LETTER TO OUR STAKEHOLDERS The world is facing difficult challenges. Among other things, we have to deal with the raging Covid-19 pandemic, while keeping a steadfast focus on some of the long-term threats like climate change, resource scarcity and inequality. As we all know, the challenges are not new. But it’s new that the world has united to tackle the challenges and create sustainable development on a global scale guided by the UN Sustainable Develop- ment Goals. At DEIF, we have made a strong commitment to play a role in supporting this sustainable development. We want to make a difference, and we can make a difference by the solutions we offer and by the way we do business. Our commitment to sustain- able development is manifested in our DEIF 2030 strategy, which sets out our ambition to be a global trendsetter in climate-friendly products and solutions. We aim for sustainable growth towards 2030 with two thirds of our revenue coming from products and solutions that have a positive climate impact. In the world around us, the green energy revolution has begun, the electrification of societies is running at full speed, and the demand for hybrid solutions is exploding. As specialists in power efficiency, this is our playing field – on land and at sea. We know that our solutions can make a genuine difference both in the long-term green transition and in the short-term green recovery after Covid-19. The DEIF 2030 strategy will guide our decisions and actions throughout the business, and step by step we will work to succeed. In this way, we will continue to develop the company’s long-term value based on business ethics and responsibility towards our employees, business partners, local communities and our planet. Toke Foss Group CEO
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