FSN Portfolio Company since 2021

obton.com OBTON'S ESG STRATEGY 2023

FOCUS AREA KPIS LONG TERM TARGET PERFORMANCE 2022 ANNUAL TARGET 2023
Obton is a specialised alternative investment provider developing,
1. Climate • 1a. Reduce GHG • 1a. Become Net-Zero • 1a. Got familiar with CEMAsys and • 1a. Report on GHG emissions to
structuring, and managing solar photovoltaic (PV) projects and recently change emissions • 1b. Produce solar energy started reporting on scope 1, 2 and calculate a baseline year and
also engaged in battery storage projects. Headquartered in Denmark, mitigation • 1b. CO2 avoided to cover the energy use of 3 prepare to set an SBTi target
• 1c. Climate a city of the size of L.A. • 1b. The production of solar energy • 1b. Increase total CO2e avoided by
Obton has offices around the world. Obton is one of the largest operators
Risk (TCFD) • 1c. Implement climate from Obton administrated solar parks Obton administered solar PV
of commercial solar PV systems in Europe and we expect to become a risk mitigation in 2022 was 1,238 GWh. This is an plants with +10 %
significant operator of battery storage as well. Obton has more than 1,400 measures in the increase from 2021 production of 28%. • 1c. Further investigate climate
solar PV plants with a total capacity of 1,728 MWp. construction and day- • 1c. Adopted Policy for integration mitigation strategies, including
to-day operation of of ESG risks to consider physical evaluation of adverse
Obton’s projects are predominantly located in Europe and increas- Obton solar projects and transactional risks in the sustainability impacts in the
ingly also outside Europe in countries like Japan and Canada. The investment process investment and how to minimise
majority of solar panels and other key components are sourced from the the adverse impacts

leading suppliers in China. Batteries are likewise sourced from Asia. The 2. • 2a. Circularity • 2a. Increase recycling and • 2a. Increased the share of • 2a. Establish a baseline for
investors in the Obton-administered funds are Danish High-Net-Worth Environment • 2b. Biodiversity use of recycled material in repairable inverters repaired or replaced solar modules,
and natural PV plants • 2b. Fostered biodiversity by not inverters, caples and mounting
Individuals and the produced energy is sold, among others, through • 2b. Transparently disclose using pesticides to keep the parks, structures and targeting 90%
resource
power purchase agreements. preservation and systematically letting vegetation grow, using coverage
address biodiversity minimum maintenance, and planting • 2b. Perform an Environmental
impacts bushes and flowers Impact Assessment for every new
Obton's potential ESG impacts based on its sector, jurisdictions, and operations greenfield development project in
Topics of higher importance in bold Denmark

3. • 3a. eNPS • 3a. Maintain employee • 3a. Populum was implemented as a • 3a. Perform a workplace
Attractive • 3b. Diversity, satisfaction with an eNPS tool to measure employee assessment at HQ due to new
and dynamic Equity & at 50 satisfaction. The eNPS was 50 facilities and maintain an eNPS
workplace inclusion • 3b. A diverse workforce • 3b. Signed the Gender Diversity score at 50
RAW OWN MANAGEMENT CUSTOMERS • 3c. Health and in an inclusive work Pledge to work towards an overall • 3b. Work towards a gender
MATERIALS & safety environment where gender distribution of 40/60 distribution of 40/60 in the
OPERATIONS & MARKETING & END!USERS
everyone is treated fairly female/male in management and whole organisation
SUPPLIERS
and feel they belong BoD. • 3c. Offer all Obton employees to
· Biodiversity impacts from · Office waste · Environmental impact of disposal • 3c. Best in class Currently gender distribution: participate in a first aid course
· GHG emissions from changes in land use due to · Energy use in own offices and reuse of solar systems and HSE performance - In the whole organisation: 62.8% men,
the production of solar and battery storage · GHG emissions from battery modules at end of life 37.2% female
components development employee travel · Biodiversity and green initiatives - Top management: 75% men, 25%
· Local environmental impacts (e.g., · GHG emissions during the · Product design and life cycle during operation, and restoration female
biodiversity, pollution) from pro- construction and operation of management after project decommissioning - BoD: 16.7% female, 83.3% male
duction of raw materials solar and battery storage plants · Employee engagement, education, · Positive environmental impact • 3c. Appointed HSE managers/advisors
· GHG emissions from transport · Water use for cleaning/ for both solar plants and offices
and development from the production of renewable
of solar panels and battery maintenance of solar · Diversity and inclusion energy and energy storage 4. • 4a. Ethical supply • 4a. Transparently disclose • 4a. Adopted Policy for ESG Due • 4a. Have 70% of direct solar
modules (alternative just panels · Anti-corruption and bribery · Access to affordable sustainable Ethical and chain and manage supply chain Diligence and CoC for Partner and module, inverter and battery
‘components’) · Choice of location - other · Anti-competitive behaviour energy transparent • 4b. ESG risks Suppliers to increase transparency suppliers
· Water use from manufacturing utilisation value of solar and · Data security and privacy · Solar plant potential for recreational business awareness • 4b. Maintain outstanding in the value chain sign Obton’s CoC for Partner
solar cells battery storage plant (e.g., areas training business ethics among • 4b. Formalisation of guidance to and Suppliers or equivalent
· Systemic risk management conduct
· Human rights risks related to • 4c. Active all employees and mgmt.: marketing to prevent using words or standards
agricultural land, rich · Opportunity to co-own solar farms
industry collabo- continuously work towards sentences that could be misinterpreted • 4b. Perform two training activities
conflict minerals used in solar PV biodiversity, or habituated land) for local residents
ration to an open and transparent and deemed as greenwashing within Environment to increase ESG
components and battery modules · Health and safety risks · System reliability (lagging, down- promote ESG culture • 4c. Became member of awareness
· Human and labour rights in the during construction, time) • 4d. Annual ESG • 4c. Active member of SolarPower Europe, Green Power • 4c. Actively engage in Green Power
supply chain operation, and report industry ESG collaboration Denmark and Svensk Solenergi Denmark, SolarPower Europe and
· Workers’ health and safety in raw maintenance • 4e. Annual review • 4d. Publish annual ESG • 4d. Published second ESG report Svensk Solenergi that Obton is a
material extraction and production · Local job creation of compliance reporting • 4e. Completed first external review of member of
· Anti-corruption and bribery in the · Professional integrity and processes • 4e. Continue with external, compliance processes • 4d. Publish ESG reporting and
supply chain honest advice annual compliance review data for 2022 in the annual
report
• 4e. Complete second external
External factors impacting Obton based on its sector, jurisdictions, and operations compliance review of processes and
implement proposed actions
+ Solar PV and energy storage are recognised as a critical technology 5. • 5a. ESG processes • 5a. Continuously improve • 5a. Adopted policy for ESG DD and • 5a. Strengthen ESG procedures in
to meet global climate targets and energy security in Europe - Scrutiny on the environmental impact of raw material sourcing and end-
+ Demand for solar panels produced in socially and environmentally of-life management of solar panels and battery modules
sustainable ways - Immature market for reuse solutions
- Human and labour rights concerns associated with the supply chain in
higher-risk locations (e.g., China)
Obton has selected the following SDGs to which it has an opportunity to contribute:
Facilitate universal access to
End forced labour, modern Reduce waste generation through
modern energy (7.1) and
slavery, and child labour (8.7) prevention, reduction, recycling,
Initial EU taxonomy assessment increase the global percentage of
and be a workplace with equal and reuse (12.5)
renewable energy (7.2)
Key activities pay for equal work (8.5)
Potential contribution to environmental objective
D35.11 - Production of electricity
· Climate change mitigation Reduce GHG emissions (13.1)
F42.22 - Construction of utility projects for electricity and telecommunications Reduce the degradation of
and improve education, aware-
natural habitats and loss of
ness-raising, and climate change
biodiversity (15.5)
mitigation and adaptation (13.3)
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