Sustainability Report - FY 2023

Environmental Information Climate Change

Decarbonisation strategy The process evolves through a dynamic cycle of analysis, adaptation, implementation and monitoring. 1. Environmental Impact Assessment The first phase involves an in-depth analysis of the environmental issues affecting the Company. By using scenario planning, Exclusive Networks can anticipate the impact of different environmental scenarios on its operations, enabling a tailored strategic response. 2. Adaptation of the Strategy and the Transition Plan The insights from scenario analysis guide the adaptation of the Company’s strategy and transition plan. This ensures that the business remains resilient and adaptive to environmental changes while maintaining performance and competitiveness. 3. Implementation of mitigation actions in France Practical steps are taken to implement mitigation actions that can either realise or enhance environmental opportunities. This phase is about transforming strategy into action, with a focus on achieving short-term goals aligned with the 2025 targets and engaging relevant business departments to ensure that these actions are integrated across the Company. 4. Measuring the impact and monitoring progress The Company is committed to regularly measuring its performance in comparison with the transition strategy and plan. This involves a continuous cycle of updating and refining carbon footprint calculations, assessing progress annually, and adjusting the decarbonisation plan as necessary. The decarbonisation journey at Exclusive Networks is not a linear path, but a strategic cycle that involves constant iteration and refinement. The Company is guided by a set of short-term (2025) and long-term (2030) goals, which are underpinned by both business as usual and transition scenarios. In addition, the importance of communication and approval processes within the Company structure should be emphasised. A dialogue is established with the Executive Committee, ensuring that the transition plan receives the necessary executive support and that the strategic objectives are reported and integrated into the overall strategy of the Company.

Environmental scenarios Exclusive Networks has established potential trajectories for its decarbonisation journey, based on two environmental scenarios. Business-as-usual (BAU) scenario In this scenario, we observe the continuity of economic trends without any constraints related to climate objectives. This scenario includes:  sustained growth in the cybersecurity market, with Exclusive Networks anticipating growth of up to $106 billion in 2027; and  a stable split between hardware and cloud, with increased energy consumption due to the use of hardware products. In this scenario, no significant actions or changes are undertaken by Exclusive Networks or external stakeholders to alter the current emissions trend. Transition Scenario (T) In contrast to the baseline scenario, the transition scenario describes a proactive approach where Exclusive Networks, in response to macroeconomic developments and the actions of external stakeholders, aligns with a greener business model. Sales follow the same growth trajectory as in the BAU scenario, but with a transition to a greater distribution of services/software over hardware products by 2030, in response to energy savings provided by suppliers. In this scenario, Exclusive Networks implements:  internal actions to reduce its carbon footprint, such as electrifying its vehicle fleet, converting gas boilers, limiting business air travel, optimising freight, and increasing the use of recycled plastics; and  external actions such as the decarbonisation of the energy mix by countries, energy efficiency commitments by suppliers, and measures such as the ban on coal for urban heating networks in France. It is assumed that this transition is indirectly propelled by increased awareness of environmental issues and suppliers’ efforts to improve energy efficiency. These scenarios are not mere projections, but serve as a strategic tool to navigate transition risks, capitalise on opportunities, and support the development of a 2024 2030 decarbonisation roadmap, reflecting Exclusive Networks’ short- and long-term goals.

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Exclusive Networks SA

2023 Sustainability Report