ABB publishes 2023 Integrated Report

ABB Ltd / Key word(s): Annual Results ABB publishes 2023 Integrated Report 23-Feb-2024 / 06:45 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. ZURICH, SWITZERLAND, FEBRUARY 23, 2024

• Report covers ABB’s 2023 strategy, business, governance, financial and sustainability performance
• 76 percent reduction of scope 1 and 2 GHG emissions since 2019
• 74 megatons CO₂e emissions avoided throughout lifetime of products sold in 2023

ABB today published its Integrated Report, which is the company’s primary report at Group level. The report integrates the most important material information about the company’s strategy, business, governance as well as its financial and sustainability performance. In addition to the Integrated Report, ABB’s 2023 Annual Reporting Suite published today includes its Financial Report, Corporate Governance Report, Compensation Report, Sustainability Report as well as the Form 20-F that was filed with the United States Securities and Exchange Commission.

ABB Chairman Peter Voser said: “By combining our technology leadership in electrification and automation with our decentralized ABB Way operating model we create holistic value for our stakeholders while enabling a more sustainable and resource-efficient future. In 2023, we took advantage of the positive market environment and strong secular demand drivers and our financial and sustainability achievements show that we are heading in the right direction.”

ABB’s value creation model provides a comprehensive summary of the holistic value the company generates for all stakeholders across its entire value chain, including customers, employees, investors and suppliers. It outlines the inputs that ABB needs to create value and illustrates how the Group transforms these inputs into outputs and outcomes through its decentralized operating model.