Key Performance Indicators to criteria 8

Key Performance Indicator GRI SRS-102-35: Renumeration policies
The reporting organization shall report the following information:

a. Remuneration policies for the highest governance body and senior executives for the following types of remuneration:
i. Fixed pay and variable pay, including performance-based pay, equity-based pay, bonuses, and deferred or vested shares;
ii. Sign-on bonuses or recruitment incentive payments;
iii. Termination payments;
iv. Clawbacks;
v. Retirement benefits, including the difference between benefit schemes and contribution rates for the highest governance body, senior executives, and all other employees.

b. How performance criteria in the remuneration policies relate to the highest governance body’s and senior executives’ objectives for economic, environmental, and social topics.

We apply Swedish and Swiss laws and report extensively in our CSR Report (pages 36ff.) and Annual Report on our renumeration schemes.

Key Performance Indicator GRI SRS-102-38: Annual total compensation ratio
The reporting organization shall report the following information:

a. Ratio of the annual total compensation for the organization’s highest-paid individual in each country of significant operations to the median annual total compensation for all employees (excluding the highest-paid individual) in the same country.

The salary ratio between the highest paid individual in the company and the average payment in the lowest-paid staff category is 35:1 (excluding interns and apprentices); the ratio to the average salary level remains 13:1; a ratio between the highest paid individual(s)’ pay rise and the average staff pay rise would be 0.6:6. The ratio between the highest paid individual in the company and the annual median compensation of all employees is 16:1. The salary level in 2021 increased by 72% for the President of the group versus 6% on average. However, such a figure is highly dependent on external factors, including exchange rates and cost of living, so the ratio is not definitive. In general, bonus payments are excluded from the assessment.