EU taxonomy

Pursuant to the Regulation (EU) 2020/852 of the European Parliament and of the Council of 18 June 2020 on the establishment of a framework to facilitate sustainable investment, and Commission Delegated Regulation (EU) 2021/2178, Grupa KETY S.A. has been presenting the proportion of the turnover, capital expenditure (CapEx) or operating expenditure (OpEx) applicable to the business activities qualifying under the taxonomy. The below specification, compliant with the guidelines of the Commission Delegated Regulation (EU) 2021/2178, has been prepared in a simplified manner, i.e. without the application of the technical screening criteria based on which there is determined a percentage of the category related to environmentally sustainable activities.

The turnover percentage has been calculated based on the total consolidated revenue of the Capital Group in 2021, disclosed in the consolidated financial statements in the item ‘Revenue from contracts with customers’ and described in note 12.1. In the numerator, the revenue from activities qualifying under the taxonomy have been applied, i.e. manufacture of energy-efficiency improving equipment for buildings, including windows, doors, façades and external roller-shutters, by the Aluminium Systems Segment.

Capital expenditure (CapEx) has been calculated based on the capital expenditure of the Capital Group described in note 17 ‘Property, plant and equipment’ of the consolidated financial statements. In the numerator, the part of capital expenditure on activities qualifying under the taxonomy

Operating expenditure (OpEx) has been calculated based on direct, non-capitalised costs that relate to research and development, building renovation measures, short-term lease, maintenance and repair, and any other direct expenditures relating to the day-to-day servicing of property, plant and equipment. In the numerator, the part of operating expenditure on activities qualifying under the taxonomy and incurred by the Aluminium Systems Segment have been applied.

In the calculation of the KPIs, the definitions provided in Annex I to the Commission Delegated Regulation (EU) 2021/2178 have been used.

The indicators have been calculated following the principle of avoiding double counting, i.e. the particular types of activities of the Capital Group have been assigned solely to one type of qualifying activities. A similar principle has been applied to the indicators describing capital and operating expenditure. In case a specific activity generating revenue in 2021 has been assigned to any of the taxonomy-aligned activities, the capital and operating expenditure related to those activities have been assigned solely to those activities.

The significance level of a turnover KPI has been assumed at 0.25% of the turnover generated by the Capital Group in 2021.

The table below presents the 2021 KPIs of the Capital Group of Grupa Kęty S.A.