34

Notes / omissions

GRI #GRI disclosure name

Section(s)Notes / omissions

405-1

Diversity of governancebodies and employees

Inclusion and diversity, pages
21-23

The following data is not available for reporting purposes:

Sustainability data, pages 52-60• Percentage of individuals within the organisation’s governance bodies by age group

Sustainability data, pages 52-60
404-1

Average hours of training
per year per employee

Inclusion and diversity, pages
21-23

The following data is not available for reporting purposes:• Average hours of training thatthe organisation’s employees
have undertaken during thereporting period, by gender.

• Percentage of employees per
employee category by gender
Sufficient gender and age data
is not available for the globalorganisation due to lack of integrating a data management system. Pandora is making changes
to its data management systemin the following year(s).

Gender data on employee training will be included in 2023 after
the activation of a system integration between the employee
data system (Success Factors)
and the Learning Management
System (CrossKnowledge).

Board of Director competencies
will be found in Annual report
2022, pages 39 - 40.
406-1

Incidents of discrimination andcorrective actions taken

Inclusion and diversity, pages
21-23
Business ethics, pages 41-43

407-1

Operations and suppliers inwhich the right to freedom of
association and collective bargaining may be at risk

Responsible sourcing, pages
31-33

408-1

Operations and suppliers at
significant risk for incidents ofchild labour

Responsible sourcing, pages
31-33

See cases reported to the whistleblower hotline.

9

PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLEGRI SOCIAL STANDARDSGRI #GRI disclosure name

Section(s)409-1Operations and suppliers at
significant risk for incidents offorced or compulsory labour

Responsible sourcing, pages
31-33

411-1

Incidents of violations involving
rights of indigenous peoples

See notes

Notes / omissions

GRI #GRI disclosure name

Section(s)Notes / omissions

414-1

New suppliers that werescreened using social criteria

Responsible sourcing, pages
31-33

Scope limited to direct procurement suppliers. In 2022, wereport on % of supplier spend
audited by third-party auditor.
The audits include social criteria.

Sustainability data, pages 52-60
We do not monitor incidents ofviolations involving the rights ofindigenous peoples. Pandora’s
operations are not locatedin high-risk areas. The topic iscovered for suppliers in ourapplied Sedex’s SMETA 4 pillar
audit system.

414-2

Negative social impacts in the
supply chain and actions taken

Responsible sourcing, pages
31-33
Sustainability data, pages 52-60

415-1

Political contributions

Policies and Standards, page 38
Business ethics, pages 41-43

412-1

Operations that have been
subject to human rights reviews
or impact assessments

Materiality and sustainability
strategy, pages 8-10
Human rights, pages 26-30

A global Human Rights Impact
Assessment was conducted in
2020, which covered our entire
value chain, including risks in the
supply chain.
In 2022, we collaborated with anexpert third-party to conduct
a deep-dive assessment of
our human rights impacts in
Thailand.

413-1

Operations with local community engagement, impact
assessments, and development
programmes

Inclusion and diversity, pages
21-23
Human rights, pages 26-30

The scope is focused on ourcrafting facility locations, where
we have a long-standing anddeveloped local community
engagement programme.

Scope limited to direct procurement suppliers.

Pandora’s global Anti-bribery
and Corruption policy outlinesthat Pandora does not allow
the offering or receiving ofbribes in any form when dealing
with government officials orbusiness partners.

416-2

Incidents of non-complianceconcerning the health andsafety impacts of products andservices

Circular innovation, pages 17-19

In 2022, there were no majorreported incidents of non-compliance concerning the healthand safety impacts of products.

417-3

Incidents of non-complianceconcerning marketing communication

Responsible marketing, pages
24-25

In 2022, we did not identify any
major non-compliance issues
with marketing or labelling regulations or voluntary codes.

418-1

Substantiated complaints
concerning breaches ofcustomer privacy and lossesof customer data

Business ethics, pages 41-43

In 2022, no substantiated issues
related to Pandora’s handling of
personal data were reported.

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PANDORA GRI AND SASB INDEX TABLESGRI INDEX TABLE

WORKPLACE AND SOCIETYEMPLOYEES BY REGION FOR 2022
No.

Male

FemaleOther

Male, %

Female, %North America

5,505

356

5,113

36

7

93

Latin and South America

1,459

363

1,094

2

25

75

809

35

772

2

4

95

Asia

15,584

5,848

9,692

44

38

62
90

Pacific
Europe10,860

1,086

9,692

109

10

Africa

82

11

71

-

13

87

Total

34,2997,699

26,407

193

23

77

11

SASB INDEXTABLE

PANDORA GRI AND SASB INDEX TABLES

SASB INDEX TABLESASB INDEX TABLEThe Sustainability Accounting Standards Board (SASB) is an independent, private-sector
standards-setting organisation dedicated to enhancing the efficiency of the capital markets byfostering high-quality disclosure of material sustainability information that meets investor needs.
This table references the Standard for the Apparel, Accessories & Footwear industry as definedby SASB’s Sustainable Industry Classification System (SICS) with the location of that information in
Pandora’s Sustainability Report 2022 and on our corporate website.
SASB #SASB disclosure name

Section(s)Notes / omissions

Management of chemicals in product

Description of processes to maintain compliance withrestricted substances regulations

See notes

We maintain strict control over the use of chemicals in our manufacturing processes. Wastewater and chemicals-related impacts are controlled and addressed inaccordance with the international ISO 14001 (Environmental Management) standard.
This includes regular recording of water consumption data and limiting the use ofreservoir water resources by recycling. We train employees at our crafting facilities
in hazardous chemical spill response and wastewater and hazardous waste control.
All wastewater at our crafting facilities is measured for quality and treated throughthe buildings’ wastewater treatment system as well as the treatment system of theindustrial estate before it is released back into the local water supply.

Management of chemicals in productDiscussion of processes to assess and manage risks and/or
hazards associated with chemicals in products

See notes

Pandora products contain no hazardous substances and we maintain a list of restricted substances which all suppliers are required to adhere to. This also applies toour consumer packaging. Suppliers must provide proper records as proof, and test
certificates are required as compliance evidence. Pandora’s crafting has an active ISO
9001 (Quality Management) certification.

Environmental Impacts in the Supply Chain

Percentage of (1) Tier 1 supplier facilities and (2) supplierfacilities beyond Tier 1 in compliance with wastewater
discharge permits and/or contractual agreements

Responsible sourcing, pages
31-33

100% of Tier 1 product suppliers are expected to meet wastewater requirements,
in accordance with the Pandora Supplier Code of Conduct (Section 3.4). In 2020,
we adopted the internationally recognised SMETA 4-pillar audit methodology for
all third-party audits commissioned by Pandora. The standard includes wastewater
discharge practices (Ref: SMETA 4-Pillar; 10B4.2 and 3.4 e-f).

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PANDORA GRI AND SASB INDEX TABLES

SASB INDEX TABLESASB #SASB disclosure name

Section(s)Notes / omissions

Environmental Impacts in the Supply Chain

Percentage of (1) Tier 1 supplier facilities and (2) supplierfacilities beyond Tier 1 that have completed the Sustainable Apparel Coalition’s Higg Index Facility Module (Higg
FEM) assessment or an equivalent environmental dataassessment

Responsible sourcing, pages
31-33

Pandora does not sell apparel, footwear, and textile goods. To our knowledge, ourproduct suppliers have not completed the Higg FEM. The majority of Pandora’s jewellery is produced in-house at two LEED gold and ISO 14001 (Environmental Management) certified facilities. Pandora conducts LCA studies for its core materials.

Labour Conditions in the Supply Chain

Percentage of (1) Tier 1 supplier facilities and (2) supplierfacilities beyond Tier 1 that have been audited to a labour
code of conduct, (3) percentage of total audits conductedby a third-party auditor

Responsible sourcing, pages
31-33

Our Supplier Code of Conduct outlines Pandora’s requirements for supplier performance on business ethics, human rights, working conditions and the environment. It
is embedded in all product supplier contracts. In 2022, >99% of total product supplier spend were audited by a third-party.

Priority non-conformance rate and associated corrective
action rate for suppliers’ labour code of conduct audits

Responsible sourcing, pages
31-33

Labour Conditions in the Supply Chain

Sustainability data, pages 52-60

Sustainability data, pages 52-60

Labour Conditions in the Supply Chain

Discussion of greatest (1) labor and (2) environmental,
health, and safety risks in the supply chain

Responsible sourcing, pages
31-33

Raw Material Sourcing(1) List of priority raw materials; for each priority raw
material: (2) environmental and/or social factor(s) most
likely to threaten sourcing, (3) discussion of business risks
and/or opportunities associated with the environmental
and/or social factors, and (4) management strategy foraddressing business risks and opportunities

Circular innovation, pages 17-19(1) Amount of priority raw materials purchased, by material, and (2) amount of each priority raw material thatis certified to a third-party environmental and/or social
standard, by standard

Circular innovation, pages 17-19

Raw Material Sourcing

In our Sustainability Report 2021, we reported 207 non-conformances. By the endof 2022, 17 of these issues were still open (14 major and 3 minor), bringing the total
number of open issues by year end to 144. These issues are taking longer than thegrace period to close out due to challenges in local operating contexts and lossof documents that cannot be replaced. We will continue working with suppliers tocomplete remediation in 2023. No non-conformances remain open from our 2020
audits.

Responsible sourcing, pages
31-33

Responsible sourcing, pages
31-33

We ensure that all the silver and gold used in making our jewellery comes fromcertified responsible refiners according to the Responsible Jewellery Council Codeof Practices or the London Bullion Market Association Good Delivery Rules. This isconfirmed by due diligence on our suppliers.

14

Pandora A/S
Havneholmen 17-19
1561 Copenhagen V
Denmark
CVR no. 28505116
Phone +45 3672 0044
www.pandoragroup.com