Company Products Service Career Investors Sustainability News & Media USE WIND INTELLIGENTLY. LIVE SUSTAINABILITY. 01 09 SUSTAINABILITY THE GOAL: SUSTAINABILITY IN ALL AREAS As a manufacturer of innovative onshore wind turbines, we help to continually increase the share of renewable energies in the global energy mix. Sustainability is the core of our business model. Even though our technological standard is already very high and our plants are extremely efficient, we aim to achieve more. We are convinced that sustainability is essential not only for the commercial future of the Nordex Group, but also in order to preserve our environment for future generations. For this reason, the Nordex Group pursues a holistic approach. On the way to operating sustainably as a company in all areas, we set ambitious targets for ourselves and continually strive to make improvements. The objective is clear, how to get there is described by our sustainability strategy. SUSTAINABILITY – ORGANIZATIONALLY ANCHORED & STRATEGICALLY LEADING THE WAY Nordex’s sustainability strategy for 2019 to 2021 is based on the sustainability approach “Using wind intelligently – Making sustainability a way of life”. This encompasses the central themes of sustainability for this period, which the Nordex Group summarizes in five strategic areas of action: product responsibility, employee responsibility, responsibility along the supply chain, environmental management and resource efficiency as well as social responsibility. Specific targets were defined for these core topics. The organizational division of Global Sustainability Management is responsible for the ongoing strategic development of the Group with respect to sustainability issues and remains in constant contact with all company divisions to strategically align sustainability activities. The department is part of the central organizational unit Quality, Health, Safety & Environment (QHSE) which reports directly to the management. THE SUSTAINABLE DEVELOPMENT GOALS OF THE UNITED NATIONS – OUR CONTRIBUTION As the core element of the 2030 agenda, the General Assembly of the United Nations approved 17 global goals for sustainable development in 2015: the Sustainable Development Goals (SDGs). The Nordex Group has integrated these goals into its sustainability approach. In particular, we see opportunities to influence the three SDGs “Affordable and clean energy” (7), “Decent work and economic growth” (8) and “Climate action” (13), since we can make a significant contribution in this regard with our business activities. 02 09 PRODUCT RESPONSIBILITY MAKING GREEN ENERGY AFFORDABLE Starting with the development and construction of our turbines, as well as for technological enhancements, we consider ecological, social and health-related aspects such as service optimization, material selection, noise emissions or recyclability. To keep wind energy viable for the future while competing with other energies, the costs of power generation have to be reduced even further. For this reason, annual cost reduction by a high one-digit percentage is an important strategic goal of product development at the Nordex Group. We are constantly working towards our goal of meeting the globally growing energy demand with power produced using regenerative and environmentally-friendly methods, and thereby actively driving forward the energy transformation. The satisfaction of our customers is a decisive factor for our company’s success. For this reason, it is very important for us to consider the customer’s perspective, understand our customers’ needs and always orient our services on these requirements. Material usage and efficiency gains with Delta4000 product series Harmonizing the product range Reduction of electricity generation costs Product safety and health Expanded range of application for Nordex plants worldwide Repowering Service Control of plants to protect flora and fauna as well as residents LIFE CYCLE ASSESSMENT In 2019, the Nordex Group investigated the environmental performance of a wind farm with our latest Delta4000 turbine. In the process, we analyzed the entire life cycle of the turbines in accordance with ISO 14040 and ISO 14044. One significant indicator here is the climate impact, measured in greenhouse gas emissions per generated kilowatt hour of electricity. For this purpose, the greenhouse gases emitted over the entire life cycle of a wind turbine are compared with the energy yield. In the case of the wind farm calculated during this assessment, this value was 6.5 g CO2e/kWh. A comparison with the greenhouse gas emissions of fossil energy sources per kilowatt hour of generated electricity makes it clear that highly efficient wind power plants play an enormous role in global emission reductions. Detailed insight is provided by the audited report on the analysis and its findings: LCA Delta4000 Based on this LCA study, Nordex published an environmental product declaration in accordance with the requirements of EPDItaly. Source: Sustainability Key Facts 2020, page 13 & 28 03 09 EMPLOYEE RESPONSIBILITY INTEGRITY, RESPECT, COLLEGIALITY AND OWNERSHIP EMPLOYEE RESPONSIBILITY Our success as a global company which employs a variety of people with different backgrounds and cultures is based on a company culture oriented on the continuing education, loyalty, satisfaction, health and diversity of its employees. We view this diversity as a decisive advantage. Men and women, different age ranges and cultural backgrounds, a variety of worldviews and lifestyles all enrich the Nordex Group. These perspectives shape our work and our everyday interactions with one another. SAFETY FIRST Being aware of potential dangers is the most important requirement for preventing and safely managing risks. This principle is the basis for the “Safety First” culture of the Nordex Group. We view it as our responsibility to ensure that employees worldwide can work in a safe environment. Whether with visitors or colleagues, our meetings start with a Safety Contact to raise awareness about risks. All division leaders and team leaders in plants, at service locations, on construction sites and in branch offices take part in regular seminars. With the goal of establishing an ongoing dialog about safety and risks, conducting safety inspections is a mandatory duty for executives. Nearly all production sites, the company offices in Hamburg and Spain as well as the branch offices are certified in accordance with the environmental management standard ISO 14001 and the standard for occupational safety and health ISO 45001. Internal campaigns implemented globally aim to raise awareness among employees: safety is not just about policy at the Nordex Group, it is a matter of the heart. 04 09 RESPONSIBILITY ALONG THE SUPPLY CHAIN A significant share of our added value is generated in the pre-production phases. In this context, we procure products and services from numerous suppliers in various countries around the world. Our Code of Conduct for subcontractors and suppliers of the Nordex Group provides a foundation to ensure that our ecological and social standards apply along the entire supply chain. THE GUIDING PRINCIPLE: HUMAN RIGHTS All our business decisions and activities, including our investment agreements, protect human rights worldwide. Our guidelines are the principles of the UN Global Compact, the OECD guidelines for multinational companies and the General Human Rights Declaration of the UN. This forbids any child labor, forced labor, discrimination or retaliatory measures. The trust of our customers, shareholders, business partners and the public depends on this crucial foundation. We also place the same requirements on our business partners. Our company culture is based on our central values as well as the principles and guidelines for conduct, in particular the codes of conduct that are defined for personnel and suppliers. LEARN MORE STANDARDS FOR RESPONSIBLE INTERNATIONAL COLLABORATION In order to fulfill our responsibility along the supply chain, we have defined standards that also cover collaboration with suppliers. We are continually optimizing our review process for collaboration. We also actively support equal opportunities and equal treatment of employees as well as full compliance with laws and regulations concerning freedom of association and collective bargaining agreements. We also require this attitude for any collaboration with business partners. In order to guarantee this, we regularly conduct an assessment of relevant suppliers in the form of visits and audits. In order to comply with our standards, we carry out regular and extraordinary event-driven audits. The aspects of compliance, environmental protection and responsibility for the supply chain are also an integral components of the audits we conduct before taking on new suppliers. 05 09 ENVIRONMENTAL MANAGEMENT & RESOURCE EFFICIENCY We can only offer our customers truly sustainable wind power turbines if our processes are environmentally friendly and resource-efficient. Nordex works continually to prevent waste, reduce hazardous substances and procure the required electricity at all sites entirely from renewable energy sources. At Nordex, we are permanently committed to analyzing all aspects in detail and documenting them transparently to develop case-specific and appropriate solutions that prevent negative effects on the environment. Through our careful use of resources, we aim to continually reduce our environmental footprint. As a manufacturer of wind turbines, the production of facilities for environmentally-friendly and efficient power generation from wind is the core of our business model. In this regard, we place a high value on environmental protection across all life cycle phases of our systems, from development to procurement, production and operation all the way to dismantling and recycling. To this end, we rely on integrated systems for quality management, work management, occupational health and safety and environmental management. CORPORATE CARBON FOOTPRINT – ANALYSIS With the aim of establishing a basis for a future climate strategy and identifying CO2 hotspots, the Nordex Group comprehensively analyzed the entire CO2 footprint of the organization for the first time in the base year of 2019. In this context, the emission sources were categorized and considered in the following common categories: all direct emissions (Scope 1); indirect emissions that are generated when creating purchased energy (Scope 2); and all emissions on the upstream and downstream value chain (Scope 3). In 2019, a total of approximately 1,772,000 t CO2e were emitted during the business activities of the Nordex Group, including upstream and downstream processes. Of this, nearly all greenhouse gas emissions fall under the area of Scope 3 at 98.7%, while direct emissions from Scope 1 were just 0.9% and the indirect emissions from Scope 2 make up roughly 0.4% of the entire environmental footprint of the Nordex Group. The analysis of the CO2 footprint forms the basis for the development of a targeted climate strategy, for setting long-term reduction targets and elaborating efficient emission reduction measures. 135 KT CO2E ARE PREVENTED OVER A LIFE CYCLE OF 25 YEARS WITH A SINGLE N149/4.0-4.5 TURBINE 06 09 RESPONSIBILITY IN SOCIETY SOCIAL RESPONSIBILITY IS PART OF OUR CORPORATE IDENTITY. We are a dynamic company that operates in more than 40 countries. Taking on social responsibility even on a local level is part of our corporate identity. We get involved at all locations and promote the development of each region. In harmony with the principles of the “2030 Agenda for Sustainable Development” of the United Nations, we are committed to using global resources responsibly, protecting the climate and improving the living conditions of people in the area. The key in this context is dialogue and sharing knowledge. This is why we concentrate our social commitment on supporting public and private education, initiatives related to renewable energies and climate protection as well as the promotion of social and humanitarian projects and institutions. LEARN MORE 07 09 SUSTAINABILITY RATINGS & ESG SCORES There are various ESG ratings agencies that continuously monitor and confirm Nordex’s sustainability performance. ESG stands for environment, social and governance. The agencies collect information on these topics, conduct research and evaluate us. These ratings encourage transparency concerning sustainability performance in our industry. ESG RATING SCORES (AS OF SEPTEMBER 2021) ISS Oekom CDP MSCI EcoVadis Sustainalytics 08 09 SUSTAINABILITY REPORTS & CERTIFICATIONS Since 2016, the Nordex Group releases an annual report about the latest developments, activities and key figures in the area of sustainability and documents the economic, ecological and social services and progress that are achieved through the sustainability strategy. We have summarized the most important sustainability figures and projects for the 2020 reporting year in the facts brochure. We provide detailed information in our sustainability reports. The content of the reports focuses on the topics identified in the analysis of significant factors, which are summarized into five central areas of action. The sustainability report is audited by an independent auditing form in accordance with the International Standard on Assurance Engagements 3000 (ISAE 3000, Revised). The reports are created in line with the framework GRI standards of the Global Reporting Initiative (GRI) in the “Core” option. PUBLICATIONS Sustainability reports Certifications Division Europe Certificates Division International Guidelines 09 09 LEARN MORE PRODUCTS LEARN MORE COMPANY LEARN MORE CAREER LEARN MORE CONTACT Nordex SE Langenhorner Chaussee 600 22419 Hamburg Germany Tel.: +49 – (40) – 300 30 – 1000 Fax: +49 – (40) – 300 30 – 1101 COMPANY Trade Register: HRB 11500 District Court: Rostock VAT I.D.: DE813076467 NORDEX STOCK PRICE Share € 15.71 / € -0.84 / -5.1 % (Price at least 15 minutes delayed.) © 2021 NORDEX SE PRIVACY IMPRINT VISITORS COVID-19 IN ORDER TO RECEIVE MORE INFORMATION, PLEASE READ OUR PRIVACY POLICY. LEARN MORE ALLOW REFUSE