Cloudberry Annual report 2022 Sustainability report 70 Governance Sustainability ambitions To ensure solid governance internally andin our value chain at all times Responsible and good governance forms the basis for good business, and it is our ambition at Cloudberry to always ensure solid governance internally and in our value chain. Correspondingly, our materiality assessment has identified 1) responsible business conduct and 2) responsible value chain as material topics. Acting responsibly throughout the whole organization and in our value chain is essential. Cloudberry sets high ethical behavior standards for everyone who acts on behalf of the company. We also aim to reduce business risk to safeguard the company’s reputation. We need to ensure that our operations do not violate any human or workers’ rights violations. Having a responsible value chain will benefit Cloudberry and limit our risk exposure to value chain disruption and our exposure to reputational risks. Cloudberry also focuses on responsible business conduct, which sets the basis for good business relationships and predictability. This makes Cloudberry a desirable business partner, securing future opportunities for the company. Responsible business conduct Conducting our business in a responsible way ensures our continued development and operation of renewable energy plants in the future. Well designed and implemented procedures and expectations for responsible business conduct also ensures fair decision-making processes as well as responsible consideration of important environmental and social impacts and financial risks. We can have a positive impact on overall business conduct by choosing to only work with suppliers and partners which live up to our standards. We minimize risk in this area by being as transparent as possible in all our activities. Our approach and activities Cloudberry`s commitment to sustainability starts at the top of the organization with the company`s Board of Directors and the management team. The company strengthened the management team and hired a Chief Compliance and Organization Officer (CCO). At the management level, the CEO and the CCO monitors the implementation of the sustainability strategy. They are responsible for ensuring that environmental, social and governance risks and climate-related risks and opportunities are integrated into the company’s long-term business strategy. The CEO oversees and reports to the Board of Directors on the management’s progress related to Cloudberry’s key strategic sustainability and climate-related topics. At the operational level, the Chief Sustainability Officer (CSO) is responsible for managing sustainability. The CCO and CSO meet once a week to discuss and ensure that the ESG strategy is implemented in daily operations in all business units. Furthermore, the CCO and CSO work together to prepare ESG topics for both the management and the Board of Directors, and they ensure progress on ESG initiatives and reporting. Key Performance Measures Actual 2020 Actual 2021 Actual 2022 Target 2023 Target 2025 Governance Prescreening of suppliers N/A N/A 10% 50% 100% Whistle-blowing incidents N/A 0 0 N/A N/A Compliance training N/A 100% 36% 100% 100%
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