2026-06-02 KVG Due-diligence-report final

1.2 About the report and Kverneland Group

The obligations under the Norwegian Transparency Act (Åpenhetsloven) (the “Transparency Act”) apply to the activities of Kverneland AS (“KvAS”) and Kverneland Group (“KvG”). Kverneland AS is the Holding Company that owns all entities within Kverneland Group. Since 2012, it has been a fully owned subsidiary of Kubota Group. Kverneland Group is one of the leading international companies for developing, producing and distributing agricultural machinery, most notably for tillage, sowing and spreading, as well as grass care equipment.

Kverneland Group operates within a global supply chain involving suppliers across multiple countries and sectors. This exposes the company to potential risks related to human rights and working conditions, particularly in regions with higher inherent risk or where supplier transparency is limited.

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The management of Kverneland AS/Kverneland Group holds the ultimate responsibility for ensuring that our work under the Norwegian Transparency Act is carried out in accordance with legal requirements and the OECD Guidelines for Multinational Enterprises.

This report was prepared in accordance with the requirements of the Transparency Act and covers the period from 1 January 2025 to 31 December 2025. For information about our organisational structure and general supplier follow-up, please refer to our 2023 statement.

2. Policies and Governance of Kverneland Group Kverneland Group’s approach to responsible business conduct is anchored in its Human Rights and Due Diligence policies. These policies define our expectations for suppliers with regard to labour conditions, human rights, and ethical business conduct, and are aligned with the OECD Guidelines for Multinational Enterprises.

Responsibility for implementation lies with Group management, supported by designated representatives at each production site who are responsible for supplier follow-up and risk assessment activities.

3. Due Diligence of Kverneland AS/Kverneland Group Suppliers 3.1 Background In 2025, Kverneland Group transitioned from a pilot phase to a scaled implementation of due diligence processes across all European factories. This significantly expanded the scope of our risk assessments and enabled a more systematic and continuous approach to monitoring supplier-related risks. All Kverneland Group factories have now been onboarded to Prewave, a supplier and risk management platform, enabling a more consistent and centralized approach to supply chain risk monitoring. This expansion marks a significant step toward embedding continuous due diligence into our operations. Prewave continues to provide automated monitoring of publicly available data sources, while also supporting structured supplier engagement through self-assessment questionnaires. This dual approach strengthens our ability to both identify and assess potential risks related to human rights and labour conditions in our supply chain. Additionally, we have expanded our core due diligence working group and knowledge base internally. Each Kverneland Group factory has a minimum of one key contact who is trained in the risk assessment and supplier engagement tooling of Prewave. This adds another layer of continuous monitoring and supports a more transparent process.

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