CEO STATEMENT.

As Tecan’s CEO and chair of our Sustainability Committee, I’m pleased to provide this overview of our management of environmental, social and governance impacts, our achievements in 2024 and our outlook for 2025 and beyond.

Tecan’s sector was faced in 2024 with challenging market conditions and at the same time, popular discourse suggested a shift away from earlier public demand for corporate sustainability action, and regulatory uncertainty followed the planned European Commission review of EU corporate sustainability reporting legislation. As we reflected on the direction and content of our sustainability program these factors were noted, and we concluded that our strategy does not need to change. Our activities are driven by sound management of our material topics as part of our overall goals of profitable growth, innovation and sound risk management, and we know customers, investors and employees value this. Indeed, our social impact approach in particular was needed all the more in 2024, as our leaders were asked to step up to ensure team members were clear about our direction as we navigated the challenging external environment.

Our promise to employees is that Tecan is a workplace in which they can “stay unique and make it count.” This promise was strengthened in 2024 with an in-depth training program for all Tecan’s senior leaders focusing on creating a work environment that offers psychological safety and true inclusion. Employees who feel confident to offer their own insights and suggestions make Tecan a stronger company, and having a diverse range of experience shaping those insights is key to enhancing our resilience. A pulse-check survey held at the end of 2024, following restructuring and layoffs, showed that employees were looking for additional transparent communications from senior management and further opportunities to engage in dialogue. In response, our Management Board held the first in a series of small group in-person sounding board sessions in December 2024. These will be continued in 2025 and offered globally, with the aim of learning from our colleagues and building even better employee engagement.

The impacts of a changing climate were increasingly apparent in 2024, and the European Union’s Copernicus Climate Change Service (C3S) has since confirmed that 2024 was the first year in which the global average temperature clearly exceeded 1.5°C above pre-industrial levels. To progress towards our greenhouse gas emissions reduction targets, in 2024 Tecan purchased 87% electricity from renewable sources. Tecan’s first detailed climate scenarios risk analysis was completed in 2024, which provided a glimpse into operating in a future of more severe weather events and an expected mid-term increase in climate-related legislation. In this report, we describe the actions already underway to mitigate the related risks as well as the groundwork carried out in 2024 to manage the related data. Our first ESG data controller joined Tecan in May 2024, and the data management platform we’ve built out will enable us to assess more quickly which activities are having a positive impact, and what interim targets could strengthen our climate impact program.

A notable increase in knowledge-sharing with customers, suppliers and peers about our sustainability program suggests that 2025 will provide opportunities to develop rewarding collaborations as we work to advance our corporate purpose: improving people’s lives and health by empowering our customers to scale healthcare innovation globally from life science to the clinic. Although the external market environment remains challenging in several areas, Tecan has the skills, structure, and relationships on a global level to work together with our business partners for long term, sustainable success and growth. I look forward to pursuing these opportunities in 2025, and I thank you for your interest in Tecan’s sustainability activities.