Compagnie des Alpes // 2021 Universal Registration Document

4 STATEMENT OF NON-FINANCIAL PERFORMANCE Application of the European Taxonomy

4.6 Application of the European Taxonomy

4.6.1 METHODOLOGICAL NOTE Regulatory context

emissions in the European Union and which require priority action (activities known as “eligible for the European taxonomy”). The other four environmental objectives will subsequently be the subject of additional delegated acts. Since 1 st January 2022, and pursuant to the Taxonomy Regulation and the Delegated Act relating to Article 8 of the Taxonomy Regulation published on 6 July 2021, certain companies, and in particular those required to publish an Annual Statement of Non-Financial Performance (SNFP) in accordance with the NFRD directive, must publish sustainability indicators such as the share of their revenue, capital expenditure (Capex) and operating expenditure (Opex) relating to the 2021 financial year that is associated with activities eligible for the European taxonomy. In this context, the Company carried out the following analysis. Scope concerned The scope of analysis is identical to the scope of reporting required for the SNFP mentioned in §4.5. Revenue eligibility Compagnie des Alpes has systematically reviewed the activities described (sector, activity, description) in the delegated acts (Appendix 1 and Appendix 2 of the regulation): l as regards the objective of mitigating climate change on the one hand, and adapting to climate change on the other; l by targeting products and services sold by the Company and generating revenue, without taking into account activities solely related to internal operations (the latter being taken into account for the Opex and Capex analysis); l with a particular focus on the Transport sector, in line with the traditional business of a ski lift operator.

In order to promote transparency and a long-term vision in economic activities and to redirect capital flows towards sustainable investments, the European Union’s action plan for the financing of sustainable growth has led to the creation of a common system for classifying business activities to identify economic activities considered sustainable. This system is defined in European regulation (EU 2020/852 Taxonomy) which entered into force on 12 July 2020 (the “ Taxonomy Regulation ”). To determine whether an activity can be considered sustainable, it must: l contribute substantially to one or more of the following environmental objectives: (i) climate change mitigation, (ii) climate change adaptation, (iii) sustainable use and protection of aquatic and marine resources, (iv) the transition to a circular economy, (v) the prevention and control of pollution, and (vi) the protection and restoration of biodiversity and ecosystems; l do not cause significant harm to any of the environmental objectives; l be exercised in accordance with the OECD Guidelines for Multinational Enterprises and the United Nations Guiding Principles on Business and Human Rights, including the International Labour Organization (ILO) Declaration on fundamental principles and rights at work, the eight fundamental conventions of the ILO and the International Bill of Human Rights; l comply with the technical review criteria established by the Commission. On 4 June 2021, the European Commission adopted the Climate Delegated Act, which defines the technical review criteria for the first two environmental objectives (climate change mitigation and adaptation to climate change) and identified more than 70 sub- sectors of economic activities representing 93% of greenhouse gas

Sectors and activities (excluding Transport) not included in the products and services sold by Compagnie des Alpes 1. Forestry; 2. Environmental protection and restoration activities; 3. Manufacturing industry; 4. Energy; 5. Water production and distribution, sanitation, waste management and pollution control; 7. Construction and real estate; 8. Information and communication; 9. Professional, scientific and technical activities; 10. Financial and insurance activities; 11. Education; 12. Human health and social action; 13.3. Production of motion pictures, videos and television programmes; sound recording and music publishing

Objectives in question Result of the analysis

Climate Change Adaptation and/or Climate Change Mitigation

The products and services sold by Compagnie des Alpes are not concerned.

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Compagnie des Alpes I 2021 Universal registration document