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Carbon reduction targets growing across market segments Hydro Estimated demand based on currently stated ambitions Europe and North America low-carbon ¹) and recycled aluminium demand by sector (million tonnes) - estimate GAGR ('22-'30) Share of low-carbon¹) and recycled 18 ~6% 50-60% Vestas. Other -3% 35-45% lightsource bp Scope 3 reduction targets CO2e neutral value chain 45% per MWh generated 52% per MW constructed Examples of front runners with ambitious 2030 targets Specific aluminium commitments 10% of primary at <3 t/t Consumer dur. ~5% 70-80% Electrical -9% 30-40% PEPSICO 10% of primary at <3 t/t Ball Packaging ~3% 60-70% 11 and foil stock VELUX 10% of primary at <3 t/t Max. 2.0 kg carbon emitted / kg 2022 Construction -6% 60-70% VINCI BOUYGUES CONSTRUCTION の 50% for absolute emissions 30% for absolute emissions 20% for absolute emissions CO2e neutral balance sheet PORSCHE Mercedes-Benz CO2e neutral (2039) Transport -10% 40-50% VOLVO 25% per vehicle (2025) 10% of primary at <3 t/t 22% per vehicle 2030 RENAULT 30% per vehicle 1) <4 tons of CO2e emissions per ton of primary aluminium produced, including full value chain emissions 30

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