Annual Report 2025

Basis for preparation

General basis for preparation

Reporting period and scope of consolidation

The sustainability statements cover the period from January 1 to December 31, 2025, which is SoftwareOne’s financial year. The combination of SoftwareOne and Crayon was concluded on July 3, 2025. All data is reported as a combined company, with references made to SoftwareOne representing both entities unless Crayon is specifically mentioned.

To reflect the fact that the combination took place halfway through the year, we applied the following principles in collecting the data underlying the sustainability statements:

• SoftwareOne data: full financial year from January 1 to December 31, 2025.
• Crayon data: second half of the financial year from July 1 to December 31, 2025.

The consolidated ESG data includes the parent company SoftwareOne Holding AG and its affiliated entities and subsidiaries in 74 countries worldwide. This is consistent with our IFRS-compliant financial reporting, which is also carried out on a consolidated group basis. No entities have been excluded. Our financial reporting covers the same time periods as outlined above for sustainability reporting.

Value chain coverage

The sustainability statements cover our own operations as well as our upstream and downstream value chain. The impacts, risks, and opportunities (IROs) identified through our double materiality assessment likewise cover the entire value chain.

Detailed information about our policies can be found in the individual topical standards. Selected policies and actions extend to our value chain, where relevant.

For additional information, please refer to the section Our value chain in ESRS 2.

Disclosure exemptions

SoftwareOne has not utilized the disclosure exemptions under articles 19(a)(3) and 29(a)(3) of Directive 2013/34/EU. These exemptions apply to disclosures of impending developments or matters in the course of negotiation.

Phase-in provisions

SoftwareOne has selectively adopted ESRS phase-in options where they are available in the respective topical standards. These sustainability matters are not reported. Consequently, we do not report on E1-9, S1–7, S1–11 or S1–13.

Disclosures in relation to specific circumstances

Definitions of time horizons

Our DMA, which informs our reporting, used the same definitions of short-, medium-, and long-term as the ESRS. These ESRS-aligned definitions of time horizons are reflected in our IRO descriptions in the respective topical standards in the sustainability statements. Elsewhere, specific years are generally used for clarity.

Pursuant to ESRS 1 section 6.4, the time horizons are:

• Short term: one year. ESRS defines the short term as SoftwareOne’s reporting period in line with our financial statements.
• Medium term: two to five years. ESRS defines the medium term as from the end of SoftwareOne’s reporting period up to five years.
• Long term: more than 5 years as per the ESRS definition.

Estimates and uncertainty (including value chain estimation)

Generally, metrics related to our own operations are based on primary data, while value chain metrics are typically estimated, leading to a greater degree of measurement uncertainty. SoftwareOne has described its methodology in the respective topical standards, indicating instances where estimates have been utilized in our metrics and planned measures to improve data accuracy.

Some ESG data points are based on estimates and assessments as indicated below:

• Greenhouse gas (GHG) emissions: estimates were used to calculate parts of our Scope 1, 2, and 3 emissions, resulting in some uncertainty due to data challenges. For additional information, please refer to the section E1 Climate change.
• S1 Own workforce: estimates were used to calculate the remuneration ratio, gender pay gap, and average training hours per employee. For additional information, please refer to the section S1 Own workforce.

Changes in data preparation and presentation

Where ESRS-mandated qualitative and quantitative data points are reported, we treat them all as first-time reporting by SoftwareOne. This applies where:

• ESRS-mandated data points are completely new and have not previously been reported by us.
• Similar data points previously reported by us now have different definitions and boundaries under ESRS. We have brought our definitions into accordance with ESRS and have not made any historical references.

Comparative data from previous years is not included because it pre-dated SoftwareOne’s combination with Crayon. Like-for-like comparisons would therefore not be useful and meaningful as intended under the ESRS. We have prioritized the 2025 reporting period in the respective topical standards.

Reporting frameworks and standards

The sustainability statements are prepared in compliance with the CSRD as implemented in the Norwegian Accounting Act section 2–3 (CSRD) as well as the European Sustainability Reporting Standards (ESRS) issued by the European Financial Reporting Advisory Group (EFRAG). Four topical standards covered under the Environment, Social, and Governance sections have been assessed as material according to our Double materiality assessment (DMA).

Our entity-specific disclosures within the respective topical standards reflect relevant qualitative and quantitative data points aligned with the corresponding material impacts, risks, and opportunities. Entity-specific disclosures are included in the topical standards S1 Own workforce, S2 Workers in the value chain, and G1 Business conduct.

All greenhouse gas data points (GHG Scopes 1, 2, and 3) are reported based on ESRS.

We have also assessed Swiss sustainability reporting requirements stipulated in article 964 (a–c) of the Swiss Code of Obligations and in the Swiss Ordinance on Climate Disclosures. Due to complete overlaps with CSRD and ESRS, Swiss requirements are met through compliance with CSRD and ESRS. There are therefore no compliance gaps, and Swiss and Norwegian regulatory requirements are fully met.

Please refer to the list of ESRS disclosure requirements at the end of the sustainability statements.

Disclosures stemming from other legislation or generally accepted sustainability reporting pronouncements

Our reporting in compliance with the EU Taxonomy Regulation is in the environment section of the sustainability statements. Our Taxonomy reporting helps us to fulfill our ESRS obligations.

SoftwareOne’s previous reporting under the Global Reporting Initiative (GRI) Standards and the Task Force on Climate-related Financial Disclosures (TCFD) Index has been discontinued in deference to the mandatory ESRS disclosures.

Additionally, a list of the datapoints derived from other EU legislation listed in Appendix B of ESRS 2 is available for review at the end of the sustainability statements.

Incorporation by reference

To streamline reporting and avoid repetition, certain ESRS 2 disclosures have been incorporated by reference throughout the integrated annual report. More specifically, we have chosen to incorporate the following disclosures from ESRS 2:

Moreover, we have utilized cross-referencing as follows within the sustainability statements: