35 Cloudberry Annual report 2022 Sustainability report ESG Key Performance and Targets In 2022, we updated our material environmental, social, and governance (ESG) topics and developed corresponding ambitions, targets, and KPIs. The table below shows the targets and the KPIs we are reporting. Actual 2020 Actual 2021 Actual 2022 Target 2023 Target 2025 Environment 1 GHG emissions avoided tCO2e 5 229 29 133 59 496 124 500 249 000 GHG emissions tCO2e 6 980 25 827 10 727 13 500 24 750 Social 2 Work injuries (incl. Sub-contractors) 0 0 0 0 0 Employee engagement index N/A N/A 5.2 ≥ 5.2 ≥ 5.3 Female employees % of total 20% 29% 29% 35% > 40% Female managers % in mgmt. positions 20% 20% 33% 33% > 40% Female BoD % in total BoD 40% 40% 43% > 40% > 40% Equal opportunities index N/A N/A 5.2 ≥ 5.2 ≥ 5.3 Governance Prescreening of suppliers N/A N/A 10% 50% 100% Whistle-blowing incidents N/A 0 0 N/A N/A Compliance training N/A 100% 36% 100% 100% 1 CO2 reduction and the direct and indirect GHG emissions have been adjusted for previous years. See the Key performance summary and the Environment section for details. 2 The reporting covers employees and companies where the Group has more than 50% proportionate ownership. Companies not included are Enestor AS, Broentech Solutions AS and Kraftanmelding AS. See note 28 in annual report. Key performance summary Cloudberry’s sustainability management was strengthened in 2022, with focus on organizing and disclosing our ESG activities and performance. As a result, we have developed and expanded our set of targets and KPIs. We are continuously improving our sustainability efforts and acknowledge that some KPIs need to be further developed going forward. Nevertheless, our current KPIs are discussed in the Environmental, Social and Governance chapters of this sustainability report. Cloudberry’s 2022 proportionate power production totaled 268 GWh (117 GWh in 2021). The avoided emissions relative to baseline emissions from the European electricity mix (EU-27 electricity mix, IEA 2022) are equivalent to 59,496 tCO2e (29,133 tCO2e in 2021). The avoided emissions previously reported in 2020 and 2021 are adjusted in the 2022 report and is described in the Environment section. The 2023 and 2025 targets are based on expected proportionate production of renewable energy. In 2022 Cloudberry’s total direct and indirect GHG emissions from Scope 1, Scope 2 and Scope 3 amounted to 10,727 tCO2e (25,827 tCO2e in 2021). The previously reported Scope 3 emissions for 2020 and 2021 have been adjusted in the 2022 report, and includes the Scope 3 emissions from construction of the Odal wind farm and the Hån wind farm. This is described in detail in the Environment section. Targets estimated for 2023 and 2025 are calculated from the construction projects in the company`s project pipeline. Starting from 2023 we will report our GHG emissions on a quarterly basis. All of Cloudberry’s hydro power plants are aligned to the criteria of the EU Taxonomy. Detailed thirdparty assessments were carried out to evaluate our alignment to the criteria of the EU Taxonomy, and a verification statement has been issued for each of Cloudberry’s hydro power plants. The internal analysis of our three wind power plants found that all are taxonomy aligned. The third-party assessment is currently ongoing for the wind power plants and will be reported on during 2023. For more information on the EU Taxonomy please go to the Environment section in this report.
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