BEWI's near-term climate reduction targets have been validated by the Science
Based Targets initiative (SBTi), confirming that the targets are aligned with
climate science and the 1.5-degree scenario outlined in the Paris Climate
Agreement.

"Having our near-term climate reduction targets validated by SBTi is an
important achievement for BEWI," says Camilla Bjerkli, Chief Sustainability
Officer of the BEWI group. "It confirms that our targets are aligned with
climate science and reinforces our commitment to delivering measurable,
transparent and accountable emission reductions across our value chain."

BEWI has committed to reducing its scope 1 and scope 2 greenhouse gas emissions
by 42 per cent by 2030, with 2023 as the baseline. To achieve the targets, the
group has ongoing initiatives across the organisation to enhance energy
efficiency and increase use of renewable energy sources, in addition to
continuous operational improvements to secure the emission reductions.

In addition, BEWI targets to reduce its scope 3 emission intensity by 51.6 per
cent by 2030, measured as emissions from purchased goods and services and the
end-of-life treatment of sold products per tonne of raw material used. This
supports the group's ambition to continue to grow through circular solutions,
improved material efficiency, and closer collaboration across the value chain.

"Many of our customers have their own science-based climate commitments. We
support them with products with lower emissions, and transparent, reliable data
that enable them to meet their targets," Camilla ends.

The Science Based Targets initiative (SBTi) is an organisation that enables
companies to set greenhouse gas emission reduction targets in line with the
latest climate science. It is a partnership between CDP, the United Nations
Global Compact, the We Mean Business Coalition, World Resources Institute (WRI)
and the World Wide Fund for Nature (WWF) and provides independent validation of
corporate climate targets.

Contacts:

Charlotte Knudsen, Chief Communications and IR Officer BEWI ASA, tel: +47
97561959

About BEWI

BEWI is a leading European provider of packaging, components, and insulation
solutions. Through a circular business model, the group produces raw materials
and end goods, while collecting and recycling used materials into new products.

BEWI's core offering is circular packaging and energy-efficient solutions for
the building sector. The group has ambitious targets for profitable growth and
for decarbonising both its customer offering and own operations through
increased use of recycled materials and renewable energy sources. Innovation and
industry partnerships, as well as BEWI's people and culture, are integral to
driving long-term value creation.

With its vision to protect people and goods for a better everyday, BEWI is
"leading the change"?towards a circular economy.

BEWI ASA is listed at the Euronext Oslo Børs under ticker BEWI.