Environmental, Social, and Governance (ESG) Policy for Pasyc AS

1. Environmental Commitment
At Pasyc AS, we are deeply committed to environmental sustainability. Our core technology, which streams CAD and CAM files directly to production sites, plays a pivotal role in reducing the environmental impact of manufacturing. By eliminating the need for physical transportation of parts, particularly in the spare parts sector, we significantly cut carbon emissions associated with traditional supply chains and delivery times. This commitment aligns with global efforts to combat climate change, particularly supporting the United Nations Sustainable Development Goals (SDGs), including SDG 13: Climate Action and SDG 12: Responsible Consumption and Production.

Our approach includes:
Continuously optimizing our technology to further minimize energy consumption and environmental impact.Prioritizing partnerships with organizations that share our commitment to sustainability.Regularly assessing and reporting our environmental impact to ensure transparency and accountability.

2. Social Responsibility
Pasyc AS is dedicated to creating positive social impacts within our industry and the communities we serve. We believe in fostering an inclusive, supportive workplace culture that values diversity, equity, and inclusion (DEI). Our social initiatives include:Implementing fair labor practices and ensuring a safe and inclusive work environment for all employees.Supporting local communities through education and training programs focused on digital manufacturing and sustainable practices.Promoting gender equality within our organization and across our partnerships, aligning with SDG 5: Gender Equality.

3. Governance Standards
Strong governance is fundamental to our operations at Pasyc AS. We are committed to maintaining the highest standards of transparency, ethics, and accountability in all aspects of our business. Our governance practices include:Establishing a robust anti-corruption policy and whistleblowing channel to ensure that all business activities are conducted with integrity.Implementing comprehensive financial management and procurement routines to ensure responsible and ethical use of resources.Regularly reviewing and updating our policies to ensure compliance with legal and regulatory requirements, as well as industry best practices.

4. Ethical and Sustainable Growth
Our commitment to ESG principles is central to our business strategy and growth. As we scale, particularly with our expansion plans in Luxembourg, we will continue to integrate these principles into our operations, ensuring that our growth is both ethical and sustainable.We will actively seek out and collaborate with partners who share our values and commitment to ESG.Our growth strategy includes a focus on sustainable market expansion, ensuring that our environmental, social, and governance practices are maintained and strengthened as we enter new markets.

5. Continuous Improvement
We recognize that ESG is a continuous journey. Pasyc AS is committed to regularly reviewing and improving our ESG policies and practices, ensuring that we remain at the forefront of sustainable and responsible business.We will engage with stakeholders, including employees, partners, and customers, to gather feedback and insights on our ESG practices.Our leadership team will regularly assess our ESG performance, setting measurable goals and tracking our progress to ensure continuous improvement.

Conclusion
Pasyc AS is dedicated to leading by example in the manufacturing industry, demonstrating that innovation, sustainability, and ethical practices can go hand in hand. Our ESG policy is not just a statement of intent but a core component of our business strategy, guiding our decisions and actions as we work to create a positive impact on the environment, society, and the economy.