Airbus - 2022 Universal Registration Document

1. Information on the Company’s Activities /

1.2 Non-Financial Information

01

Contextual Information About the OpEx KPI The Company’s OpEx definition differs from the EU Taxonomy OpEx definition. For the purpose of the EU Taxonomy disclosure, only research and development costs are considered. Future Developments In the coming years, the Company will continue to report under the EU Taxonomy with regard to its Taxonomy-eligible economic activities as well as its Taxonomy-aligned economic activities. This entails a further and continuous review of our economic activities. Future guidance on the EU Taxonomy could result in updated definitions and other decision-making in meeting reporting obligations that may come into force. The Company expects that its reporting will evolve over time as more insights will be gained on how best to comply with the EU Taxonomy. If the delegated act related to the manufacturing of aircraft is adopted under the EU Taxonomy Regulation, the turnover generated by sales of commercial aircraft may then become eligible. Estimated eligibility and alignment if aviation-related technical screening criteria were to be adopted as per draft recommendation: Pursuant to the Draft Recommendations, aviation-related activities are included in the EU Taxonomy by

means of delegated act(s) to be adopted in 2023. The Company’s commercial aircraft activity corresponding to NACE code 30.3 is described under section 7.2 Manufacturing of aircraft of the Draft Recommendations (1) . According to the Draft Recommendations, a majority of the Company’s 2022 turnover would be eligible, mainly including the turnover generated by sales of commercial aircraft. Based on the same information, the Company estimates that a significant portion of this eligible turnover could be Taxonomy-aligned, subject to Do-No-Significant-Harm criteria and minimum safeguards criteria assessment. As per the technical screening criteria of section 7.2 of the Draft Recommendations, the alignment would correspond to the proportion of new aircraft sold that will replace less efficient older generation aircraft, and therefore contributing to reducing the overall carbon footprint of aviation – as described in section “– 1.2.2 Climate change” / IV. Transition plan / 2. Product stewardship. Activities from the Company’s two Divisions may be covered to some extent in future developments of the EU Taxonomy, while current level of information available does not enable the Company to provide an estimate. Accordingly, “best-in-class” aircraft programme related CapEx, and R&D (Operating Expenses) should be respectively eligible and aligned at least in proportions similar to turnover ones.

(1) Platform on Sustainable Finance: Technical Working Group / Part B – Annex: Full list of Technical Screening Criteria March 2022.

143

Airbus / Universal Registration Document 2022