ABOUT THIS REPORT

Using the Global Reporting Initiative (GRI) Standards as a basis, this report provides an overview of our progress in 2022 towards the implementation of our Sustainability Strategy and ESG Policies and Standards, including our performance against our ESG performance targets set out therein.

We intend to provide clear, balanced and concise information and accurate, reliable and comparable data to satisfy the information needs of each of our stakeholders in a timely manner. As such, this report complies with the principles for defining report content and quality set out in the GRI 1: Foundation 2021 as summarised on the right.

Changes In 2022

In 2022, following the establishment of an in-house operations and maintenance team, our reporting boundary for GHG emissions was expanded to include all of Sonnedix’s operational plants within scope 1 and 2, regardless of their operation by Sonnedix personnel or third-party contractors. In 2021, our operational control approach was limited to those plants which were directly operated by Sonnedix. As such, our 2021 baseline has been recalculated in 2022 and updated in this report. As a result of this change, our scope 1 and 2 emissions increased by over 90%.

Similarly, as we consistently seek to improve the completeness of our scope 3 emissions data, we introduced several new scope 3 categories in 2022 related to transportation and distribution, fuel and energy related activities and purchased goods. Despite this, emissions related to PV module procurement remained our most material scope 3 emissions source. In case of further significant structural changes, such as acquisitions and divestments or changes in the value chain or definition of what constitutes the reporting of the value chain, these changes will be disclosed in subsequent reporting and their effect on the year-to-year comparability of the reported GHG emissions explained, as well as any adjustments needed in the baseline-year calculation.

We also intend to provide a supplement to the annual Sustainability Reports going forward, which will contain further information on definitions, boundaries and scope for some of the key performance indicators with a focus on any key performance indicators included in green or sustainable financing.

CONTENT

Quality