Sustainability Policy

1. Objectives

2. Responsibilities

3. Scope

4. Guiding Principles

5. Policy Areas

5.1 Climate Change

5.2 Environmental Stewardship

5.3 Workplace Safety

5.4 Labor And human Rights

5.5 Business Ethics & Governance

6. Review Process

Appendix A – Related Policies

1. Objectives

The objective of this Sustainability Policy is to outline our commitment to integrate social, environmental and ethical considerations into our day-to-day business operations, as well as managing our impacts on society and the environment. We do so by adhering to internationally recognized guiding principles and by developing goals, strategies, and procedures.

2. Responsibilities

The company’s Board of Directors (“the Board”) and Executive Management Team (EXM) hold ultimate responsibility for governing and overseeing compliance with this Sustainability Policy. They ensure that adequate resources are allocated to support its effective administration.

The Board has delegated authority to oversee the administration of this policy to the Director covering sustainability. This role includes:

  • Ensuring the policy is regularly reviewed and updated,
  • Confirming that it remains aligned with industry standards, regulatory requirements, and the company’s strategic direction, and
  • Overseeing the overall governance framework for sustainability.

 

Regional COOs and Global Function Heads are responsible for implementing the policy within their areas of responsibility. This includes:

  • Ensuring that employees within their teams are aware of, understand, and comply with the sustainability policies and procedures,
  • Embedding the principles of the policy into everyday operations, and
  • Monitoring adherence and escalating any issues or risks.

 

3. Scope

This policy is applicable to all individuals working for, or on behalf of, TP Aerospace irrespective of their employment level or contractual specifications.

4. Guiding Principles

To meet our objectives, we have adopted the following principles:

  • We anchor sustainability at the highest level within our organization.
  • We ensure transparency and compliance with relevant national and international regulations across all our policy areas.
  • We conduct regular materiality assessments to identify which policy areas are material for TP Aerospace.
  • We honor our commitment to the UN Global Compact.
  • Proactively assess, monitor and manage environmental, social and governance risks and opportunities that are material to our business.

We set sustainability targets and communicate transparently with relevant stakeholders

5. Policy Areas

5.1 Climate change

We are committed to:

  • Reducing the emissions resulting from our operations in line with our business objectives.
  • Setting science-based climate targets and honoring our commitment to the Science-Based Target Initiative.
  • Ensuring resilience in our operations by continually improving energy efficiency.
  • We ensure that climate considerations are consistently evaluated in our growth plans, and transparently balanced with commercial and operational realities.

5.2 Environmental Stewardship

We are committed to:

  • Reducing the environmental impacts of wheel and brake operations, amongst others, by optimizing the use of wheels and brakes across commercial activities, extending product lifetime and reducing end-of-life waste.
  • Promoting resource efficiency by prioritizing waste generation prevention and responsible recycling methods.
  • Monitoring and managing waste streams and wastewater discharges in accordance with industry standards and national regulation.
  • Minimizing the use of hazardous substances and ensuring that such substances are managed in accordance with industry standards.

5.3 Workplace Safety

We are committed to:

  • Striving for an injury-free work environment across our global operations and always monitoring and mitigating any incidents that do occur in an open and transparent manner.
  • Providing employees with adequate training, protective equipment and information to ensure that a strong safety culture can be achieved.
  • Conducting regular safety assessments of our facilities and taking action to mitigate any risk.
  • Fostering a safe and healthy working environment for all, where anyone can feel comfortable raising any concerns at any time.

5.4 Labor And Human Rights

We are committed to:

  • Respecting all internationally recognized human rights as outlined in the International Bill of Human Rights (IBHR) and the UN Guiding Principles of Business and Human Rights (UNGP).
  • Complying with a zero-tolerance policy relating to slavery, forced labor, child labor or human trafficking in any form, anywhere in our value chain.
  • Fostering an environment that embraces diversity and provides equal employment opportunities for all, across our global operations.
  • Maintaining a work environment free of discrimination, harassment, and bullying.

5.5 Business Ethics & Governance

We are committed to:

  • Complying with the highest standards of integrity and responsibility and acting in strict compliance with national and international legislation and standards.
  • Enforcing zero-tolerance towards corruption or bribery in any form.
  • Providing relevant employees with adequate training to avoid involvement in any illegal or unethical business conduct anywhere in the world.
  • Setting clear expectations for our suppliers and business partners on ethical, environmental and socially responsible business practices.

6. Review Process

To ensure that our sustainability policy stays accurate, compliant, and relevant, we conduct periodic reviews on an annual basis. Additionally, ad hoc reviews are conducted in the event of changes in operations, regulations, and new potential risks identified through materiality assessments.

6. Appendix A – Related Policies

Below are related policies that outline how TP Aerospace works with specific topics relating to sustainability. Some of these policies are internal documents (*) not available to the public.

Approved by the Board of Directors May 2026.

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