Overall Net-Zero Target: Electro Aço Altona S.A. commits to reach net-zero greenhouse gas emissions across the value chain by 2050. Near-Term Targets: Electro Aço Altona S.A commits to reduce scope 1 and 2 GHG emissions covered by the iron and steel core boundary 32.1% per tonne of hot rolled steel by 2033 from a 2022 base year, equivalent to a 30.1% absolute reduction. As this target calculation depends on the scrap ratio projection, Altona will publish the scrap ratio associated with this target annually starting from the base year.* Electro Aço Altona S.A also commits to reduce all other absolute scope 1 and 2 GHG emissions 54.6% within the same timeframe.* Electro Aço Altona S.A further commits to reduce absolute scope 3 GHG emissions 32.5% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks. Long-Term Targets: Electro Aço Altona S.A commits to reduce scope 1 and 2 GHG emissions 82.3% per ton of hot rolled steel by 2050 from a 2022 base year. As this target calculation depends on the scrap ratio projection, Altona will publish the scrap ratio associated with this target annually starting from the base year.* Electro Aço Altona S.A also commits to reduce all other absolute scope 1 and 2 GHG emissions 90% within the same timeframe.* Electro Aço Altona S.A further commits to reduce absolute scope 3 GHG emissions 90% within the same timeframe.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks.