Lundin Energy AB (publ)

Climate Impact & Sustainability Data (2021)

Renewable Energy Share:100%

All the Company’s assets qualify as environmentally sustainable under the EU Green Taxonomy’s Technical Screening Criteria, by contributing substantially to climate change mitigation. As such, virtually 100 percent of the Company’s revenue, capital expenditure and operating expenditure as a business will be taxonomy-aligned.

Developing projects for nature conservation and local stakeholder engagement in the areas around the wind farms. Developing a grazing project to support the local farming community at its Karskruv wind farm.

The Company applies Nasdaq Stockholm’s Rule Book for Issuers and the Swedish Corporate Governance Code (the “Code”). The Company did not report any deviations from the Code during 2021.

Fluctuations in energy prices
Disruptions in the electricity production
Increased operating costs
Securing land, necessary permits and other factors related to establishment of wind, hydropower and other renewable energy project plants
Environmental related risks
Tax related risks

The aim is to maintain a solid balance-sheet to allow the Company to sell power on a merchant basis with a minimal amount of power price hedging, allowing shareholders to benefit from higher power pricing.
The Company’s wind and hydropower plants require delivery and assembly of numerous technical components from various suppliers. The Company is thus dependent on its suppliers’ abilities to fulfil the agreements, e.g. in respect of the agreed standards of quality and delivery time.
The Company seeks to comply with all applicable tax laws and regulations, and the Company’s tax policy enjoins all employees to follow both the spirit and letter of all applicable laws and regulations.

Frameworks Used: UN Global Compact

Lundin Energy’s mission is to help drive the energy transition by producing renewable energy, at low cost and in a safe and responsible manner.