EU Taxonomy note

The EU Taxonomy Regulation (EU) 2020/852 requires non-financial companies within the scope of the EU CSRD to report the degree to which their economic activities can be categorized as eligible or aligned with the EU Taxonomy.

During the 2024/25 financial year, Sonova continued to assess whether its economic activities qualify as eligible under the EU Taxonomy. In line with last yearʼs disclosures, Sonova voluntarily reports in accordance with Article 8 of the EU Taxonomy Regulation (EU) 2020/852.

Most of Sonovaʼs core activities are eligible to contribute to the environmental objective of transitioning to a circular economy, as these activities fall in the categories 1.2, “Manufacture of electrical and electronic equipment” and 5.1, “Repair, refurbishment and remanufacturing” of the EU Taxonomy. Some CAPEX activities have also been identified as eligible for the environmental objective of climate change mitigation.

During the 2024/25 financial year, Sonova has continued the assessment of its alignment with the Technical Screening Criteria (TSC). This assessment has not been fully completed and will be continued during the 2025/26 financial year. The voluntary financial information disclosed (see tables below) therefore relates only to the eligibility assessment.

Overall, the analysis of Sonovaʼs economic activities indicates that 93% of turnover, 41% of CAPEX, and 81% of OPEX is currently classifiable as eligible under the EU Taxonomy Regulation (EU) 2020/852.

Turnover eligibility KPI

For this ratio, the denominator was based on the Groupʼs consolidated net turnover as disclosed in the consolidated Financial Statements as of March 31, 2025. The numerator was derived from net sales of electric and electronic equipment and turnover from repair, refurbishment, and remanufacturing activities.

CAPEX eligibility KPI

For this ratio, the denominator represents additions to tangible and intangible fixed assets during the financial year (including acquisitions). It also includes additions to right-of-use assets, but excludes additions to goodwill and acquisition-related intangibles. The numerator comprises those capital expenditures included in the denominator that are related to the eligible activities, particularly additions to right-of-use assets (leasing).

OPEX eligibility KPI

For this ratio, the denominator includes all direct non-capitalized costs related to maintenance, building renovation measures, research and development, short-term lease, and any other direct expenditures relating to the day-to-day servicing of assets of property, plant, and equipment. The numerator relates to those direct non-capitalized costs in the denominator that are related to eligible activities, particularly research and development, and maintenance costs directly linked to turnover-generating eligible activities.