57 Cloudberry Annual report 2021 Sustainability report assessment will be expanded in accordance with the TCFD framework, and the identified climate-related risks will be incorporated into our general risk management and reporting. Going forward Cloudberry will expand its climate accounting reporting on indirect emissions in our value chain (Scope 3) such as for aluminium and steel. This will be aligned with the reporting criteria in the EU Taxonomy, analyzing life cycle greenhouse gas (GHG) emissions from Cloudberry’s development and operating power projects and assets. The Taxonomy Activities Cloudberry is in the process of assessing the company`s alignment with the EU Taxonomy Regulation. In accordance with the EU Taxonomy requirements for the reporting year 2021, qualitative information and information on the proportion of taxonomy eligible activities in relation to total activities set out in the Delegated Act must be disclosed. In 2021 Cloudberry assessed its eligible activities covered by the EU Taxonomy and technical screening criteria and its proportion of Taxonomy-eligible and Taxonomy non-eligible economic activities in its total turnover, capital and operational expenditure. Inventory of the eligible activities covered by the Taxonomy in Cloudberry`s business units: 1. Electricity generation from wind power. NACE code D35.1.1 (Production of electricity) and F42.2.2 (Construction of utility projects for electricity) 2. Electricity generation from hydro power. NACE code D35.1.1 (Production of electricity) and F42.2.2 (Construction of utility projects for electricity) Basis and principles Cloudberry is reporting on proportion of Taxonomyeligible activities on electricity generation from wind power and electricity generation from hydro power on consolidated units (IFRS). Net-Zero Transitioning to a low-carbon society 1 Cloudberry is a fossil-free company and has reached net-zero emissions in its own operations by removing CO2 from the atmosphere through restoring mangrove forests for Scope 2. Net-Zero 2021 Scope 1 and 2 1 Net-Zero by 2040 Scope 3
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