Rosendahl Design Group A/S Annual Report 2023 • ESG Reporting CLOSER DIALOGUE TO IMPROVE TRANSPARENCY We have started up a closer dialogue covering the ESG (Environmental, Social & Governance) area with our largest business partners during 2023. The aim of the dialogues is to improve transparency in the value chain, as well as a more thorough understanding of the challenges and possibilities that we are facing within ESG. We will continue the dialogue moving forward, extending it to more business partners. BIODIVERSITY LOSS Decline in biodiversity is closely linked to climate change, pollution, and land and water use. We manufacture products from natural materials, such as wood and cotton which, in the raw material production, influence the land use in the areas where it is grown. This is one of the reasons why we have become FSC® and GOTS certified - to make sure that the impact on nature is controlled. Common for all of them is that climate change and the environmental impact of their production sites is the main focus for them. Some are already in the process of shifting energy sources from non-renewable to renewable, while some have not yet started. A close dialogue is needed to create a mutual understanding of what it takes to transform to a more sustainable production. Our ambition is to support the suppli- ers on this journey. We currently know too little about our overall impact on biodi- versity throughout the value chain, but what we do know is that it is becoming increasingly more important to control and reduce, whatever the impact is. We have therefore tagged biodiversity as one of the emerging topics, to which we must give extra attention in the coming years. Therefore, during 2024 we will focus on gaining more knowl- edge about the area and performing a biodiversity analysis of our value chain to identify the hot spots, and to develop an action plan for how to mitigate the potential negative impacts moving forward. 37
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