Cloudberry Clean Energy Annual report 2020

49 Cloudberry Annual report 2020 Sustainability Prosperity Our purpose is to provide renewable energy for future generations thereby contributing to a sustain­ able society for the long term at the same time as creating value for our stakeholders. Prosperity relates to Cloudberry`s role in contribut- ing to a societal value creation. We contribute to economic growth by providing decent employment, local value creation and renewable energy supply in the ongoing energy transition. Local value creation We strive to share our value creation with local com- munities by providing renewable energy to enable the necessary energy transition. We seek to do this in a sustainable manner. We have a long-term growth strategy as a local business partner, that rests upon our ability to create value for stakeholders. Our approach We seek to share our value creation with local communities by creating employment, paying taxes to local municipalities, paying landowners, and using local business partners when possible for construc- tion, operations and maintenance. For the broader society, we provide energy that is renewable and therefore reduce climate emissions and contribute to meeting the SDGs and the Paris Agreement. Furthermore, Cloudberry seeks to cooperate with local business partners. Lending partners such as local or regional financial institutions are prioritized. We also seek to use local suppliers and contractors whenever possible and contribute to initiatives that are important for local communities. When developing our projects, we seek to identify local stakeholders’ needs and try to accommodate these