39 Cloudberry Annual report 2021 Sustainability report Principles of Governance Cloudberry adheres to good governance standards and will at all times seek to ensure that the company endorses the Norwegian Code of Practice for Corporate Governance (the “Corporate Governance Code”), last revised on 14 October 2021, which is available at the web site of the Norwegian Corporate Governance Board www.nues.no. This includes disclosure and transparency in all our business to provide shareholders and stakeholders with precise and accurate information concerning all aspects regarding Cloudberry. Performance summary Governance Not started On plan Achieved Strengthen sustainability into business strategy Identify and manage ESG risks and opportunities in company operations Establish ESG committee Review and report on ESG strategy, policies and performance ESG Due Diligence Guideline Stakeholder engagement Stakeholder dialogue – review and update Stakeholders expectations - continuously assess Code of Conduct - annually review Company culture Whistleblower Channel and Policy – established and rolled out Company Values - employee contribution Report on violations of laws and regulations in accordance with whistleblower routines More detailed information on Corporate Governance Code please read Cloudberry`s Corporate Governance Report 2021, also available in the annual report. Our sustainability strategy Our approach and activities Cloudberry provides clean renewable energy for future generations, develops a sustainable society for the long term and creates value for its stakeholders. Cloudberry believes that a systematic approach towards incorporating sustainability matters in the value chain is imperative to fulfil our purpose. Cloudberry has strengthened its sustainability strategy into the overall business strategy, and it is incorporated in development projects, producing assets and in our overall operating business. As a part of the reporting structure, environmental, social and governance concerns are embedded. The management and Board of Directors review specific sustainability topics including procurement, stakeholder engagement, health and safety, security and environmental and social impacts in all our business units. 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 integrated into the company’s long-term business strategy. The CEO oversees and reports to the Board of Directors on the management’s progress related to Cloudberry’s key strategic sustainability and climate-related objectives. At the
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