Cloudberry Clean Energy Annual report 2020

31 Cloudberry Annual report 2020 Sustainability Board makes sure that sustainability remains as a key topic for Cloudberry and its management. At the management level, the CEO monitors the implementation of the sustainability strategy and is responsible for ensuring that climate-related risks and opportunities are fully integrated into the com- pany’s long-term business strategy. The CEO over- sees and reports to the Board of Directors on the management’s progress related to Cloudberry’s key strategic sustainability and climate-related objec- tives. At the operational level, the Chief Sustainability Officer is responsible for managing sustainability. The activities in 2020 are described in the introduc- tion above in this chapter. For further information on Cloudberry`s purpose, Board of Directors and corporate governance please see the “Corporate Governance” chapter. Way forward In the beginning of 2021, the Board of Directors will establish an environmental, social and governance committee (ESG-committee) consisting of two board members and the Chief Sustainability Officer. The committee`s mandate is to guide and support the company’s work, anchor its commitment and ensure high standards on both strategic and operational levels within environmental, social and governance aspects. Stakeholder engagement Our approach Our success depends on our ability to build trust amongst our stakeholders. It is essential that land- owners lend their land to us, local communities have trust in us, people and partners want to work with us, and that investors and creditors value us. It is funda- mental to the company to engage timely and openly with our stakeholders. The below illustration provides an overview of Cloudberry’s key stakeholders: Cloudberry’s Value Creation Landowners Suppliers Employees Financial institutions Authorities Municipalities Local residents Investors Cloudberry’s main stakeholders Chief Executive Officer Board of Directors Areas of responsibilities through the value chain: TCFD (climate-related risks and opportunities, ESG (environment, social, and governance) Chief Operating Officer Chief Development Officer Chief Value Officer Chief Sustainability Officer