Our sustainability performance Prior to becoming CEO LM Wind Power in February 2020, I’ve observed the team’s steady sustainability progress from my previous role as Vice President Global Supply Chain in GE Renewable Energy. The clear highlight from 2018 was our carbon neutrality achievement as the first in the wind industry to reach this ambitious target, while avoiding $2.6 million in energy cost. In 2019, I saw the team consolidating our commitment and reaffirming that carbon neutrality makes business sense, even in challenging times. A green business is a lean business and while our carbon neutrality savings could not keep pace with the 9% energy avoidance, we achieved in 2018, our energy efficiency program led to another 2% energy reduction this year. This is what sustainability is about at LM Wind Power – improving our operational efficiency while reducing our environmental impact. Sustainability at LM Wind Power is wider than carbon neutrality alone and consists of four key pillars: Safety, Environment, Technology and People. I see clear, positive momentum within each pillar, but at the same time I see challenges. For example, while we reduced accident frequency, accident severity went up this year. Only with everyone’s relentless focus, we can achieve improvements on all safety indicators in 2020. And finally, our business is all about people. As our business keeps on growing, we’re welcoming record numbers of employees to our company. My priority is not only that everyone goes home safe every day, but also to help develop talent and build a culture of candor, humility and transparency in every part of the business. The year ahead GE Renewable Energy pledged to achieve carbon neutral operations by 2020 - across its wind, hydro, energy storage and grid businesses - through operational efficiencies, sourcing renewable energy and offsetting unavoidable emissions. As part of the GE Renewable Energy family and having the experience of what it takes to go carbon neutral, our clear focus is to help GE Renewable Energy to decarbonize. At the same time, we will aim to improve sustainability performance further within LM Wind Power. This year, we’ll focus on emission reduction opportunities that will improve our operational excellence as well as those in which every employee can make a difference. I’m also committed to maintaining and increasing our focus on safety, on quality and on compliance as we undertake the challenge of bringing new blade technology to market at a required competitive cost. LM Wind Power remains committed to the principles of the United Nations Global Compact and the Sustainable Development Goals. I look forward to accelerating our sustainability advancement, as there remains much more that must be done. – Olivier Fontan, Chief Executive Officer, LM Wind Power 4 | LM WIND POWER SUSTAINABILITY PERFORMANCE 2019
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