Disclosures in accordance with the EU Taxonomy Regulation

The EU Taxonomy Regulation constitutes a classification system based on common definitions for identifying and comparing environmentally sustainable economic activities. The EU Taxonomy was adopted as part of the European Green Deal and the objective of achieving climate neutrality by 2050.

The EU taxonomy regulation sets out which economic activities fall within the scope of the Taxonomy and lays down the conditions for an economic activity to be classified as environmentally sustainable. In order to be classified as environmentally sustainable and taxonomy‑aligned, a given economic activity must:

• make a substantial contribution to one or more of the six environmental objectives,
• do no significant harm to any of the other environmental objectives,
• meet certain minimum safeguards in the area of social sustainability, and
• comply with the technical screening criteria.

AddLife has assessed whether the Group’s economic activities are taxonomy‑eligible and taxonomy‑aligned in accordance with the EU Taxonomy Regulation (EU 2020/852) and the related delegated acts. The Group’s main activities relating to the distribution of products within Life Science are not taxonomy‑eligible under the current EU Taxonomy framework. In 2025, a review of all of the Group’s activities was carried out and it was concluded that only a limited part of AddLife’s total activities is taxonomy‑eligible. Six applicable categories of economic activities related to the environmental objectives “Climate change mitigation” and “Transition to a circular economy” were identified and are described in more detail below.

After the end of the financial year, a new delegated act (EU 2026/73) was adopted, which may be applied retroactively when reporting for the 2025 financial year. The updated delegated act has introduced a general materiality threshold, which entails the option to exclude the identified economic activities from the assessment of taxonomy‑eligibility and taxonomy‑alignment, on condition that these activities in aggregate account for less than 10 percent of turnover, capital expenditure (capex) or operating expenditure (opex).

In connection with the review of the Group’s activities, AddLife has also assessed the materiality of the activities for each key performance indicator (KPI). During the reporting period, the identified taxonomy‑eligible activities together accounted for less than 10 percent of the Group’s turnover and operating expenditure (opex), and have therefore been assessed as not material in accordance with the general materiality threshold in the updated reporting rules. Capital expenditures (capex) related to the identified taxonomy‑eligible activities under the environmental objective “Climate change mitigation” amounted to 24.7 percent of total capital expenditures during the reporting period and have therefore been assessed as material.

Climate change mitigation

The two economic activities below have been assessed in terms of turnover, capital expenditure and operating expenditure. The activities have been assessed as material for the KPI relating to capital expenditure.

• Transport by motorbikes, passenger cars and light commercial vehicles (CCM 6.5) - The parent company and the subsidiaries in the Group use leased cars in their operations, and the capital expenditure for these vehicles is taxonomy‑eligible.

• Acquisition and ownership of buildings (CCM 7.7) - Subsidiaries in the Group lease premises, own buildings and land and carry out certain investments in properties belonging to third party. These are recognised as right‑of‑use assets and property, plant and equipment and are taxonomy‑eligible.

Transition to a circular economy

• Repair, refurbishment and remanufacturing (CE 5.1) - Subsidiaries in the Group provide repair and refurbishment as part of their service offering, where primarily turnover but also capital expenditure and operating expenditure are taxonomy‑eligible.

• Sale of spare parts (CE 5.2) - Subsidiaries in the Group sell spare parts as part of their service offering, where primarily turnover but also capital expenditure and operating expenditure are taxonomy‑eligible.

• Preparation for re-use of end-of-life products and product components (CE 5.3) - Subsidiaries in the Group carry out preparation for re‑use of end‑of‑life products and product components as part of their service offering, where primarily turnover but also capital expenditure and operating expenditure are taxonomy‑eligible.

• Product-as-a-service and other circular use- and result-oriented service models (CE 5.5) - Subsidiaries in the Group offer product‑as‑a‑service solutions as part of their business offering, where primarily turnover but also capital expenditure and operating expenditure are taxonomy‑eligible. 

As the taxonomy‑eligible activities identified in relation to the environmental objective “Transition to a circular economy” have been assessed as not material in terms of taxonomy‑eligibility, no full assessment against the technical screening criteria and the do no significant harm (DNSH) requirements has been carried out during the reporting period. With regard to the material taxonomy‑eligible activities related to the environmental objective “Climate change mitigation”, the DNSH requirements were not fulfilled during the reporting period. Consequently, no economic activities have been classified as taxonomy‑aligned for the 2025 financial year.

In accordance with the Taxonomy Regulation, non‑financial undertakings report the share of their activities that is environmentally sustainable through three financial KPIs. These three indicators are turnover, capital expenditure (capex) and operating expenditure (opex). AddLife has applied the definitions in the Regulation and used the indicators as described below. When assessing taxonomy‑eligibility, particularly for the environmental objective “Transition to a circular economy”, the calculations have been based on assumptions due to the limited level of detail in the existing data. Due to limitations in breaking down the activities to a sufficient level of detail, AddLife has assumed a broader range of services and products than those explicitly covered by the EU Taxonomy, which means that the reported taxonomy‑eligible turnover may be slightly overstated and should be regarded as indicative. AddLife intends to further develop data quality and methodology over time.