Climate Change Data

Environmental Metrics

ESG Focus Areas

• Health and safety of employees and communities
• Environmental performance
• Human rights
• Stakeholder engagement
• Community development
• Corporate governance and ethics

Environmental Achievements

• Not disclosed

Social Achievements

• Committed $5.5 million to 22 initiatives in 2017, leveraging an additional $5.5 million in financing from other partners; launched programs in education and skills training, local procurement, economic diversification, and social/environmental innovation.
• Supported 320 new programs, 1000 local suppliers, and trained over 1000 individuals.
• Launched 61 social enterprises and trained 537 refugees.

Governance Achievements

• Maintains the highest standards of corporate governance and ethics; operates transparently and in accordance with international best practices.

Climate Goals & Targets

Environmental Challenges

• Not disclosed

Mitigation Strategies

• Not disclosed

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Local procurement programs (e.g., NEXO in Ecuador, Candelaria Supplier Development Program in Chile)

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Goal 1: No Poverty
• Goal 2: Zero Hunger
• Goal 5: Gender Equality
• Goal 7: Affordable and Clean Energy
• Goal 8: Decent Work and Economic Growth
• Goal 9: Industry, Innovation and Infrastructure
• Goal 10: Reduced Inequalities
• Goal 13: Climate Action

The Lundin Foundation focuses primarily on goals related to social inclusion, environmental sustainability and economic development.

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Successful landscape integration of solar farms with surroundings
• Honoring wildlife – plan construction around the “garuma gull” bird nesting cycle
• Respecting local history - use geophysical survey techniques for the early detection of archaeological sites prior to the construction of solar plants

Social Achievements

• We organize tours and educational activities on environmental matters for schools
• Sponsor local sport events for the communities
• Provided financial assistance to rebuild a school destroyed by a natural disaster in north of Chile

Governance Achievements

• Not disclosed

Climate Goals & Targets

Environmental Challenges

• COVID-19 impact on the business
• Dispute with Ziva regarding the terms of the DSA for the Mie project

Mitigation Strategies

• All IT systems in place enable the company to run the business remotely. Cloud-based accounting, finance, email, file storage, and video conference services enable the company to experience minimum disruption and operate business-as-usual
• All employees have been advised to work from home as much as possible
• All travel is limited to essential travel only
• Operational assets do not require onsite operators except when a repair is required. O&M contractors are operating without disruption
• Reached an agreement with Ziva: Etrion will structure a contractual arrangement with the Mie project operating company; Ziva will acquire Etrion’s contractual structure and associated economic obligations and benefits for JPY 3.4 billion (US$32.1 million), and will pay a development fee of JPY 300 million (US$2.8 million) to Etrion; Etrion will shortly be reimbursed JPY 695 million (US$ 6.5 million) of funds advanced to Ziva

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Historically high snowfall conditions experienced in Japan in Q1-21, partially damaging two of the four solar sites (sites 3 & 4) from Misawa.
• Risk of warranty claims and uncertainties with respect to the outcome of its litigation with a former employee.

Mitigation Strategies

• Sites were fully restored at the end of May 2021.
• Company plans to reserve approximately CAD$20 million to cover for any liabilities that may result from potential warranty claims, other corporate level liabilities and anticipated expenses to cover continuing operations and windup costs.
• The Company intends to vigorously defend itself against the litigation.

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: IFRS

Third-party Assurance: PricewaterhouseCoopers SA