18 May 2023 · Corporate Update

Board adopts ESG and sustainability reporting framework

The Board of Directors of Kashmir Limited has adopted an internal ESG (Environmental, Social, and Governance) framework covering all group companies operating under the group. The framework establishes reporting standards and performance benchmarks aligned with evolving EU sustainability reporting requirements, ensuring the group is prepared for the regulatory landscape ahead.

The environmental component addresses supply chain practices in publishing operations, paper sourcing and production sustainability at Altenberg, and energy efficiency standards across the group’s hospitality properties in Lisbon. The social responsibility dimension covers fair employment practices, author and creator partnership standards, and community engagement across all operating jurisdictions.

Governance standards at the group level have been reinforced, including enhanced Board reporting procedures, conflict of interest policies, and transparency requirements for related-party transactions. The Board has committed to an annual ESG review cycle, with findings to be integrated into the group’s regular reporting to stakeholders.

The adoption of this framework reflects Kashmir’s commitment to responsible business practices and positions the group favourably within an increasingly sustainability-conscious European regulatory environment. The Board will monitor developments in EU sustainability reporting standards and adjust the framework as requirements evolve.