President & CEO ESG Statement
products we manufacture significantly benefit our planet. This year we made important progress by committing to ESG goals and taking significant action toward achieving them. These goals provide TPI the opportunity to have a meaningful impact on climate change, positively impacting the lives of our associates, their families, and the communities in which we operate.
Although 2020 was challenging, I am incredibly proud of the resiliency of our associates, customers, and suppliers throughout the year. Notwithstanding the many obstacles we had to overcome, we continued to ensure the health, safety, and wellbeing of our associates, their families, and the communities in which they live remained our top priority. During the global pandemic, our safety practices met or
exceeded those recommended by the U.S. Center for Disease Control and Prevention (CDC) and the World Health Organization (WHO), and often exceeded local requirements. We provided Personal Protective Equipment (PPE) and public health education to our associates and their families to help minimize community spread of COVID-19. Many of our facilities also donated PPE and other supplies to hospitals and front-line workers. It was also a year of increased focus on diversity, equity, and inclusion. We confirmed
a vision, built a roadmap, and established key goals focused on improving our overall representation of traditionally underrepresented groups and increasing the feeling of belonging for all global associates.
Thanks to the hard work of our associates, we made progress towards achieving our long-term targets in 2020. We increased our production to an estimated 12 gigawatts, which represented approximately 13% of the global onshore wind energy market. The wind blades we produced in 2020 have the potential to contribute to a reduction in greenhouse gas emissions of 392 million metric tons of CO2 over their average 20-year life span which is equivalent to the use of over 66 million homes’ electricity use for one year in the U.S.
With our commitment to decarbonize the electric sector and electrify the vehicle fleet globally, we continue to improve our own ESG practices and developed the following long-term ESG goals:
- Promote a zero-harm culture focused on eliminating unsafe behaviors
- Achieve 33% women and 33% racial and ethnically diverse persons on our Board of Directors by 2023
- Achieve 25% women in our Global Leadership Team by 2025
- Achieve 25% racial and ethnically diverse persons in our U.S. Leadership Team by 2025
- Become carbon neutral by 2030 with 100% of our energy being procured from renewable sources
We look forward to continuing our ESG journey as we strive to set the ESG gold standard.
CO2 savings from the wind blades sold are calculated as follows: TPI Sold Estimated MWs x 1000 x Total Lifetime Hours x Estimated Turbine Capacity Factor (DOE/IRENA) x IEA emissions factor of 475 g CO2/kWh