LM_Sustainability_Report_2022

MESSAGE FROM OUR CEO Introduction People and society Carbon neutrality Circularity LM Wind Power Sustainability Performance 2022 Wind energy is one of the cornerstones of the renewable energy industry, providing a reliable, sustainable, and cost-ef- fective source of electricity generation, and is a significant contributor in combatting climate change. As the need to achieve net-zero carbon emissions globally grows more urgent, and energy security is on top of the agenda, we are committed to work together with our customers and partners to ensure that the energy transition can be made as efficient- ly as possible. Sustainability powering our strategy Our business has always been driven by a clear purpose and vision – together, we capture the wind to power a more sustainable world. People and technology are at the core of our business. Our diverse teams, comprising over 11,000 people from across 50 nationalities, are working tirelessly to decarbonize the world and shape a cleaner future for the next generation. Safety is our top priority, and we are committed to ensure they return home safe each day. Our focused efforts in 2022, resulted in reduction of illness and injury rate by 30% and days away from work rate by 28%. We have been at the forefront of technological innovations for over 4 decades, improving the competitiveness of wind energy in the market. We are actively driving circularity and blade recycling through projects like DecomBlades , ZEBRA and Blades2Build . The first recyclable ZEBRA blade manufac- tured in 2022 successfully completed static tests (extreme load validation) and will now undergo fatigue testing (lifetime validation) in 2023. Following our Zero Waste Blades pledge in 2021, we reduced our manufacturing waste by 27% last year. In addition, we are working with our stakeholders to reduce direct material con- sumption and reuse our packaging, incorporate more recy- cled materials into our manufacturing processes. In 2022, we were able to recycle over 43% of our waste from our plants, unlocking its value and protecting our resources. We continue to keep our operations carbon neutral and draw upon 100% renewable electricity to power our plants world- wide. A comprehensive energy efficiency program is helping us curtail power consumption, thus reducing our own carbon footprint and achieve cost savings.  Olivier Fontan Chief Executive Officer 3