69 Cloudberry Annual report 2021 Sustainability report Prosperity Our purpose is to provide renewable energy for future generations and powering the transition to a sustainable future. Our long-term success is linked to operating our business in a sustainable way. Performance summary Prosperity Not started On plan Achieved Local value creation Ensure local value creation in all projects Publish examples of local value creation annually Number of local employment and suppliers on projects and assets Renewable energy supply Report MW/GWh of renewable energy produced annually per power plant Report on reduced GHG emissions from EU energy mix Sustainable financing Listing Oslo Børs – making Cloudberry accessible to more shareholders Gain access to a broader universe of investors Green bond loans – alternative funding structure Best technology BAT in development projects and producing assets We treasure partnerships and develop our projects and our business with a long-term perspective. We create value for stakeholders involved in our projects and share the result of our efforts fairly. Cloudberry is building its business with a long-term perspective in mind. Prosperity relates to Cloudberry`s role in contributing to a societal value creation. We contribute to economic growth by providing employment, local value creation and secure renewable energy supply in the ongoing energy transition. We report transparently and consistently about employment, economic contribution, investments, and taxes paid in our annual reports. Local value creation Providing renewable energy enables 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. Even through windfarms and hydro power plants contribute to the necessary renewable energy transition, every development project has an impact on nature. We take this very seriously and always conduct thorough investigations to minimise the negative impact on nature and society. It is vital for Cloudberry to conduct dialogue with all stakeholders locally and listen and taking into account their expectations and concerns before moving further with a project. Our approach Cloudberry aims to be seen as a good neighbour in the communities where we operate. We pay tax to local municipalities, we establish and respect balanced commercial arrangements with landowners, and we engage with local partners and suppliers when possible and relevant for construction, operations, and maintenance of our projects and plants. For the broader society, we provide renewable energy and contribute to reduce climate emissions from fossil fuels and thereby contribute to meeting the SDGs and the Paris Agreement. When developing projects, we seek to identify local stakeholders’ needs and to accommodate these in our plans. It is also important for us to minimise our
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