PRT S.P.A. CLIMATE STRATEGY Reduction of direct emissions (Scope 1) Progressive replacement of the fleet with hybrid and electric vehicles. 2030 Carbon Balanced 2050 NET-ZERO Interim milestone: Key objectives Final milestone: -90% emissions 10% residual offsetting Reduction of indirect emissions from electricity (Scope 2) On-site electricity self-generation and certified procurement through Guarantees of Origin (GO). Offsetting residual emissions Certified reforestation projects in areas at risk. Significant emissions reduction. Offsetting through carbon credits. Short-term positive impact. Net-zero emissions in line with internationally recognised scientific criteria. Net-Zero Journey 2024 Page 2
PRT S.p.A. is committed to achieving an emissions balance and becoming Net-Zero by 2050, with progressive milestones defined from 2018 onwards. The planned actions are aligned with the GHG Protocol, the European Green Deal and the requirements of the Corporate Sustainability Reporting Directive (CSRD). Quantitative Transition Plan (tCO2eq) Year Target: Scope 1 emissions Target: Scope 2 emissions (location-based) Target: Scope 2 emissions (market-based) Target: emissions intensity Target: offsetting of residual emissions Key actions 2018 Value: 81.4 Baseline Value: 848.2 Baseline Value: 1,056.7 Baseline Value: 0.41 Baseline - - 2025 Value: 65 Var. rispetto al 2018: -20% Value: 420 Var. rispetto al 2018: - 50% Value: 250 Var. rispetto al 2018: -76% Value: 0.25 Var. rispetto al 2018: -40% - Scope 1: • Introduction of one electric vehicle into the company fleet. Scope 2: • Self-generation of 30% of electricity. • Purchase of 100% renewable electricity (for the share not covered by self-generation) . • Offsetting of all natural gas used for heating. Net-Zero Journey 2024 Page 3 PRT S.p.A. – Climate Strategy 2018–2050
Year Target: Scope 1 emissions Target: Scope 2 emissions (location-based) Target: Scope 2 emissions (market-based) Target: emissions intensity Target: offsetting of residual emissions Key actions 2030 Value: 40 (Change vs 2018: -51%) Value: 400 (Change vs 2018: - 53%) Value: 100 (Change vs 2018: -90%) Value: 0,20 (Change vs 2018: -51%) Carbon Neutral: offsetting of all remaining emissions Scope 1: • Progressive conversion of the company fleet to electric and hybrid vehicles. Scope 2: • Self-generation of 30% of electricity. • Purchase of 100% renewable electricity (for the share not covered by self-generation). • Further energy efficiency improvements through the purchase of more efficient machinery. • Offsetting of all natural gas used for heating. Offsetting of the remaining share of emissions 2050 Value: 8 (Change vs 2018: -90%) Value: 350 (Change vs 2018: - 59%) Value: 90 (Change vs 2018: -91%) Value: 0,12 (Change vs 2018: -70%) Net-Zero: minimisation of emissions and offsetting of residual emissions (around 10%) Scope 1: • Near-total conversion of the company fleet to electric and hybrid vehicles. Scope 2: • Self-generation of 30% of electricity. • Purchase of 100% renewable electricity (for the share not covered by self-generation). • Further energy efficiency improvements through the purchase of more efficient machinery. • Offsetting of all natural gas used for heating . Offsetting of the remaining share of emissions (mainly Scope 1) Net-Zero Journey 2024 Page 4
1.200,00 Emissions (tCO2eq) Emission intensity (tCO2eq/t) Anno 2018 81,40 1.056,70 1.138,10 0,41 65,00 40,00 8,00 98,00 90,00 100,00 250,00 315,00 140,00 0,25 0,20 0,12 2025 2030 2050 0,45 0,40 0,35 0,30 0,25 0,20 0,15 0,10 0,05 10% of CO2eq emissions compared to the baseline year (2018) 1.000,00 800,00 600,00 400,00 200,00 { PRT S.p.A. - Net- Zero Journey Below is our pathway towards net-zero emissions: Scope 1 Scope 2 (Market - based) Scope 1 + 2 Emission intensity The chart clearly shows the projected reduction in Scope 1 and Scope 2 (market-based) emissions over the period from 2018 to 2050, alongside a progressive decrease in emissions intensity. Achieving the Net Zero target will require a 90% reduction in emissions compared with the baseline, with the remaining residual emissions to be offset through certified mechanisms. Below is our pathway towards net-zero emissions: Net-Zero Journey 2024 Page 5
Annual Emissions Monitoring – Scope 1, 2 e 3 (tCO2eq) Year Scope 1 emissions Var. % Scope 2 emissions – location-based Scope 2 emissions – market-based Var. % Emissions intensity² Var. % Scope 3 emissions Key reduction actions 2018 81.4 Baseline 848.2 1,056.7 Baseline 0.41 Baseline - Baseline 2019 76.9 -5% 769.1 1,003.4 Location-based: -9% Market-based: 0% 0.43 +5% - 2020 76.6 0% 649.9 1,001.0 Location-based: -15% Market-based: 0% 0.46 +7% - - 2021 58.1 -24% 655.7 1,068.5 Location-based: 0% Market-based: +7% 0.43 6% 1,483.4 Scope 1: • Reduction due to fewer sales trips as a result of the COVID-19 pandemic. Scope 2: • Purchase of 14% renewable electricity (Guarantees of Origin certificates). • Energy efficiency measures through LED lighting in plants and offices and the purchase of more energy-efficient machinery. • The post-Covid recovery led to higher consumption from 2020 to 2021. Net-Zero Journey 2024 Page 6
Year Scope 1 emissions Var. % Scope 2 emissions – location-based Scope 2 emissions – market-based Var. % Emissions intensity² Var. % Scope 3 emissions Key reduction actions 2022 74.5 +28% 809.0 137.9 Location-based: + 23% Market-based: -87% 0.08 -81% 1,511.7 Scope 1: • Increase due to the resumption of sales travel after the COVID-19 pandemic – levels stable compared to 2020. Scope 2: • Market-based emissions fell sharply thanks to the purchase of 100% renewable electricity (Guarantees of Origin certificates). • The increase in activity (+26% revenue) resulted in a rise in the absolute value of emissions, more than offsetting the energy efficiency improvements. Net-Zero Journey 2024 Page 7
Year Scope 1 emissions Var. % Scope 2 emissions – location-based Scope 2 emissions – market-based Var. % Emissions intensity² Var. % Scope 3 emissions Key reduction actions 2023 61.5 -17% 587.6 893.9 Location-based: -27% Market-based: +548% Market-based (rispetto al 2021): -16% 0.35 +337% -19% (rispetto al 2021) 1,551.1 Scope 1: • Reduced travel by the Lombardy sales team following the opening of the Milan sales office • Reduction driven by incentives to use trains instead of cars for travel between sites. Scope 2: • Due to a supplier change, PRT S.p.A. was unable to purchase renewable electricity, with a direct impact on Scope 2 market-based emissions. Therefore, comparison with 2022 (when green energy was available) would be distorted. It is more representative to compare with 2021, a year with similar procurement conditions, which still shows a 16% reduction. • The reduction is also visible for location-based emissions, down 26% vs 2022, mainly thanks to an energy efficiency intervention replacing UV systems with UV-LED on two printing presses. 2024 63.2 +3% 435.2 814.5 Location-based: -26% Market-based: -9% 0.34 -6% 1,452.6 Scope 1: • Stable data. Scope 2: • Despite revenue growth, we continue to reduce our carbon footprint. • In 2024 emissions decreased thanks to the energy efficiency upgrade of two printing presses using LED technology. In addition, in 2024 we offset the emissions associated with one quarter of natural gas consumption for heating, equal to 24.02 tCO₂eq. Net-Zero Journey 2024 Page 8
Net-Zero Journey 2024 Page 9 For the calculation of direct emissions (Scope 1) associated with fossil fuel consumption, emission factors from the Department for Environment, Food & Rural Affairs (DEFRA) database were used for each reference year starting from 2018. Indirect emissions (Scope 2) associated with the consumption of electricity, natural gas and LPG were calculated using the location-based method, applying the conversion factors published by ISPRA for Italy and ADEME for France. From 2021, as PRT purchased certified renewable electricity, indirect emissions (Scope 2) associated with electricity consumption were also calculated using the market-based method, applying conversion factors provided by the AIB Residual Mix. Scope 3 emissions refer exclusively to the paper processed annually, from the raw timber material through paper production to delivery to the plant. Scope 3 emissions for processed paper were calculated using the official World Land Trust Carbon Calculator, based on UK Government guidelines and the GHG Protocol. Methodological references:
www.prtspa.comRkJQdWJsaXNoZXIy NDUyNTU=