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Infinity Power     2023 Sustainability Report                                                                                                                                                                                                                                                                                                                                     9

                                                                                                                 MISSION & VISION

                 Our sustainability strategy                                                                                                                              Powering Africa through renewable technologies

                 To achieve our vision of powering Africa                                                                                               To be Africa’s preferred sustainable energy solutions partner, powering economic growth,

                 through renewable technologies, and                                                                                      social development and enabling communities to realise their potential through access to clean energy

                 drawing on what was identified through our

                 materiality process, we have a four-pillar

                                                                                                                 PILLARS  energy excellence                                              natural environment                                             just energy transition                                         integrity
                 sustainability strategy.                                                                                 Delivering standards of                                        Protecting the                                                  Leading the                                                    Operating with

                 Our approach is based on the foundation of operating

                 with integrity, where we apply the highest standards of
                 governance and business ethics in how we work. In doing                                                  •  Renewable and reliable                                      •  Climate change mitigation                                    •  Renewable energy capacity building                          •  Human rights and supply chain
                                                                                                                 MATERIAL ISSUES
                 so, we create an environment where we are best placed to                                                     energy production                                              and adaptation                                              •  Local job creation                                          •  Business ethics, fraud and corruption

                 deliver standards of energy excellence. Through keeping our                                              •  Health, safety and security                                 •  Biodiversity and ecological impacts                          •  Community investment                                        •  Socio-economic political risks

                 workers safe and healthy, and leading strong partnerships,                                                   (employees and communities)                                •  Environmental compliance                                     •  Community engagement

                 we can run the highest-performing renewable power                                                        •  Contractor partnerships                                     •  Lifecycle environmental impacts                              •  Responsible land use/access

                 projects in Africa.                                                                                                                                                                                                                     •  Labour management and

                                                                                                                                                                                                                                                            community unrest/grievances

                 At the same time, we commit to building and operating
                                                                                                                                                                                                                                                         •  Diversity and inclusion
                 these projects while protecting the natural environment now
                                                                                                                                                                                                                                                            (including gender)
                 and into the future – to never act beyond our means and to

                 mitigate our impacts on biodiversity and the natural world.
                                                                                                                 OUR 2030 COMMITMENTS
                 We pursue opportunities to create positive impact from the
                                                                                                                          Achieve zero harm across the entire                            Achieve a 35% reduction in operational                          Allocate at least $4 million towards                           Establish a group-level Sustainability
                 start of each project, and our aim is to significantly benefit
                                                                                                                          group’s operational assets (no LTIs)                           carbon emissions intensity*                                     community initiatives across the                               Committee that provides a stand-
                 the communities and ecosystems we operate in, along with
                                                                                                                                                                                                                                                         portfolio, with all community initiatives                      alone forum to advise the Board on
                 the broader economies and societies that host our projects.
                                                                                                                                                                                                                                                         covered by independent monitoring                              ESG matters and monitor sustainability
                                                                                                                          Achieve compliance with project social                         Commission all projects from 2030                               and evaluation                                                 risks and opportunities on a quarterly
                 As a renewables firm, this means committing to help transform                                            action plans and avoid any serious                             achieving no net loss to biodiversity as                                                                                       basis, with employees empowered

                 for the better, building skills and capacity that not only                                               employee grievances                                            defined by IFC Performance Standard                                                                                            to improve ESG performance

                 support economic development, but give communities the                                                                                                                  6, while seeking to deliver net gains to                        Maintain a local community workforce                           against relevant ESG metrics

                 opportunity to transition from a fossil fuel-based economy                                                                                                              biodiversity across the portfolio                               of at least 40% and a national workforce

                 to one that is compatible with a sustainable future. This                                                                                                                                                                               of at least 90% for our operating plants

                 approach ensures we lead with principles of a just transition, to
                                                                                                                                                                                                                                                                                                                        Establish links between Infinity Power’s
                 build a sustainable future that works for everyone: empowering                                                                                                          Replant more than double the trees                                                                                             sustainability strategy, material areas,
                 local communities, protecting the environment, and                                                                                                                      removed during project construction                             Achieve compliance with project social                         and impact on the UN Sustainable

                 delivering the skills, expertise and excellence needed to                                                                                                                                                                               action plans and avoid any serious                             Development Goals

                 transition away from a high-carbon economy.                                                                                                                                                                                             community grievances

                       SUSTAINABILITY REPORT TARGETS                                                        *compared to Lekela Power’s historic emissions baseline of 2.58kg of CO e produced per kWh during 2020
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