Solaria Energia y Medio Ambiente S A : Sustainability Report H1 22

H1 Sustainability

Report

June 30, 2022

About this report

This report sets out the ongoing efforts of Solaria Energía y Medioambiente, SA ("Solaria" or "the Company") to further and reinforce the Company's environmental, social and corporate governance ("ESG") commitments.

Solaria has prepared this document for information and transparency purposes to disclose to its stakeholders its key

performance indicators and developments in the area of sustainability in the first half of 2022, from January 1st to June 30th, 2022.

The information contained herein has not been independently verified.

This report was approved on September 19th, 2022, by Solaria's Board of Directors at the proposal of the Ethics, Compliance and ESG Commission.

Contents

Sustainable management	5
Environmental commitment	9
Commitment to the team	13
Commitment to communities	17
Commitment to human rights	19
Commitment to suppliers	20
Good governance	21

Sustainability Report | First Half 2022

SUSTAINABLE MANAGEMENT

Solaria is a leading company in the development and generation of solar photovoltaic (PV) energy in southern Europe, with the aim of actively contributing to decarbonization and achieving a global energy model based on clean energy. The Company incorporates the sustainable approach in its strategy and business management.

The Company's target is to have installed 18 GW of emission-free energy by 2030, in line with the Agenda 2030 and the Sustainable Development Goals and 10 principles of the United Nation's Global Compact. This will also help reduce reliance on electricity from abroad, as it puts everything in our power to make solar power available to everyone.

Its approach to managing the business is predicated on ethics, transparency and sustainability, while always seeking to maximize returns for its investors. Moreover, as a leading player in the sector, it has both the expertise and resources to continue growing, constantly seeking to innovate and striving for excellence.

The Company has 2.057 MW of capacity under construction and operation, distributed among photovoltaic (PV) power stations in Spain, Italy, Uruguay, Greece and Portugal. In particular, the installed capacity at the end of the reporting period stood at 807 MW.

For some time now, Solaria has been acting and putting its five senses to make solar energy a sustainable, profitable, competitive and accessible solution for the entire population, helping to improve the environment and society, while at the same time protecting the investments of its shareholders and striving to maximize their returns.

The Company also contributes actively to the achievement of the United Nations Sustainable Development Goals (SDGs) and 2030 Agenda, focusing especially on the fight against climate change, respect for the environment and the protection of the surroundings where Solaria does business, and supporting and contributing positively to the local communities and territories where it has operations.

Solaria is a signatory of the United Nations Global Compact through the Spanish network. It aims to continue aligning its strategy with the 10 Principles of the Global Compact and taking the measures articulated in the SDGs and 2030 Agenda, aware that it is vitally important for society as a whole, including companies as well as government agencies and the general population, to do all it can to change the world.

During the first half of the year, Solaria joined and became an ambassador of the European Climate Pact, an initiative of the European Commission to participate in climate action and help become carbon neutral. It also joined the Green Bond Transparency Platform. The Company is also a member of several initiatives, such as the Global Compact's SDG Ambition Accelerator.

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Sustainability Report | First Half 2022

During the period, Solaria published its updated ESG goals, which are available on the corporate website: www.solariaenergia.com.

Solaria's sustainability policy is based on the following principles and commitments:

• Environmental: Maximizing Solaria's positive impact on its natural surroundings and contributing to sustainable development through:
• • Efficient use of resources, reduction in the consumption of raw materials and recovery of waste.
  • Reduction of environmental impact.
  • Increased involvement of the Company as a whole.
  • Leadership in the fight against climate change.
• Social: Promoting socially responsible conduct through the creation of a safe and healthy workplace based on:
• • Ethics and respect.
  • Providing reliable, high-quality service.
  • Becoming involved in the development of regions where the Company is present.
• Good governance: Guaranteeing integrity and ethics in all areas of relationships:
• • Management based on integrity and responsibility
  • Mainstreaming an inclusive and equitable culture throughout the organization, starting with senior executives, that fosters trust- based relationships with stakeholders.

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Sustainability Report | First Half 2022

ENVIRONMENTAL COMMITMENT

Sustainability in its operations is part of Solaria's DNA and one of its core values.

Solaria's business operations are in essence an expression of its commitment to contributing to sustainable development and the fight against global warming by fostering the transition towards a low-carbon economy through the generation and supply of 100% renewable electricity. Our business model is fulling aligned with the EU Taxonomy.

Solaria generates emission-free energy, enabling the Company to release less carbon dioxide into the atmosphere than it emits. Specifically, in the first half of 2022, the Company generated 641,7 GWh, an increase of 50% year-on-year, absorbing the emission of 160.425 tons of carbon dioxide into the atmosphere. This is equal to the energy consumption of approximately 196.100 Spanish households.

Indeed, Solaria has reduced its emissions per unit by 30% from the first half of 2021.

Protecting the environment and fighting climate change are set out in Solaria's corporate code of ethics and articulated in its environmental policy. Approved in 2020, this policy not only furthers the Company's commitments regarding its business and environmental impact, but it also places a special emphasis on its surrounding, addressing issues such as the fight against climate change, efficient use of resources, protection of biodiversity, and the promotion of a circular economy.

But Solaria wants to go even further, doing all it can to help the fight against climate change. Therefore, it has updated its decarbonization goals to make them more ambitious.

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Given the nature of its activity, Solaria inherently contributes to the reduction of electricity dependence and the achievement of the SDGs, not to mention other EU objectives regarding climate change, such as the European Green Deal, backed by the 2021-2030 Integrated National Energy and Climate Plan (NECP), to reduce emissions by 2030 and become carbon-neutral by 2050.

In addition, the Company always acts with the most respect for the environment and reduces negative impacts to a minimum. The projects respect the natural environment and do not produce any type of contamination. Likewise, Solaria carries out a large number of environmental impact studies so that the design of its solar plants respects and protects the flora and fauna of the area. It also proposes a series of compensatory measures focused on the net gain of biodiversity.

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