Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environment
• Social
• Governance

Environmental Achievements

• Generated 70.0 GWh of clean electricity, avoiding 29,799 tonnes of CO2 emissions.
• Implemented measures to minimize biodiversity impact during land clearing for power plants.
• Developed a unique nanoremediation solution for PFAS groundwater contamination.

Social Achievements

• Maintained a diverse workforce of 21 nationalities and 33% female employees.
• No serious workplace accidents in 2020.
• Implemented business continuity plans and health and safety policies during the COVID-19 pandemic.

Governance Achievements

• Established an independent supervisory board and audit committee.
• Implemented anti-corruption and insider trading policies.
• Adopted the Dutch Corporate Governance Code and Warsaw Stock Exchange Best Practices.

Climate Goals & Targets

Environmental Challenges

• Land clearing for power plants impacting biodiversity.
• Potential for supply chain disruptions.
• Maintaining high ESG standards across diverse international operations.

Mitigation Strategies

• Implementing measures to minimize and reverse biodiversity impact.
• Strengthening due diligence process for supplier selection.
• Implementing ISO certifications and internal policies for integrated management system.

Supply Chain Management

Supplier Audits: Due diligence conducted on top 10 suppliers in 2020; to be renewed and extended in 2021.

Responsible Procurement

• Code of Ethics
• Procurement Policy
• Due diligence process for supplier selection

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Dutch Corporate Governance Code, Warsaw Stock Exchange Best Practices

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Nanoremediation solution for PFAS contamination

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Biodiversity
• Sustainable Water Management
• Health and Safety
• Responsible Procurement
• Anti-corruption
• Employee Well-being
• Community Engagement

Environmental Achievements

• Generated 103.3 GWh of clean energy (47.6% YoY increase)
• Avoided 43,867 tonnes of CO2e emissions (47.8% YoY increase)
• 100% of revenues generated from sustainable value activities
• Audit of waste management practices at offices
• Pilot biodiversity projects in Australia and Czech Republic

Social Achievements

• Increased percentage of female employees to 37%
• Provided training to 44% of employees
• Zero lost-time injuries
• Conducted internal ESG survey to gather employee input

Governance Achievements

• Established an independent supervisory board and audit committee
• Implemented anti-corruption policy and whistleblowing system
• Revised procurement practices and strengthened due diligence process
• 0% revenue contributing to political parties
• 0% claims against the company ruled by a court

Climate Goals & Targets

Environmental Challenges

• Tracking and reducing carbon emissions from company activities
• Improving energy consumption efficiency
• Setting clear goals and providing feedback to employees

Mitigation Strategies

• Initiated implementation of an integrated approach to calculate carbon footprint, starting with Scope 1 and 2 emissions.
• Developed an ESG tracker tool to gather data on waste management, travel, etc. for Scope 3 emissions calculation.
• Plan to improve monitoring practices and examine company car fleets more closely.
• Plan to improve performance in energy consumption and goal setting/feedback.

Supply Chain Management

Supplier Audits: Due diligence on 20 suppliers (54% of total net purchasing volume); Third-party Code of Conduct acknowledged by suppliers representing 95% of technology purchases.

Responsible Procurement

• Code of Ethics
• Procurement Policy
• Due diligence process
• Third-party Code of Conduct

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: Green Bond Principles 2021, Dutch Corporate Governance Code, Warsaw Stock Exchange Best Practices

Certifications: ISO 9001, ISO 14001, ISO 45001

Third-party Assurance: imug | rating

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 13 (Climate action)

Green bond proceeds used to finance renewable energy projects.

Sustainable Products & Innovation

• Nanoremediation solution for PFAS contamination

Awards & Recognition

• Best Issuer Green SME Bonds 2021 (Bond Magazine)

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Environmental Sustainability
• Social Responsibility
• Corporate Governance

Environmental Achievements

• Generated 121.6 GWh of clean electricity in 2022, avoiding 49,013 tonnes of CO2e emissions compared to conventional electricity production.
• All Australian operations ISO 9001, 14001, and 45001 certified with zero non-conformances.
• Czech Republic, Slovakia, and Hungary operations ISO 9001 and 14001 certified; Poland operations ISO 9001 certified.

Social Achievements

• No workplace accidents reported in 2022.
• Implemented anti-corruption training program in March 2022.
• Launched a new CSR Day program, allowing employees to donate one working day to a charity.

Governance Achievements

• Established an independent supervisory board and audit committee in 2020.
• Adopted the Dutch Corporate Governance Code and Warsaw Stock Exchange Best Practices.
• Implemented an anti-corruption and anti-bribery policy, a whistleblowing system, and a misconduct reporting policy.

Climate Goals & Targets

Environmental Challenges

• Increased Scope 1 and 2 emissions due to business growth and expanded number of offices.
• Supply chain disruptions due to geopolitical factors and rising energy prices.
• Potential risks from natural disasters and extreme weather events.

Mitigation Strategies

• Improved monitoring practices for company car fleets, including adoption of electric vehicles.
• Substitution of heavy trucks with trains for freight transport in Europe.
• Geographic diversification of projects to reduce reliance on seasonal weather patterns.

Supply Chain Management

Supplier Audits: 100% of technology suppliers subject to due diligence (2022)

Responsible Procurement

• Code of Ethics
• Procurement Policy
• Third-Party Conduct Principles

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather events
• Flooding
• Droughts

Transition Risks

• Regulatory changes
• Market shifts
• Ability to meet Paris-aligned targets

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, ISO 45001 (Australia), ISO 9001, ISO 14001 (Czech Republic, Slovakia, Hungary), ISO 9001 (Poland)

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 13 (Climate action)

Green bond proceeds used to finance renewable energy projects.

Sustainable Products & Innovation

• Renewable energy solutions (solar PV, hybrid solutions, energy storage)

Awards & Recognition

• IMUG | rating – second party opinion for Green Bond
• KFM Barometer 4 of 5 stars
• Best Issuer Green SME Bonds 2021

Environmental Metrics

ESG Focus Areas

• Climate Change Mitigation
• Environmental Impact Minimization
• Biodiversity
• Water Conservation and Management
• Employee Well-being
• Community Engagement
• Corporate Governance
• Responsible Procurement
• Human Rights

Environmental Achievements

• Generated 139.8 GWh of clean electricity in 2023, avoiding 58,286 tonnes of CO2e emissions compared to conventional electricity production.
• Relocated to a new BREEAM 5-star rated office in Romania with solar panels for hot water.
• Implemented an Extended Producer Responsibility (EPR) system for on-site construction waste management, reusing or recycling 47.9 tonnes of waste in Romania.
• Reduced PFAS concentration by up to 80-100% in an Australian pilot trial.

Social Achievements

• Launched CSR Days program, allowing employees to donate one working day to charity.
• Conducted a global employee engagement and ESG survey with over 50% participation.
• Implemented a new global online Performance and Development platform.
• Maintained zero serious workplace accidents.

Governance Achievements

• Adhered to the Dutch Corporate Governance Code 2022 and Warsaw Stock Exchange Best Practices 2021.
• Updated Anti-Bribery and Corruption Policy and implemented a whistleblowing system.
• Revised Third-Party Conduct Principles to strengthen human rights due diligence.

Climate Goals & Targets

Environmental Challenges

• Turbulent macroeconomic and geopolitical situation, high inflation and interest rates.
• Falling energy prices and fierce competition in PV component trading.
• Lower electricity prices and deterioration of volumes and margins in PV component trading business.
• Higher financial costs resulting from increased levels of bank financing.

Mitigation Strategies

• Decision to return to feed-in tariffs in the Czech Republic and Hungary to stabilize revenues from electricity generation.
• Expansion of DSR services to triple year-on-year, making the New Energy division profitable.
• Increased EPC revenues from C&I clients due to a backlog of contracts.
• Growth of revenues from the O&M segment driven by recent capacity expansion.
• Monetization of project development efforts and finalization of the sale of PV projects in Romania and Poland.
• Commercialization of PFAS remediation projects in Australia and Europe.

Supply Chain Management

Supplier Audits: 100% of technology suppliers subject to due diligence

Responsible Procurement

• Code of Ethics
• Procurement Policy
• Third-Party Conduct Principles

Climate-Related Risks & Opportunities

Physical Risks

• Flooding
• Droughts
• Extreme weather events

Transition Risks

• Regulatory changes
• Rising carbon prices
• Market shifts
• Ability to meet Paris-aligned targets

Opportunities

• Development of energy-efficient products and services

Reporting Standards

Frameworks Used: GRI Standards

Certifications: ISO 9001, ISO 14001, ISO 45001 (Australian operations), ISO 9001, ISO 14001 (Czech Republic, Slovakia, Hungary, Poland O&M)

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• SDG 7 (Affordable and clean energy)
• SDG 13 (Climate action)

Investments in renewable energy sources and related activities contribute to these goals.

Sustainable Products & Innovation

• Electrochemically enhanced nanoremediation technology for PFAS contamination.

Awards & Recognition

• 'Very good' rating (77/100) from imug rating; KFM Barometer 4 of 5 stars; Best Issuer Green SME Bonds 2021