You can’t manage what you don’t measure. LM Wind Power reports on sustainability performance once a year as part of the annual report.
LM Wind Power joined the UN Global Compact in 2010, the world’s largest corporate voluntary initiative on sustainability. This was a result of the decision to work more systematically with our sustainability efforts, defining the key stakeholders and areas of impact and measuring on a number of key performance indicators to be able to set targets and track progress towards achieving them. Since then, we have reported our performance with our annual report in a non-financial highlights section and in a more detailed document submitted as the annual Communication on Progress for the UN Global Compact.
We have been tracking our energy consumption and waste generation and disposal for some years in most locations. However, since 2010 we have applied the Global Reporting Initiative (GRI) framework and added a number of other indicators within the areas of labor, human rights, anti-corruption and environment. These reflect our approach to sustainability and doing business. We want to become leaner, greener and cleaner and while doing so, we commit to integrating the ten universal principles specified in the UN Global Compact.
Reporting on sustainability performance is a process in constant development, and the recent update of the GRI framework to G4 has prompted another review which will be reflected in the 2012 reporting and going forward.