Remuneration Policy

Our remuneration policy rewards contributions to achieving Company objectives and generating stakeholder value. We aim to provide competitive remuneration packages that align with market practices in the key markets where we compete for talent. We conduct regular reviews (at least once every three years) of director and senior management members’ total remuneration compared to our reference companies. Our remuneration policy and total compensation aligns or slightly exceeds the market median for fixed compensation, benefits, and short-term variable compensation. The long-term incentive component consists of equity grants, is the size of which is positioned between the 50th and the 75th percentile of our global reference group. Our remuneration policy is available on our website. Our remuneration policy was adopted at the 2021 General Meeting with a 76% majority vote.