Vitesco Technologies : Diversity, Equity & Inclusion – 2023 Annual Global Report

DIVERSITY, EQUITY & INCLUSION

2023 ANNUAL GLOBAL REPORT

2023 ANNUAL GLOBAL REPORT	TABLE OF CONTENTS

TABLE OF CONTENTS

INTRODUCTION	4	FACTS  AND FIGURES	11	ASIA	26	DE&I COUNCILS	44
FOREWORD BY ANDREAS WOLF, CEO	4			GENDER - DIVERSITY	28	DE&I COUNCILS - ROMANIA, FRANCE,
FOREWORD BY FLORENCIA STANFIELD,		ALL REGIONS	12	AGE GROUP - DIVERSITY	29	GERMANY	46
HEAD OF DE&I	5	ALL REGIONS	12	INTERNATIONALITY OF WORKFORCE	30	TESTIMONIAL: ARUN RAJEEVAN KRISHNAN	47
A WORD ABOUT VITESCO TECHNOLOGIES	6	GENDER - DIVERSITY	13			DE&I COUNCILS - NORTH AMERICA	48
DE&I IS GOOD FOR BUSINESS	9	AGE GROUP - DIVERSITY	14	NORTH AMERICA	31
VITESCO TECHNOLOGIES' POLICIES		INTERNATIONALITY OF WORKFORCE	15	GENDER - DIVERSITY	33	EMPLOYEE RESOURCE GROUPS	49
- HUMAN RIGHTS & DIVERSITY	10			AGE GROUP - DIVERSITY	34	THE 4 C MODEL	53
		GERMANY	16	INTERNATIONALITY OF WORKFORCE	35	CULTURE	55
		GENDER - DIVERSITY	18	RACE AND ETHNICITY - DIVERSITY	36	COMPANY	58
		AGE GROUP - DIVERSITY	19			COLLEAGUES	61
		INTERNATIONALITY OF WORKFORCE	20	STRATEGIC PILLARS AND		COMMUNITY	64
				DE&I GOALS 2023	37
		EUROPE	21	LISTEN AND LEARN	39	CHINA  DIVERSITY MONTH	67
		GENDER - DIVERSITY	23	DEVELOP AND RETAIN TALENT	40
		AGE GROUP - DIVERSITY	24	INSTILL ACCOUNTABILITY	41	RESULTS  & CONCLUSION	71
		INTERNATIONALITY OF WORKFORCE	25	BE A ROLE MODEL	42	FUTURE THOUGHTS	72

2

OUR NORTH STAR

"TO CREATE A CULTURE

WHERE ALL PEOPLE CAN THRIVE TO THEIR FULLEST POTENTIAL."

2023 ANNUAL GLOBAL REPORT	FOREWORD

FOREWORD BY ANDREAS WOLF, CEO

TO OUR STAKEHOLDERS

"We don't talk about the transformation. We are the transformation."

Since our beginnings in 2021 as an independent, stock-listed company, we have been consistently contributing to a major shift in the automotive industry with our electrification solutions. Markets have grown fast and we have seen continuous opportunities despite the challenges. Amid an ever-changing context, we know that it is our people that keep us relevant.

This is our first global DE&I report, following suit to a previous one for North America in 2022, and is not only a milestone in our journey, but also a testament to Vitesco Technologies' commitment to diversity, equity, and inclusion. Our ability to integrate the strength of varied perspectives, backgrounds and experiences, positions us for innovation and long-term viability. I see the focus on DE&I as a strategic advantage for the company - and also as the right thing to do.

This report tells the story of the progress we have made in our DE&I initiatives and provides a transparent view of where we stand today. Diversity, equity, and inclusion are integral components of our culture - a living, breathing aspect of who we are and what we stand for. As we move forward, we are certain that by putting people first, we are setting ourselves up for sustainable success.

4

2023 ANNUAL GLOBAL REPORT	FOREWORD

FOREWORD BY FLORENCIA STANFIELD, HEAD OF DE&I

TO OUR STAKEHOLDERS

"We believe in what we do,

and we do what we believe in."

Our journey has been exciting, fun and challeng- ing. We have faced difficulties, celebrated successes, and forged a path towards a future where diversity is acknowledged and embraced. This report reflects our commitment to transpar- ency, accountability, and continuous improve- ment. In these pages, you will find data, examples and stories of individuals whose unique backgrounds and perspectives have shaped the spirit of who we are, the culture that we can "breathe" and "feel" - but not always see.

We recognize that fostering an inclusive environment requires more than policies; it demands a cultural shift, where every person is seen as an individual, and every voice is heard. True inclusion is a shared responsibility that requires a circular approach, with the voice of leaders and employees equally represented; it involves empathy and a genuine commitment to dismantling biases.

Our DE&I journey continues. We are happy to celebrate progress, but acknowledge there are certain areas we need to focus on, and remain vigilant in our pursuit of a workplace where diversity, equity, and inclusion are embedded in Vitesco Technologies' DNA. I extend my gratitude to every individual who has contributed to this report and reaffirm our dedication to advancing DE&I principles within our organization - and beyond.

5

2023 ANNUAL GLOBAL REPORT

ABOUT VITESCO TECHNOLOGIES

INTRODUCTION

A WORD ABOUT VITESCO TECHNOLOGIES

FACTS AND FIGURES

Vitesco Technologies is a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility. With smart system solutions and components for electric, hybrid and internal combustion drive- trains, Vitesco Technologies makes mobility clean, efficient, and affordable. The product range includes electrified drivetrain systems, electronic control units, sensors and actuators, and exhaust-gas aftertreatment solutions.

In 2023, Vitesco Technologies recorded sales of € 9.23 billion and employed around 35,500 employees at about 50 locations worldwide. Our headquarters are in Regensburg, Germany.

GERMANY Regensburg (Headquarter)

NORTH AMERICA

Canada

Mexico

USA

EUROPE

Czech Republic

France

Hungary

Italy

Romania

ASIA

China Mainland Taiwan

India

Japan

South Korea

Thailand

AROUND 50	~35,500
LOCATIONS	EMPLOYEES
for production and	are globally active
development.	for the company.

• 9.23 BN SALES

achieved in

2023.

6

2023 ANNUAL GLOBAL REPORT

ABOUT VITESCO TECHNOLOGIES

INTRODUCTION

A WORD ABOUT VITESCO TECHNOLOGIES

OUR VISION:	OUR MISSION:
ELECTRIFIED, EMOTION,	POWERING CLEAN
EVERYWHERE.	MOBILITY

Electrified

Our Target: we pave the way for clean mobility through electrification.

Emotion

Our Spirit: we develop intelligent, reliable solutions to enable (e)motion.

Everywhere

Our Arena: we make e-mobility possible everywhere - for every market, every archi­ tecture, for everyone.

Our solutions power the sustainable, efficient flow of people, goods and services.

We base our business on a clear commitment to reduce emissions.

Through our solutions, we are shaping the future of clean mobility

  as part of our responsibility to society,

  as a reliable partner to our customers and

  as a smart choice for investors.

We empower our people to follow

their passion in contributing to this goal.

7

2023 ANNUAL GLOBAL REPORT

ABOUT VITESCO TECHNOLOGIES

INTRODUCTION

A WORD ABOUT VITESCO TECHNOLOGIES

OUR COMPANY VALUES

PASSIONATE	PARTNERING	PIONEERING
I am dedicated to bring in	I work collaboratively and	Curiosity and courage
my expertise to drive	respectfully to reach shared	inspire my daily work.
results.	success.

8

2023 ANNUAL GLOBAL REPORT

DE&I IS GOOD FOR BUSINESS

INTRODUCTION

DE&I IS GOOD FOR BUSINESS

LET'S TALK REASONS AND NUMBERS

2x MORE LIKELY TO	3x MORE LIKELY TO	6x MORE LIKELY TO	8x MORE LIKELY TO
EXCEED FINANCIAL	BE HIGH	SHOW INNOVATIVE	ACHIEVE BETTER
TARGETS	PERFORMING	AND AGILE BEHAVIORS	BUSINESS OUTCOMES

  We want all employees to feel that they are valued and heard, so we can attract and retain top talent.

Divergent thinking brings enhanced decision-making.

Shareholders want to invest in companies that have strong DE&I programs.

  Our major customers are requiring their suppliers to have DE&I programs in place.

  Our major customers serve a population with increasingly diverse consumer patterns.

  A collaborative and diverse workforce is better equipped for future (and unknown) challenges.

  A workforce with top quartile engagement levels doubles the chances of success.

Source: Juliet Bourke and Bernadette Dillon, "https://www.deloitte.com/us/en/insights/deloitte-review/issue-22/diversity-and-inclusion-at-work-eight-powerful-truths.html," Deloitte Review 22, January 22, 2018. "https://www.deloitte.com/us/en/insights/focus/human-capital-trends/2020/creating-a-culture-of-belonging.html#endnote-sup-12," Deloitte Review 15, May 22, 2020.

9

2023 ANNUAL GLOBAL REPORT

VITESCO POLICIES

INTRODUCTION

VITESCO TECHNOLOGIES' POLICIES

- HUMAN RIGHTS & DIVERSITY

TWO KEY TOPICS PAVE OUR WAY

At Vitesco Technologies, we value reliable labor standards and the protection of human rights in all business activities. We have a zero-tolerance policy on human rights violations, including child labor, forced labor and modern slavery, as well as any form of violence, harassment, and discrimination.

The DE&I and the Human Rights teams work together and play crucial roles: the former is responsible for the development and integration of diversity, equity, and inclusion in all functional areas of the company; the latter develops and improves policies, pro- cesses, and global internal standards within our operations to anticipate, assess and mitigate human rights risks.​

Code of

Conduct

for all employees

Highest	GENERAL	Shared
Standards	PRINCIPLES	Responsibility
Balancing local and		Laws binding for all
international standards		partners and country
		organizations

Global Human	Transparency and
Rights Standards	Accountability

Group human	Code of	Human rights and	based on international	in reporting and to all stakeholders
agreements
rights policy	Conduct	diversity

10