IBC SOLAR AG - Sustainability Report

Pioneering

SUNstainability

Sustainability Report 2023

www.ibc-solar.de

Foreword

IBC SOLAR in Profile

Sustainability at IBC SOLAR

Sustainability Statement

ESRS Index

Contents

Foreword03

IBC SOLAR in Profile 04

Sustainability at IBC SOLAR 05

SUNstainability in action:

our path to a sustainable future 06

Efficiency meets environmental awareness 09

Our strategies for a green solar system 12

Supply chain transparency and sustainability 15

Our contribution to a sustainable

energy supply by 2045 18

Sustainability Statement 21

General disclosures 22

Climate change 39

Pollution48

Biodiversity and ecosystems 52

Resources and circular economy 56

Own workforce 63

Workers in the value chain 70

Consumers and end users 82

Corporate policies 86

ESRS Index 90

Legal Information 105


Page 2

Foreword IBC SOLAR in Profile Sustainability at IBC SOLAR Sustainability Statement ESRS Index

Foreword

Photovoltaics is the easiest form of sustainable energy

generation to implement and is expanding rapidly.

Even a very large solar park can be realised within a

mere few months, while a gas or nuclear power plant

requires many years of planning and design of plants.

Germany was one of the pioneers in the use of solar

energy at the turn of the millennium, and IBC SOLAR

AG was involved from the very beginning.

With our first Sustainability Report, we want to provide

a transparent and comprehensive overview of our sustainable

business in 2023. We have chosen to prepare

it based on the European Sustainability Reporting

Standards (ESRS), although we are not yet obliged to do

so. We also want to show that we are not only a company

that enables sustainable energy production with its

products, but that we are placing an increasing focus

on our sustainability management. This is also evident

from the fact that we want to tackle the fields of action

with the greatest challenges first: This mainly concerns

the key notions of climate change, pollution, circular

economy and workers in the value chain.

Our Sustainability Report 2023 and the figures and facts

contained therein relate exclusively to IBC SOLAR AG

and its locations in Germany.

Our goals and measures are based on the → double

materiality analysis that we performed between the

third quarter of 2023 and the first quarter of 2024.

The scope of data collection for the report is part of

the ESRS reporting and can be found in the data

section. The figures may show slight deviations in totals

and percentages because they have been rounded

commercially. This report has not been audited.

We publish this Sustainability Report together with a

magazine as a PDF document. We see the magazine

as a useful addition to ESRS reporting. Why? Because

it allows us to give a deeper insight into our work, our

motivation, important backgrounds and our paths and

goals. The articles and interviews naturally reflect the

facts from the reports, but they make them more

comprehensive.

Have sun!

Dr Dirk Haft

Chairman of the Management Board of IBC SOLAR AG

Dr Dirk Haft, Lars Degendorfer, Stefan Horstmann, Patrik Danz (from left)

Management Board IBC SOLAR AG, 2023

Sustainability Report 2023 Page 3


IBC SOLAR at a glance

Corporate

headquarters

in Bad Staffelstein

Founded

1982

425

employees in Germany 2023

7.5GW

installed capacity worldwide

€624 million

€349 million

2021 2022

Sales development

€752 million

2023

represented in more than

30

countries worldwide

more than

2 thousand

purchasing premium partners




Sustainability at

IBC SOLAR



SUNsustainability in

action: our roadmap for

a sustainable future

2023 was a significant year in IBC SOLAR’s corporate history.

Founder and then CEO Udo Möhrstedt joined the Supervisory Board,

and Dr Dirk Haft has been the new Chairman of the Management

Board since 1 January 2024. Dr Haft has been closely associated with

the company for many years as Co-CEO and member of the Supervisory

Board. In addition, decisive steps were taken for more sustainability

in 2023, as Dr Dirk Haft points out in an interview.

Dr Haft, is a company like IBC SOLAR, which is

one of the pioneers of solar energy in Germany,

automatically a sustainably operating company?

This is what our founder Udo Möhrstedt, who always

wanted and wants to make the energetic world better

in a real and honest way. instilled in our corporate

DNA since the beginning. Even as a very young man,

he realised that if we continued in our set ways of the

20th century, humanity would not be on a good track.

Hence, we see it as our mission to make the world a

little better. At the same time, we also know that we are

not done yet – regardless of the legal framework, which

also requires us to take greater action.

What scope for action do you see when you consider

that IBC SOLAR is a trading company that is

also involved in the project business but does not

produce itself?

It’s true. We are a wholesaler and our customers

largely base their decisions on prices. Nevertheless, we

naturally want to live up to our own standards and must

manage our procurement accordingly.

Dr Dirk Haft

Chairman of the Management Board IBC SOLAR AG



However, we also know that we

have not yet completed all of our

own homework – regardless of

the legal framework, which also

requires us to take greater action.

You are already reporting according to ESRS, a

standard that is very challenging and not yet

mandatory for IBC SOLAR in 2023. Why did you

choose this rather complex and laborious path?

Yes, creating a Sustainability Report according to ESRS

takes a lot of effort. But I am convinced that it is always

better to be one step ahead of developments and lead

by example as far as requirements imposed are concerned

instead of dragging our feet. We are convinced

that 'frontloading' is the best way forward, especially in

the area of Sustainability Reporting and sustainability

management. It allows us to integrate the necessary

data collection processes early on and ensures that

they quickly become part of our work routines. The

data collected also helps us to set up our sustainability

management. In particular in the field of climate-friendly

vehicle fleets and more energy-efficient buildings, to

name but two relevant, practical examples.

ESRS E1 objectives

Climate change

• Implement climate management by 2025

• Record Scope 3 emissions from 2025

• Identify reduction potentials for Scopes

1, 2 and 3

• CO2 neutrality of the headquarters in Bad

Staffelstein by 2030 (incl. compensations)

• Increase the long-term coverage of electricity

demand from renewable energies to 100%

• Reduce energy consumption by 10% by

2026

ESRS E5 objectives

Circular economy

ESRS E2 objectives

Pollution

• Expand systematic environmental

management of the upstream and downstream

value chain by 2025

• Check potential for reducing transportrelated

air pollution by 2025

• Reduce emissions

(see ESRS E1, Climate change)

• Have updated CoC signed by all suppliers

by 2025

ESRS S2 objectives

Workers in the value chain

Dr Dirk Haft

Chairman of the Management Board

IBC SOLAR AG

On the topic of data: Have you also performed a

double materiality analysis?

Yes, the double materiality analysis has clarified a lot

and made a significant contribution to identifying our

fields of action and steering our sustainability strategy.

• Develop management approach incl. policy

to increase resource efficiency for inflows,

use and outflows of resources by the end

of 2025

• Check second-life application possibilities

(for storage)

• Increase the performance of PV modules in

the residential sector

• Start reinforcing risk-based supply

chain management for social compliance

in the year 2024

• Introduce mandatory SA8000 certification

for all module suppliers from 2025

• Create an overview and data availability

at the internal project companies and

subsidiaries from 2025

• Extend supply chain mapping to the entire

supply chain by 2026



Here, too, you did not take the easy way out and

selected the fields in which there is the greatest

need for action according to the double materiality

analysis and which thus form the core of your sustainability

strategy.

The biggest challenges are indeed at the top of our

agenda, and these are the fields of action regarding climate

change, pollution, circular economy and workers

in the value chain. Here we want to set goals for ourselves

and develop measures. I would like to mention

an example from the environment as a field of action:

We aim to expand our systematic environmental management

of the upstream and downstream value chain

by 2025. To this end, we want to carry out ESG audits

for all PV suppliers by 2025. Other workforce-related

goals include introducing mandatory SA8000 certification

for all module suppliers and extending our supply

chain mapping to the entire supply chain by 2026.

How do you view the circular economy? The issue of

recycling photovoltaic modules and energy storage

systems is one that is also being discussed by the

public at large.

Here, we focus primarily on three targets, which are

supported by corresponding measures. First, by the

end of 2025, we will develop a management approach

that also includes a policy to increase resource efficiency

in inflows, use and outflows of resources. To this

end, we will examine potential second-life applications

for energy storage systems and increase the durability

of modules in the residential sector.

What trajectories does IBC SOLAR want to follow in

the fight against climate change?

In the long term, we want to cover 100% of our electricity

needs from green sources, and we strive to make

our headquarters in Bad Staffelstein CO2 neutral by the

year 2030. As a first step, we want to reduce our energy

consumption by 10% by 2026. To this end, we also want

to record our Scope 3 emissions from 2025. Last but

not least, product carbon footprints, for example, are

also on our agenda. But honestly, we have to admit

two things today: So far, we have not been able to set a

target achievement date for all measures and, despite

all efforts, our own leverage remains comparatively low

because we are not a manufacturing company, but a

wholesaler. However, I am sure that our targets and

possible measures will continue to develop dynamically

in the coming years. That is why we are laying a solid

foundation with our first Sustainability Report.

One last question: The report is entitled 'Pioneering

SUNstainability'. How do you interpret this claim?

On the one hand, it highlights our active and leading

role in the industry and, at the same time, illustrates

our commitment to environmental protection with

the tagline “SUNstainability” formed from “SUN” and

“Sustainability”. It also stands for our vision of making

energy, self-sufficiency and zero emissions accessible

for everyone using the infinite energy of the sun.

Innovative products and services form the basis of

IBC SOLAR AG’s tailor-made solar solutions


Page 8


Efficiency meets

environmental awareness

As a member of the Management Board at IBC SOLAR, Stefan Horstmann

is responsible for supply chain management, processes and organisation

as well as digital services and IT. In the interview, he answers questions

about environmental protection at the company and in the value chain.

Mr Horstmann, environmental protection and

IBC SOLAR – where is the company, and what is the

path ahead?

Stefan Horstmann

Member of the Management Board IBC SOLAR AG

Let me briefly describe our position in the value chain.

We see ourselves as a 'wholesaler plus' or as a system

house. Because we don't produce ourselves, but we

offer much more than a pure wholesaler would. For

this purpose, we put together the individual components

– i.e. the modules, the mounting systems, the

inverters and the storage units – into photovoltaic systems.

Next to many services, we also offer know-how

and knowledge on the subject of photovoltaics. An

exception are the mounting systems for the modules,

which we design ourselves and intentionally manufacture

from metal instead of plastic, because they are of

better quality and recyclable. We have been working

with workshops for people with disabilities for years

to build these systems. They are located close to our

site in Bad Staffelstein, where we employ around 300



people. Among other things, the aluminium required

for this comes from the Allgäu region. It goes without

saying that we comply with the applicable legislation

in all areas, such as the EU chemicals regulations

“REACH” or “POP” (POP = persistent organic pollutants).

We also voluntarily implement the requirements of the

German Supply Chain Due Diligence Act (LIeferkettensorgfaltspflichtengesetz,

LkSG), although we are not

obliged to do so.

Where do you purchase the photovoltaic modules?

In the field of modules, we mainly work with manufacturers

from Asia, because the major and well-known

producers are based here. However, we expect that

there may be some change in this regard the coming

years, because there are efforts to build a European

solar industry.

What timeline do you anticipate in this regard?

This will take time and, accordingly, I would expect

a period of five to six years for the modules until we

see the emergence of an industry of significance. For

inverters, we work already now with the two largest

manufacturers in Europe. An important consideration is

battery production, which today takes place almost exclusively

in Asia. But here we can assume that there will

be new technologies that are already being developed.

On the other hand, there will also be significant production

in Europe in the future. The decision to build a

plant for Northvolt in Heide has just been made.

Individual components are already being designed

and produced in a more environmentally friendly

way today. How do you assess the situation in this

regard?

That’s right, but here, as is often the case: It is up to the

customers whether these components will be used as

they are more expensive. We offer capital assets, and

unlike with cars, image, emotions and brand loyalty play

no or only a minor role. Things are bound to happen in

this regard as well, but this will also take time.

When new products are developed at IBC SOLAR,

how do you proceed in regard to environmental

protection?

Things have changed considerably. In the past, it was

mainly about making the products as cheap as possible

to be able to sell them at all. Today, we are still looking

for the highest possible efficiency, but it’s no longer

just about price. It’s about increased efficiency meaning

that we can reduce the impact on the environment.

Another new feature is the central question: Where

does a component come from?

It goes without saying that we comply with the

applicable legislation in all areas, such as the

EU chemicals regulation “REACH” or “POP”.

We also voluntarily implement the requirements

of the German Supply Chain Due Diligence Act

(Lieferkettensorgfaltspflichtengesetz, LkSG),

although we are not obliged to do so.

Stefan Horstmann

Member of the Management Board

IBC SOLAR AG



To this end, we are asking our partners more questions

about their production and the energy and materials

used. And a third key consideration, an essential point,

is the question of packaging: How is it designed and

what materials are used?

And finally, we also put a lot of effort into implementing

large solar plants in locations where they cause the

least disruption. An example illustrating this consideration

is our own test facility, which is located on a

former landfill site. Other areas, such as troop training

grounds, are also suitable locations for such use.

How do you keep a check on IBC SOLAR’s suppliers

in practice?

We rely on monitoring systems and audits that are

carried out regularly and are therefore taking a very

close look. In doing so, we have learnt that a lot has

also been implemented in Asia and that our requirements

are being met.

We rely on monitoring systems and audits when

auditing our suppliers

Planned measures

• Expanding the verification for compliance

with REACH and the POP Regulation as well

as for the examination of the environmental

risks of the German Supply Chain Due

Diligence Act to all suppliers by 2025

• Conduct of ESG audits for all PV suppliers by

2025

• Optimisation of the monitoring system for

recording waste categories and defining

targets

• Implementation of a monitoring system

for the regular evaluation of supplier requirements

• Querying environmental risks at suppliers

by expanding supplier self-disclosure

• Exploring alternative transport options along

the purchasing and sales logistics chains to

reduce air pollution

• Carrying out a feasibility study and economic

analysis for purchasing PV modules with

higher recycling rates



Our strategies for

an environmentally

friendly solar system

Photovoltaic systems basically consist of three main electrical components:

the solar module, the inverter and the energy storage system. And

then there is the mounting system on the roof. Many of the system components

are recyclable. However, because solar systems are very durable,

we are only now seeing an increase in the corresponding recycling

volumes. Nevertheless, there are corresponding regulations. IBC SOLAR

is already now tracking the development of the technologies that will be

important tomorrow.



Although the current return rates are still relatively low,

there are regulations for their return. While commercial

companies contact certified recycling companies

directly, private individuals can hand in their solar

modules free of charge at public recycling centres.

IBC SOLAR is part of these take-back systems. “The

existing legal recycling system covers the recycling

volumes generated today. Given an increasing return

volume in the future, new recycling technologies will

also be ready for deployment at a later stage,” explains

Sebastian Geier, who works as Senior Vice President

Product and Innovation Management at IBC SOLAR.

The rather low number of solar modules available today

for recycling is linked to their long service life: The

systems produce electricity for around 30 years and

usually do not stop production afterwards; they only

become less productive.

Overview of service life

Solar modules: Mounting systems:

30 years

30 years

More information?

Inverters:

10-20 years

Energy storage systems:

10-20 years

Sebastian Geier

Senior Vice President Product and Innovation Management

IBC SOLAR AG

Concerning the individual components, copper and

aluminium in particular are easy to recycle. Although

solar glass cannot be recycled back into high-purity

solar glass, it can be reused as a resource. In this way,

a large portion of the raw materials in the modules can

be reused. The mounting systems sector is also doing

very well in regard to recycling. The materials used are

mostly aluminium, stainless steel or galvanised steel,

which can be melted down accordingly after use.

Another important part of photovoltaic systems are

inverters. Their life expectancy is 10 to 20 years. These

are electronic components. Like all electrical devices,

they are also subject to the European-wide WEEE

directive – the abbreviation for Waste of Electrical and

Electronic Equipment. In practice, this means that our

company, which places corresponding products on the

market in Europe, is already involved in recycling and

recovery today.

Energy storage systems are another component of the

photovoltaic system, according to Sebastian Geier:

“Today, around 90% of the systems built in detached,

single-family houses are equipped with battery storage

systems. Companies are following this example and are

also increasingly using storage units.” In addition, large

storage blocks are created in the open space plants as

part of energy trading. These business models are currently

growing. The storage units used have a service

life of between 10 and 20 years.



Their disposal is also regulated by law, and the recycling

rate is constantly increasing. Another interesting

aspect is the use of second-hand electric car batteries.

In the context of 're-use' or 'second life', former car

batteries are being used as stationary energy storage

systems in both the private and commercial sectors.

As the requirements for energy storage systems are

significantly more demanding in the field of e-mobility,

these batteries have a high service life to match and

can often be used elsewhere for years to come.

Sebastian Geier is convinced that there is still a lot

of scope for development as far as the recycling of

storage units is concerned. ”If you talk to the recycling

companies, it becomes clear that there is still a dearth

of the large quantities required to be able to work

economically. Nevertheless, a lot is already happening

in this area today – through start-ups and also through

research institutions. I expect that it will be possible to

recover significantly more raw materials in the foreseeable

future than is the case today.” Not only does he

place great hopes on new ways of recycling, but also

on higher efficiencies and innovative technologies for

storage. Current solar modules generate much higher

capacity than they did 20 years ago – which also allows

us to save a lot of raw materials today. Concerning

storage technologies, IBC SOLAR is also keeping a

close eye on which new technologies create advantages

for environmental, climate and resource protection.

Sodium-ion technology could potentially supplement

or replace lithium-ion storage systems in the future.

I expect that it will be possible

to recover significantly more raw

materials in the foreseeable future

than is the case today.

However, a long service life is always better than new

products and recycling opportunities. Service life can

be extended even with today’s already very durable

photovoltaic systems through good maintenance – this

is true for private and commercial systems alike.

Sebastian Geier

Senior Vice President

Product and Innovation Management

IBC SOLAR AG

Solar modules generate electricity for more than

Although the highly pure solar glass cannot be recycled for

photovoltaic systems, it can be used for other purposes

30 years


Page 14


Supply chain transparency

and sustainability

Daniela Feiler is responsible for supply chain transparency at IBC SOLAR

as Supply Chain Transparency Officer, while Stefan Horstmann is a member

of the company’s Management Board. Both are also responsible for

sustainability in the supply chain at IBC SOLAR. The German Supply Chain

Due Diligence Act is particularly noteworthy in this regard.



Daniela Feiler: We have already decided today to

voluntarily implement the Supply Chain Due Diligence

Act (LkSG). We therefore make sure that our suppliers

comply with all existing laws and limit values. REACH,

the European Chemicals Regulation for the Registration,

Evaluation, Authorisation and Restriction of

Chemicals, is one example, while the EU regulation on

persistent organic pollutants is another. Bear in mind

that creating a fully transparent supply chain is very

complex. After all, associations have been fighting for

this for years.

I myself have been going to China

for many years now, and I am still

amazed at how rapidly the country

evolves and how quickly projects

can be implemented.

Daniela Feiler: In line with our philosophy, we have

already taken one step ahead some time ago, as we already

required our suppliers to provide a social responsibility

statement even before the German Supply Chain

Due Diligence Act (LkSG) came to be adopted. Today,

we rely on important regulations and values, which are

set out in our → Code of Conduct or in our → Corporate

Policy document, for example.

In the beginning, our suppliers struggled to provide

the relevant information – also out of fear of disclosing

trade and business secrets. Now, however, we sometimes

receive very extensive information, even including

documents from the respective management systems.

They provide answers to simple, straightforward,

yet very important questions, such as 'What happens

in the event of an accident at your company?', 'How

do you verify the minimum age of your employees?' or

'How exactly do you handle waste?'

Stefan Horstmann: In the coming years, our work in

this area may become easier, as there are trends that

the production of important components may be

relocated back to Europe. This is true for photovoltaic

modules as well as for energy storage systems, as the

ground-breaking ceremony for a new gigabattery factory

in Heide in Schleswig-Holstein demonstrates. For

example, our IBC mounting systems for the modules

are manufactured in workshops for people with disabilities

in the region.

Daniela Feiler: This will lead to even more transparency

in the future. However, we can already see today that

our suppliers are increasingly disclosing information

about their organisation and production on site and

complying with our requirements.

Stefan Horstmann

Member of the Management Board IBC SOLAR

Stefan Horstmann: I myself have been going to China

for many years now, and I am still amazed at how rapidly

the country evolves and how quickly projects can be

implemented. I visited an inverter manufacturer a few

days ago. Some areas show a remarkable level of forward

thinking and planning. By comparison, we are often

not quite as advanced in regard to the raw materials

required for our products. However, I am confident that

we will achieve real improvements in this respect, also

through our involvement in the activities of European

associations and in regard to future legislation. Social

sensitivity to these issues has now reached a critical

level and has set a number of things in motion.

IBC SOLAR AG has been an official partner of the sun for more than 40

years – and a partner of many specialist companies and tradespeople



In line with our philosophy, we have

already taken one step ahead some

time ago, as we already required

our suppliers to provide a social

responsibility statement even

before the German Supply Chain

Due Diligence Act (LkSG) came

to be adopted.

Daniela Feller

Supply Chain Transparency Officer

IBC SOLAR AG

The audits, which we have carried out, as well as our

regular on-site visits, also contribute to the greatest

possible transparency.

Stefan Horstmann: In this regard we can confirm that

the requirements posed by the European markets have

increased enormously. Therefore, our partners put a lot

of effort into showing what improvements have already

been made, with the result that there are companies

in China that are already some way ahead of us here

in Germany as far as their Sustainability Reporting is

concerned. There is another reason for optimism: Large

companies in Asia are working increasingly on an integrated

level, linking all steps from the extraction of raw

silicon to the finished module, which they can then also

easily document in a transparent fashion.

Daniela Feiler: However, evaluating our partners can

only be part of our work. We also need to be honest

about what we want to achieve and on what basis. I am

therefore pleased that we have set ourselves goals and

have already voluntarily developed our own measures

in the past. As part of this process, we have developed

our own declaration of principles, in which we elaborate

our human rights strategy and which we also make

available to our suppliers. We also have a → Supplier

Code, which describes once again what we expect

from our suppliers. In addition, this Code obliges our

suppliers to pass our standards regarding human rights

and environmental protection on within their supply

chain.

Stefan Horstmann: So, we’re off on a good start, but

we still have ways to go to reach our goals.

Daniela Feiler: That’s right. In addition to the audits,

we will carry out regular risk analyses at the suppliers

by regularly asking questions about human rights,

environmental protection and social standards and by

also checking compliance on site. Moreover, we are

currently planning → SA8000 certification to be used

as standard, initially in the module area, in order to then

gradually extend it to all other areas.

SA8000

We strive to make certification for

social responsibility at the workplace

a standard in the future

Measures to be implemented in 2024

• Declaration of principles

• Annual Supplier Update

• Supplier Code

• Supplier questionnaire for risk analysis

• Monitoring system for regular evaluation of

supplier requirements

• Identification of tier 2 and tier 3 subsuppliers

for photovoltaic modules and

batteries (to be expanded by 2025)

• Checking opportunities for influencing

(e.g. capacity building) at suppliers (Tier 2, 3)

with high risk

• Requesting and reviewing SA8000

certificates



Our contribution to a

sustainable energy

supply by 2045

IBC SOLAR was founded in 1982 with the idea of producing energy locally

in an environmentally friendly way. What was then a bold, forward-looking

vision has now become part of everyday life in Germany: Solar modules

can be found in residential buildings, commercial buildings and on larger

areas in the form of solar parks.



Imagining new ways, going new ways – the trade

mark of IBC SOLAR AG for over 40 years

IBC SOLAR can claim to be one of the pioneers of the

solar boom in Germany, and this is particularly true of

founder Udo Möhrstedt. There are many reasons why

solar modules are no longer only found on detached,

single-family homes today, but that municipalities

and municipal utilities also consider photovoltaics to

form an important pillar of the energy supply. Frank

Schmetzke, Managing Director of Stadtwerke Neustrelitz,

strongly and enthusiastically promoted the use of

solar energy in Neustrelitz. And with good results, he

claims: “Today, around 40% of the annual electricity

consumed there is generated by solar energy. This has

made it much easier for the city, the municipal utilities

and the population to deal with the energy crisis.”

But that’s not all: “In addition to a power supply that is

predictable and reliable in several ways, we are already

making today a significant contribution to the goal of

making our country greenhouse gas neutral by 2045.”

A statement that Julius Möhrstedt underscores with

confidence. This is because studies show that a

photovoltaic system installed today recovers the same

amount of energy that was put into its production over

a period of 1.5 to 2.5 years. “From that moment onwards,

the system is already producing carbon-free electricity.

Because recycling also consumes energy and we

add six months to that, we probably need a maximum

of three years in the entire life cycle of a photovoltaic

system before it produces carbon-free electricity,”

says the Senior Vice President Central Europe at IBC

SOLAR. And bear in mind: This system will then run

for at least 25 years. In addition, these periods will also

The first carbon-free primary

products for solar modules are

already available on the market.

Julius Möhrstedt

change again because manufacturers want to rely

on more eco-friendly technologies to produce the

modules, mounting racks, inverters and energy storage

systems. “The first carbon-free primary products for

solar modules are already available on the market,”

explains Möhrstedt. And how does he rate the fact that

the sun only shines to a limited extent – throughout the

day and throughout the year? “By creating overcapacity,

we can at least mitigate this problem to a substantial

degree. This means that we set up more modules than

we need on sunny days and cut off these peaks in a

manner of speaking. On days with poor sunlight, we

can then benefit from this scope for overproduction.

The peaks can be used to supply particularly energy-intensive

consumers. The operative words in this

regard are electric cars or washing machines.”

Julius Möhrstedt Partner and Senior Vice

President Central Europe IBC SOLAR AG



Much of the operation of a solar

park is done online. A solar park

often requires the on-site presence

of a technician not more than once

or twice a year.

He believes that there are other important points that

make solar parks in municipalities an attractive option –

apart from climate protection and a reliable supply of energy.

This includes considerably less construction work,

no hazardous waste needs to be disposed of at a later

stage, and the facilities require considerably less maintenance

than those using other energy sources. “Much

of the operation of a solar park is done online. A solar

park often requires the on-site presence of a technician

not more than once or twice a year. There’s also some

ground care, and that’s it.” He continues: “However, the

days when it was possible to realise a solar park within

months are over. Nevertheless, the range between 1.5

and 2.5 years is still considerably shorter today than for

projects involving other energy sources.”

3 years

is the average time it takes from

the idea to the installed solar park

producing carbon-free electricity

Christian Sinne

Director of Projects Development

IBC SOLAR AG

He demonstrates the extent to which solar energy

has already advanced in the private sector by reference

to another figure: The approximately 230,000

stationary battery storage systems in Bavaria – not

including the storage facilities in electric cars – can

cover the electricity demand in the federal state for

17 minutes. Including the storage capacity of electric

cars, the demand could already be covered for about

50 minutes. As the Director of Projects Development at

IBC SOLAR, his colleague Christian Sinne is in frequent

contact with the municipalities and municipal utilities.

IBC SOLAR has implemented photovoltaic systems

worldwide with a total capacity of more than 7 gigawatts.

Meetings with customers on site, company cars

and meetings with colleagues are also part of everyday

work here. All of these activities cause CO2 emissions.

How do you deal with them at the in-house level?

Julius Möhrstedt “We now have significantly fewer

face-to-face meetings with customers and colleagues,

a trend which has been triggered, among other things,

by the corona pandemic. As part of this development,

we offer everyone who wishes to use an electric car as

a company car with the option to charge their car with

green electricity via our own PV systems at our corporate

head office. Two more solar carports will be added

in the foreseeable future. We also offer job bikes, and

we subsidise train tickets.”

Anyone thinking about the future today must

also take the energy of the sun into account


Sustainability

Statement


General disclosures

The first Sustainability Report in the company’s history,

which was prepared for the 2023 financial year, was

created based on the European Sustainability Reporting

Standards (ESRS) and relates exclusively to IBC

SOLAR AG and its locations in Germany.

For the purpose of this Sustainability Report, we performed

a → double materiality analysis, which included

an assessment of impacts, risks and opportunities. This

materiality analysis looked at both our own activities

and the directly upstream and downstream value chain.

The result of this analysis, which will be set out in more

detail below, forms the basis for the report. Future

reports are to be extended to the consolidated

companies of the IBC SOLAR Group.

The definition of time horizons from the ESRS (1-77)

was adopted for both the materiality analysis and the

reporting:

'For the preparation of its sustainability statement, the

company has established the following periods for the

end of the reporting period:

(a) for the short-term time horizon: the period applied by

the company in its financial statements as the reporting

period;

(b) for the medium-term time horizon: from the end of

the short-term reporting period referred to in point (a)

up to five years; and

(c) for the long-term horizon: five years and longer.'

This report does not disclose any estimates or errors or

corrections as it is the initial report based on the ESRS.



Administrative, management

and supervisory bodies

During the reporting period, the Supervisory

Board of IBC SOLAR AG consisted of three

people and the Management Board of five

people.

The Board of Directors

• Gertrud Moll-Möhrstedt,

Chairperson of the Supervisory

Board, born on 29 May 1947,

Germany, female

• Volker-Wilhelm Börries,

Supervisory Board member, born

on 9 May 1949, Germany, male

• Dr Stefan Reineck,

Supervisory Board, born on

13 February 1952, Germany, male

The Management Board

• Udo Möhrstedt, CEO,

born on 27 May 1940,

Germany, male

• Dr Dirk Haft, Co-CEO,

born on 5 September 1969,

Germany, male

• Lars Degendorfer, CFO,

born on 25 October 1972,

Germany, male

• Stefan Horstmann, COO,

born on 7 September 1967,

Germany, male

• Patrik Danz, CSO,

born on 22 July 1967,

Germany, male

The members of the governing bodies base their competence

on their professional experience, supplemented

by information from technical lectures and advice of

external service providers who are called in to support

the company on certain technical and process issues.

Lars Degendorfer will be responsible for the future

management of the sustainability goals. An ESRS

sustainability strategy was adopted in the first quarter

of 2024. There are plans to establish a sustainability

management system with corresponding objectives.

The task description and responsibilities will be elaborated

during 2024. The allocation of responsibilities will

be adjusted accordingly.

The management and supervisory bodies were informed

repeatedly about the sustainability aspects and

the corresponding reporting at IBC SOLAR AG:

15 September 2023: Kick-off event with the

Management Board on the topic of 'Sustainability'

11 December 2023: Information of the Management

Board and the Supervisory Board about the status quo

and on the stakeholder survey

17 January 2024: Presentation of the results of the

materiality analysis and kick-off for determining the

strategy with an online vote on the weighting of the

individual sustainability issues.

In the double materiality analysis carried out, all material

aspects, opportunities and risks were assessed. Both

Lars Degendorfer as CFO and Compliance Officer and

Stefan Horstmann as COO and Human Rights Officer

participated in all relevant meetings. The Management

Board and the Supervisory Board were comprehensively

informed about this in the regular Board and

Supervisory Board meetings.



Strategy, business model

and value chain

IBC SOLAR is a leading full-service provider of energy

solutions and services in the field of photovoltaics and

storage. The company offers complete systems and

covers the entire product range from planning to the

turnkey handover of photovoltaic systems. The range

includes energy solutions for private homes, trade and

industry as well as solar parks. IBC SOLAR AG is a project

developer and general contractor in these areas,

and plans, implements and markets major solar projects

worldwide. The company works closely with a network

of Premium Partners who ensure the competent and

high-quality installation of the systems worldwide.

The product portfolio can be divided into the following

groups: Solar modules, mounting systems, storage

systems and other electrical components. The modules

and many of the electrical components are sourced

from Asia, mounting systems from Germany or other

European countries. IBC SOLAR is active in three

market segments: Home (family homes), Business

(commercial and industrial) and Solar Park (large open

space systems). Distribution activities are carried out

on a wholesale basis, i.e. in cooperation with selected

installers as Premium Partners.

For the current reporting period, three geographical

locations in Germany must be identified for

IBC SOLAR AG:

Am Hochgericht 10, 96231 Bad Staffelstein

Auwaldstraße 8, 96231 Bad Staffelstein

Niederauer Straße 5 and 7,

96250 Ebensfeld-Unterneuses

Mission

We simplify complex systems and develop innovative energy

solutions that are tailored to customers' requirements. With our

knowledge and experience, we are able to respond in a quick and

agile way to dynamic markets. We are the driving force behind

utilising the sun's energy. Together with our partners, we provide

current and future generations with reliable access to renewable

energies. In doing so, we are accelerating the change to a sustainable

lifestyle.

Vision

We create energy self-sufficiency and zero emissions fby providing

easy access to the sun's infinite energy – for a world worth

living in.

425

employees in 2023 installed

7.5 kWh

capacity worldwide



Statement on due

diligence

In order to fulfil our due diligence, a → double

materiality analysis was performed as a first step,

taking impacts, opportunities and risks into account.

The significant impacts and effects were also

identified at the same time.

We expect to be able to implement sustainability

management based on a regular Plan-Do-Check-Actcycle.

This process seeks to ensure that the impacts are

continuously considered to evaluate the performance

and to optimally align the management of the aspects

concerned. For more information, see the table below:

Core elements of due diligence

Sections in the Sustainability Statement

Integration of due diligence into governance,

strategy and business model

→ SBM-1

Involvement of the affected stakeholders in

all important steps of the due diligence

→ SBM-2

Identification and assessment of adverse impacts

→ SBM-3

Measures to address these negative impacts → E1-3, E2-2, E4-3, E5-2, S1-4, S4-4

Tracking the effectiveness of these efforts

and communication

→ E1-2, E2-1, E5-1, S1-1, S2-1



Risk management and internal

controls of Sustainability Reporting

A sustainability strategy for IBC SOLAR AG was adopted

in the first quarter of 2024. The plan is to integrate

risk management with regard to sustainability issues

into the existing risk management of IBC SOLAR AG.

The identification of sustainability risks and their prioritisation

took place as part of the double materiality

analysis. In doing so, we identified the main risk areas

in the areas of → ESRS E1 'Climate Change', → ESRS

E2 'Pollution', → ESRS E5 'Resource Use and Circular

Economy' and → ESRS S2 'Workers in the Value Chain'.

matrix. In the future “governance client” of risk management,

the positive and negative impacts will also be

assessed according to their magnitude and probability

of occurrence. All risks should be reviewed every six

months or, in acute cases, reported in the form of an

ad hoc report. This process is firmly established within

the company, and the identified sustainability risks

can be addressed accordingly. The aim is that all goals

and actions can be tracked according to the Plan-Do-

Check-Act cycle.

Identification of sustainability risks

ESRS E1

Climate Change

ESRS E2

Pollution

As part of the double materiality analysis, the financial

ramifications were assessed – in accordance with the

existing risk matrix – the probability of occurrence and

the estimated time horizon with regard to the positive

and negative impacts and presented in a materiality

ESRS E5

Resource Use and

Circular Economy

ESRS S2

Workers in the

value chain



Stakeholders

As part of the double materiality analysis, a stakeholder

analysis was performed to identify all interest groups

relevant to IBC SOLAR AG – with regard to their significance

for the company and with regard to their being

affected by the impact of IBC SOLAR AG. This analysis

was performed and evaluated by the sustainability

team together with the advisory team. Afterwards,

the assessment was validated at the in-house level.

IBC SOLAR AG’s key stakeholders were divided into

two categories according to ESRS 1-22, with some

stakeholders being included in both categories:

'a) Affected stakeholders:

individuals or groups whose interests are or could

be affected, whether positively or negatively, by the

activities of the company and its direct and indirect

business relationships throughout its value chain;

and

b ) Users of sustainability statements:

key users of general financial reporting.'

The following section lists the key stakeholders of

IBC SOLAR AG, with the respective method used for

the → double materiality analysis specified in brackets:

Stakeholders of IBC SOLAR AG

1

2

Environment

3

Key stakeholder, users:

Policy (research)

Key stakeholders affected:

(research)

Key stakeholders, both users and affected:

Employees (employee surveys)

Suppliers (interviews with Purchasing)

Customers/end users (interviews, surveys)

Management Board/Supervisory Board

(interview)

Where possible, the identified key stakeholders were

involved in the process to obtain a broad perspective

of the company’s sustainability performance and

materiality spectrum. This was done through interviews,

stakeholder feedback, surveys, expert opinions

and further research. Since the sustainability strategy

according to ESRS was only adopted in the first quarter

of 2024 following the double materiality analysis, no

changes have been made so far due to stakeholder

interests.



Double materiality analysis

To assess which sustainability aspects are of particular

importance for IBC SOLAR AG, a so-called

double materiality analysis was performed from

the third quarter of 2023 until the first quarter

of 2024. The company’s own activities as well as

those in the upstream and downstream value

chain were considered. IBC SOLAR AG has set up

a customised process for this purpose, which is

explained below.

As part of the double materiality analysis, the status

quo was first analysed to obtain a precise picture

of the current company situation. This study

included the collection of relevant company data,

a visualisation of the value chain and an analysis

of existing sustainability activities. The aim was to

create a sound basis for the subsequent analysis.

The subsequent stakeholder analysis aimed

to identify all interested parties relevant to IBC

SOLAR AG and to assess them in terms of their

significance for the company on the one hand

and the extent to which they are affected by IBC

SOLAR AG on the other. Wherever possible, the

key stakeholders analysed were involved in the

process in order to obtain a broad perspective

on the company’s sustainability performance and

materiality spectrum.

In a further step, a so-called long list was compiled

based on extensive screening of internal and

external information sources. This is an extensive

list of potentially relevant sustainability issues. This

list has in turn been refined and validated through

expert assessments and stakeholder feedback to

ensure that all essential issues have been considered

for further analysis.

The subsequent impact and effects analysis considered

both the (potential) positive and negative

influences of the company on the environment

and society as well as the possible influences of

external factors in the form of opportunities and

risks on the business processes of IBC SOLAR AG.

Through the combination of stakeholder feedback

and further research, potential impacts and effects

were systematically assessed and prioritised. This

dual approach allowed us to comprehensively

identify the key sustainability topics.

To classify the effects, the severity or degree of

benefit was assessed. In the case of a positive

assessment, this degree was calculated based

on extent and scope, and in the case of negative

assessments, on the extent, scope and unchangeability

of the impact. The probability of occurrence

was also included for potential impacts. A

threshold value was then set. All impacts above

the threshold were identified as 'significant'.

For the assessment of impacts, opportunities and

risks were evaluated according to their potential

financial harm or benefit. Effects on the short, medium

and long-term horizon were considered, and

corresponding probabilities of occurrence included.

As regards the impact analysis, a threshold

value was also defined here, which can be used to

determine the significant opportunities and risks

for IBC SOLAR AG.

The impacts and effects have been compiled in

a list of topics and a materiality matrix, which now

serves as the basis for IBC SOLAR AG’s sustainability

management and reporting. The results are

listed under → SBM-3 General Disclosures.



Significant impacts,

risks and opportunities

IBC SOLAR AG aims to be a company that has a sustainable

positive impact on the environment. As a pioneer

in the solar industry, it satisfies this claim primarily

through the expansion and generation of solar energy.

The double materiality analysis examined the material

impacts, risks and opportunities and identified the

focus areas of → ESRS E1 'Climate Change', → ESRS

E2 'Pollution', → ESRS E5 'Resource Use and Circular

Economy' and → ESRS S2 'Workers in the Value Chain'.

Environment (E)

* VC = in the value chain

** OO = in own activities

E1 'Climate Change'

Impacts, risks and opportunities

Description

Adaptation to climate change

Risk (VC*)

Supply bottlenecks caused by climate change can make operations more

difficult and cause additional costs.

Climate change-induced (extreme) weather events can delay or endanger the production and procurement of essential components, significantly

disrupting the supply chain of companies. Adjustments resulting from the shift to local manufacturers or restructuring the supply chain as well as enhanced

risk management lead to significant additional costs. A direct production shutdown as a result of these events can also result in significant financial

losses.

Climate protection

Actual negative impact (OO**, VC)

GHG-intensive processes throughout the entire highly globalised

value chain (purchasing, logistics, sales and installation)

Greenhouse gas-intensive processes are inherent in the globalised value chain – at the level of suppliers, logistics and sales, as well as in the installation

and disposal. Greenhouse gases are the main driver of climate change, which can have far-reaching effects on planetary systems, which in turn can

fundamentally affect all living beings.

Actual positive impact (OO, VC)

Products and services directly contribute to the reduction of carbon emissions

in the energy supply.

The company’s products and services make a direct contribution to reducing CO2 emissions in the energy supply by providing a clean and renewable

energy source to replace fossil fuels. The installation and use of solar panels leads to a significant reduction in the consumption of carbon-intensive

energy sources. This contributes to combatting climate change.



Climate protection

Opportunity (OO)

Development of new business areas

(e.g. IBC GreenElements GmbH, IBC HomeOne)

The requirements of climate protection drive the development of innovative solutions, which in turn enable new business areas and the expansion of the

product portfolio. Advancing climate change is very likely to boost the demand for renewable energy generation. IBC SOLAR AG can benefit from this

development through the further development of existing and the development of new business areas.

Image and sales increase through optimisations

in the areas of climate protection and energy

The implementation of innovative and environmentally friendly technologies in our own activities as well as in the upstream and downstream value chain,

allows us to avoid great quantities of carbon emissions. This not only strengthens our market position as a sustainability pioneer through better perception

among environmentally conscious consumers and investors, but also opens up new markets and customer segments, which can lead to increased

revenue and greater attractiveness as an employer.

Energy

Actual negative impact (OO, VC)

High demand for energy in various processes

(e.g. in the production of aluminium, glass and storage modules ..)

The high demand for energy in various production processes, for example, in the production of aluminium, glass and storage modules, has a significant

adverse impact, as it negatively affects both the company’s operating costs and carbon footprint. This mainly affects the upstream value chain, but the

energy consumption in our own activities is also relevant. Moreover, there is an increased reliance on energy price fluctuations, which can affect the

financial stability and competitiveness of the company.

Actual positive impact (VC)

The potential of decentralised energy supply

reduces the need for central grid expansion.

Our form of energy supply enables households and companies to generate and consume their own electricity. This reduces the load on existing power

grids and reduces the need for costly infrastructure investments in the central power grid.

Opportunity (OO)

Rising energy costs lead to a potentially higher

demand for our own products.

Rising energy costs and potential customers’ pursuit of energy price independence have a positive impact on the demand for their own products. Fossil

fuels are already cost-intensive today, and this trend is very likely to continue. In addition, companies in the renewable energy sector can benefit.

Some locations are self-sufficient and independent due to their

own supply of energy (carports with solar modules in Bad Staffelstein)

Self-sufficiency with energy based on carports with solar modules in Bad Staffelstein for example,, demonstrates the potential of solar panels, advances

local energy self-sufficiency and reduces reliance on traditional, often GHG-intensive energy supply networks.



E2 - 'Pollution'


Description

Air pollution

Actual negative impact (VC, OO)

Air pollution due to GHG, particulate matter (esp. by transport),

container fumigation, waste heat, disposal and recycling processes

Air pollution is generated by GHG emissions, particulate matter (particularly from transport), container fumigation, waste heat and disposal or recycling

processes and in the various processes, and thus represents an actual negative impact in the area of environmental pollution.

Air pollution, water and soil pollution, pollution of living organisms and food resources

Actual positive impact

(OO, VC)

The company’s own product range offers customers (users) the

possibility of a clean energy supply.

Replacing conventional energy sources with renewables minimises emissions of pollutants and greenhouse gases that contribute to air, water and

soil pollution and affect the health of ecosystems as well as the quality of food resources.

Soil pollution

Opportunity (OO)

Use of, for example, already contaminated surfaces or integrated

potential applications (e.g. on house roofs)

The use of already contaminated land or the integrated installation of solar panels on the roofs of houses allows for efficient land use by revitalising

uncultivated or otherwise compromised lands or by using existing structures without taking up additional land. This aspect can be used strategically

and advance business.

Good prospects for building permits on soil-contaminated areas

(landfills, military training sites, etc.)

The prospect of easier building permits for the installation of solar panels on contaminated areas such as landfills or former military training grounds

presents an opportunity: Locations of this type often result in simplified approval procedures due to their pre-existing conditions and less competition

from other forms of use. This speeds up the implementation of solar projects and makes them more cost-efficient.

Substances of Very High Concern (SVHC)

Actual negative impact (VC)

Hazardous substances are released during production, such as silica

dust, silane, diborane, phosphine, sodium hydroxide, solvents and acids.

The release of SVHC such as silica dust, silane, diborane, phosphine, solvents and various acids or chemicals such as sodium hydroxide during

production in the upstream supply chain has a significant negative impact on the environment and potentially on workers who come into direct

contact with them. These substances can lead to air, water and soil contamination, which not only damages the local environment and ecosystems,

but also poses long-term health risks to people in the environment.



L4 - 'Biodiversity and ecosystems'


Description

Direct causes of biodiversity loss


(VC, OO)

Significant improvement in land use and pollution

Solar panels can be installed on areas already in use, such as the roofs of buildings or contaminated sites, minimising the need for new land for

energy generation and avoiding the destruction of natural habitats. At the same time, the reduced emissions of pollutants and greenhouse gases

from solar energy production reduce the pollution of air, water and soil. This improves living conditions for many species and contributes to the

conservation of biodiversity.

Effects on the state of species


(VC, OO)

Use of e.g. already contaminated areas or integrated

Potential applications (e.g. on house roofs)

Installing solar modules on already affected or anthropogenically used areas circumvents the need for converting additional natural ecosystems for

energy production facilities, reducing habitat loss and fragmentation. These measures help to reduce the pressure on wild species and improve their

survival opportunities by minimising the destruction of their habitats and conserving biodiversity.

Impacts on the size and condition of ecosystems


(VC, OO)

Preservation of habitats for flora and fauna

The conscious design and administration of PV systems as habitats for various plant and animal species can turn these systems into refuges for local

biodiversity. The integration of natural areas under and between the solar modules enables these sites not only to serve as sources of energy, but

also to function as valuable habitats that contribute to the preservation and recovery of populations of endangered and non-endangered species.



L5 - 'Resource Use and Circular Economy'


Description

Resource inflows including resource use

Actual negative impact

(VC)

High demand for material for raw materials (sand, metals, plastics)

A high demand for raw materials such as sand, metals and plastics to manufacture the products has a negative impact on the circular economy,

as it leads to an increased extraction of natural resources. This intensive use of non-renewable resources conflicts with the principles of the circular

economy, which aims to minimise waste and maximise the reuse and recycling of materials. Reliance on such materials can also make it more difficult

to develop and implement recycling and reuse processes more efficiently.

Strong reliance on resources from regions with high social conflict

potential (workers' rights and human rights may not be easy to safeguard)

Reliance on resources from regions with high social conflict potential, which are required for the production of our own products, is prevalent

throughout the PV industry. It impairs the ability to ensure ethical sourcing practices, as workers' rights and human rights are often difficult to safeguard.

This makes it difficult to implement sustainable and responsible production cycles.

Risk (VC)

Strong reliance on environmentally hazardous resources (to some extent

conflict minerals) as well as on resources in high demand with potential

price increases

The PV industry’s reliance on environmentally hazardous resources, including tin, tantalum and cobalt, not only increases the risk of environmental

and social impacts in mining and sourcing, but can also lead to volatile cost structures due to the uncertainties of the countries of origin, which

challenge the economic viability of recycling and sustainable material cycles.

Opportunity (VC, OO) Replacing finite resources with renewables Replacing finite resources with renewables helps reduce reliance on fossil fuels, promotes sustainable energy production and advances the development

of a regenerative economic system to minimise waste and maximise the efficient use of natural resources, thus contributing to a circular

economy.

Resource inflows related to products and services


(VC)

Disposal of old modules, storage systems, etc. is problematic, recycling

possibilities are still evolving.

The recycling process for certain components such as old modules, storage, etc. is technically complex and not yet fully mature, which means that

certain materials cannot be recycled. These practices conflict with the principles of the circular economy, which aims to close product life cycles and

minimise waste by efficiently recycling and reusing materials. On the other hand, the amount of PV modules that are disposed of in Germany today is

small because the modules have a shelf life of around 30 years.



Risk (OO, VC) Technically challenging and costly recycling process The recycling process of own products is technically challenging and costly. This is due to the complexity of the materials contained in solar

modules and the need for specialised technologies for their separation and reprocessing, which drives up recycling costs. This can affect financial

sustainability and limit the ability to implement long-term environmentally sound solutions in line with the circular economy goals.

Potential cost increases due to disposal or regulations in this context

Stricter environmental requirements and the need to dispose of end-of-life solar technologies in an environmentally friendly way can impose

significant financial burdens. Among other things, these potential cost increases threaten the profitability of solar projects.

Waste


(OO, VC)

Disposal of old modules, storage systems, etc. is problematic, recycling

possibilities are still evolving.

The technical complexity and costs associated with recycling various components, including modules and storage systems, make it difficult to

reintegrate them effectively to the production cycle. This leads to an accumulation of waste.


(OO, VC)

Reduction of e-waste through membership in cross-manufacturer

recycling system

By being a member of a cross-manufacturer recycling system, the company can have a positive impact on the waste and circular economy by

contributing to the reduction of electronic waste (e-waste). These systems make it possible to effectively collect end-of-life solar modules and

storage systems and to recycle the materials contained in them for manufacturing new products. This reduces the amount of consigned e-waste.

Risk (OO, VC) Technically challenging and costly recycling process Recycling solar modules is technically difficult and costly. This makes it difficult to efficiently reintegrate the materials into the production cycle,

which can lead to increased waste production.

Potential cost increases due to disposal or regulations in this context

The company is exposed to a considerable risk due to the threat of cost increases resulting from the disposal of solar modules and storage systems

and from the introduction of stricter regulations with regard to waste and circular economy. These potential financial burdens arise from the need to

dispose of end-of-life solar products in an environmentally friendly way and adapt recycling processes to new legal requirements.



Social (S)

S1 - 'Own workforce'


Description

Working conditions, equal treatment and equal opportunities for all, other work-related rights

Actual negative impact (OO)

Impairment of health and quality of life due to working conditions

and, where applicable, any gaps in health management that may arise

IBC SOLAR AG’s own employees mainly work in administration, logistics and maintenance. Impairments that typically occur in production

are therefore excluded. Nevertheless, there is a psychological and physical burden that must be controlled and minimised.

Opportunity (OO) Ensuring employee health, satisfaction and productivity Advancing good working conditions, equal treatment and equal opportunities within a company's own workforce significantly contributes to

employee health, increases employee satisfaction and promotes productivity. These measures not only improve the well-being of employees, but

also create a motivating workplace where work is performed efficiently.

Working conditions


(OO)

Promoting the quality of life of employees through good and

safe employer benefits

Ensuring good and safe employer benefits, including adequate wages, comprehensive health care and safe working conditions, makes a significant

contribution to promoting the quality of life of employees. These measures not only contribute to strengthening the physical and psychological

well-being and satisfaction of the workforce, but also establish a motivational working climate.

Equal treatment and equal opportunities for all


(OO)

Increase satisfaction through commitment to gender equality

Equal treatment and equal opportunities within the workforce, including gender equality and ensuring equal pay for equal work, contribute significantly

to increasing employee satisfaction. These measures promote a working environment that eliminates discrimination and recognises individual

achievements regardless of gender, ethnicity or other personal characteristics.

Promoting employees’ personal development opportunities

Providing training programmes and career development opportunities, coupled with targeted inclusion of people with disabilities, promotes employees’

personal development opportunities and makes a significant contribution to equal treatment and equal opportunities within the workforce.




(OO)

Advancing the quality of life of employees through good

and safe employer benefits

The principles of equal treatment and equal opportunities ensure that all employees, regardless of their personal characteristics, receive fair opportunities

and equal employer benefits.

Increase satisfaction through commitment to gender equality

Advancing equal treatment and equal opportunities in a company’s own workforce leads to a significant increase in satisfaction by creating an

environment where gender equality is actively promoted. This commitment contributes to a positive and productive working climate where all

employees have equal opportunities for professional development and recognition – regardless of gender.

Other work-related rights


(OO)

Advancing the quality of life of employees through good and safe

employer benefits

Ensuring the security of employees’ personal data as part of the company's own workforce contributes significantly to promoting their quality of life.

This practice of good and safe employer benefits creates a relationship of trust and a sense of security among employees, which not only increases

their well-being, but also fosters a culture of transparency and respect within the company.

S2 - 'Workers in the value chain'


Description

Working conditions, equal treatment and equal opportunities for all


(VC)

There is a strong reliance on resources from regions with high social

conflict potential (workers' rights and human rights may not be easy to

safeguard).

Reliance on resources from regions with high social conflict potential often has adverse effects on the equal treatment and equal opportunities of

workers in the value chain, as workers and human rights are often difficult to ensure in these areas.

Working with SVHC (see above) is associated with special health risks for

workers in the supply chain (e.g. inhalation of silicone dust).

The use of SVHC, such as silicone dust, in production poses specific health risks for workers in the upstream value chain and affects working conditions,

equal treatment and equal opportunities. Exposure to these hazardous substances without adequate protective measures can lead to serious

health problems such as respiratory diseases, which not only significantly reduce the well-being of the affected workers, but also contribute to

inequality in the working environment by exposing certain groups to a higher risk.

Actual positive impact (VC)

Supplier Code and self-disclosure questionnaires to minimise the risk of

supply chain issues and advance sustainability and ethical standards

The implementation of a Supplier Code and the introduction of self-disclosure questionnaires aim to minimise risks in the supply chain and contribute

to advancing sustainability and ethical standards. These initiatives support, among other things, secure employment conditions, adequate

working hours and wages, social dialogue and freedom of association along the value chain. Supporting compliance with these standards throughout

the supply chain is a significant contribution to improving working conditions, equal treatment and equal opportunities.



Other work-related rights

Potential impact (VC) Serious cuts to human rights, such as child labour or forced labour Any potential involvement in child labour, forced labour, inadequate and adverse working conditions, poor accommodation, inadequate water and

sanitation, and data protection breaches lead to significant negative impacts on the human rights of workers within the value chain. This is difficult to

rule out in the PV industry. Incidents of this type are regularly reported.

Working conditions and equal treatment and opportunities for all; other work-related rights

Risk (VC)

Serious and far-reaching legal and reputational consequences of

mismanagement of labour relations in the supply chain

There is a risk of serious and far-reaching legal and reputational consequences if labour relations in the supply chain are not adequately and appropriately

managed, including in respect of safe employment, adequate working hours and wages, social dialogue, freedom of association, collective

bargaining, etc. Negative events in recent years have raised awareness in the PV industry about these concerns.

S4 - 'Consumers and end users'


Description

Information-related impacts for consumers and/or end users


(VC)

Self-sufficient, more democratic energy supply as a benefit for customers

Private and commercial customers benefit from IBC SOLAR AG’s product line. Customers are in a position to cover their own demand for power

themselves and are thus independent of market price fluctuations and supply structures. This contributes to the democratisation of the energy

sector.

Risk (VC)

Legal and reputational consequences of poor product quality, inadequate

communication or lack of data protection

The company faces serious legal and reputational consequences if poor product quality, inadequate communication or lack of data protection

affects the safety of consumers and end users. Such deficiencies can not only undermine customer confidence and lead to loss of revenue, but also

result in regulatory penalties that can cause lasting damage to the company’s business and public reputation.



Governance (G)

G1 - 'Corporate Policy'


Description

Corporate culture

Actual positive impact (VC, OO)

A positive corporate culture has a positive impact on employees and

stakeholders.

A positive corporate culture has a significant impact on employee motivation and satisfaction as well as stakeholder perception and engagement.

Promoting values creates a working environment that not only enhances employee well-being and productivity, but also fosters trust and loyalty

among customers, suppliers and the wider public.

Protection of whistleblowers


(VC, OO)

Corporate Social Responsibility: Promoting transparency and

disclosure of unlawful acts (whistleblower legislation)

Establishing a corporate culture that prioritises the protection of whistleblowers with regard to solar panel manufacturing advances responsible

entrepreneurship by increasing transparency and revealing illegal activities. This commitment to whistleblower legislation creates an atmosphere of

trust within our company, where employees are encouraged to report concerns without fear of retaliation.

Managing supplier relationships, including payment practices

Potential positive impact

(VC, OO)

Sensible supply chain management can have a positive impact.

Effective management of supplier relationships, including fair payment practices, has a positive impact on the entire supply chain. By establishing

transparent, fair and reliable business practices, our company not only promotes sustainable and ethical sourcing processes, but also contributes to

financial stability and mutual trust between business partners.

Corruption and bribery


(OO)

Corporate Social Responsibility: Promoting transparency and disclosure

of illegal activities (whistleblower legislation and corruption prevention)

The commitment to responsible business conduct in terms of transparency and the disclosure of illegal activities through whistleblower legislation

and corruption prevention have positive effects. These practices strengthen the company’s internal integrity and ethics, reduce the risk of corruption

and bribery and promote a business environment in which fair competitive conditions prevail, which in turn sustainably strengthens the trust of

both internal and external stakeholders.



Climate Change

IBC SOLAR AG strives to have a sustainable positive impact

on the environment. As a pioneer in the solar industry, the

company achieves this goal mainly through the increased

expansion and production of solar energy. In this way, it actively

contributes to the indispensable transition to a net zero

economy. Approaches to reducing carbon emissions therefore

span across all business activities of IBC SOLAR AG,

i.e. the trade in solar modules, mounting systems, storage

systems and other electrical components, the construction

and operation of solar parks as well as our company's own

administrative processes. In addition to the core business,

we also strive to reduce emissions during production, transport,

trade, installation and operation of

the systems.

However, it is also clear that there are climate-damaging

effects along this value chain. In the solar industry, around

80% of emissions are generated during the production of

photovoltaic modules, batteries and inverters. Emissions

along this supply chain are therefore crucial for a net zero

economy.



Significant impacts, risks

and opportunities

The following negative impacts were identified as

part of the → double materiality analysis: There

is a risk that climate change-induced (extreme)

weather events will delay or endanger the production

and procurement of essential components,

thereby significantly disrupting companies’ supply

chains. Adjustments resulting from the shift to

local manufacturers or restructuring the supply

chain as well as enhanced risk management lead

to significant additional costs. A direct production

shutdown as a result of these events can also

result in significant financial losses.

The globally oriented value chain also includes

processes that generate high levels of greenhouse

gases at suppliers, in logistics, in sales as

well as in installation and disposal. Greenhouse

gases are the main driver of climate change; they

have far-reaching consequences for planetary

systems and can thus fundamentally affect all

living beings. Climate change has a negative

impact on both operating costs and the carbon

footprint of IBC SOLAR AG, as various processes,

such as the production of aluminium, glass or

storage systems for photovoltaic systems, require

large quantities of energy. This mainly affects

the upstream value chain, but also the energy

consumption in our own activities. In addition, the

dependence on fluctuations in energy prices has

increased, which can impair the financial stability

and competitiveness of IBC SOLAR AG.

The following were identified as positive impacts:

IBC SOLAR AG’s products and services make a

direct contribution to reducing CO2 emissions

in the energy supply by providing a clean and

renewable energy source that replaces fossil

fuels. The installation and use of solar panels leads

to a significant reduction in the consumption of

carbon-intensive energy sources. This contributes

to combatting climate change.

The requirements of climate protection act as a

catalyst for the development of innovative solutions,

which in turn create opportunities for developing

new fields of business and expanding the

product portfolio. Advancing climate change is

very likely to drive demand for renewable energy

generation. IBC SOLAR AG can benefit from this

development through the further development of

existing as well as the development of new fields

of business.

The implementation of innovative and environmentally

friendly technologies in our own activities

as well as in the upstream and downstream value

chain, allows us to avoid great quantities of carbon

emissions. The same applies to the company's

market position as a pioneer in the area of sustainability.

This not only improves the perception

among environmentally conscious consumers

and investors, but also opens up new markets and

customer segments, which can lead to increased

sales and greater attractiveness as an employer.

IBC SOLAR AG allows households and companies

to generate and consume their own electricity.

This reduces the load on existing power grids and

reduces the need for costly infrastructure investments

in the central power grid.

Rising energy costs and the desire of potential

customers for energy price independence are

having a positive effect on the demand for IBC

SOLAR AG products. Fossil fuels are already

cost-intensive today, and this trend is very likely

to continue in future. Companies in the renewable

energy sector can benefit from this trend.

Drawing our own supply of power from 'energy

carports' equipped with solar modules in Bad

Staffelstein is but one example. It highlights the

potential of solar panels, advances local energy

self-sufficiency and reduces reliance on traditional

GHG-intensive energy supply networks.



Risk (VC): Challenging processes and additional

costs due to supply bottlenecks caused by climate

change

Actual negative impact (OO, VC): GHG-intensive

processes throughout the entire, highly globalised

value chain

Actual negative impact (OO, VC): High demand

for energy for various processes (production of

aluminium, glass, storage modules and others)

Actual positive impact (OO, VC): Direct contribution

of products and services to CO2 reduction in

energy supply

Opportunity (OO): Development of new business

areas (e.g. IBC GreenElements GmbH,

IBC HomeOne)

Opportunity (OO): Image and sales increase

through optimisations in the areas of climate protection

and energy

Actual positive impact (VC): Reduction of the

need for central grid expansion through the potentials

of decentralised energy supply

Opportunity (OO): Potentially higher demand for

own products due to rising energy costs

Opportunity (OO): Self-sufficiency of some locations

due to supply of own energy (carports)

IBC SOLAR AG’s climate protection goals:

Implement climate management by 2025

Record Scope 3 emissions as of 2024

Identify reduction potentials for Scopes 1, 2 and 3

Achieve CO2 neutrality of the headquarters in Bad Staffelstein by 2030 (incl. compensations)

IBC SOLAR AG’s energy goals:

In the long term, increasing the demand for electricity from renewable energies to 100% (the

company is a tenant in all properties; hence, the goal can only be achieved with the landlord’s

consent).

Reducing energy consumption by 10% by 2026 (In the first and second quarters of 2024,

both the facilities at Unterneuses I and Hochgericht will fully switch to LED lighting. Further

efficiency improvements should contribute to achieving this goal.)



Policies

Measures:

In the aforementioned → 'Transition Plan for Climate

Protection', IBC SOLAR AG will in future communicate

its climate strategy transparently to its stakeholders

in the form of its annual Sustainability Report. For the

development of its own emission reduction plan, an

initial climate balance was created, with which the most

important decarbonisation levers in Scopes 1 and 2

were identified and translated into measures. A resilience

analysis has not yet been carried out because

- similar to the transition plan - all scopes must first be

considered holistically. Potential scenario analyses are

derived from this.

IBC SOLAR AG provides information on its commitment

to the environment on their own website in the area of

sustainability. The climate balance is compiled in accordance

with the standards of the GHG protocol. IBC

SOLAR AG is also a member of the Climate Working

Group of the → SOLAR Power Europe Initiative and the

→ Bundesverband Solarwirtschaft e. V., which pursue

climate protection goals across the industry.

The Management Board is responsible for the climate

targets of IBC SOLAR AG. The company has developed

various measures to reduce CO2 emissions in the

future. In the area of climate protection, this includes

the following at a glance:

• Implementing climate management

• Creating a climate balance including Scope 3

• Adapting the travel policy

• Compiling an action plan to reduce emissions in

logistics

• Creating product climate balances

• Conducting environmental and emission

reduction training (e.g. Welcome folder)

• Ongoing ecological optimisation of the fleet

• Adapting operational mobility management

• Elaborating the target path (transition plan)

to climate neutrality in accordance with the

→ Science-Based Targets Initiative (SBTI)

Measures were also put in place to save energy within

the same framework:

• Expanding the photovoltaic system at the

corporate head office

• Conducting energy audits every four years

• Increasing energy efficiency

• Optimising the hall heating system at the

Auwaldstraße logistics centre

• Check increased purchase of thermal energy from

renewable sources

• Ongoing ecological optimisation of the fleet



Objectives

Until now, the focus of IBC SOLAR AG’s CO2 emissions

management measures has been on business

activities in Germany. In the coming years,

climate management will also be systematically

expanded to other countries and subsidiaries. The

installation of a sustainability management system

is planned for this purpose. It should be noted

that around 80% of emissions in the solar industry

are generated during the production of photovoltaic

modules, batteries and inverters. However,

IBC SOLAR AG has had little influence on this

part of the value chain so far. For this reason, the

company intends to enter into exchanges with its

direct suppliers in the future to obtain not only human

rights data, but also environmental data and

to minimise impacts and risks.

The first climate balance for Scopes 1 and 2 was

created as part of the preparation of the Sustainability

Report for the year 2023. The goal

was defined to also prepare the balance sheet

for Scope 3 by 2025. Against the background of

our mostly Asian suppliers, the Scope 3 analysis

will only be ready for preparation by 2025. It was

also stipulated that the travel policy should place

even greater weight on sustainable business trips.

The principle of avoiding business trips is the first

priority. A large portion of IBC SOLAR AG’s emissions

are generated in upstream and downstream

transport logistics. Accordingly, in the future even

more weight will be placed on the reduction of

CO2 emissions in this area.

Potential measures include, for example, using

biofuels in sea transport, increasing the share of

railways in the transfer from the port to Bad Staffelstein,

using the latest freight forwarding truck

fleets with low CO2 emissions or, in the future,

using e-trucks. The fleet is to be optimised further

in terms of the environment by using electric

vehicles. The same applies to operational mobility

management, which is also to be improved next.

Electric vehicles are already being used to commute

between the locations in Bad Staffelstein/

Ebensfeld and employees have the option of

choosing alternative mobility concepts instead of

a company car.

At the time of writing this report, there are plans

to enlarge the photovoltaic system at the company

headquarters through the construction of

additional carports. The aim is to increase energy

efficiency at all locations. At the beginning of

2024, the entire hall lighting in Unterneuses I and

the lighting at the company headquarters will be

switched to LED. To this end, considerations are

currently being made for optimising the hall heating

system at the Auwaldstraße logistics centre. It

is being examined whether more thermal energy

from renewable sources can be used. → Energy

audits in accordance with DIN 16247 will continue

to be performed every four years.

Product carbon footprints are a means of identifying

and reducing energy consumption and

CO2 emissions over the entire life cycle ('cradle to

grave'). They are also to be prepared in the future.

Last but not least, all employees must contribute

to greater climate protection: They should

receive training on environmental friendliness and

emission reduction when they join the company.

The corresponding materials are currently held

available in the Welcome folder.

As already described, the implementation of

sustainability management in conjunction with

climate management is planned to achieve all

the presented objectives in a documented and

planned manner. All of the aforementioned

measures also serve to facilitate climate neutrality

according to the SBTI, a process, which is being

elaborated.

The effectiveness of the strategy, objectives

and measures will be monitored as

part of the sustainability management to

be implemented. The aforementioned

objectives were adopted in cooperation

with the Management Board following the

double materiality analysis and as part of

the strategy definition.

As described, all quantifiable reduction

potentials for all three scopes can be identified

and reported after 2025. It should

also be noted that the CO2 neutrality of the

company headquarters in Bad Staffelstein

by 2030 can only be achieved through

compensations.



Scope 1 and 2 gross GHG emissions and total GHG emissions

Market-related Scope 2 GHG emissions

Greenhouse gas intensity

Total

1050 t CO2 eq

Total

126 t CO2 eq

Only Scopes 1 and 2 were recorded for the 2023 financial year.

Starting in the 2024 financial year, Scope 3 is also to be recorded so

that the corresponding disclosures can then be provided.

Scope 1 gross GHG emissions

924 t CO2 eq

of which unbundled contracted electricity 37%

Operational and organisational boundaries: For the compilation of

Scope 2 gross GHG emissions (market-based)

126 t CO2 eq

of which contracted electricity bundled with instruments 63%

this first GHG balance sheet, the scope of consideration was initially

limited to the Bad Staffelstein and Unterneuses locations. Therefore,

only the data for IBC SOLAR AG and IBC SOLAR Invest GmbH based

there were included in the balance sheet.

Breakdown of the measuring method (location-based vs. market-based)

To determine IBC SOLAR AG’s corporate carbon footprint, all relevant

Emissions according to deviating measuring method

(site-specific)

265 t CO2 eq

activity data from Scopes 1 and 2 were compiled in the period from 1

January to 31 December 2023. Accordingly, the current report on the

recording of GHG emissions refers to the calendar year 2023. Given

that IBC SOLAR AG has 100% ownership and control of the aforementioned

subsidiaries, the operational control mechanism was chosen

as the basis for calculation based on the corporate and ownership

structure.

1,439 MWh

Total energy consumption



Share of energy consumption

Energy consumption and energy mix

Total energy consumption

from non-renewable sources*

1,439 MWh

929 MWh

Power generation

Power generation from renewable sources

of which grid feed-in

205 MWh

120 MWh

35 %

from renewable sources

from renewable sources

510 MWh

of which own consumption

85 MWh

* Gas, domestic fuel oil, electricity

65 %

from fossil sources

Explanation: IBC SOLAR AG is only a tenant at some

locations and therefore has only a limited influence on

the purchase of electricity.



Scope 1 and 2 calculation methods

Mobile combustion

According to the GHG Protocol, total emissions are

divided into specific categories. This allows a company

to accurately calculate emissions from each sector and

source category. The categories relevant to IBC SOLAR

AG for Scopes 1 and 2 are listed below.

Stationary combustion

The category of stationary incineration includes the

process of burning fuels in fixed installations or plants

for energy production, which are typically included in

Scope 1 emissions. This includes a wide range of applications

such as heat and power generation in industrial

processes and heating systems in buildings and energy

supply for production facilities such as boilers, furnaces,

burners, turbines, heaters, incinerators, engines,

torches and others.

For IBC SOLAR AG, actual data on the total consumption

of domestic fuel oil and on the total quantity of gas

purchased in kilowatt hours (kWh) were recorded. This

data allows for an accurate calculation of emissions

from stationary sources. Since these are consumption

values from billings, the data quality is good and no

limitations apply as to the calculation.

The GHG Protocol classifies mobile combustion as

the process of burning fuels in means of transport or

mobile units for travel or propulsion. This category

includes emissions from vehicles and equipment used

in various areas such as road transport, aviation and

shipping. Emissions from mobile combustion are part of

a company’s direct emissions (Scope 1) and result from

the use of petrol, diesel, kerosene and other fuels.

At IBC SOLAR AG, we collected actual data on the total

fuel consumption for own or leased vehicles. As these

vehicles are under operational control, both own and

leased vehicles are included in Scope 1 of the emissions

calculation. Consumptions of diesel and gasoline

were recorded in litres. The share of emissions generated

by the private use of company vehicles is calculated

based on a specific calculation assumption to correctly

record the corresponding share of emissions: For

vehicles that are used exclusively for business purposes,

100% of the fuel consumption was attributed to the

emissions of IBC SOLAR AG; for vehicles that are also

used privately, it was assumed based on the 1-%-rule

that a maximum of 50% of these are being used for private

purposes. Consequently, half of their consumption

was attributed to IBC SOLAR AG.

Scope Operations Description Calculation

method

Scope 1.1 IBC SOLAR AG

Natural gas, domestic List per location with

Stationary Invest

fuel oil, for heating consumption in kWh

combustion

Scope 1.2 across locations, Diesel/gasoline List according to fuel

Mobile combustion

incl. subsidiaries consumption from consumption in I

at location

own fleet


Air conditioning Consumption of

Volatile gases

systems and climate coolant refills in kg by

chambers in the test coolant type

laboratory

Power generation

IBC SOLAR AG

Power generation from Percentage of in-

from

PV systems

house consumption

renewable

sources


Power consumption at List per location with

Power

locations

consumption in kWh,

consumption

market-based and

location-specific

Improvement

opportunities for

data collection in

2024

Full attribution to IBC

SOLAR AG, potential

improvement by FTEs

of subsidiaries

Assessment of the

share of private use of

company cars and

corporate use

Attributed to processes

and IBC SOLAR AG

-

Full attribution to IBC

SOLAR AG, potential

improvement by FTEs

of subsidiaries



Volatile gases

Volatile gases are defined in the GHG Protocol as unintentional

releases of gases arising from the operation,

maintenance due to malfunctions of equipment and

systems containing gases or vapours. These emissions

can come from a variety of sources within an organisation,

including, but not limited to, leaks from industrial

facilities and equipment, refrigerant losses from air

conditioning and refrigeration systems, and methane

emissions from oil and gas extraction. Fugitive emissions

usually fall under Scope 1 of carbon accounting,

as they occur directly at the place of business activity.

For IBC SOLAR AG, no losses were reported for the

company’s air conditioning systems, as closed circuits

are used and no leaks were detected during maintenance.

For the laboratories, the consumption of

refrigerants R404A, R452A and R23 was recorded in

kilograms per refrigerant. The quality of the data must

be assessed as high, as it is provided by maintenance.

Renewable electricity generation

In-house production of energy from renewable sources

enables companies to significantly reduce their direct

carbon emissions (Scope 1), as emissions from renewable

energy generation are typically very low or even

zero. In addition, self-generated renewable energy can

help reduce indirect emissions from electricity consumption

(Scope 2).

IBC SOLAR AG uses electricity generated from its own

photovoltaic systems. Part of the generated electricity

is fed into the grid (Scope 3) and the rest is used

directly by the company. The electricity used by IBC

SOLAR AG itself is recorded in kWh. Good data quality

is ensured by specifying the exact amount of electricity

used by our company.

Purchased electricity

When calculating electricity consumption for greenhouse

gas inventories, the GHG protocol differentiates

between a market-based and location-specific approach.

The location-specific approach uses average

emission factors from the local power grid, thus reflecting

regional emissions from power generation. The

market-based approach, on the other hand, takes into

account the specific sources of purchased electricity,

including renewables, and allows organisations to reflect

the positive impacts of their choice on renewables

in their greenhouse gas accounting.

Actual data on total power consumption in kWh was

collected. The calculations were made using both the

location-specific and the market-based approach.

Scope Source of GHG emissions Note

Scope 1: Direct emissions

Scope 1.1 Stationary systems Combustibles: Gas, oil

Scope 1.2 Mobile systems Fleet Diesel, gasoline

Scope 1.3 Volatile gases Refrigerant: R404A. R452A, R23

Scope 1.4 Physical or chemical processes Not relevant for IBC

Scope 1.5

Power generation from renewable In-house consumption from PV

sources

production

Scope 2: Indirect emissions

Scope 2.1 Electricity consumption Market-based and location-specific

Scope 2.2 District heating/cooling Not relevant for IBC

Scope 2.3 Steam Not relevant for IBC



Pollution

IBC SOLAR AG contributes to climate and environmental protection

with its products because solar energy generates electricity

without CO2 emissions with a low use of raw materials compared

to other energy sources. Nevertheless, substances are also used

and emitted in the production of solar panels that pose a burden

on people and the environment.

To further reduce these impacts in the future, IBC SOLAR AG is

primarily focusing on systematic environmental management,

which is to be extended to the upstream and downstream value

chain by 2025. An important part in this respect will be the

assessment of compliance with the REACH and POP regulations

as well as the environmental risks in accordance with the

German Supply Chain Due Diligence Act (LkSG) for all suppliers.

In addition, there are also other measures to achieve the defined

environmental protection objectives.





Since 2012, the identification of significant impacts,

risks and opportunities for the German locations

in Bad Staffelstein and Ebensfeld and the

business activities of IBC SOLAR AG have been

assessed as part of → ISO 14001 certification.

The activities within the upstream and downstream

value chain were assessed as part of the

double materiality analysis. Supplier audits take

place regularly on site. Consultations with affected

communities have not been performed.

Overview of German locations

Am Hochgericht 10, 96231 Bad Staffelstein

(headquarters and purely administrative

building)

Auwaldstraße 8, 96231 Bad Staffelstein

(Administration and Logistics)

Niederauer Street 5 and 7, 96250

Ebensfeld-Unterneuses (Logistics)

The → double materiality analysis also assessed

the dependencies and impacts associated with

pollution as well as the significant risks and

opportunities. The following adverse effects have

been identified: Air pollution is caused by GHG

emissions, particulate matter (particularly from

transport), container fumigation, waste heat and

by disposal or recycling processes.

The release of SVHC during production in the

upstream supply chain has significant negative

impacts on the environment and potentially on

workers who come into direct contact with them.

These substances can lead to air, water and soil

pollution, which not only damages local ecosystems,

but also poses long-term health risks to

people in the environment. One of the positive effects

is that selling our own products offers users

the possibility of a clean energy supply. Replacing

conventional energy sources with renewables

minimises emissions of pollutants and greenhouse

gases that contribute to air, water and soil pollution

and affect the health of ecosystems and the

quality of food resources.

Opportunities in the field of soil pollution include

the use of already contaminated areas or the

integrated installation of solar modules on the

roofs of houses. These options allow for efficient

land use by revitalising uncultivated or otherwise

compromised land or by using existing structures

without taking up additional land. This aspect can

be used strategically and advance business. The

prospect of facilitated building permits for the

installation of solar modules on contaminated

areas such as landfill sites or former military training

sites presents an opportunity. Such locations

often offer simplified approval procedures due to

their pre-existing contamination and less competition

from other forms of use, which makes

the realisation of solar projects faster and more

cost-efficient.

Actual negative impact (VC, OO):

Air pollution from GHG, particulate matter,

container fumigation, waste heat, disposal and

recycling processes

Actual negative impact (VC):

Release of hazardous substances in production

(e.g. silica dust, silane, diborane, phosphine,

sodium hydroxide, solvents and acids)

Actual positive impact (OO, VC):

Possibility of a clean energy supply for

customers through our own product range

Opportunities (OO):

Use of already contaminated areas or integrated

application options such as house roofs

Opportunity (OO):

Good prospects for building permit on

soil-contaminated areas



Strategy

Measures

Our ecological environment is facing major challenges.

The increasing strain on ecological boundaries is also

reflected in the rapid decline in biodiversity. A non-intact

environment carries serious risks for people, society

and the economy. IBC SOLAR AG is convinced that

the transition to renewable energy sources must also

be designed in an environmentally friendly way. Only

then can the energy transition be part of the solution

to the current environmental crisis. To achieve this, it is

important to identify and actively consider the possible

negative effects on the environment in our value chain

already at an early stage.

As part of the double materiality analysis, negative

and positive impacts and opportunities were defined,

→ Significant impacts, risks and opportunities. The

strategy process also defined targets to reduce the

negative impacts associated with air, water and soil

pollution. It also includes objectives related to the

substitution and minimisation of the use of substances

of concern:

a) Systematic environmental management

Expansion of the upstream and downstream value

chain by 2025

b) Reduction potentials

Examination of transport-related air pollution by

2025

c) Reduction of emissions

d) Signing the → Supplier Code of Conduct

by all suppliers in the year 2024

Various processes to prevent incidents and emergencies

have already been implemented through IBC

SOLAR AG’s existing environmental management system.

These processes aim to prevent incidents and limit

the impact on people and the environment in the event

of possible incidents or emergency situations.

IBC SOLAR AG intends to extend the existing audit for

compliance with the → REACH and the → POP Regulation

as well as the German Supply Chain Due Diligence

Act-related environmental risks to all suppliers

by 2025. The existing monitoring system for recording

waste categories should also be optimised and corresponding

targets should be formulated. ESG audits are

also to be carried out for all module suppliers by 2025.

To this end, a monitoring system is implemented for the

regular evaluation of supplier requirements. Important

keywords in this regard are supplier self-disclosure,

ESG audits and signed Supplier Codes of Conduct.

Querying environmental risks at IBC SOLAR AG’s suppliers

by expanding supplier self-disclosure will also be

permanently implemented.

To reduce air pollution along the purchasing and sales

logistics chains, alternative transport options for all

transport modes are to be examined, and a feasibility

study and an economic analysis are to be carried out

for the procurement of photovoltaic modules with higher

recycling ratios.



Objectives

In the first quarter of 2024, IBC SOLAR AG voluntarily

set the following targets as part of the prevention of

environmental pollution: By 2025, existing environmental

management is to be systematically extended to the

upstream and downstream value chain. Potentials for

reducing transport-related air pollution are also to be

examined by 2025.

The → Supplier Code of Conduct is to be signed by

all suppliers in 2024. Environmental risks at suppliers

should also be queried by expanding supplier self-disclosure.

The main objective is to reduce the release of

SVHC during production in the upstream supply chain.

Similarly, ESG audits are to be performed for all module

suppliers by 2025 and compliance with the REACH and

POP regulations is to be verified. In addition, there are

all environmental risks arising from the German Supply

Chain Due Diligence Act.

Emissions in the air, water and soil at IBC SOLAR AG

only take place in the upstream and downstream value

chain and have not been declared so far. These emissions

should be recorded by 2025. The same applies to

SVHC: As part of the double materiality analysis, it was

established that hazardous substances are released

during production. Examples include silica dust, silane,

diborane, sodium hydroxide, phosphine and solvents or

acids. This release in the upstream supply chain has a

significant negative impact on the environment and potentially

on the workers who come into direct contact

with it. These substances can lead to air, water and soil

pollution, which not only damages local ecosystems,

but also poses long-term health risks to people in the

environment.

As part of the double materiality analysis, it was also determined

that IBC SOLAR AG’s business activities offer

opportunities for the environment, as the purchase of

the products offered provides customers with access

to a clean energy supply. Replacing conventional

energy sources with renewables reduces emissions of

pollutants and greenhouse gases that contribute to air,

water and soil pollution and ultimately affect the health

of ecosystems and the quality of food resources.

The use of already contaminated areas for the construction

of open space PV systems or the integrated

installation of solar modules on the roofs of houses also

offer an opportunity for the environmentally friendly

use of photovoltaics. These options allow for efficient

land use by revitalising uncultivated or otherwise compromised

land or by using existing structures without

taking up additional land.

There have been no business expenditures due to major

environmental pollution incidents at IBC SOLAR AG

to date, and no negative impacts on cash flows or the

financial and earnings position are to be expected.



Biodiversity and

ecosystems

With its vision of energy self-sufficiency and zero emissions through

easy access to an infinite supply of energy from the sun, IBC SOLAR

AG supports biodiversity and ecosystems. When constructing open

space photovoltaic systems, IBC SOLAR AG works closely with

→ Naturschutzbund Deutschland e. V. (NABU) as well as with the

respective local or regional nature conservation authorities. This

largely prevents a potential threat to protected animal species.

Habitats for flora and fauna will be maintained or created on the

completed open space photovoltaic systems.

So far, no mitigating measures were required in connection with the

construction of open space PV systems in biodiversity-sensitive

areas. The administrative and logistics locations of IBC SOLAR AG

itself are not located in or near biodiversity-sensitive areas.



Significant impacts, risks and

opportunities

The → double materiality analysis was used to determine

the material impacts, risks, dependencies and

opportunities, which also looked at the direct upstream

and downstream value chain. Three positive impacts

on biodiversity and ecosystems were identified: Solar

panels can be installed on areas already in use, such

as the roofs of buildings or in contaminated locations,

minimising the need for new land for energy production

and avoiding the destruction of natural habitats.

At the same time, the lower emissions of pollutants

and greenhouse gases from solar energy production

reduce pollution in the air, water and soil. This improves

living conditions for many species and thus contributes

to the conservation of biodiversity.

These measures help to reduce the pressure on wild

species and improve their survival opportunities by

minimising the destruction of their habitats and conserving

biodiversity.

These systems can become refuges for local biodiversity

through the conscious design and administration of

photovoltaic systems as habitats for various plant and

animal species. The integration of natural areas under

and between the solar modules enables these sites not

only to serve as sources of energy, but also to function

as valuable habitats that contribute to the preservation

and recovery of populations of endangered and

non-endangered species.

Actual positive impact (VC, OO):

Significant improvement in land use and pollution


Use of already contaminated areas or integrated

application options such as house roofs


Preservation of habitats for flora and fauna

Installing solar modules on already affected or anthropogenically

used areas avoids the need to convert

additional natural ecosystems for energy production

facilities, reducing habitat loss and fragmentation.

To reduce air pollution along the purchasing and sales

logistics chains, alternative transport options for all

transport modes are to be examined, and a feasibility

study and an economic analysis are to be carried out

for the procurement of photovoltaic modules with

higher recycling ratios.



Policies

Measures

IBC SOLAR AG has no specific biodiversity and ecosystem

strategy. The materiality analysis shows that the

company primarily has a positive impact in this regard.

To prevent negative impacts, all laws and regulations are

complied with in the project business. This approach is

also reinforced by parts of the → Mission statement,

→ Corporate Policy as well as the → Vision and

mission.

To promote biodiversity and strengthen ecosystems in

connection with the construction of open space photovoltaic

systems, IBC SOLAR AG implements various measures

that are compiled on a project-specific basis and in

compliance with laws, regulations and customer-specific

requirements. Examples include:

• Planting the legally required seeds, plants, grasses,

flowers, etc. and proper maintenance

• Creating compensation areas due to possible surface

seals on the project land

• Installation of agri-photovoltaic systems at the

customer’s request (systems on or under which

vegetables or oats can be grown, for example)

• Creation of corridors in the facility to protect

animal passes

• Creation of piles of stones, for example for

poikilthermic animals, such as lizards

• Observation of incubation periods and introduction

of deterrents to comply with appropriate

requirements in order not to affect the animal

species concerned

The systems therefore always aim to preserve, advance

and not adversely affect biodiversity and habitats

through measures taken beforehand. The financial

costs vary depending on the location of the plant,

for example as direct costs for

• the design or construction of drainage systems

or drains due to possible flooding,

• special seeds and plant material required by

the conservation authorities,

• the protection of biodiversity during the construction

phase (reptile fencing, deterrents or others),

or

• the additional material expenditure due to

agri-photovoltaics.



Objectives

As part of the double materiality analysis, only three

positive impacts were identified, which means that IBC

SOLAR AG does not fall under the hierarchy of remedial

measures. Therefore, biodiversity and ecosystem

targets are only of a qualitative nature and are not

expressly considered in the current ESRS sustainability

strategy. The protection and conservation of the environment

and thus also of biodiversity and ecosystems

has been an integral part of the → Corporate Policy,

→ Mission Statement, and the → Declaration of

Principles of IBC SOLAR. IBC SOLAR AG is undergoing

a continuous improvement process in accordance

with the integrated management system

(9001/45001/14001).

In line with our commitment to protect ecosystems and

preserve biodiversity, one of the goals of our project

business in Germany is, above all, to cooperate with

→ Naturschutzbund Deutschland e. V. (NABU) and the

corresponding local or regional nature conservation

authority as early as possible. In addition, the land

on which the facilities have been installed should be

planted sensibly; the use of mowers should be avoided

as far as possible for the upkeep of green areas, leaving

them instead as pastures for sheep, for example.



Resources and

circular economy

Solar panels are very durable products, they can be used for up

to three decades to generate electricity using the power of the

sun. Even after this time, they continue to produce energy, albeit

to a lesser extent. Because the modules last so long, there is little

pressure to recycle old panels on a large scale today. On the other

hand, resources from countries with social conflict potential are

used in the production of the modules. Procurement practices are

correspondingly difficult in regard to workers' rights and human

rights. In a functioning circular economy, IBC SOLAR AG sees an

opportunity in the future to reduce raw material consumption, on

the one hand, and to positively influence procurement, on the

other.



Significant impacts, risks and

opportunities

The material impacts, risks and opportunities

were identified in the area of resources and the

circular economy with the → double materiality

analysis. In this context, negative impacts were

identified: A strong demand for raw materials such

as sand, metal and plastic in the manufacture of

the products has a negative impact on the circular

economy due to the increased extraction of natural

resources. This intensive use of non-renewable

resources conflicts with the principles of the

circular economy, which aims to minimise waste

and maximise the reuse and recycling of materials.

Reliance on such materials can also make it difficult

to develop and implement efficient recycling

and reuse processes.

Reliance on resources from regions with high

social conflict potential, which are needed to

manufacture a company's own products, is prevalent

throughout the photovoltaic industry. This

reliance hampers a company's ability to ensure

ethical sourcing practices because workers' rights

and human rights are often difficult to safeguard.

This makes it difficult to implement sustainable

and responsible production cycles. Reliance of

the photovoltaic industry on ecologically hazardous

resources such as tin, tantalum or cobalt not

only increases the risk of environmental and social

impacts in mining and procurement, but can also

lead to volatile cost structures due to the uncertainties

of the countries of origin, which challenge

the economic viability of recycling and sustainable

material cycles.

The recycling process for certain components,

such as old modules or storage systems, is technically

complex and not yet fully mature because

certain materials cannot yet be recycled. As a

result, valuable resources are wasted, which leads

to an accumulation of waste. These practices

conflict with the principles of the circular economy,

which aims to close product life cycles and

minimise waste by efficiently recycling and reusing

materials. On the other hand, the amount of PV

modules that are disposed of in Germany today

is small because the modules have a shelf life of

around 30 years.

The recycling process of own products is technically

challenging and costly. This is due to the

complexity of the materials contained in solar

modules and the need for specialised technologies

to separate and recycle the materials. This

drives up recycling costs. This can affect financial

sustainability and limit the possibility of implementing

long-term environmentally-friendly solutions.

Stricter environmental requirements and the

need to dispose of end-of-life solar technologies

in an environmentally-friendly manner can lead

to considerable financial burdens in this context.

Among other things, these potential cost increases

threaten the profitability of solar projects.



Opportunities were also identified: Replacing

finite resources with renewables helps reduce reliance

on fossil fuels, promotes sustainable energy

production and advances the development of a

regenerative economic system to minimise waste

and maximise the efficient use of natural resources,

thus contributing to a circular economy. By

being a member of a cross-manufacturer recycling

system, IBC SOLAR AG can have a positive

impact on the waste and circular economy by

contributing to reducing e-waste. These systems

make it possible to effectively collect end-of-life

solar modules and storage systems and to recycle

the materials contained in them for manufacturing

new products.


High demand for material for raw materials


Strong reliance on resources from regions

with high social conflict potential

Risk (VC):

Strong reliance firstly on environmentally

hazardous resources (to some extent conflict

minerals) and secondly on resources in high

demand and potential price increases

Risk (OO, VC):

technically challenging and cost-intensive

recycling process

Risk (OO, VC):

Possible cost increase due to disposal or

regulations in this context

Actual negative impact (OO, VC):

Disposal of old modules, storage systems and

recycling not yet fully matured

Opportunity (VC, OO):

Replacing finite resources with renewables

Actual positive impact (OO, VC):

Reduction of e-waste through membership

in cross-manufacturer recycling system

97 %

of raw materials in

modules can be reused



Policies

Measures

To ensure that the extension of solar energy

can contribute to mitigating the climate crisis,

the pace of expansion must be increased. This

is accompanied by a high demand and a strong

reliance on critical raw materials. This creates a lot

of pressure along the entire value chain, as supply

difficulties and material shortages can slow down

the energy transition.

To reduce the need for and reliance on materials

and raw materials, the potentials of the circular

economy can be exploited and resource inflows

and outflows, usage phases and waste can be

streamlined accordingly. IBC SOLAR AG therefore

pays attention to the origin and composition of

the goods and at the same time tries to increase

the service life of the components, the recycling

rate and the possibilities for reuse. At the same

time, new, ecologically improved materials and

goods are tested to reduce the negative impacts

throughout the value chain. This also applies to

CO2 emissions. The levers to be used in the circular

economy are resource inflows, resource use

and resource outflows.

IBC SOLAR AG is continuously trying to reduce

their own resource consumption. To this end, our

company also engages with its main suppliers

and industry associations to promote the use of

recycled and reusable materials, particularly those

with a high environmental impact. In practice, the

reusability of photovoltaic modules is tested by a

partner and in the downstream procedures.

The availability of goods and packaging with

optimised resource consumption is continuously

monitored by employees, and measures

are taken to extend the use phases of systems.

This is true in particular to photovoltaic modules:

The aim here is to maximise reusability. For

the other key components, such as inverters or

storage systems, IBC SOLAR AG offers the options

of repair, overhaul and reuse, i.e. measures

that are central leverages for extending the

service life of photovoltaic systems.

In April 2024, the following measures were defined for I

BC SOLAR AG as part of their ESRS sustainability strategy:

• Development of a circular economy management

approach including fields of action, responsibilities,

objectives, monitoring and evaluation options This

management approach will be part of the sustainability

management to be implemented.

• Improving the recyclability of modules At the purchasing

level, the company is constantly on the lookout for modules

that allow for improved recyclability (ecodesign). IBC SOLAR

AG relies on the innovative strength of the manufacturers.

Currently, the focus is on absolutely tight sealing of modules

to avoid damage caused by water ingress. However, this

makes it more difficult to separate the materials used in the

recycling process.

• Repair and maintenance service for PV systems The

life-prolonging maintenance of systems is already part of

IBC SOLAR AG’s portfolio. In addition, the company also

carries out minor repairs.

• Incoming goods packaging as filling material IBC SOLAR

AG plans to review if the incoming goods packaging can

be reused as filling material to an even greater extent than

before.



Objectives

Resource inflow

A management approach is to be developed in this

regard by the year 2025. It should also include resource

policies to increase resource efficiency in

inflows, use and outflows of resources. This objective is

to be realised as part of the sustainability management

implemented at IBC SOLAR AG. Another goal is to test

potential second-life applications for energy storage

systems. However, the photovoltaic industry is not yet

as advanced in this regard as the automotive industry,

for example. The capacity of modules in the residential

sector has already increased considerably in recent

years. Moreover, the suppliers are engaged in projects

to increase the modules’ capacity even further.

The widespread demand of the photovoltaic industry

for raw materials such as sand, metals and plastics for

production purposes has a significant adverse impact

on the principles of the circular economy. The intensive

extraction of these natural resources is in conflict with

the objective of minimising material waste and maximising

the reuse and recycling of materials. In the final

instance, it thwarts the development and implementation

of effective recycling and reuse strategies. In addition,

the photovoltaic industry is heavily dependent

on raw materials from geopolitically unstable regions,

which makes ethical sourcing rather difficult in practice.

Workers' rights and human rights are often difficult to

enforce in these regions, which affects the sustainability

and responsibility of production processes.

However, there are also opportunities, as the transition

to renewable resources in production and in the

upstream value chain reduces reliance on fossil fuels,

promotes sustainable energy production and supports

the development of a regenerative economic system.

This contributes to a circular economy that aims to

maximise the efficient use of natural resources and to

minimise waste.

This gives rise to associated risks: Reliance on environmentally

problematic and highly sought-after resources,

including conflict minerals such as tin, tantalum and

cobalt, poses problems for both the environment and

social conditions in the mining areas. In addition, uncertainties

in the countries of origin lead to volatile cost

structures that challenge the profitability of recycling

measures and sustainable material cycles.

33,434.24 t

Photovoltaic modules were

registered for recycling in 2023



Resource outflow

IBC SOLAR AG ensures that materials can be recovered

and recycled wherever possible at the end of their

service life. For example, all modules on the German

market are disposed of and recycled in accordance

with the → WEEE Directive (Waste of Electrical and

Electronic Equipment). Packaging materials and household

waste are also recycled wherever possible.

In waste prevention, the company works to reduce the

share of materials and goods that cannot be recycled

to a minimum. All remaining waste is disposed of professionally

in accordance with regulations. To promote

and support the circular economy and waste management,

IBC SOLAR AG will develop a resource management

policy that covers all activities and locations.

Solar modules are classified as electrical devices

that must be treated in accordance with the German

Electrical and Electronic Equipment Act (ElektroG) and

the WEEE Directive. Devices received for recycling at

a primary treatment facility must first be checked for

functionality. Instead of recycling them, still functional

modules must prepared for second use if they meet

certain technical and safety-relevant criteria. Many of

the photovoltaic systems still have around 80% of their

original efficiency. Therefore, between 10% and 50%

of the modules that end up in a recycling yard or are

sorted out directly in the solar park are not unusable,

but embark on their 'second life'.

IBC SOLAR AG participates in the reuse, treatment and

recycling of old equipment as part of the take-back

system and reports the quantity of equipment placed

on the market to the → Stiftung ear (register for waste

electric and electronic equipment) on a monthly basis

as part of a quantity report. In 2023, 33,434.24 t of photovoltaic

modules were registered for recycling, and for

which the company assumed the corresponding recycling

obligations and thus participated in the recycling

process. IBC SOLAR AG contributes to recycling both

for the products it has sold and for the products that

have returned for recycling.

Registrations

IBC SOLAR AG is registered with → Stiftung ear:

WEEE registration number DE 55734541

IBC SOLAR AG is registered with → Stiftung ear under the

German Battery Act (BatterieG): Battery Act registration

number DE 36772950

IBC SOLAR AG is registered as a manufacturer of packaging

filled with goods with → Stiftung Zentrale Stelle Verpackungsregister

(LUCID): Registration number for packaging:

DE 2732361250284

(Registration covers packaging without mandatory system

participation, i.e. packaging that is not typically generated as

waste by private end consumers after use, for example transport

packaging)



The recyclability of the individual components of a

photovoltaic system varies. The mounting systems

consisting of base rails, supports and clamps as well

as the connecting parts made of aluminium have a

theoretical service life of around 400 years. This extends

far beyond the useful life of a system. In addition,

the aluminium used is fully recyclable. The recycled

material used accounts on average for 80%, with some

manufacturers even for 100% of the product. In general,

it is possible to use 100% recycled material, but there

is currently not enough scrap material available on the

market. This is due to the fact that steel is increasingly

replaced by aluminium.

The service life of the roof hooks made of stainless

steel or galvanised steel is at least 30 years, i.e. the normal

service life of a system. Recycling is also possible

in this respect, but an important prerequisite is that the

material composition of the combined scrap is known

and that it can be sorted properly. This requires a great

deal of effort. For this reason, producers mainly rely on

downcycling in this regard, meaning that the next lower

alloy quality is produced in recycling.

Today, PV modules have a shelf life of up to 30 years.

The modules will continue to function after this period,

but at a reduced capacity. Up to 97% of the raw materials

in modules can be reused. Aluminium and copper

are particularly suitable for recycling. However, the

high-purity solar glass cannot be reused as solar glass

due to the required purity. Until now, regulations have

required recycling of the coarse components such as

glass and frames. Science is working on new methods

that can effectively recycle all other materials as well,

such as the tightly welded material compounds that

prevent water ingress.

Inverters have a significantly shorter service life

– between 10 and 20 years. In 80 to 90% of all cases,

inverter are replaced in the event of a defect. The

old devices are usually returned to the manufacturer.

Back at the manufacturer's, they are reconditioned or

'stripped' to reuse the inverter components and thus

produce functional replacement devices for warranty

cases. Once an inverter can no longer be reworked or

overhauled, it passes to recycling. More than 50% of

its weight is made from ferrous metals and copper, i.e.

materials that can be recycled back into the resource

cycle.

The energy storage systems, too, have a service life of

between 10 and 20 years. Longer runtimes are quite

realistic, but lithium-ion storage systems have not yet

been on the market for so long as to be able to make

precise statements here. Lithium secondary batteries,

so-called rechargeable lithium-ion or lithium polymer

batteries, are also metallurgically recycled. In this case,

the complete batteries are melted down, creating an alloy

of cobalt, nickel and copper. This alloy must be fired

up to allow for the separate recycling of the individual

components. However, lithium cannot yet be recovered

in this process. Procedures for the recovery of lithium

are currently being developed. According to recycling

companies, there is currently an insufficient flow of

storage systems being returned to allow for a profitable

recycling process.



Own workforce

The interests and views of the stakeholders regarding their own workforce

were collected as part of the → double materiality analysis.

To this end, the interests of IBC SOLAR AG employees are determined

every two years as part of regular employee surveys. There is also an

internal suggestions portal for ideas or suggestions for improvement.

All employees can access the whistleblower channel via the intranet

via a neutral law firm.

IBC SOLAR AG stands for a just energy transition and is, therefore,

committed to dignified labour relations in the solar industry. In concrete

terms, this means fair wages, a safe workplace, protected working

conditions and an atmosphere in which employees can freely express

their concerns. These considerations have been firmly anchored in the

→ Corporate policy for years.





IBC SOLAR AG’s own employees work primarily in

administration and logistics, as well as to some extent in

the maintenance of systems. Impairments that typically

occur in production are therefore excluded. In the

context of the double materiality analysis for the own

workforce, only one negative impact has been identified

because psychological and physical stresses can

occur at the workplace, which need to be controlled

and minimised. At the same time, ensuring the health,

satisfaction and productivity of employees is an opportunity

for the company, as advancing good working

conditions, equal treatment and equal opportunities

within its own workforce significantly contribute to the

health of employees, increase their satisfaction and

strengthen productivity.

These measures not only improve the well-being of

employees, but also create a motivating workplace

where work is performed efficiently.

Actual negative impact (OO):

Impairment of health and quality of life due to

working conditions and, where applicable,

any gaps in health management that may arise

Opportunity (OO):

Ensuring employee health, satisfaction and

productivity

Actual positive impact (OO):

Promoting the quality of life of employees

through good and safe employer benefits

IBC SOLAR AG has been implementing a

certified occupational health and safety

management system (ISO 45001) since


2012

Increase satisfaction through commitment

to gender equality


Promoting employees’ personal development

opportunities



Policies

Advancing the use of solar energy through commerce

and the operation of solar systems affects the lives of

many people – including those of IBC SOLAR AG employees.

The company strives to respect the rights of

employees and minimise risks – regardless of whether

they are immediate employees, staff deployed by a

temporary employment agency or freelancers. IBC

SOLAR AG’s own employees work primarily at German

locations in administration and logistics, as well as

partly in the maintenance of systems. Ensuring good

and safe jobs, including adequate wages, comprehensive

healthcare and safe working conditions, makes

a significant contribution to promoting the quality of

life of employees. These measures not only contribute

to strengthening physical and mental well-being and

employee satisfaction, but also create a motivational

working environment and ensure the success of the

company. In pursuit of these objectives, the company

has implemented a certified occupational health and

safety management system (→ ISO 45001 ) and an

environmental protection management system (→ ISO

14001). Violations of human rights, human trafficking,

forced labour and child labour are prohibited under

German law.

This report for the 2023 financial year only relates to

IBC SOLAR AG with its registered office in Bad Staffelstein,

Germany. Accordingly, all German legal requirements

and social standards are complied with. Consequently,

explicit preventive measures against forced

labour or child labour are not required. IBC SOLAR AG

has been a member of the → United Nations Global

Compact since 2017 and is committed to complying

with the → Ten UN principles. As COO, Stefan Horstmann

also serves as the company's Human Rights

Officer. For years, IBC SOLAR AG has been based on

→ Defined values and a → Corporate Policy that also

takes into account the interests of employees, working

conditions and the environment. The company’s

→ Code of Conduct applies to all employees.

The interests of IBC SOLAR AG employees are regularly

surveyed in employee surveys, and there is an internal

suggestions portal and a whistleblower channel. Prior

to the employee meetings, which take place at least

twice a year, employees are able to submit anonymous

questions that will be answered during the meeting.

Employees also have access to many benefits via the

Benefits Portal.

The only negative impact identified in the double materiality

analysis is a possible impact on health and quality

of life due to working conditions and potential gaps in

health management. As with any form of work, there is

actually a certain amount of stress. IBC SOLAR AG has

long strived to reduce the level of stress to an absolute

minimum.

For example, the company operates based on a management

system for occupational health and safety

(→ ISO 45001) as well as occupational health management.

Accordingly, any deficiencies or problems

identified flow into action plans and are documented

and processed. The internal suggestion portal can be

used to report defects or problems. These messages

are channelled accordingly; if necessary, questions

are asked and forwarded to the Management Board

accordingly. In addition, there is the reporting platform

already mentioned under the German Whistleblower

Protection Act (HinSchG). The employees were

informed about its establishment on the intranet. The

reporting platform was referred to again at the annual

kick-off event in 2024 February.



Measures

Objectives

IBC SOLAR AG has been certified according to

→ ISO 45001 since 2012. In line with German

legislation, the company has appointed a safety

specialist and a company doctor. They conduct

regular inspections at all IBC SOLAR AG locations.

There are also three in-house safety officers.

Occupational safety committee meetings are held

regularly. In addition, there is a certified occupational

health management system with regular

offers for promoting employees’ health. The Plan-

Do-Check-Act cycle is also used for optimisation

in this area of IBC SOLAR AG.

In addition, IBC SOLAR AG pays great attention

to employee satisfaction and productivity. For

example, employees have access to many benefits

via the Benefits Portal, and flexible working time

models help employees to improve their work-life

balance. A safe workplace and adequate wages

offered by the company enhance the quality of

life of employees. This also has an impact on the

motivation of our employees.

Establishing gender equality and equal opportunities

in all respects also contributes to increasing

employee satisfaction. Gender equality and equal

opportunities are reflected and anchored in the

→ Corporate Policy and the → Code of Conduct

as well as in our corporate values.

IBC SOLAR AG promotes and advances opportunities

for personal development opportunities.

For example, each department has its own training

budget. Employees are actively shown opportunities

for further development. Furthermore, at

IBC SOLAR AG, equal treatment and equal opportunities

form part of our day-to-day business. Last

but not least, the protection of personal data is a

top priority.

IBC SOLAR AG has not yet issued firmly defined objectives

in accordance with ESR standards. However,

corresponding objectives relating to the ideal management

of the identified essential issues are currently

being developed.



Total number and type of employment

Gender distribution by number at top management level

Staff turnover in the reporting period

Total 428

of which permanent employees 425

of which temporary employees 2

Total number of people at top management level 8

Male 7

Female 1

6 %

of which employees without guaranteed working hours 1

Total number of employees who left the company during

the reporting period

26

Collective bargaining coverage and social dialogue

Comparison between employees

and non-employees

None of the employees of IBC SOLAR AG are bound by a collective bargaining agreement,

which has so far been rejected by the employees.

Gender distribution at top management level

Male 87.5%

Percentage of employees who participated in regular performance and career

reviews

Male 100%

425

employees

3

non-employees

Female 12.%

Female 100%

Explanation: As at 31 December 2023, two temporary

employees in Logistics and one freelance employee were

employed as project managers in the project house. The

figures are headcount figures as at 31 December 2023

relating to the company’s own workforce.



Share of employees with disabilities by gender

Persons covered for purposes of health and safety 100 %

Distribution of employees by age group

Male 2%

Female 1%

Explanation: Percentage of the workforce covered by the company’s health and safety management

system based on legal requirements and/or recognised standards or guidelines.

20 %

below 30 years old

Adequate wages and social protection

Training and skills development for employees

The report for 2023 refers to IBC SOLAR AG with its headquarters in Germany. Due to

legal requirements, all employees receive at least the applicable minimum wage.

Remuneration for all occupational groups is always fair and appropriate. In addition, the

company complies with all statutory regulations on social benefits. Additional benefits,

such as in the event of incapacity for work, occupational accidents or parental leave, are

granted by individual agreement.

Gender pay gap 17 %

All new employees of IBC SOLAR AG receive basic photovoltaics training, which also

serves to identify with the company and the entire industry. Depending on the area of

responsibility, there are different training courses and courses available, such as

telephone training, presentation training or Excel and ELO training courses.

Professional training has not been systematically recorded so far, because this type of

training has been organised at the department level. In some cases, employees do not

wish for any financial contribution on the part of IBC SOLAR AG towards further training

courses for specialisms or business managers, for example.

24 %

over 50

56 %

30–50 years.

Explanation: Difference between the average income of female and male employees,

expressed as a percentage of the average income of male employees

Employees entitled to leave for family reasons 100 %



Occupational accidents and absences

Ratio of total annual remuneration 27%

Share of employees who took

leave for family reasons

Number of accidents at work 4

Explanation: Ratio of the highest paid individual to the median of the total annual remuneration of all

employees – excluding the highest paid individual.

Absences (due to injury/death) 161

Occupational accident rate 10

In the 2023 reporting year, there was not yet a consistent salary structure at IBC SOLAR AG. To this end, a

project is currently underway, which is scheduled to be completed in 2024. The gender pay gap has

grown over the years.

Coverage by Health and Safety Management 100%

Explanation: Employees and non-employees in the company's own workforce. Coverage by HSM:

Percentage of workforce covered by a health and safety management system based on legal requirements

and/or recognised standards or guidelines, which is subject to internal audits and/or audits or

certification by an external body.

A psychological risk assessment was carried out as part of the employee survey in November 2023.

4%

Male

2%

Female

Explanation: Share of eligible male or female employees

who took leave for family reasons.

All employees are equally entitled to take leave for family

reasons; there are no restrictions here. Working hours can

be adjusted individually depending on the specific family

situation. Naturally, employees are also entitled to leave for

family reasons in accordance with the relevant statutory

provisions.



Workers in the

value chain

The interests and positions of stakeholders in regard to the rights of

workers within the value chain concerning their own workforce were

collected as part of the → double materiality analysis. It should also

be noted that IBC SOLAR AG’s commitment to respecting human

rights, including the rights of employees, is reflected in the → Declaration

of Principles, the → Supplier Code and the → Corporate Policy,

which must be made available to and accepted by each supplier.





IBC SOLAR AG is committed to a fair energy transition

and, therefore, promotes decent working conditions

in the solar industry. This includes adequate wages,

safe workplaces, protected working environments,

and an open, transparent corporate culture that allows

employees to raise concerns without fear. The company

is aware that materials and raw materials that may

come from regions where there is a particularly high

risk of negative impact on workers' rights and human

rights are being used in the production of photovoltaic

systems and batteries. The objectives and steps taken

by IBC SOLAR AG have been developed in close

consultation with the stakeholders. As part of the

→ Materiality Analysis, employees were surveyed, as

they are in permanent and close contact with customers,

end customers and suppliers. Responsibility in this

area lies with the Management Board.

To date, the measures have not identified or reported

any cases of human rights violations at any of IBC

SOLAR AG’s suppliers. As from 2024, suppliers will

commit to complying with human rights and environmental

standards in their upstream supply chain as undertaken

by their acceptance of the → Supplier Code.

The following negative impacts were identified in the

context of the double materiality analysis: Reliance on

resources from regions with high social conflict potential

often has an adverse impact on the equal treatment

and equal opportunities of workers in the value chain,

as labour and human rights are often difficult to ensure

in these areas. The use of SVHCs in production, such

as silicon dust, poses specific health risks for workers

in the upstream value chain and affects their working

conditions, equal treatment and equal opportunities.

Exposure to these hazardous substances without

appropriate protective measures can lead to serious

health problems such as respiratory diseases, which

not only significantly reduce the well-being of the

affected workers, but also contribute to inequality in

the working environment by exposing certain groups to

a higher risk.

Any potential involvement in child and forced labour,

inadequate and negative working conditions, inadequate

housing, inadequate water and sanitation, and

data protection breaches lead to significant negative

impacts in the field of the human rights of workers

within the value chain. This can hardly be ruled out

in the photovoltaic industry. Incidents of this type are

regularly reported.

There is a risk of serious and far-reaching legal and reputational

consequences if labour relations in the supply

chain are not adequately and appropriately managed,

including in respect of safe employment, adequate

working hours and wages, social dialogue, freedom

of association, collective bargaining, etc. Negative

incidents in recent years have raised awareness in the

PV industry about these concerns. The photovoltaic

industry has become more sensitive to these issues

due to the negative events of recent years.

As part of IBC SOLAR AG’s double materiality analysis,

the fact that a → Supplier Code and self-disclosure

questionnaires were implemented, which aim to

minimise risks in the supply chain in accordance with

the German Supply Chain Due Diligence Act, was

identified as a positive effect. This supplemented the

supplier self-disclosure questionnaires used up to that

point and the required Corporate Social Responsibility

Statement. These initiatives contribute to advancing



sustainability and ethical standards. They support,

among other things, secure employment conditions,

adequate working hours and wages, social dialogue

and freedom of association along the value chain. Promoting

compliance with these standards throughout

the supply chain makes a significant contribution to improving

working conditions as well as equal treatment

and equal opportunities.


strong reliance on resources from regions with high

social conflict potential


Particular health risks to workers in the supply chain

from working with substances of (very) high concern

(SVHC), for example, inhalation of silicone dust

Potential impact (VC):

Serious curtailment of human rights, for example,

through child or forced labour

Risk (VC):

Serious and far-reaching legal and reputational

consequences of mismanagement of labour

relations in the supply chain

Actual positive impacts (VC):

Supplier Code and self-disclosure questionnaires

to minimise the risk of supply chain issues and

advance sustainability and ethical standards



Policies

Advancing the use solar energy through commerce

and the operation of solar systems affects the lives of

many people, including those working in the industry’s

supply operations. In order to promote fair business,

IBC SOLAR AG checks whether its direct suppliers

conduct their operations in accordance with local

laws and international standards for labour and human

rights. The company strives to always respect the rights

of employees and to address and minimise human

rights risks in the supply chain.

Procurement therefore focuses on the responsible

design of the supply chain. This also poses difficulties

for IBC SOLAR AG, as the delivery routes for behind

the purchased products, such as photovoltaic modules,

batteries and inverters, are long and complex, with little

to no transparency. IBC SOLAR AG’s strategy therefore

focuses on cooperation with direct suppliers and their

auditing. In the coming years, however, we do expect to

achieve transparency also at the deeper levels of the

value chain.

IBC SOLAR AG’s commitment to respecting human

rights, including the rights of employees, is reflected

in the Declaration of Principles and the Supplier Code,

which must be recognised by all suppliers from 2024.

Annual and/or ad hoc risk analyses are carried out, for

which the suppliers submit an annual supplier self-assessment.

In addition, successive ESG audits will be

introduced at photovoltaic module suppliers in 2024.

IBC SOLAR AG is committed to complying with the

→ principles of the United Nations Global Compact.

To ensure that the requirements for working conditions

in the supply chains are complied with, IBC SOLAR

AG has implemented comprehensive supply chain

management mechanisms that serve to protect human

rights. They ensure that workers in the value chain

have a workplace free from violence, health hazards,

harassment and discrimination. They also guarantee

employees the right to freedom of association and

collective bargaining and the payment of the legal

minimum wage – or at least a living wage – and prohibit

any form of forced or child labour, slavery and human

trafficking within the meaning of the → International

Labour Organisation (ILO).

If there is a concrete suspicion, IBC SOLAR AG carries

out an ESG audit and supports the implementation

of corrective action plans. Progress will be monitored

closely. In the event of human rights incidents in the

supply chain, the company has established an ad hoc

procedure, which subsequently means no additional

business with the respective supplier or a phase-out

if no improvement in the situation is evident based on

defined measures. IBC SOLAR AG has implemented

a → Whistleblower system that will also be available

to employees in the supply chain from 2024 to report

human rights violations.



Involvement of workers in the value

chain

IBC SOLAR AG is a commercial company and operates

none of its own production facilities. Actual negative

impacts can occur in the upstream value chain, but direct

discussions with production employees are usually

only possible to a limited extent. Strategic purchasing,

the divisional heads of Supply Chain Management and

Management, including the Human Rights Officer of

IBC SOLAR AG are therefore in regular contact with

the suppliers – also on site at the production sites. The

production visits are documented and there are guidelines

and visit reports.

Employees in the value chain can report complaints

or violations via the → Whistleblower system. Reports

can be submitted both personalised and anonymously

from 2024. → More about this in the chapter 'Corporate

Policy'

For the time being, ESG audits will be carried out more

intensively at photovoltaic module suppliers. In future,

certification according to → SA8000 will be mandatory

for them. Public sources are constantly monitored and

critical reporting is addressed promptly. Statements are

also requested from the suppliers concerned.

In addition to the annual risk analyses, suppliers with

high risk potential are also asked to complete a questionnaire

on the German Supply Chain Due Diligence

Act with questions on general, environmental protection,

social, governance and responsible supply chain

management. For this purpose, the designation of the

respective verification documents must also be specified;

alternatively, the corresponding document, such

as an ISO certification, a guideline or an action plan,

must be attached.

In 2023, Stefan Horstmann, COO of IBC SOLAR AG,

was appointed Human Rights Officer. It is supported by

several departments and is responsible for monitoring

the effectiveness of the mechanisms. IBC SOLAR AG is

not only a member of the → UN Global Compact, but

also a member of the → Solar Stewardship Initiative

(SSI). The company demands compliance with human

rights standards and refers to the → United Nations

Universal Declaration of Human Rights (UNHRC), the

→ International Labour Organisation (ILO) Declaration

on Fundamental Principles and Rights at Work, the

→ European Convention for the Protection of

Human Rights and Fundamental Freedoms (ECHR)

and recognised regional and national systems, that

exist to promote and protect human rights.



Procedures for mitigating adverse impacts

IBC SOLAR AG has decided to implement the German

Supply Chain Due Diligence Act preventively and

voluntarily. IBC SOLAR AG has defined its human rights

strategy in a → Declaration of Principles. This Declaration

of principles and the → Corporate Policy as well

as a corresponding → Supplier Code will be handed

out to suppliers as of 2024 and must be confirmed and

complied with by them. Together with the declaration

of principles, the Supplier Code sets out IBC SOLAR

AG’s expectations of its suppliers and the entire supply

chain. By signing, the supplier guarantees to comply

with the human rights and environmental requirements

and not to violate applicable laws and, furthermore, to

pass on the stipulated requirements along its supply

chain.

IBC SOLAR AG’s → whistleblower system provides

a web-based and confidential point of contact as a

communication channel. Concerns or indications of

possible violations – for example of human rights or

environmental due diligence obligations – can also

be raised anonymously. Complaints may be made

in written or oral form. Incoming information is processed

by a legal tech company as an independent,

professionally qualified body. The information is

forwarded in anonymised form to the responsible office

at IBC SOLAR AG for a decision on further action. The

→ Code of Conduct of IBC SOLAR AG states that whistleblowers

must not suffer any disadvantages. However,

disciplinary action cannot be ruled out if accusations

are made with malicious, defamatory intent, wilfully or

for personal gain, or if whistleblowers themselves have

breached applicable rules of conduct.

All reports and the respective investigations are reported

regularly to the management. Furthermore, a

Human Rights Officer has been appointed from within

the Management Board. Its tasks include monitoring

As of

and reviewing the processes to ensure compliance

with the LkSG and reporting to the Management Board

2024

on identified risks and remedial measures. This must

take place at least once a year.

the Supplier Code will be handed out

to suppliers and must be confirmed

and complied with by them



Measures

Five steps to minimise risks

The measures planned and to be implemented

in 2024 as part of the subject of 'Workers in the

value chain' at IBC SOLAR AG mainly include the

→ Declaration of Principles, the → Supplier Code,

the annual supplier update and the supplier questionnaire

for risk analysis.

Selection of suppliers

Onboarding/supplier approval 1

1

• Acceptance of corporate policies

• Signing of the Declaration of Principles

• Signing of the Supplier Code

• Supplier self-disclosure1

• Initial risk analysis

Supplier

The implementation of the Supplier Code and the

introduction of the risk analysis questionnaire aim

to minimise risks in the supply chain and contribute

to advancing sustainability and compliance

with ethical standards. They support, among other

things, secure employment conditions, adequate

working hours and wages, social dialogue and

freedom of association along the value chain.

Supporting compliance with these standards

throughout IBC SOLAR AG’s supply chain makes

a significant contribution to improving working

conditions, equal treatment and equal opportunities.

A monitoring system for regular evaluation of

requirements for suppliers will be implemented in

2024.

5

• Supplier visits

• ESG audit news monitoring

Phasing out due to non-compliance

Regular performance

review

and KPI tracking

Supplier

development

Declaration of

principles

evaluation

Supplier

classification

2

• Annual supplier update1

• Risk analysis: abstract and concrete

(annually)

3• Evaluation: low, medium, high risk

• Risk filter according to appropriateness,

if applicable

• Routine implementation of preventive

measures

4• Derivation of specific remedial measures

Onboarding

Supplier development

Offboarding

1

Mandatory SA8000 for all module suppliers as of 2025



Value chain risk assessment

Scope Abstract risk analysis Specific risk analysis

High risk

All suppliers of

direct and indirect

material

Country

risk

Commodity

group risk

ABC

analysis 1

Assessing

the risk

Medium risk

Evaluation of

high-risk suppliers

Low risk

High risk

Type of business activity

Medium risk

Expected severity of violation

Low risk

Expected extent of violation

Index-based

evaluation

Review and evaluation of

product groups

Irreversibility of violation

Ad hoc analysis based on, e.g.

• supplier evaluation

• supplier audit or

• complaint mechanisms

1

ABC analysis according to the German Inspection Ordinance (PVO) (80/15/ 5%) as an additional indicator, but without directly affecting the overall result of the abstract risk assessment



Overview of preventive measures

Several prevention measures have been embedded in the

most important steps of the procurement process:

Process step

Measures for risk prevention

Selection of suppliers

for the selection of all suppliers: financial review and embargo list screening (sanctions list)

Onboarding/supplier approval

accepted Supplier Code (formerly Social Responsibility agreement) for suppliers as part of onboarding

self-assessment of the company and verification of relevant certificates through supplier self-disclosure

valid SA8000 will be mandatory for all solar module manufacturers as of year 2025

Supplier evaluation

annual review/query of suppliers by means of the supplier update

Periodic performance verification

special supplier visits/audits for suppliers presenting an extreme risk (red result of risk assessment) in combination with

additional aspects such as high purchasing volume, supplier classification as a recommended supplier, red result in self-

assessment, invalid ISO 14004 certificate, previous audit results, etc.

Supplier development

publicly accessible general information on human rights policy and sustainability standards; are publicly accessible; regular

communication with suppliers

additional information and specific actions for suppliers based on the results of the supplier evaluation to address deficiencies



Overview of remedial actions

Suppliers are checked and supported depending on the level of risk. Suppliers

presenting an extreme risk will be specifically checked and assisted.

Measures to minimise risks

Low-risk suppliers Medium-risk suppliers High-risk suppliers

Verification of the supplier and the information provided, e.g. valid (ISO)

certificates

x x x

Notification of the evaluation results to the supplier x x x

Request missing or expired documents x x x

Regular media check (Google News Alerts)

x

Self-assessment of the company by means of questionnaire

according to the German Supply Chain Due Diligence Act (LkSG)

x

Visits to suppliers (x) x

ESG audit for specific suspected cases (x) x

Following up on and supporting corrective action plans (x) x

Ad hoc-incident procedure:

• no additional business

• Phase out, if none of the defined measures

lead to an improvement in the situation

x

& Ad hoc-cases

x

& Ad hoc-cases

x

& Ad hoc-cases



Supplier selection and supplier onboarding at

IBC SOLAR AG take place under the following

conditions:

• Acceptance of the corporate policies by the

supplier

• Signing of the Declaration of Principles by the

supplier

• Signing of the Supplier Code by the supplier

• Supplier's self-disclosure completed in full and

countersigned

The supplier's self-disclosure must contain

the following information:

• Company data and general information

• IBC SOLAR Corporate Policy

• IBC SOLAR Declaration of Principles

• IBC SOLAR Supplier Code

• Details of the ISO standards according to which

the respective manufacturing sites are certified

SA8000 certification for photovoltaic modules is desired

at IBC SOLAR AG for 2024 and will be mandatory

as of 2025. This requirement will be extended in future

to other products.

The following certificates and declarations must be

submitted in PDF format:

• Compliance with EU directives and regulations

(REACH, → RoHS, POP, conflict minerals, WEEE

Directive, the German Battery Act [BattG] and

Packaging Act [VerpackG]) and management

certificates

• Information on the German Supply Chain Due

Diligence Act with questions on general, environmental

protection, social issues, governance and

responsible supply chain management

For this purpose, the designation of the respective

verification documents must also be specified or the

document – e.g. the ISO certification, guidelines, action

plans – must be attached.

The use of SVHCs such as silicone poses particular

health risks for workers in the upstream value chain. It

affects working conditions, equal treatment and equal

opportunities. For this reason, IBC SOLAR AG checks

the certificates and declarations of its suppliers as

well as compliance with EU directives and regulations

during supplier selection and supplier onboarding as

part of the supplier self-disclosure. Suppliers included

in IBC SOLAR AG’s supplier portfolio are requested to

perform an annual supplier update.

As of 2025, the identification of Tier 2 and Tier 3

sub-suppliers for photovoltaic modules and batteries

will be expanded. The opportunities to exert influence

(e.g. through capacity building) in regard to high-risk

Tier 2 and Tier 3 suppliers, for example through mergers

or networks should also be examined.

Negative events in recent years have raised awareness

in the PV industry about these concerns. Corresponding

preventive and remedial measures have been

defined to counteract such incidents at an early stage.



Objectives

In a project with external support, IBC SOLAR AG

voluntarily and preventively elaborated the implementation

of the German Supply Chain Due Diligence Act

in 2023. Based on the → Declaration of principles, the

company defined a human rights strategy and developed

a → Supplier Code to oblige suppliers to comply

with the defined compliance standards – also in their

downstream supply chain. In 2024, supplier meetings,

supplier visits, risk analyses and supplier evaluations

are to be incorporated into the day-to-day work of the

company to strengthen this risk-based supply chain

management process.

Certification of suppliers according to → SA8000 has

already been highly appreciated and preferred in the

past as a foundation for durable and future-oriented

cooperation and as proof of compliance with human

rights and social standards at the workplace. To achieve

a permanent improvement of working conditions

within supply chains and a continuous improvement

of risk management and risk minimisation, certification

according to SA8000 will be become as a standard

requirement for photovoltaic module suppliers as of

2025.

The project companies and subsidiaries of IBC

SOLAR AG currently operate independently and usually

purchase independently. The Group’s merchandise

management system currently does not allow for any

comprehensive data evaluation. To provide a solid database

for this purpose in the future, processes must be

restructured and data management must be changed

and adapted accordingly. Accordingly, an overview of

the data situation at the internal project companies and

subsidiaries is to be prepared as of 2025.

Only if the entire supply chain – from raw material to

finished product – is trackable, it will be possible to

identify potential problems early on, to check compliance

with standards and ensure the introduction of

new standards. As part of future efforts and developments,

supply chains should not only be considered

in Tier 1, but indirect suppliers should also be included

in the consideration. For this reason, IBC SOLAR AG’s

supply chain mapping will be extended to the entire

supply chain by 2026.

Certification according to

SA8000

will become a standard requirement for

photovoltaic module suppliers as of 2025



Consumers and

end users

The purchasers of IBC SOLAR AG products are Premium Partners,

i.e. certified specialist companies and skilled craftsmen,

who are primarily active in the areas of electrical installation

and roofing. Nevertheless, of course, end users also benefit

from IBC SOLAR AG’s products because the company’s PV

systems provide them with environmentally-friendly and climate-friendly

electricity. Just like our Premium Partners, they

are thoroughly committed to quality and safety. Accordingly,

IBC SOLAR AG implements various measures to ensure the

quality of the products and to enable easy contact with the

purchasing companies and end users.





In the distribution business, IBC SOLAR AG’s customers

are Premium Partners, through whom the company

is in contact with end customers. Customer surveys

are carried out regularly. Through the Central Technical

Sales Support department, the company is also

in direct contact with the end customers in the event

of problems with the systems. As far as projects are

concerned, the company is in direct contact with the

customers concerned. The double materiality analysis

also assessed the impact of the business activity on

consumers and end users.

The following negative impacts were identified as part

of the → double materiality analysis: Poor product

quality, inadequate communication, or a lack of data

protection that compromises the safety of consumers

and end users can have serious legal and reputational

consequences. Negative events of this kind can not

only undermine customer confidence and lead to loss

of revenue, but also result in regulatory penalties that

will damage the business activities and public reputation

of IBC SOLAR AG in the long term.

The following positive effects were identified: Private

and commercial customers benefit from IBC SOLAR

AG’s product line. They are thus able to supply themselves

with energy autonomously and are thus independent

of market price fluctuations and supply structures.

This contributes to the democratisation of the energy

sector.

Risk (VC): Legal and reputational consequences

of poor product quality, insufficient communication

or lack of data protection

Actual positive impact (VC): Self-sufficient,

more democratic energy supply as a benefit for

customers

IBC SOLAR AG wants to

ensure a supply of energy that is

100 %

renewable and free of CO2 emission



Policies

The preservation and protection of our environment,

easy access to sustainable and reliable energy,

customer satisfaction and the health of our own

employees are the greatest concerns of IBC SOLAR

AG. The implementation of these requirements helps

to ensure the profitability and survival of the company.

With its activities, the company aims to help conserve

the Earth’s finite energy resources, overcome the risky

generation of electricity using nuclear energy and

make it possible for everyone to be supplied with 100%

renewable and carbon-free energy.

Our own understanding of quality and safety reflects

the expectations and demands that customers, who

are among the most important → stakeholders of IBC

SOLAR AG, place on our own products and services.

Through structured internal and external communication

channels, the qualification of our employees and

the company-wide focus on achieving our corporate

policy objectives, we aim to provide customers worldwide

with sustainable, individual and innovative energy

solutions.

IBC SOLAR AG delivers reliable, state-of-the-art solutions

to achieve this goal.

All laws affecting IBC SOLAR AG are observed. This applies

to the legal requirements relating to human rights

as well as to data protection. The company complies

with the EU General Data Protection Regulation (GDPR)

and has appointed an external data protection officer.

This makes it possible to manage and control the risk

identified in the materiality analysis for legal and reputational

consequences in the event of poor product

quality, communication or lack of data security. As far

as consumer interests are concerned, IBC SOLAR AG

complies with consumer protection regulations and

appropriate sales, marketing and information practices.

IBC SOLAR AG is committed to the → Ten principles of

the United Nations Global Compact initiative. Our own

→ Code of Conduct also covers the areas of consumer

interests and human rights. During the financial year,

none of the → UN Guiding Principles were violated.



Measures

Objectives

IBC SOLAR AG acts as a wholesaler and works exclusively

with certified specialist companies and skilled

craftsmen as Premium Partners from the electrical

installation and roofing sectors. Communication with

thesePremium Partners includes fixed contacts at IBC

SOLAR AG and in the sales force, regular newsletters,

training opportunities, PV Manager as a planning tool,

customer round tables, raffles and competitions, consultations,

visiting trade fairs, roadshows and meetings

to exchange experiences and point of views. At these

events, employees gather feedback from Premium

Partners, but also from end customers.

IBC SOLAR AG has established procedures and/or

channels, which consumers and end users can use to

raise concerns and which allow the company to remedy

resulting negative impacts. This includes the Central

Technical Sales Support service department. This

department is a means for Premium Partners and end

customers to contact us by phone or email if they have

any questions about their photovoltaic system. If necessary,

problems or errors are also corrected on site.

Each request is created and tracked in the system. If

necessary, for example, an inverter manufacturer will be

contacted in connection with any applicable warranty

services. Requests are processed via a ticket system.

To this end, an internal whistleblower channel is in

place at IBC SOLAR AG since November 2023, which is

operated by a legal tech company as an independent

and professionally qualified body. This channel is to be

added to the website in the second half of 2024. This

channel will then be open also to suppliers, customers

and end users.

For the fiscal year 2023, there are no known consumer

and/or end-user complaints. For the risk identified in

the materiality analysis under the heading of 'Legal and

reputational consequences in the event of inadequate

quality of products/communication or lack of

data protection', IBC SOLAR AG does not have any

separate action plans, but all products are subject to

constant quality controls. The company complies with

all applicable legal and data protection regulations in

this respect.

Measures have already been implemented for the

only risk identified in the → double materiality analysis

under the heading of 'Legal and reputational consequences

in the event of poor quality of products/communication

or lack of data protection'. IBC SOLAR AG

has not yet set any sustainability targets for consumers

and end users. These will be defined during 2024 as

part of the implementation of sustainability management.

IBC SOLAR aims to implement

climate management by

2025



Corporate policies

IBC SOLAR AG’s corporate policies have a significant impact on

corporate culture. This is especially true of the people working at

our company and the partners with whom our company collaborates.

Corporate policies are primarily compiled in two documents:

→ 'Corporate Policies' and the → 'Code of Conduct'. For

this purpose, the → 'Supplier Code of Conduct' and the 'Principle

Statement on the German Supply Chain Due Diligence Act (LkSG)'

must be mentioned. Membership of the → United Nations Global

Compact with its ten principles is another important component

of corporate policy and corruption prevention. To combat possible

extortion and bribery, IBC SOLAR AG has set up a whistleblower

channel.



Significant impacts, risks and opportunities

A → double materiality analysis was performed to

determine the significant impacts, risks, dependencies

and opportunities at IBC SOLAR AG. Upstream and

downstream value chains were also taken into account

in this regard.

No negative impacts were identified in this regard in

the double materiality analysis. Positive impacts include

the following: The excellent corporate culture of

IBC SOLAR AG influences employees and stakeholders

in a positive sense, as it has a significant impact on the

motivation and satisfaction of employees as well as on

the perception and commitment of stakeholders. Promoting

values creates a working environment that not

only enhances employee well-being and productivity,

but also fosters trust and loyalty among customers,

suppliers and the wider public.

Effective management of IBC SOLAR AG’s relationships

with its suppliers, including fair payment practices,

has a positive impact on the entire supply chain. By

establishing transparent, fair and reliable business

practices, our company not only promotes sustainable

and ethical sourcing processes, but also contributes to

financial stability and mutual trust between business

partners.

Combatting corruption and bribery is a hallmark of

responsible entrepreneurship that promotes transparency

and builds trust – internally and externally.

The same applies to the disclosure of illegal activities

(Whistleblower Act), which also strengthens internal

company integrity and ethics and promotes a business

environment in which fair competitive conditions

prevail.


Positive impact on employees and stakeholders

through positive corporate culture


Responsible entrepreneurship by promoting

transparency and disclosure of illegal activities

(Whistleblower Act and prevention of corruption)

Potential positive impact (VC, OO):

Potential for positive impact through meaningful

supply chain management

Protecting whistleblowers in the event of illegal acts

– see also the German Whisleblower Act (HinSchG) – is

a mirror of responsible entrepreneurship that promotes

transparency and creates an atmosphere of trust within

the company, in which employees are encouraged to

report misconduct without fear of retaliation.



Policies

As part of the → double materiality analysis,

corporate policies were also assessed to be

material.

Corporate policies

1

2

Ethics/moral considerations:

We respect people, the environment

and nature – without exception.

Honesty:

Behaving honestly and with integrity

towards everyone is a matter of

course for us.

Our corporate policies are primarily based

on two essential documents: → Corporate

Policies and the → Code of Conduct.

Corporate Policies cover the following six

areas:

4

5 societal

Accountability:

We take responsibility for the environment,

employees and customer

satisfaction.

Humanity:

We are convinced that social and

commitment pays off.

The aspect of corporate policy area is also reinforced

by the company's own Mission statement 'Vision and

mission' and the system of values of IBC SOLAR. To

this end, IBC SOLAR AG is a member of the United

Nations Global Compact and is therefore committed

to complying with the ten principles. This also includes

preventing corruption – including combatting extortion

and bribery. In this context, the aforementioned internal

whistleblower channel was implemented in November

2023. However, there are currently no business areas of

the company that are particularly vulnerable to corruption

and bribery.

IBC SOLAR AG has no works council because employees

have not requested the creation of such structures

to date. IBC SOLAR AG maintains open communication

with its employees. Employee meetings are held at least

twice a year to inform them about business developments,

new projects, business areas and other matters.

Questions of any kind can be submitted in advance via

post boxes.

IBC SOLAR AG offers its employees flexible working

hours, recorded by an electronic system. Accrued

overtime can be reduced again quickly, and there is no

need for shift work. Creating a good work-life balance is

of great importance and working time models to match

can be adapted to the individual family situation of our

employees. The company offers employees many benefits

via a benefit portal. In addition, for example, costs for

a kindergarten place will be covered on a pro rata basis,

and employees will receive a private pension subsidy

after the end of the probationary period. IBC SOLAR

AG is certified according to → ISO 45001; likewise, the

company's health management system is also certified.

3

Quality and safety:

People and the environment, products

and benefits – we can only

achieve best results when we work

together.

6

and

Excellence:

We always strive extraordinarily to be

remain an excellent company.



Supplier relationship management

Corruption and bribery

IBC SOLAR AG’s supplier relationship management

is based on the → General Terms and Conditions of

Purchase, the → Supplier Code of Conduct and the

→ Declaration of principles on the German Supply

Chain Due Diligence Act (LkSG). The → Code of

Conduct of IBC SOLAR AG describes the company’s

basic understanding of responsible corporate governance.

Eleven sections explain important topics such

as environmental protection, working hours, harassment,

discrimination, bribery and codes of conduct.

IBC SOLAR AG also takes social and environmental

aspects into account when selecting suppliers. Various

documents are available for this purpose, such as the

'Guidelines for Supplier Visits/Production Visits' or the

'Questionnaire for Risk Analysis'.

In connection with the prevention of corruption and bribery,

IBC SOLAR AG applies the two-person-rule, as regulated in a

dedicated 'Signature Policy'. In addition, the company has set

up a whistleblowing channel (→ Measures to involve consumers

and end users). In this context, it should be noted that Lars

Degendorfer was appointed the company’s Compliance Officer

and Stefan Horstmann the Human Rights Officer. Sanctions list

checks via the ERP system, the → Code of Conduct and the

→ Supplier Code of Conduct also contribute to preventing

corruption.

The implementation of a compliance management system is

currently still in progress. Corresponding workshops with the

Management Board and managers have already taken place.

No incidents of corruption were reported during the reporting

period.

4

Work at IBC SOLAR AG follows the two-person rule



ESRS Index



General Standards

Page

ESRS 2

General disclosures

BP-1 General principles for preparing sustainability statements 22

BP-2 Disclosures in relation to specific circumstances 22

GOV-1 The role of the administrative, management and supervisory bodies 23

GOV-2 Information and sustainability aspects addressed by the company’s administrative, management and supervisory bodies 23

GOV-4 Due Diligence Statement 25

GOV-5 Risk management and internal controls over sustainability reporting 26

SBM-1 Strategy, business model and value chain 24

SBM-2 Interests and views of stakeholders 27

SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model 28

IRO-1 Description of the process to identify and assess material impacts, risks and opportunities 49

IRO-2 Disclosure requirements in ESRS covered by the undertaking’s sustainability statement. 91, 100



Environmental Standards

Page

ESRS E1 Climate change

E1-1 Transition plan for climate protection 39

ESRS 2 SBM-3 Material impacts, risks and opportunities and their interaction with strategy and business model 28, 40

ESRS 2 IRO-1 Description of the processes to identify and assess material climate-related impacts, risks and opportunities 40

E1-2 Policies related to climate change mitigation and adaptation 42

E1-3 Actions and resources in relation to climate policies 42

E1-4 Targets related to climate change mitigation and adaptation 43

E1-5 Energy consumption and mix 45

E1-6 Gross GHG emissions of Scopes 1, 2 and 3 and total GHG emissions 44

E1-9 Expected financial impacts of material physical and transitional risks and potential climate-related opportunities 45




Page

ESRS E2 Pollution

ESRS 2 IRO-1 Description of the processes to identify and assess material pollution-related impacts, risks and opportunities 49

E2-1 Policies related to pollution 50

E2-2 Action and resources related to pollution 50

E2-3 Targets related to pollution 51

E2-6 Anticipated financial effects from pollution-related impacts, risks and opportunities 51

ESRS E4

Biodiversity and ecosystems

E4-1 Transition plan and consideration of biodiversity and ecosystems in strategy and business model 52


ESRS 2 IRO-1 Description of processes to identify and assess material biodiversity and ecosystem-related impacts, risks and opportunities 53

E4-2 Policies related to biodiversity and ecosystems 54

E4-3 Actions and resources related to biodiversity and ecosystems 54

E4-4 Targets related to biodiversity and ecosystems 55




Page

ESRS E5

Resource use and circular economy

ESRS 2 IRO-1

Description of the procedures for identifying and assessing the material impacts, risks and opportunities related to resource use and circular

economy

32, 57

E5-1 Policies related to resource use and circular economy 59

E5-2 Measures and means related to resource use and circular economy 59

E5-3 Objectives related to resource use and circular economy 60

E5-4 Resource inflows 60

E5-5 Resource outflows 61



Social Standards

Page

ESRS S1

Own workforce

ESRS 2 SBM-2 Interests and views of stakeholders 63


S1-1 Policies related to own workforce 65

S1-2 Processes for engaging with own workers and workers' representatives about impacts 63, 65

S1-3 Procedures for addressing adverse impacts and channels through which members of a company's own workforce can raise concerns 65

S1-4 Taking action on material impacts on own workforce, and approaches to mitigating material risks and pursuing material opportunities related

to own workforce, and effectiveness of those actions

66

S1-5 Targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities 66

S1-6 Characteristics of the undertaking’s employees 67

S1-7 Characteristics of non-employee workers in the undertaking’s own workforce 67

S1-8 Collective bargaining coverage and social dialogue 67

S1-9 Diversity metrics 67

S1-10 Adequate wages 68

S1-11 Social protection 68

S1-12 Persons with disabilities 68



Social Standards

Page

ESRS S1

Own workforce

S1-13 Training and skills development metrics 67

S1-14 Health and safety metrics 68

S1-15 Work-life balance metrics 69

S1-16 Compensation metrics (pay gap and total compensation) 68

ESRS S2

Workers in the value chain


ESRS 2 SBM-3 Impacts, risks and opportunities and their interaction with strategy and business model 35, 71

S2-1 Policies related to workers in the value chain 73

S2-2 Processes for engaging with workers in the value chain about impacts 74

S2-3 Processes to remediate negative impacts and channels for value chain workers to raise concerns 75

S2-4 Taking action on material impacts on value chain workers, and approaches to managing material risks and pursuing material opportunities

related to value chain workers, and effectiveness of those action

76




Social Standards

Page

ESRS S4

Consumers and end users



S4-1 Policies related to consumers and end users 84

S4-2 Processes for engaging with consumers and end-users about impacts 85

S4-3 Processes to remediate negative impacts and channels for consumers and end users to raise concerns 85

S4-4 Taking action on material impacts on consumers and end users, and approaches to managing material risks and pursuing material opportunities

related to consumers and end users, and effectiveness of those actions

85




Governance Standards

Page

ESRS G1

Corporate policies

ESRS 2 GOV-1 The role of the administrative, management and supervisory bodies 23

ESRS 2 IRO-1 Description of the processes to identify and assess material impacts, risks and opportunities 37, 87

G1-1 Policies regarding corporate culture and business conduct policy 88

G1-2 Management of relationships with suppliers 89

G1-3 Prevention and detection of corruption and bribery 89

G1-4 Confirmed cases of corruption or bribery 89



Index of data points in

connection with other

EU legislation



List of data points in general and thematic standards arising from other EU legislation

Reporting requirement Related data point SFDR reference Column 3

reference

Benchmark Regulation

reference

EU Climate Law

reference

Report section

Page/Classification

ESRS 2 GOV-1 Gender diversity in management and control bodies, paragraph 21(d) x x 23, 67

ESRS 2 GOV-1 Percentage of members of board members who are independent, paragraph 21(e) x

ESRS 2 GOV-4 Statement on due diligence, paragraph 30 x 25

ESRS 2 SBM-1 Involvement in activities related to fossil fuels, paragraph 40(d)(i) x x x 24

ESRS 2 SBM-1 Involvement in activities related to chemical production, paragraph 40(d)(ii) x x not relevant

ESRS 2 SBM-1 Involvement in activities related to controversial weapons, paragraph 40(d)(iii) x x not relevant

ESRS 2 SBM-1 Participation in activities related to the cultivation and production of tobacco, paragraph 40(d)(iv) x not relevant

ESRS E1-1 Transition plan to reach climate neutrality by 2050, paragraph 14 x 39

ESRS E1-1 Undertakings excluded from Paris-aligned Benchmarks, paragraph 16(g) x x not relevant

ESRS E1-4 GHG emission reduction targets, paragraph 34 x x x 41

ESRS E1-5 Energy consumption from fossil fuels by source (climate-intensive sectors only), paragraph 38 x not relevant





reference


reference

EU Climate Law

reference

Report section

Page/Classification

ESRS E1-5 Energy consumption and mix, paragraph 37 x 45

ESRS E1-5 Energy intensity related to activities in climate-intensive sectors, paragraphs 40 to 43 x not relevant

ESRS E1-6 Gross GHG emissions of Scopes 1, 2, 3 and total GHG emissions, paragraph 44 x x x 45

ESRS E1-7 GHG removals and carbon credits, paragraph 56 x not relevant

ESRS E1-9 Exposure of the benchmark portfolio to climate-related physical risks, paragraph 66 x not relevant

ESRS E1-9 Breakdown of the carrying value of its real estate assets by energy-efficiency classes, paragraph 67(c) x not relevant

ESRS E1-9 Degree of exposure of the portfolio to climate-related opportunities, paragraph 69 x not relevant

ESRS E2-4

Amount of each pollutant listed in Annex II of the E-PRTR Regulation (European Pollutant Release and Transfer

Register) emitted to air, water and soil, paragraph 28

x

not relevant





reference


reference

EU Climate Law

reference

Report section

Page/Classification

ESRS E3-1 Water and marine resources, paragraph 9 x not relevant

ESRS E3-1 Dedicated policy, paragraph 13 x not relevant

ESRS E3-1 Sustainable oceans and seas, paragraph 14 x not relevant

ESRS E3-4 Total water recycled and reused, paragraph 28(c) x not relevant

ESRS E3-4 Total water consumption in m3 per net revenue on own operations, paragraph 29 x not relevant

ESRS 2 – IRO-1 – E4 Paragraph 16(a)(i) x not applicable

ESRS 2 – IRO-1 – E4 Paragraph 16(b) x not applicable

ESRS 2 – IRO-1 – E4 Paragraph 16(c) x not applicable

ESRS E4-2 Policies to address deforestation, paragraph 24(d) x not relevant





reference


reference

EU Climate Law

reference

Report section

Page/Classification

ESRS 2 SBM3 – S1 Risk of incidents of forced labour, paragraph 14(f) x 65

ESRS 2 SBM3 – S1 Risk of incidents of child labour, paragraph 14(g) x 65

ESRS S1-1 Human rights policy commitments B59, paragraph 20 x 65

ESRS S1-1 Due diligence policies on issues addressed by the fundamental International Labour Organisation Conventions 1

to 8, paragraph 21

x 65

ESRS S1-1 Procedures and measures to combat trafficking in human beings, paragraph 22 x 65

ESRS S1-1 Occupational accident prevention strategy or management system, paragraph 23 x 65

ESRS S1-3 Complaints handling, paragraph 32(c) x 65

ESRS S1-14 Number of fatalities and number and rate of occupational accidents, paragraph 88(b) and (c) x x 69

ESRS S1-14 Number of days of absence due to injury, accident, death or illness, paragraph 88(e) x 69

ESRS S1-16 Unadjusted gender pay gap, paragraph 97(a) x x 69

ESRS S1-16 Excessive remuneration of members of management bodies, paragraph 97(b) x 69





reference


reference

EU Climate Law

reference

Report section

Page/Classification

ESRS S1-17 Cases of discrimination, paragraph 103(a) x not applicable

ESRS S1-17

Non-compliance with United Nations Guiding Principles on Business and Human Rights and OECD Guidelines,

paragraph 104(a)

x x not applicable

ESRS2 SBM3 – S2 Significant risk of child labour or forced labour in the value chain, paragraph 11(b) x 71

ESRS S2-1 Human rights policy commitments, paragraph 17 x 73

ESRS S2-1 Policies related to workers in the value chain, paragraph 18 x 73

ESRS S2-1

Non-compliance with the UN Guiding Principles on Business and Human Rights and the

OECD Guidelines, paragraph 19

x x not applicable

ESRS S2-1

Rules on due diligence on matters covered by the International Labour Organisation’s

fundamental conventions 1 to 8, paragraph 19

x

not relevant

ESRS S2-4 Human rights issues and incidents in the upstream and downstream value chain, paragraph 36 x not applicable

ESRS S3-1 Human rights commitments, paragraph 16 x not relevant

ESRS S3-1

Non-compliance with the UN Guiding Principles on Business and Human Rights and the

OECD Guidelines, paragraph 17

x x not relevant

ESRS S3-4 Human rights issues and incidents, paragraph 36 x not relevant





reference


reference

EU Climate Law

reference

Report section

Page/Classification

ESRS S4-1 Policies related to consumers and end users, paragraph 16 x 84

ESRS S4-1

Non-compliance with the UN Guiding Principles on Business and Human Rights and the OECD Guidelines,

paragraph 17

x x not applicable

ESRS S4-4 Human rights issues and incidents, paragraph 35 x not applicable

ESRS G1-1 United Nations Convention against Corruption, paragraph 10(b) x 89

ESRS G1-1 Protection of whistleblowers, paragraph 10(d) x 87

ESRS G1-4 Fines for violations of corruption and bribery rules, paragraph 24(a) x x not applicable

ESRS G1-4 Anti-corruption and bribery standards, paragraph 24(b) x 89


Foreword

IBC SOLAR in Profile

Sustainability at IBC SOLAR

Sustainability Statement

ESRS Index

Legal info

Publisher

IBC SOLAR AG

Am Hochgericht 10

96231 Bad Staffelstein

info@ibc-solar.de

Telephone: +49 9573 9224 - 0

→ ibc-solar.com

Photo credits

IBC SOLAR AG: Cover, 3, 6, 7, 8, 9, 10, 12, 13,

14, 15, 16, 17, 19 (right), 20

P. 5: Gabriel Lamza (unsplash)

P. 11: Alvarez (istock)

P. 18: Benoit Deschasaux (unsplash)

P. 19: Amazing Aerial (west)

Concept, text, editing, layout

loveto GmbH – Agentur für

Markenentwicklung und Design

→ loveto.de

Date of publication

December 2024


Page 106

IBC SOLAR AG

Am Hochgericht 10

96231 Bad Staffelstein

IBC SOLAR AG - Sustainability Report

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