Breathe Better Report

Airthings' sustainability journey 2022

Reaching new heights on our sustainability journey

About the Breathe Better Report

Airthings is committed to sustainability and transparency. As leaders in indoor air quality monitoring and energy reduction solutions, we are focused on sustainability, health, and wellbeing of people homes and businesses. We are dedicated to building a sustainable future and regularly report on our progress towards the UN Sustainable Development Goals (SDGs). We have prioritized 7 SDGs where we contribute directly and indirectly:

We use the SDGs as a framework to create our Environmental, Social, and Governance (ESG) actions, which are mapped to our goals, for planet, for people, and for business.

Airthings ASA has provided information in accordance with the Global Reporting Initiative (GRI) Standards and UN Global Compact Communication on Progress (COP) for the period of January 2022 to December 2022. This information pertains to the offices located in Oslo, Fort Worth TX, and Stockholm, as well as our US Radon Lab in Massachusetts. You can find the GRI content index in the appendix section of this report pg. 82.

Airthings has been part of the UN Global Compact since 2020 and supports its 10 principles. This year, we are publishing our third Communication on Progress (COP) report, titled the "Breathe Better Report: Airthings' Sustainability Journey 2022", which is being released alongside our "Annual Report" for 2022. This is the first time that these two reports have been published together.

In this report, we describe the actions we took in 2022 to improve on our material topics and progress towards our sustainability goals. We also describe how Airthings integrates the Global Compact Principles into its business strategy, culture, and daily operations. Finally, we include forward-looking initiatives for 2023, which may evolve as we continue to learn and grow.

Airthings is committed to sharing this information with its stakeholders, shareholders and investors through its primary channels of communication. You can communicate with the sustainability manager at Airthings for any inquiries. The reports are available on https://www.airthings.com/investors/reports and airthings.com/sustainability.

About the Breathe Better Report.	Educational outreach.
3	54
Letter from the CEO . 5	Building a culture of inclusion and
This is Airthings . 7	sustainability . 56
Highlights from 2022.	Our people
14	57
Goals for 2023.	Our Business & Governance.
17	35
Airthings Sustainability Timeline . 18	Enabling Data/ driven decision for our customers 64
Breathe Better Progress	Improving the health and wellbeing of
Report	our customers.
.	.
20	66
For	Awarded silver and
Planet.	going for gold
29	.
Helping our customers improve	68
their environment	Strengthening our governance
.	.
32	69
The planet needs bold goals . 34	Policies, principles & guidelines . 70
A	Community engagement
life cycle perspective.	.
35	73
Monitoring our Green house gas emissions 40	Conclusion . 74
The road to zero waste 42	Appendix 76
For People . 45	Airthings and UN Global Compact 77 General Information tables . 80
Educating and enabling	GRI Index
people to breathe healthier air	.
.	.
48	82
A commitment to fresh air 53

About the Breathe Better Report. 3	Educational outreach. 54
Letter from the CEO . 5	Building a culture of inclusion and
This is Airthings . 7	sustainability . 56
Highlights from 2022. 14	Our people 57
Goals for 2023. 17	Our Business & Governance. 35
Airthings Sustainability Timeline . 18	Enabling Data/ driven decision for our customers 64
Breathe Better Progress Report . 20	Improving the health and wellbeing of our customers. . 66
For Planet. 29	Awarded silver and going for gold . 68
Helping our customers improve their environment . 32	Strengthening our governance . 69
The planet needs bold goals . 34	Policies, principles & guidelines . 70
A life cycle perspective. 35	Community engagement . 73
Monitoring our Green house gas emissions 40	Conclusion . 74
The road to zero waste 42	Appendix 76
For People . 45	Airthings and UN Global Compact 77 General Information tables . 80
Educating and enabling people to breathe healthier air . 48	GRI Index . . 82

Letter from the CEO

Dear Airthings Community,

2022 was a challenging year in many ways, with consumers and businesses around the world being impacted by high inflation, higher interest rates, soaring energy prices, and a more uncertain geopolitical outlook with the devasting war in the Ukraine. As a result, we at Airthings experienced slower growth, with our channel partners responding to higher uncertainty by reducing their inventories.

On the positive side, our sell-through of consumer products to end-customers continued to see strong growth also in 2022 with a 23% increase. Revenue in the Airthings for Business segment grew by almost 50%. Our value proposition remains solid, as the importance of healthy air and energy-efficient buildings is becoming even more apparent both to consumers, businesses, and public authorities.

Airthings is a purpose-driven company that cares about making a difference for our people, and our planet. Our purpose is 'Empowering the World to Breathe Better', and we have continued our work to increase global air quality awareness and promote Airthings as the best solution to ensure that people everywhere breathe cleaner air with less energy consumption. Last year we had more than 3 million unique web sessions on airthings.com.

We continue full steam ahead on our sustainability journey, and by gaining a deeper understanding of our impact we are both able to help our customers make sustainable decisions and to improve our practices significantly. We continue to uphold our commitment to the UN Sustainable Development Goals (SDGs) and the seven SDGs we have prioritized; climate action, decent work and economic growth, sustainable cities and communities, responsible consumption and production, reduced inequalities, good health and well-being, and quality education. We are really making progress towards some of these goals, and as one example I can proudly say that we are now monitoring the air for almost 500,000 children in classrooms around the world.

Buildings account for around 40% of global energy consumption1, and together with our Airthings for Business partners we create smart insights to help facility managers and building owners operate their buildings more efficiently and sustainably. We make their job easier by enabling proactive facility management instead of reactive. Our Airthings for Business customers can see and solve problems in their buildings before they are detected by tenants and move away from manual timer-based to demand-based Heating, Ventilation, and Cooling (HVAC). Here in Norway, more than 70 different Norwegian municipalities are now using our solutions to manage their buildings, and we also continue to grow internationally. We signed our largest ever Airthings for Business contract of close to USD 5 million with an undisclosed global enterprise customer last year. Around 80% of the buildings that will exist in 2050 have already been built2, and we see a tremendous opportunity in making existing buildings smarter through easily understandable and accessible data from smart sensors. This will both reduce energy waste and global GHG emissions and provide healthier indoor environments for the people living, working, or studying in these buildings. Our new and innovative Energy Efficiency Toolkit is a key component in the energy optimization offering in Airthings for Business, and we will continue to develop and improve this toolkit to add more and more value for our customers.

¹ Global Building Alliance - Towards zero-emission efficient and resilient buildings

² 2 WEF - To create net-zero cities, we need to look hard at our older buildings

Our products in the Airthings for Business solution have delivered incredible results, with customers experiencing energy savings of more than 20%. Our customers have also saved about 5,000 tCO2e equivalents since 2021.

We also help homeowners visualize what is in the air they breathe and enable them to reduce their exposure to indoor air pollutants. Interviews, feedback, and insights have revealed that most of our customers are improving their air quality by bringing in more ventilation, installing radon mitigation systems, and deploying air purifiers, humidifiers, or dehumidifiers. Airthings' products hence allow consumers to make small changes around their home and instantly see that it is working.

Airthings is also working to 'clean our own house' and have incorporated sustainability into our daytoday operations. We have defined circular principles that we follow for all new product development, ensuring that all our new devices are designed, sourced, and manufactured responsibly. As an example, this optimized process has been used in the production of our newest product, the Space CO2 Mini, which has the lowest manufacturing environmental impact among all our products and a battery lifetime of more than 10 years. To underline the quality and longevity of our products we last year introduced a 5-year extended warranty for all our consumer devices, and we will continue our work to optimize all future products for the benefit of both our customers and the environment.

I am glad and proud to see that our efforts are being recognized. In February 2022 we received a Silver sustainability rating from the renowned rating agency EcoVadis, and this is now upgraded to a Gold rating. This places us among the top 5% of all companies evaluated.

As the CEO of Airthings, I speak for all of us when I say we remain fully committed to the UN Sustainable Development Goals (SDGs), and we strongly believe that our solutions have the potential to improve many of the environmental and societal challenges we face. We commit to continually improving the integration of the UN Global Compact and its principles into our business strategy, culture, and daily operations. We also commit to sharing this with our stakeholders. At Airthings we believe a sustainable business is a good business.

Airthings' long-term outlook is supported by lasting factors and megatrends and is becoming a global leader in air quality monitoring and energy-saving solutions. Airthings will continue to focus on creating solutions for people, for homes and for buildings around the world, making homes and buildings smarter, healthier, and more energy efficient. With our highly differentiated products and a scalable business model within health, wellness, and sustainability, there is an enormous market opportunity over the coming years.

Rounding off, I would like to take this opportunity to thank our team of highly skilled and passionate employees for the hard work they have put in over the last year to enable this list of accomplishments. Over the past year we have welcomed many new members to the Airthings family, and I look forward to working together with you all in the years to come.

All the best,

Oyvind Birkenes CEO, Airthings 29th of March 2023

This is Airthings

Airthings is a global tech company creating award-winning radon and indoor air quality monitors for consumers, businesses, and professionals, as well as solutions to significantly reduce energy consumption of buildings. Established in 2008, the company is led by a team of experienced scientists, engineers, leaders, and visionaries. Airthings is on a mission to empower the world to breathe better through simple, affordable, and accurate technology solutions that enable stakeholders

to make data-driven decisions to improve their health, save money, and help the planet.

Our story

Every good idea starts with a problem. Radon testing for homeowners hadn't improved in almost 30 years. Several particle physicists working together at CERN (European Organization for Nuclear Research) saw a gap in the radon market. Traditionally, consumers only had two options: call a professional to test their radon levels or purchase a single-use charcoal test, which had to be sent to a lab for analysis.

Airthings was founded to break free from these traditions and put consumers back in control of their indoor air quality. Airthings' founders went to work creating the very first consumer digital radon detector. Today, we have branched out to empower data-driven decision-making and automated control of a wide range of air quality issues for homes, businesses, and schools. Headquartered in the heart of Oslo, with offices in the US, Canada, and Sweden. Airthings had 141 employees from over 35 nationalities by the end of 2022.

To address a serious health issue, Airthings founders created the very first consumer digital radon detector

About us Our technology

Airthings has introduced a steady stream of innovative solutions for consumers, businesses, and professionals, allowing them to see what's in the air around them and empowering them to take steps to improve their indoor environment for people and the planet. The heart of our system is in the cloud, where the magic happens: Airthings transforms massive amounts of data from sensors in homes and buildings around the world and processes it to

provide our customers with meaningful insights. Our technology and solutions are created in-house: from industrial design and radio protocol, to app, software, and firmware development. The majority of our products are "smart" with corresponding apps, online dashboards, and APIs, which enable our users to stay connected and access a constant stream of

new features. From our beginning with digital radon detectors, Airthings' offerings now include indoor air quality monitors and solutions for homes, schools, offices, restaurants, and other commercial buildings earning our reputation as a true leader in the industry.

International recognition

Airthings is proud to have been recognized for its efforts in creating innovative and sustainable products that help people breathe better. Our indoor air quality and radon monitors have received numerous awards, including the TIME's Best Inventions of 2019 and CES 2021 Innovation Award Honoree. Our products have also received recognition from Frost & Sullivan, which awarded us the 2020 Global Product Leadership Award in the indoor air quality monitoring industry. This award recognizes companies that deliver the best quality, reliability, and performance in their field.

In 2022, Airthings continued its commitment to sustainability by earning a Gold rating on the EcoVadis Sustainability Rating, which places us among the top 5% of companies rated.

Furthermore, the Airthings View Plus won the 2022 BIG Innovation Award. Additionally, Airthings products were selected in 2022 as finalists for the AHR Innovation award for the 2023 edition. Likewise, we received the Twice VIP award in the Smart Home & Automation category. Airthings was also recognized as one of Newsweek's Best Home and Garden Brands in 2022.

In addition to these awards, we are proud to support the American Lung Association's LUNG FORCE initiative and the Norwegian Asthma and Allergy Association and are committed to creating products that help people live healthier lives.

Airthings' core values

to innovate, to take risks, to collaborate, to be curious, to lead, and to make a difference

our products, our impact, and the experiences we create

on creating the best experiences and solutions, on our customers, on speed, and on quality

UN Sustainable Development Goals (SDGs) priorities

What our solution does How we develop products

The United Nations Sustainable Development Goals (SDGs) are a set of 17 targets that have been adopted by all member states of the UN. These goals aim to promote peace, prosperity, and the well-being of people and the planet by 2030. The SDGs serve as the foundation for Airthings' business strategy, and we are dedicated to incorporating them into all aspects of our operations.

To create an achievable strategy and focus our efforts, we have identified 7 of the Sustainable Development Goals (SDGs) linked to 17 targets and 11 material topics where we believe we can make the greatest impact.

The SDGs are interconnected but prioritizing them allows us to focus our efforts and resources. At Airthings, we recognize that good health and well-being are fundamental human rights, and we are dedicated to improving indoor air quality to achieve SDG 3

We have organized our approach to these goals around how our solution helps our customers achieve their goals, as well as how we aim to develop our products responsibly.

Climate action is at the center of the process as our solution helps reduce energy consumption while we are committed to reducing our carbon footprint.

Which SDG targets are embedded in Airthings' Strategy?

SDG 13: CLIMATE ACTION

Target 13.1. Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters

Target 13.2. Integrate climate change measures into national policies, strategies and planning

Target 13.3. Improve education, awareness-raising and human and institutional capacity on climate change mitigation, adaptation, impact reduction and early warning

SDG 3: GOOD HEALTH AND WELL-BEING

Target 3.9. By 2030, substantially reduce the number of deaths and illnesses from hazardous chemicals and air, water and soil pollution and contamination

SDG 4: QUALITY EDUCATION

Target 4.4. By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship

Target 4.7. By 2030, ensure that all learners acquire the knowledge and skills needed to promote sustainable development, including, among others, through education for sustainable development and sustainable lifestyles, human rights, gender equality, promotion of a culture of peace and non-violence, global citizenship and appreciation of cultural diversity and of culture's contribution

SDG 8: DECENT WORK AND ECONOMIC GROWTH

Target 8.2. Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high value added and labor-intensive sectors

Target 8.5. By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value

Target 8.7. Take immediate and effective measures to eradicate forced labor, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labor, including recruitment and use of child soldiers, and by 2025 end child labor in all its forms

Target 8.8. Protect labor rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment

SDG 10: REDUCED INEQUALITIES

Target 4.4. By 2030, substantially increase the number of youth and adults who have relevant skills, including technical and vocational skills, for employment, decent jobs and entrepreneurship

SDG 11: SUSTAINABLE CITIES AND COMMUNITIES

Target 11.6. By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management

SDG 12: RESPONSIBLE CONSUMPTION AND PRODUCTION

Target 12.2 By 2030, achieve the sustainable management and efficient use of natural resources

Target 12.4. By 2020, achieve the environmentally sound management of chemicals and all wastes throughout their lifecycle, in accordance with agreed international frameworks, and significantly reduce their release to air, water and soil in order to minimize their adverse impacts on human health and the environment

Target 12.5. By 2030, substantially reduce waste generation through prevention, reduction, recycling and reuse

Target 12.6. Encourage companies, especially large and transnational companies, to adopt sustainable practices and to integrate sustainability information into their reporting cycle

Airthings is committed to the 10 UN Global Compact Principles

Human rights	Labor	Environment	Anti-Corruption
PRINCIPLE 1 Business should support & respect the protection of internationality proclaimed	PRINCIPLE 3 Business should uphold the freedom of association & the effective recognition of the right to collective bargaining	PRINCIPLE 7 Business should support a precautionary approach to environmental challenges.	PRINCIPLE 10 Business should work against corruption in all its forms, including extortion & bribery
PRINCIPLE 2 And make sure that they are not complicit in human rights abuses	PRINCIPLE 4 The elimination of all forms of forced & compulsory labor	PRINCIPLE 8 Undertake initiatives to promote greater environmental responsibility
	PRINCIPLE 5 The elimination of all forms of forced & compulsory labor	PRINCIPLE 9 Encourage the development & diffusion of environmentally friendly technologies
	PRINCIPLE 6 The elimination of all forms of forced & compulsory labor

Airthings' sustainability key performance indicators

At Airthings, we are dedicated to finding solutions that allow us to operate in a sustainable and responsible manner. To ensure this, we have established key performance indicators (KPIs) for tracking our environmental, social, and governance (ESG) impact.

We have structured our sustainability KPIs in three dimensions: for planet, for people, and for business. Within each of these dimensions you will find goals for what our solutions does for the world and how they impact our company.

These dimensions allow us to measure our performance in key areas such as carbon

emissions, waste reduction, diversity, inclusivity, human rights, air quality monitoring, and product development. In each dimension, the top numerical/quantifiable goals measure the progress and capabilities of our products to help our customers. The rest of the six goals, which are set for 2026, are goals for Airthings as a company.

By setting and tracking these KPIs, we aim to be transparent and accountable to our stakeholders. Throughout this report, we will present a comprehensive analysis of our fastpaced progress and the identified areas where we need to catch up.

Highlights from 2022 For Planet

Our Business Governance

Highlights from 2022

Goals for 2023

>1 training on Airthings circular principles for our 2

main manufacturers

>12,000 accumulated

tons of CO2 emissions saved by our customers by end 2023

Become ISO 14001 certified - Environmental

Management System in our Headquarters

Revaluate Airthings materiality assessment

100% of 1st tier

suppliers assessed in human rights, ethics, and environmental performance

Educate 1.5 million people about air quality in 2023

Improve to self service analytics our maturity data model

100% of employees receive >3 internal trainings on ESG topics

Our upcoming product passes the threshold on Airthings Circular Principles

Airthings' sustainability journey

Breathe Better Progress Report

for planet, for people, our business

Airthings' approach to a sustainable future

As a company committed to sustainability, we are constantly looking for ways to improve our environmental, social, and governance practices. We understand that sustainability is a destination, through a journey of continuous improvement. We are only starting this journey but the steps we have taken so far are helping us build a responsible business.

One way we are working towards sustainability is by reducing our carbon footprint and promoting energy efficiency for our customers. We have implemented several initiatives to reduce energy consumption in our operations, and we also empower our customers to do the same with our products. This is done by providing insights for efficient energy management. This is a direct impact to reduce greenhouse gas emissions and combat climate change.

We also prioritize the well-being and health of our employees and the communities where we operate. We have established a code of conduct and grievance mechanism to ensure that both Airthings and our suppliers adhere to high standards of labor practices and human rights.

We believe in transparent and ethical business practices. We have established robust policies and procedures to prevent bribery and corruption, and we are committed to upholding the highest standards of integrity in all our business dealings.

Actions for a sustainable future:

Expand our circular principles in all our processes and products.

Improve users' health by visualizing & removing air contaminants.

Balance energy and indoor air quality in buildings

We have established ambitious goals for 2026 and recognize that bold action is necessary to achieve them. To guide our efforts, we have developed a three-dimensional framework for explaining how we incorporate sustainability into our decisionmaking process and work towards our sustainability key performance indicators (KPIs).

Cyclical strategy to a sustainable future

This framework helps us ensure that our actions are aligned with our sustainability goals. In the graph you can find our cyclical strategy path to achieve our goals:

Sustainable product innovation

Design, source and manufacture environmentally and socially responsible products using our circular design principles

At Airthings, we are dedicated to creating environmentally responsible products by adhering to our circular principles (refer to pg. 70). We prioritize designing our products to have minimal environmental impact, making it easier to refurbish and recycle them. We continue to make progress towards our commitments by consistently improving our product designs.

Insights for data driven decisions

Deliver data and insights that help users understand indoor air quality to balance energy consumption and health.

Responsible IAQ monitors can provide crucial insights into air quality in buildings and homes. These insights can be used to maintain the health and well-being of the people who use them. Airthings monitors track the levels of various contaminants and other factors that impact IAQ, allowing them to balance IAQ and energy consumption. You can identify sources of energy waste such as inefficient heating and cooling systems and adjust ventilation levels based on occupancy and CO2 levels. These changes have typically saved 20% in energy consumption.

Enable people to breathe better air

Educate on long-term monitoring and actions that improve indoor air quality to help people breathe better

Our mission at Airthings is to empower people to breathe better by improving indoor air quality. We provide solutions to monitor and address factors that can negatively impact human health, productivity, and absenteeism in the workplace. This includes monitoring contaminants like mold, dust, VOCs, temperature, humidity, and ventilation in buildings. By identifying any issues and addressing them, users can ensure the air inside buildings is safe and healthy.

Material Topics: Opportunities and challenges

Stakeholder engagement and materiality assessment

At Airthings, we conducted the first sustainability survey in 2020, that will be renewed in 2023, to understand our challenges and opportunities, and prioritize the efforts towards the SDGs. We developed a close relationship with internal and external stakeholders to foster a shared commitment and establish a resilient sustainability strategy.

We see ESG material topics as a motivation for growth and focus, rather than a burden. We constantly communicate internally and externally about material topics as "challenges and opportunities". For more information, you can read our 2020 Sustainability Report.

Next are our material topics categorized by our dimensions:

Material topic prioritization

We placed and analyzed our material topics in a matrix based on priorities for internal versus external stakeholders. The matrix below identified the most significant priorities to be empowering people to breathe better, climate change, waste management, and innovation for a circular economy. Second priorities are improving the health and well-being of our employees and protecting the data security of our customers. The results have been our guide for actions and efforts toward sustainability.

The 2nd materiality and stakeholder analysis survey was originally scheduled for 2022, but due to a structural reorganization, it has been postponed until mid-2023. Airthings will review and update the sustainability reporting and communications strategies for various reasons, including changes in the business, shifts in stakeholder priorities, and/or new industry standards.

PRIORITY EXPECTED BY EXTERNAL STAKEHOLDERS

Material topic risk assesment

We conducted a risk assessment to identify major threats in our product's life cycle and value chain. We found that the main risk in the technology sector is the sourcing of raw materials, which can lead to issues such as child labor, human rights abuses, and hazardous chemicals1 . We have implemented strategies to address these risks, including creating a supplier's code of conduct, monitoring GHG emissions, conducting a life cycle assessment, and implementing policies on circular design, human rights, and antibribery. We also conducted a supply chain country risk analysis and identified high risks in our factories located in Tunisia and Israel (read Sust. Report 2020).

In 2022, we have addressed these risks by implementing various strategies such as conducting water and environmental monitoring with our manufacturing supplier in Tunisia, implementing a supplier's code of conduct, and connecting our supply chain to our GHG monitoring system for better screening of our scope 3 indirect emissions. Our manufacturing suppliers have shown documentation on high ethical standards, human rights & diversity policies, and environmental management systems superior to the industry standards. These measures help us mitigate risks and improve our impact on people and the environment.

EY - Top 10 business risks and opportunities for mining and metals, 2023

Material topic and SDGs impact

The material topics are organized in the next risk impact assessment to understand their potential positive or negative impact on the SDGs (Table 1 & 2) below and the UN Global Compact guiding principles (appendix). Many of our risks and impacts are indirect, as we outsource our production. By following our goals in areas such as child labor, human rights, and greenhouse gas emissions, we are monitoring directly to mitigate potential risks in our supply chain.

In the following graph, you can see how the impact assessment is organized by material topics, their current or potential impact, and whether they have a positive or negative impact on our SDGs priorities.

	Potential	Actual	Positive	Negative	Direct	Indirect	Own Operations	Supply chain
Climate Change		•	•	•	•	•	•	•
Waste management		•		•	•	•	•	•
Empower the world to breathe better		•	•		•		•
Innovate for a circular economy	•	•	•		•		•
Data privacy	•			•	•	•
Raw material sourcing	•			•		•		•
Equality, diversity and inclusion	•	•	•	•	•	•	•	•
Employee health and safety	•	•	•	•	•	•	•	•
Water containment	•			•		•		•
Business ethics	•	•	•	•	•	•	•	•
Community engagement and Air for kids		•	•		•		•


Climate Change	•	•	•	•	•	•	•
Waste management			•	•		•
Empower the world to breathe better	•	•			•	•	•
Innovate for a circular economy					•	•	•
Data privacy	•		•	•		•
Raw material sourcing			•	•			•
Equality, diversity and inclusion	•	•	•	•
Employee health and safety	•	•	•	•		•
Water containment						•	•
Business ethics			•	•	•	•	•
Community engagement and Air for kids	•	•					•

EU Taxonomy - 2022

As a medium-sized company with fewer than 500 employees, we are not required to report on the new EU Taxonomy, but we are proactively aligning our business activities with it. We will only disclose an overall information of the Turnover and capital expenditure (CAPEX). We will be improving our data collecting system for the operating expenses (OPEX) during 2023 and disclose the full report on 2023.

We directly contribute to the category Transition to a Circular Economy and Climate Change Mitigation without causing significant harm in the other five categories. Under this category, we fall under 3 different activities, that are being scanned through the criteria. In the table below theres an indepth expalanation of why we fall under this categories.

On the graphic below you can see the 95% of our turnover activities are alligned with EU Taxonomy. We are missing one criteria under the activity: Data driven solutions for GHG emissions reduction that will be fulfill in the near future.

Our Capex is 28% eligible which is alligned to the 4% of the the Turnover. This is as our CAPEX under EU taxonomy definition is distributed to our subscription model. For this activity we are working on the one missing criteria to be eligible.

While we do incur OPEX in the traditional financial definition, the definition of OPEX in the EU Taxonomy is highly focused on production costs which we don't have direct expenses, as Airthings outsources its products manufacturing to third parties. Therefore, we do not have direct operations costs related to production in our EU taxonomy.

However, the EU Taxonomy does allow for R&D costs in OPEX, but since our 2022 R&D costs are in the early stages, we cannot allocate them at this time. We are working to improve our data collection system for OPEX and plan to disclose it in our next year's report.

Highlights 2022

Reduce CO2

4 800 accumulated tons of CO2 saved by our customers since 2021
Improved CO2-saving calculations for our customers

Zero waste

100% of our product packaging cardboard is FSC certified
99% of the product packaging is 100% biodegradable
Space CO2 Mini has reduced the plastic environmental impact by up to 74%
WEEE documentation for recycling practices in > 10 European countries

BECOME a

MA . I

DSITI

company
by 2026

Climate positive

We have seen a decrease in scope 2 of 45%
We kept the same emissions intensity (kgco2e/USD) from 2021 to 2022
Cloud centers have reported zero emissions since May 2022
Decreased emissions in the use phase of our products by 67%
100% of shipments from airthings.com have carbon footprint compensation
Improved the quantification method for internal emissions scope 1,2 & 3
We reviewed and updated the LCA for 5 of our products with granular information

Most relevant Airthings ESG Opportunities and Challenges (material issues)

CLIMATE CHANGE

WASTE MANAGEMENT

RAW MATERIALS

WATER CONTAMINATIONS & CONSUMPTION

EMPOWER THE WORLD TO BREATHE BETTER

INNOVATE FOR A CIRCULAR ECONOMY

Relevance of SDGs

Target 13.1. & Target 13.3.

Our dashboard provides customers with the insights they need to make datadriven decisions to have a positive impact by reducing their energy consumption.
By decreasing the size and weight of material in our new products, we minimize waste and reduce the impact on natural resources required for production and transportation

Target 3.9

• Our air quality insights enable good health and well-being for all families and building occupants.

Target 12.2 ; Target 12.5 & Target 12.4

Airthings designed Space CO2 Mini with sustainability in mind, using circular design principles to prioritize environmental and social responsibility throughout the product's development. As a result, we made our most environmentallyfriendly product to date.
By looking at the lifetime of our product, we were able to identify pressure points we could make changes to help produce our products more responsibly, for people and the planet.

Target 11.6.

• With our products, we work to create sustainable communities by making buildings smart and more efficient, for both the health of the occupants and the planet.

Helping our customers Balance IAQ and energy consumption

Empowering sustainable decisions

Airthings devices can help businesses identify energy-saving opportunities in their buildings. Acting on Airthings data can help organizations to optimize heating, ventilation, and cooling (HVAC) so they're only using the energy they need to, helping them manage the building based on air quality. This can lead to energy savings through the detection of unnecessary heating and cooling.

By using our CO2e savings model calculator, we estimated savings for our customers >4800 accumulated tons of CO2e emissions since 2021.

The calculations were based on the number of sensors integrated with Building Management Systems and centralized HVAC systems, and the number of devices in the field. Likewise, we analyzed >20 case studies to measure energy consumption per square meter and calculate the total KWH saved. These KWH savings were then converted into CO2e using carbon factors based on the European energy mix.

Ref. for infographics:

1. IEA 2022 Architecture 2030, Why the building sector,2022
1. Global Alliance for Building and Aconstruction, Status Report, 2016
1. Enova 2021

Case studies: Proud of our customers

In 2022, our products as part of the solution have delivered promising results, with customers experiencing energy savings of >20% (read our case studies), with >4800 tCO2e estimated savings by our customers. The next are a few case studies where our clients have used air quality monitoring as part of the energy-saving solutions.

Toma

The Norwegian facility management company, reduced energy consumption by 26% within a year using Airthings for Business solution. By utilizing insights from Airthings' air quality monitors, Toma was able to identify and adjust heating and ventilation systems in unoccupied areas, resulting in significant energy and cost savings. This case study highlights a common issue in building management globally - energy waste due to heating and ventilation of unoccupied spaces. With the help of Airthings' monitoring technology, companies like Toma can reduce their environmental footprint and save costs5.

5.	Toma
6.	Angarde

ActoVent

ActoVent used Airthings for Business solution to reduce carbon emissions while maintaining the well-being of building occupants. Airthings sensors installed in the building detected pollutants like fine dust, airborne chemicals, radon, and carbon dioxide. The sensors tracked occupancy to determine which rooms required ventilation. The results were impressive - ActoVent was able to decrease the air handling unit flow rate by 11%, which saved 152 MWh/a of energy (152,000 kW/h per year). There was no noticeable change in air quality. With ongoing monitoring, the customer maintains the required air quality, optimized airflow, and reduced energy consumption6.

Angarde & USF-Vertet

Through the implementation of energy-saving measures, two buildings have achieved significant reductions in energy consumption. The ANGARDE building was able to save 500,000 kWh, while USF-VERFTET achieved savings of over 40%, around 53,000 kWh. ANGARDE's energy-saving measures included upgrading its ventilation system. While USF-VERFTET implemented a range of measures, including the installation of more efficient lighting and heating systems, as well as better insulation. Both buildings were also equipped with energy monitoring systems that allowed for ongoing monitoring and optimization. These measures not only saved energy and reduced emissions, but also resulted in significant cost savings for the building owners7.

The planet needs Bold goals

Airthings is committed to becoming a carbonpositive company and is taking steps to achieve this goal through a comprehensive approach that includes both preventive measures and mitigation actions.

What do we mean by climate positive?

We define climate positive as: Meeting our CO2e reduction targets per revenue + Reducing the CO2e of our product life cycle + Offsetting programs = more than our total CO2e yearly emissions.

Mitigation Measures: In recent years, we have taken measures by setting goals and policies, collecting data, and incorporating circular design principles into new products. We will continue reducing our direct environmental impact and improve our understanding of our emissions through analysis and supply chain mapping, allowing us to take targeted actions to further reduce our environmental impact.

Preventative measures: We track and report on GHG emissions from Scope 1, 2, and 3 sources and set targets for reducing GHG emissions by revenue and the number of products sold. Our product innovation is key to reducing carbon. Our goal is to have our KPIs verified by Science Based Targets in the near future.

Remediation actions: Airthings has committed to offsetting 100% of its direct shipments from sales through the DHL Go Green Program. The carbon credits purchased are verified by a third party and come from reputable, independently audited projects. The projects typically focus on renewable energy or reforestation efforts that reduce carbon emissions. Airthings also considers the emissions saved by customers using our technology, estimated at >4800 tons of CO2e since 2021, which is >50% of the company's total emissions for 2022.

Our goal is to understand the impact of our products on reducing emissions throughout the entire life cycle, including our customers' usage.

	Mitigation measures	Preventive measures	Remediation measures
Goals and Policies	•	•
Helping customers reduce their emissions	•		•
Gathering Data	•	•	•
Circular design principles in product development	•	•
Supply chain mapping	•	•
Monitoring scope 1, 2 & 3	•	•	•
Offsetting 100% distribution channel			•
Reducing CO2 emission per product	•
Align with Science Base Targets	•	•

Responsible innovation LCA perspective

In 2021, we conducted our first life cycle assessment (LCA) in collaboration with Ellio, a Canadian consultancy, to assess the impact of five of our products. In 2022, we worked side by side with our main manufacturer to improve our LCA data collection methodology and emphasized the inclusion of more granular data while continuing to follow ISO 14001 Standard guidelines. Using the Ecoinvent database and SimaPro, we updated the previous LCA and analyzed the collected data to assess the environmental impact across each stage of the product's life.

The next graph explains the process step by step and the scale of the research per lifecycle stage

Finally, we evaluate the end-of-life options for our products, including recycling potential, circularity, and potential negative environmental effects of improper disposal of batteries.

Software

We analyze the energy consumption of data transfer to cloud servers and the energy used by cloud servers with direct

Use phase

battery-powered vs rechargeable batteries vs cable-powered devices.

We start by gathering data on all the materials in our products and analyzing them against the Ecoinvent database.

Production

We evaluate the production process, identifying environmental impacts, and different waste streams together with our main manufacturers.

We assess our global product shipment with direct input from our

Responsible innovation LCA results

We want to provide a general overview of the results of our products LCA. The data has not been certified by a 3rd party yet. Please note that these results may vary from year to year and among business units, as we are constantly improving our LCA methodology and data. Additionally, the results may be affected by factors such as the lifetime of the unit, the type of battery used, how often the battery is changed, the shipping method, and the energy usage in our data and cloud servers.

CO2 from Manufacturing,

(including batteries)

Responsible innovation LCA results

Even though the LCA varies depending on the different factors mentioned before, the following results should give a good indication of the main considerations that Airthings scientists and engineers consider when designing our hardware and software platforms, for lowering the carbon footprint.

Percentage of CO2e emissions from all the life cycle of the products:

Note: The LCAs are internal studies and have not been verified by a 3rd party yet

Responsible innovation LCA results

Actions taken 2022 LCA measures

Reducing the impact of indirect emissions is more complex, but as a company that is committed to minimizing our carbon emissions while also growing in terms of production and revenue, we are taking actions to decrease our environmental impact per product, through our circular principles (Read more on pg: 70 of this report).

Airthings' circular principles and the LCAs helped us with specific results for new products:

When sustainability is integrated into the design process, our products become a win-win-win for our customers, the environment, and the economy.

Monitoring our Green house gas emissions

In 2022, we improved our calculations for GHG emissions in reference to the guidelines from the Greenhouse Gas Protocol, therefore, we are restating the information presented in the 2021 report.

To aid in this process, we utilized a tool called Variable, which allows us to input granular information from our company and suppliers, including financial spending figures, direct energy data, materials, and product life cycle assessments. We also included direct figures from our data centers and logistics partners for 2022. There are granular data missing from 2021 and 2020 that hasn't been provided by the suppliers. Therefore, we used spend data analysis with higher value estimates.

Emissions intensity 2020 - 2022

During the period of 2020-2022, we saw an increase in our total GHG emissions from 3,825 tCO2e in 2020 to 6,691 tCO2e in 2021 to 7,505 tCO2e in 2022. This increase is expected as the company has been growing at a fast pace of 68% growth in revenue from the last 3 years. Meaning more materials in our outsourced production.

However, we were able to maintain consistency in Scope 1 emissions with zero emissions and significantly reduce Scope 2 emissions from 25.79 tCO2e in 2020 to 14.47 tCO2e in 2022. On the other hand, we recognize that our Scope 3 emissions are a significant area of concern as >99% of our emissions belong to indirect emissions.

The emissions intensity measures the amount of greenhouse gas emissions generated per unit of revenue (kgCO2e/revenue). The intensity for Airthings has shown an increase compared to revenue growth since 2020, increasing its emissions intensity from 0.18 in 2020 to 0.2 in 2021 and keeping the intensity of 0.2 kgCO2e/revenue in 2022.

By implementing a deeper due diligence assessment of its supply chain and creating effective environmental practices, the company could position itself as a leader in the industry and demonstrate its commitment to addressing climate change.

Scope 1, 2 & 3 (tCO2)

Green House Gas Scopes 2022

Scope 1

0 tons CO2e

scope 1 GHG emissions

According to the Greenhouse Gas Protocol (GHG Protocol), scope 1 emissions are all direct emissions from sources that are owned or controlled by the company. These emissions come from activities such as the use of internal combustion engines and any other direct emissions from company operations.

Airthings has zero scope 1 emissions because we do not own or control any sources of direct emissions.

Scope 2

14.5 tons CO2e scope 2 GHG emissions

We carefully examine the emissions resulting from the electricity, steam, heating, and cooling that we purchase for our offices in Norway, Sweden, and the US. To calculate our total scope 2 we use various resources like the EPA's calculation tool, Ecoinvent database, and Variable tool, to accurately calculate emissions and consider the specific energy mix of each region where our offices are located.

In 2022, we saw a decrease of 45% in scope 2 as our company saw a 20% decrease in energy consumption due to different strategies established by the building HQ and Airthings.

In 2023 we will set goals to increase the use of renewable energy sources for our office spaces in Texas. Our HQ in Norway, relies heavily on renewable energy sources, specifically hydropower, and we have implemented several measures to decrease energy consumption, such as installing Airthings sensors in our offices.

Scope 3

7490 tons CO2e scope 3 GHG emissions

In 2022, our scope 3 emissions increased by 12% compared to 2021, mainly due to an increase in business travel and sales of our products. We used the Variable tool and Ecoinvent database to calculate these emissions, which accounted for >99% of our total emissions. This makes scope 3 emissions a priority area for us to focus on in order to achieve carbon positive. We established guidelines for business travel and a plan to offset a percentage of these emissions in 2023.

Additionally, our improved LCA study, additional granular information from our logistics operators and data centers, and financial transactions of our products has provided us with more consistent data for our GHG emissions accounting for 2022.

Our main category for carbon emissions was purchased of goods and services accounting for 48.6%, followed by finished products 34% and business travel 7.8%.

The road to zero waste: Water management

What we're doing about water

Airthings' manufacturing is outsourced to companies located in Norway, Tunisia, and Israel. According to the World Wildlife Fund (WWF 2020), Tunisia and Israel are countries with a high risk of water scarcity. Therefore, it is important that we, together with our suppliers, monitor the amount of water consumed. Water consumption has been included in the list of monitored elements for our main manufacturers and is included in our supplier's code of conduct. In 2022, we implemented a constant monitoring system for water for our main manufacturer in Tunisia. We are setting reduction goals for 2023, which will be presented in the 2023 report.

Water consumption at our Oslo headquarters has increased by 25% this year, as employees have returned to the office post-Covid. While water scarcity is not a high risk in Norway, we are committed to reducing our usage and improving efficiency in our supply chain. Our total water consumption in Oslo was 31,720 litres, lower than pre-Covid levels. We do not have direct information on water usage at shared spaces in the US and Stockholm for 2022. We invite you to take a look at the graph to see the evolution of our water consumption throughout the years.

Water consumption (1,000 L)

^{* 2021} US water is an estimate

The road to zero waste: Office Waste

We are committed to reducing waste and striving for zero waste. Our headquarters building is serviced by The Norsk Gjenvinning (NG) Group for waste management. However, as the waste collection is done for the entire building, we cannot access granular information about our direct waste generation.

To estimate our company's average waste generation, we calculated the total waste collected by the building W7 divided by the total building area and further divided by our headquarters area within the building. We assumed 50% of the collected electronic waste is generated by our headquarters.

Airthings and the building have been working together to reduce waste, as evidenced by a 10% decline in overall waste from 2021 to 2022 (graph A).

In 2022, the total waste collected by the building was 23,850kg, of which Airthings generated 6,219kg. Graph B shows the waste composition for Airthings in 2022, with mixed and food waste being the highest contributors.

On the other hand, we are working on improving our waste stream data collection at our headquarters and plan to start monitoring waste at our Fort Worth office in the future.

Total Waste (kg): W7 and Airthings

Airthings W7 Building

The road to zero waste: Product waste

Products Waste Management

In 2021, we expanded our WEEE reporting system to cover all electronic waste streams and established partnerships with reputable electronic waste management companies in EU countries. This ensures proper recycling and disposal in compliance with laws and regulations. When our products come to an end of life, the products should be properly collected and recycled by each European country's WEEE recycling authorities.

In 2023, we plan to expand our waste stream partnerships to other European countries, the United States, and other major markets. We will also encourage proper recycling of our products and packaging. We are committed to finding solutions to minimize electronic waste's negative impact on the environment.

What we need to improve

In order to improve our logistics and reduce the environmental impact of our products, we are considering ways to streamline the distribution of our power-connected device, the Hub, to different regions. Currently, we are including interchangeable sockets with each device, which can lead to wasted electronics for customers who purchase multiple hubs. We are also aware of the issue of unnecessary plastic waste in the form of bubble plastics and reused plastics in our shipping boxes. We are working with our warehouse and packaging operator to quantify and address this issue.

In the U.S. market, we have been repackaging our products for retail in order to comply with market their regulations and market dynamics. These repackaged products come in larger boxes and have on average 28% higher use of cardboard and 14 times more plastic in their packaging. We are actively seeking environmentally responsible solutions to this issue for the US retail market.

Actions in 2022

Through sustainable product innovation, we reduced the size of electronics and plastics in our Space CO2 Mini and started selling them in groups of four in a single packaging to minimize waste. We also used FSC-certified cardboard and designed lightweight, compact packaging to reduce waste and transportation emissions.

Highlights 2022

Educate

1.000.000 people reached with indoor air quality educational content
Monitoring the air for almost 500,000 children in classrooms around the world
New app with reliable access to educational resources on air quality
4.6M Views and 1.3M hours watched: Airthings Masters 2022, where the highlighting the significance of IAQ education to the viewers

Human Rights

97% of our employees received training on Human Rights, Diversity and Inclusion
97% of our employees received training on Anti-Bribery and Corruption
Zero cases of Human rights or harassment reported
100% of our main manufacturers have approved our suppliers' code of conduct

Diversity and Inclusion

Maintained balanced board members: 5 women and 4 men
2 employee representatives in the BOD (gender balanced)
International workforce with 35 nationalities
20 trained hours per employee

Most relevant Airthings ESG Opportunities and Challenges (material issues)

EMPOWER THE WORLD TO BREATHE BETTER

EQUALITY, DIVERSITY AND INCLUSION

EMPLOYEE HEALTH, SAFETY, WELLBEING & DEVELOPMENT

RAW MATERIALS

BUSINESS ETHICS GOVERANCE & TRANSPARENCY

COMMUNITY ENGAGEMENT PROJECTS

Relevance on SDGs

Target 3.9

Airthings recognizes that indoor air pollution is a major contributor to the global burden of disease and that reducing exposure to harmful pollutants is crucial to improving public health.
Airthings aims to help people understand the sources of indoor air pollution and take action to reduce their exposure.

Target 11.6.

• With our sensors, customers can reduce energy use to cut down on air pollution. Urban dwellers also can have better control of what's in the air they breathe by being more aware of indoor air pollutants and how they can impact their health

Target 4.4. - Target 4.7.

Empowering individuals and organizations with technical solutions to improve indoor air quality and health in educational facilities
Expanding knowledge on the importance of indoor air quality through resource pages
Educating our employees in sustainability to enhance their professional skills

Target 10.2 & Target 10.3

• Committed to a diverse and inclusive workforce, with over 30 nationalities, supporting well-being and balance.

Educating and enabling people to breathe healthier air

Radon

Health impacts

Damages DNA
Number 1 cause of lung cancer among nonsmokers
21,000 deaths/yr in the US alone

"Radon is the number 1 cause of lung cancer amongst non-smokers"⁸

Airthings has developed products that provide realtime insights into indoor air quality through sensors and historical data, allowing customers to make informed decisions for improving air quality and mitigating contaminants. Our customers have used this information to implement changes such as improved ventilation, air purifiers, and radon mitigation systems. We aim to help improve indoor air quality for everyone.

Particulate matter

Health impacts

• Fine particles (PM2.5) can get deep into the lungs and some may even get into the bloodstream

7 million people die every year from exposure to fine particles in polluted air. 3.8 million people die every year from exposure to household air pollution.⁹

8. EPA- Health Risk Radon - 2022 REF:

WHO - Air Pollution - 2022

CO2 monitoring is vital

Health impacts

As we breathe out CO2 it can accumulate in poorly ventilated classrooms, lecture theaters, or offices. Excess levels of the gas are linked to complaints like restlessness, drowsiness, increased heart rate and blood pressure, sweating, and headache.11

If CO2 in your educational buildings is high, it could result in tiredness, lower concentration, and underperformance among students and staff.

Measuring CO2 also unlocks a valuable source of data on occupancy. One study suggests that institutions can cut heating and lighting costs by 20-40%11, with a good quality source of occupancy data.

The Airthings for Business solution provides a source of real-time and historical information on CO2 levels that can be used to provide an ideal learning environment in your educational buildings.12

By controlling CO2 and supplying fantastic indoor air quality, you have an opportunity to single out your institution, look after the health and well-being of all building users, and provide the optimum environment to work and learn.

Ref:

1. Association of cognitive functions scores with carbon dioxide 2016
1. Data driven models for building occupancy 2018
1. Ventilation in day care centers 2016

Health impacts Humidity

Mold
Dry skin & eczema
Asthma, allergies, and respiratory illness
Dust mites
Flu
Poor concentration

In the US, just over 10.1% of the population has some form of eczema, with the prevalence rising to 12% of children.¹²

Ref:

National eczema association, Stats - 2022

VIRUS RISK

Health impacts

• CO2, temperature, and humidity combined affect the risk of virus transmission

Raising humidity levels to 43% reduced the percentage of infectious particles to just 14%.¹³

Health impacts LIGHT

Eye strain and eye irritation
Fatigue
Headache
Sleep problems
Disruptions of circadian rhythms
Seasonal Affective Disorder (SAD)

MOLD

Health impacts

Bodily reactions: sneezing, runny nose, red eyes, and skin rash
Eyes, skin, nose, throat, and lungs irritation

21% of Americans with asthma can be attributed to dampness and mold at home 42% of asthma sufferers found mold to be a trigger.¹⁴

REF:

Understanding building-occupant-microbiome interactions toward healthy built environments - 2021

^13. High humidity leads to loss of infectious influenza virus from simulated coughs - 2013

VOC

Health impacts

Short term:

Headache, pneumonia, bronchitis
Nose, throat, eye inflammation, skin irritation
Coughing, painful breathing

Long term:

Affects the central nervous system
(headache, anxiety)
Cardiovascular diseases
Respiratory diseases (asthma, cancer)
Impacts on liver, spleen, blood

Just one week of exposure to VOCs during ordinary life can affect airway inflammation.

Concentrations of many VOCs are up to ten times higher indoors than outdoors.17,18

NOISE

Health impacts

Impaired concentration
Lower cognitive performance
Hearing damage or loss
Disturbed sleep
Cardiovascular issues
Reduced performance
Changes in social behavior

86% of schools exposed to road traffic in the UK¹⁵

22 million workers are exposed to potentially damaging noise at work each year (CDC)¹⁶

PRESSURE

Health impacts

Joint pain
Headaches and more frequent migraines
Decreased productivity in the workplace

Ref:

1. CORE External and internal noise surveys of London primary schools
1. OSHA, Noise 2022
1. EPA What are volatile organic compounds? Impact indoor air quality 2023
1. Exposure to volatile organic compounds and airway inflammation - 2018

A commitment to fresh air: Educating on air quality

Educating people about indoor air quality and its impact on our health is at the core of Airthings' mission. That's why we provide a variety of resources to help people learn about the contaminants in the air they breathe and how to improve their indoor air quality.

One of the ways we do this is through the contaminant's pages on our website, where we provide in-depth information on the various pollutants that can be found in indoor air and the potential health effects they can have. We also have a blog that covers a range of topics, including tips for improving indoor air and the latest research on the subject.

Over the past year, we have reached over 1 million visitors to our resource pages (Hubspot), and our goal is to reach 10 million people about the importance of air quality. We are committed to continuing to provide the best resources and information to help people make informed decisions about their indoor air quality and improve the air they breathe every day. We postponed the Airthings academy that was planned for 2022 until further notice.

Air for Kids is a digital education platform that we developed to teach kids about the importance of air quality in a fun and interactive way. We recognize that air quality is a complex issue, and it can be challenging for kids to understand its impact on their health and well-being. That's why we designed Air for Kids to be engaging and interactive, with quizzes, games, and other educational content that makes learning about air quality both fun and accessible.

Through Air for Kids, we aim to empower kids, parents, and teachers with the knowledge and tools they need to take control of their indoor air quality. Our quizzes had 245 unique visitors and 180 completions of our quiz on indoor air quality. We had >2900 visitors to our website.

In March 2022, we organized an Air for Kids event at the Deichman Bibliotek, Grunnerlokka which was a huge success. >30 kids participated in fun experiments and challenges related to indoor air quality, and they learned about the importance of clean air and how to improve it in their own homes. We were thrilled to see how engaged and excited the kids were, and we believe that this kind of hands-on learning is a powerful way to empower the next generation to take control of their indoor air quality.

Educational Outreach & platforms

Champions chess tour

The Airthings Masters, part of the ongoing Champions Chess Tour, took place in February 2022 and featured the world's top chess players. The tournament was sponsored by Airthings and monitored and shared the air quality levels of our ambassadors during the tournament to raise awareness of the importance of having good indoor air quality and its impact on cognitive abilities, decision-making, and health19.

According to a study published in Journal Management Study, when in a poor air quality room "the probability that chess players would make an error increased by 2.1 percentage points, and the magnitude of those errors increased by 10.8%."20

With this tournament, Airthings aimed to raise awareness about the benefits of healthy indoor environments, and the event was a success with a total of 4.6m viewers tuning in from around the world and over 1.3M hours watched. It was n educational platform to highlight the significance of IAQ to the viewers .

Airthings Radonmap.com

One tool we offer for understanding the presence of radon in your environment is our radonmap.com website, which uses anonymized data from Airthings sensors around the world to provide live radon levels by location. This interactive map allows users to see approximate risk calculations for both yearly and monthly periods. However, it's important to note that radon levels can vary based on a number of factors and we encourage long-term individual monitoring for a more accurate understanding of radon levels in your home.

Indoor air quality and strategic decision making
Chess players face a tough foe: Air Pollution

Educational Outreach & platforms

Radon Awareness Ireland

In May 2022, the EPA in Ireland reported that 170,000 homes were at risk of high radon levels, a significant increase from the previous estimate. As a result, the demand for devices that can detect radon in homes increased. Airthings, a provider of smart radon detection devices, saw a 28% increase in device registrations over the next two months. This helped to address the increased demand and provided more households in Ireland with the ability to monitor radon levels and take appropriate action.

Airthings Library Program

1 in 3 respondents couldn't afford professional radon mitigation to make their homes safe, and those who couldn't afford it tended to be younger and have more people living in the home. Radon exposure is responsible for approximately 16% of lung cancer deaths in Canada. Libraries across Canada offer free digital radon detectors to monitor radon levels and see if DIY solutions like sealing cracks or improving ventilation help. The program has been successful and well-received, with Airthings' Corentium Home devices available for free at 332 libraries, likewise, library members receive a discount on the product.

Air Summit

Airthings Air Summit 2022, had 215 attendees and 16 speakers. This is an increase of 3.4% in visitors from 2021. Throughout the day, attendees heard from a range of speakers who shared their insights on topics such as energy efficiency, indoor air quality, and sustainability. In addition to presentations from industry leaders, there were also panel discussions that allowed attendees to delve deeper into the issues and share their own ideas and experiences. The conference was a unique opportunity to explore the role that sensor technology can play in creating smarter systems to balance air quality and energy in buildings.

Building a culture of inclusion and sustainability

Airthings' success is tied to employee wellbeing. In 2022, we expanded our team and training, promoting inclusivity and sustainability. We prioritize social responsibility in our governance and supplier partnerships for a brighter future.

We believe that by fostering a culture of inclusivity and equality, we can create a workplace where everyone feels valued, heard, and empowered to make a positive impact. We extend this social responsibility to improve sustainability and ethics in our supply chain, partnering with responsible suppliers for a better future.

Our culture

We prioritize our culture at Airthings, which is reflected in our quarterly eNPS survey. Our people are our strength, as they love our supportive, friendly, and open environment. We also value open communication and inclusivity and have launched several initiatives to further strengthen our culture.

One of these programs was the implementation of a self-goal-oriented program, where employees set goals for the end of the year that were both professional and skills-based, in order to achieve their career goals. We also continued with our weekly company-wide meetings, where we share updates, celebrate successes, and discuss any challenges we may be facing. These meetings help to foster a sense of community and inclusivity within our team. In addition, we have regular team-building events and activities, such as team lunches, and off-site strategy retreats, to help build stronger connections

We understand that maintaining a healthy work-life balance is important to the well-being and productivity of our employees, which is why we offer flexible working hours and the option to work remotely when needed. This allows our employees to find the best balance for their individual needs and schedules.

Our people: 2022 numbers

Personal injuries or

Over-represented

Women in Finance, Marketing & Operations teams

1-25%

Women in Project Management, Hardware Software & Sales teams

Balancing gender in the IT industry

We recognize that the IT industry has historically had a low representation of women and strive to improve this balance within our own company of only 27% women in the workforce. Our goal is to have a gender ratio of 40-60% women across all levels and departments. We provide equal career opportunities. Likewise, we are setting new targets for new hires for 2023.

International Women's Day 2022

In 2022, Airthings held its first International Women's Day event, a step towards closing the gender gap within the company. The event celebrated the achievement of having gender balance on the board of directors and featured discussions led by some of the women on the board. The discussions highlighted ways to improve gender equality in the company.

In order to promote diversity and inclusion in 2023, Airthings will focus on implementing programs and enhance its diversity policies to encourage a higher diversity in hiring practices and employee retention, while also fostering a company culture that values and respects diversity. We will continue conducting training sessions with a special focus on unconscious bias for employees and management to raise awareness of issues related to diversity, as well as creating internal initiatives to support and celebrate diversity within the company.

Health and safety incident

100% of the Airthings employees have been trained by Health and Safety measurements following local laws. The system has been implemented based on recognized risk management and standards. We have an employee health and safety representative with a team that handles assessments. We have implemented routines with the correspondent our manufacturing suppliers' actions to take. All our manufacturing suppliers are bounded to have an EHS system in place. During 2022, A summer intern tasked with checking and replacing batteries from one of our products that detected battery leakage of acid on August 1st. The person got acid on their skin, without severe or permanent damage. This incident highlighted the need for Airthings to act regarding the products in employees and customer hands and report it as an HMS event.

In response, Airthings conducted an investigation, reviewed safety protocols, provided protective gear to employees, and reported the incident to prevent similar incidents. A major change it is mandatory to use protective equipment when manipulating batteries.

Our internship program

The summer internship at Airthings is an event that lasts from mid-June until mid-August. Most departments have some interns each. In total, the number of interns at Airthings has been between 15 -20 interns every year. Through the summer they get hands-on experience working with Airthings employees. Apart from the work they do we also have a social event calendar through the summer, making sure there are social activities where the interns can get to know each other cross-department as well as get to know Airthings employees. Events are happening every week and can be anything from a hike in the forest to zip lining from the ski jump in Holmenkollen, Oslo.

Hackathons

In 2022 we organized three hackathons that generated a lot of ideas and proof of concepts for improving existing technical solutions and introducing new innovations. Some highlights include blockchain technology, solutions to battery drainage, particle measurement, Apple HomeKit support, cost estimates, backoffice improvements, and controlling home ventilation systems using Airthings devices. We had a total of 31 teams participating making it an exciting hackathon year.

Building a culture of human rights

Airthings recognizes that good health and wellbeing are fundamental human rights and that they are essential for achieving sustainable development. We believe that everyone has the right to breathe clean air, and that improving indoor air quality is a critical.

We have prioritized human rights and zero harassment as a goal. We have multiple ways for employees to report incidents or raise concerns, including speaking with managers, HR and CEO roundtables, and an internal reporting mechanism. No human rights violations or harassment were reported in 2022. 97% of employees received human rights training and will continue to receive yearly training with a focus on the electronic industry in 2023. The 3% missing was due to maternity leave or other types of leave where they couldn't participate in the training.

Supply chain monitoring

We have achieved our goal of having our main manufacturers sign and comply with our code of conduct and we are now requiring all new suppliers to do the same starting in 2023. We have also increased our engagement with our long-term manufacturing partners and material suppliers in Tunisia, to ensure they align with our ESG efforts.

Airthings conducts regular quality and ESG audits of its main manufacturers. We have not identified any human rights violations at these locations, even though they are in countries with a high human rights risk profile as Tunisia and Israel. Our supply chain can report incidents or violations through our anonymous whistleblower platform on our website.

Enable responsible sourcing through collaboration and information gathering with our supply chain partners
Simplify supply chain transparency through easyto-use tools and services
Protect people, the environment, and business by proactively identifying and managing risks
Audit our main manufacturer by end of 2023 with Sedex Members Ethical Trade Audit (SMETA)
Fully comply with the Norwegian Transparency act by due diligence of our supply chain
Screening potential suppliers on environmental, social, and governance (ESG) criteria
If a supplier does not meet standards, they are rejected, but if issues can be addressed, a timeline is provided for improvements.

Due to restructuring, we were unable to conduct an audit on our main manufacturers, but we are committed to continuous improvement and aim to have them audited through SMETA by end of 2023. We have had no reported cases of human rights violations or child labor from our main manufacturers.

Highlights 2022

Enable

We achieved 23% YoY growth in consumer device registration
Secured \$4.6M contract with a large global enterprise to support their employee return-to-work efforts and promote sustainable facility operations.
In 2022, on average monitors reported an improvement in radon levels 52% of the time when compared to the previous year
Average radon levels reported by all monitors have decreased from 115 bq/m3 in 2019 (fair level) to 96 bq/m3 (good level) in 2022
50% of Home device users surveyed in the USA found high radon values and almost 75% took action to mitigate the problem

Circular

Space CO2 Mini was launched with:
The lowest manufacturing environmental impact among our products
Increase battery lifetime up to 10 years
58% decrease in CO2 emissions in the manufacturing phase
84% decrease in the emissions from the PCB

EcoVadis

Awarded EcoVadis Gold Medal
Scored higher than 97% of the companies than all rated companies in EcoVadis
Established 1 new policy on Anti-bribery and Corruption
Established an anonymous whistle-blower platform/channel for our entire supply chain
We completed the certification process for ISO 27001 (waiting for audit approval)

Most relevant Airthings ESG Opportunities and Challenges (material issues)

CLIMATE CHANGE

EQUALITY, DIVERSITY AND INCLUSION

EMPOWER THE WORLD TO BREATHE BETTER

INNOVATE FOR A CIRCULAR ECONOMY

BUSINESS ETHICS GOVERANCE & TRANSPARENCY

DATA PRIVACY & SECURITY

Relevance on SDGs

Target 3.9

Airthings' radon monitors are helping users to maintain healthy indoor air quality levels.
Airthings' users are effectively managing their indoor air quality and taking appropriate action to reduce radon levels
Airthings is committing to playing a role in reducing the number of deaths and illnesses caused by indoor air pollution and hazardous chemicals.

Target 8.2 ; Target 8.5 ; Target 8.7. & Target 8.8.

Airthings helps companies create healthier workspaces that promote productivity by providing insights into the indoor air quality of their offices
Improving the efficiency of buildings helps our business customers save money, grow their businesses, and promote economic growth through energy savings

Target 11.6.

Helping our customers balance indoor air quality and energy savings in buildings.
Promote healthy and sustainable cities and communities around the world

Target 13.1. & Target 13.3.

Our dashboard provides customers with the insights they need to make datadriven decisions to have a positive impact by reducing their energy consumption
By decreasing the size and weight of our new products, we are able to minimize waste and reduce the impact on natural resources required for production and transportation

Enabling datadriven decisions

for our customers

Enabling better datadriven solutions

for our customers

New app

Airthings has released a new app designed to help users act when their indoor air quality is poor.

The app features a color-coded indicator system that aggregates and summarizes data into actionable insights, enabling users to identify when and where action is needed. The app proactively notifies users of poor air quality.

The improved data capabilities allow users to access all their data and history, complete with graphs and timestamps.

Airthings' cloud-first approach allows for quicker updates and expanded capabilities to aid users in their quest for cleaner air. In 2023, Airthings will release new features and products to empower users to act.

16:38 O
	Home		╅
Latest	24h	7d	30d
	Living room 8 min ago
$\lambda$	Hub is connected		$\times$
$\frac{\Delta\Delta}{\Delta}$	Radon 10.0 $Bq/m^3$	Good	$\mathcal{P}$
$\substack{0.0 \ 0.0 \ 0.0}$	PM2.5 9.0 $\mu$ g/m ³	Good	5
C	CO ₂ 771.0 ppm	Good	$\mathcal{P}$
$\Rightarrow$	VOC 58.0 ppb	Good	$\mathcal{P}$
$\circlearrowright$	Humidity 29.0%	Fair	$\mathcal{P}$
0.00	D _N4 1	0.01 _cm	$\sim$

Improving the health& well-being of our customers

Airthings' data collected from our devices in the field (end of 2022) indicates positive improvements in radon readings. On average monitors reported an improvement in radon levels 52% of the time when compared to the previous year. Additionally, the percentage of "ok radon levels" reported by monitors has steadily increased from 78.38% in 2019 to 83.72% in 2022. Average radon levels reported by all monitors decreased from 115 bq/m3 (fair level) in 2019 to 96 bq/m3 (good level) in 2022. These numbers might indicate that Airthings' users are effectively managing their indoor air quality and taking appropriate action to reduce radon levels22.

Airthings' Home device has proven to be a valuable tool for detecting high radon values, with over 50% of surveyed users in the USA discovering high levels of radon and almost 75% taking action to mitigate the problem (Airthings survey).

Red radon red hours vs total radon hours

Average radon levels

Radon improvement from 52 weeks ago

Ref:

https://www.airthings.com/newsroom/air-report-radon-2022

note and assumptions: We are comparing the difference against the same time previous year. We only included devices that came online before end 2021.

We assumed that since the data is tracking all "red hours" vs. "non-red hours" reported, this means that we are looking at all the hours where the measurement was below 150bq/m3 (4 pCi/L) Thera are other factors that might contribute to these Radon level improvements like, Radon fluctuation year by year, weather, battery drainage, devices being moved to different room.

Improving the health& well-being

of our customers

Airthings products can help users detect potential health hazards in their homes. Recently, a customer credited their Airthings VOC sensor with saving their life by detecting carbon monoxide from a gaspowered water heater in their home, which their CO2 monitors had failed to do23.

" Hello, Airthings. Thank you for saving my life. For nearly 3 months I've been suffering from headaches, migraines, neuropathy, debilitating fatigue, facial rash, cognitive decline, as well as kidney and liver issues and recently anomalous proteins in my blood. My Airthings system revealed that VOCs in my home were spiking after the hot water was used. It turned out I was being poisoned by carbon monoxide from a gas-powered water heater in my crawl space. I have CO monitors on every floor of my home and in the crawl space, but none of them (all by the same company) alerted me even though the crawl space must have been saturated with CO. Without my Airthings system to alert me to the patterns of VOC spikes in the house, my doctors and I would not have figured out what was happening to me, and it's quite likely that eventually, CO levels would get high enough to kill me in my sleep. My Airthings air monitoring system is literally the most valuable purchase I have ever made in my life. I guess you can say I'm a satisfied customer. I will never live in a home without an air quality monitor again, and it's going to be made by Airthings. My carbon dioxide monitors failed me. Airthings saved me. Y'all should be proud of what you do " – Anonymous Airthings customer

Awarded Gold and going for platinum

One of the most exciting accomplishments in 2022 was achieving a GOLD EcoVadis sustainability rating, which is known as "The World's Most Trusted Business Sustainability Ratings." This recognition highlights our commitment to sustainability and demonstrates our progress in this area.

This early success is extremely positive, as it confirms that the actions, we have taken on our sustainability journey have been effective. It also shows that we have a strong foundation in place to continue our progress and achieve even greater results in the future.

This independent evaluation covers various aspects such as the environment, ethics, labor, human rights, and sustainable procurement of a company. We were thrilled to receive a gold ranking, putting us in the top 5% of companies assessed. This is our first year being considered, and we are extremely proud of our high score and are dedicated to continuously improving our performance. In comparison to the overall industry, we ranked higher than 97% of our peers, which is an outstanding achievement. We improved our overall score from 58 pts to 73 pts out of 100 pts.

What's next with Airthings & EcoVadis?

As for Airthings and EcoVadis, the journey continues! With the results of our assessment, we have a clear direction on where to improve and we will strive for a Platinum ranking. Additionally, by being part of the EcoVadis network we connect with partners and suppliers that share the same values as us

We are particularly proud of our strong environmental, and human rights policies, anticorruption policies. Likewise, our carbon accounting management system and specific targets, and detailed product life cycle assessments, are reflected in our score. We will continue to build on our strengths while identifying and developing plans to tackle any environmental and social risks. One of our main focuses in the near future is sustainable procurement.

We will strive to enhance our purchasing policies to meet high ESG standards. Additionally, we will work on certifying our emissions reduction targets and improving our environmental management system in the company and within our main manufacturers.

Strengthening our governance

In 2022, we continued to strengthen our governance by implementing six policies and guidelines to ensure that we operate as a highly trusted company. In order to further promote ethical behavior, we introduced new preventive measures such as anti-bribery and anti-corruption policies and training. In the next graph, you can visualize how our governance is organized:

Suppliers' code of conduct & sustainable procurement guidelines

We also provided training on human rights to ensure that all employees are aware of our policies and their role in maintaining the integrity of the organization. These efforts have been a key factor in enhancing our reputation and building trust among stakeholders.

Policies, principles and guidelines

Circular design principles

Airthings is committed to creating products that are designed with circular principles in mind. We focus on using responsible materials and manufacturing, reducing our energy and carbon footprint, and enhancing the overall product experience, including its end-of-life.

Throughout 2022, we put the Airthings Circular Principles to the test by applying them to two main products, the Space CO2 Mini and the Airthings app. We considered these principles throughout the entire design and project management process, considering the product's life cycle and end-of-life.

By doing so, we were able to make responsible decisions while providing the best overall value with the lowest environmental and social impact. The results have been truly impressive, with a significant reduction of 58% in CO2 emissions and 74% less plastic usage compared to the Wave Plus (read more on pg 39). As a result, the Space CO2 Mini has become the most environmentally responsible product in the Airthings' catalog, proving that our commitment to circular principles is not just lip service, but something we truly strive to implement in our products.

Therefore, we empower the world to breathe using these principles:

Responsible sourcing & manufacturing

Ensure fair working conditions in our supply chain
10 years durable products and conflict-free materials
Keep waste and hazardous chemicals out of the product life cycle

Reduce energy & carbon footprint

Give value to effective and renewable energy
Minimalize the size/volume/weight of the PCB, product housing plastics and packaging
Design for minimum energy consumption
Minimize the transportation environmental burden

Reinforce the product experience & its end of life

Create such an awesome experience that the clients will use it for 10 years
Inclusive products for our customer segment
A simple dismantle experience (to properly maintain, repair, reuse, refurbish, and recycle)

Human Rights, Diversity and

To ensure compliance with our Human Rights, Diversity, and Inclusion Policy, all Airthings employees are required to read and sign the policy and receive training on human rights, diversity, and inclusion.

In 2022, 97% of employees have read and signed the policy and were trained on human rights, and diversity. This policy is also incorporated in our employee handbook to ensure full compliance. The employees missing signature or training are either on paternity leave or on sick leave during the period, once they return, they will be receiving their training.

Anti-bribery and corruption policy

Airthings is committed to maintaining the highest standards of integrity and ethical conduct in all our business activities. As part of that commitment, we have established an antibribery and corruption policy to prevent and detect any unethical behavior. This policy applies to all employees, officers, directors, and agents of the company and prohibits bribery and any other form of corruption or illegal activity.

In 2022, 99% of employees have read, signed, and received training on our Anti-Bribery and Corruption Policy to ensure full compliance and understanding. The policy is also incorporated in our employee handbook for ongoing reference and as a preventive measure.

Travel guidelines

Inclusion policy We believe that connecting with people across the globe is a key part of growing as an international company. But we also know that business travel comes with environmental and financial impacts. Our guideline includes tips and tools to help Airthings employees balance the carbon emissions, time, and cost associated with transportation and make the most of their journey.

Procurement guideline

This guideline follows our circular principle to reduce our environmental footprint and our responsibility for ensuring fair materials and working conditions from our suppliers. It structures Airthings' purchasing processes so that the acquired products or services are the result of a transparent, objective, cost-effective decision, providing the best overall value with the lowest environmental and social impact, and following business ethical standards.

Suppliers code of conduct

To mitigate indirect environmental and social risks, we established a Supplier's Code of Conduct in October 2021. We developed our first version based on the electronic industry standards, following the Responsible Business Alliance and the Responsible Mining Association standards as a guide. As stakeholder engagement is a priority in the way we work, we held workshops with our main manufacturers through a participatory methodology to create this policy.

Throughout 2022 our main manufacturers in Tunisia and Israel either signed or we approved of their code of conduct. Likewise, we plan to have 100% of all first-tier and new suppliers sign this code of conduct and go through a monitoring assessment throughout 2023, to comply with Norwegian Transparency Act.

IT security

At Airthings, we see information security as a fundamental part of our business. To ensure a Process of continuous improvement, we have An information security management system (ISMS) that is based on ISO 27001 and integrated into our overall risk management and corporate governance structure. We are ISO 27001:2022 certified.

A fundamental part of our ISMS is our policy for information security. The purpose of this policy is to outline a strategy and define the principles, objectives, roles, and responsibilities for information security at Airthings.

Airthings' policy for information security applies to all information processing at Airthings, both internally and where Airthings is the responsible party externally. This includes all processing, storage, and communication of information (orally, on paper and digitally), as well as all use of information communication technology (ICT) tools. The policy for information security is valid both for how Airthings operates internally and for the products that we create and sell.

Report and incident - whistleblower

Airthings has a robust whistleblower program with a non-retaliation policy that ensures anonymity for those who report concerns. The platform is accessible to all parties and maintains confidentiality.

An independent Assessment Team handles reported cases that violate human rights and diversity policy. The team follows standardized procedures and ensures full confidentiality for whistleblowers and reported cases. Any employee or stakeholders in the supply chain can report violations to the Assessment Team through the whistleblower channel. No reports have been received since the program's launch.

Highest Governance structure and board of directors statitistics

Airthings has a well-defined governance structure in place, with the Board of Directors being ultimately responsible for corporate governance. The Board provides oversight and guidance on the company's strategic direction, risk management, and compliance with relevant laws and regulations. In addition, Airthings has an Audit Committee that oversees the group's compliance function on behalf of the Board, ensuring that the company is adhering to its ethical and legal obligations. Airthings' Management serves as the first line of guidance to employees with questions about the Code of Conduct, and how it applies to specific situations. The Board of Directors also approves the sustainability report, ensuring that the company's sustainability initiatives are aligned with its overall strategic direction and long-term goals.

We are committed to diversity and inclusion, and this is reflected in our Board of Directors, which comprises a 56-44 balance of men and women, 5 men and 4 women. In addition, we also have 1:1 balanced gender employee representatives who serve on the board.

None of our nominally independent directors have any affiliation with the company, controlling shareholders, the CEO, or other insiders. Out of the board members, three are affiliated with Firda, and two are employee representatives.

We are proud to note that the company does not have a controlling shareholder. To provide additional oversight, we also have an external audit in addition to the board of directors. This helps us maintain transparency and accountability, as well as adhere to best practices in corporate governance.

Community engagement

UNICEF

At the beginning of 2022, Airthings employees contributed to a donation for the children of Ukraine. The donation was a total of 80,000NOK, Airthings also raised \$12,00 USD for Unicef through the Champions Chess Tour Charity Cup. A signed View Plus device (by Magnus Carlsen) was auctioned off during the broadcast with 100% of the proceeds going towards UNICEF aid in Ukraine.

Airthings partners with Long Love

November 17th is World Prematurity Day, which aims to raise awareness about the challenges associated with preterm birth. Each year, approximately 15 million babies are born prematurely, accounting for about 1 in 10 of all babies born worldwide. Preterm babies are more susceptible to respiratory diseases and carry an increased vulnerability to different health problems later in life. Airthings has partnered with the Long Love initiative to support their research on the effects of indoor air pollution on respiratory health in preterm babies. The study will provide participants with an Airthings air quality monitor for one year, empowering parents and healthcare professionals to optimize the air they breathe and promote healthy lung development.

Hånd i hånd Uganda

Airthings donated 8 laptops to HIHU, a Norwegian aid organization that provides education to disadvantaged children and youth in Uganda. They operate a school for children with disabilities and offer support to impoverished children through a sponsorship program that covers preschool to secondary education. They also run a girls' project that educates teenagers about hygiene, menstruation, and sexuality. HIHU emphasizes the importance of self-reliance, and parents are expected to contribute to their children's education. The organization has a low administrative cost and is staffed primarily by Ugandans. They seek additional funding to improve the children's diet, hire a physiotherapist, and expand their projects.

Norwegian Asthma and Allergy Association Lung Association

Airthings has partnered with the Norwegian Asthma and Allergy Association to combat the rising incidence of allergies, asthma, and other hypersensitivity diseases. Together, we aim to slow down the development of these conditions and help those who already have them live as comfortably as possible. By promoting clean and healthy indoor air quality, we hope to make a positive impact on the health and well-being of people everywhere.

Conclusion

Airthings is dedicated to promoting sustainability and environmental responsibility. This commitment is reflected in the company's culture, which has implemented various initiatives to reduce its environmental impact. These initiatives include incorporating circular design principles into product designs, balancing energy and air quality for customers, reducing CO2e emissions, and offsetting direct shipments.

The first few years of the sustainability journey have been focused on mitigation and prevention measures, establishing goals and policies, gathering baseline data, and taking both small and big steps toward sustainability. Moving forward, the company will continue to focus on mitigating its direct impacts and gaining a deeper understanding of these impacts through comprehensive analysis and supply chain mapping. This will enable it to take targeted actions to further reduce its environmental impact.

Airthings is also dedicated to promoting diversity and inclusiveness within its company culture. The company offers equal opportunities to all employees, regardless of cultural background, gender, or other differences. To this end, Airthings has set targets for improving its gender and cultural representation at all levels of the organization. The company recognizes the importance of a diverse and inclusive workplace and is committed to fostering a culture that values and celebrates differences, encourages collaboration and teamwork, and provides opportunities for personal and professional growth for all employees.

The company is aligned with the United Nations Sustainable Development Goals and follows the UN Global Compact principles. Airthings is committed to doing its part in creating a sustainable future, working with employees, customers, and partners to make a significant impact. The journey ahead holds opportunities, and the company is eager to continue toward a sustainable future.

Appendix

Airthings material topics and UN Global Compact principles

Material Topics	Principle 1: Business should support and respect the protection of internationally proclaimed human rights	Principle 2: make sure that they are not complicit in human rights abuses	Principle 3: Businesses should uphold the freedom of association and the effective recognition of the right to collective bargaining	Principle 4: The elimination of all forms of forced and compulsory labor	Principle 5: The effective abolition of child labor
Climate Change		•	•	•	•
Waste management		•		•	•
Empower the world to breathe better		•	•		•
Innovate for a circular economy	•	•	•		•
Data privacy	•			•	•
Raw material sourcing	•			•
Equality, diversity and inclusion	•	•	•	•	•
Employee health and safety	•	•	•	•	•
Water containment	•			•
Business ethics	•	•	•	•	•
Community engagement and Air for kids		•	•		•

Material Topics	Principle 6: The elimination of discrimination in respect of employment and occupation	Principle 7: Businesses should support a precautionary approach to environmental responsibility	Principle 8: Undertake initiatives to promote greater environmental responsibility	Principle 9: Businesses should encourage the development and diffusion of environmentally friendly technologies	Principle 10: Businesses should work against corruption in all its forms, including extortion and bribery
Climate Change		•	•	•	•
Waste management		•		•	•
Empower the world to breathe better		•	•		•
Innovate for a circular economy	•	•	•		•
Data privacy	•			•	•
Raw material sourcing	•			•
Equality, diversity and inclusion	•	•	•	•	•
Employee health and safety	•	•	•	•	•
Water containment	•			•
Business ethics	•	•	•	•	•
Community engagement and Air for kids		•	•		•

ESG Metric	Unit	2020	2021	2022
GHG emission scope 1	tCO2e	0	0	0
GHG emission scope 2	tCO2e	25.79	26.53	15

GHG emission scope 3	tCO2e (Estiimates)	3,798	6,665	7,490

Total energy consumption Norway	KWH	111,044	112,506	91,204

Total energy heating and cooling Norway	KWH	58,062	69,983	56,944

Total energy consumption Sweden	KWH	131	446	543

Total energy Heating and cooling - SWEDEN Total energy consumption USA	KWH KWH	311 5,460	1,186 7,047	1,091 11,500

Total energy Heating and cooling - USA	therms	646	-	-
	KgCO2e/USD
Carbon Intensity	revenue	0.18	0.21	0.21

Share of renewable energy consumption Oslo
and Stockholm (Nordic Energy Mix)	%	70% - 99%	70% - 99%	70% - 99%

Share of renewable energy consumption USA
(Chicago 2020,2021 - Texas Energy Mix)	%	29%	29%	29%
Water Usage	Litres	23,780	25,280
Hazardous Waste	Tonnes	N/A	N/A	N/A
Total Employees end of year	Number	108	139	141
Full time employees end of year	Number	90	115	124
Employee Absence Board Gender Diversity	% % female	- 43%	3.8% 50%	1.40% 44%
Gender Balance total employees	% female	27%	28%	27%
Females in top leader positions	% female	-	40%	38%
Average salary Female	NOK	-	-	785,000
Average salary Male	NOK	-	-	850,000

Employees who left the company	Number	-	-	50 = 14 female

New employees hired	Number	-	-	48 = 14 female

Number of promotions	Number	-	-	37 = 15 female
Number of Nationalities	Number	30	35	34
Employee satisfaction Score	Number	-	46	40
Corruption or bribery cases	Number	none	none	none
Human rights violations cases	Number	none	none	none
Child or fourced labor violations cases	Number	none	none	none
Occupational Health and Safety	Number	0	0	1
Trainings on Anti Bribery	Number	0	0	137
Trainings on Human Rights	Number	0	0	137
	Number of
Manufacturing suppliers' trainings on ESG topics	manufacturers	0	2	0

GRI Index

GRI content index
Statement of use			period January 2021 - January 2022.		Airthings ASA has reported in accordance with the GRI Standards for the
GRI 1 used		GRI 1: Foundation 2021
Applicable GRI Sector				Theres no specific standard for the technology sector.

GRI STANDARD/ OTHER SOURCE	DISCLOSURE	LOCATION In the Sustainability			OMISSION
		Report (pg.)	REQUIREMENT (S) OMITTED	REASON	EXPLANATION
General disclosures
		3,7 Annual report pg:
		Website and investors site
	2-1 Organizational details 2-2 Entities included in the organization's sustainability reporting	3,7; Annual report pg:
	2-3 Reporting period, frequency and contact point A gray cell indicates that reasons for omission are not permitted for the disclosure or that a GRI Sector Standard reference number is not available.
GRI 2: General Disclosures 2021 information	2-4 Restatements of 2-5 External assurance	5,4 $3 - 7;21$
	2-6 Activities, value chain	22,23,25,39,59,71
	and other business relationships	,72
	2-7 Employees	55-59
	2-8 Workers who are not employees	31
	2-9 Governance structure	72
	and composition	Annual report pg:12-13
	2-10 Nomination and	Website and
	selection of the highest governance body	investors site
	2-11 Chair of the highest	Website and
	governance body	investors site
	2-12 Role of the highest	72
	governance body in overseeing the	Website and
	management of impacts	investors site
	2-13 Delegation of responsibility for managing impacts	Website and investors site
	2-14 Role of the highest governance body in sustainability reporting	72
	2-15 Conflicts of interest	Website and investors site
	2-16 Communication of critical concerns	Website and investors site
	2-17 Collective knowledge of the highest governance body	Website and investors site

	2-18 Evaluation of the	Website and
	performance of the highest	investors site
	governance body
	2-19 Remuneration	Annual report pg
	policies	18, 69; note 7.1
	2-20 Process to determine	Annual report pg
	remuneration	18, 69; note 7.1
	2-21 Annual total	81			Airthings could quantify this data but hasn't
	compensation ratio		Requirements	Information	done the calcualtions for this period, but plans
			A.B. and C.	unavailable/incomplete	to do in 2023 period.
	2-22 Statement on	5,6,21,22,72
	sustainable development
	strategy
	2-23 Policy commitments	70,71,72
	2-24 Embedding policy	70,71,73
	commitments





		Code of Conducts
		and policies			Go to supliers code of conduct & Human rights
		website			policies.
	2-25 Processes to	70,71,73
	remediate negative	Code of Conducts
	impacts	and policies			Go to supliers code of conduct & Human rights
		website			policies.
	2-26 Mechanisms for	70,71,73

	seeking advice and raising
	concerns
		70,71,73
		Code of Conducts
	2-27 Compliance with	and policies			Go to supliers code of conduct & Human rights
	laws and regulations	website			policies.
	2-28 Membership	3,8,68,73
	associations
	2-29 Approach to	23
	stakeholder engagement
	2-30 Collective bargaining	12, 56, 57, 60			We dont have any collective agreements but
	agreements				we dont oppose collective bargaining.
Material topics

GRI 3: Material	3-1 Process to determine	$23 - 27; 81$			A gray cell indicates that reasons for omission are not permitted for the disclosure or that a
Topics 2021	material topics				GRI Sector Standard reference number is not available.
	3-2 List of material topics	$23 - 27$
Economic performance
GRI 3: Material	3-3 Management of	$23 - 27$
Topics 2021	material topics
	201-1 Direct economic	Annual Report:
	value generated and	Section 2 from
	distributed	Pg 30
	201-2 Financial	25
GRI 201:	implications and other
Economic	risks and opportunities due
	to climate change
Performance	201-3 Defined benefit plan	Annual Report
2016	obligations and other	Pg 36
	retirement plans
	201-4 Financial assistance	Annual Report
	received from government	Pg 35

Market presence
GRI 3: Material	3-3 Management of	$23 - 27$
Topics 2021	material topics

	202-1 Ratios of standard				We follow the Norwergian employment
	entry level wage by gender				market wage and our business sector. We
	compared to local				dont have hourly wages for our FTEs.
	minimum wage				Consultants are paid according to their
				Not applicable	services.
GRI 202: Market	202-2 Proportion of senior				We are not manufacturers, and the
Presence 2016	management hired from				amnufacturing process is done by a 3rd party.
	the local community				In Airthings. We at Airthings define ourselves
					a global community, therefore we work to
					have a global workforce. As a global brand we
					are working on inclusive measures to have the
					best talent from all over the world.
				Not applicable
Indirect economic impacts
GRI 3: Material	3-3 Management of	$23 - 27; 31$
Topics 2021	material topics
	203-1 Infrastructure investments and services	8, 23, 24, 25, 73
GRI 203: Indirect	supported
Economic	203-2 Significant indirect	8.
Impacts 2016	economic impacts	23, 24, 25, 32, 33, 64
		,74
Procurement practices
GRI 3: Material	3-3 Management of	23 - 27; 34; 71,72		Information
Topics 2021	material topics			unavailable/incomplete
	204-1 Proportion of				Airthings hasnt defined local, or has a
	spending on local suppliers				monitoring of spent in local operations, but
GRI 204:					plans to do in 2023 period. As we are not a
Procurement					manufacturing company, the requirements are
Practices 2016					not applicable, But we work closely with our
				Information	main manufacturers to build an inclsuive
Anti-corruption			Requirements A.	unavailable/incomplete	procurement process.


GRI 3: Material Topics 2021	3-3 Management of material topics	15; 23 - 27; 57,
	205-1 Operations	60, 71, 81 $23 - 27$
	assessed for risks related
	to corruption
	205-2 Communication and	15; 57; 60, 71			We havent done internal trainings on anti
	training about anti-				corruption to highest governance body. We
GRI 205: Anti-	corruption policies and				omitted calculating the separation by region as
corruption 2016	procedures		Requirements D.,	Information	all employees from all regions received the
			С.	unavailable/incomplete	training. This will be considered in 2023.
	205-3 Confirmed incidents	15; 57; 60, 72, 81			No incidents in 2022.
	of corruption and actions
	taken
Anti-competitive behavior
GRI 3: Material Topics 2021	3-3 Management of material topics	15; 23 - 27; 57, 60, 71, 81
	206-1 Legal actions for anti-
GRI 206: Anti-	competitive behavior, anti-				We have no pending actions regarding
competitive	trust, and monopoly	Anti-bribery and		Information	anticompetitive behavior so we dont report on
Behavior 2016	practices	corruption policy		unavailable/incomplete	this.
Tax
GRI 3: Material	3-3 Management of	$23 - 27$
Topics 2021	material topics
	207-1 Approach to tax	Annual report: pg
		39-41
	207-2 Tax governance,	Annual report: pg
	control, and risk	39-41
	management 207-3 Stakeholder
	engagement and				We do not have lobyying work or stances realted to tax for influencing any of this public
GRI 207: Tax 2019	management of concerns			Information	decision. We adhere to the current tax laws in

	207-4 Country-by-country	Annual report: pg			We report taxes in Norway, Sweden and USA,
	reporting				our legal entities, but we dont disclose them
					separately in our annual report due to the main

				Information	operations are held by Norwegian Entity.
				unavailable/incomplete
Materials
GRI 3: Material	3-3 Management of	23 - 27; 36-39;
Topics 2021	material topics	43,44,81
	301-1 Materials used by	36-39; 43,44, 81
	weight or volume
	301-2 Recycled input	36-39; 44, 81			We are currently not using recycled input
	materials used			Currenly incomplete;	materials in our products.
GRI 301:			Requirements A.	Currently not applicable
Materials 2016	301-3 Reclaimed products	36-39; 43,44, 81			We are not having a reclaiming project at the
	and their packaging				moment at Airthings. We are working on
	materials				having a project for this but hasn't been
			Requirements B.	Currenly Incomplete;	prioritized yet.
			C	Currently not applicable
Energy
GRI 3: Material	3-3 Management of	$23 - 27$ ; $36 - 41$ ,
Topics 2021	material topics	81
	302-1 Energy consumption	40-41; 81
	within the organization

	302-2 Energy consumption	40-41; 81
	outside of the organization
GRI 302: Energy
2016	302-3 Energy intensity	40-41; 81
	302-4 Reduction of energy	40-41; 81
	consumption
	302-5 Reductions in	36-39; 40-41; 81
	energy requirements of
	products and services

Water and effluents
GRI 3: Material	3-3 Management of	23 - 27; 42, 81
Topics 2021	material topics
	303-1 Interactions with	42
	water as a shared				Airthings is not a high consumer of water in
	resource				offices. There is high risk water consumption
	303-2 Management of	42
GRI 303: Water	water discharge-related		Requirements	Information	in our supply chain. We are working to have
and Effluents	impacts		A.B.C. and D.	unavailable/incomplete	an improved overview of the water
2018	303-3 Water withdrawal		42 Requirements	Information	consumptino in our supply chain. We need to improve in our monitoring.
			A.B.C. and D.	unavailable/incomplete
	303-4 Water discharge		42 Requirements	Information
			A.B.C.D. and E.	unavailable/incomplete
	303-5 Water consumption	42
Biodiversity
GRI 3: Material	3-3 Management of	$23 - 27$
Topics 2021	material topics			Not applicable
	304-1 Operational sites
	owned, leased, managed
	in, or adjacent to, protected
	areas and areas of high
	biodiversity value outside
	protected areas			Not applicable	We do not work in biodiverse protected areas.
	304-2 Significant impacts				We havent identified Biodivierstiy as a high
GRI 304:	of activities, products and				risk impact in our risk assessment
Biodiversity 2016	services on biodiversity			Not applicable
	304-3 Habitats protected or
	restored			Not applicable
	304-4 IUCN Red List
	species and national
	conservation list species
	with habitats in areas affected by operations			Not applicable

Emissions
GRI 3: Material	3-3 Management of	23 - 27; 36-41; 81
Topics 2021	material topics
	305-1 Direct (Scope 1)	40-41; 81
	GHG emissions

	305-2 Energy indirect	40-41; 81
	(Scope 2) GHG emissions

	305-3 Other indirect	40-41; 81
	(Scope 3) GHG emissions

GRI 305:	305-4 GHG emissions	40-41; 81
Emissions 2016	intensity
	305-5 Reduction of GHG	40-41; 81
	emissions
	305-6 Emissions of ozone-	40-41; 81			We dont monitor ODS
	depleting substances		Requirements	Information
	(ODS)		A.B.C. and C.	unavailable/incomplete
	305-7 Nitrogen oxides	40-41; 81			Our calcualtions are total CO2e but we have
	(NOx), sulfur oxides				no follow up of these separately
	(SOx), and other		Requirements	Information
	significant air emissions		A.B. and C.	unavailable/incomplete
Waste
GRI 3: Material	3-3 Management of	23 - 27; 43-44
Topics 2021	material topics
	306-1 Waste generation	24 - 27; 43-44
	and significant waste-			Information
	related impacts			unavailable/incomplete	Airthings is not a high waste disposal in offices. There is high risk in electronic waste in our supply chain, in the proper disposal of
		43-44	Requirement A.
	306-2 Management of
	significant waste-related				batteries by the users and when our products
	impacts				are not being used anymore by the user. We
GRI 306: Waste	306-3 Waste generated	43-44			are working to have an improved overview of the waste disposal in our supply chain. We
2020	306-4 Waste diverted from	43-44		Information
	disposal			unavailable/incomplete	need to improve in our monitoring. We are
	306-5 Waste directed to	43-45			constantly improving giving options for our
	disposal				customers disposal of batteries and
					electornics. We need to add the flows of
			Requirement	Information	disposal in 2023 report
			B.C.D.E.	unavailable/incomplete
	Supplier environmental assessment
	GRI 3: Material 3-3 Management of	23-27;17,30-
Topics 2021	material topics	44,71,72
	308-1 New suppliers that	17,46,60,71,72
	were screened using
	GRI 308: Supplier environmental criteria
Environmental	308-2 Negative	17,46,61,71,72
	Assessment 2016 environmental impacts in
	the supply chain and
	actions taken
Employment
GRI 3: Material	3-3 Management of	23-27; 46, 57; 81
Topics 2021	material topics
	401-1 New employee hires	57; 81
	and employee turnover

GRI 401:	401-2 Benefits provided to	57; 81
Employment	full-time employees that

2016	are not provided to
	temporary or part-time
	employees
	401-3 Parental leave	57; 81
Labor/management relations
GRI 3: Material	3-3 Management of	23-27; 81
Topics 2021	material topics

	402-1 Minimum notice	56-58; 81
GRI 402:
Labor/Manageme	periods regarding
nt Relations 2016	operational changes

Occupational health and safety
GRI 3: Material	3-3 Management of	23-27; 57, 59,60
Topics 2021	material topics
	403-1 Occupational health	57; 59
	and safety management
	system
	403-2 Hazard	57; 59
	identification, risk

	assessment, and incident		Requirements	Information
	investigation		B.C. and C.	unavailable/incomplete
	403-3 Occupational health	57; 59		Information
	services		Requirements A.	unavailable/incomplete
	403-4 Worker	56, 57; 59
	participation, consultation,
	and communication on
	occupational health and		Requirements A.	Information	Airthings has a guideline on Employee Health
	safety		and B	unavailable/incomplete	and Safety (EHS) risks and routine; with all
GRI 403:	403-5 Worker training on				the requirements from this standard. We have
		57; 59			a low risk of EHS. All this informatin is located
Occupational	occupational health and
Health and	safety				in our employees handbook. We havent
Safety 2018	403-6 Promotion of worker	56,57; 59			disclosed the guidelines in any of our reports
	health				or website. We will do so throughout 2023.
	403-7 Prevention and	57; 59,60
	mitigation of occupational
	health and safety impacts
	directly linked by business
	relationships

	403-8 Workers covered by	57; 59
	an occupational health and
	safety management		requirements A.B. Information
	system		and C	unavailable/incomplete	We have listed the incident but havent done the calcualtions by all the requirements from the standard as we are a low risk profile with no manufacturing and low risk installation.
	403-9 Work-related		57; 59 Requirements	Information
	injuries		B.C.D.E and G.	unavailable/incomplete
	403-10 Work-related ill		57; 59 Requirements B.	Information
	health		and D.	unavailable/incomplete
Training and education
GRI 3: Material	3-3 Management of	$23 - 27$
Topics 2021	material topics	57,58,59,60; 81
	404-1 Average hours of	15, 57; 81			Human rights, diversity and inclusion Policy

	training per year per
	employee
	404-2 Programs for	56,57; 81
GRI 404: Training	upgrading employee skills
and Education	and transition assistance
2016	programs
	404-3 Percentage of	56,57; 81
	employees receiving
	regular performance and
	career development
	reviews
Diversity and equal opportunity
GRI 3: Material	3-3 Management of	$23 - 27$ ;
Topics 2021	material topics	57,58,59,60; 81

	405-1 Diversity of	57, 58, 72; 81			Human rights, diversity and inclusion Policy
GRI 405:	governance bodies and
Diversity and	employees
Equal	405-2 Ratio of basic salary	57,58; 81
Opportunity 2016	and remuneration of
	women to men

Non-discrimination

GRI 3: Material	3-3 Management of	23-27; 57-60; 81			Human rights, diversity and inclusion Policy
Topics 2021	material topics
GRI 406: Non-	406-1 Incidents of	23-27; 57-60; 81			No incidents in 2022
discrimination	discrimination and
2016	corrective actions taken
	Freedom of association and collective bargaining
GRI 3: Material	3-3 Management of	12;23-27			Human rights, diversity and inclusion Policy
Topics 2021	material topics
GRI 407:	407-1 Operations and	Supplier Code of
Freedom of	suppliers in which the right	Conduct
Association and	to freedom of association	12; 60,71
Collective	and collective bargaining
Bargaining 2016	may be at risk
Child labor
GRI 3: Material	3-3 Management of	12;23-27			Human rights, diversity and inclusion Policy
Topics 2021	material topics
	408-1 Operations and	Supplier Code of
GRI 408: Child	suppliers at significant risk	Conduct
Labor 2016	for incidents of child labor	12; 23-27; 57-
		60,71;81
Forced or compulsory labor
GRI 3: Material	3-3 Management of	12;23-27			Human rights, diversity and inclusion Policy
Topics 2021	material topics
	409-1 Operations and	Supplier Code of
GRI 409: Forced	suppliers at significant risk	Conduct
or Compulsory	for incidents of forced or	12; 23-27; 57-
Labor 2016	compulsory labor	60,71; 81
Security practices
GRI 3: Material	3-3 Management of		Requirement
Topics 2021	material topics		A.and B.	Not applicable	We have no security personnel
	410-1 Security personnel
GRI 410: Security	trained in human rights

Practices 2016	policies or procedures
			Requirement A.and B.	Not applicable	We have no security personnel
Rights of indigenous peoples
GRI 3: Material	3-3 Management of	Supplier Code of Requirement			Human rights, diversity and inclusion Policy
Topics 2021	material topics		Conduct A.and B.	Not applicable
GRI 411: Rights	411-1 Incidents of				We have no work under indiginous land or
of Indigenous	violations involving rights		Requirement		with indiginous communities. We havent
Peoples 2016	of indigenous peoples		A.and B.	Not applicable	identified them as a risk.
Local communities
GRI 3: Material	3-3 Management of	Supplier Code of			Human rights, diversity and inclusion Policy
Topics 2021	material topics	Conduct
	413-1 Operations with	12; 23-27; 57-
	local community	60,71,73
	engagement, impact
GRI 413: Local	assessments, and
Communities	development programs
2016	413-2 Operations with	12; 23-27; 57-
	significant actual and	60,71,73
	potential negative impacts
	on local communities
Supplier social assessment GRI 3: Material	3-3 Management of	Supplier Code of
Topics 2021	material topics	Conduct
	414-1 New suppliers that	16, 17; 60, 71, 72
	were screened using
GRI 414: Supplier social criteria
Social	414-2 Negative social	23-27; 60,71, 72;			Currently working on assessing all 1st tier
	Assessment 2016 impacts in the supply chain	81			suppliers based on the Norwegian la
	and actions taken		requirements	Information	Transparency Act. By the end of 2023 all 1st
			A.B.C. and D	unavailable/incomplete	tier suppliers will be assesed,
Public policy
GRI 3: Material Topics 2021	3-3 Management of material topics			Not applicable	We make no political contributions.

GRI 415: Public	415-1 Political			We make no political contributions.
Policy 2016	contributions		Not applicable
Customer health and safety
GRI 3: Material	3-3 Management of	23-27;48-52:65
Topics 2021	material topics
	416-1 Assessment of the	48-52; 65
	health and safety impacts
	of product and service
GRI 416:	categories
Customer Health	416-2 Incidents of non-			We had no incidents of non compliance
and Safety 2016	compliance concerning the			concerning the health and safety impact of
	health and safety impacts			products and services
	of products and services
			Not applicable
Marketing and labeling
GRI 3: Material	3-3 Management of	$23 - 27$
Topics 2021	material topics
	417-1 Requirements for	Airthings
	product and service	Susatainability
	information and labeling	Website
	417-2 Incidents of non-			We dont use any kind of labelling for
GRI 417:	compliance concerning			identifying our products as environemtnally
Marketing and	product and service			responsible. We only show the design strategy
Labeling 2016	information and labeling		Not applicable	at our website.
	417-3 Incidents of non-			We havent identified any non compliance with
	compliance concerning			regulations and/or voluntary codes
	marketing
	communications		Not applicable
Customer privacy
GRI 3: Material	3-3 Management of	23-27:44
Topics 2021	material topics
	418-1 Substantiated	44
GRI 418:	complaints concerning
Customer	breaches of customer
Privacy 2016	privacy and losses of customer data

AI assistant

Airthings — Environmental & Social Information 2023

3524_10-k_2023-03-29_cfd05dc3-f97c-475e-944b-a73b9a66800d.pdf

Breathe Better Report

Reaching new heights on our sustainability journey

About the Breathe Better Report

Contents

Letter from the CEO

Dear Airthings Community,

This is Airthings

Our story

About us Our technology

International recognition

Airthings' core values

UN Sustainable Development Goals (SDGs) priorities

What our solution does How we develop products

Which SDG targets are embedded in Airthings' Strategy?

SDG 13: CLIMATE ACTION

SDG 3: GOOD HEALTH AND WELL-BEING

SDG 4: QUALITY EDUCATION

SDG 8: DECENT WORK AND ECONOMIC GROWTH

SDG 10: REDUCED INEQUALITIES

SDG 11: SUSTAINABLE CITIES AND COMMUNITIES

SDG 12: RESPONSIBLE CONSUMPTION AND PRODUCTION

Airthings is committed to the 10 UN Global Compact Principles

Airthings' sustainability key performance indicators

Highlights from 2022 For Planet

Our Business Governance

Highlights from 2022

Goals for 2023

>1 training on Airthings circular principles for our 2

>12,000 accumulated

Revaluate Airthings materiality assessment

100% of 1st tier

Airthings' sustainability journey

Breathe Better Progress Report

Airthings' approach to a sustainable future

Actions for a sustainable future:

Cyclical strategy to a sustainable future

Sustainable product innovation

Insights for data driven decisions

Enable people to breathe better air

Material Topics: Opportunities and challenges

Stakeholder engagement and materiality assessment

Material topic prioritization

Material topic risk assesment

Material topic and SDGs impact

EU Taxonomy - 2022

Highlights 2022

Reduce CO2

Zero waste

Climate positive

Most relevant Airthings ESG Opportunities and Challenges (material issues)

Relevance of SDGs

Target 13.1. & Target 13.3.

Target 3.9

Target 12.2 ; Target 12.5 & Target 12.4

Target 11.6.

Helping our customers Balance IAQ and energy consumption

Empowering sustainable decisions

Ref. for infographics:

Case studies: Proud of our customers

Toma

Read more in Airthigns for business blog :

ActoVent

Angarde & USF-Vertet

The planet needs Bold goals

What do we mean by climate positive?

Responsible innovation LCA perspective

Software

Use phase

Production

Responsible innovation LCA results

CO2 from Manufacturing,

Responsible innovation LCA results

Percentage of CO2e emissions from all the life cycle of the products:

Responsible innovation LCA results

Actions taken 2022 LCA measures

Monitoring our Green house gas emissions

Emissions intensity 2020 - 2022

Airthings Environmental & Social Information 2023

86% of schools exposed to road traffic in the UK¹⁵