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 launched a new sustainability strategy end 2010, which was marked by joining the UN Global Compact, 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 X key performance indicators to be able to set targets and track progress towards achieving them.
We have been tracking our energy consumption and waste generation and disposal for some years in most locations. However, in 2010 we started to apply the Global Reporting Initiative framework and added a number of other indicators within the areas of labor, human rights, anti-corruption and environment. These cover the entire group of Blades, Service & Logistics and Svendborg Brakes and 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.
The joint reporting of sustainability performance according to GRI marks the official kick off on the group’s sustainability reporting. Going forward, we will expand and improve requirements and data in line with the business needs and capacity.