For BWSC, socially responsible behavior includes complying with regional and international laws and regulations, observing human and labour rights, protecting the health and safety of our employees and business partners, promoting a diverse and inclusive workforce and ensuring employee engagement. We also take an active role in community engagement in the areas surrounding our operation sites. Our achievements and goals within each area are updated every year in our annual report.

Human and labour rights

We act with a clear commitment to respect and protect human rights as a fundamental and general requirement both internally and towards all business associates. This includes initiatives as reported in the UK Modern Slavery Act. We commit to equal opportunity and non-discrimination as well as observance of a work environment free from harassment and bullying. We expect all business associates to commit to these values when choosing to work with BWSC.

BWSC actively follows the policy developments regarding corporate sustainability and due diligence at the EU level, and we will take adequate action to ensure compliance and best practise in our implementation. We continue to support collective action efforts and initiatives to promote a level playing field and ensure that all actors in the value chain act responsibly and are held accountable.

Health and safety

We work with commitment to protect the health and safety of our workforce. By prioritising our employees’ well-being, we can ensure the safety of our teams whilst improving our efficiency and performance. Power plants where operation and maintenance occur demand vigilance and adherence to safety procedures to prevent severe or fatal injuries. Our site managers guarantee compliance regarding quality, health, safety and environment (QHSE) regulations. We operate in diverse regions, such as Northern Europe, West Africa, and the Caribbean and we are proud of our lost time injury frequency (LTIF) of 1.9 (2022) – among the lowest in the industry.

Diversity and inclusion

We recognize the value of a diverse workforce, and we take action to increase and safeguard diversity and enhance inclusion by measuring on diversity KPIs (gender, age, nationality, experience), by focusing on diversity in recruitment and by focusing on staff engagement and acting on what we learn from staff surveys.

Employee engagement

To maintain and develop the skills of our employees and to stay at the forefront of market and technological developments, BWSC places great emphasis on employee education. We also endeavour to ensure the well- being of our employees and their families and provide employees with opportunities to socialise in different contexts. We work to secure a balance between work and family, and we respect local traditions and needs.

Community engagement and social impact

We are actively involved in local communities – from providing small funds for educational, health and environmental projects to enhancing local water supply and providing education to local students.

In 2022 we have initiated several activities at the Rabai power plant (RPL) in Kenya. Amongst other activities we have dedicated a water supply pipe to the nearby community to help improve water supply to neighbors. We have also donated water tanks to be placed along the supply line to help boost water supply to other areas not directly neighboring the plant. In total RPL has sponsored secondary education for 71 students since 2012 with at least six students each year.

For BWSC, environmentally responsible behavior includes complying with regional and international environmental laws and regulations, minimizing our own impact on the climate, acting on environmental opportunities, and protecting our natural resources.

Minimizing our impact on the climate

We recognize the urgency of the climate change agenda and champion the role we have to play in de-carbonizing the economy for a greener, more sustainable future. Our focus is on minimizing the carbon emissions within our own operations, while evolving our methodologies for minimizing emissions within the value chain of the services that we provide.

We currently monitor and report our energy use and carbon emissions linked to our use of office buildings, subsidiaries, construction sites and business-related air travel. In 2022 we commenced a journey of evolving our climate accounting principles and have accelerated our focus on impacts of our operations and throughout our value chain. Identifying stakeholder interests and perspectives and screening our value chain in accordance with Green House Gas protocol criteria, we have set a frame for our climate reporting ambitions going forward. Improvements, targets and reporting will be updated each year in our annual report.

Acting on environmental opportunities

In accordance with our business strategy “Ever better energy” we aim to minimize carbon emission by acting on environmental opportunities in the market and providing carbon reducing solutions and services for power plants and green energy facilities worldwide.

We have been part of the renewable energy transition for many years through building, operating and servicing biomass, biogas and waste to energy plants. In 2022 we expanded our portfolio with two green hydrogen projects, harvesting on our experience of working with new and many different technologies and technology providers. In 2023 we are commited to further enhancing our renewable business revenue target with more biomass, waste to energy and Green Hydrogen projects – as our strategic response to the ongoing transformation of the energy market.

Protecting our natural resources

Water

Water as a resource is key within our operations. We take an active role in minimizing water use at the sites that we operate. Water is used and consumed in power plants for auxiliary processes, such as cooling, fuel treatment, steam production and emission control technologies, as well as for washing and sanitary purposes. In plants utilizing a steam turbine cycle, it is also used as a process medium. In 2022 BWSC operated 14 power plants and while the plants are built to optimize water use, we also take an active role in helping owners minimize use of water through continuous focus on and recommendations on water-saving technologies throughout all operations.

We always ensure that the quality of our waste water returned to utilities at the sites that we operate adhere to all environmental standards, through continuous and diligent controls.

Waste

BWSC makes continuous efforts to reduce waste volumes, by optimizing operation processes to improve resource management. All material fractions are evaluated for possible internal or external use, and alternatively, where recycling is not possible, authorized disposal is made. In all cases, the material is transported and processed by authorized contractors to ensure it is handled in an efficient, safe and compliant manner.

For BWSC, sustainability means pursuing environmental, social and governance objectives simultaneously and with equal energy.

Sustainability underpins our long-term success as a business, and we are continuously evolving to make it a core part of how we operate. We monitor our Environmental, Social and Governance (ESG) practices and performance and are committed to publicly reporting our progress across the three fundamental ESG areas. Our performance indicators and their status year to year are commented on in our Annual Reports.

In 2022 we commenced a journey to begin alignment with the European Corporate Sustainability Reporting Directive (CSRD) and the EU Taxonomy. Consequently, at BWSC we are working to evolve our business model and strategy, policies, risks, targets and due diligence to play our part to protect and plan for ESG improvements through our operations and through our value and supply chain.

Jens Peter Koch

CEO

We recognize that being sustainable engages our employees and benefits communities and the environment. This is why we are working to make our sustainability commitments integral to our strategy. Importantly sustainability is what helps us win work and is at the core of delivering stakeholder value.