CLIMATE CHANGE POLICY
FinOne Industries India Private Limited

Adopted by the Board of Directors of FinOne Industries India Private Limited on May 01 2023

Regd. Office: Plot No. 3, Sy. No. 34/7, Kh No. 195,Basavanapura, Bangalore - 560083, Karnataka, India
CIN: U29100KA2023PTC173092
Website: www.finoneindustries.com

TABLE OF CONTENTS

1. Introduction

2. Committed to Climate Preservation

1. INTRODUCTION

1.1 The United Nations Framework Convention on Climate Change (UNFCCC) and the Paris Climate Agreement provide a global framework for collective action to address the challenges of climate change. These frameworks highlight the urgent need for businesses worldwide to play their part in combating global warming.

1.2 At FinOne Industries India Private Limited, we are dedicated to contributing to a cleaner, more sustainable future by adopting environmentally friendly technologies, business practices, and innovations. We aim to ensure that future generations inherit a healthy, thriving planet.

1.3 Climate change is a matter of utmost importance for FinOne Industries India Private Limited and all our stakeholders. Our commitment to minimizing the environmental impact of our operations is integral to our business model and reflects our long-term sustainability goals.

1.4 To achieve this, FinOne Industries India Private Limited will focus on the following principles:

• Minimizing and, wherever possible, eliminating greenhouse gas emissions.

• Enhancing energy efficiency across all areas of our operations and maximizing the use of renewable energy sources.

• Improving water efficiency and implementing water conservation practices.

• Reducing waste and increasing recycling efforts.

• Engaging in climate-positive actions and promoting economic circularity.

• Ensuring compliance with regional and country-specific environmental regulations.

1.5 This policy applies to all companies within FinOne Industries India Private Limited and emphasizes the fundamental principles that shape our responsibility regarding climate change.

1.6 The Policy shall be approved at the Board level for each company under FinOne Industries India Private Limited and adopted in letter and spirit by the management of the company.

2. COMMITTED TO CLIMATE PRESERVATION

2.1 Climate Change Strategy
FinOne Industries India Private Limited is committed to developing a comprehensive climate change strategy that aligns with the needs of our stakeholders, the environments and communities in which we operate, and society as a whole. This strategy will include the following key elements:

• Defining clear, measurable targets to reduce our environmental impact.

• Establishing timeframes for achieving these targets, with significant progress reviews scheduled for 2025 and 2030.

• Setting specific climate-related management objectives.

• Conducting climate risk assessments and impact analyses.

• Developing a product and process roadmap focused on climate-positive portfolio development.

• Engaging with our supply chain to drive sustainability and environmental responsibility.

• Fostering innovation and research for new solutions that create a positive environmental impact.

• Striving for continuous improvement in energy use, water management, and waste reduction.

2.2 Climate-Related Industry Trends and Emerging Opportunities
At FinOne Industries India Private Limited, we see significant opportunities for climate-positive actions driven by emerging industry trends and changing consumer attitudes. These opportunities include:

• Providing value-added solutions for electrification and new energy vehicles.

• Expanding the use of renewable energy sources and sustainable energy solutions.

• Increasing the use of recycled and recyclable materials in our manufacturing processes.

• Developing products made from natural, environmentally sustainable materials.

• Pursuing innovative research and development for solutions that help mitigate environmental impact.

2.3 Compliance with Environmental Laws
FinOne Industries India Private Limited is committed to complying with all applicable environmental laws, regulations, and standards in the regions where we operate. We will continue to monitor and enhance our processes to meet the evolving requirements of climate-related policies.

2.4 Collaboration and Stakeholder Engagement
We will work closely with our customers, suppliers, and the communities in which we operate to address environmental challenges and develop sustainable solutions. By fostering collaboration across the value chain, we aim to maximize the collective impact of our climate change initiatives.

2.5 Policy Review and Updates
This policy will be reviewed periodically to ensure that it remains relevant and effective in driving our climate change strategy. Updates will be made as needed to incorporate new insights, technologies, and best practices.