TAKING CARE OF TOMORROWACCO Brands EMEA
Sustainable
Development
Report2022

TAKING CARE OF TOMORROW

Who are we?
Simplifying and organising life at home and at work!
That is what we aim to do at ACCO Brands. And our portfolio of wellestablished brands are at the very core of what we do. We aim toprovide consumers with products which delight and fulfil thenecessary tasks. And where they can feel confident, that efforts arebeing made to work towards reducing their environmental impact andthe impact on the communities and partners with which we work.
We have set a clear path for our activities, focussing on the mostimportant topics for our company and with have some specific andchallenging goals for 2025 and beyond. This report aims to provide
some insight into our company, who we are, how we operate, andhow we work towards achieving our goals and reducing our impact.
For more detail about our company see the additional information
section at the end of this report and www.accobrands.com

TAKING CARE OF TOMORROW Company Profile

ACCO Brands Global:$2 billion company, listed on NYSE

21 factories worldwide, 6 100 employees
Products sold in more than 100 countries

ACCO Brands EMEA:$600+ million turnover

10 factories, 2 100 employees

TAKING CARE OF TOMORROW

Cezary Monko
EVP & President ACCO Brands EMEA

It is good! But it’s never enough!
The speed of change in the world did not slow in 2022. After fending off the challenges we had faced
from Covid, new political and economic situations arose and took up much our energy and attention.
Meanwhile, climate change did not disappear, with floods, fires and new temperature records
becoming ever more frequent across the globe. It is a true risk that we get too used to these reports
and start to blend them out. The longer term threats and risk of climate change are probably far
greater than the short term problems of inflation and impossible to overcome alone. We must all doour part and we must learn to work together to make the biggest impact we can. That is also why I
am especially pleased with the start of our Sustainability Champions programme at ACCO Brands
EMEA during 2022. Our factories and warehouses have long been working to reduce our emissions,waste and water consumption, we have people at all these operations sites who put their energies
and intelligence into the best ways they can find to reduce our impact as far as possible. And now wealso have people from our sales and administration offices across Europe, who have volunteered totake on the task to work with their local teams to reduce the impact we have on the planet and thecommunities around us. I wish them all luck and strength for these activities!
I’m pleased with the progress we made in 2022 towards our zero emissions from electricity goal. We
can see the progress on the charts, not only in emissions but also in the reduction in electricity
consumption. I’m equally very happy to see the plans in place and initial preparatory work done forour first solar park at our Kozienice factory in Poland.
We are also very proud of the EcoVadis Bronze award which we achieved at the end of 2022! It was
the first time we submitted our application to this very thorough review and we are eager to achieve
and progress more with this award.
But it is not only here where we are hungry to achieve more. There are further areas where we can
improve and do more! For example, more products with recycled plastic content, more sustainable
offerings in our non-paper categories, less non-recycled waste! We have clear targets for 2025 andI’m confident that our teams will put all their energies into helping us attain all of them!
Yours
Cezary Monko

TAKING CARE OF TOMORROWKey Achievements

2022

TAKING CARE OF TOMORROW

EcoVadis
We are very proud to be awarded the Bronze medal certification by
EcoVadis, the world’s largest and most trusted provider of businesssustainability ratings.

The award places ACCO Brands EMEA in the top 50% of all companies
rated by the highly reputed EcoVadis system. We scored particularly wellon the sustainable procurement element of the assessment, ranking in
the top 20% of companies rated by EcoVadis in the manufacture of otherarticles of paper and paperboard category. EcoVadis recognised thecompanywide FSC® and PEFC certifications, which monitor the sourcing
of wood and paper and the clear reporting on wood fibres used for
products and packaging.

Highlights 2022

The Ecovadis assessment takes 4 areas of impact into consideration
when viewing a company: environmental impact, labour & human rights,
ethics and sustainable sourcing. ACCO Brands first review by EcoVadis
involved the completion of a thorough evaluation of all these themes inorder to achieve the bronze medal.

TAKING CARE OF TOMORROW

Highlights 2022
• EcoVadis Bronze award for oursustainability efforts to date
• A 39% reduction in total CO2 emissions
compared to 2021

• Sustainability Champions programme inplace• 22% of our director level and above
leadership positions are womenHighlights 2022

• 47% reduction in emissions fromelectricity compared to 2021

TAKING CARE OF TOMORROW

Highlights 2022
• 199 carbon compensated products• 4628 (+300) products with 3rd party
certifications• 99.7% of paper & board used for products& packaging recycled, FSC® or PEFC certified• 80 products containing 30-100% recycledplastic• 46 products with ergonomic certifications,
helping people to work in a healthy way

Highlights 2022

• 34% of sales made with products with atleast one 3rd party certification

TAKING CARE OF TOMORROW

Strategy & Plan

2025

TAKING CARE OF TOMORROW
Stakeholder View
Whilst preparing our new sustainability vision and goals for 2025, weof course took into consideration what our stakeholders believe to be
the most important aspects for our company’s sustainability strategy
and goals. This ranges from our shareholders, for whom it is very clearthat working towards climate change mitigation and supply chain
responsibility are a necessity for success in the coming years, to ourmanagement, customers and consumers. Looking at all theinformation we have and feedback we received, we could clearly see
three core areas of focus for us moving forward:#1: Climate change mitigation
measuring and reducing our emissions#2: Responsible & circular customer
solutions – innovating to provide
products & services for the future#3: Engaged workforce andprincipled working relationships
Our stakeholders believe that emissions are key for us and as amanufacturer and seller of consumer products, we understand that
this is a fundamental element of all we do, from operations to productdevelopment and how we work. Taking emissions into consideration
will help us make better decisions and to work on the right
improvements and this therefore forms the core focus of oursustainability work.

TAKING CARE OF TOMORROWACCO Brands EMEA
Vision & Strategy for
Sustainable
Development

ACCO Brands EMEA Sustainable Development Key Targets 2025••

Zero emissions from electricity(scope 2) used at our manufacturing
and distribution sites
15% reduction in electricity
consumption•

A more sustainable choice in every key
category we operate in*•

A minimum of 500 products containing
a minimum of 30% recycled plastic(from 50 today)•

For leadership positions on director
level and above in EMEA, we aim for afemale share of 25% by 2025 (from20%)•

We will coach and involve all employees
to help us achieve our sustainabilitygoals* A more sustainable choice is a product with notable improvements compared to standard products in points listed in the ACCO Brands Product Philosophy

ACCO Brands EMEA Sustainable Development Targets 2025
Reducing our Operational
Environmental Impact• We will drive our emissions from electricity
consumption (scope 2) to zero at our manufacturing
and distribution sites, an overall reduction of total
scope 1 and 2 emissions of 75%• We will reduce our electricity consumption at thesesites by 15% (or kWh)
• We aim to further reduce our total water
consumption by 15 percent• We have the ultimate goal of achieving a zero waste
rate in our manufacturing and warehouse facilities• 33% of our company car fleet will be hybrid orelectric• We will measure and improve emissions and otherenvironmental impacts of our sales offices

Reducing our ProductEnvironmental Impact• We will offer a more sustainable choice* in every key
product category we operate in• We will offer a minimum of 500 products with(minimum 30%) recycled plastic content (base is 50)• We will increase the % of revenue from sales of
products certified to 3rd party environmental and social
sustainability standards by 10pp (base year 2019)• We will aim to take the points of our product philosophy
into account and design our new products with areduced CO2 footprint compared to the previous model
where one exists

Working Relationships& Social Commitment• We aim to have a transparent and principled working
relationship with all our stakeholders, from employees
and suppliers, to customers and consumers• Our principles are based on the international
standards set by the UN and the ILO Declaration of
Fundamental Principles and Rights• We require our suppliers to fulfil the same standards
and monitor this according to a set of specific metrics• We aim for a female share of 25% of leadership
positions on director level and above in EMEA by
2025 (from 20%)

• We will only use plastic in our packaging where
necessary or ecologically worthwhile and where we use
it, we aim to use a minimum of 30% recycled material• We will maintain a safe and healthy workplace with atarget of zero accidents• We will build our understanding of carbon emissions
from our products• We will train all our sites in our sustainable approachand invite them to create a local plan to support thefulfilment of our goals* A more sustainable choice is a product with notable improvements compared to standard products in points listed in the ACCO Brands Product Philosophy

TAKING CARE OF TOMORROWACCO Brands EMEA:
Sustainable Foundations
Working in a lean way is thefoundation of all oursustainability efforts.
Reducing waste in all areas
and keeping processes
simple and short, help withmany of our objectives. Our
ISO 9001 and ISO 14001
certifications provide theframework and tools to
help achieve this.

* ISO 50001 for 8 sites in Germany and the UK only
ISO 9001 and 14001 for all ACCO Brands EMEA sites + Shanghai

TAKING CARE OF TOMORROW

PlanetReducing our Operational
Environmental Impact

Scope Emissions

TAKING CARE OF TOMORROW••

Raw material suppliers

OEM suppliers
Sales offices
Products

European
Factories

ACCO
Brands
EMEA

Warehouses

Customers /Distributors

We continue to report the Rapid Shanghai factory as most of the
production is for EMEA and it is a key facility for us.

Waste

Consumers

All European manufacturing facilities were monitored from the start in2010, except Arcos, Portugal, and Lillyhall, U.K. (added in 2017). Lillyhall(pencil manufacturing) runs a biomass boiler to heat the plant using
waste material. This has been classified as carbon neutral by the Carbon
Trust and is therefore not included in the results.

TravelCompany cars(leased)Service
ProvidersOwned fleet
vehiclesExternal
warehouses

Freight
companies

Warehouses have been included since 2016, except Halesowen added in2017.
In 2021 we added CO2 caused by HGV fuel of our owned truck in
Halesowen, UK. This added ~126 tonnes CO2 and is around 1.5% of thetotal.
All facilities are listed on Page 54. Sales offices, which are not physicallypart of one of the listed facilities, are not included, as they are classed as
immaterial.
Scope 3 emissions are not included to date (all other indirect emissions
such as from raw materials, external logistics, outsourced activities etc.)

Emissions

ACCO Shanghai
factory

Scope 1 (direct)
Scope 2 (indirect emissions from consumption of purchased
electricity, heat or steam)CO2 Emissions ACCO Brands EMEA: Factories & Warehouses(kg CO2)
9.734.299
8.609.895

8.897.233

5.431.501
Target2025:
2 250 000 kg

2019

2020
Factories

2021

2022

Warehouses

2021: HGV fuel for truck owned in UK added makes up ~1.5% of the total
2019 – 2021: Corrections made for gas consumption in Gorgonzola, Italy and electricity conversion factor in Sint
Niklaas, Belgium. Totals for 2020 and 2021 now slightly higher than reported at the time.

Total CO2 emissions in 2022 (according toscope on page 16) were 5.432k tonnes, withthe overall reduction compared to 2021 of
3 466k tonnes of CO2. You would need around
158 000 mature trees to absorb this amountof CO2 in one year.

Several further sites have now switched tozero emission electricity. This year, a total ofnine out of sixteen sites consumed zero
emission electricity. In addition, RECs werebought for our Cerkezkoy, Turkey, site and ourlargest plant in Kozienice, Poland where thepurchased certificates amounted to almost
60% of total electricity consumed there.
The remaining scope 1 emissions (gas, oil,fuel), made up around 25% of our total
emissions in 2019 (plus the HGV fuel later),which formed the basis for the 2 250 tonne
CO2 target for 2025.

Emissions

TAKING CARE OF TOMORROW

We saw our focus on reducing to zero
emissions from electricity (scope 2) start toreally pay off with a big drop in overall CO2
emissions of 39% compared to the previous
year! This resulted from a 47% drop inemissions from electricity and a 19% drop inemissions from gas.

Total ACCO Brands EMEA electricity
consumption in 2022 (according to thescope on page 16) was 16% lower than in
2021.

TAKING CARE OF TOMORROW

Emissions: Electricity in kWh

Energy consumption was a big focus in 2022
and we saw the benefits of projects alreadyplanned as well as further actions
implemented. Almost all lighting is now
switched to LEDs but also compressors anddrying ovens have been made more
efficient.

30.000.000

20.000.000
15.000.000

With the further electricity saving projects
we have planned, we expect to continue thedecrease in consumption of electricity.

10.000.000
5.000.000
0

2019

2020
Factories

2021
Warehouses

Target 2025: 22 830 000 kWh

2022

Overall 12% of the electricity we bought in
2022 was renewable, 29% including theRECs we bought (a total of 3 400 MWh).
Two further sites have a zero conversion
rate, buying a mix of renewable and nuclear
power and a third site purchased acompensation
certificate
withaninvestment in a hydro-electric power plantin India, making a total of 61% zero
emission electricity in 2022.

EmissionsElectricity used in kWh

25.000.000

TAKING CARE OF TOMORROWACCO Brands EMEA Manufacturing

150
130

125,5

119,6
108,8

110
90

75,0

70
50

2019

2020

2021

2022

2019 – 2021: Corrections made for gas consumption in Gorgonzola, Italy and the electricity conversion factor in
Sint Niklaas, Belgium led to higher results for 2020 and 2021 than reported at the time.

Our overall CO2 emissions
per
tonne
produced
dropped clearly again
compared to the prepandemic results in 2019.
This shows that our low
emissionstrategyisworking and that ourfactories continue to run
more and more efficiently
as the energy saving
projects
implemented
thus far take effect.

Emissions

CO2 Emissions in kg/tonne Production

ACCO BRANDS EMEA WAREHOUSESCO2 Emissions in kg/m³ shipped
3,00

2,87

2,90
2,80

2,66

2,70
2,60

2,51

2,49
2,50
2,40
2,30
2,20

2019

2020

2021

2022

2019 – 2021: Corrections made to the electricity conversion factor in Sint Niklaas, Belgium led to higher
reported results for 2020 and 2021 than reported at the time.

As reported in previous years, a muchhigher proportion of the energy
consumption in our warehouses comesfrom heating, which is more dependent
on the harshness of the winter and ismore difficult to reduce. However, in
2022, our facilities worked hard to reduce
the required heating. Every corner of thebuildings was checked for draughts andimprovements made. Hyper-fast rolling
doors were installed to keep the time thedoors are open to the absolute minimum.
We also issued our associates with extra
warm clothing, allowing us to turn thelevel of the heating down a little.
The results can be seen here. As wesearch for overall better ways to heat ourfacilities, creating lower or no emissions,
we have learned that we can still becreative
about
reducing
energyconsumption!

Emissions

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New packaging machine
Shanghai, China

Energy Saving & Clean Energy
We are constantly working on and appraising ways to save and use
cleaner energy. Coming from a LEAN culture, we understand that it
is often many small steps which together make the difference andare more quickly achievable than larger scale projects. One example
is through using control valves to only draw compressed air fromthe circuit when the machine is working. A further example can beseen at our Arcos, Portugal site where they insulated some areas of
the building, including the cafeteria, themselves, to quickly
experience a cooler building in the summer and a warmer one inwinter.

New furnace
Lilyhall, UK

Emissions

Nevertheless, we are of course also investing in more efficientequipment. In the Shanghai, China, plant a new packaging machineraises the temperature only as and when needed; in the Lilyhall,
UK, plant a new furnace uses about half the power of the old one;and in Hestra, Sweden, we installed heat pumps with an expectedsaving of around 60 000 kwH per year. Finally at our Kozienice,
Poland, plant, preparations have been made for our first solar park,with the land prepared and the contracts all in place.
Land cleared forsolar park
Kozienice, Poland

TAKING CARE OF TOMORROWACCO Brands Italy & Lyreco:
Working Together for Lower Transport Emissions

Emissions from Company Cars
Currently, we are not measuring our logistics emissions(part of our scope 3 emissions) except in the UK, where
we own a truck. We do of course work with our logistics
providers to plan journeys and drive efficiently to
reduce emissions and are also looking at emissions
from business travel. As well as encouraging the use of
online meetings and using the train wherever it makes
sense and is possible, we are aiming to move our(mostly 3rd party owned) company car fleet to electricor hybrid models. Although this is often desired by ourassociates and encouraged by many governments, theinfrastructure and framework are certainly not available
in all European countries. Hence, we have set a goal of
switching 1/3 of our EMEA company car fleet to electricor hybrid by 2025. In 2022 55 out of 296 cars were
electric or hybrid a large jump from the 17 we started
with. This is now 19%, with a goal of 33% by 2025. To
support the infrastructure issue, we have also started to
install electric charging stations at some of our sites,
including, for example, Santa Perpetua in Spain.

Emissions

Working together with one of our largest customers, Lyreco, we found a way to reduce
our logistics emissions in Italy. With two of our warehouses located very close to one
another, by working together, we can eliminate the need for sending a diesel-powered
truck from our warehouse to Lyreco’s and back again. Instead, we now supply Lyreco
by filling their empty biogas-powered truck on its return run from their nearby
warehouse. Eliminating the need for the diesel truck runs saves more than 11 tonnesof CO2 a year as well as making use of the km driven by the biogas truck on the returnto the Lyreco warehouse.

TAKING CARE OF TOMORROW

Scope Water Consumption
Raw material suppliers
OEM suppliers

Data shown covers all ACCO Brands EMEA plants
and warehouses plus the Shanghai factory. All
facilities are listed on Page 55.

Sales offices

Europeanfactories

Customers /Distributors

ACCO
Brands
EMEA

Serviceproviders
Products

Warehouses

External
warehouses

Freight
companies

Local sales offices, which are not physically part ofone of the listed facilities, are also not covered but
as these are generally small, we can conclude thatthese would not have a material impact on the
result.

Water

ACCO Shanghai
factory

Consumers

Total water consumption for all ACCO Brands EMEA
plants and warehouses.

ACCO Brands EMEA Water Consumption
Water consumption in 000 L
32.00030.00028.00026.000Target 2025: 25 345K Litres24.00022.00020.000

2019

2020

2021

2022

Water

TAKING CARE OF TOMORROW

Although our processes are notparticularly water intensive, as
we increasingly feel the impact
of changing weather patterns
and droughts across Europe, it isclear that even in places where
historically water was not scarce,
our responsibility to save andpreserve water remains high.
Hence water consumption has
been
under
continuous
observation for us since 2010
and even before then throughour ISO 14001 certifications. Our
teams monitor and report water
consumption levels monthly. In
2022, due to our programmes
and having solved the leakages
identified in 2021, our water
consumption decreased evenbelow the 2025 target level.
We have learned that sometimes
there can be unexpectedchanges in water consumption
and so we will continue tocarefully monitor and work to
reduce and manage our water
consumption as far as possible.

TAKING CARE OF TOMORROW

Scope Waste Management & Recycling
Aim: Zero Waste
Raw material suppliers
OEM suppliers
ACCO Shanghai
factories

Sales offices

Europeanfactories

Customers /Distributors

ACCO
Brands
EMEA

Serviceproviders
Products

Data shown covers all ACCO Brands EMEA plants and warehouses plus the
Shanghai factory. All facilities are listed on Page 55.

Warehouses

External
warehouses

Freight
companies

Hence, data for all types of waste is collected from all sites. We have somedifficulties with recycling companies which do not disclose if or how much waste
has been “thermally recycled” but will work further to see if we can gain more
knowledge on this.

Local sales offices, which are not physically part of one of the listed facilities, arenot covered, but waste volumes here are far smaller than at the plants andwarehouses, meaning we can conclude that these would not have a material
impact on the result.
We also measure and control hazardous waste, but this only made up 3% of total
waste in 2022.

Waste

Consumers

Zero Waste is generally defined as 98 percent of waste being recycled. “Thermal
recycling” (burning) is not counted as recycled and hazardous waste is notincluded.

TAKING CARE OF TOMORROW
Waste in kg

92% of all waste (excluding hazardous waste)
was recycled in 2022, which is a drop of 2pp on
2021 (Target 98%).

2019

At the same time, total waste was reduced by 16%
to 5400 tonnes. This overall waste reduction is ofcourse the holy grail which our Lean philosophy
and Kaizen workshops help us to work towards.

2021

We generally have good recycling rates in ourfactories, where waste can be more easily
separated, but it is often difficult to find goodsolutions for the mixed waste from thewarehouses. This year Heilbronn made some
progress with donating excess and obsolete stock(see page 27) but this is not always easy and there
is still much that can be done.
We also still find that in some countries like
Germany, where so much waste is collected andrecycled, the service providers can be very
selective about what they are willing to collect andrecycle.

2020
2022

Recycled metal Recycled paper / Recycled plastic Other Recycled
board

Non-recycled
waste

Total waste

Waste

Waste Reduction & Recycling

Re-Using Cardboard Waste in our
Barcelona Warehouse

The purchase of a cardboard shredding machine inBarcelona enables us to re-use cardboard boxes as
packaging material instead of using plastic bubble
wrap. This leads to a total of around 400kg lessplastic waste!

In-Kind Donations to Innatura
Innatura is a non-profit organisation in Cologne, Germany, which
operates a platform which puts together manufacturers and retailers
which want to donate new products and non-profit organisations.
Recipients cover organisations from child and youth welfare facilities
to projects for homeless and refugee camps in Syria.
In 2022, ACCO Brands donated over 22000 products to the platform,
from staples and ring binders to presentation products and noticeboards. These were for example end-of-line products which had
been removed from customer catalogues.
As well as supporting non-profit organisations with these donations,around 10 tonnes of product was “saved” from the waste bin!

Waste

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Products
Reducing our ProductEnvironmental Impact

TAKING CARE OF TOMORROWACCO Brands EMEA Sustainable Product Philosophy
Goal: Product Design based on Carbon Footprint Analyses

Quality is a very key aspect of sustainability which isoften overlooked. Buying a quality product which lasts
longer saves the need of replacing and having to disposeof worn out or broken products. The carbon footprint
analyses we have carried out to date show us that it isoften the raw materials and / or disposal of the productat the end of life which cause the most impact on theenvironment. Using products for a longer period of time,means overall a lower raw material consumption andless impact from disposal.
To further extend the life of our
products, we also offer spare parts.
For example for the newly launchedriveting tools RP150 and RP160

Products

Our stakeholders have identified a responsible andcircular approach to product solutions as a key andmaterial aspect of our sustainability work. The ACCO
Brands EMEA Sustainable Product Philosophy covers all
the key factors by which we can improve theenvironmental impact of our products. By following thissimple set of guidelines our teams can investigate
different ways to improve products and reduce theirenvironmental and carbon footprints.

The Leitz Recycle range, now available in a setof bright colours. Using recycled materials anda recyclable design lead overall to a lower
carbon footprint.

TAKING CARE OF TOMORROWA More Sustainable Choice in all Key Categories

Products

A key characteristic of ACCO Brands is the breadth of different productcategories we offer. We have challenged our product development
teams to come up with a more sustainable choice for all key categories.
This means that the products should show notable improvements in the
points listed in the ACCO Brands Product Philosophy compared tostandard products.
In some categories we have long had a strong sustainable offering, forexample made of recycled or responsibly sourced materials. In othercategories, different requirements on materials and functionality andtechnical feasibility mean that designing for the environment demands amore creative look at product design, often from a different perspective,
which we can identify using the carbon footprint analyses we havecarried out. We are in the full swing of finding creative ways to makeproducts in those remaining key categories more sustainable, it is achallenging but exciting journey!

Target 2025: A more sustainable choice in all key categories
from 10/21 to 21/21
Result 2022: 11/21

The Esselte Home Storage Boxes launched in 2022 will de-clutter your homewhile adding style to your shelves. Made from FSC® certified cardboard which
is 100% recycled and 100% recyclable, they also offer a more sustainable choice
for storage at home or in the office.

TAKING CARE OF TOMORROW

A Changing Approach to Plastic to Support the Circular Economy

Leitz Recycle wallets and letter trays made of minimum
80% post consumer recycled plastic and awarded with
the Blue Angel certification
Recycled plastic can be post- or pre-consumer recycled

Target 2025: 500 Products withminimum 30% recycled plastic
Result 2022: 80 (+38%)

Reduced Plastic Packaging
We try to avoid plastic packaging
wherever we can. We have learned
that extra plastic bags and wraps
inside boxes are often not necessary
and whenever technically possible(for products which are not too
heavy), we can use moulded pulp
packaging rather than polystyrene
foam.
Our Rapid Tools
team have switched
the packaging ofalmost all rivets
consumables in early2022 from plastic
clamshell packs to
FSC® certified boxes,
saving around four
tonnes of plastic in
the second half of2022 alone!

Products

Everyone must be well aware of the impact plastic
can have on the environment if it is not correctly
disposed of. However, plastic has many positive
features, also from an environmental perspective.
It lasts longer (see comments on the importance oflong lasting products on page 29) and if the
product or packaging is correctly designed andconstructed, it can be recycled into a new, robust
raw material. It is therefore important to apply acommon-sense and circular approach to plastics:
Use them only where needed, make them easy toseparate and recycle and use recycled plastics
wherever possible. To encourage the use ofrecycled plastics in products, we have set ourselves
a target for 2025, which we are slowly making ourway towards. It isn’t always easy to find recycledplastics with the required technical properties andwith the needed quality and price but with theright focus, we are making progress!

TAKING CARE OF TOMORROWGBC Foton 30 Automated Laminator with Refillable Cartridges

Using the refill saves 77% of the plastic (279g perroll) compared to a non-refillable cartridge and the
cartridge itself is made of up to 65% post-consumer
recycled ABS plastic.
GBC Foton 30 Automatic Laminator andRefillable Cartridges - Short Range video (EN)- YouTube

Products

The GBC automated laminator saves 98% of yourtime laminating! You simply load your documents in
the Auto Feed tray, press the start button and it
automatically laminates. Load, press, done! For
perfectly laminated documents every time. In orderto preserve resources, a refillable lamination
cartridge is now available. Loading and unloading the
cartridge into the machine as well as refilling the
cartridge with a new roll of laminating film is
extremely easy and can be seen on the film linked
below.

TAKING CARE OF TOMORROW

Battery operated tools provide the power needed for bigger jobs with the freedom provided bycordless operation. The Rapid 18V range comprises of five fastening tools made for today’s DIY
consumer who has projects and ideas they want to realise. These consumers also have a sharp
eye on the environment and this range offers a special angle on that. Rapid is part of the PowerFor ALL Alliance, a group of, currently eleven, companies which share a battery. One battery andcharger can thus be used for multiple tools and products from different companies. And what’smore, it’s one of the market’s lightest batteries from one of the leading battery technologies,
Bosch. The batteries are even made in Europe. In this way, the consumer not only saves money,
by needing only one battery and charger for many devices, they are helping to save resources andthus help protect the environment.

Products

Rapid 18V Range – One Battery, Many Tools!

TAKING CARE OF TOMORROWThe way that we work has changed completely. Very few
office workers now work 100% of their time at their office
desk, working more and more often at home and on themove as well. But we don’t always have the sameequipment when working from different places, which cancause bad posture, lack of movement and lead to various
health issues. Leitz Ergo is a range of products designed tohelp you work with a good posture and to keep you
moving whilst working. Offering products like sit-standsolutions, laptop risers, wrist rests, cushions or an antifatigue mat. Most of the products are certified forergonomics by the IGR institute for health and ergonomics
and certain products are also safety tested by TüV. The
products are almost completely packed without the use ofplastic and, of course, designed to be long lasting, forexample cushions with removable, washable covers or an
extended guarantee.

Products

Leitz Ergo – Helping People Keep Healthy whilst Working

TAKING CARE OF TOMORROWThe Derwent Riverlands Collection – A Partnership with the National Trust, UK
The National Trust is a conservation charity in the U.K., committed to protecting and caring for all things nature. The Trust has created the“Riverlands” project to provide awareness surrounding the importance of maintaining the health of England’s rivers. These efforts include helping
to slow the flow of water and alleviate flooding, repairing banks, creating new habitats and tackling the rise of invasive non-native species.
One of the key locations of the National Trust’s Riverlands project is the River Derwent in the Lake District, which is a region and national park in
Cumbria in northwest England. The Derwent brand is deeply rooted in the Lake District. In fact, the brand name is derived from the river Derwent
and Derwent Water; a picturesque lake located next to the original factory in Keswick, where Derwent started making pencils in 1832.

Given this history, Derwent welcomed the opportunity to partner with the National Trust and their Riverlands project to create the Derwent
Riverlands Collection. There are five sets of pencils made from PEFC certified material and created especially for art on the move, allowing
individuals to explore and capture nature. Ten percent of each product sold (a minimum of £26,000 in 2022 and 2023) from the Derwent andNational Trust Riverlands Collection will go to the River Derwent program, part of National Trust’s Riverland’s Project.

TAKING CARE OF TOMORROW

Of course it is always good to have a product’s
environmental or health & safety credentials verified
by a third party, when an appropriate third party
certification is available. We have a long history ofthird party certifications, the oldest being our firstBlue Angel certification for recycled products in 1995.
Today the certifications verify claims across the whole
ACCO Brands product philosophy. In 2022, we added
more products to the climate compensated range andlaunched more Blue Angel certified products. We now
also include a small number of computer accessories
awarded with the FIRA ergonomics certification. Our
sales mix continues to shift which affects thepercentage with a label. The new Power A gaming
products don’t have any certifications to date as theseare generally currently rare in that segment.

Target 2025: Increase 10pp from 29% to 39%
Result 2022: 34%

As of 19.12.2022. Some products have more than one certification!

Products

Increase sales of Products with a 3rd Party Environmental or Health & Safety LabelPaper Usage in Manufacturing and Shipping

2020

2021

2022

Percent of paper purchased which is
FSC®- or PEFC-certified, or recycled

99.1%

99.6%

99.7%

Paper/Board from non-FSC® or PEFC,
virgin fibres

0.9%

0.4%

0.3%

Recycled paper total*

93.3%

95.8%

97.0%

FSC® or PEFC certified paper / wood*

71.7%

79.6%

79.8%

The UN Sustainable Development Goal 15 looks to support
Life on Land through the implementation of sustainable
forest management. ACCO Brands is committed to the
responsible use of paper and paper-based materials used
for the manufacturing of our products and packaging.
Overall, well over 99% of our paper & board is either
recycled, FSC®- or PEFC-certified. Our target is to source
100 percent of our paper / wood used in the production of
our products and for our packaging from FSC® or PEFC
certified or recycled sources. 11 factories and warehouses
are FSC® certified, 1 factory is PEFC certified.

Paper Stewardship

TAKING CARE OF TOMORROW

Paper types in use* Material can be both recycled and FSC or PEFC certified.

FSC® certified VON
Leitz 3 Flap Folder

TAKING CARE OF TOMORROW

PeopleWorking Relationships& Social Commitment

Our People: The Heartbeat of ACCO Brands

Involved and inspired to do more
- supported by our Sustainability Champions!
It is the people at ACCO Brands who make everything possible! Our team is highly
professional and highly passionate about our company, our products andeverything we do! Our teams in the factories and warehouses are working hard
every day on producing and delivering quality products, on time, through adependable and responsible supply chain and with as low an impact to theenvironment as we can manage.
In 2022, we started on our journey to ensure that not only our operations people
are behind our goals and plans but also that everyone working in our offices
across Europe are informed, involved and inspired to support our work to Take
Care of Tomorrow! We now have Sustainability Champions at most of our sites;
people who have volunteered to help to spread the news, get people on board
and work to drive down our environmental impact and support our local
communities. We created a short film to help explain to all our stakeholders what
ACCO Brands EMEA is working towards and what our achievements so far havebeen. Some locations have already implemented smaller projects like using water
stations & bottles instead of plastic bottles, better recycling and switching off
lights. But with this dedicated team we know there is much more to come!
In addition, further focus was put on our sustainability work in 2022 when theachievement of our key sustainability goals was added to the strategic measuresof our ACCO Incentive Plan.
Watch the ACCO Brands EMEA Sustainability Film here:

PeopleTAKING CARE OF TOMORROWWorking Together the Right Way
TAKING CARE OF TOMORROW

Looking After Our TeamYou can see the full
ACCO Brands Codeof Conduct here:

Our ACCO Brands Code of Conduct is a comprehensive document to help train andguide all of us in how to act and take decisions in line with our company’s policies andethics. The Code articulates our values of integrity and respect for others and ourcommitment to diversity and responsible behaviours in the communities where wework and live. Above all, it requires that the conduct of everyone associated with ACCO
Brands, including our suppliers and other partners, is ethical, lawful and respects thehuman rights and dignity of others. We receive annual training on the topics covered in
the Code of Conduct. In 2022, 100% of salaried employees and 93% of blue collar
employees in EMEA completed the training. Part of the training is to help make people
aware that they should be actively involved in the detection and prevention of
misconduct, including the reporting of such activity to the employee’s manager,
another manager the employee trusts, the Human Resources department, the Legaland Compliance department or ACCOethics.com, a telephone and internet-based
reporting system that can be accessed on a 24-hour basis and offers an option to shareconcerns anonymously, where permitted by law. Any type of retaliation against
employees for reports made in good faith is prohibited.

PeopleWe want to do all we can to look after this precious
team! This of course starts with having a comprehensive
and well-functioning Health & Safety programme. We
strive to achieve a culture where all employees
contribute and take ownership for creating andmaintaining a safe working environment. Our ACCO
Brands scheme is laid out in the “Comprehensive
Environmental and Safety Management Plan,”benchmarked to the requirements of ISO 45001 andactivated in every ACCO Brands EMEA location.
We are proud that in 2022, ACCO Brands EMEA again
earned the Patron’s Gold Medal award from RoSPA, theRoyal Society for the Prevention of Accidents, anorganisation dedicated to accident prevention in the U.K.
and around the world. This is the 26th consecutive year.
that ACCO Brands EMEA received
such an award, and the Patron’saward is the highest achievement
award. We did experience more
accidents after the Covid period,
where less face to face training or
audits were possible. We have an
improvement plan inplace and hope to see a
reduction in 2023!

Feeling Good in the Office and at Home!

During the Covid 19 pandemic we all got used to working from homeand of course, this still has many advantages, both for business andfor individuals. But we have recognised the importance of personalsocial interaction in our work and for our teams. Often things areeasier and more creative when worked on together and we value
those kitchen or coffee machine discussions with colleagues fromother departments whom we wouldn’t otherwise see. In 2022, wetherefore worked hard to implement hybrid working solutions toprovide the flexibility and opportunity for more focused work in thehome office alongside collaboration and co-creation time in theoffice.

Creating Work/Life Balance for Labour Employees
ACCO Brands is committed to providing a flexible work environment
for all of our employees. In 2022, our distribution sites in Germany
implemented a Flexible Work schedule for labour employees. This
allows for a flexible start and stop to the workday based on individual
needs. Offering this flexibility makes it easier for our employees tobalance the demands of home while maintaining exceptional
productivity at work. We hope to expand this program to otherlocations and countries dependent upon local legislation and work
agreements.

PeopleTAKING CARE OF TOMORROWDiversity & Inclusion

At ACCO Brands, our core values include respecting theindividual and embracing diversity. We believe thatdiversity, in all its forms, leads to more ideas and improved
innovation. We are working hard on achieving our goal of 25%
of our management group in EMEA being female. In 2022, wereached 22.3% Initiatives to support this include genderbalanced shortlists, improvements to and better
communication of maternity pay and leave, gender pay audits,and training on D&I.

Humanitarian Efforts to Support People in Ukraine
To assist those affected by the geopoliticalunrest in Ukraine, employees across EMEA
organized local fundraisers and donatedfunds benefiting charities supporting people
afflicted by the conflict. Additionally, a
region-wide campaign was organized by thecompany, in which countries could nominatecharities for employees to donate to, andACCO Brands EMEA matched all donations. In
total more than €60 000 was raised acrossEurope.
In Poland, employees in Kozienicefilled two large containers withblankets, medical supplies, shoes,
clothes and hygiene products forfleeing Ukrainians. Additionally, aclothing and food collection wasorganized in Warsaw where all items
were donated to a local charitableorganisation. Some employees went
on to help fleeing Ukrainians arriving
in Warsaw by helping to get the
supplies to the people who needed
them.

D&I, Community

TAKING CARE OF TOMORROWTAKING CARE OF TOMORROW

Supply Chain Monitoring

ACCO Brands is committed to ensuring that its
employees and contract workers are treatedwith respect and dignity, working conditions in
our own facilities as well as our global supply
chain are safe, and manufacturing processes areenvironmentally responsible. We have a Social
Responsibility Policy which is guided by theinternational
humanrightsprinciples
encompassed in the Universal Declaration of
Human Rights, the International Labor
Organization’s Declaration on Fundamental
Principles and Rights at Work, and the United
Nations’ Guiding Principles on Business andHuman Rights.
The ACCO Brands Supplier Workplace andSecurity Code of Conduct can be see here:

Conflict Minerals
ACCO Brands is committed to the responsible sourcing of 3TG, including from thecovered countries. We encourage our suppliers to respect human rights and source
products and components in a socially and environmentally responsible manner.
We partner with specialized third-party companies annually to facilitate thecollection of required documents to ensure compliance with the policy.
The ACCO Brands Conflict Minerals Policy and Modern Slavery Act Statement can be seen here:

Supply Chain Responsibility

At ACCO Brands EMEA, we have acomprehensive approach to ensuring our whole
supply chain is responsibly managed from botha social and an environmental perspective.

TAKING CARE OF TOMORROW

Supply Chain Monitoring
Worker Sentiment Surveys are a critical part of our audit process. Using
automated technology, workers share their views on topics such as
grievance mechanisms, work atmosphere, wages and hours, andproduction efficiency. Their responses offer insight into issues that may
not otherwise surface and provide workers’ perspectives that help
validate the overall assessment of compliance. A Worker Sentiment
Survey was completed as part of 90% of ACCO Brands-initiated, thirdparty EMEA supplier audits in 2022.
See details of the supply chain monitoring on page 45

Supply Chain Responsibility

The core of our Social Responsibility Policy is our Supplier Code of
Conduct which establishes our standards and expectations regarding
working conditions, safety, security and environmental responsibility.
We conduct audits of our suppliers as well as our own manufacturing
facilities according to a risk segmented approach. For any failures toconform, or “non-conformances” which are identified during the audit,
we require the supplier to create a corrective action plan and monitor
the progress until all major non-conformances are resolved. Our
compliance experts provide support to suppliers with tailored training
and coaching on specific social, environmental and governance issues,
capacity building, e-learning and sharing best practices.
All audits are conducted by a specialized third party. Our audit
approach is designed to align risk, influence, compliance, corrective
action and investment.

TAKING CARE OF TOMORROW

Supply Chain Monitoring: Results ACCO Brands EMEA

2021 Result

Highlights

100%

95%

Some new suppliers missing

Percentage of Priority and Moderatelevel (>$100K annual spend) supplierfactories audited

100%

99%

87 EMEA suppliers determined to be in-scopefor audits in 2022 using a risk-based supplier selection.
We are working with the one as yet unaudited supplier tohelp them prepare fully for their first audit.

Social responsibility audit
assessment overall performance

100%

98%

98% of all audit checklist points indicatedconformance with applicable standards

Priority issue non-conformance rate

0%0%

Priority non-conformances are defined as
the highest severity of non-conformance

Other non-conformance rate0%2%

All other non-conformances

Supply Chain Responsibility

In-scope suppliers attested to compliance with the
ACCO Brands’ Supplier Code of Conduct

TargetTAKING CARE OF TOMORROWACCO Brands EMEA
Sustainable Development
Report 2022
Results Summary

TAKING CARE OF TOMORROWACCO Brands EMEA Sustainability Scorecard 2022: Operational Environmental Impact
Target 2025

Emissions:
Total CO2
CO2 from Electricity
MWh electricity
Water Consumption:
All factories & warehouses

Zero Waste
In factories & warehouses

33% of our company car fleet
hybrid or electric

Improvement
versus 2019*2021 Result

2022 Result

Progress

Great progress towards our 2025 zero
emissions from electricity goal, with afurther 47% reduction! Overall, a 39%
reduction in emissions.

2 250 T CO2
0
22 830 MWh

-75%
-100%
-10%

8 897 T CO2**
6 291 T CO2**25 266 MWh

5 432 T CO2
3 319 T CO2
21 167 MWh

25 345K Litres-15%

31 426K Litres

23 885K Litres

A great result. Further careful monitoring
required.

94% of total
waste recycled

92% of total
waste recycled

As the factories become more efficientand reduce overall waste, the moredifficult to recycle warehouse waste
becomes a higher proportion of thewhole.

10%

19%

A big jump from just under 6% to 19%.
Interest in switching to EVs is high!

98% of total waste
recycled

33%

+5pp

Change from 2020:
28pp (from 5.6%)* 2019 taken as base year as the Covid 19 pandemic led to inconsistent results in 2020** Figures 4-5% higher than was reported in 2021 due to Corrections made for gas consumption in Gorgonzola, Italy andelectricity conversion factor in Sint Niklaas, Belgium.

TAKING CARE OF TOMORROWACCO Brands EMEA Sustainability Scorecard 2022: Product Environmental Impact

Target 2025

A Sustainable Choicein every key category

500 Products
Where minimum 30%of plastic is recycled
Increase revenue from sales of
3rd party certified products by
10pp
Sustainably sourced /recycledwood fibres used in
manufacturing

21/21 categories

500 Products

39%

100%

Improvement
versus 2020+11 categories

+450

+10pp

+0.7%

Result BaseYear

2020: 102020: 50

2019: 29%99.1%

2022 Result

Progress

11

The PEFC certification for the Derwent
brand was a great step towards a moresustainable choice for our customers!

80

Good progress but we are still looking tofind more technically feasible andaffordable recyclates so we can reallybuild this number!

34%

In total more certified products but withthe sales mix switching away from paperbased products, the overall percentage
of certified sales is lower

99.7%

After the PEFC certification on our
Derwent pencils made in Lilyhall, there
are very few uncertified, virgin fibre
materials left.

TAKING CARE OF TOMORROWACCO Brands EMEA Sustainability Scorecard 2022: Working Relationships & Social Commitment
Target 2025

2022 Result

Progress

25% of leadership team (Director+) being
women

25%

22.3%

Programmes have been kicked-off, initialprogress has been made.

In scope, tier 1 suppliers signed up to the ACCO
Brands Code of Conduct

100%

95% of non-European OEM suppliers have signed
our Code of Conduct.

The list of suppliers changes constantly, andthe documentation must be kept up to
date.

Percentage of Priority and Moderate level(>$100k annual spend) supplier factories
audited100%

99%

87 suppliers were defined as being in scopein 2022 as explained on page 44.

Priority issue non conformance rate
Other non-conformance rate

0%
0%

0%
2%

Of those suppliers audited, only 2% of audit
lines were assessed as non-conforming andimprovement plans were agreed on
together with the suppliers.

25

A disappointing increase in the number ofaccidents, probably due to the lack of faceto-face training and audits during Covid. An
improvement plan is in place.

Zero Accidents

0

See a breakdown of the Statutory Reportable Accidents per site on page 58

TAKING CARE OF TOMORROW

Where Next in 2023?
We worked hard in 2022 and made some good progress.
But it is never enough and we are never satisfied, we want
more! And we will push ourselves to achieve more in
2023! We of course want to get closer to our 2025 goal ofzero emissions from electricity. We want to see our firstsolar park up and running. We want to have more products
made with recycled plastic, we want to better understandthe carbon footprints of our products. We want to see far
fewer accidents in our factories & warehouses and wewant to see more ACCO Brands EMEA company cars aselectric or hybrid models. We want to support oursustainability champions in rolling out programmes at all
our sites across Europe! There is so much to do! Bring on2023, we are ready!

TAKING CARE OF TOMORROWACCO Brands EMEA
Sustainable Development
Report 2022
Additional Information

TAKING CARE OF TOMORROWACCO Brands EMEA Key Products:

Lever archfiles
& binders

Staplers & Perforators

Paper
shredders

Binding & Lamination

Hot desking
solutions/mouldedproducts

Hanging Files &Presentation folders

Paper pads

Fine Art
Products

Storage &ArchivingTAKING CARE OF TOMORROWACCO Brands EMEA Key Products:
Workspace
Ergonomic
products

Gaming18V Power Tools

Notice boards &EaselsHome Organisation

Manual Tools

ComputerAccessories andSecurity
VisualCommunication
Products
Wellbeing

Print
Finishing
Solutions
Glue Guns

TAKING CARE OF TOMORROWACCO Brands EMEA:
Manufacturing & Distribution:
Ten EMEA Factories plus Shanghai:• Sint Niklaas, Belgium• Arcos, Portugal• Lillyhall, U.K.
• Uelzen, Germany• Gorgonzola, Italy• Hestra, Sweden• Lanov, Czech Republic• Kozienice, Poland• Hotkovo, Russia*• Cerkezkoy, Turkey• Shanghai, China
Five Additional Distribution Centers:• Halesowen, U.K.
• Barcelona, Spain• St. Amé, France• Heilbronn, Germany• Prague, Czech Republic* The Hotkovo facility was closed in August 2022

Sales Offices
Manufacturing
Distribution
Testing (PT), Museum (UK)

Also:
ShanghaifactoryTAKING CARE OF TOMORROWISO Certifications
ACCO Brands is committed to maintaining
internationally recognized quality andenvironmental standards across all of our
EMEA production facilities. As such, they
are all (plus the Shanghai facility) ISO
9001 and 14001 certified. In addition, allwarehouses and Sales offices in Europe
are also certified to these management
systems.
Eight sites in Germany and the UK are also
certified to ISO 50001 for Energy
Management.

TAKING CARE OF TOMORROWEMEA Sustainability Steering Committee
We host a quarterly meeting to go over current position and plan future projects and goals attended by:• Senior Vice President, Operations• Senior Vice President, Marketing and R&D• Vice President, Operations, Production• Vice President, Procurement• Vice President, Human Resources• Vice President, Innovation and R&D• Sustainability Director, Europe

TAKING CARE OF TOMORROWA More Sustainable Choice in Every Key Category
Category

More Sustainable Choice
Available✓

Lamination machines &supplies

Not yetBlue Angel, recycle, climate neutral✓

Shredders

Not yet

Recycled, climate neutral✓

Whiteboards

Not yetDocument Presentation & Blue Angel certified, recycled, climate
Organisation
neutral✓Not yetArchive boxes & Storing

Recycled, FSC® certified, recyclable✓

Not yet

Suspension filingBlue Angel certified, recycled, climate
neutral✓Connect IT Docks, Hubs,
Cables &Adaptors
Control IT Trackball,Mice & Keyboards
Ergonomic products

Not yet

Not yetBlue Angel certified, recycled, climate
neutral✓Secure IT / Kensington
Security

Not yet

Staplers & Pliers

Recycled, recyclable, climate neutral✓

Health & Wellness / Air
Purifiers

Staples & staple
cartridges

Boxed versions, staples themselves arealways recyclable✓

Drawing & Writing
Instruments

PEFC certified, refillable tins✓

Hole punches

Recycled, recyclable, climate neutral✓

Stapling guns manual

Not yet

Tools, staples

Boxed versions are available but we aim toswitch more blister to boxed versions

Category

More Sustainable Choice
Available

Lever Arch Files &Accessories

Blue Angel certified, recycled, recyclable,
CO2 neutral versions

Indices & Dividers
Pockets & Folders

Desktop (Moulded)

Done

Done

TAKING CARE OF TOMORROW

Healthy and Safe Work Environment
Total Statutory Reportable Accidents at Factories and Warehouses

Facilities EMEA

2020

2021

2022

Warehouses EMEA

2020

2021

2022

Kozienice, Poland

3

3

6

Heilbronn, Germany

4

1

3

Uelzen, Germany

2

3

7

St. Amé, France

0

1

1

St. Niklaas, Belgium

0

0

1

Halesowen, U.K.

0

0

0

Gorgonzola, Italy

1

0

2

Barcelona, Spain

1

2

0

Cerkezkoy, Turkey

0

0

0

Lanov, Czech Republic

0

1

2

Total Accidents

15

15

25

Hotkovo, Russia

0

0

0

Hestra, Sweden

1

2

2

Arcos, Portugal

0

1

0

Lillyhall, U.K.

0

0

1

Shanghai, China

3

1

0

TAKING CARE OF TOMORROWUN Sustainable Development Goals
With our actions to lessen our impact on land and air and to improvesocial conditions in our company and with suppliers, we support
some of the United Nations Sustainable Development Goals as listed:
5. Gender Equality
5.5.2 proportion of women in managerial positions➔ See our goal to increase women in management
positions, pages 42 & 49.
8. Decent Work & Economic Growth
8.7 Take immediate and effective measures to eradicate
forced labour, end modern slavery and human trafficking
and secure the prohibition and elimination of the worst
forms of child labour, including recruitment and use ofchild soldiers, and by 2025 end child labour in all its
forms
8.8 Protect labour rights and promote safe and secure
working environments for all workers, including migrant
workers, in particular women migrants, and those in
precarious employment➔ See our approach to supply chain responsibility
on pages 43-45.

12 Responsible Consumption & Production
12.5. By 2030, substantially reduce waste generation throughprevention, reduction, recycling and reuse
12.6 Encourage companies, especially large and transnational
companies, to adopt sustainable practices and to integratesustainability information into their reporting cycle➔ See our actions on waste prevention & recycling, pages 2527 and this report as a whole as evidence of our adoption ofsustainable practices
13 Take urgent action to combat climate change and its impacts➔ Not specific to a UN target but we aim to reduce ouremissions to air and monitor our progress. For our climate
neutral products, we invested in projects to reduce emissions indifferent parts of the world. Our goal to reduce emissions fromelectricity to zero by 2025 is our significant contribution towards
achieving this.
15 Protect, restore and promote sustainable use of terrestrial
ecosystems, sustainably manage forests, combat desertification,and halt and reverse land degradation and halt biodiversity loss
15.2 By 2020, promote the implementation of sustainable
management of all types of forests, halt deforestation, restore
degraded forests and substantially increase afforestation andreforestation globally
15b Mobilize significant resources from all sources and at alllevels to finance sustainable forest management and provide
adequate incentives to developing countries to advance suchmanagement, including for conservation and reforestation➔ See our FSC® and PEFC certifications and our efforts to use
recycled & responsibly sourced paper & wood on pages 36 & 37.

TAKING CARE OF TOMORROW

Leitz:

Climate Compensated Products
The carbon footprints of our climate compensated products have been carefully
assessed and measured by Climate Partner with a “Cradle to grave” approach. Here,emissions were taken into account according to the following lifecycle stages:
Extraction and pre-processing of raw materials and packaging, production, supply of
the product up to the customer’s factory gates, use phase as well as any relevant
disposal emissions for the product and its packaging.
Where possible, primary data was used. Where this was not possible, secondary data
was gathered from recognised sources. The underlying emission factors are derived
from international databases, such as ecoinvent or GEMIS. All greenhouse gases weretaken into account for the calculation and are represented in carbon dioxide
equivalents CO₂e) for improved legibility and comparability. Emissions that could not
be directly attributed to the product but were required for production, such as
employee commuting or business travel, were also included in the calculation as“general emissions”.

Esselte:Rapid:

The compensated products are tracked on the listed web pages by brand. Thesepages show the amounts compensated and the projects supported in more detail.
Carrying out the product carbon footprints for all these products (total 199) has
helped us to start to understand the CO2e impact of some of our ranges of products
and we are building on this to learn more about further product ranges.

Bene: