In 2020 we started the new strategic cycle, through which we will invest more than 1 billion Euros in Romania until 2029 by implementing the 7 development pillars: 1. Store renovation and enhanced shopping experience In 2022, we completed the remodeling process for all stores in the network. We started this project in 2020, and in those three years we remodeled a total of 251 stores. Today, all the stores in Romania follow the PENNY Point format. 2. Expansion In 2022, the PENNY network reached 336 stores. Over the 12 months, we opened 36 new units, the first year in the company's history that we opened more than 30 branches in Romania. By 2029, we plan to reach 600 stores and six logistics centres. 3. Romanian products Under the umbrella of the 3RO (TripleRO) objective, in 2022 we launched the initiative "100 business ideas for Romania", an ambitious approach through which we want to offer Romanians, together with the relevant authorities and the local business environment, as many products as possible with the main ingredient from Romania, processed and packaged in the country. Currently, 100% of the fresh meat (beef, chicken and pork) sold in PENNY stores is in line with the 3RO target. We continue to work responsibly towards this goal so that by the end of 2023 we will reach 60% 3RO products available on the shelf. In addition, we continue to develop our private label portfolio and are pleased that many products in ranges such as the and Hanul Boieresc or SuporteRO are increasingly sought after by our customers. 4. PENNY team At PENNY, success starts with people, which is why we constantly invest in the wellbeing of our colleagues. It is important to us that every PENNY employee feels valued and have the guarantee of a stable job. That is why we take care to offer our colleagues a comprehensive benefits package, such as extra days off or performance bonuses and vouchers. It was a great joy for us to receive the Top Employer certification in 2023 for the second consecutive year. 5. Digitalization Last year, in addition to continuing our collaboration with Glovo, we entered into a new partnership with Bringo to be as close as possible to our customers, regardless of the platforms they are on. Also, to meet customer needs, we launched a cash withdrawal service at cash registers in 2022. We have installed the first self-checkout tills in selected stores and, for now, we are analyzing customer feedback to see if it is a suitable option for them. 6. Sustainability Also in 2022 we continued to be a sustainable and environmentally friendly company. The Filiași logistics centre achieved BREEAM (Building Research Establishment Environmental Assessment Methodology) International New Construction 2016 certification with a record score – 92.89%. Our efforts in this direction were recognized by the Gold Award certification we received in the Corporate Sustainability & Transparency Index 2022, a comprehensive analysis that tracks the highest standards of sustainability. At the end of 2022, we issued a first in Romanian retail. Together with our partners at Step One Spedition and Mercedes-Benz Trucks & Buses Romania, we started testing the eActros 300, the first electric truck available in Romania. 7. Integrated communication In 2022, we continued to be close to young women and mothers from disadvantaged backgrounds through the Health for Every Community project with Save the Children. Our customers supported this initiative by buying DINO toys. Also last year, we were happy to launch "The Memory of Summer Taste", a cook & travel video series with Alex Petricean. He travelled to eight regions of the country and cooked local recipes using ingredients from Hanul Boieresc. RONNY was also the most loyal supporter of the national football team in 2022, going to stadiums and being involved in influencer campaigns. On top of all these successful projects, we continued our “PENNY la zi” (“PENNY up-todate”) corporate event series with two more episodes that we are very proud of. The PENNY project to date won GOLD Sabre Awards at the EMEA Sabre Awards 2022. CORPORATE GOVERNANCE AND BUSINESS SUSTAINABLE ASSORTMENT ENERGY, CLIMATE AND RESOURCES EMPLOYEES AND SOCIETY REPORT ASSURANCE GRI & SASB INDEX
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