ROCKWOOL ESG Presentation Sustainability Report 2019

19 March 2020

10 Sep. 2019 Environment: Climate Change and Energy efficiency

13 Dec. 2019 Environment: Circularity

19 Mar. 2020 Sustainability Report 2019 launch

29 May 2020 Social impact and governance

18 Sep. 2020 TBD

1 COVID-19 update 2 This future rocks

Aiming to meet Denmark’s CO2 3 reduction commitment 4 Product impact 5 Progress on sustainability goals 6 Q&A © ROCKWOOL Group ESG presentation March 2020 3 COVID-19 update

Production operations . We continue to serve our customers in the best way possible

. Operations in China are gradually normalising

Office operations . Only critical office activities taking place onsite; other office colleagues working from home where feasible

. Strict limits on size of meetings; online meetings

People . Heightened personal hygiene awareness; strict limits on international business travel

. 80% CO2 reduction in Norway (vs. previous technology) + 90% revenue from . Accelerating investment in sustainability products with positive environmental impact

. ROCKWOOL products in regulatory sweet spot . Stricter requirements for circular products . Classified in EU taxonomy as low carbon technology for sustainable investments

. Strong progress on our sustainability goals . 18% reduction in landfill waste . 5% improvement in water efficiency

THE POWER OF NATURE / STONE It’s all about harnessing the power nature. Stone – like wind - has unique properties that we use to create exceptional solutions that improve quality of life all over the world. We call them the 7 Strengths of Stone and they are the secret behind all of our products. Will the Denmark SAILGP team prove as tough as stone? CITIES SailGP races take place in some of the most iconic cities around the globe. Each city has it’s own unique challenges, but they all want the same: to be great places to live without negatively impacting the surrounding environment. ROCKWOOL can help them to achieve their mission.

SUSTAINABILITY Sustainability is about improving people’s quality of life without negatively impacting the environment. Our mission is to show that progress need not to undermine the environment but instead can offer positive solutions to create a better future. With our solutions, we can create great indoor places that also promote a better outdoor. THE CHALLENGE The Danish team face a great challenge. They are the newcomers with very limited time to train before the first race. As society we face an even greater challenge; the climate challenge. Only by working together and utilizing the best solutions can we rock this future. TECHNOLOGY Technology is the bedrock of our modern society. Everyday we push the boundaries between possible and impossible; creating new solutions that improves the quality of life whilst minimizing environmental impact. We have the technology, now it’s time to use it to it’s maximum potential and race to a better future at 50 knots. TEAMWORK In sport, as in business, teamwork is everything. No matter how many talented individuals, if they don’t work together, they can’t achieve greatness. Humbleness, hard work, optimism and ambition are what defines us. We believe that we are greater together and this is the key to our success.

70% CO2 reduction ROCKWOOL

70% CO2e reduction Denmark

ROCKWOOL’s Denmark's Aim Commitment 400 local 48% manufacturing Government jobs ROCKWOOL aims to reduce absolute carbon emissions and improve carbon intensity (tCO2 Investment in DK production per produced47% unit) by in last decade of more than Media 100 EURm. Have kept before 2030 production in DK; 400 local, 70% manufacturing-related jobs at our two factories

This will contribute to a Reducing the heating ..is equivalent to reducing cheaper and faster green demand of Danish transition saving the Danish buildings by… economy, 1% annually by x3 the annual 2030 power capacity of Horns Rev 3 (1.7 TWh/year) – the 800 EURm Ea Energianalyse, 2018 largest DK offshore windfarm by 2030 Ea Energianalyse, 2019

Mirella© ROCKWOOL Vitale - June Group 2019 ESG © ROCKWOOLpresentation March International 2020 A/S 10 Accelerating our current ambitions

Support the EU ambition of Reviewing our current CO2 goals carbon neutrality in 2050 with an eye on further accelerating them

. Recently joined Corporate Leaders Group Europe (CLG Europe) . Continuously reducing own carbon emissions through a combination of increased energy efficiency and using less carbon-intensive fuels . Significantly intensifying R&D developing new low carbon technologies . Investing heavily in local markets maintaining local production and local jobs . Decarbonisation pace in the different geographies varies based on the local conditions, such as low-carbon energy supplies in Norway and Denmark

1. 2. 3. 4. 5. Higher levels More Longer life Climate Renovation of recycled ambitious expectancy of neutrality wave initiative By 2050 content recycling rates build assets with particular focus on insulation materials

ROCKWOOL products ROCKWOOL products are ROCKWOOL products Over its lifetime the ROCKWOOL insulation can have up to inherently recyclable with retain their performance building insulation we alone can reduce increased reclaimed properties for min sold in 2019 will save heating energy needs by up to 75% waste volumes in 2019 of of recycled content 55 the x100carbon emitted in its 23% years production 70%

& Copenhagen Economics, 2019

Economic Growth Introducing a new SDG metric on Jobs & Growth impact

Consistent focus on safety

8.2

4.5 4.2 3.7 3.5 3.5 3.1 3.2 3.1 2.9 ~2.7

2010 11 12 13 14 15 16 17 18 19 2020

Deep renovation of our office in Gladbeck designed to improve energy efficiency by 80%

Our products can contain up to 75% recycled material

Mirella Vitale Senior Vice President Marketing, Communication & Public Affairs ROCKWOOL Group

Anthony Abbotts Director Group Sustainability ROCKWOOL Group

Please Contact: [email protected]