10 Steps to Becoming a Carbon Neutral Business

Page 34 STEP 08: BALANCE YOUR REMAINING EMISSIONS LM WIND POWER’S APPROACH TO CARBON CREDITS For us, carbon offsetting was the last step in reducing our emissions. After reducing emissions internally and sourcing renewable energy first, there were leftover emissions which we could not reduce within the short timeline of our pledge. For these unavoidable emissions, we purchased carbon credits verified by the Verified Carbon Standard or the Gold Standard. Since we had to invest in these credits, we wanted at least to ensure our approach reflected our wider brand vision and a strong link to our business. Therefore, our investments focus on projects that provide clean energy access preferably from wind, use LM Wind Power blades, involve customer turbines and/or are close to our operations. For example, one of the projects we invested in provides clean, renewable energy in India – a country where we have two factories and a Technology Center. In addition, the project benefits the communities of surrounding villages by investing in employment, health worker training, young women empowerment, clean water provision and art workshops. This selection of carbon credits provides a strong storytelling platform that we hope will resonate well with employees and other key stakeholders.