Sustainability Report

^[1] This report has been prepared using the VSME standard, Basic Module, on an individual basis, for the 2025 financial year (01/01/2025 – 31/12/2025).

^[2] The report has been prepared on an individual basis and refers exclusively to SEAL-TEAM S.r.l., whose sole registered office and operational site is located at Via San Francesco d'Assisi 20-22, 24060 Vigolo (BG). The company holds no equity interests in subsidiary undertakings.

^[3] SEAL-TEAM S.r.l. is a limited liability company whose sole shareholder is SEAL-TEAM HOLDING S.r.l. (100% of the share capital of EUR 52,000, Tax Code 04719810162), and is managed by a Sole Director.

^[4] The reported sector code (NACE C 22.12 – Manufacture of other rubber products) reflects the update to the ATECO 2025 classification (code 22.12.00), following the ex officio reclassification carried out by the Companies Register. In the previous Chamber of Commerce company report (28/11/2024), the activity was classified under ATECO 2007-2022 code 22.19.09 / NACE 22.19.

^[5] The number of employees (24) is determined as at 31/12/2025, based on the company's Single Employment Register (Libro Unico del Lavoro).

^[6] The practices established by SEAL-TEAM S.r.l. cover four areas: (i) Climate change: practices formalised in the 2025-2027 ESG Plan (approved on 24/04/2025), which provides for the purchase of Guarantee of Origin certificates covering up to 100% of electricity requirements in 2025 (target achieved), the installation of a photovoltaic system and the estimation of Scope 1 and Scope 2 emissions by 2026 (target brought forward to 2025); (ii) Own workforce: practices governed by the Code of Ethics (approved on 15/09/2025) in Articles 13-18 (personnel management and selection, health and safety) and Article 3 (protection of human rights, rejection of child and forced labour, non-discrimination); (iii) Business conduct: practices governed by the Code of Ethics in Articles 4-5 (gifts and conflicts of interest), 9-12 (intellectual property, competition, anti-money laundering, export controls), 19-22 (relations with suppliers, customers, external collaborators and the Public Administration) and 25 (accounting transparency); (iv) Circular economy: for further details on the policies, please refer to data point B7.

^[7] As at the reference date, the Code of Ethics and the ESG Plan are made available internally (company notice board and individual delivery to new hires, collaborators and directors, as provided for by Article 2 of the Code of Ethics) and are published on the company website.

^[8] The climate change policy is associated with quantitative targets defined in the 2025-2027 ESG Plan: coverage of 100% of electricity consumption from renewable sources by 2025, and estimation of Scope 1 and Scope 2 emissions (baseline) by 2026.

^[9] Electricity consumption corresponds to the company's annual consumption in the period under consideration. The supply contract is 100% "Energia Verde" (Green Energy) branded, with a dedicated variable green energy sales charge, as shown in the "Mix energetico" (energy mix) section of each utility bill.

^[10] Scope 1 emissions (39.67 tCO2e) derive from the fuel consumption of the company fleet (11 vehicles, a total of 14,970 litres of diesel and petrol in 2025), calculated using the GHG Protocol fuel-based method and applying the ISPRA emission factors for road transport fuels (diesel 2.65 kgCO2e/l; petrol 2.20 kgCO2e/l). The boundary includes all vehicles in the company fleet.

^[11] Location-based Scope 2 emissions (236.57 tCO2e) are calculated by multiplying total 2025 electricity consumption (916,579 kWh) by the average emission factor of the Italian national electricity mix, equal to 0.2581 kgCO2e/kWh. The location-based method does not take into account the specific supply contract, but rather the average grid mix.

^[12] Market-based Scope 2 emissions are equal to zero by virtue of the cancelled Guarantees of Origin (GOs) (917 MWh, hydroelectric source, Grosio plant), as per GSE Cancellation Statement No. 202603250094256 of 25/03/2026, which covers 100% of 2025 electricity consumption. The emission factor applied to the energy covered by GOs is 0 kgCO2e/kWh, in line with the GHG Protocol Scope 2 Guidance (market-based method).

^[13] The total (276.24 tCO2e) is the arithmetic sum of Scope 1 emissions (39.67 tCO2e, company fleet) and location-based Scope 2 emissions (236.57 tCO2e, electricity consumption × ISPRA national average grid factor).

^[14] The total (39.67 tCO2e) is the sum of Scope 1 emissions (39.67 tCO2e, company fleet) and market-based Scope 2 emissions (0 tCO2e, reduced to zero by the GSE Guarantees of Origin), and is numerically equal to Scope 1 emissions alone.

^[15] Value estimated on the basis of the instrumental/cadastral survey of the entire plot.

^[16] Water withdrawal for 2025, from the public water supply network, was determined by combining actual meter readings with a proportional estimate for the periods without actual readings.

^[17] 2025 data taken from the MUD (Single Environmental Declaration Form, RIF sheet, EWC code 070299): waste generated, with disposal assumed in the absence of information on its destination for recovery by third parties.

^[18.1][18.2] 2025 quantities calculated by summing the monthly purchases of raw materials (recorded in kg) and of packaging (recorded as number of pieces, whose weight was estimated by type and multiplied by the quantities purchased), aggregated by elastomer family (including EPDM, NBR, ACM, VMQ).
Materials marked with "*" refer to estimates based on the available data, as these materials were not recorded by weight or volume but by number of pieces/packs/bottles purchased.

^{[19.1][19.2][19.3][19.4]} Data as at 31/12/2025 (24 employees: 13 men, 11 women), as per the Single Employment Register (Libro Unico del Lavoro).

^[20] 2 departures in 2025 out of a workforce of 24, offset by an equal number of new hires.

^[21.1][21.2] No accidents recorded in the reporting period (2025).
No fatalities recorded in the reporting period (2025).

^[22.1][22.2] 100% of employees are covered by the CCNL Gomma-Plastica Industria (National Collective Labour Agreement for the rubber and plastics industry).

The 2025 pay gap, calculated on the basis of average hourly pay by gender, includes all employees.
The result shows a gap of 24.1%, mainly attributable to two factors:
- length of service, which is significantly higher for male employees than for female employees;
- the pay component of the heads of company functions, who are also employees of the company and receive remuneration consistent with their managerial role, thereby contributing to widening the overall gap.

^[23.1][23.2] Training hours delivered in 2025, according to the company training register, calculated on employees on the payroll during the year (excluding collaborators and employees who left during the year); new hires in 2025 are counted with their full hours, without pro-rating for the period of actual employment.