Sustainability Performance 2020

ReseArch) project, where we seek to design and manufacture the first 100% recyclable wind turbine blade. The consortium represents the full value chain: from development of materials, to blade manufacturing, wind turbine operation, and eventually recycling of the decommissioned blade material. The future ahead As a company that achieved “carbon neutral” status in 2018, and as valued member of the GE Renewable Energy family which recently fulfilled its pledge of a net-zero footprint*, we have anchored our business projects within the sustainability mindset. At the same time, we actively encourage our peers and supply chain partners to take the sustainable pathway. It’s time to stop viewing sustainability projects as distinct from business objectives of curbing cost and enhancing efficiency. It goes hand in hand. With growing appetite for renewable energy, the wind industry will evolve tremendously. And even though the industry has lower carbon footprint compared to many non-renewable power generation technologies, we need to seek effective avenues to further reduce our emissions. These continuous improvements are both a driver and the result of embracing a lean culture and mindset. We stand firm in our commitment to the United Nations Global Compact and the Sustainable Development Goals. In keeping with our target of continued improvement, we aim to advance our technological innovations, which when combined with joint industry efforts, will be pivotal in developing a sustainable and circular product portfolio. We are determined to overcome the challenges and help build a sustainable world that works for generations to come. – Olivier Fontan, Chief Executive Officer, LM Wind Power Our sustainability advances We at LM Wind Power have sustainability at the core of our strategy that focuses on four key pillars: Safety, Environment, Technology and People. We made solid advances in our safety performance in the past year when our illness & injury rate went down from 0.84 per 200,000 working hours in 2019 to 0.56 in 2020 - well below the target of 0.7. We strive to provide and promote a safe and healthy working environment and strongly believe that Environment, Health and Safety (EHS) is a shared responsibility and also a way to improve our business. Employees are the nucleus of our organization and their health and well-being is a top priority. Globally, over 1,300 new employees joined LM Wind Power in 2020 and we contin- ue to work towards a more diverse employee mix in all levels of the company. We also have a robust program to promote diversity at the plant level. To have a sustainable company and society, I believe we need to ensure our workforce is highly engaged and motivated. Our efforts to improve operations and maintain a carbon neu- tral business have also enabled us to focus on optimizing the use of natural resources and to work with our partners to intro- duce more recycled materials into blade designs. In 2020, we achieved a saving of USD 8.4 million from direct material reduction, well above the target of USD 6.4 million. We also recycled around 28% of our waste in 2020 compared to 25% in 2019. How can we make sustainable blades for the future? This is the technological challenge that the wind industry needs to address to accelerate its much sought-after transition to a cir- cular economy. Our commitment to sustainability led us to partner with industry leaders on the ZEBRA (Zero wastE Blade * Based on the CarbonNeutral Protocol, including offsets and instruments like EACs. 4 | LM WIND POWER SUSTAINABILITY PERFORMANCE 2020