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 apply the Global Reporting Initiative (GRI) framework for guidance and structure and report across a number of 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 as also evident with the transition to the GRI G4 framework. LM Wind Power pioneered the G4 framework as we saw an opportunity to focus our reporting even further on what matters. We’ve learned a lot from that process and continue to improve the reporting processes and the quality and representation of data. Ultimately we are aiming for a truly integrated report, reflecting our belief that Sustainability and business performance go hand in hand.