Sustainability Implementation Strategy and Performance

Five Sustainability Focus Areas

In 2023, Noul established five sustainability focus areas and commitments to effectively communicate its sustainability implementation process and performance to stakeholders. The five focus areas and commitments were established based on the three implementation areas presented in the Noul Sustainability Circle, while reflecting key sustainability issues in the industry in which Noul operates.

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Improvement in Access to Healthcare

Our Commitment

·We develop innovative diagnostic testing solutions and expand market entry in collaboration with global public and private partners.

·We establish effective strategies for creating impact in healthcare access and systematically manage that impact.

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Compliance, Ethics and Risk Management

Our Commitment

·We comply with laws and norms, and go further by acting ethically.

·We systematically prevent and respond to both visible and invisible management risks.

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Sound and Sustainable Governance

Our Commitment

·We strengthen a transparent and sound decision making system centered on the Board of Directors.

·We integrate sustainable management practices into the decision-making system and overall organizational operations.

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Responsible and Inclusive Workplace

Our Commitment

·We embed systems and a culture in which all employees are respected and can practice the values of diversity, equity and inclusion together.

·As a corporate citizen, we consider social responsibility in organizational operations and communicate honestly and transparently with stakeholders.

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Protecting the Planet

Our Commitment

·We understand our impact on the global ecosystem and systematically implement the eco-friendly transition of corporate activities.

Sustainability Implementation Strategy

The sustainability implementation strategy was established to effectively achieve the five sustainability focus areas and commitments. It consists of sustainability initiative stages aligned with Noul's business growth stage and key actions for each stage.

The sustainability initiative stages present the direction of sustainability capabilities the company should strengthen by considering its impact on stakeholders at each stage of business growth. The key actions contain the specific implementation tasks to be prioritized at each stage. The sustainability implementation strategy and key actions are reviewed and improved periodically each year to reflect the management environment and stakeholder needs.

Sustainability Implementation StagePeriod	1 SET-UPLaying the policy/system/ cultural foundation2023–2026	2 SPEED-UPBolstering execution and facilitating communication2027–2029	3 LEVEL-UPAdvancing the system and establishing a sound reputation2030 and beyond
Compliance, Ethics and Risk Management	Establish policies and regulations in the areas of compliance, ethics and risk management, and put systems in place for continuous implementation.	Secure organizational capabilities and expertise to strengthen systems in the areas of compliance, ethics and risk management, and run internal awareness programs.	Advance management systems in the areas of compliance, occupational health and safety, and information security to the level of international standards, and embed them at the departmental level.
Sound and Sustainable Governance	Set goals to strengthen Board independence, expertise and diversity, and revise Board operating regulations to reflect them.	Establish evaluation criteria and procedures for directors' management activities, and develop stakeholder reporting and engagement processes.	Strengthen procedures for periodic reporting and discussion of sustainability agenda items within the Board, and systematize stakeholder reporting and engagement processes.
Responsible and Inclusive Workplace	Establish diversity, equity and inclusion (DEI) guidelines and develop content to strengthen employee capabilities.	Strengthen leadership training for employees and conduct supply chain type and risk analysis from a sustainability perspective.	Establish a company-wide DEI performance management process and develop supply chain evaluation criteria and processes from a sustainability perspective.
Protecting the Planet	Systematize data management for greenhouse gas and pollutant emissions, and establish a plan to apply recycled materials to packaging.	Establish an environmental management policy and progressively improve greenhouse gas emissions and the ratio of recycled materials used in packaging.	Pursue certification of the environmental management system to international standards and transition operational energy at business sites to renewable energy.
Improvement in Access to Healthcare	Establish a framework to systematically manage the social and environmental impact created by products.	Secure field application cases for impact business and establish an impact measurement and management system.	Develop and implement projects that scale impact business cases.

Implementation history

March 2023

Draft established

February 2025

Detailed plans for key actions supplemented to strengthen linkage with company-wide mid- to long-term business growth goals

February 2026

Some implementation periods adjusted to improve alignment between sustainability initiative stages and business growth stages

Activities and Performance by Sustainability Area

Implementation and Results of Mid- to Long-Term Sustainability Improvements

Noul establishes and implements key activities under its sustainability implementation strategy through its mid- to long-term improvement plan. Working-level departments in each sustainability area and the sustainability department collaborate to establish quarterly action plans and regularly monitor progress and implementation status. In addition, with the exception of some items that are difficult to disclose for security reasons or have low need for disclosure, Noul transparently discloses major initiatives and implementation results through its sustainability report.

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Implementation results

Completed8

In Progress6

57%Implementation Rate

During the first initiative stage from 2023 to 2025, Noul focused on establishing policy, system and cultural foundations related to sustainability and carried out a total of 14 key activities. Of these, eight were completed according to planned targets, while six fell short of the target level.

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Future plans

Under the existing mid- to long-term improvement plan, Noul aimed to transition to the second initiative stage from 2026. However, some key activities promised to stakeholders by 2025 were not implemented to a sufficient level compared with the plan, and even completed tasks were found to require a more stable embedding process in light of the organization's growth stage and pace. In addition, considering both the level of sustainability implementation expected by stakeholders and the company's overall maturity, Noul determined that it is necessary to more faithfully supplement and implement the goals of the first initiative stage rather than transition early to the next stage.

Accordingly, before transitioning to the second initiative stage, Noul will establish an Interim Period and, through 2026, supplement and implement the goals set in the first initiative stage to build the foundation for transition to the next stage.

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radio_button_checkedIn Progress

Focus Direction	2023-2025 Key Activities	Result Report	Related Content
Compliance, Ethics and Risk Management	Establish integrated procedures for managing legal violations and operate compliance awareness programs	check_circleEstablished integrated procedures for managing legal violations (established compliance risk management procedure) check_circleConducted regulatory risk assessment and established control plans for risk groups check_circleEstablished plans for compliance awareness programs check_circleOperated compliance awareness programs	arrow_forward
	Establish the foundation for an occupational health and safety management system	check_circleRevised occupational health and safety management policy radio_button_checkedEstablished and revised manuals, procedures and guidelines aligned with the occupational health and safety management system check_circlePrepared safety management guidelines for contracted work and applied standards company-wide check_circleConducted follow-up management in accordance with employee health examination guidelines check_circleConducted education and training in accordance with emergency preparedness and response procedures	arrow_forward
	Improve the effectiveness of the internal control system	radio_button_checkedReviewed RCM-based internal control processes radio_button_checkedRevised RCM related to financial reporting and funds radio_button_checkedEstablished accounting and treasury work guidelines check_circlePromoted digitalization of operating processes check_circleConducted improvement tasks for work standardization and efficiency	arrow_forward
	Establish ethics/anti-corruption policy and Code of Conduct	check_circleEstablished Code of Conduct check_circleEstablished Ethics Pledge and held employee pledge ceremony	arrow_forward
	Establish human rights and sustainability risk management process	check_circleEstablished and conducted basic review of human rights and sustainability risk management process check_circleEstablished integrated monitoring system for company-wide operational risks check_circleConducted regular monitoring of company-wide operational risks	arrow_forward
	Establish CS process	check_circlePrepared repair and disposal process workflow check_circleEstablished and applied repair and disposal process guidelines check_circleConducted customer satisfaction survey check_circleDeveloped customer self-troubleshooting manual	arrow_forward
	Establish policies/regulations and systems related to information security	check_circleEstablished information security policies and regulations check_circleEstablished monitoring system for key security logs check_circleResponded to issues detected by monitoring system	arrow_forward
Sound and Sustainable Governance	Revise Board operating regulations to reflect commitment to strengthening independence, expertise and diversity in Board composition and operation	check_circleIdentified areas for improvement in Board operating regulations radio_button_checkedRevised improvement elements of Board operating regulations	arrow_forward
Sound and Sustainable Governance	Establish goals and programs to strengthen Board independence, expertise and diversity	check_circleProactively established Audit Committee check_circleAppointed outside directors and Audit Committee members with accounting and audit expertise radio_button_checkedEstablished mid- to long-term Board goals and programs	arrow_forward
Systems and Culture of Responsibility and Inclusion	Establish DEI guidelines and operate DEI awareness programs	check_circleEstablished DEI practice guide check_circleOperated internal awareness program commemorating International Women's Day	arrow_forward
Systems and Culture of Responsibility and Inclusion	Develop content to strengthen employee capabilities	check_circleDeveloped and applied company-wide common capability enhancement Basic program check_circleDeveloped and applied company-wide common capability enhancement Advanced program check_circleConducted quarterly middle leadership workshops and training check_circleSupported soft landing for new employees	arrow_forward
Protecting the Planet	Improve greenhouse gas emissions (Scope 1&2) measurement method and systematize pollutant emissions data management	check_circleImproved greenhouse gas emissions (Scope 1&2) measurement method and obtained third-party verification check_circleSystematized pollutant emissions data management	arrow_forward
Protecting the Planet	Establish plan to apply recycled materials to packaging	check_circleDeveloped eco-friendly checklist for products and packaging check_circleEstablished eco-friendly packaging evaluation criteria to improve packaging environmental performance check_circleEstablished mid- to long-term eco-friendly packaging improvement plan radio_button_checkedIdentified partner companies for applying eco-friendly packaging materials	arrow_forward
Improvement in Access to Healthcare	Establish impact framework	check_circleSystematized hybrid business model framework integrating business and social value radio_button_checkedDeveloped Impact Communication Document (ICD) for each product portfolio	arrow_forward

Sustainability Self-Assessment and Results

Since 2021, Noul has developed a checklist in the nature of sustainability performance indicators and has conducted an annual self-assessment to pursue sustainability consistently and respond flexibly to changes in the internal and external management environment.

Composition of the self-assessment checklist

Noul selectively reviewed major domestic and international ESG guides and indicators as well as global sustainability and impact-related indicators, and then developed stakeholder-specific self-assessment checklists in alignment with the Noul Sustainability Circle, Noul's sustainability implementation framework. The checklist consists of six stakeholder groups, 24 areas and 80 self-assessment indicators, and is updated annually with reference to evolving domestic and international ESG disclosure standards.

Assessment process

First assessment - Self-assessment by relevant departments (participation by compliance, HR, financial accounting, occupational health and safety, quality, information security and other relevant departments)
Second assessment - Comprehensive review by the sustainability department
Establishment and implementation of improvement plans - Improvement plans are established based on assessment results, reported to management and then implemented

Assessment results

In 2025, Noul's sustainability self-implementation rate was approximately 60% against the checklist commitments, an increase of 2 percentage points year on year.

The main driver of the increase in implementation rate was improvement activities in the governance area. The establishment of a non-financial risk management process, strengthening of Board expertise and transparency through the establishment of the Audit Committee, and improved convenience for shareholders exercising voting rights through the introduction of electronic voting and electronic proxy solicitation in 2025 contributed to the overall improvement in implementation level.

The occupational health and safety area continues to maintain a high level of implementation based on continued efforts to embed the management system and active employee participation. On the other hand, some indicators related to employee working conditions declined slightly as the proportion of women in leadership decreased year on year.

The environmental area maintained a level of implementation similar to 2024. Although there were some improvement activities, such as an employee awareness program commemorating World Environment Day, improvement activities are currently focused on environmental data management and risk management in consideration of the scale of the company's environmental impact.

The sustainability self-implementation rate and the year-on-year degree of improvement are assessed to be generally aligned with the implementation level and pace of the mid- to long-term sustainability improvement plan. However, Noul plans to gradually supplement certain areas considered insufficient in light of international ESG norms and stakeholder expectations, taking timeliness into account.

Sustainability Self-Implementation Rate Trend

202354%

202458%

202560%

2025 Implementation Rate

Governance Area66%

Social Area63%

Environmental Area28%