GVS S p A : Consolidated Non-Financial Statement 2023

Colours of Hope: GVS and Bimbo Tu together

In collaboration with the non-profit association Bimbo Tu, GVS embraced the opportunity to be able to use the children's drawings to graphically present its 2023 Consolidated Non-Financial Statement. Together, we showcased the works of great little artists, making a donation to support their mission. The Association's aim is to support children, adolescents and their careers with passion, skill and determination throughout the entire journey when coping with solid tumours, epilepsy and autism.

It welcomes and supports families during their most difficult moment, assisting doctors in diagnosis and treatment and supporting researchers. Volunteers assist patients and their families in the paediatric neurosurgery and neuropsychiatry departments at various hospitals in the Bologna area on a daily basis.

We not only wanted to share the results of GVS through this collaboration, but also to celebrate the beauty and resilience of children battling various diseases. Each drawing is a tribute to their ability to find joy even in the most difficult moments. We are happy to be able to contribute, even in a small way, to supporting the children and their families.

Therefore, we invite you to browse through our Statement not only for its content, but also for the stories of hope behind each design. Each chapter includes a drawing that tells a story of courage and strength.

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CEO LETTER TO STAKEHOLDERS

Dear Stakeholders,

I am pleased to present the Consolidated Non-Financial Statement for the year 2023. This document reflects GVS's vision for a more sustainable future and provides an account of activities and achievements related to the environmental, social and governance areas over the past year.

We diligently continued to pursue our motto "We make it happen" in 2023, continuing on the path of sustainable growth while constantly respecting the founding elements of our strategy: Ecological transition, Valuing people, Responsible innovation and Ethical conduct.

For more than 40 years, the core of our business has been the development of innovative products characterised by a single shared goal: protecting people's health and ensuring their safety. We ambitiously continue to do so thanks to the work of our research and development centres present worldwide and the daily commitment of our employees. During 2023, we worked to bring new solutions to the market, designed not only to ensure the health and safety of our customers, but also to reduce environmental impacts.

In the past year, we also decided to establish the Cross-functional Sustainability Committee, with the aim of creating a formal space to discuss future sustainability challenges and to define our strategic priorities. One of the first challenges for 2024 will be the definition of an ambitious Group-wide Sustainability Plan, in which we will consolidate our vision by setting targets and objectives.

We have been following the direction provided by the United Nations for three years now, supporting the ten principles promoted by the Global Compact. We formalised our commitment to sustainability in 2021 by joining this programme, with the aim of promoting a global economy based on respect for human and labour rights, environmental protection and the fight against corruption. Thanks to the Group's commitment to sustainability issues, Ecovadis awarded GVS a gold medal in 2023, an achievement that places us among the top 5% of companies assessed by Ecovadis globally for sustainability management and of which we are deeply proud.

We believe that the work done in 2023 is a further step towards increasingly responsible management, which will benefit not only GVS, but also the planet and people.

I would like to take this opportunity to once again thank all the people of the GVS Group and all the stakeholders for their fruitful cooperation and their unparalleled contribution to overcoming the challenges faced along the way.

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2023 AT A GLANCE

GVS Group

Ethical conduct

Ecological transition

Environmental

Management

System

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Valuing people

Responsible innovation

Management

System

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1.1 Corporate identity

GVS S.p.A. is an Italian company based in Zola Predosa (Bologna), listed on the Italian Stock Exchange's electronic share market (MTA), the leader in the supply of advanced filtration solutions for critical applications in various highly regulated sectors. The company operates through the following divisions: Healthcare & Life Sciences, Energy & Mobility and Health & Safety.

The Group is structured as follows:

• the headquarters are the decision-making and administrative centre where the Group's strategies are defined: GVS S.p.A. is located in Zola Predosa (Bologna), Italy;
• 19 production plants located in Brazil (1), China (3), Italy (5), Mexico (2), Puerto Rico (1), the United Kingdom (1), Romania (1) and the United States (5);
• 29 sales offices located in Argentina, Brazil, China, South Korea, Japan, India, Italy, Malaysia, Mexico, Puerto Rico, the UK, Romania, Russia, the USA, Thailand, Turkey and Vietnam;
• Over 4,000 employees worldwide.

In order to effectively support customers in the development and implementation of their projects, GVS has always placed great emphasis on the constant improvement of the quality of its products and the innovation of its production processes. Since its origins, the Group has shown a strong tendency to develop in global markets and has established, through its collaborators and foreign branches, an international sales and production network to closely support its clients and offer them a more efficient service.

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1.2 The Group's guiding values

All activities carried out by GVS are in compliance with the laws and regulations of the countries in which it operates. In addition, GVS undertakes to respect its ethical principles in the performance of its activities at all company levels, as set out in its Code of Ethics:

• Integrity: honesty and responsibility are the foundations of all business interactions and stakeholder relations, and we strongly condemn all forms of harassment, threats or violence, including moral violence;
• Fairness: we demand a polite and respectful attitude towards others at all times, diligently observing internal procedures and rules, and avoiding situations of conflict of interest, even if only potential;
• Honesty: we refuse to pursue personal or business interests in violation of civil or ethical standards;
• Transparency: we work to ensure the utmost transparency in communications and information disseminated, as well as in the choice of suppliers on the basis of objective and predetermined criteria;
• Impartiality: we always act impartially, rejecting any discrimination towards anyone interacting with GVS;
• Efficiency: we always apply the utmost professionalism, diligence and dedication to our work;
• Confidentiality: we always act with the utmost confidentiality in the handling of sensitive information, refraining from disclosing our or third party information and always adopting a discreet and unobtrusive behaviour in the performance of duties.

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