Cloudberry Annual report 2022 Sustainability report 40 ESRS Topic Inside-out Outside-in S1 – own workforce, S2 – workers in the value chain Engagement, health and safety Positive: Cloudberry’s employees are mainly office workers, and safety is therefore not a large concern. We work actively to ensure good employee engagement and promote employee health. Negative: Cloudberry hires subcontractors for development, construction, and maintenance of projects, and it is difficult to ensure that the subcontractors follow Cloudberry’s standards. There is therefore a risk that our activities have an indirect negative impact on overall health and safety. Opportunities: Having high levels of employee engagement makes Cloudberry an attractive employer. Employee engagement also creates opportunities for employee feedback and input which can improve our operations. Risks: It is impossible to completely eliminate health and safety risk, especially in construction, and Cloudberry has, therefore, some financial risk due to the risk of accidents on the job. We emphasize safety and strive to minimize this risk as much as possible. S1 – Own workforce Diversity and equal opportunities Positive: Cloudberry is an equal opportunity employer and encourages diversity, equity, and inclusion in the workplace. We have a systematic process and work actively to promote equity and prevent discrimination across the company. Negative: Despite Cloudberry’s status as an equal opportunity employer, our employees include a higher number of men. Additionally, manufacturing and construction are industries which are known to favor men. Opportunities: Being seen as an equal opportunity employer is closely connected with employee engagement and contributes to making Cloudberry an attractive employer. Cloudberry has the opportunity to be a diversity, equity, and inclusion leader in the construction sector, making the company an attractive partner for future projects and for investors. Risks: Cloudberry faces reputational risks if we fail to fulfil our diversity and equal opportunity ambitions, or lag behind in the renewable energy industry. S3 – Affected communities Local value creation Positive: Cloudberry strives to have a positive impact on local communities, and we use local suppliers and hire employees locally wherever possible. Cloudberry also engages with local stakeholders to determine the best way to create value in each community, which has lead to, for example, building local bike paths and walking trails. Negative: The construction and running of wind and hydro power plants do have some negative impact on local communities. The biggest complaints are generally noise, ruining the view, and impact on nature. We work hard to consult with the communities where we operate and minimize these negative impacts. Opportunities: Successfully creating local value and developing a reputation for doing so can lead to future opportunities for Cloudberry, with community focused investors and partners, as well as the local communities themselves, considering this in their decision making processes. Risks: If Cloudberry fails to create enough local community value and maintain its reputation as a professional developer there is the risk of delaying or even losing future projects.
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