Management Principles

THUKA Nordwood AS operates according to the principles of responsible, sustainable and systematic  management. These management principles guide our decisions and activities, supporting high-quality  manufacturing, a safe working environment, environmentally responsible operations, ethical business  practices and the sustainable development of the company.

1. Compliance and Systematic Management 

• The company’s management is responsible for establishing and implementing these management  principles, setting objectives and regularly reviewing results.
• We comply with applicable legislation, contractual obligations and relevant international standards. • We base our decisions on relevant data and performance indicators.
• We set measurable objectives and monitor their achievement.
• We regularly evaluate the effectiveness of our activities and manage risks systematically and  proactively.
• We continually improve our integrated management system.
• When making investment decisions, we assess their impact on occupational safety, quality, the  environment and performance.

2. Quality and Product Responsibility 

• We provide our customers with the agreed quantity, quality and delivery time, and we value  customer satisfaction.
• We develop and manage production processes to ensure consistent quality and compliance with  requirements.
• We ensure that employees are competent and aware of quality requirements and key performance  indicators.
• We develop products based on the principles of durability and repairability.

3. Employees and Occupational Safety 

• We provide employees and business partners with a safe working environment that supports health  and well-being.
• We identify work-related hazards, assess risks and implement preventive and improvement  measures to avoid workplace accidents, occupational diseases and incidents.
• We involve employees in identifying risks and improving the working environment. • We develop employee competence and ensure preparedness for emergency situations. • We value employee feedback on matters concerning their health, safety and working conditions.

4. Environment and Resource Efficiency 

• We assess and manage the environmental aspects associated with our activities throughout the  product life cycle.
• We continually improve our environmental performance, taking climate impacts into account.  • We prevent, avoid and reduce adverse environmental impacts by implementing measures from the  early stages of planning and product development.
• We support a long service life for our products and reduce their environmental impact throughout  the life cycle.
• We use materials and energy responsibly and efficiently, and support waste prevention and circular  use.
• We plan, use and renew production assets throughout their life cycle in a safe, environmentally  responsible and effective manner, taking stakeholder expectations into account.

Prepared by: Management

Approved by: Member of the Management Board

Responsible: Management 1/1

Thuka Nordwood AS MANAGEMENT PRINCIPLES D MGMT-2-4 /  05.03.2026

5. Responsible Supply Chain 

• We maintain a transparent and responsible supply chain by setting clear requirements for our  business partners.
• We assess and manage supplier-related quality, environmental and compliance risks. • We fulfil applicable certification and due diligence obligations.

6. Ethics and Human Rights 

• We respect and uphold internationally recognised human rights throughout our operations and  supply chain.
• In human rights matters, we follow the company’s Human Rights Policy (D MGMT-14).D MGMT-14• We do not tolerate child labour, forced labour or compulsory labour.
• We ensure a non-discriminatory and respectful working environment.
• We recognise employees’ rights to freedom of association and collective bargaining. • In our daily activities, we act in accordance with the company’s values.

Prepared by: Management

Approved by: Member of the Management Board

Responsible: Management 0/1