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

Prewave forms one component of Kverneland Group’s broader human rights due diligence framework and is used primarily as a tool for ongoing risk monitoring and data collection. In addition, due diligence is embedded within our procurement processes, where suppliers are assessed against our requirements, including adherence to our Supplier Code of Conduct and relevant human rights standards, prior to and during engagement. 3.2 Method Our due diligence approach is based on a combination of continuous risk monitoring and direct supplier engagement. Suppliers are assessed based on country risk, sector exposure, and supplier-specific information, including responses to self-assessment questionnaires aligned with international labour standards. This approach enables us to identify, prioritise, and follow up on potential risks in a structured and risk-based manner. As of 2025, Kverneland AS/Kverneland Group works with a significantly expanded supplier base within the Prewave platform. A total of 747 suppliers is now included in Prewave, reflecting a substantial increase compared to the previous year. This expansion enables broader visibility across our supply chain and supports a more comprehensive risk-based approach. In parallel with continuous digital monitoring, we have continued our supplier engagement through the Labour & Human Rights self-assessment questionnaire. 583 of 747 suppliers in Prewave have been requested to complete the self-assessment, which asks questions specific to ILO standards. Of these 583 suppliers, 555 requests were sent since the start of 2025, while 28 were sent in 2024. This demonstrates a shift toward large-scale engagement rather than a limited, prioritised pilot group as previously established. 3.3 Preliminary findings – Self Assessment Supplier engagement increased in 2025, with 131 responses received out of 583 requested self-assessments, corresponding to a response rate of approximately 22%. While this represents progress compared to previous efforts, it also indicates that a significant portion of the supplier base has not yet been covered through direct engagement. The majority of responding suppliers did not report any significant risks. However, three suppliers identified potential human rights risks within their supply chains. These cases are currently subject to further assessment and follow-up as part of our risk identification process in order to determine if an actual risk exists. Management from each of the relevant entities has been notified of the potential risk and the supplier is being contacted directly. It is important to note that the findings are based on self-assessment questionnaires, which inherently involve certain limitations. Responses are dependent on the supplier’s own knowledge, internal processes, and level of maturity in working with human rights and labour conditions. In some regions, awareness and implementation of such standards may be less developed, which may affect both the quality and completeness of the information provided. As a result, the findings should be interpreted with caution. While no confirmed adverse impacts have been identified, the current level of engagement and the nature of self-reported data mean that not all potential risks may have been identified. This underscores the need for continued supplier engagement and further verification of reported information. 3.4 Risk Analysis In 2025, Kverneland AS/Kverneland Group strengthened its due diligence approach by conducting a more comprehensive risk analysis based on data collected through the Prewave platform. This analysis builds on both automated and continuous monitoring and supplier self-assessments and provides a structured view of potential risks across the supplier base.

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