Industrie De Nora S p A : Consolidated Non-Financial Statement pursuant to Italian Legislative Decree 254/2016 (

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22 Sustainability

report

Consolidated Non-Financial Statement pursuant to Italian Legislative Decree 254/2016

I N D U S T R I E D E N O R A

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00 Overview

1. Letter to Stakeholders

01 Identity of De Nora

1. History

1. De Nora in the World
2. Core Pillars
3. Business Model

21 The Path of Sustainability at De Nora

1. Innovation and Research & Development

1. Product Compliance
2. Quality Control

I N D E X

02 Governance

33 Governance

1. Risk Management

1. Ethics and Integrity

03 Data Protection and Cyber Security

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04 Investor Relations

05 Environment

52 Managing Environmental Impacts in De Nora

06 Our People

67 Our People

84 Workplace Health and Safety

I N D E X

07 Global Procurement

89 The Supply Chain at De Nora

08 Annexes

1. Methodological note

1. Taxonomy tables

1. Table linking material, GRI Standard and Decree 254/2016 topics
2. GRI Content Index

1. Independent auditor's report

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L E T T E R TO S TA K E H O L D E R S

Letter to Stakeholders

Dear Stakeholders,

I am pleased to present the De Nora Group's first Non-Financial Statement for the reporting year 2022. With this document, we strive to respond to the growing attention that all our stakeholders pay to environmental, social, ethical governance and economic issues. We recognise and take into consideration the growing awareness of 'green' issues in the communities in which we operate.

Our commitment to pursuing an ethical and sustainable business lies at the foundation of our Group and is clearly stated in our vision and mission statement. This commitment is based on the continuous improvement of our green technologies portfolio thanks to the enthusiasm of our talents and the initiatives taken for their development.

Over the past years, the De Nora Group has been committed to a path of improvement focused on sustainable development, confirmed by adhering to the UN Global Compact Principles and committing to the UN's 17 Sustainable Development Goals by 2030. We intend to further strengthen this commitment in the near future.

2022 was a very important year in our history. On 30 June 2022, De Nora made its début on the stock exchange with its listing on the Euronext market in Milan, representing the first IPO of significant size in Europe since the outbreak of the war in Ukraine. The Group achieved significant financial results in 2022, including remarkable growth in sales and adjusted EBITDA, which increased by about 50% year-on-year. We are proud of how we have achieved these goals: by continuing to invest in research and development projects to create environmentally-friendly, cleaner technologies and solutions so that our customers can benefit from reduced energy consumption and consequently reduce their carbon footprint.

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L E T T E R TO S TA K E H O L D E R S

We launched a number of energy efficiency projects at our facilities during the year and installed photovoltaic panels at our production site in Germany to increase the amount of self-produced clean energy.

In the context of the IPCEI Hy2Tech funded project promoted by the Euro- pean Community, we started to cooperate with SNAM, a leading company in the energy sector, to build a Gigafac- tory with a total surface area of 15,000 square metres in Cernusco sul Naviglio. The factory will deal with the development and production of technologies and components for the electrochemical generation of hydrogen and its subsequent use in fuel cells. Once fully operational, the factory will be able

to produce up to 2GW of equivalent hydrogen.

Sustainability also extends beyond environmental issues at De Nora. In fact, people are at the very heart of our project, and in 2022 the workforce grew by 12%.

We pay particular attention to work- place safety in our factories and offices, going further by applying well-being across the board with dedicated policies , training and awareness-raising courses, regulating working hours in the company and remotely in a family -friendly manner in order to increase flexibility and work-life balance, and allocating welfare packages for employ- ees, including insurance and tax-free benefit plans.

We also pay a great deal of attention to those around us: in fact, the entire Group is committed to establishing supportive relationships and partnerships with schools and universities,

contributing to the well-being of the community in the areas where we operate through dedicated projects, and supporting various associations and charitable organisations that work in the social field or fund humanitarian projects in various parts of the world.

We assure all our stakeholders of our constant commitment to carry on, as we have done for the last hundred years, the values of continuous improvement and enthusiasm for what we do, engaging in the development of technologies that make our world a better place.

Paolo Dellachà

CEO, De Nora

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