A SUSTAINABLE BUSINESS ON A SUSTAINABLE PLANET
Sustainability performance
LM Wind Power has a long-standing commitment to sustainability reporting. We consider sustainability reporting as one of the key platforms to inform our stakeholders on our progress towards our sustainability targets.
Since we signed up to the United Nations Global Compact and published our first Sustainability report in 2010, our integration of Sustainability has continued to grow and develop within the organization. In 2013, we launched our first engagement program for employees, and not much later we formalized our Sustainability organization and top-level ownership with the establishment of the Global Environment, Health and Safety (EHS) and Sustainability Council. The progress we made over the years culminated in the Management Team’s decision in 2016 to take the company carbon neutral by 2018 – an ambitious, industry-leading pledge. In 2018, we achieved this promise – becoming the first company in the wind industry to do so.
Our approach to Sustainability is to ensure long-term value creation for all our stakeholders. While achieving carbon neutrality was an important milestone for the company, we are now moving towards reducing carbon footprint in the upstream processes through initiatives like Zero Waste Blades by 2030 and in the downstream processes through blade recycling projects, so that we support an acclerated transition to a decarbonized future.
SUSTAINABILITY
Full Report
Sustainability Performance 2023
View & Download 2023 Sustainability Report.
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2023 SUSTAINABILITY HIGHLIGHTS
Sustainability powering our strategy
Hanif Mashal, CEO
"Wind energy is a strong pillar within the renewable energy sector, offering reliable, affordable, and sustainable electricity that helps battle the critical challenge of climate change. While our positive impact is evident, we must also recognize the considerable challenges across the wind value chain. These include addressing product economics, offering value- added services at competitive prices, and delivering high-quality products efficiently. At LM Wind Power, we are committed to maintaining our focus on safety, quality, and environment, as well as well-being of our employees, the very foundation of our business, while supporting our customers and other stakeholders worldwide in their mission to make clean energy affordable, and accessible for all. "
2023 SUSTAINABILITY HIGHLIGHT
Environment
Being in the renewable energy industry, we are part of the transition towards a more sustainable planet.
2023 SUSTAINABILITY HIGHLIGHTS
Technology
Technology means doing everything we can to decrease the Levelized Cost of Energy and to make wind energy the most attractive form of energy.
2023 SUSTAINABILITY HIGHLIGHTS
People
LM Wind Power is very much a people business. Our ability to manufacture blades is dependent on the people who build them, not machines or materials.
2023 SUSTAINABILITY HIGHLIGHTS
Waste Recycling
Our focus is on optimizing use of natural resources and improve existing blade designs to facilitate more recycled materials.
Aiming for bigger reach
Just like wind turbines have three blades capturing more wind, our sustainability strategy focuses in three dimensions, aiming for bigger reach: climate, circularity and people. All with the end goal of powering a more sustainable world.