Letter to our stakeholders 3 It’s all about power efficiency 4 How we work with CSR 6 CASE : Terra-Gen gains 2% efficiency and offsets 413 ton CO2-e – every year 8 Fortifying the base, while preparing for the next steps 10 CASE: Fjord Line reduces fuel consumption by 2-5% and saves 2,300 ton CO2-e per year 12 CASE: Battery hybrid solution saves 12-13% on fuel – 3,000 ton CO2-e 13 DEIF is a value-based and motivating place to work 14 Safety first 16 Green at heart 18 CASE: Triple-win at high school: 70% savings on the energy bill, more education, less CO2 20 Green at home 22 Zero tolerance for corruption 23 CASE: Enabling reliable, renewable power supply on off-grid islands 24 Letter to our stakeholders Since the foundation of DEIF in 1933, our overall goal has been to develop the company’s long-term value based on business ethics and responsibility towards our employees, business partners and society as a whole. In recent years, the realisation that we need to harness our consumption of valuable natural resources and curb climate change has added a new dimension to our business. As a leading company in power management, we can play an important role in greening our society; first and foremost by increasing the energy efficiency of power installations and by supporting the electrification of our society powered by renewable energy sources. To underline our role in this transition, we introduced a new company purpose in 2019, stating that we are in business to make the planet greener by offering the world’s best and most reliable control solutions that can improve the global energy efficiency. The SDGs enable us to be part of a global movement that directs our efforts towards the areas, where DEIF can make the biggest impact with our solutions and the way we do business. This also includes a continued focus on our employee’s safety, well-being and motivation and care for the communities that we are part of. In my mind, there is no doubt that high business ethics and a strong focus on sustainable solutions go hand in hand with good business. We look forward to continuing our exploration of next generation power management solutions that can pave the way for a greener future. While we continue our strong commitment to the UN Global Compact, we are also ready to take the next step in our sustainability work by integrating the UN Sustainable Development Goals (SDGs) in the company’s long-term strategy and in our core business activities. Toke Foss CEO 3
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