Rosendahl Design Group A/S Annual Report 2024 • Management’s Review Risks Rosendahl Design Group is exposed to a wide range of generic financial and non-financial risks and opportunities. The appli - cation of a holistic risk management approach is therefore an important management tool for Rosendahl Design Group. PRODUCT FAILURE An extensive and widespread supply chain distributed over large parts of the world increases the risk of product failure. Therefore, Rosendahl Design Group works systematically to ensure that all our products can be used without any risk to end users. Risk assessments are conducted on all new products, initiating tests where relevant and necessary e.g. testing for thermal choc or harmful chemical residues. Our products are systematically tested for health hazardous substances, we regulary follow up in terms of HSE protocols and employee conditions and submit declarations of con- formity under Danish and international legislation for products that come in contact with food. Furthermore, in-line and final inspections are conducted to make sure that no technical product failures arise. The claim level from customers is below 1% and there have been no product recalls during 2024. This level is consistent. ENVIRONMENT AND CLIMATE At Rosendahl Design Group we work long-term and systemati- cally on reducing our environmental impact and ensuring environmental responsibility and accountability in our supply chain. The production of goods can affect the environment in several different ways, including CO2e emissions from energy- intensive production or in connection with improper handling, mismanagement or inappropriate disposal of production waste, chemicals, and other harmful substances. We cooperate with partners in our supply chain in countries and geographical regions where corruption is present. To mitigate these risks, we have implemented a gift-policy availa- ble to all employees providing guidance in the case a gift is offered. We have a zero-tolerance to bribery, which is a part of our code of conduct, and all suppliers adhere to it. All suppli- ers in risk-classified (per Amfori BSCI Risk filter) countries are audited accordingly. SOCIALLY RESPONSIBLE SUPPLY CHAIN We have a responsibility to ensure the respect of human rights and fair working conditions throughout our supply chain. We have a code of conduct, shared with, and signed by, all our product suppliers, covering, among other areas, human rights, and labour rights. Furthermore, all suppliers in risk-classified countries are subject to yearly audits by a third-party audit company. The audit report provides an insight in the working conditions at the factories and enables us to initiate improve- ments, where necessary, based on audit results. Our commit- ment to the B Corp standard also emphasizes continuous improvement and partnerships within the supply chain, both, with large focus on the latter, will be of focus moving forward to reduce risk related to workers in supply chain. AGREEMENTS RESTRICTING COMPETITION A competitive market with strong, consolidated retailers increases the risk of anti-competitive practices such as price agreements. Rosendahl Design Group takes an active approach against such risks by conducting compliance programs, reviewing contracts, upholding Chinese walls between internal sales channels, and implementing value-based business practices. We strive to always work in accordance with existing and inter- nationally recognized environmental standards and principles that fully or partially apply to liability for the environment and climate. These are among others the UN Global Compact prin- ciples, Greenhouse Gas Protocol for climate reporting and the regulations within REACH and WEEE. These guidelines contrib- ute to our systematic work, ensuring that our activities are carried out responsibly in relation to the environment and climate. On top of that we gained a B Corp certification in early 2024 which serves both as a proof of us heading in the right direction and stepping up as a responsible company, and also a commitment to continuous improvement within ESG perfor- mance, including Environment and Climate. ANTI BRIBERY Bribery poses a risk to our organization, potentially leading to legal, financial, and reputational damage. This risk arises from the possibility of employees, contractors, or third par- ties engaging in corrupt practices to gain undue advantages. INCREASED COMPLIANCE REQUIREMENTS Increased requirements in the fields of GDPR, marketing law and equivalent regulated areas increase the risk of violations. Rosendahl Design Group has implemented designated software to manage procedures, documentation and agree- ments as well as adopted compliance policies and guidelines within all relevant topics. REPUTATION It is of significant importance to Rosendahl Design Group that we act ethically and socially responsible and that our practices and agreements are respectful of environmental and social considerations. Being a B Corp certified company goes hand in hand with this ambition and is further supported by the adoption of a social and environmental obligation in our Articles of Association. We strive to continuously improve the compa- ny’s reputation so that we remain a trusted business partner, an attractive supplier to the consumer, and a preferred place to work. 16
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