Sustainability Performance 2021

The Spirit & The Letter is a code of conduct and set of policies that cover our integrity commitments on critical subjects and risk areas. It governs the way in which we work and must be followed by everyone who works for, or represents GE, and cov- ers compliance risk areas such as improper payments, supplier relationships, anti-money laundering, fair employment practic- es and environment, health and safety. The Spirit & The Letter ensures that employees know what is expected of them and how they can make the right choices in difficult situations. Our Code of Conduct states: • Be honest, fair and trustworthy in all your GE activities and relationships. • Obey applicable laws and regulations governing our business worldwide. • Fulfill your obligation to be the Voice of Integrity and promptly report any concerns you have about compliance with law, GE policy or this Code. • Simple compliance is more effective compliance. Effective compliance is a competitive advantage. Work to run the com- pany in as competitive a way as possible — with speed, accountability and compliance. Organizational Structure The LM Group is led by the CEO and CFO. They are supported by the wider Management Team, which consisted of 16 members in 2021 (including the CEO and CFO) who represent the various functions within the organization. GE Renewable Energy HQ in Paris has financial oversight of the LM Group, in accordance with our strict rules on confidentiality, especially with regard to external customers. Each legal entity in the LM Group is set up in accordance with local legislation. In Denmark, our organizational structure in our Danish Topco, LM Group Holding A/S, consists of a two-tier management system with a Board of Directors and an Execu- tive Board. The Board of Directors in LM Group Holding A/S consists of five members. The Spirit & The Letter 12 | LM WIND POWER SUSTAINABILITY PERFORMANCE 2021