Investor Presentaiton

There is a legislative push and market pull towards a circular economy Overview of legislation for packaging waste at global-level Ellen MacArthur Foundation Global Commitment TOTAL WEIGHT of plastic packaging in metric tonnes in 2020 RECYCLED CONTENT % of post-consumer recycled content weight in plastic packaging Legislative overiew: Packaging waste legislation in place, high performance Packaging waste legislation planned (within 3 years) Packaging waste legislation in place, performance issues Packaging waste legislation not in place/not sufficiently enforced. Extended Producer Responsibility policy is a key element, complemented by quotas, taxes, bans, and mandatory recycled content targets. https://www.rolandberger.com/en/Insights/Publications/Packaging-sustainability-2030.html Roland Berger 30% Nestlé 1,267k 2% 4% +2 Food 25% PepsiCo Beverages 2,350k 3% 5% 25% Unilever 690k 1% +10 Household and personal care 11% 25% The Coca-Cola Company" 2,961k 9% +2.5 Beverages 11.5% 30% Mars, Incorporated Food 179k 2% 0% =0 L'Oréal Cosmetics 50% 138k 4.7% +11.1 15.8% Several strong commitments have been made; however, brands are still far away from reaching them. https://ellenmacarthurfoundation.org/global-commitment/overview 32

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