53 Cloudberry Annual report 2022 Sustainability report the EU Taxonomy, and a verification statement has been issued for each of the hydropower plants. The third-party verification for the wind power plants is ongoing and will be reported on during 2023. Eligibility In accordance with the EU Taxonomy requirements for the reporting year 2022, qualitative information and information on the proportion of taxonomy eligible activities in relation to total activities set out in the Delegated Act must be disclosed. In 2022 Cloudberry assessed its eligible activities covered by the EU Taxonomy and technical screening criteria and its proportion of Taxonomy-eligible and Taxonomy non-eligible economic activities in its total turnover, capital expenditure, and operational expenditure. Inventory of the eligible activities covered by the Taxonomy in Cloudberry`s business units: 1. Electricity generation from wind power. NACE code D35.1.1 (Production of electricity) and F42.2.2 (Construction of utility projects for electricity) 2. Electricity generation from hydro power. NACE code D35.1.1 (Production of electricity) and F42.2.2 (Construction of utility projects for electricity) Basis and principles Cloudberry reports on the company’s proportion of Taxonomy-eligible activities: electricity generation from wind power and electricity generation from hydro power on consolidated units (IFRS). Units that are power producing at year-end are classified as “producing”, while units that are under construction, ready for construction or in the concession process, (project inventory in the consolidated balance sheet) are classified as “construction”. The eligible sales revenues from Note 11 in the 2022 annual report are divided into each of the two Taxonomy eligible activities above. Asset management services related to assets eligible-classified activities are assessed as closely related to that eligible activity and reported as part of it. Corporate activities (OpEx) were in 2021 allocated proportionately to the respective eligible activities, while in 2022 related KPI’s are reported as non-eligible. Eligible turnovers include sales revenue from the sale of products generated from wind or hydro electricity production or closely related to this activity. Closely related may include products originating from the sale of El-certificates or guarantees of origin (GoO) or asset management services related to the eligible activity. The denominator in the turnover KPI is “Sales revenue” (Note 11 in the Consolidated Group financial statements in the 2022 annual report). Eligible capital expenditures are investments in property, plant, and equipment (PPE), intangible assets or lease agreements which have activities that are EU Taxonomy eligible. The denominator for capital expenditures is the CAPEX KPI and includes total additions to intangibles and Tangibles assets (PPE), including capitalized CAPEX and OpEx per activity and the proportionate share Economic Activities NACE Codes Turnover (mNOK) Revenue proportion CAPEX (mNOK) CAPEX Porportion OPEX (mNOK) OPEX Porpotion A: Taxonomy eligible activities Electricity generation from wind power - Production of electricity D35.1.1 42.0 20% - 0% 3.5 4% Electricity generation from wind power - Construction of utility projects for electricity F42.2.2 1.9 1% 271.2 84% - 0% Electricity generation from hydropower - Production of electricity D35.1.1 138.4 66% - 0% 23.1 29% Electricity generation from hydropower - Construction of utility projects for electricity F42.2.2 0.7 0% 14.0 4% - 0% Total A: Taxonomy eligible activities 183.1 88% 285.2 88% 26.6 33% B: Taxonomy non-eligible activities 25.3 12% 39.2 12% 54.0 67% Total A and B 208.4 100% 324.4 100% 80.6 100%
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