LETTER OF COMMITMENT

Stockholm April 2021

To our stakeholders: I am pleased to confirm that Tundra Fonder reaffirms its support of the Ten Principles of the United Nations Global Compact in the areas of Human Rights, Labour, Environment, and Anti-Corruption. In this annual Communication on Progress, we describe our actions to continually improve the integration of the ten principles of the Global Compact and the Sustainable Developmental Goals (SDGs) into our business strategy, culture and daily operations. We also commit to sharing this information with our portfolio companies and other stakeholders using our primary channels of communication. Currently, we are all experiencing challenging times. Disproportionately many children and young people have been affected by the pandemic. In our Annual Sustainability Report we write: “150 million additional children plunged into poverty due to COVID-19, a dire message by UNICEF and Save the Children in their new analysis. It has revealed that the number of children living in multidimensional poverty has increased by 15% since the start of the pandemic. Using data on access to education, healthcare, housing, nutrition, sanitation and water from more than 70 countries, the authors found that around 45% of children were severely deprived of at least one of these critical needs even before the pandemic hit.” 2021 is the International Year for the Elimination of Child Labour. 152 million children are still subject to child labour today. We fully support the assumption that no child should be deprived of a childhood, safety, health or education. Child labour has no place in our society, and companies have a duty to stop child labour. It is time to accelerate the pace of progress and for businesses to take practical actions to help eliminate child labour for good. Therefore we pledge to commit, to inspire and to scale up our ambitions in the fight against child labour. We believe that the need for collaborations have never been more urgent.

Read the report here.

Antonia Gibson Chief Executive Officer