Cloudberry Clean Energy Annual report 2022

59 Cloudberry Annual report 2022 Sustainability report Way forward A goal at Cloudberry is to have a net positive impact on both society and nature. This necessitates protecting nature during the construction phase, and limiting our land use in order to do the least possible damage. We must preserve the natural areas near and around our power plants and contribute to biodiversity. We are still in an early phase, but nevertheless, having a net positive impact on nature is of high priority to us. Cloudberry will collaborate with partners, have policies for biodiversity and nature impact, and continue the development of more sustainability KPIs and targets related to nature impact on our sites. To successfully implement the mitigation hierarchy, we will look to collaboration opportunities with technical specialists, such as ecology experts. In each project we evaluate how we can minimize our impact on nature and biodiversity, and we have a concern for the unique circumstances at the site of the projects. E.g., at the Sundby wind farm project in Sweden, which will be constructed during 2023, we will use steel plates and wooden mats on the fields for temporary storage of turbine blades. This will reduce Cloudberry’s impact on nature. Circular use of resources and materials In recent years there has been increasing focus on the overuse of resources, their future availability, and the impact of heavy resource use on nature. The loss of biodiversity is also directly linked to the use of natural resources. These concerns have led to increasing use of the circular economy concept, where the main goal is to keep as many materials as possible in the value-chain for as long as possible at as high a value as possible. As of today, the renewable energy industry is not very circular, and Cloudberry faces the same obstacles to circular resource use as other renewable energy companies. Our approach and activities Cloudberry’s complete material footprint is made up of the materials used in our renewable energy production, the materials used in our offices, and the materials used in the production of all these products. The extraction of raw materials and subsequent production of the essential components for building wind farms and hydropower plants have large, negative impacts on nature and produce significant amounts of greenhouse gases. At the same time, some components, such as wind turbine blades, are difficult to dispose of at end-of-life. Increasing circular resource use in this area could have an enormous impact, and significantly reduce Cloudberry’s impact on nature and Scope 3 GHG emissions. Additionally, circular resource use could reduce our exposure to supply chain disruption risks and human and workers’ rights violation risks. Unfortunately, our ability to act in this area is somewhat limited by technological maturity, scientific advancements, and practical limitations such as land leasing agreements. Nevertheless, we strive to improve our circular resource use going forward and adhere to branch standards. We are currently in the process of developing suitable KPIs to track our progress. An important part of limiting our material use is ensuring that our assets last as long as possible. Through repair and reuse, we can give our assets longer lifecycles and reduce our need for new materials. We further limit our material use by selecting products which have a long lifecycle and can be repaired. Åmotsfoss At Åmotsfoss Kraft hydropower plant, Cloudberry has established a fund as an initiative to safeguard and protect biodiversity surrounding the river, particularly the habitat in the river. Cloudberry interacts with local communities, striving to establish reconciled solutions contributing to a sustainable environment for the local inhabitants and society.

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