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Table of contents 2024 at a glance Awards and Prizes Highlight 2025 Sustainability Strategy Circular economy Technology Product design Material management Climate protection NET ZERO Energy management Resource efficiency Social responsibility Employees Occupational safety Sustainable supply chain 06 07 08 10 13 14 14 15 16 16 19 20 22 25 27 28
Sustainability. Plain and simple. p a e a b a n t m e enviro n solutions and h elp s h use, and clear g u i d i n the for re e d lu n a a v g n ble a in a t s u s t n e m e l p m l a e r s e t a i l c y c e r , n e g i r i c s o t e d n k r o o i t t r a w c a m e w , y a d s h g u e l b i s y r e n o p s e R o r h v E y. m o eping materials in the loop – t aspects into account. ronment, people, and the econ social envi e s k g e ea n ta kin ate, t h f u t ure. s o c i e ty. i n c i p l es. t e r t e n d g p r Sustainability remains a Sustainability Today’s products s ea s m n u c o r e c o m h o si n u l d g m i t n o t r e m s e o n b u e r t c c a o e t s S m e r t o e s p o n s i b l y , a v o Ü D P A C K . W e t a k e r e s p o idin g m o r r o w ’ s w a s t e. S ustainability m nsibility – for the clim emissions, and 4
> Thorsten Seehars > Carolin Grimbacher > Andreas Braun Chairman of the Management Board / CEO Managing Partner / CTO Managing Director / CFO “More than ever, we are driven to provide our customers with solutions that combine maximum product protec- tion with minimal use of materials.” Protecting the environment and climate, using resources responsibly, and promoting social equity are among the greatest challenges of our time. SÜDPACK embraces these responsibilities. Faced with the challenge of reconciling economic prof- itability and sustainability, we have included ambitious goals in our Sustainability Strategy. We continuously docu- ment our progress toward these goals in our Sustainability Reports. At SÜDPACK Holding GmbH – with its production sites and sales companies in Germany, France, Poland, the Netherlands, Switzerland, and the US – economic, envi- ronmental, and social responsibility have always been in- tegral to the entire value chain. Why? Because the sustainable development of our organi- zation is the foundation of our success – and critical to our long-term viability. It drives us to set industry standards with pioneering high-performance films and packaging concepts, to inspire our customers, to lead the sustainable transformation, and to secure a healthy business for the next generation. This approach has delivered consistent success for more than 60 years. SÜDPACK remains 100 % family-owned – and has stood for top quality, innovative strength, and technological leadership ever since its founding by Alfred Remmele in 1964. The headquarters of SÜDPACK Verpackungen SE & Co. KG remains in Ochsenhausen. And now more than ever, we are driven to provide our custom- ers with solutions that offer maximum product protection with minimal use of materials – and contribute to high levels of consumer and patient safety. At the same time, we are pressing ahead with efforts to further reduce our environmental footprint, having cut CO2e emissions by 24 % since 2021. We are well prepared for upcoming regulatory changes such as the PPWR and CSRD. We also use our EcoTrace® LCA service to provide data-driven life cycle assessments of flexible packaging solutions, helping our customers make informed decisions. The insights gained from these efforts form the founda- tion of our initiatives in the areas of NET ZERO and the circular economy. Our progress in the area of social responsibility is detailed starting on page 22 of this report. SÜDPACK’s strong rep- utation in our core markets is reflected not only in numer- ous industry awards, but also in opportunities to showcase our expertise – such as hosting the 2025 GS1 Congress. Even under new management, our commitment to sustainability remains unwavering. 5
Sustainable growth: SÜDPACK looks back on another successful year. In 2024, we employed 1,755 people across 10 sites worldwide. We improved our EcoVadis rating and were awarded the Platinum Medal. In the area of climate protection, we reduced our CO2e emissions by a total of 24 %. At the same time, we lowered our waste volumes and now cover 88 % of our electricity needs from renewable sources. -11 % 1,755 employees worldwide EcoVadis points 2023 (63) EcoVadis points 2025 (84) +21 P. CO2e / m2 11 % CO2e reduction per m² of film EcoVadis: +21 points (vs. 2023) 84 trainees and students 24 % CO2e reduction (vs. 2021) 10 88 % Waste reduction Sites Renewable energy 6
Current Awards & Prizes CLIMATE ALLIANCE BADEN-WÜRTTEMBERG On November 15, 2024, SÜDPACK of- ficially joined the initiative launched by the Ministry of the Environment, Climate and Energy of Baden-Würt- temberg, together with a network of environmentally conscious com- panies. To date, around 60 alliance partners have committed to achiev- ing carbon-neutral operations over the medium to long term, and to re- porting annually on their greenhouse gas emissions for the duration of the initial 10-year agreement. ECOVADIS PLATINUM MEDAL More than 150,000 companies across 250+ industries and 185 countries were assessed by EcoVadis based on a range of sustainability criteria. Having achieved Platinum status in the 2025 rating, we are now among the top 1 % of all companies ranked by EcoVadis. Compared to 2023, we improved our overall score by approximately 30 %. Our performance was especially strong in the “Environment” category, with more than 90 out of 100 points, and in “Labor & Human Rights,” where we earned over 80 points. ECONOMIC MEDAL OF THE STATE OF BADEN-WÜRTTEMBERG On November 28, 2024, SÜDPACK was honored with the Baden-Würt- temberg Business Medal – we were recognized “as a technology- and in- novation-driven company that thinks long term, embraces sustainability, remains true to its roots, and contin- ues to achieve success on the inter- national stage.” The award has been presented since 1987 to companies, individuals, and organizations that have made exceptional contributions to the regional economy – and whose investment and commitment play a key role in securing Baden-Württem- berg’s long-term competitiveness as a business hub. INNOVATION RANKING BY WIRTSCHAFTSWOCHE With an innovation score of 392.1, SÜDPACK ranked 5th in 2024 – mark- ing its third consecutive appearance in the Top 10 of WirtschaftsWoche’s annual innovation ranking. Key fac- tors in the evaluation include not only turnover and profit growth, but above all, innovative strength – reflected in new product developments and annual R&D spending. LEADER IN THE CIRCULAR ECONOMY SÜDPACK was also recognized in a recent study by ServiceValue GmbH, the F.A.Z. Institute, and the Insti- tute for Management and Economic Research (IMWF) as a pioneer and role model for circular economy practices in the packaging industry. The two- phase web monitoring analysis eval- uated data from around 5,500 com- panies across 38 industries between 2022 and 2024. SÜDPACK achieved the top rating in the “Packaging Manufacturers” category. With a score of 100 points, the company sets the benchmark for the entire industry. FAIRNESS FIRST SEAL In mid-September 2024, SÜDPACK was awarded the Fairness First seal in recognition of its responsible con- duct, high transparency toward all stakeholders, and adherence to en- vironmental, economic, and social standards. Key factors in this positive evaluation included our Compliance and Corporate Governance system, our SA8000 certification, our dec- laration of principles on respecting human rights, the introduction of a whistleblower system, and our new Supplier Code of Conduct. WORLDSTAR WINNER 2024 Both our Tubular Bag PurePE and PharmaGuard® impressed the jury at the WorldStar Packaging Awards with their recyclability, improved material efficiency, and reduced CO2e footprint. SWISS PACKAGING AWARD for PharmaGuard®: Another win our recyclable PP-based blister con- cept was also named the winner of the Swiss Packaging Award in the Sustainability category. On October 17, SÜDPACK MEDICA accepted the award in Olten, Switzerland. 7
A highlight of 2025 An event full of inspiration, innovation, and in-depth industry dialogue: At the BranchenDialog Fleisch+Wurst, SÜDPACK took center stage for the first time as host, providing practical insights into sus- tainable packaging solutions, innovative printing technology, and a strong focus on the circular economy, animal welfare, and the future of the meat industry. In early April 2025, SÜDPACK hosted the BranchenDialog Fleisch+Wurst – a prestigious event organized by GS1, the trade journal Lebensmittelpraxis, and market research firm AMI, which regularly brings together the top players in the German meat industry. Participants included meat producers and agricultural organizations, slaughterhouses and cutting facilities, as well as professionals and senior management in logistics, purchasing, and sales, together with representatives from wholesale and retail. This year saw a number of firsts: after a decade in Cologne, the event shifted its focus to southern Germany. And for the first time, the event was hosted not by a producer, but by a supplier – SÜDPACK. What remained unchanged was the event’s importance as a summit for industry leaders to discuss current trends and emerging market develop- ments. Key questions included: How is the meat indus- try responding to declining meat consumption and the introduction of the new Packaging and Packaging Waste Regulation (PPWR)? How can packaging be seen in a more positive light, and what solutions are needed to support sustainability and circular economy goals? How can top- ics like meat, animal welfare, and agriculture be made to resonate with younger generations? Which success stories are a source of inspiration today – and will remain relevant tomorrow? How can we meet the growing requirements and rising consumer expectations around food and nutri- tion in an increasingly volatile environment? 8
As host, SÜDPACK took on several key roles throughout the event. The program opened with a keynote by Carolin Grimbacher, who spoke about future-ready – and above all, sustainable – packaging solutions in the meat prod- ucts industry. On the second day, we welcomed attendees to our Development and Application Center in Ochsen- hausen, where we presented our extrusion expertise – the heart of our production process – and demonstrated how we manufacture the latest high-performance blown and cast films for a wide variety of industries. The visitors showed particular interest in our resource-efficient and recyclable film solutions, including the PP- and PE-based mono-material structures from our Pure-Line product family. Our sustainable packaging concepts also attracted plenty of attention – including our Flow Pack PurePP for fresh ground meat and practical Doypacks for meat-based snacks and sausages. A third key focus was our innovative SPQ (Sustainable Print Quality) technology, which has enabled SÜDPACK to elevate packaging printing to a new level – while set- ting a clear course for greater sustainability. SPQ signifi- cantly reduces color changes, ink and solvent consump- tion, and waste – while improving print quality – in both flexographic and rotogravure printing processes, thereby improving the product’s CO2e footprint. 9
Sustainability at SÜDPACK – A matter of principle As one of the leading film manufacturers – and above all as a family-owned company with strong traditions – we want and need to meet the demands of our planet as well as future generations. But every transformation requires a vision. And every vision needs a strategy, with ambi- tious goals and concrete initiatives to make it a reality. At SÜDPACK, our goal is clear: Leadership in Sustainability. With our Sustainability Strategy 2030 firmly anchored at the corporate level, we are well on track. We already rank among the most sustainable – and at the same time most innovative – mid-sized companies in Germany. Our am- bition is to expand this leadership role and continue to shape the sustainability agenda within our industry. To achieve this, we are currently focusing on seven key ambi- tions across three central action areas: • Circular economy: Sustainable Products, ZERO WASTE, and Leader in Circular Economy • Climate protection: NET ZERO • Social responsibility: ZERO ACCIDENTS, Motivated Organization, and Sustainable Supply Chain In order to foster a responsible corporate culture with a strong focus on sustainability, we have established com- pliance and corporate governance as core elements – providing both a legal and practical framework that goes far beyond regulatory compliance and key sustainability issues. Our conviction is clear: True sustainability is rooted in values that guide our employees’ daily actions and drive long-term value creation. Put simply, the trust that our stakeholders and the public place in the SÜDPACK Group ultimately depends on the actions of each individual. For this reason, our Compliance program is mandatory for all members of senior management and every employee. In addition to a framework of fundamental guiding values, it sets out extensive measures to prevent corruption and money laundering – and is a key instrument in ensuring compliance with legal requirements as well as with our own high standards for working conditions, information security, and the protection of human rights throughout the supply chain. 10 Among the most important building blocks – alongside SA8000 and the whistleblower system we introduced in 2023 – are our Code of Conduct and Supplier Code of Con- duct. These binding codes of conduct for both employees and suppliers provide the ethical foundation for integrity and compliance, while also raising awareness of short- comings, opportunities for improvement, and the need for changes, both large and small. Our guiding principle – “Identify, Prevent, Respond” – is an approach that has underpinned SÜDPACK’s culture of respect, integrity, and transparency for more than five decades – and continues to shape our future. These measures are supported by SÜDPACK’s Compliance Officer and Legal Coordination team, as well as targeted training programs. This training covers not only business ethics and compliance in general, but also specific guide- lines and procedures relating to anti-corruption measures, SA8000, and data protection. In 2024, for example, 94 % of our employees took part in these training programs, in- cluding courses on data protection and sustainability. At present, 36 % of our sites have already undergone internal audits on business ethics. And in the area of data protec- tion, we are well positioned with a comprehensive corpo- rate policy, an agile Data Protection Officer, robust report- ing procedures, and ongoing IT security training.
STRATEGY & 2024 MATERIALITY ANALYSIS As part of our 2024 Materiality Analysis, we once again aligned key topics with our corporate strategy. We con- firmed that all topics we address are indeed material – ranging from climate change and circular economy to working conditions both at SÜDPACK and along the sup- ply chain, as well as innovation and product design. In addition, we identified two new key topics – biodiversity and climate change adaptation – which have now been integrated into our Sustainability Strategy. The following table provides an overview of the action ar- eas and goals we aim to achieve by 2030 through targeted measures and projects: Key projects and targets for 2030 Areas of action Project KPI 2030 goal r a l u c r i C y m o n o c e Technology Product design Material management Technology for material management Capacity (tons per year) for recycling as a share of production waste Packaging for the EU market according to PPWR % of sold recyclable films % of recyclate in films (PCR) Waste reduction tons per year hazardous waste tons per year non-hazardous waste 100 % 100 % 10 % 0 t waste NET ZERO Energy management Resource efficiency CO2e reduction according to the SBTi % of scope 1 & 2 and scope 3 reduction Scope 1&2: -76 % Scope 3: -25 %* Renewable energy % renewable energy of total energy consumption 65 % Material efficiency g virgin material/m² 105 g virgin material/ m² Employee satisfaction & attractive workplace Results from employee survey 3.3 points e t a m i l C n o i t c e t o r p - i s n o p s e r l a i c o S y Employees t i l i Occupational safety Supply chain b Reduce accidents & safe work environment ppm of accidents (>3 days lost time) # near misses Transparent Supply Chain Supplier volumes in € with sustainability rating tbd 90 % *in the “purchased goods and services“ category 11
Prospects for 2025 “If you stop you stop getting better, being good.” Although SÜDPACK has already made significant progress in its core areas, we continue to pursue improvements every day. A successful future depends not only on strong expertise, cutting-edge technology, and innovative prod- ucts, but above all on the courage to embrace change and actively face new challenges. Echoing the words of industrialist and politician Philip Rosenthal – “If you stop getting better, you stop being good” – SÜDPACK consistently puts its defined initia- tives into practice. Foremost among these are our CO2e reduction targets. We track the progress of related proj- ects on an ongoing basis, assess the current status, and benchmark results against our 2021 baseline year. Where deviations occur, we promptly initiate appropriate corrective measures. Some targets, however, are still outstanding, and we are working to implement them as quickly as possible. Another key priority is decentralization through dedicated task forces, which will gain further momentum in 2025. Last but not least, harmonizing our reporting processes remains high on the agenda, underpinned by internal ini- tiatives aimed at improving both data quality and the un- derlying database. 12
Circular economy – More than just a future com- mitment No topic is influencing the plastics and pack- aging industry more strongly than the circular economy. A wide range of measures and regu- lations has already been launched – at EU level, nationally, and within many companies. Yet for the transformation to succeed, efforts will need to be stepped up. Among the current challenges are the PPWR and the EU Circular Economy Action Plan. Closely inter- linked, the Action Plan provides the strategic framework for a circular economy in the EU and for achieving the ob- jectives of the European Green Deal, while the PPWR is a specific regulation aimed at reducing packaging waste and promoting the recyclability of packaging by 2030. The industry has both the potential and an obligation to accelerate circular processes – cutting resource consump- tion and preventing further environmental damage. At SÜDPACK, we are committed to this task. With our pio- neering film solutions and significant investments in both mechanical and chemical recycling, we have already set important benchmarks within our market and established our company as a proactive frontrunner in the circular economy. Our majority stake in carboliq, our recycling cen- ter in Schwendi, and a variety of closed-loop projects with customers clearly demonstrate this trajectory, outlined in our Sustainability Strategy 2030. We also contribute our expertise and passion consistently through our work with associations and initiatives such as IK, FPE, and CEFLEX. Further- more, all of SÜDPACK’s ambitions and projects in the field of circular economy support SDG 9 and SDG 12. While SDG 9 focuses on building resilient infrastruc- ture and promoting sustainable industrialization and innovation, our SDG 12-focused initiatives are designed to ensure sustainable production and an efficient use of resources. 13
Sustainable Product Design Climate / Environmental protection Positive LCA* CO2e Fossile Resources Ecotoxicity Alternative materials Circular economy Recyclability Regranulation PCR Recyclates *Recyclable or raw materials with better LCA result (cradle-to-gate) Total TECHNOLOGY By recycling existing plastics, we can help to improve our industry’s carbon footprint while also conserving resources. in Berlin, as well as the UFCR (Entrepreneurs’ Forum for Chemical Recycling), where companies across the supply chain – including SÜDPACK, carboliq, BASF, LyondellBasell, THINKTANK, and Procter & Gamble – have joined forces. At SÜDPACK, our priority is building a true circular econo- my through a balanced mix of recycling technologies that complement rather than compete with one another. Our approach is based on making intelligent use of existing re- covery options, promoting future-ready technologies, and embracing out-of-the-box thinking. Since 2022, we have invested in carboliq – a technology platform for the chemical recycling of mixed and contam- inated plastic waste – and in 2024 we became its majority shareholder. Production capacity at carboliq is now being significantly expanded. At the same time, we are pursuing new technologies and developing sustainable products. A good example is the expansion of production space in Erolzheim for PharmaGuard®, SÜDPACK Medica’s pioneer- ing recyclable blister solution. Through regranulation and compounding, we are able to recycle production-related plastic waste and reintroduce it into the value chain. For waste that cannot be recycled in- house, we seek external recovery options. Whenever feasible and economically viable, we send exter- nal plastic fractions for chemical recycling. To advance this future-focused technology and help shape the necessary regulatory framework, we maintain close dialogue with policymakers, the Ministry of the Environment, Climate and Energy of Baden-Württemberg, and NGOs. We also take part in initiatives such as the Parliamentary Breakfast hosted by the Baden-Württemberg State Representation PRODUCT DESIGN Whether a plastic film or packaging solution qualifies as sustainable – and complies with the PPWR – depends on a number of factors. As one of the industry’s most inno- vative and sustainable film manufacturers, we recognize the need to consider the entire development process and product life cycle – from the drawing board through to end-of-life. Each new product must therefore be designed to minimize its environmental impact – from production right through to reuse, recycling, or disposal. At SÜDPACK, the factors that define a sustainable product include: • the lowest possible environmental impact or a positive LCA • the use of alternative materials • • waste minimization, primarily through internal improved recyclability regranulation • and increased recycled content Our current approach to evaluating sustainable prod- ucts is based on an internal 0 – 5 point scoring system (see chart above). 14
All factors play a role in achieving our CO2e reduction tar- gets, but recyclability and films with recycled content are taking on growing importance – both in advancing the cir- cular economy within the plastics industry and in meeting the EU’s PPWR requirements. During the reporting period, SÜDPACK introduced sev- eral sustainable innovations, including a recyclable film solution for spouted pouches and new floating top webs which, when paired with mono-APET bottom webs, form a fully recyclable packaging concept. MATERIAL MANAGEMENT Through its ZERO WASTE initiative, SÜDPACK has set it- self an ambitious goal: to optimize material manage- ment, with a particular focus on waste reduction and environmental protection. The corresponding initiatives and measures are firmly embedded in our Sustainability Strategy 2030. During the reporting period, we continued to step up these efforts. The emphasis was on reducing production-related waste volumes and making full use of the options avail- able for reusing and recycling plastic waste. In 2024, we successfully regranulated more than 6,500 metric tons of waste material and returned it to our production cycle. Our Regranulation & Compounding business unit is espe- cially relevant here, offering an effective way to make film remnants reusable and reintegrate them into the material cycle. Regranulation involves processing plastic waste into granules. Compounding goes a step further, refining this regranulate by adding additives and fillers to specifically adjust or improve its properties. This expertise gives us a decisive competitive edge, especially when developing solutions for technically demanding applications. The overall waste volume at SÜDPACK increased by just under 3 % in 2024 compared to 2023. At the same time, however, we processed and recycled 40 % more waste. As a result, the volume of reprocessed material rose from 8,071 metric tons to 11,482 metric tons. The table below pro- vides a detailed breakdown of SÜDPACK’s waste figures. Development of waste volumes in t 2022 2023 2024 Diverted from disposal 8,315 8,071 11,482 Non-hazardous waste Processing for reuse Recycling Other procedures for recovery Hazardous waste Processing for reuse Recycling Other procedures for recovery 8,315 637 7,678 - - - - - 7,939 545 7,394 - 132 132 - - 11,081 606 10,475 - 401 362 39 - Forwarded for disposal 8,799 8,031 5,050 Non-hazardous waste 7,812 7,167 4,398 Incineration (with energy recovery) Incineration (without energy recovery) Landfill Other disposal procedures Hazardous waste Incineration (with energy recovery) Incineration (without energy recovery) Landfill Other disposal procedures 7,460 6,863 4,001 73 279 - 987 813 174 - - 40 264 - 864 459 405 - - 132 265 - 652 648 - - 4 Total waste 17,114 16,102 16,532 15
Climate and nature protection – A global responsibility Climate and nature conservation are among the greatest global challenges of the 21st century. While international and national climate policies set the framework, it is ul- timately countries, regions, municipalities, cities, citizens, and companies that must put the ambitious requirements into practice – whether in reducing greenhouse gas emis- sions or in achieving climate neutrality. In Germany, for example, emissions will need to fall by 65 % by 2030 and by 88 % by 2040 compared to 1990 levels. The ultimate tar- get, climate neutrality, must be achieved by 2045. SÜDPACK has committed itself to respecting planetary boundaries, preserving environmental stability, protecting human well-being, and shaping a sustainable future. Our Sustainability Strategy 2030, as well as our membership in the Climate Alliance and the Science Based Targets initia- tive (SBTi), underscores how deeply this issue matters to us – and highlights our commitment to an uncompromis- ing goal: NET ZERO. All of our climate protection ambitions and projects contribute directly to SDG 7 and SDG 13. NET ZERO Reducing greenhouse gas emissions to net zero represents a crucial step towards limiting global warming and there- by avoiding the most harmful effects of climate change. At SÜDPACK, we recognize the urgency of climate action. Our highest priority is to contribute to the goals set out in the Paris Agreement. For this reason, in April 2022 we joined the Science Based Targets initiative (SBTi) – jointly established by CDP, UNGC, WRI, and the WWF, with more than 10,000 participating companies worldwide. The tar- gets we submitted at the end of 2023 to reduce our green- house gas emissions and improve our CO2e balance were validated in April 2024. Accordingly, SÜDPACK is commit- ted to cutting our Scope 1 and 2 greenhouse gas emissions by 76.3 % by 2030. For indirect emissions, a reduction tar- get of 25 % has been set for Scope 3 in the “Purchased goods and services” category. These commitments fol- lowed the finalization of our Corporate Carbon Footprint (CCF), covering all SÜDPACK sites, which has now been ex- ternally verified for the years 2021 through 2024. Since November 2024, we have also been a member of the joint alliance established by the Ministry of the En- vironment, Climate, and Energy of Baden-Württemberg together with environmentally responsible companies in Germany. Like the almost 60 alliance partners to date, we are committed to achieving carbon-neutral operations – and will report annually on our greenhouse gas emissions over an initial term of 10 years. 16
Current status and targeted projects Since 2021, we have reduced our emissions by a total of 24 %. During the same period, we achieved a 10 % reduc- tion in a key indicator, lowering CO2e emissions per million m² of film to 581 metric tons. In terms of renewable energy (Scope 1 & 2), we are al- ready on the right path thanks to the purchase of green electricity at all our EU sites. In addition, a ground-mount- ed photovoltaic installation is in development, and fur- ther projects to reduce our emissions are currently at the planning stage. We are also advancing the transformation of our prod- uct portfolio. Recyclable monofilms from our Pure-Line, PharmaGuard®, and NutriGuard® brands, together with our SPQ printing technology and EcoTrace® LCA service, ex- emplify our innovative strength and commitment to sus- tainability. This is equally true of our commitment to both mechanical and chemical recycling – since both methods still need to be developed and scaled up to enable a truly functional circular economy. Climate adaptation Climate adaptation, a topic that is vital for the future, has not yet been part of our agenda. Yet climate change is al- ready a reality. To address this, it is essential to mitigate its effects by reducing greenhouse gas emissions, while at the same time initiating targeted measures to strengthen the resilience of the environment, society, and the economy against its already tangible and steadily growing impacts. Together with the Ministry of the Environment of Baden-Württemberg, we will begin a climate risk analy- sis in 2025 to identify potential risks for SÜDPACK and, on that basis, to develop targeted countermeasures. 17
SÜDPACK’s corporate carbon footprint Emission source [t CO2e] Scope 1 Coolant Mobile incineration Stationary incineration SF6 insulation Scope 2 Electricity (market-based) Electricity (location-based) Heat Scope 3 Purchased goods and services Fuel- and energy-related activities Waste Business travel Employee commuting Upstream transport Downstream transport Recycling and disposal Capital goods Investments Processing of purchased products Final result 18 2022 17,777 307 584 16,856 31 2,428 2,411 34,135 17 2023 13,865 434 726 12,675 31 6,486 4,585 25,208 1,901 2024 13,607 458 626 12,492 31 1,108 1,090 24,024 18 461,368 325,129 400,316 287,931 396,799 274,353 8,494 16,846 326 2,567 19,748 452 75,406 5,949 1,368 5,081 7,353 16,824 250 2,317 15,591 416 59,744 3,837 2,295 3,758 8,022 17,555 343 2,309 19,563 1,606 61,701 5,854 2,230 3,264 481,573 420,667 411,514
ENERGY MANAGEMENT Effective energy management enables the systematic monitoring, con- trol, and optimization of energy consumption – making it an important contributor to both environmental and economic sustainability. The key benefits of efficient energy manage- ment include: • Reduction of emissions and environmental impact • Minimization of energy and re- 2024 130,727 MWh In 2024, renewables accounted for 53 % of total energy consumption across the SÜDPACK Group, while 88 % of the electricity used came from renew- able sources. Compared with 2023, this represents an improvement of 7 % in overall energy consump- tion and 6 % in electricity con- sumption. Between 2021 and 2024, total energy consumption was reduced by 17 %, while the share of renewable energy rose from 12,000 MWh to 68,000 MWh – an impressive increase of 466 %. source waste • Cost savings • Expansion of renewable energy use • Greater providers • Improved competitiveness • Stronger brand positioning independence from external energy SÜDPACK’s energy management program encompass- es measures to increase energy efficiency, improve the use of (renewable) energy, and expand energy storage. The starting point is our energy consumption, which was recorded at just under 131,000 MWh across all sites in 2024. Certification under ISO 50001, which has been man- datory for companies with a final energy consumption above 7.5 GWh since January 2024, has already been in place at SÜDPACK for many years. This certification provides us with a powerful tool in the fight against wasted energy and in advancing more sustainable business practices. 2023 125,875 MWh Specifically, the share of renewable energy in 2024 came from a combination of in-house genera- tion (including photovoltaic systems) and the purchase of guarantees of origin for our sites in Ochsenhausen, Erlen- moos, Schwendi, and Erolzheim, as well as for our facilities in Poland and the Netherlands. 2022 157,371 MWh Purchased energy – Non-renewable Purchased energy – Renewable Self-generated energy – Non-renewable Self-generated energy – Renewable Sold energy 19
RESOURCE EFFICIENCY At SÜDPACK, we take the responsible use of resources as a matter of course. In essence, our approach is: “As little material as necessary, as much prod- uct protection as possible”. After all, less material also means less CO2e. And ultimately, any material that can be dispensed with from the outset will neither harm the environment nor require recycling or disposal at the end of its useful life. In this spirit, we also developed the EcoTrace® LCA tool, which enables us to analyze the entire life cycle of our own products, as well as customer 125 kt concepts, in terms of their environ- mental impact – and compare the re- sults. For certain product groups, we also conduct ISO-certified LCA analy- ses and share the results with the rel- evant stakeholders. According to an LCA study carried out in line with ISO 14040/44, for exam- ple, 1 m² of our Flow Pack PurePP film generates 246 g CO₂e/m² over its en- tire life cycle (baseline scenario with current German recycling mix). As ex- pected, incinerating the Flow Pack at the end of its life results in the highest emissions, at 293 g CO₂e/m², while mechanical recycling reduces this by approximately 50 g CO₂e/m². Using green electricity or recycled material can further lower CO2e emissions. Package printing processes also have a measurable impact, as demonstrat- ed in an LCA study we conducted in partnership with Sphera and in accor- dance with ISO 14040/44. By switch- ing to our sustainable SPQ printing technology, CO2e emissions from the printing process can be reduced by up to 18 % for both PP- and PET-based packaging materials. Even in the worst-case scenario for SPQ (using the grid mix), its carbon footprint is still up to 11 % smaller than the best- case scenario for the flexo print pro- cess using green electricity. 103 kt 105 kt s l a i r e t a m e l b a w e n e R s l a i r e t a m e l b a w e n e r - n o N 20 2022 2023 2024
WATER AND BIODIVERSITY Water and biodiversity are also material topics for SÜDPACK. In the area of biodiversity, we are cur- rently evaluating potential measures to be anchored in our Sustainability Strategy 2030. An import- ant step in this context is the introduction of the ISO 14001 environmental management system. The increase in our otherwise very low water consumption is due to the higher volumes of regranu- lated and compounded plastics at SÜDPACK – since we use water exclusively for regranulation, not for film production. In addition, 2024 was the first year in which water consumption at our US site was recorded. 30,779 m3 35,117 m3 37,480 m3 2022 2023 2024 21
moting scientific projects, and by bringing people together in a spirit of community – and our commitments extend far beyond these efforts. Although companies of our size are now legally required to ensure maximum transparency, due diligence, and accountability across the supply chain, SÜDPACK acted early to raise awareness of these topics among our employees and business partners. We remain committed to fully meeting every new requirement while upholding our own high standards. At SÜDPACK, we have a long tradition of taking respon- sibility for our employees, customers, business partners, and wider society. And rightly so – every company impacts people both within and beyond its organization. This ap- plies all the more to us as a family-owned business with international operations and deep roots in the Upper Swa- bia region. Social responsibility is therefore embedded as a core ele- ment of our Sustainability Strategy. Ultimately, our initia- tives and projects in this area focus on people’s well-being, fair working conditions, and sustainable economic growth – aligned with UN SDGs 3 and 8. Our goal is to foster social progress beyond our company, to strengthen SÜDPACK’s position as an employer, to enhance our brand, and to meet our stakeholders’ expectations as fully as possible. Our approach centers on fair and respectful working rela- tionships, ongoing improvements in health and safety at work, broad access to education and training, and strong prospects for the future. Another important focus area is our commitment to the communities surrounding our sites. We demonstrate our strong sense of social respon- sibility by supporting initiatives such as Schools without Racism, aid organizations and social institutions, by pro- 23
Manage- ment Board EMT Head of Department Head of Team Coaches 3 3 3 11 77 87 52 10 79 84 55 6 102 76 41 2022 2023 2024 Members of senior management (female) Members of senior management (male) 60% of employees are covered by SA8000 certification (all German sites) 15% 10% 2022 8% 8% 2023 13% 16% 2024 Hiring rate Turnover rate Development in number of employees 2022 2023 2024 24 ♂ ♂ ♂ ♀ 1.730 ♀ 1.794 ♀ 1.755
EMPLOYEES Our employees are our most valuable asset and the foun- dation of our success – something we have never made a secret of. At present, 1,755 people work for SÜDPACK worldwide. In 2024, women accounted for 25 % of the workforce and 21 % of senior management positions. SÜDPACK’s appeal as a training company is reflected in its retention rate, which at over 90 % is far above the German average. With 84 trainees and students, we are also one of the largest training providers in the region. In March 2025, we were awarded the Training Certificate by the Ulm Em- ployment Agency in recognition of these achievements. In addition, we continue to sponsor several Germany Schol- arship grants at Kempten University of Applied Sciences. SÜDPACK’s appeal as an employer is also reflected in the loyalty of our workforce. In 2024, we honored 37 employ- ees for 10 years of service, 17 for 25 years, 13 for 35 years, and 4 for 40 years with the company. Another sign of our strong reputation is that we consistently succeed in filling all open positions. We continue to offer not only secure employment in a dynamic work environment, but also attractive career prospects – whether for skilled special- ists and senior management, career changers, or those returning to the workforce. We value teamwork, support a healthy work-life balance, and empower our employees to develop future-focused skills while supporting their well-being at work. In addition, our remote and flexible working models strengthen both resilience and produc- tivity. In short, the SÜDPACK Family is more than a slogan – it is a lived reality. In 2024, our 60th anniversary was celebrated in true “Oktoberfest” style across all sites. With highlights such as the traditional keg tapping, a festive family dinner, great music, and many unforgettable moments, the evening was a resounding success for all employees. During the reporting period, there were also traditional Christmas parties, after-work events, and even free ice cream during the summer months. Employees at our Ger- man sites also benefit over the long term from company pension schemes, a well-structured retirement plan, and occupational disability insurance provided by SÜDPACK. Since 2024, we have introduced a 35-hour workweek for trainees and students as well as 37.5 hours for produc- tion staff. Core working hours in administration have been abolished, and remote work has been established for two days per week. With our “SÜDPACK Flexi” model, employees can also choose between a pay increase and additional vacation days. Development of the number of trainees and students 2022 2023 2024 Trainees Students Total 69 38 107 62 36 98 58 26 84 25
Age distribution of our employees Industrial Employees 2022 <30 13 % 30 - 50 29 % >50 14 % 2023 11 % <30 30 - 50 27 % >50 16 % 2024 11 % <30 30 - 50 25 % >50 16 % Commercial Employees 2022 <30 4 % 30 - 50 11 % >50 6 % 2023 <30 5 % 30 - 50 11 % >50 7 % 2024 <30 5 % 30 - 50 12 % >50 7 % Male 56 % 62 % 54 % 59 % 52 % 57 % Male 21 % 38 % Female 6 % 5 % 5 % Female 17 % 23 % 41 % 18 % 24 % 43 % 19 % 1 % 3 % 2 % 1 % 3 % 1 % 1 % 2 % 2 % 6 % 9 % 2 % 6 % 10 % 2 % <30 30 - 50 >50 <30 30 - 50 >50 <30 30 - 50 >50 <30 30 - 50 >50 <30 30 - 50 >50 5 % 10 % 4 % <30 30 - 50 >50 26
OCCUPATIONAL SAFETY Comprehensive training, safe technology, and the consis- tent application of high standards are the cornerstones of our approach to workplace safety at SÜDPACK. Our goal? To prevent occupational illnesses, minimize workplace accidents, actively safeguard the physical and mental health of our employees – and with it their performance levels – while also promoting their well-being and sense of job satisfaction. In the long term, this more than pays off, both for our employees and our organization as a whole. Our holistic approach to occupational safety improves not only working conditions, but also our corporate culture – and ultimately our competitiveness. For this reason, we have firmly anchored the two action areas of health pro- tection and occupational safety in our Sustainability Strat- egy – and backed them with targeted measures. HEALTH PROTECTION Preventive health programs and initiatives that encour- age safe and healthy behavior are core elements of oc- cupational health management at SÜDPACK. At our Ger- man sites, we already offer employees a wide range of high-quality services. These include established programs such as health and nutrition counselling, access to a com- pany physician, and carotid artery and skin cancer screen- ings (introduced in 2021), as well as Shiatsu massages for all staff. Our commitment to physical fitness includes an on-site gym as well as the EGYM Wellpass, which enables employees to access personalized programs at 10,000 partner studios and via a mobile app. In addition, our HR team offers self-assertion seminars and organizes dedicat- ed health days. WORKPLACE SAFETY SÜDPACK ensures a safe and healthy working environ- ment through the ISO 45001 management system and, since 2024, with the support of newly appointed occupa- tional safety officers. During the reporting period, the Safety Masterboard and the electronic incident log were rolled out to almost all sites – with the exception of SÜDPACK Grootegast (SPG). We now have an almost complete overview of accidents and near misses, along with a high level of transparency regarding safety measures across the Group. Since 2024, all employees have also had access to a table of acci- dent-related statistics. In addition, occupational safety videos on a range of topics are available in the languages of the respective sites. Several initiatives aimed at fostering safety awareness and improving accident prevention – especially for non-stan- dardized activities – have been initiated and will be rolled out shortly. Work accidents and injuries in ppm* 2022 2023 2024 Rate of accidents with absence from work > 3 days Rate of accidents with ab- sence from work for 0–2 days and consultation of a doctor Rate of accidents without absence from work and consultation of a doctor Rate of near misses and unsafe conditions 11 11 37 9 10 27 10 10 38 274 361 238 * Accidents per million working hours 27
SUPPLY CHAIN For SÜDPACK, resilient, transparent, and above all sustain- able supply chains are essential for long-term success in our markets. Human rights are of particular importance in this context. We acted early to meet our due diligence obligations – both within our organization and across our entire supply chain. In this context, we also addressed the EU’s Corpo- rate Sustainability Due Diligence Directive (CSDDD), with the aim of preventing or mitigating human rights and en- vironmental risks. A major milestone was the successful completion of SA8000 certification in August 2023 – an important part of our commitment to social responsibili- ty, both in the workplace and across the supply chain. We meet these external responsibilities through a robust risk management system, which focuses on supply chain transparency and ensures that sustainability is a decisive factor in purchasing decisions. Today, over 90 % of our as- sessed partners and suppliers have achieved at least 45 points in the EcoVadis rating, and 45 % have scored 65 points or more. As part of our risk management process, all suppliers are required to complete a self-assessment questionnaire. Country- and industry-specific risks are then verified via EcoVadis IQ once the data has been up- loaded. If the results are satisfactory, preliminary approval is granted, followed by final approval upon presentation of a valid scorecard or comparable certification. If justified concerns arise, the supplier in question must undergo a comprehensive audit. We are especially proud that SÜDPACK improved its Eco- Vadis rating by around 30 % between 2023 and 2025, achieving Platinum status. This places us among the top one percent of all companies assessed by EcoVadis. In the “Environment” category, we achieved an outstand- ing score of more than 90 out of 100 points. Thanks to intensive internal efforts, we were also able to improve our “Sustainable Procurement” score by 50 % compared to 2023. 28
Distribution of our suppliers’ EcoVadis scores (2024/25) SÜDPACK supplier scores EcoVadis benchmark SÜDPACK’s rating 0.0 % Insufficient (0-24) 8.2 % Partial (25-44) 44.9 % Good (45-64) 44.0 % Advanced (65-84) 2.9 % Outstanding (85-100) % n i s r e i l p p u s f o n o i t r o p o r P 29
Contact Information PRINT This progress report was printed on recycled paper certified with the Blue Angel Ecolabel. PUBLISHER SÜDPACK Holding GmbH Ecoformstr. 1 88416 Erlenmoos Germany Tel. +49 (0) 73 52 925-01 Fax +49 (0) 73 52 925-1100 info@suedpack.com www.suedpack.com