Sustainability Report 2023

Environment Greenhouse gas emissions As a manufacturing business in the metalworking industry, it is impossible for us to leave no ecological footprint whatsoever. We are therefore committed to being transparent about our emissions across our value chain. Steel production and machining are both very energy-intensive processes. Likewise, the industrial sector as a whole generates 34.5 million tonnes CO2e (according to the Austrian Climate Change Report 2023) and is one of the biggest contributors to greenhouse gas emissions (incl. EU emissions trading) in Austria (valid as at 2021). If we are to help build a sustainable future, we therefore have a fundamental responsibility to cut our emissions and keep them as low as possible. As a co-initiator and founding member of the Vorarlberg Climate Neutrality Alliance 2025 – now known as ‘turn to zero’ – Julius Blum GmbH has been working to reduce its emissions in absolute terms since 2013. As a company, we also offset our emissions through a financial contribution calculated at the rate defined by the Alliance each year. These funds are used to support sustainable projects ranging from social projects and awareness campaigns to local reforestation projects. The Alliance also provides companies with advice on their emissions and supports them in calculating their carbon footprint. ➔ GRI 305-5 42 © Copyright by Blum

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