41 Cloudberry Annual report 2022 Sustainability report ESRS Topic Inside-out Outside-in G1 – Business conduct Responsible value chain Positive: Cloudberry has the opportunity to use the Transparency Act as a force for good, to uncover supply chain risks and end illegal and unfair practices when it comes to human and workers’ rights. Negative: Cloudberry has a large network of suppliers and is, as is the case with all renewable energy companies, dependent on industries which are known for human rights’ and workers’ rights abuses, as well as damaging the environment. At Cloudberry we do our best to minimize this risk by choosing suppliers in Europe where possible, and expecting our suppliers and partners to uphold the standards in our Supplier Code of Conduct. Opportunities: Establishing a reputation as a transparent and responsible employer and partner will make Cloudberry a desirable partner in the future. Risks: Regulations and potential fines in the case of human or workers’ rights abuses as well as costs related to environmental damage in the supply chain constitute financial risks for Cloudberry. We do our best to mitigate this risk, but as with other companies in the industry, it is still a risk. G1 – Business conduct Responsible business conduct Positive: Cloudberry emphasizes responsible business conduct throughout our operations, including in our Code of Conduct. We follow up our suppliers closely and have long relationships with them which builds trust and allows us to have more influence in their practices. Negative: Cloudberry has a large network of business partners which makes it difficult to ensure that they are all acting responsibly. We do our best to choose transparent, responsible business partners when possible. Opportunities: Establishing a reputation as a transparent and responsible business partner will make Cloudberry a desirable partner in the future. Risks: If Cloudberry, or someone connected to the company fails to act responsibly or follow our Code of Conduct, there is a reputational risk, which could lead to loss of business and loss of investor confidence.
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