Climate change

Tackling climate change is a key pillar of METLEN's broader Sustainable Development strategy and is directly linked to the Global Sustainable Development Goals. The Company is strategically positioned at the forefront of the energy transition as a leading and integrated "green" utility, internationally, and as a reference point for competitive "green" metallurgy at European level, contributing substantially to the effort to decarbonize the global economy. economy, which needs to be achieved well before the end of the 21st century and in the European Union by 2050. According to the 2025 Dual Materiality Assessment, the significant impacts related to climate change are:

• Release of CO₂ emissions from energy-intensive activities
• Activities focused on accelerating the energy transition

In this context, the Company's approach is characterized by:

• The utilization of new business opportunities that emerge in the context of the energy transition.
• The implementation of an Environmental Policy with an emphasis on the responsible use of energy and resources, as well as the management of the effects of climate change.
• The establishment of commitments and targets for the reduction of the carbon footprint, integrated into the overall business strategy.
• The adoption of the TCFD guidelines and the strengthening of the resilience of production units against climate risks.
• The integration of the climate dimension into key administrative functions.
• Participation in the CDP - Climate Change initiative, with transparent assessment and actions to manage climate risks and opportunities.

See more in the  Company's Annual Report 2025.

METLEN has developed a clear and multi-level governance system for managing issues related to climate change, which runs horizontally through its business activities and vertically through the decision-making levels. The Sustainable Development Committee of the Board of Directors is the key oversight body, ensuring the strategic integration of climate considerations into corporate operations, through regular meetings, monitoring of objectives and evaluation of initiatives and related risks and opportunities.

The General Division of Corporate Governance and Sustainable Development has a crucial coordinating role, as it works closely with the Divisions' management and sustainability teams to promote CO₂ emission reduction actions, monitor progress, provide technical guidance and link actions to the broader energy transition strategy.

In addition, METLEN strengthens climate governance through:

• the integration of CO₂ emission indicators into the remuneration of senior management;
• the adoption of green financial tools;
• the assessment of suppliers based on climate criteria,
• participation in initiatives such as CDP and alignment with the TCFD;
• the continuous updating of the Board of Directors on the progress of the climate targets and the Company's exposure to related risks.

Through this institutional and operational framework, METLEN ensures that the challenges of climate change are effectively addressed and that they are effectively integrated into its operational strategy.

See more in the Company's Annual Report 2025.

METLEN systematically assesses its resilience to climate change-related risks and opportunities, applying scenario analysis and considering alternative climate and technological developments. This approach supports the transition plan and the achievement of the Group's revised climate targets.

Regarding climate change-related opportunities, METLEN is strategically positioned to capitalize on energy megatrends, mainly through the development and operation of renewable energy sources, grid upgrade projects internationally, and the utilization of the growing markets of hydrogen (H2) production and Carbon Dioxide Capture (CCUS). At the same time, benefits for the Company's business strategy arise both from the different ways of utilizing natural gas, in the context of the energy transition, and from the increasing integration of recycled aluminum into its product mix, aiming at greener outputs.

METLEN, in the context of its environmental policy, has developed and implements key actions aimed at reducing CO₂ emissions in the main Sectors of its Business Activity. These actions affect various groups of the Company's Social Partners, such as financial institutions, local communities that benefit from the reduction of emissions, as well as the investment community by providing reports on the actions and results of reducing CO₂ emissions. Indicatively, the following are mentioned:

• Application of cutting-edge technologies and the utilization of digital industrial methods in the stages of aluminum production.
• Electrification of primary aluminium production from RES.
• Increase in the production of secondary aluminium.
• Industrial electrification initiatives.
• Continuous development of the RES portfolio.
• Replacement of all company vehicles with electric ones.

See more in the  Company's Annual Report 2025.

In 2025, METLEN completed a review of its climate targets, taking into account the evolution of its business portfolio, new activities and changes in the Group's emissions footprint. In this context, revised targets for 2030 were set, which provide for a 26% reduction in total Scope 1 and Scope 2 emissions at Group level, a 38% reduction in emissions from the Metals Sector, a 68% reduction in the emission intensity from aluminium production and a 16% reduction in the emissions of the Energy Sector, with a base year of 2024. These targets are key milestones in the Group's path towards achieving net zero emissions by 2050.

Key results of 2025:

• 4% reduction in the Group's total Scope 1 and Scope 2 emissions compared to the 2024 base year.
• 12% reduction in Scope 1 and Scope 2 emissions of the Metals Sector compared to the base year 2024.
• 16% reduction in the intensity of emissions from aluminium production compared to the base year 2024.
• 3% increase in greenhouse gas emissions (Scope 1 and Scope 2) of the Energy Sector compared to the base year 2024.
• A complete revision of the Group's climate targets and decarbonization plan by 2050.

See more in the  Company's Annual Report 2025.