RAPORT ESG 2025 EN

Sustainability Report

Klima-Therm Capital Group for the year 2025

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SUSTAINABILITY REPORT

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ENVIRONMENT

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TABLE OF CONTENTS

General Information

ESRS 2 GENERAL DISCLOSURE

10

[BP-1] General Guidelines for Preparing Sustainability Statements

10

[BP-1] List of disclosure requirements that the Entity elected not to apply during the reporting year, in accordance with Appendix C of ESRS 1

12

[BP-2] Disclosure of Information Regarding Specific Circumstances

13

[GOV-1] The Role of Administrative, Management, and Supervisory Bodies

14

[GOV-2] Information provided to the entity’s administrative, management, and supervisory bodies,

and matters related to sustainable development addressed by those bodies

28

[GOV-3] Incorporating sustainability-related performance metrics into incentive systems

29

[GOV-4] Due Diligence Statement

30

[GOV-5] Risk Management and Internal Controls Over Sustainability Reporting

31

[SBM-1] Strategy, Business Model, and Value Chain

32

[SBM-2] Stakeholders' Interests and Opinions

45

[SBM-3] Significant influences, risks, and opportunities, and their interrelationships with the strategy and business model

50

[IRO-1] Description of the process for identifying and assessing significant impacts, risks, and opportunities

51

[IRO-2] Disclosure requirements under ESRS covered by the entity's sustainability statement

54

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E Environment

55

ESRS E1 CLIMATE CHANGE

56

[ESRS 2 IRO-1] Identification and assessment of significant climate-related impacts, risks, and opportunities

56

[ESRS 2 SBM-3] Significant influences, risks, and opportunities, and their interrelationships with the strategy and business model

62

[E1-1] Transition Plan for Climate Change Mitigation

62

[E1-2] Policies related to climate change mitigation and adaptation

63

[E1-3] Actions and resources related to climate policy

63

[E1-4] Objectives related to climate change mitigation and adaptation

64

[E1-5] Energy Consumption and Energy Mix

65

[E1-6] Gross greenhouse gas emissions from Scopes 1, 2, and 3, and total greenhouse gas emissions

67

[E1-7] Greenhouse gas removal projects and greenhouse gas emission reduction projects financed through carbon credits

68

[E1-8] Setting Internal Carbon Prices

68

ESRS E2 CONTAMINANTS

69

[ESRS 2 IRO-1] Description of the processes for identifying and assessing significant impacts, risks, and opportunities related to pollution

69

[E2-1] Policies Related to Pollution

72

[E2-2] Pollution-Related Activities and Resources

73

[E2-3] Pollution-related objectives

74

[E2-4] Air, Water, and Soil Pollution

74

[E2-5] Potentially hazardous substances and substances of very high concern

75

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ESRS E3 WATER AND MARINE RESOURCES

76

[ESRS 2 IRO-1] Description of the processes for identifying and assessing significant impacts, risks, and opportunities related to water and marine resources

76

[E3-1] Policies Related to Water and Marine Resources

78

[E3-2] Activities and resources related to water and marine resources

78

[E3-3] Goals Related to Water and Marine Resources

78

[E3-4] Water consumption

79

ESRS E5 RESOURCE USE AND THE CIRCULAR ECONOMY

80

[ESRS 2 IRO-1] Description of the processes for identifying and assessing significant impacts, risks, and opportunities related

to resource use and the circular economy

80

[E5-1] Policies related to resource use and the circular economy

84

[E5-2] Activities and resources related to resource use and the circular economy

85

[E5-3] Objectives related to resource use and the circular economy

86

[E5-4] Resources Entered

87

[E5-5] Resources Discharged

88

S People

94

ESRS S1 OWN WORKFORCE RESOURCES

95

[ESRS 2 SBM-3] Significant influences, risks, and opportunities, and their interrelationships with the strategy and business model

96

[S1-1] Policies Related to the Company's Own Workforce

101

[S1-2] Procedures for collaborating with the company's own workforce and employee representatives on issues related to revenue

107

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[S1-3] Processes for remedying the effects of negative impacts and channels for employees to report concerns

109

[S1-4] Taking action regarding material impacts on its workforce and applying approaches to manage material risks and capitalize on material

opportunities related to its workforce, as well as the effectiveness of such actions

111

[S1-5] Objectives related to managing significant negative impacts, enhancing positive impacts, and

managing significant risks and opportunities

112

[S1-6] Characteristics of the unit's employees

113

[S1-7] Characteristics of non-employees who constitute an entity’s own workforce

115

[S1-8] Scope of Collective Bargaining and Social Dialogue

116

[S1-9] Diversity Measures

117

[S1-10] Fair Wages

119

[S1-11] Social Protection

119

[S1-12] People with disabilities

121

[S1-13] Metrics related to training and skills development

122

[S1-14] Occupational Safety and Health Indicators

124

[S1-15] Work-Life Balance Measures

126

[S1-16] Compensation Measures (Wage Gap and Total Compensation)

127

[S1-17] Incidents, complaints, and significant impacts on human rights

128

ESRS S4 CONSUMERS AND END USERS

129

[ESRS 2 SBM-2] Stakeholder Interests and Opinions

129

[ESRS 2 SBM-3] Significant influences, risks, and opportunities, and their interrelationships with the strategy and business model

129

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[S4-1] Policies Related to Consumers and End Users

135

[S4-2] Collaboration processes regarding revenue from consumers and end users

140

[S4-3] Processes for remedying the effects of negative impacts and channels for consumers and end users to report concerns

141

[S4-4] Taking action regarding material impacts on consumers and end users, and applying approaches to manage material risks

and capitalize on material opportunities related to consumers and end users, as well as the effectiveness of such actions

144

[S4-5] Objectives related to managing significant negative impacts, enhancing positive impacts, and managing significant risks and opportunities

148

G Corporate Governance

149

ESRS G1 BUSINESS PRACTICES

150

[ESRS 2 GOV-1] The Role of Administrative, Supervisory, and Management Bodies

150

[ESRS 2 IRO-1] Description of the processes used to identify and assess significant impacts, risks, and opportunities

151

[G1-1] Business Conduct Policies and Corporate Culture

157

[G1-2] Supplier Relationship Management

159

[G1-3] Prevention and Detection of Corruption and Bribery

160

[G1-4] Incidents of corruption or bribery

161

[G1-5] Political Influence and Lobbying Activities

162

[G1-6] Payment Practices

163

Report Data

164

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LETTER FROM THE CHAIRMAN OF THE BOARD

OF KLIMA-THERM SP. Z O.O.

Ladies and Gentlemen,

The HVAC industry plays a key role in the energy tran-

sition and the fight against climate change. Aware of

this challenge, in 2025 we focused on developing ener-

gy-efficient technologies, smart energy management

systems, and solutions that support zero-emission

construction. Climate transition is no longer a choice,

but a necessity. That is why we are consistently step-

ping up our efforts to reduce the carbon footprint of

our products and processes. Our goal is not only to

provide innovative solutions, but also to educate and

inspire our customers to join us in making informed de-

cisions for a sustainable world.

Our activities encompass not only technology but also

collaboration with the business community. We sup-

port our clients and partners in achieving their sus-

tainability goals by offering solutions that meet the

highest standards of efficiency and environmental re-

sponsibility. At the same time, as an organization, we invest

in developing our employees’ skills, fostering a culture based

on ethics, transparency, and inclusivity. In 2025, we intro-

duced new standards for ethical management in the supply

chain, increased the transparency of decision-making pro-

cesses, and launched programs to support the professional

development of our team, because we believe that sustain-

We are honored to present the first comprehensive Sustainability Report of the Klima-Therm Group,

which summarizes our activities in the area of sustainable development and outlines our commitments

for the future. In a rapidly changing market environment, amid growing regulatory requirements and

stakeholder expectations, we consistently implement our corporate responsibility strategy. The Sus-

tainability Report is not merely a matter of meeting formal requirements, but rather the foundation

upon which we are building the future of our organization.

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able development begins with informed decisions and re-

sponsible actions at every level of the organization.

In recent years, we have been actively expanding our pres-

ence in foreign markets, as we believe that innovative

and energy-efficient HVAC solutions should be available

worldwide. International expansion remains a key element

of our strategy – it allows us not only to scale up our oper-

ations but also to promote the concept of sustainable de-

velopment among our international partners. Our success

in selling ventilation and air conditioning systems in new

markets demonstrates that eco-friendly technologies and

corporate responsibility are key factors for the future of

the HVAC industry.

We are constantly investing in research and development,

seeking even more effective solutions that address glob-

al energy challenges. As a result, our product portfolio is

becoming increasingly technologically advanced and, at

the same time, even more environmentally friendly. Re-

ducing CO₂ emissions, saving energy, and implementing

smart control systems are the cornerstones of our strat-

egy for the coming years.

We are proud to present our Sustainability Report, which

is not merely a summary of our activities, but a commit-

ment to continued growth in the spirit of responsibility.

We are convinced that through our actions, we are not

only strengthening the Klima-Therm Group’s competi-

tiveness as a leader in the HVAC industry, but are equally

contributing to a better future for future generations. I en-

courage you to read the report and join us in working to-

gether to shape a sustainable world.

Sincerely,

Daniel Jaśkiewicz

Chairman of the Board of Directors

of the Klima-Therm Group

"We are building

a sustainable

future

in the rapidly

changing world

of HVACR."

SUSTAINABLE DEVELOPMENT REPORT

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[BP-1] General Framework for Preparing Sustainability Statements

ESRS 2 GENERAL DISCLOSURE

[ESRS 2, BP-1, 3]

In accordance with the legal framework in effect as of the

date of adoption of this report, the Entity is not subject

to mandatory sustainability reporting, as introduced by

the Accounting Act of September 29, 1994 (Journal of Laws

1994, No. 121, item 591; consolidated text: Journal of Laws

of 2024, items 619, 1685, 1863), which transposes into na-

tional law Directive (EU) 2022/2464 of the European Parlia-

ment and of the Council of December 14, 2022, amending

Regulation (EU) No. 537/2014 and Directives 2004/109/EC,

2006/43/EC, and 2013/34/EU with regard to corporate sus-

tainability reporting (hereinafter referred to as the CSRD –

Corporate Sustainability Reporting Directive).

Act of July 9, 2025, Amending the Act Amending the Ac-

counting Act and the Act on Certified Public Accountants

audit firms and public oversight, as well as certain

other laws, implementing Directive 2025/794 (the so-

called “stop-the-clock” Directive), has deferred this obli-

gation by two years for companies that were scheduled to

begin reporting on sustainability in 2026 and 2027. Under

the adopted regulations, an entity required to prepare a re-

port will do so no earlier than 2028 (for the 2027 fiscal year).

At the same time, as of the date of adoption of the report,

in accordance with Directive (EU) 2026/470 of the Euro-

pean Parliament and of the Council (EU) 2026/470, the

entity will not be subject to reporting requirements due

to the criteria limiting the obligation to entities and cor-

porate groups with more than 1,000 employees and net

sales revenue exceeding 450 million euros annually.

The Directive has not yet been fully transposed into na-

tional law; however, the progress of legislative work to

date suggests that such transposition will occur.

Although there is no formal obligation to do so, in re-

sponse to the growing demand for information on sus-

tainable development, the Entity decided to prepare this

report. It was prepared in accordance with the require-

ments set forth in the European Sustainability Reporting

Standards (ESRS), introduced by Commission Delegated

Regulation (EU) 2023/2772 of July 31, 2023.

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[ESRS 2, BP-1, 5(a), 5(b), i–ii.]

This document has been prepared on a  consolidated

basis for the Klima-Therm Capital Group (the Group).

The scope of consolidation for the sustainability report

is not the same as the scope of consolidation for the

financial statements, which includes all companies be-

longing to the Group. This report covers the Polish com-

panies that are part of the Group, namely Klima-Therm

Sp. z  o.o. (Klima-Therm) and Klimor Sp. z  o.o. (Klimor).

These entities constitute the most significant part of the

Group’s operations, both in terms of revenue and the

number of employees.

During the reporting year, none of the foreign subsidiar-

ies employed more than 50 employees or accounted for

at least 10% of the Group’s total workforce. The entity is

considering expanding the scope of its reporting in the

future to include data and information regarding foreign

subsidiaries. Unless otherwise indicated for specific dis-

closures, the data and information cover the entire scope

of the Group’s operations and relate to the parent com-

pany and the consolidated subsidiaries.

[ESRS 2, BP-1, 5 c)] [ESRS 2, BP-1, 5 d)]

This report covers the period from January 1, 2025, to

December 31, 2025. It examines operations across the

value chain – at both lower and higher levels – analyzing

their impacts, risks, and opportunities. This information is

presented in chapters covering specific aspects of sus-

tainability, while actions are described in sections on pol-

icies, initiatives, and goals. The scope of consolidation is

consistent with the consolidated financial statements for

the same fiscal year. This is the first sustainability report

prepared in this format. The entity did not exercise the

option to omit information regarding intellectual property,

know-how, and the results of innovation efforts.

[ESRS 2, BP-1, 5 e)]

Due to the absence of the necessary conditions, the en-

tity did not avail itself of the exemption from disclosing

information regarding expected events or matters under

negotiation, in accordance with Article 19a(3) and Article

29a(3) of Directive 2013/34/EU.

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Information Requirement

Grounds for Waiving Disclosure

An entity may omit the information specified in ESRS 2 SBM-

3, paragraph 48(e) (expected financial effects) in the first year

it prepares a sustainability statement. Notwithstanding the first

sentence, entities referred to in Article 5(2), first subparagraph,

point (a), and Article 5(2), third subparagraph, point (a) of Direc-

tive (EU) 2022/2464 may omit the information specified in ESRS

2 SBM-3, paragraph 48(e) (expected financial impacts) for the

first three years of preparing the sustainability statement.

An entity may satisfy the requirements set forth in ESRS 2 SBM-

3, paragraph 48(e), by providing only qualitative disclosures for

the first three years of preparing its sustainability statement, if it

is impracticable to prepare quantitative disclosures.

The entity provides only qualitative disclosures, taking advan-

tage of the option to omit certain information for the first three

years of preparing its sustainability statement if it is impractical

to prepare quantitative disclosures.

E1-6 Gross greenhouse gas emissions for Scopes

1, 2, and 3, and total greenhouse gas emissions.

Omission of data points regarding Scope 3 carbon

dioxide emissions and total greenhouse gas emis-

sions.

E1-9, E2-6, E3-5, E5-6 Expected financial impacts resulting

from risks and opportunities.

The entity is exercising the option to omit certain information

in the first year it prepares its sustainability statement.

[ESRS 2, BP-1, 5 d)]

[BP-1] List of disclosure requirements that the Entity elected not to present

in the reporting year, in accordance with Appendix C of ESRS 1

TABLE 1. LIST OF INFORMATION REQUIREMENTS FROM WHICH THE ENTITY OPTED OUT

DURING THE REPORTING YEAR, IN ACCORDANCE WITH APPENDIX C OF ESRS 1

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[BP-2] Disclosure of Information Regarding

Specific Circumstances

SOURCES OF ESTIMATES AND UNCERTAINTY

IN THE VALUE CHAIN

The entity does not disclose information in its financial statements

that includes data or estimates related to the value chain.

Time frame used in the report:

[ESRS 2, BP-2, 6–15]

The Report adopts the definitions of the short-, medium-, and long-term time

horizons in accordance with the definitions set forth in ESRS 1, Section 6.4.

Short-term

Medium-term

Long-term

reporting period

in the financial statements

1 to 5 years

over 5 years

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[GOV-1] The Role of Administrative, Management, and Supervisory Bodies

COMPOSITION AND DIVERSITY OF MEMBERS OF ADMINISTRATIVE, MANAGEMENT, AND SUPERVISORY BODIES

[ESRS 2, GOV-1, 21 a)]

The companies' boards of directors each consist of two members, each of whom holds an executive position.

The members of the Management Board of Klima-Therm Sp. z o.o. in are:

The members of the Management Board of Klimor Sp. z o.o. are:

No supervisory boards have been established in the Companies.

Daniel Jaśkiewicz

Chairman of the Board

of Directors

Marek Kupiec

Chairman of the Board

of Directors

Dariusz Wójcik

Director of Logistics and Exports,

Member of the Management Board

Jarosław Gawroński

Chief Financial Officer,

Vice President

of the Management Board /

Member of the Management Board

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ORGANIZATIONAL STRUCTURE OF THE KLIMA-THERM GROUP

The Companies’ organizational structure is based on a clearly defined division of authority, responsibility, and key functions essential for the efficient management of

commercial, technical, operational, and administrative activities. Within the Group, selected divisions – in particular Human Resources, Administration, IT, and Sales,

along with Marketing – function as shared units across the Companies and are managed in a uniform manner, which ensures consistent standards and effective coop-

eration between the organizations.

Human Capital Management,

Human Resources Policies, Employee

Development and Support

Administrative support,

Coordination of internal processes

and organizational support

IT Systems Management, IT

Infrastructure Development,

and User Support

Sales, marketing, and customer

relationship management

KLIMA-THERM GROUP

Entities Common to the Companies

HUMAN RESOURCES

ADMINISTRATIVE

IT

SALES

I MARKETING

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KLIMA-THERM

At the highest level of Klima-Therm is the Management

Board, which consists of the President of the Manage-

ment Board and the Director of Logistics and Export. The

Management Board oversees the work of the Directors

responsible for the company’s main areas of operation:

Sales and Marketing, Technical, Human Resources, and

Administration, including the IT Department. Each Director

leads teams that carry out key operational and strategic

tasks, ensuring the smooth functioning of the organization

and effective collaboration among the departments that

support sales, customer service, and company growth.

KLIMOR

Klimor’s organizational structure is based on distinct

functional divisions responsible for product development,

sales, and maintaining the efficiency of production pro-

cesses. The Technical, Sales, and Finance and Account-

ing Divisions play a key role here, and the structure is com-

plemented by a network of local production facilities. The

Technical Division, led by the CEO – who also serves as

Technical Director – is responsible for technological de-

velopment, the implementation of innovations, and over-

sight of production processes. It includes, among others,

the R&D, Purchasing and Logistics, Service, and Prod-

uct Management departments. These functions work

directly with the plants production facilities, setting tech-

nological standards and overseeing their implementation.

The Klimor Management Board also includes a Chief Finan-

cial Officer with the rank of Vice President, who is responsi-

ble for finance and accounting, management control, and

economic analysis. A key component of the organization is

the production facilities, which have their own Operations

Management team responsible for executing production

plans, maintenance, and quality control. These areas work

in close collaboration with the Technical Division and the

central Purchasing, Logistics, and Sales Departments,

ensuring consistency of processes throughout the Com-

pany.

REPRESENTATION OF EMPLOYEES

AND OTHER PERSONS PERFORMING WORK

[ESRS 2, GOV-1, 21(b)]

There are no labor unions at Klima-Therm. In the case of

processes or documents requiring consultation with em-

ployee representatives (e.g., when establishing an Em-

ployee Pension Plan), an Employee Council is appointed

on a  case-by-case basis for the duration of the specif-

ic project. This form of representation ensures that em-

ployees have the opportunity to express their opinions

and participate in decision-making processes regarding

important organizational and employee-related matters.

Dialogue and consultations with employees take place on

an ongoing basis regarding matters relevant to company

decisions affecting employees (e.g., when implementing

employee benefits or training programs).

At Klimor, a company belonging to the Klima-Therm Group,

there is a company-level trade union organization of NSZZ

Solidarność and a  Social Committee. Cooperation with

these bodies primarily concerns the fulfillment of the em-

ployer’s statutory obligations – decisions related to the ter-

mination of employment contracts, changes to HR and orga-

nizational documents, and occupational health and safety

matters are consulted on an ongoing basis in writing. Di-

alogue and consultations with employees take place on

an ongoing basis regarding matters relevant to company

decisions affecting employees (e.g., when implementing

employee benefits or training programs).

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MEMBERS' EXPERIENCE WITH REGARD TO THE COMPANY'S SECTORS, PRODUCTS, AND GEOGRAPHICAL LOCATIONS

[ESRS 2, GOV-1, 21 c)]

COMPOSITION OF THE BOARD OF DIRECTORS OF

KLIMA-THERM SP. Z O.O.:

DANIEL JAŚKIEWICZ – CHAIRMAN OF THE BOARD

OF DIRECTORS KLIMA-THERM GROUP, OWNER

OF KTGI SP. Z O.O.

Daniel Jaśkiewicz is the founder of the Klima-Therm Group

and its chief strategist. Since 1996, he has consistently ex-

panded the company’s operations in the HVACR industry,

building its strong position in both the domestic and inter-

national markets. He currently manages the KTGI holding

company, which comprises over a dozen subsidiaries in

Poland and abroad, employing more than 500 people. He is

a graduate of Gdańsk University of Technology with a de-

gree in Mechanical Engineering, specializing in Air Condi-

tioning and Ventilation. In 1996, he founded Klima-Therm,

and a year later he established a partnership with the Jap-

anese conglomerate Fujitsu, becoming an authorized dis-

tributor of the brand in Poland, the Scandinavian markets,

and the Baltic states. As CEO, he actively participates in

product development and technical projects, including the

introduction of innovations and the development of new

lines of HVAC equipment. One of his key strategic deci-

sions was the 2010 acquisition of Klimor – a manufactur-

er of ventilation systems – which enabled the expansion of

in-house production and the diversification of the Group’s

product portfolio. On his initiative, the KAISAI private la-

bel was also launched, featuring energy-efficient air con-

ditioning units and heat pumps, and in 2021, the Group es-

tablished a renewable energy solutions division. As part of

the Group’s strategy addressing environmental, social, and

governance (ESG) issues, he supports the development of

energy-efficient technologies and solutions that promote

the decarbonization of the HVACR sector.

DARIUSZ WÓJCIK – MEMBER OF THE BOARD OF DI-

RECTORS, DIRECTOR OF LOGISTICS AND EXPORTS

Dariusz Wójcik serves as a Member of the Management

Board and Director of Logistics and Exports at Klima-Therm

Sp. z o.o. At the company, he is responsible for developing

strategic relationships with suppliers in the Polish, Europe-

an, and Asian markets, as well as for strategic procurement

planning, supply coordination, and negotiating commer-

cial terms. He also oversees operational cooperation with

foreign companies to ensure product availability and is re-

sponsible for meeting export sales budgets. He gained his

professional experience between 1997 and 2003 at Raben,

where he served as branch director, director of the north-

ern region, and director of domestic freight forwarding.

He possesses extensive knowledge in the organization of

warehouse and transportation processes, as well as in in-

ventory optimization. He is also a member of the team im-

plementing the SAP ERP system at the Klima-Therm Group,

which supports the management of purchasing, ware-

housing, and customer service processes. He has been

with Klima-Therm since 2005.

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MEMBERS OF THE BOARD OF DIRECTORS OF

KLIMOR SP. Z O.O.:

As a  manufacturing company within the Klima-Therm

Group, Klimor has its own separate Board of Directors.

MAREK KUPIEC – CHAIRMAN OF THE BOARD OF DI-

RECTORS OF KLIMOR SP. Z O.O.

Marek Kupiec is an experienced manager and expert in the

HVACR industry, having been involved in the sector since

1994. He graduated from Gdańsk University of Technol-

ogy with a degree in Ventilation and Air Conditioning and

has many years of experience in managing production pro-

cesses and technology development. In 2007, he joined the

Klima-Therm Group as Technical Director, and since 2011 he

has served as President of the Management Board of Klimor.

Under his leadership, the company has significantly strength-

ened its position in the domestic and international markets

and expanded its export operations. His key achievements

include, among others, obtaining EUROWENT certification

for Klimor’s flagship products, confirming their high quality

and competitiveness. He also initiated digitization process-

es in the areas of production, sales, and after-sales ser-

vice. He consistently supports the development of modern

technologies and the team’s expertise, contributing to the

strengthening of the company’s position in the HVACR in-

dustry.

JAROSŁAW GAWROŃSKI – MEMBER OF THE BOARD OF

DIRECTORS KLIMOR, LLC / CHIEF FINANCIAL OFFICER

AT THE KLIMA-THERM GROUP

Jarosław Gawroński is an experienced expert in finance

and management accounting who is a  certified pub-

lic accountant. He is a  graduate of Gdańsk University

of Technology and the prestigious MBA program orga-

nized by the Gdańsk Foundation for Managerial Educa-

tion (GFKM) in collaboration with RSM Erasmus Universi-

ty. He gained his professional experience by managing

the finances of the Polish branches of European leaders

in the food industry and by working at one of the world’s

largest auditing firms.

He has been with the Klima-Therm Group since 2008, and

since 2011 he has also played a key role at Klimor as Chief

Financial Officer and Member of the Management Board.

He is responsible for financial management, controlling,

debt collection, ensuring financial liquidity, and risk man-

agement. He implements control tools and procedures,

collaborates with the Chief Accountant on accounting

standards, financial and tax policies, and monitors chang-

es in the legal environment to ensure the company’s com-

pliance with applicable regulations.

As a  key member of the management board, he ac-

tively participates in the implementation of investment

projects, overseeing their financing, budgeting, and ex-

pense control. He supervises the execution of revenue

budgets for companies in Poland and abroad, and is also

responsible for preparing financial statements, including

at the consolidated level. He represents the company in

dealings with financial, auditing, and insurance institu-

tions.

SUSTAINABILITY REPORT

KLIMA-THERM CAPITAL GROUP FOR THE YEAR 2025

19

INFORMATION

GENERAL

ENVIRONMENT

PEOPLE

DATA

REGARDING

REPORT

CORPORATE GOVERNANCE

ESG REPORT

DIVERSITY INDICATOR FOR THE BOARD OF DIRECTORS

AND EXECUTIVE MANAGEMENT

[ESRS 2, GOV-1, 21 d)]

With regard to the structure of the administrative and management bodies in both com-

panies, there are no women on the management boards.

The gender diversity index among management personnel at the companies is as follows:

INDEPENDENCE OF BOARD MEMBERS

[ESRS 2, GOV-1, 21 e)]

The percentage of independent members of the Group’s administrative and manage-

ment bodies is as follows:

KLIMA-THERM

Within the senior management structure

(board of directors), one woman serves

as Chief Human Resources Officer. With

a  total of seven members on the board,

women account for 14% of the group.

1 woman for every 7 people

in the management team

1 woman for every 5 people

in the management team

Percentage of Independent

Members of the Board of Directors

Percentage of Independent

Members of the Board of Directors

KLIMA-THERM

At Klima-Therm Sp. z o.o., the President of

the Management Board, Daniel Jaśkiewicz,

is also the owner of the Group (100% of the

shares), which means that he does not meet

the independence criterion. As a result, the

percentage of independent members of

the Company’s Management Board is 50%.

KLIMOR

Within the senior management structure

(board of directors), one woman serves as

the Director of Human Resources. With

a total of five members, women account

for 20% of the board.

KLIMOR

At Klimor Sp. z o.o., all members of the Man-

agement Board meet the independence

criteria, which means that the percentage

of independent The percentage of mem-

bers of the governing body is 100%.

14%

20%

50%

100%

SUSTAINABILITY REPORT

KLIMA-THERM CAPITAL GROUP FOR THE YEAR 2025

20

INFORMATION

GENERAL

ENVIRONMENT

PEOPLE

DATA

REGARDING

REPORT

CORPORATE GOVERNANCE

ESG REPORT

Responsibility for overseeing the impacts, risks, and

opportunities related to sustainable development

[ESRS 2, GOV-1, 22(a)]

As a  result of a  double materiality analysis, key topics

were identified for the entire Group. To ensure effective

management of the identified impacts, risks, and oppor-

tunities, areas related to social issues and corporate gov-

ernance are managed at the Group level by the same de-

partments.

Responsibility for specific areas has been assigned to

the relevant departments and organizational units:

• ESRS S1 – In-House Workforce – Responsibility: Human

Resources Department,

• ESRS S4 – Consumers and End Users – Responsibility:

Sales Department,

• ESRS G1 – Business Conduct – Responsibility: Manage-

ment.

In the environmental area, however, there are differenc-

es within the Group regarding the assignment of respon-

sibility for various issues:

• ESRS E1 – Climate Change,

• ESRS E2 – Contaminants,

• ESRS E3 – Water and Marine Resources,

• ESRS E5 – Resource Use and the Circular Economy.

At Klima-Therm, responsibility for these matters falls un-

der the Technical Department, while at Klimor, responsibil-

ity has been expanded to include the R&D, Purchasing and

Logistics, and Service and Maintenance Departments.

All activities related to the implementation and monitor-

ing of the above areas are coordinated by the Group’s

Sustainable Development Team, which was established

to ensure a consistent approach and to compile data on

sustainability development, communicating information –

including the results of analyses – to those responsible

for specific issues, and preparing the annual sustainability

report.

Reflection of accountability for outcomes, risks, and

opportunities related to the company’s responsibili-

ties in the Management Board’s terms of reference and

other related policies

[ESRS 2, GOV-1, 22 b)]

Individuals’ responsibility for managing material impacts,

risks, and opportunities stems directly from their roles

within the organizational structure. The companies’ boards

of directors perform a supervisory function in this regard,

while senior management members carry out the execu-

tive function.

Because some members of management boards hold

dual roles – serving as directors while also being respon-

sible for specific areas of operations – their role within the

management structure is twofold: it encompasses both

supervisory and operational functions.

ROLES AND RESPONSIBILITIES OF ADMINISTRATIVE, MANAGEMENT, AND SUPERVISORY BODIES