Addendum: 2022 GHG Emissions Update

______________________________________________________________________________________

GHG emissions | update 2022 results

Recticel's overriding purpose is to accelerate the fight against climate change with insulation solutions that advance a carbon-free economy and a better life for current and future generations. In July 2023, Recticel formalised its ambitious emissions targets by submitting them to the Science Based Target initiative (SBTi). It has committed to achieving net zero on Scopes 1 and 2 and a 25% reduction on Scope 3 by 2030. By 2050 at the latest, Recticel intends to be a net zero emission company on Scopes 1, 2 and 3.

Whilst completing our submission file to SBTi, we discovered a reporting error in the Recticel Annual Report 2022. We wish to point out that the reported Scope 2 indicator shows the market based emissions instead of the location based emissions. In the table here below both emissions are displayed. The variance between market and location based emissions is the impact of renewable energy in Recticel's operations.

Related pages in AR2022: page 6, 69

GHG Indicators (tCO2e)

Scopes 1 + 2 + 3 (*)

2021	2022	∆ tCO2e	∆ %
852,220	851,462	-758	0.0%

Scopes 1 + 2 (*)			10,238	9,088	-1,150	-11.2%
Scope 1			5,418	4,858	-560	-10.3%
Company vehicles			825	948	124	-
Energy (Natural gas, LPG, other fossil fuels)			4,474	3,809	-665	-
Refrigerant losses			118	100	-18	-
Scope 2 (market based)			4,820	4,230	-590	-12.2%
Scope 2 (location based)			4,935	4,709	-226	-4.6%
Variance = impact of renewable energy			115	479	364
Scope 3			841,981	842,374	393	0.0%
Purchased goods and services	Cat 1	upstream	603,422	599,396	-4,026
Capital goods	Cat 2	upstream	1	179	179
Upstream Energy from Scopes 1 & 2	Cat 3	upstream	2,283	2,373	91
Upstream transportation & distribution	Cat 4	upstream	9,725	11,468	1,743
Waste generated in operations	Cat 5	upstream	1,218	1,349	132
Business travel (air, ground, accommodation)	Cat 6	upstream	31	214	183
Employee commuting	Cat 7	upstream	1,215	1,211	-3
Leased assets	Cat 8	upstream	65	203	138
Downstream transportation & distribution	Cat 9	downstream	9,477	10,028	551
End-of-Life treatment of sold products	Cat 12	downstream	214,547	215,648	1,101
Leased assets	Cat 13	downstream	0	303	303

(*) Scope 2 market based

Updated: 20 July 2023

_____________________________________________________________________________________

Recticel NV/SA • Bourgetlaan 42 Avenue du Bourget • B-1130 Brussels • www.recticel.com