Cloudberry Annual report 2022 Sustainability report 52 Target Cloudberry monitors national and international climate politics and their potential impact on our strategy and business. We strive to ensure that the company makes the right decisions and assessments on how climate risks might affect us. We have strengthened our risk strategy by including the topics identified in the materiality assessment where climate change and energy transition is one of the core topics. Cloudberry has a scalable platform and is positioned for valuable growth, both in terms of energy production and in-house development backlog and pipeline. Cloudberry’s strategy is to continue its sustainable growth organically and strategically in the Nordic market. Areas of our business will have residual GHG emissions, which we will neutralize while minimizing our footprint as much as possible. To do our part for society to become a low-carbon economy, Cloudberry is planning to commit to SBTi. We will create a roadmap to reach net-zero from our emissions no later than 2040, with the aim of using this process to identify pathways to reach net-zero even earlier. Starting from 2023 Cloudberry will report our GHG emissions on a quarterly basis. The Taxonomy Cloudberry has conducted thorough assessments of our producing assets’ alignment to the criteria of the EU Taxonomy, and the internal analysis found that all wind and hydropower plants are taxonomy aligned. In 2022 Cloudberry engaged a third-party, Det Norske Veritas (DNV), to perform a detailed assessment to evaluate our alignment to the criteria of the EU Taxonomy. DNV stated all of Cloudberry’s hydropower plants to be aligned to the criteria of Transitioning to a low-carbon society Net-Zero by 2040 Cloudberry will create a roadmap to reach net-zero from our emissions no later than 2040, with the aim of using this process to identify pathways to reach net-zero even earlier.
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