Iochpe Maxion S A : Relatório de Sustentabilidade

2022 SUSTAINABILITY REPORT I MESSAGE FROM THE CEO

MESSAGE FROM THE CEO

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In 2022, we made great strides in Iochpe-Maxion's vision of shaping the automotive future while growing our business in a sustainable manner with an overall reduction of 19.7% greenhouse gas emissions when compared to our 2019 baseline.

I attribute our accomplishment to the incredible dedication of our people and their continued commitment to teamwork and innovation to find solutions that drive our mobility business forward in a sustainable way.

It is with this strong support that we aggressively pursue our goal of ROADMAP ZERO

• our commitment to be- come a carbon neutral sup- plier by 2040. To reach this, we have set both short and long-term goals, with key milestones for our emissions in 2025 and 2030.

This transition plan, until our neutrality, is aligned with the Paris Climate Agreement to limit the global temperature to 1.5°C above pre-industrial levels. ROADMAP ZERO is a whole company strategy, where everyone takes part

• from local operators to our senior leadership, with CO2 reduction objectives factored into our employee compensation scheme. By driving emissions reductions in a structured way, we are

also able to further support our customers and suppliers in their carbon reduction journeys with affordable sustainable solutions. In the end, we believe these efforts will improve our competitiveness and drive shareholder value.

Our work in 2022 continued against a backdrop of geopolitical uncertainty, supply chain issues and increasing energy costs - yet this did not sway us from our goal to be a sustainable leader in the automotive sector with major advancements made

in procurement and utilization of renewable energy and implementation of several solar generation projects.

We further demonstrated this urgency by joining the United Nations Global Compact and committing to the SBTi Net-Zero Standard. These public pledges also serve to bring greater visibility of sustainability across our organization so that all our people know how they can contribute.

We made equal progress in diversity and inclusion, and expanded our social engagement with the global communities where we operate. We continue to prioritize safety in all that we do, and we ensure that, whatever role any of us have, be that in IT, Operations, Logistics or Human Resourc- es, the responsibilities and impact we can have on the Com- pany's performance is clear.

In our 2022 report we demonstrate how teamwork and innovation underpin our work and how the technical knowledge and engagement of our people are the key ingredients to our success. Our work to reduce waste, improve cycle time, innovate for the future, and eliminate CO2 remains our competitive advantage and drives shareholder value.

We know that achieving our ROADMAP ZERO 2040 goal will take continued effort over a long period of time.

Marcos Oliveira

PRESIDENT AND CEO

I am confident that with our fervent dedication to society and the environment, we will navigate the challenges ahead and lead industry in the global transformation of sustainable mobility.

2022 SUSTAINABILITY REPORT I ABOUT THE COMPANY

ABOUT THE COMPANY

From our beginnings in lumbering activities in 1918 in Brazil, Iochpe-Maxion has grown to become a global company, leading, the world's production of automotive wheels and being a leading producer of automotive structural components in the Americas.

Our corporate office is based in São Paulo, Brazil, and we employ more than 17,000 people across our 32 manufacturing plants our corporate office is based in the 14 countries where we manufacture our products. GRI 2-1

Our international reach gives us significant opportunity to connect with our global customers to meet their industry requirements as we look for new ways to innovate our products for a sustainable future.

For more information:

https://www.iochpe.com.br/en/the-company/history-overview/

Our divisions and products

Iochpe-Maxion conducts its core business operations through two divisions: Maxion Wheels and Maxion Structural Components. At Maxion Wheels, we offer a wide range of steel wheels for light and commercial vehicles and agricultural machinery, and aluminum wheels for light vehi- cles. At Maxion Structural Com- ponents, we produce side rails, cross members, and full frames for commercial vehicles, and other structural components for light and commercial vehicles.

2022 SUSTAINABILITY REPORT I ABOUT THE COMPANY

OUR GLOBAL FOOTPRINT

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Our global network of strategically located operations enables us to connect with our customers and suppliers around the world to deliver high-quality products.

Geographic presence

Maxion Wheels

Maxion Structural Components

Offices

MAT

Amsted-Maxion/Greenbrier Maxion

1

2

5

3

6 789

6

9 10

11

7 8 12

16

14

15

13

12131415

10

Czech

Republic

Ostrava

17

16

11

Austria

Vienna

17

4

For more information:

Maxion Wheels: https://www.maxionwheels.com/

Maxion Structural Components: https://www.maxionsc.com/

China

Nantong

Suizhou

Shanghai

Japan

Yokohama