Airbus - 2022 Universal Registration Document

Risk Factors / 4 Environment, Human Rights, Health & Safety Risks

Climate-related risks: Technology. Transition – Technology

Change in climate, weather, environmental conditions, water availability and sea level rise. Physical – Chronic The foreseen consequences of climate change include harsher average weather conditions, increased temperatures and a rise in sea level. The change in environmental conditions and available resources for manufacturing activities could produce an accelerated degradation of the Company’s industrial infrastructure and assets (buildings, tools, hardware), and disruption of its supply chain therefore impacting the Company’s manufacturing activities. In addition, the change in environmental conditions could also negatively impact the performance of products in operation and negatively impact the health and safety of the Company’s employees. Longer-term shifts in climate patterns may result in temporary production disruption leading to loss in revenues and subsequently profit margins. Additionally, shifts in climate patterns could trigger the need for additional modifications to the Company’s products as well as to industrial operations and procurement strategy, leading to increased costs and the adaptation of the Company’s insurance policy. Change in climate, weather, environmental conditions and water availability. Physical – Acute The foreseen consequences of climate change include more frequent extreme weather events, such as hurricanes, hail storms, heat waves, droughts or extreme cold spells. These could negatively impact the Company’s products and operations, including but not limited to changes to aircraft operation safety standards, destruction and/or damage of exposed industrial infrastructure and increased risk to people’s safety. The above may result in temporary production disruptions leading to loss in revenues and subsequently profit margins. Additionally, it could trigger the need for additional modifications to the aircraft in order to meet more stringent safety standards, as well as to industrial operations and procurement strategy, leading to increased costs and the adaptation of the Company’s insurance policy.

The Company has identified the risk of a reduction in the Company’s business, results of operations and financial condition if a competitor brings a lower emission product to the market before it does. Delivering on commitments and potential future requirements to mitigate climate impacts will require significant technological developments for the commercial aircraft sector as well as appropriate infrastructure developments and other ecosystem adaptations. In the event that a competitor or new market participant has access to technological developments unavailable to the Company and is able to place on the market a large passenger aircraft with significantly lower emissions before the Company, climate mitigation requirements may push the market towards competing products until the Company and its partners can develop a competing alternative, which could lead to a temporary loss of market share and competitiveness as well as reduced revenue. This risk may trigger the need for the Company to develop new technologies faster in order to be able to market competitive products, leading to substantial research & technology (“ R&T ”) and research & development (“ R&D ”) expenses. Energy Ecosystem Readiness. Transition – Market The Company has identified the risk of low volumes of renewable electricity and of available sustainable biomass and the risk of them not being directed for the use of industries and/or aviation. This could result in insufficient quantities of sustainable aviation fuels (“ SAF ”), hydrogen, and energy for manufacturing activities, thereby limiting the Company’s decarbonisation levers to align with the Paris Agreement temperature targets and increasing costs and operational restrictions. This could result in reduced attractiveness of current and new products leading to lower or longer returns on invested R&D. This market risk may trigger the need for the Company to deploy a dedicated ecosystem engagement plan (see “– Information on the Company’s Activities – Non-Financial Information – 1.2.2 Climate change”), leading to material operating expenses and/or related investments.

Climate scenario / time horizon(s) where risk or opportunity likelihood is considered medium or high, based on Company’s qualitative analysis

Company’s climate-related risks mapping

RISKS (see “– Risk Factors” for full description)

1.5°C

2°C

3°C

Transition – Technology Transition – Market Physical – Chronic Physical – Acute

: ST –

: MT –

: LT

24

Airbus / Universal Registration Document 2022