Cloudberry Annual report 2022 Sustainability report 66 Way forward Numerous steps to strengthen Cloudberry’s efforts have been taken in 2022. With the hiring of a Chief Compliance and Organization Officer, we have increased our ambitions for the year to come. The results from the employee engagement survey have been presented to all employees and will be discussed in local teams. The teams will decide on improvement measures, and the progress will be measured through smaller pulse surveys and a new annual employee engagement survey in 2023. The organization will develop a DEI policy, showcasing our commitment to fostering a culture where everyone can thrive and setting expectations towards all employees and partners. The employee handbook and guidelines for compensation and benefits will also be updated to enable coherency across the organization’s policies and guidelines. Cloudberry will further ensure knowledge and adherence to all company regulation and guidelines through the onboarding process of new employees. The company’s general meetings and management meetings will also set DEI on the agenda, contributing to raising awareness and sharing experiences. Local community impact For society to achieve a just transition to clean, low-emission energy and successfully mitigate climate change, renewable energy companies must have a net-positive impact on the communities in which they operate. It is thus important to understand and address landowners’ and residents’ concerns. As a local business partner, Cloudberry’s long-term growth strategy is based on creating value for all our stakeholders while developing essential renewable energy. Our approach At Cloudberry, we strive to have a positive impact on the communities in which we operate, despite both wind- and hydropower having a reputation for being unpopular and damaging the local environment. To us, responsible behavior towards local communities means communicating transparently as well as having local presence, providing regular information, and working with residents to find the best solutions for any issues that arise. The development team focuses on developing projects close to our offices, if possible, which allows for easy access to project facilities. Local presence makes it easier to cooperate with local stakeholders such as municipalities, politicians, landowners, and local industry. Investing in local stakeholders and establishing good relationships with the local communities is fundamental to Cloudberry’s business. We strive to ensure that local voices are heard and accommodated, from development through construction, and during operation. Our activities We establish balanced contracts with landowners and engage with local partners and suppliers when possible in our projects. The local municipalities profit on the local taxes we pay. For the broader society we provide renewable energy and contribute to reducing GHG emissions from fossil fuels, thereby contributing to meeting the SDGs and the Paris Agreement. Local community impact and value creation are important to Cloudberry. We work hard to identify local stakeholders’ needs and try to accommodate them. In December 2022 Cloudberry made the final investment decision to construct the Sundby wind power plant (Kafjärden) in Eskilstuna. For the first time in Sweden, existing infrastructure will be reused. This will result in a lower climate footprint and a shorter construction time than usual. The nine wind turbines will start supplying renewable energy from late 2023, with an annual production of 89 GWh, which is almost a doubling of current electricity production in the municipality. The war in Ukraine has horrified us all, and is a heavy toll on children and families. As part of our social engagement at Cloudberry, we have supported the important work of Save the Children locally in Ukraine to try and improve the fundamental needs and security for Ukrainian Children. We continue to applause and support the vital and brave work that Save the Children do in Ukraine.
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