Sustainability Performance 2021

Message fromCEO Olivier Fontan seeing inflation affecting profitability and competitiveness of original equipment manufacturers (OEMs). Sustainability and diversity at the forefront As blade technology pioneers for over four decades, our contin- ued efforts to build some of the most advanced, reliable, and high-quality products have enabled customers to deliver cost- effective, and sustainable energy to communities worldwide. We have framed our business objectives around sustainability that includes the four key pillars: Safety remains the number one priority, and multiple continuous improvement events or Kai- zens were carried out throughout the year to identify processes that need further enhancement. We believe that Environment, Health and Safety (EHS) is a collective responsibility, that extends beyond our own employees and company to the entire wind industry value chain. Over 1000 new employees joined us across various locations globally in 2021, further strengthening our people-powered commitment to work in unison and address the climate change challenge. We believe an engaged workforce drives business outcomes and keeps the momentum going especially during times of uncertainty. At the plant level, we continue to run Navigating the Covid Pandemic In another year that has seen us live through the COVID pan- demic, with new variants sweeping across the world, posing complex challenges, and becoming a big concern for govern- ments, people and companies, we continue to focus on the safety, environment and well-being of our employees, the very foundation of our business, while supporting our customers worldwide in their mission to make clean energy competitive, affordable, and accessible for all. Industry, renewables, energy transition Wind power is a key link in the shift towards renewable energy sources that play a significant role in stemming climate change and accelerating the transition to a decarbonized future. The latest Global Wind Energy Council (GWEC) report states that in 2021 worldwide offshore and onshore installations of around 95 gigawatt (GW) were recorded, which brought the cumulative capacity installed at the end of 2021 to 850 GW. However, this is not enough. The report highlights that at cur- rent rate of installation, we will have less than two-thirds of the wind energy capacity required by 2030 to reach the goals set in the Paris Agreement. Along with demand challenges, we are Olivier Fontan Chief Executive Officer 3 | LM WIND POWER SUSTAINABILITY PERFORMANCE 2021