Message from CEO Duncan Berry Duncan Berry Chief Executive Officer A greener globe The global economy is making a rapid transition from fossil fuels to cleaner alternative technologies. It’s hard to believe that the wind energy industry has only existed since the late 70’s. It started small and remained localized for decades, but now it is now a genuinely global activity growing at an increasing pace. As an industry we provide employment to over one million people and here at LM Wind Power we have over 10,000 colleagues in 11 countries around the world. LM Wind Power manufactures the world’s most advanced wind turbine blades. We literally ‘catch’ the wind to create wind energy. One fifth of the blades flying on today’s wind turbines were manufactured by this company. With every technical step forward, we are helping to reduce the cost of renewable energy supplies and to deliver on UN Sustainable Development Goal 7 – Affordable and Clean Energy. need to do our bit to cut costs. This serves the goal of clean and affordable energy for all, and also helps us maintain a reasonable profit margin to invest in new technology and to deliver a solid return to shareholders. Our carbon neutrality pledge is dependent on commensurate cost reductions. Principles and ambition LM Wind Power management signed the United Nations Global Compact way back in 2010. Its principles have become a driving force for almost everyone in the company. Since I became CEO, l am proud to observe our company’s Sustainability progress along with its business performance. I have a fervent ambition to do better still. We must work hard to enhance our competitiveness and must fully justify our design and technology leadership by delivering clear returns on those investments. A green business model LM Wind Power’s Sustainability program is not driven by altruism but by the essential need to reduce the cost of generating electricity from the wind and ultimately to make it the most viable form of renewable energy not needing government subsidy. To ensure this long-term value creation and the viability of LM Wind Power, we Being part of GE enables us to think more boldly and to operate on a larger scale than we could as independent company. As part of GE Renewable Energy, we have a clearer line of sight to the interaction between the rotor and the turbine which will provide insights for development and for operational optimization of our blades. 3 | LM WIND POWER COP AND GRI REPORT 2017
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