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Axel Stepken,
Chairman of the Board of Management of TÜV SÜD
Foreword by the Chairman of the Board of Management

About this Sustainability Report

Open and transparent communication is the bedrock of sustainable action. In this publication we report on the ecological, economic, and social impacts of our business operations.

This Sustainability Report focuses on the main fields of TÜV SÜD's work. It shows how we fulfill our corporate responsibility at TÜV SÜD and proactively embed relevant topics in our business processes. The Sustainability Report complements the Annual Report. It is updated annually. An English translation is also available. In the event of discrepancy, the original German version shall prevail.

The report was produced on the basis of the GRI Standards' “Core“ option, issued by the Global Reporting Initiative (GRI). The GRI Content Index in the Annex provides an overview of the GRI standards and/or their relevant content areas examined in this report.

The reporting period covers financial 2021 (January 1, 2021, to December 31, 2021). Financial 2020 was taken for comparison. The content of the report was produced in cooperation with the various responsible corporate functions and legal entities of TÜV SÜD Group.

The scope of consolidation presented in the Sustainability Report corresponds to that in the consolidated financial statements. Details given refer to all fully consolidated subsidiaries in the financial report; any exceptions are identified in the relevant section.

Because of rounding, in the Sustainability Report sums of individual figures may not precisely equal totals and percentages may not reflect the precise absolute values to which they refer.

Where this Sustainability Report includes statements by TÜV SÜD concerning the future, they are based on current expectations, plans, goals and targets, and forecasts and estimates by the Board of Management. Many of the assumptions and factors on which they are based are beyond the control of TÜV SÜD and are subject to numerous risks and uncertainties. Given this, actual developments may differ from projections given in this publication.