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CEO ESG Statement

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We recognize that climate change is one of the most pressing issues of our time, and we are well positioned and fortunate to be a part of the solution. In 2018, as the largest and only independent U.S.-based composite wind blade manufacturer with a global footprint, we accounted for 14% of the overall 50 GW global wind energy market. Through our role in global clean energy growth, we believe TPI delivers planetary benefits. The wind blades we manufactured in 2018 have the potential to eliminate 213 million metric tons of CO2 throughout their average 20-year lifespan, equivalent to emissions from over 45 million cars driven for a year or over 520 billion miles driven.

Sustainability is critical to our overall success, and through our sustainability efforts, we are addressing efficiency and risk management to improve our operations further. We have embedded sustainability practices into our day-to-day operations to safeguard our people and the environment in which we operate.

The success and future of our organization depends on our associates and their safety. Safety is more than a priority at TPI, it is our most important core value. We are committed to enhancing the well-being of all our 12,000+ associates around the world. This is demonstrated in our 60% decrease in recordable and lost time incident rates over the last three years to 0.78 and 0.31 respectively. Our rates are below the NAICS industry average of 2.6 and 0.6 and are key indicators as to the effectiveness of our overall environmental, health, and safety (EHS) program.

At TPI, we view sustainability as more than a target, it is a principle that guides us to continuously improve our business and our impacts.

Carbon Intensity

CO2 savings from the wind blades sold are calculated on the basis of a capacity factor of 30 percent of the megawatts sold, an expected lifetime of 20 years, and the latest updated standard factor from the International Energy Agency of average CO2 emission for electricity in the world, at present 490 grams of CO2 per kWh.

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