55 Cloudberry Annual report 2021 Sustainability report Metrics and targets Metrics and targets are used to assess and manage relevant climate-related risks and opportunities where such information is material. Cloudberry’s Carbon Emissions Cloudberry reports annually on its carbon emissions in accordance with the Greenhouse Gas (GHG) Protocol. Cloudberry started calculating in 2020 and calculates all three scopes. The company strives to improve its GHG accounting routines by expanding categories in Scope 3 to cover emissions in the value chain. Minimizing our environmental impact and the CO2 emissions is at the core of our business. Cloudberry`s carbon inventory is divided into the three main scopes of direct and indirect emissions, and in 2021 Cloudberry’s reported carbon emissions from Scope 1, 2 and 3 were 203 tonnes CO2e (tCO2e). Carbon Accounting Unit 2020 2021 Scope 1 Total tCO2e - - Scope 2 Total Location-Based tCO2e 1 7 Scope 3 Total tCO2e 186 196 Total tCO2e 187 203 · Scope 1 covers all direct emission sources, including all use of fossil fuels for stationary combustion (predominantly diesel generators) and transportation. Cloudberry does not own company cars and there are no other direct greenhouse gas emissions to report in scope 1. · Scope 2 includes indirect emissions related to Cloudberry`s purchased energy (i.e., electricity and heating/cooling). This includes purchased energy for Cloudberry`s offices in Oslo, Norway and in Karlstad, Sweden, as well as the energy used at the sites. The purchased energy at our Swedish office in Karlstad is 100% renewable energy. In 2021, Cloudberry reported a total of 226 MW and the emissions from electricity were 7 tCO2e in scope 2 from a location-based perspective. · Scope 3 comprises the reported indirect emissions resulting from parts of Cloudberry`s value chain activities: Category 1 (purchased goods and services): Cloudberry reports 749 m3 consumption of concrete in 2021, which accounted for 173 tCO2e. The concrete was used for the construction of the hydropower plants Steinbergdalen and Flatestøl (Skåråna Kraft) in Norway. The emissions from the concrete accounts for 85.4% of Cloudberry’s total GHG emissions (Scope 1, 2 and 3). In category 1, Cloudberry also reports the kilometers between service providers’ location and the location of corresponding hydro plants and wind farms that received service. This was a total of 89 100 km and accounted for 15 tCO2e. Category 5 (waste management): In 2021 Cloudberry started reporting on waste management. This includes waste management from the operating powerplants, the inhouse project Hån wind farm in Sweden which is under construction, and waste from Cloudberry`s offices in Oslo and Karlstad. This amounted to a total of 2 194 kilos and accounted for 0.9 tCO2e. Category 6 (business travel): Cloudberry reports emission from air travel, rental cars and milage allowance, which in total accounted for 4.6 tCO2e. Category 15 (investments): Cloudberry reports the electricity used in the hydropower plants in Forte Energy Norway AS, where the company has a 34% ownership. The total registered emissions from Scope 3 were 196 tCO2e. Cloudberry will continue to evaluate and include more aspects of emissions from its value chain activities in 2022, particularly from Scope 3. GHG Emissions 2020-2021 Scope Unit 2020 2021 Scope 1 tCO2e - - Scope 2 (Location-Based) tCO2e 1.4 7 Scope 2 (Market-Based) tCO2e 9.1 56.1 Scope 3 (Purchased Goods and Services) tCO2e 183.7 188.4 Scope 3 (Waste Management) tCO2e - 0.9 Scope 3 (Business Travel) tCO2e 1.6 4.6 Scope 3 (Investments) tCO2e - 2.1 Total GHG emissions tCO2e 186.7 202.9 Total Energy MWh 34.6 226 Principles on reporting emissions In-house development projects: Cloudberry reports emissions on in-house developing projects from final investment decision (FID) and starting point of the construction.
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