Sustainability Performance 2021

In 2015, world leaders developed the Paris Agreement – an unprecedented step to curb greenhouse gas emissions. LM Wind Power is committed to concrete and ambitious actions to fight climate change. With our products powering wind turbines across the world, we work together with our stakeholders in the wind industry to lead the energy transition to make the Paris Agreement a reality. Yet our environmental commitment goes beyond the green electrons our products generate. We keep account and take responsibility of our own operational emissions such as improving energy efficiency and waste dis- posal practices. Global EHS policy Our environmental practices are guided by the Global EHS Poli- cy, which states that we should use natural resources and ener- gy in a sustainable way and avoid adverse impact on the envi- ronment. To ensure that we operate the company in line with international standards and continuously minimize our potential negative environmental impacts, all our production sites cur- rently in operation are certified according to ISO 14001. When introducing new materials or processes, we always undertake an EHS risk assessment to identify potential risks for any people involved and for the environment. The change in materials can- not be implemented before plans to address or control risks associated with the change are developed. The new material or process must as a minimum be at the same level of risk, and preferably better to ever reach implementation. Addressing our operational emissions Since 2018, LM Wind Power has been a carbon neutral business – the first in the industry. Maintaining carbon neutral status requires us to achieve a net-zero carbon footprint by balancing emissions with an equal amount of reductions and offsets every year. Four workstreams form the backbone of our carbon neutral program: 1. Measuring and disclosing our greenhouse gas (GHG) emis- sions 2. Optimizing the way in which we use energy and reducing emissions from energy use, waste generation and other operational activities 3. Procuring 100% renewable electricity, particularly from wind 4. Offsetting the remaining unavoidable emissions through ver- ified carbon credits Greenhouse Gas Accounting Every year, we measure our carbon footprint through the greenhouse gas accounting exercise. In 2021 we accounted for scope 1 and scope 2 emissions within our carbon neutral pro- gram. In our scope, we include: • Stationary combustion • Mobile combustion • Refrigerants • Purchased electricity • Purchased heating/cooling In addition to the above mentioned emission sources included in our carbon neutral scope, we track carbon emissions from: • Waste generated in operations • Business travel • Employee commuting • Fuel- and energy-related emissions • Delivery of materials from suppliers to our factories which we directly pay for Revenue invested in R&D in 2021, compared to 4.0 % in the previous year ** Total waste for recycling in 2021, compared to 27% in the previous year 41% Net carbon footprint (tCO 2 e) for Scope 1 and Scope 2 emissions in 2021, compared to 0 in the previous year 0 Renewable electricity consumption (including instruments like EACs) in 2021, compared to 100% in the previous year 100% Employ es acknowl ged GE's Th Spirit & the Letter 2021, which addresses anti-corruption and bribery *** * In our Safety metrics, we consider LM employees & LM Coordinated Contractors ** R&D investment figures are based on numbers from the annual report. *** At GE, trainings on anti-corruption and bribery are issued every two years. As 2021 was a intervening year , employees were asked to confirm that they have read and understood GE’s the Spirit & the Letter and agree to comply with its obligations, which cover anti-corruption and bribery. We will continue with the employee trainings to main ain awareness and empower them to play a role in maintaining compliance. 100% Days Away from Work rate per 200,000 working hours in 2021, compared to 0.32 in the previous year * Illness and injury rate per 200,000 working hours in 2021, compared to 0.56 in the previous year * New bl de designs launched i 2021, compared to 12 in the previous year 10 4.0% R ve u n D 2 r * To e g n 2 r N pr n 2 e Scope and S op m s R bl ec ric y c o (i i rum s i 2 r E l es n l ged GE's e ir & he L 2 hi d r a i * * In ur S fety m i , c i L loy s & M o di t Co * &D i e m n es r se nu be f o a l e . * At G , t inings ti-corr ptio ri e y a is ued eve years. A 2 s inter ni y r , emplo o fi h th y r d nd s d ’s i it & he Let r d a re to pl with i s obli a ions, whic e i c pti n and ib . e will n inu ith t e ploy e raini gs o in i l l i in aini g li ce. Da s at pe 2 0 n 2 , * I l d j r er 0 0 g u i 2 r * N w a s nch i 21 d t Revenue invested in R&D in 2021, compared to 4.0 % the previous year ** Total waste for recycling in 2021, compared to 27% in the previous year 41% Net carbon footprint (tCO 2 e) for Scope 1 and Scope 2 emissions i 2021, compared to 0 in the reviou year 0 Renewable electricity co sumption (including instr ents like EACs) in 2021, compared to 100% in the previous year 100% Employees acknowledged GE's Th Spirit & th Letter 2021, whic addresses anti-corruption n bribery *** * In our Safety metrics, we consider LM employees & LM Coordinated Contractors ** R&D investment figures are based on numbers from the annual report. *** At GE, trainings on anti-corruption and bribery are issued every two years. As 2021 w s a intervening year , employees w re sked to confirm that they have read and unders ood GE’s the Spirit & the Letter and agree t co ply wit its oblig tions, which cover anti-corruption and bribery. We will continue it he employee train ngs to m i tain aware ess and empow r them to play a role in main aining compliance. 100% per 200,000 working hours in 2021, compared to 0.32 in the previous ye r * 200,000 working hours in 21, compared to 0.56 the previous year * New blade designs launched in 2021, compared to 12 i the p evious year 10 4.0% 20 | LM WIND POWER SUSTAINABILITY PERFORMANCE 2021