Agilyx has adopted and implemented a corporate governance regime which complies with the Norwegian Code of Practice for Corporate Governance, dated 14 October 2021 (the “Corporate Governance Code”) and is committed to the principles of good corporate governance, with a governance structure consisting of a board of directors (BoD), committees and executive management. The following three BoD committees each have a chair: audit, compensation and environment/sustainability/governance.

The full BoD has responsibility in nominating the activities related to the Board.

Pursuant to its articles of association, the Company has a nomination committee. The general purpose of the nomination committee is to propose nominees for election to the BoD and its chair, and suggest (in cooperation with the compensation committee) the renumeration for the Board and BoD committee members.

Styrenyx, Agilyx’s advanced recycling technology, can reduce carbon equivalent emissions for styrene production by up to 86% compared to fossil-based production. This recycling technology plays a fundamental role in reducing our customers’ environmental impact, supporting business model changes and enabling plastic circularity.

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While we agree that plastic waste is a huge global challenge, its recycling rates are currently less than 10%. This is due to outdated industry infrastructure and management processes that result in the majority of plastics ending up in landfills, incinerators and, worst of all, the environment.

This must change.

No one can solve this enormous problem alone. As we tackle the complex challenges of managing plastic waste across the value chain, the need for collaboration has never been greater. By fostering a synergetic working environment with our employees, partners, customers, and communities, together we can drive this much needed change!

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