The remuneration process Management compensation is based on a Management By Objectives (MBO) process. Salary increases are proposed by senior managers and approved by management based on a transparent and independent process that takes into account labour market variation indicators and employee performance. Annual assessments include achievement bonuses for those involved in the coordination of sustainability projects, in particular the Sustainability Manager. More information on fixed and variable remuneration, bonuses and benefits can be found in the Employees and Society chapter, the same policy is applied regardless of the role. Total annual compensation rate The ratio of the annual compensation of the highest paid person to the average compensation of all employees was calculated based on employee category. Thus, in 2022 the highest paid employee in stores had a compensation level 2.37 times higher than the average in stores. At the same time, in logistics centers the highest paid employee received 3.05 times higher compensation than the average compensation in stores, and in headquarters it was 3.54 times higher. The data was compiled by taking into account the compensation for the person with the highest position in each category, except for the positions of Logistics Director and Warehouse Manager which belong to the headquarters. The ratio of the total annual compensation for the organization's highest paid individual to the average total annual compensation for all employees (excluding the highest paid employee) 2021 2022 Stores 1:2.48 1:2.37 Logistics Centers* 1:2.95 1:3.05 Headquarters 1:3.61 1:3.54 * Logistics Director and Warehouse managers were included in the report for Headquarters The salary for the highest paid position in the organization increased by 7.06% in 2022 compared to 2021. The previous increase was 2.70% in 2021 compared to 2020. Median compensation for all but the highest paid employee went up by 10.24% in 2022 from the previous year. While in 2021 median compensation increased by only 2.49% over 2020. The ratio of compensation increase for the highest paid person to the median compensation increase for all employees except the highest paid person was 1:1.08 in 2021, a balanced increase for both categories. In 2022, the growth ratio was 1:0.68, representing a significant increase in compensation for the organization's employees, as opposed to the highest paid individual. CORPORATE GOVERNANCE AND BUSINESS SUSTAINABLE ASSORTMENT ENERGY, CLIMATE AND RESOURCES EMPLOYEES AND SOCIETY REPORT ASSURANCE GRI & SASB INDEX
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