reviews of historical 昀椀nancial information’ and the • Inquiries and detailed walkthroughs with relevant responsibility (legal or otherwise) or accept liability for, International Standard on Assurance Engagements stakeholders for the selected indicators 2023 in or in connection with, any other purpose for which our 3410, Assurance Engagements on Greenhouse Gas the 2023 Sustainability Report (including the GHG report including the conclusion may be used, or to Statements (‘ISAE 3410’), issued by the International statement); any other person to whom our report is shown or into Auditing and Assurance Standards Board. Those whose hands it may come, and no other persons shall standards require that we plan and perform our • Inspection of process and control descriptions and be entitled to rely on our conclusion. procedures to obtain limited assurance whether other internal guidelines and relevant documents; anything has come to our attention that causes us to We permit the disclosure of our report, in full only and believe that the Environment and People (including the • Analytical procedures; in combination with the suitable Criteria, to enable GHG statement) was not be prepared, in all material the Board of Directors to demonstrate that they aspects, in accordance with the suitable criteria. • Reperformance of relevant calculations (including the have discharged their governance responsibilities by GHG statement); commissioning an independent assurance report over Based on risk and materiality considerations, we selected indicators in the 2023 Sustainability Report performed our procedures to obtain suf昀椀cient and • Additional assurance procedures as deemed (including the GHG statement), without assuming or appropriate assurance evidence. The procedures necessary (e.g. sample based source tracing); accepting any responsibility or liability to any third selected depend on the assurance practitioner’s parties on our part. To the fullest extent permitted judgement. A limited assurance engagement under • Local level procedures (site visits to inspect local by law, we do not accept or assume responsibility ISAE 3000 (Revised) and ISAE 3410 is substantially processes and reconcile source evidence). to anyone other than the Board of Directors of Hilti less in scope than a reasonable assurance engagement Aktiengesellschaft for our work or this report. in relation to both the risk assessment procedures, We believe that the evidence we have obtained is including an understanding of internal control, and the suf昀椀cient and appropriate to provide a basis for our PricewaterhouseCoopers AG procedures performed in response to the assessed conclusion. risks. Consequently, the nature, timing and extent Stefan Räbsamen Petar Lesic of procedures for gathering suf昀椀cient appropriate Conclusion evidence are deliberately limited relative to a reasonable Zürich, 14 March 2024 assurance engagement and therefore less assurance is Based on the work we performed, nothing has come obtained with a limited assurance engagement than for to our attention that causes us to believe that selected ‘The maintenance and integrity of Hilti Aktiengesellschaft’s a reasonable assurance engagement. indicators (including the GHG statement) of Hilti website and its content are the responsibility of the Board of Aktiengesellschaft for the period from 1 January 2023 to Directors; the work carried out by the assurance provider does We performed the following procedures, among others: 31 December 2023 are not prepared, in all material not involve consideration of the maintenance and integrity respects, in accordance with the suitable criteria. of the Hilti Aktiengesellschaft’s website, accordingly, the • Assessing the suitability in the circumstances of assurance providers accept no responsibility for any changes Company’s use of the suitable criteria, applied as Intended users and purpose of the report that may have occurred to the reported Environment and People explained in the Basis of reporting in the section (including the GHG statement) or suitable Criteria since they “About this Report” on the pages 65 to 67 in the This report is prepared for, and only for, the Board of were initially presented on the website. 2023 Sustainability Report (including the GHG Directors of Hilti Aktiengesellschaft, and solely for the statement) to the selected indicators in the purpose of reporting to them on the selected criteria 2023 Sustainability Report (including the GHG (including the GHG statement) and no other purpose. statement); We do not, in giving our conclusion, accept or assume