List of abbreviations Sustainability Statement

Abbreviation

Full term

ABRvS

Administrative Jurisdiction Division of the Council of State (Afdeling bestuursrechtspraak van de Raad van State - NL)

ALARP

As Low As Reasonably Possible

BAT

Best Available Techniques

BF

Blast Furnace

BF‑BOS

Blast Furnace – Basic Oxygen Steelmaking

BoM

Board of Management

BOF

Basic Oxygen Furnace

CAPEX

Capital Expenditure

CBAM

Carbon Border Adjustment Mechanism

CCO

Chief Commercial Officer

CCS

Carbon Capture and Storage

CEO

Chief Executive Officer

CFO

Chief Financial Officer

CGM

Continuous Casting Machine

CGM21

Continuous Casting Machine 21

CGM22

Continuous Casting Machine 22

CGP

Coke and Gas Plant

CGP1

Coke and Gas Plant 1

CGP2

Coke and Gas Plant 2

CMRT

Conflict Minerals Reporting Template

CO₂

Carbon dioxide

COO

Chief Operations Officer

COR

Central Works Council (Centrale Ondernemingsraad)

COSO

Committee of Sponsoring Organizations of the Treadway Commission

CSRD

Corporate Sustainability Reporting Directive

DeNOx

Denitrification (NOx reduction installation)

DMA

Double Materiality Assessment

DRI

Direct Reduced Iron

DRP

Direct Reduction Plant

EA

Environmental Agency

EA NZKG

Environmental Agency North Sea Canal Area

EAF

Electric Arc Furnace

EBITDA

Earnings Before Interest, Taxes, Depreciation and Amortisation

EIA

Environmental Impact Assessment

eMJV

elektronisch Milieujaarverslag (Electronic Environmental Annual Report – NL)

EO

Ore Stockyard

EO2

Ore Stockyard 2

ERP

Enterprise Resource Planning

ESG

Environmental, Social and Governance

ESRS

European Sustainability Reporting Standards

ETS

Emissions Trading System

EU ETS

European Union Emissions Trading System

EU Taxonomy

European Union Taxonomy Regulation

EVP

Employee Value Proposition

FEED

Front End Engineering Design

FID

Final Investment Decision

FY

Financial Year

GHG

Greenhouse Gas

GRC

Governance, Risk and Compliance

HIA

Health Impact Assessment

HSSE

Health, Safety, Security & Environment

ICS

Industrial Control Systems

ILO

International Labour Organization

ILT

Human Environment and Transport Inspectorate

IPCC

Intergovernmental Panel on Climate Change

IRBC

International Responsible Business Conduct

ISO

International Organization for Standardization

IT

Information Technology

ITSCI

International Tin Supply Chain Initiative

JLoI

Joint Letter of Intent

KPI

Key Performance Indicator

MER

Milieueffectrapportage (Environmental Impact Assessment – NL)

MVP

Massavracht Programma (Dutch permit‑based emissions classification)

MVP1

Massavracht Programma 1

MVP2

Massavracht Programma 2

MV

Ore Blending Field

MV1

Ore Blending Field 1

MV2

Ore Blending Field 2

NIS2

EU Network and Information Security Directive

NMVOC

Non‑Methane Volatile Organic Compounds

NOx

Nitrogen oxides

OECD

Organisation for Economic Co‑operation and Development

OH&S

Occupational Health and Safety

OEM

Original Equipment Manufacturer

OPEX

Operating Expenditure

OT

Operational Technology

PAH

Polycyclic Aromatic Hydrocarbons

PCB

Polychlorobiphenyl

PCDD

Polychlorinated Dibenzo‑p‑Dioxins

PCDF

Polychlorinated Dibenzofurans

PM

Particulate Matter

PM10

Particulate Matter ≤10 micrometres

PM2.5

Particulate Matter ≤2.5 micrometres

PMO

Project Management Office

PPE

Personal Protective Equipment

PPO

Public Prosecution Office

R&C

Risk & Compliance

RCF

Revolving Credit Facility

SCALE

Sustainability, Cost‑Efficiency, Agility, Leadership, Execution

SB

Supervisory Board

SCR

Selective Catalytic Reduction

SNCR

Selective Non‑Catalytic Reduction

SOP

Scrap Operation Point

SOP3

Scrap Operation Point 3

SOP4

Scrap Operation Point 4

SOP5

Scrap Operation Point 5

SOx

Sulphur oxides

SVHC

Substances of Very High Concern

TCFD

Task Force on Climate‑related Financial Disclosures

TMA

Tailor‑Made Agreement

TNFD

Taskforce on Nature‑related Financial Disclosures

UN

United Nations

VOC

Volatile Organic Compounds

VRP

Vermijdings‑ en Reductieplan (Avoidance and Reduction Plan – NL)

WRI

World Resources Institute

WSA

World Steel Association

ZZS

Zeer Zorgwekkende Stoffen (Substances of Very High Concern – NL)