10 Steps to Becoming a Carbon Neutral Business

Page 3 In 2015, 195 world leaders signed the historic Paris Agreement to combat the threat of global warming by drastically cutting greenhouse gas emissions. Businesses were specifically encouraged to contribute, leveraging their ability to drive change fast while creating value for multiple stakeholders. Together with the Sustainable Development Goals (SDGs), there is now a clearly defined set of targets for creating a more sustainable future, with our sector addressing one SDG (SDG 7 – Affordable and Clean Energy) in particular. At LM Wind Power, we have taken this to heart with our pledge to go carbon neutral – a goal we achieved in 2018. Through this program we have proved that a green business model is actually a leaner business model, reducing our costs and improving our processes. Focus on the minute details of where our emissions come from reveals hidden opportunities. It is a continuous improvement process. We firmly believe that the companies that lead, win - and an ambitious climate action strategy puts us in front when applying for funding, when attracting new colleagues, when setting up operations in new markets and when pursuing new business. It is not a nice to have, it is the business model for the future. This guide summarizes what it takes to go carbon neutral for any organization with an ambition to launch an ambitious climate action program. The content is based on the key lessons learned from the first year of implementing LM Wind Power’s carbon neutrality program CleanLM. Being one of the first companies to go carbon neutral, there was no simple and predefined path to follow. We were constantly exploring new turf, learning and adjusting as we went. Throughout the guide, we’ll share insights we have had in the process and things we wish others had told us before we started. With this, we hope to make it easier for more organizations to pursue carbon neutrality and grow the movement of corporate sustainability leaders. It is part of our ethos and our vision: Together, we capture the wind to power a cleaner world. INTRODUCTION Introduction Carbon neutrality definition OUR CARBON FOOTPRINT TONS C0 2 / YEAR TONS C0 2 / YEAR C0 2 EMITTED C0 2 REDUCED AND OFFSET Clean LM