Produce • The Cookstoves Project provides rural households in Kenya with modern and clean methods to cook We are fostering investments in renewable energies by food. The project replaces the practice of burning installing photovoltaic (PV) systems in various locations biomass in open 昀椀res and other inef昀椀cient cooking worldwide. facilities which contribute to indoor air pollution and climate change. By providing modern and clean • In 2023, we increased the output through our strategic cookstoves, the project helps to signi昀椀cantly reduce expansion of PV installations to 9000 MWh. Our energy consumption, CO22 emissions and harmful installed PV capacity now covers 6 percent of our indoor air pollution from smoke emissions. The total electricity consumption, which would supply roughly 33,000 stoves distributed through the project about 3600 European households for one year. At will offset 90,000 tons of CO per year. The project our central warehouse in Liechtenstein, we installed 22 also creates social impact by generating cost savings one of the largest PV systems in the country, with for the families, creating jobs in the area and by an output capacity of approximately 1000 MWh, on helping people stay healthy. top of the 1800 MWh installed in the previous years. We are planning to continue to invest heavily in solar in the future and have already approved a number of new large installations for 2024: for example, 1300 MWh at our plant in Hungary, and 1600 MWh at our plant in India. • The Biogas Project supports families in Madhya Pradesh, India, in replacing inef昀椀cient cooking Offset systems with a biogas digester and a biogas- based cookstove unit, which saves 昀椀rewood and By saving energy and using alternative energy sources, other cooking and heating fuels. Each digester is we can signi昀椀cantly reduce CO emissions. To close the connected to an individual house. The biogas is 22 generated using locally collected organic waste. gap to zero emissions, we compensate the remaining amount with CO22 savings elsewhere. In cooperation Completed during the reporting year, the project with the Hilti Foundation and a renowned external has provided more than 8000 families with digesters, partner, we have created an exclusive Hilti portfolio of thereby offsetting 30,000 tons of CO22 emissions. compensation projects. We are meaningfully involved Besides the positive social impact of generating in the development of these projects to ensure that the jobs, improving health conditions and livelihoods, objectives pursued are in line with our values and that the project also helps to reduce deforestation as they give back to the local communities. 昀椀rewood is no longer needed.