SUSTAINABILITY REPORT PENNY ROMANIA 2023 22/256 Our business principles and value chain management Within the Romanian retail market, we position ourselves as a top discounter and focus on selling a wide range of food and non-food products. We pay close attention to the structure of our value chain, evaluating the direct and indirect effects generated by our operations, including stores and logistics centers, as well as upstream, i.e., the supply chain, and downstream, represented by the distribution of products and services. We are committed to promoting sustainability in all regions where we operate, paying particular attention to the potential impact of our activities on the environment and society. We conduct a rigorous assessment of external risks and opportunities that could influence the company's governance and performance. For us, it is essential to take a preventive approach, reduce the negative impact and amplify the positive benefits of our work. We conduct our business following a set of people-oriented principles. Our objectives regarding how we operate our business are based on the principle of operational excellence, thus we want to ensure that our customers can purchase the products they want as conveniently as possible, offering good prices, quality, products assortment and high service. We value everyone equally, and our relationships are based on mutual respect, whether they involve suppliers, customers, employees, or other stakeholders. We strive to identify new processes and needs where we can make a valuable contribution, and we are keenly aware of the importance of working with all our stakeholders along the value chain. This includes manufacturers, manufacturers, suppliers, employees, and subcontractors in REWE logistics centers and PENNY stores, customers, academia, and others. We recognize that many of these partners can significantly influence our business, either through the supply chain or the product distribution chain. Given the uncertainties related to macroeconomic trends in 2023, such as slowing economic growth and rising interest rates, we are actively monitoring the situation and are ready to adjust our business operations and to continue to focus on attractive prices for our customers. Regionality remained the priority direction in the development of our product portfolio in 2023 as well. We continued to invest in expanding collaborations with local producers and further developed partnerships aimed at supporting the local economy. MESSAGE FROM THE GENERAL DIRECTORS SUSTAINABILITY STRATEGY AND GOVERNANCE ABOUT US AND OUR VALUE CHAIN ABOUT THE REPORT THE FUTURE IS MADE TODAY SUSTAINABILITY MILESTONES CONTENTS
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