LM Wind Power, the world's largest wind turbine blade, brakes and service supplier to the wind industry, announced today that it has signed the United Nations Global Compact.
Headquartered in Denmark, which leads the wind industry, the company is arguably one of the ‘greenest' companies in the world already. Over the last 30 years, it has produced more than 130,000 wind turbine blades corresponding to approximately 43 Giga watts (GW) of installed wind power capacity. Each year, this effectively replaces approximately 74 million tonnes of CO2, which is widely agreed to be a major contributing factor in the global battle against climate change.
However, like many other manufacturing companies, while operating in a green industry, LM Wind Power acknowledges that it must do more to become greener and cleaner throughout its operations. Joining the UN Global Compact emphasizes that commitment publicly and kicks off a new global Sustainability strategy which will be rolled out all over the world.
"We decided to ask ourselves some hard questions," said Roland Sundén, CEO of LM Wind Power. "We have a long track record of contributing to producing green energy but are we really green enough? The answer was no."
The company is now taking a thorough look at the way it conducts its business in all areas. It is already compliant on the business ethics and humanitarian requirements of the UN Global Compact but its new corporate strategy renews commitments on safety, industrial hygiene, emissions, waste and all aspects of environmental impact.
"Improvements like this make good business sense. That is the core of our philosophy. For LM Wind Power, sustainability is not about philanthropy or making us look better than we are. It's about confronting the environmental and social challenges we face in our business and achieving real change. We share this ambition with the other signatories to the UN Global Compact which we are honored to join," Mr Sundén concluded.
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