Corporate Sustainability report In line with our commitment to transparency and corporate social responsibility, below you can find our latest sustainability reports. This report is an important tool to communicate our environmental, social and governance performance to our stakeholders and society at large. See 2024 report See 2023 report See 2022 report See 2021 report See 2020 report See 2019 report See 2018 report

Compliance program The Armando Alvarez Group has a Compliance Program in place to duly prevent any illegal actions. This program contains a series of tools and controls that avoid breaches of the law and of the internal regulations by executives, employees or third parties who deal with the Group companies. The program is based on prevention, detection and reaction to potential breaches within the companies. This programme is verified in accordance with UNE 19601:2017. One of the program’s fundamental tools is the Ethics Channel. It is available at the following site https://armandoalvarez.canaldenuncia.app/#/login and by post, addressed to the Head of Compliance, María Rodríguez-Parets (Avd. Pablo Garnica 20, 39300 Torrelavega, Cantabria, Spain). The Group also has a Compliance Policy in place. Its aim is to establish the necessary and required behaviour standards, commitment to applicable regulations and, specifically, the intention to not tolerate conducts that could entail criminal activity or that violate internal regulations. The purpose is to raise awareness towards a culture of integrity and respect for the current laws and regulations, and to establish a general framework for action and behaviour based on its values. Download Compliance Policy Download Anti-Corruption Policy Ethics Channel Would you like to report a breach or an irregular behaviour?  Access the Channel

Letter from the Chairman José Ramón Álvarez Ribalaygua Dear partners,  As you know, Armando Alvarez, S.A. was founded on June 14th, 1954, and is currently the parent company of the Armando Alvarez Group. Its corporate object is to act as a Holding Company, participating in the management of the investee companies, providing them with support and carrying out complementary activities, such as research and development in the field of plastic materials.   Founded in 1964, the Armando Alvarez Group comprises several companies that joined us throughout the Group's history. These are independent companies that form part of the same Group, and work under the same philosophy, ethics, and respect for the commonly accepted rules and principles (Armando Alvarez, S.A., Alvarez Forestal, S.A., Plásticos Españoles, S.A., Alvarez Maderas y Envases, S.L., Reyde, S.A., Reyenvás, S.A., Silvalac, S.A., Plásticos Vanguardia, S.A., Rafia Industrial, S.A., Solplast, S.A., Sotrafa, S.A., Macresac, S.A., Transportes Mixtos Especiales, S.A, Biomasa de Cantabria, S.L., Envaflex, S.A., Mauser Reyde Ibérica, S.L., Tex Delta, S.L. y Cuarto Alto, S.A.).    Times change, and having fully reached its corporate consolidation, the Armando Alvarez Group wishes to prove its definitive and formal commitment, within the framework required by company activity at any given time, to the corporate standards for conduct established nationally and internationally. These mainly follow the recommendations given by the Organisation for Cooperation and Economic Development. By applying these recommendations and the Corporate Government rules and principles, risks can be prevented and bigger goals can be met in future services provided to shareholders and in general to the national and international industry.   Aligned with the commitment to compliance with corporate rules and ethics, the Group has established:   A Code of Good Governance for Directors, which is the code of conduct for Group company management activities.   A Compliance Program, as an instrument to prevent criminal conduct within the company.   A Corporate Code of Conduct that is a public written statement of a set of principles/values in company conduct, as well as for the conduct of its executives and employees.  An Ethics Code for Suppliers that contains the behaviours expected from our suppliers.  A Tax Strategy to manage these issues responsibly and with transparency in order to prevent and reduce tax risks and reputation hazards.     Beyond mere compliance with legal obligations, we are working towards a better future for people, for our clients, our employees and for society in general.  These rules, approved by the Board of Administration that I chair, are a formal expression of this commitment.  José Ramón Alvarez Ribalaygua  Chairman