Sustainability Report - GOLDWINDgoldwindglobal.com/images/about/duty/report/2018.pdf ·...

2018Sustainability Report

Preserving Blue Skies and

White Clouds for the Future

Xin

jian

g G

old

win

d S

cien

ce &

Te

chn

olo

gy C

o.,L

td. S

usta

ina

bility R

ep

ort 2

01

8in iang Gold ind Science Technology Co , td

No. 107 Shanghai Road, Economic & Technological Development District, Urumqi, Xinjiang

Tel：+86-（0）991- 3767402 Fax：+86-（0）991- 3762039

Post code：830026

Bei ing Gold ind Science Creation indpo er E uipment Co , td

No. 19 Kang Ding Street, Economic & Technological Development Zone, Beijing (first- phase project)

Tel：+86-（0）10- 87857500 Fax：+86-（0）10- 87857529

No. 8 Bo Xing 1st Road, Economic & Technological Development Zone, Beijing (second- phase project)

Tel：+86-（0）10- 67511888 Fax：+86-（0）10- 67511983

Post code：100176

About the ReportScope

Reporting Reference

Reporting Commitment

Data Specification

Report Availability

Reporting Frequency

This report discloses the work of social responsibility carried out by Xinjiang Goldwind Science & Technology Co., Ltd. (hereafter referred to as "Goldwind" or "the Company") from January 1, 2018 to December 31, 2018, as well as its commitment to sustainable development. Some contents where appropriate are traced back to previous years.

The report covers Goldwind and its subsidiaries.

The report was compiled basing on Hong Kong Stock Exchange’s Environ-mental, Social and Governance Reporting Guide, Shenzhen Stock Exchange’s Social Responsibility Guidelines for Listed Companies. It also draws extensive reference from the Global Reporting Initiative’s (GRI) Sustainability Reporting Guidelines, International Organization for Standardization (ISO) 26000: Guide-lines for Social Responsibilities (2010) and other related documents.

This Report was examined and approved by Goldwind’s Board of Directors. It has been guaranteed that the reported contents do not contain any false in-formation or misleading statement.

All financial data disclosed in the report is obtained from the Company’s An-nual Report, while other data is obtained from the Company’s official docu-ments and related statistics. Unless indicated otherwise, any financial data in the report is expressed in RMB.

This Report is available in both Chinese and English. Should there be any in-consistency between the two versions, the Chinese version shall prevail. The report is published in both printed and electronic formats. To view this report, please visit Goldwind’s website at www.goldwind.com.cn, www.cninfo.com.cn, or Hong Kong Stock Exchange’s website at www.hkexnews.hk.

This is an annual report. The report of the previous year was issued on March 23, 2018.

02 03

Xinjiang Goldwind Science & Technology Co., Ltd. Sustainability Report 2018

CONTENTS

bout t e e o t

e e om t e C ai man

bout

u tainable e elo ment ana ement

Prospect

Pe o mance ndicato

nde

nde endent u ance tatement

eedbac o m

Corporate GovernanceResearch & Development

Products and Services

Environment

Employees

Supply Chain

Community and Public Benefit Com liance ana ement

i ana ement

n co u on

i t and nte e t on e to

ana ement Ba ed on Science and Technology nno a on

Product and Technolog-ical nno a on

i in t e e elo -ment o t e ndu t y

Quality and Safety of WTGs

P o idin eliable een Power

e a on and ain-tenance e ice

ate eatment

Coping with Cli-mate C an e

tili ation o ne -y and e ou ce

mi ion and a te ana ement

colo ical n i on-mental P otec on

ai and tanda d m loyment

i e ity o m loyee

ainin and e elo ment

ealt and a ety

m loyee Ca e

e on ible P ocu ement

Green Supply Chain

in in Coo e a on aintainin elation i it t e Community

u o n Community e elo ment

e ea C a itable o

04 05


Letter from the ChairmanHaving strived hard for 20 years, we never give up; having pursued our dream for 20 years, we have not changed our cause.

Born in the era of China's economic reform and the wave of global renewable energy revolution, Goldwind has walked past its 20th year in 2018. In 20 years, Goldwind has been carrying the mission "Preserving Blue Skies and White Clouds for the Future”, continuing its innovation in the field of wind power. Its growth from a wind turbine manufacturer and de-veloper to a global, comprehensive solution provider in clean energy, energy conservation, and environmental protection reflected the history of development and transformation of China’s wind power industry.

Opportunities or challenges it faces, Goldwind has never changed its initiative and has always devoted to the envi-ronment and society. It has always adhered to the goal of improving wind power efficiency, popularizing green ener-gy and serving for human society. By the end of 2018, the Company’s accumulative global installed capacity is above 50 GW, with annual electricity generation of 100 billion kilo-watt-hours (kWh). The impact is equivalent to annual reduc-tion of 102.36 million tons of carbon dioxide emissions when compared to fossil-fuel fired energy generation.

2018 is key to global energy transformation. China has em-phasized the policy of green energy development, and is committed to promoting green development and energy transformation through industrial innovation. Within this con-text, the Company continues with technological innovation, industrial ecology optimization, and integration of advanced technologies such as big data and artificial intelligence. The company launched smart Wind Turbine Generators (“WTG”) and accelerated the development of distributed wind power in order to create opportunities for the production and utili-zation of high-efficient green energy, thereby driving a shift in energy usage pattern and motivating the growth of smart energy globally.

As a global corporate citizen, Goldwind adheres to trans-parent and regulated operation, interacts with stakeholders through good business practices and focuses on balancing environmental and social needs when developing itself, striving to achieve sustainable development with various parties. The emphasis on environment and social impact management has paved way for the sustainable development

of the Company in the future. In order to reduce energy con-sumption and emissions of WTG component manufacturers during production process and to propel the transformation of the entire wind power industry, the Company was the first in the industry to launch “green supply chain” project to provide smart energy solutions for its suppliers. Through the construction of energy efficiency management platform and development of distributed clean energy, Goldwind took up a leadership role in assisting suppliers in saving energy and reducing emissions. By the end of 2018, the Company has signed the Green Supply Chain Strategic Cooperation Agree-ment with 20% of its supply chain corporations and has been widely recognized and supported by suppliers. In the future, the Company will create more sustainable development proj-ects, and further promote corporate social responsibility and sustainable development with its own influence.

Goldwind has always cared for the society. As a corporation originating from Xinjiang, it has assisted in the development of poverty-stricken areas in Xinjiang, supported local educa-tion, participated in public infrastructure construction and improved the community environment. Whenever a wind farm is built, the Company carries social responsibility to the local area and brings hope to the community. In addition, the Company has responded to the United Nations Global Sustainable Development Goals(SDGs), combining the aims of the global sustainable development with its own strengths and experience to contribute to the resolution of the world's most urgent and critical environmental issues.

Although there will be unknowns in the future, Goldwind will not back off from its commitments to the environmental and social development. In the trend of global green energy transformation and increasing demand for economical, green and reliable electricity, the Company will keep up with its spirits and enthusiasm. It will continue to create innovative technologies and provide better-quality wind power products and services, bravely embracing the future, accepting chal-lenges, and adding momentum to the global green economy.

20-year is a milestone, also a brand-new start. Let us look for-ward to the future and pursue our dreams. I also hope that all stakeholders will continue to pay attention to and support the development of Goldwind, and work together with us to create a brighter future.

Chairman

Wu Gang

What distinguishes a good enterprise from a great one is that, while a good enterprise can persistently develop high-quality technology and products to create benefits and value for its clients, a great enterprise will strive to make our world a better place in addition to achieving the former.

06 07


81.4 28.7 3.2 1.46

8,753

About UsCompany Introduction

Xinjiang Goldwind Science & Technology was founded in 1998 in Urumqi, Xinjiang and was restructured into a limited company in 2001. The Company was listed in Shenzhen Stock Exchange (SZEx: 002202) in December 2007 and was listed in Hong Kong Stock Exchange (HKEx: 02208) in October 2010.

The Company is primarily engaged in the development and manufacture of wind power equipment, wind power service, wind farm investment and development, water treatment business, etc.. With its extensive experience in Research & Development (R&D), WTG manufacture and wind farm de-velopment, the Company not only provides high-quality wind power systems, but also meets the needs of its clients along-side the industry chain by providing wind power service and wind farm development solutions. While consolidating its core business, the Company actively expands other renew-able energy and environmental protection businesses, and is committed in becoming a top runner in clean energy and energy-saving solutions.

The company adopts Permanent Magnet Direct Drive (“PMDD”) technology. To meet rapidly-growing and diversi-fied needs of clients, the Company continuously completes and refines its technologies. It now owns a series of 1.5MW, 2.XMW, 2.5MW, 3.0MW(S) and 6.XMW PMDD WTGs that are adaptable to various external conditions, such as high and low temperature, high altitude, low wind speed, and coastal area. By the end of 2018, the Company’s cumulative installa-tions in the world are over 50 GW. Its cumulative installations in China are over 48 GW; annual installations are above 6.7 GW; market share is 32% and is ranked number 1 in Chinese market for 8 consecutive years. According to 2018 Global Wind Turbine Market Shares published by Bloomberg New Energy Finance (“BNEF”), Goldwind was ranked number 2 in global market shares.

Total Asset Value

Total Global Installed Capacity

Revenue

Market Share Ranking of Global WTG Manufacturers

Net Income Attributable to Shareholders

Domestic Market ShareRanking

Tax Payments

Total Number of Employees

RMB billion

50 GW

RMB billion

2 No. 1

RMB billion RMB billion

> No.

08 09


08 09

Canada

United Kingdom

Poland

Spain

Egypt

Argentina

Brazil

Romania

Turkey

Cyprus

United States

Cuba

Panama

Ecuador

Bolivia

Chile

Chicago, United States

Ethiopia

Germany

France

Copenhagen, Denmark

Germany Neunkirchen,

Australia

Thailand

Pakistan

Uzbekistan

Kazakhstan

Business Distribution

elyin on it t on e ea c and de elo ment ca abili e and le e a in on it inte na onali a on t ate ie old ind o-ide com e en i e olu on to clean ene y en i onmental otec on and ene y a in to el cu tome in e lo in alue in

ene y e a in ele ant ene y t ate ie and ma in it an a o dable eliable and u tainable a et o eo le o ld ide

10

6

7

24

52ui ment anu actu in

Sites

Bu ine Co e a e

lobal Cente

Bu ine Co e a e

ate eatment Plant

con nent countries

WTG Manufacturing

Wind Farms

Water Treatment Plants

R&D Institutions

Xinjiang Goldwind Science & Technology Co., Ltd. u tainability e o t

10 11


Our Strategy Corporate Culture

With its mission “Preserving Blue Skies and White Clouds for the Future”, Goldwind is committed to becoming a global leader of clean energy and comprehensive solution provider of energy conservation and environmental protection. In this critical timing of energy transformation, opportunities and challenges coexist. Whilst building its strategic core business, the Company continues to explore and incubate businesses in new areas, expanding its business to the entire wind power industry chain. It also continues the “offshore and overseas” strategy and forms four major business sec-tors: onshore wind, offshore wind, overseas wind, and wind

power service, providing a full life cycle solution for wind farm business. In addition, it continues to create the net-work of "source - grid - load" in the industry chain, providing customers with user-end integrated energy services such as electricity trade, energy management, and energy saving. With its development in water treatment technology, water treatment engineering and Internet of Things (“IoT”) capabil-ities, it also provides overall smart water treatment solution and operates water treatment assets efficiently.

Goldwind’s corporate culture is the fruit of the Company’s accumu-lated wisdom and the inner force of the Company’s steady develop-ment. The Company upholds the notion “Creating Values for a Life Achievement” and strives to create an active, healthy and energetic organizational culture. It aims to inspire every Goldwind member to discover and create value in his or her work so as to fulfil both the Company’s goal as well as one’s own career.

Mission

Customer-oriented

Pioneering

Action Follows Words

Modesty, Openness and Collaboration

Respect and Trust

Vision

Strategic Planning

Preserving Blue Skies and White Clouds for the Future

Becoming a global leader of clean energy and comprehensive solu-tion provider of energy conserva-tion and environmental protection

Wind power industrial chainSmart energy networkWater treatment and environ-mental protection

Strategic Measures

Digitalization Internationalization Diversification

Provide customers with digital prod-ucts and solutions, with emphasis on digital wind farms, online energy network, and wholly excellent in-dustrial chain. Extend smart water treatment solutions. Digitalize busi-ness, products and management.

Continually enhance the core com-petence of international business with focuses on three business pat-terns: sales, invest-build-transfer, and service. Stabilize investment scale, expand WTG sales and ser-vices business, and explore the overseas market of distributed en-ergy and micro-grid.

With the aim of establishing a mod-ern energy system, promote large-scale development of various busi-nesses. Incubate innovative business and transform startup business into strategic, major business.

Customer focus is fundamental to a company's survival. The Company insists that all employees stay in touch with the market, gain insight into customer needs, work with customers and ma-ture ourselves while helping clients succeed.

The Company encourages making breakthroughs, opening up minds, pi-oneering, and innovating. It also stimulates the discovery and creation of value through insights from experiences and innovation from practices.

The Company disagrees with too much talking but few actions and encour-ages value-creation through actual practices.

Goldwind people are modest, kind, and open-minded. The Company always en-courages its staffs to learn from customers, business competitors, and outstanding enterprises.Only by being humble can a person face future challenges; only by being open and aspirational can a person make breakthroughs. Goldwind people are aware of their limitations so as to explore possibilities and to grow. The Company insists on realizing its goals through cooperation with customers. It firmly believes that to help others succeed is to help oneself succeed.

Respect lies in the way one treats people. It is our pursuit to let Goldwind people live and work with dignity. Respect is also reflected in Goldwind’s adherence to truth and rules and discard of power or hierarchy bias. The key to successful business is credibility. The Company has always committed to cre-ating a trustworthy work environment through actions so that corporations, employees, suppliers, and customers become a credible and integrated group.

12 13


Awards or Honors Dispatching organization

2018 Global Challengers 100 Boston Consulting Group (BCG)

Fortune China 500 Fortune China , CICC Asset Management Department

Climate Leader Plants Energy Foundation

2018 International Clean Energy Enterprise of the Year

International Clean Energy Forum (Macau), China-ASEAN Center, ASEAN En-ergy Center

Energy Decade: Innovative Equipment Enterprise Award Energy Magazine

2018 National Excellent Wind Power Equipment and Material Supplier China Investment Association

Most Honored Company & Best Investor Relations Company in All-Asia (ex-Japan) Institutional Investor (U.S.)

2018 China Energy Enterprise Innovation List · New Energy Manufacturing Beijing NengApp

China Quality Award Nomination State Administration for Market Regulation

Award for Fastest-growing Public Company in New Energy IndustryChina Top 25 Technological Innovation Public Com-pany Brand Value List

National Business Daily

“SNEC Top 10 Highlights” Gigawatt-level Gold Award Asian Photovoltaic Industry Association (APVIA), China Renewable Energy Society (CRES), etc.

Outstanding Enterprise Award for Meteorological Services China Meteorological Service Association

2018 China Offshore Wind Power Industry Promo-tion Award

China Electrical Equipment Industry Association Wind Power Equipment Branch, China Electrotechnical Society Wind Power Technology Committee, East Wind Power Net

Pilot Business for National Supply Chain Innovation and Application

Ministry of Commerce, Ministry of Industry and Information Technology, Ministry of Ecology and Environment

Clean200™ ListAs You Sow (U.S. NGO),Corporate Knights (Canadian market research company)

2018 Golden Wings Award – Company Value Rank of Hong Kong Connect Securities Times

Top 50 of China CSR Brands China Association of Social Workers – Corporate Citizen Committee, CCTV, Tencent Foundation

Best Board of Directors, Best New Media Award Securities Times

2018 Golden H-Share Best Investor Relations Man-agement Public Company Zhi Tong Cai Jing

Major Awards and Honors SustainableDevelopmentManagement

Goldwind puts its existence and development within the framework of global sustainable development, marching towards businesses that benefit the environment and society. Through wind power equipment R&D, manufacture, wind power services, wind farm investment and development as well as water treatment, the Company is committed to helping community solve energy-related and environmental problems. In this process, the Company effectively manages business decisions and their impacts on the environment and society through transparent and regulated operations. It strives to achieve sustainable development together with its stakeholders, actively utilizing its unique business advantag-es and resources to contribute to the solutions of global issues such as poverty and envi-ronmental degradation.

In order to improve the management efficiency and standard of sustainable development, the Company has established and gradually improved the sustainable development work system. It established the sustainable development organization system, refined relevant mechanisms, initiated internal and external dialogues and capacity-building, and mixed sustainable development concepts with daily business. In 2018, the Company launched 8 new employee social responsibility training sessions that involved more than 800 new employees, spread sustainable development concept within the Company, and guided em-ployees to understand the relationship between sustainable development and their work positions.

Goldwind’s sustainable development organization system consists of the Sustainable De-velopment Management Committee, the Sustainable Development Office and the Sustain-able Development Taskforce. The Sustainable Development Management Committee is the highest decision-making body of the Company’s social responsibility and sustainable devel-opment management. It comprises primary leaders of the corporation and is responsible for guiding the Company’s social responsibility and sustainable development strategies, solving critical problems of implementations, and ensuring that such strategies and other social or environmental appeals are included into its decision-making process. The Sustain-able Development Office consists of department heads whose duties are primarily relevant to the issue, and corporate social responsibility professionals. It provides professional support and action plans for the Company to promote sustainable development. The Sus-tainable Development Taskforce is set up according to specific projects of concern and is responsible for implementations.

Sustainable Development Organization System

Sustainable Development Management Committee

Sustainable Development Taskforce

EnvironmentalManagement Taskforce Green WTG Taskforce Employee

Care TaskforceCommunity

Charity TaskforceProcurement

Responsibilities Taskforce

Sustainable Development Office

14 15


Stakeholders Major Concerns or Expectations Response

Shareholders and creditors

Sustainable profitabilityRegulation of corporate governanceDisclosure of business informationEnhance the profitability to reward shareholders

Enhance our business management capacityStrengthen management of debt risk Optimize internal management system of compli-ance risk Timely disclosure of informationOrganize shareholders' meetingReasonable profit return

Clients

Honour and integrityHigh-quality productsExcellent servicesRespond to client concerns

Strictly implement requirements set forth in contractsStrengthen management of product qualityOffer varied and high quality productsOffer excellent servicesImprove the procedure to handle client complaints

Employees

Legal interests protectionSalary and welfare guaranteeHealth and safety protectionDevelopment platform building

Equal and standard recruitmentSet up staff committeeAppropriate salary and social insurance payments in a timely mannerImprove talent development channelsOffer competitive salariesOffer diversified welfareOffer healthy and safe work environment

Supplier and otherpartners

Transparent procurementHonest contract performance and integrityWin-win cooperation

Open and fair purchaseTimely payment for goodsSupport the healthy development of suppliers

CommunityProtection of local environmentSupport of community developmentCharity and welfare

Carry out energy conservation and emission reduc-tion actionsProtect ecological environmentSupport public affairs of the communityCarry out charity activities within the community

GovernmentFollow laws and regulationsDrive local economic developmentTax payments

Follow laws and regulationsPay taxes according to lawOffer job opportunitiesDrive development of related industries

Financial institutions,R&D institutions, media, etc.

Common developmentInformation disclosure

Carry out strategic cooperation Strengthen industry, university and research co-operation Organize activities such as visit, meeting, etc.

Sustainable Development Communication Stakeholder Engagement

In addition to everyday business communication and exchange, the Company also communicates with stakeholders with regard to its own sustainable development work. While broadcasting sustainable development concepts to these stakehold-ers, the Company at the same time obtains advices and opinions from these external stakeholders, including social responsi-bility professionals, regulators, etc., in order to improve the quality of work.

Engaging in stakeholder communication is a crucial part of Goldwind’s sustainable development management. The Compa-ny accurately identifies stakeholders and communicates with them through meetings, regular visits, surveys, etc., to under-stand their expectations and demands. Then the Company takes measures and tries it best to meet such demands.

The Company hosted a research seminar “Power Company CSR Implementation Guide: National Standard Development and Pilot Application”, sharing its experience in management and practice

The Company’s 2018 Sustainability Report was awarded the “GoldenBee CSR Report - Supplier Information Disclosure Award” at the 11th China Corporate Social Responsibility Report International Symposium

The Company compiled the CSR case study “Building A Green Supply Chain and A Green Wind Power Industry Chain” that was included in the China Electricity Council’s Model Cases of Power Company CSR (2018)

Goldwind in the 11th China Corporate Social Responsibility Report International Symposium

National Standard Research Group for Power Company CSR visiting Goldwind

In 2018, the Company (H shares: 2208) became a constituent of MSCI ESG Leading Indexes. One of the key global indexes in CSR investment, this index is created by the U.S. company ,MSCI, and constituents are companies with excellent ESG results

As one of the 50 best-performing A-share companies in ESG, the Company was included in China’s SGCX ESG50 Index for the second year

The Company became a constituent of Hang Seng Corporate Sustainability Index and the Hang Seng A-share Sustainable Development Index for the second year after September 2017

Through its long-term development and value creation capability, the Company was admit-ted by Social Value 99 Index, the social value index jointed published by WIND and China Alliance of Social Value Investment

16 17


17

Identification of Key Aspects

n t e ba i o inte nal and e te nal ta e olde e ecta-tion it bu ine co e and lobal u tainable de elo -ment and it e e ence to dome tic and inte national C tanda d uideline ini a e a ell a e ula on on t e de elo ment o ind o e indu t y a total o to ic i ue conce nin t e Com any economic ocial and en i onmental im act t at a e o im o tance to ta e olde deci ion e e iden fied e bein e ie ed

by t e Com any mana ement and bein ad u ted acco d-in to u ey ta e olde illed out all t e i ue to be

disclosed in the u tainability e o t e e confi med

n ecembe t e Com any i ued to it ta e olde a ue onnai e conce nin to ic to be co e ed in t e u -tainability e o t and ecei ed eedbac and u e on

om in e to cu tome em loyee and u lie to-tal o alid ue onnai e e e collected

nuence

on ealua

on and deciion o ta

eolde

i

iLow

n uence on c ea n ma imi ed com e en i e alue o economy ociety and en i onment o t e Com any

Community communica on and a ci a on

Co in it climate c an e

Quality of WTGs

Client e ice

ccu a onal ealt and a ety

u ly c ain mana ement

and nno a on

m loyee de elo ment

colo ical ci ili a on con t uc on

i in indu t y de elo ment

a te mana ement

n co u on

Corporateo e nance

m o ement o ate en i onment

ai and tanda d em loyment

ne y a in and di c a e educ on

Charity

Matrix for the material aspects of the 2018 Sustainability Report of the Company

18 19

Corporate Governance

Research & Development Environment Supply Chain

Products and Services Employees Community and Public Benefit Xinjiang Goldwind Science & Technology Co., Ltd. Sustainability Report 2018

01 CorporateGovernance

United Nations Sustainable Development Goals Supported

old ind a e tabli ed a obu t an co u on y tem t a e no e o t in ai in ublic a a e-ne a ain t co u on and in e andin it t ainin o am t a et u com laint c annel and t i e to c eate a t an a ent and ealt y o en i onment

a li ted com any on bot on on and en en toc c an e o e t e yea old ind al ay u old inte ity one ty and com liance in it bu ine e and o e a on con nuou ly u adin it co o ate o e -nance and inte nal mana ement le el and c ea n alue o a e olde and t e ociety u tainably

P22

20 21




8

3

5

21

RiskManagement

ComplianceManagement

Goldwind strictly abides by requirements of laws and regulations and standardized docu-ments such as the Corporate Law, Securities Law, Governance Standards of Listed Compa-ny, Corporate Governance Codes, Articles of Association. It works on governance structure, formulates a modern corporate system, and standardizes company procedures to ensure healthy and orderly operations of various production and business activities.

When the Company selects a board member, it considers the diversity of board in terms of various factors such as professional experience, skills, knowledge, age and gender. As of 2018, the Company added 1 female director. Female members accounted for 11% of the total number of board members.

The meetings of shareholders, the Board of Directors, the Board of Supervisors and the Special Committee of the Board are responsible for reviewing major matters related to development of the Company. In 2018, the Company held 8 Board meetings and reviewed 62 proposals including the annual report, profit distribution plan, etc.. The Company held 3 shareholder meetings and reviewed 21 proposals.It also held 5 meetings of the Audit Committee, 1 meeting of the Nomination Committee and 1 meeting of Compensation and Assessment Committee.

Please refer to the “Corporate Governance Report” section of the 2018 Annual Report (H-shares:2208) or the “Corporate Governance” section (A-shares: 002202) of the report for detailed information about the Company’s governance.

The Company strongly adheres to honesty credibility and compliance. It fulfills the obliga-tions of a listed company and continuously improves its compliance system with daily con-sultations, major issue assessments, compliance training and inspection, accepting feed-backs and suggestions to improve itself, as well as amending the Articles of Association , Fundraising Governing Mechanisms in accordance with relevant rules and regulations. It has also revised the Compliance Manual according to rules and practices of Shenzhen and Hong Kong Stock Exchange to provide legal compliance support for its businesses to reduce management risks. In addition, the Company tailor-makes compliance training materials in accordance with different characteristics of subsidiaries, providing them with multiple training sessions and promotional activities throughout the year, thereby enhancing their compliance awareness and capabilities and raising the overall quality of management.

Building on top of the standard management systems of ISO9001, ISO14001 and OHSAS18001, the Company further improves its risk management and internal manage-ment systems. It has formulated policy documents such as Fundamental Governance for Internal Business Operations and Risk Management System, covering different business sectors and management segments. The Company also conducts risk control and major risk management assessments every year, emphasizing efficiency and behavioral compli-ance. In 2018, the Company compiled the Risk Management System Plan and coordinated all-level risk management goals, countermeasures, and assessment criteria to increase risk management capabilities, on top of integrating risk management, standardization manage-ment and lean management.

Merging

Assimilation

Integration

Merging management approaches such as internal monitoring, standardized management, lean management etc. to exert complementary advantages on tasks such as target setting, division of labor, prevention measures & imple-mentation procedures, thereby increasing overall management efficiency

Covering all business aspects and assimilating into various management el-ements,e.g. annual budget planning, project investment approval, tender & procurement assessment etc.. Evaluating risks and formulating solutions at the time of decision making

Integrating corporate culture with its robust operational style to demonstrate values of the Company

Board Meetings

Shareholders’ General Meetings

Audit Committee Meetings

Risk Management System

The Company's Governance System

Shareholders' Meeting

Board of Directors

Business Units

Board of Supervisors

Audit Committee NominatingCommittee

Compensation andAssessmentCommittee

StrategicDecision Committee




20

700+

Anti-Corruption

Rights andInterests ofInvestors

Under the guidance of the Board of Direc-tor Audit Committee, the Company has set up an independent audit department to monitor and tackle corruption. The Company has a robust anti-corruption system which assesses the effectiveness of the regulations in preventing corruption through the internal audit department. It has also set up mechanisms to restrain operations in risky and key areas where corruption is most likely to occur. In 2018, no legal proceedings related to company corruption were recorded.

The Company adheres to the principle of transparency and legal compliance in its operations, regarding credibility, righ-teousness, integrity and self-discipline as the fundamental ethics of all employees. It has compiled the Regulations against Bribery in Work, clarifying the concept and format of bribery, listing preventive measures and mechanisms for reporting and investigating, as well as stipulating corresponding remedies and penalties. It has complied the Sunshine Convention, Employee Ethics & Code of Conduct to ensure that staff abide by business ethics, encouraging healthy and orderly inter-action between employees and business partners. Goldwind employee Pledge and Reward & Penalty Management System helps to guide and regulate employee behavior, preventing corruption from

occurring. The Company also regularly surveys employees’ understanding of the compliance culture, collects perspectives on anti-corruption related issues, commu-nicates with industry peers, and improves anti-corruption policies to ensure that it matches up to the level of business devel-opment.

In 2018, the Company carried out an in-depth analysis of its business operation to pinpoint the weaknesses in management. It strengthened anti-corruption supervi-sion in terms of procurement, project con-struction, investment and development etc., and proposed recommendations to raise working standards. It increased the frequency of anti-corruption training and promotion sessions, expanded the scope of training, designed differentiated train-ing contents and activities to cover key management personnel, newly promoted leaders and new employees. Roughly 20 anti-corruption sessions were conducted throughout the past year, covering more than 700 employees.

The Company publishes on its official web-site, work venues and digital platforms the channels through which complaints and reports can be made. It has designated staff to handle these complaints and re-ports, and guarantees measures to protect the employees or other personnel who are involved in the investigation.

As a company listed on both the Shenzhen and Hong Kong Stock Exchange, Goldwind has always adhered to the principles of fairness, justice, openness and information disclosure consistency across the two ex-changes. It continues to refine information disclosure system and releases company information in a timely, accurate and com-plete manner. It strictly follows the Rules and Regulations for Listed Companies, con-forms its decision-making procedures and protects the rights of investors, striving to create sound business returns for their investment. As of 2018, the Company was rated A (Excellent) in the annual informa-tion disclosure assessment for companies listed on the Shenzhen Stock Exchange.

Being part of the new energy business and facing frequent policy changes and fierce market competition, it is difficult for investors to keep abreast of the latest in-dustry developments and the competitive advantages of the Company. Therefore, in addition to online interactive platforms, telephone, mail and on-site communi-cation, the Company actively conducts

roadshows, online results conference, specialized policy briefings and reverse in-vestor roadshows etc. to communicate its business performance, major policy chang-es and other major events to its investors. It also utilizes new media such as WeChat official accounts to publish corporate news from time to time, bridging communica-tive platforms with domestic and foreign investors.

In 2018, the Company issued 4 regular reports, 77 A-share announcements and 153 H-share announcements, of which 81 were in both Chinese and English. The Company organized overseas roadshows twice, reverse investor roadshows twice, and online reception day twice. It also participated in five sell-side summits. Throughout the year the Company orga-nized 83 communicational meetings, 6 global conference calls, 2 on-site visits to wind farms, and met with 1,068 investors in total. It responded to all the questions investors have raised via IR platforms, email and hotline.

Goldwind Anti-corruption Hotline: +86-(0)10-67511888-1127

E-mail: [email protected]

Address:

Audit & Legal Department, Goldwind Science & Technology Co., Ltd.

No. 8 Boxing Yi Road, Economic & Technological Development Zone, Beijing

Post Code: 100176

Anti-corruption Talks throughout the Year

Employees covered

4

100 1,068

153Regular reports published

Investors’ questions answered

H-share announcements published

Investors attended to by IR officers

23232222

02


Research &Development

old ind i leadin t e indu t y it inno a on e oduced a e able to ada t to ty oon t unde to m e t eme tem e atu e and ot e inclement eat e ey a e al o e ui ed it en i-onmental eatu e uc a noi e mi a on bi d otec on and li t ado ic e in cont ol

old ind oac ely conduct tec nolo ical inno a on to omote t e de elo ment o t e ind o e indu -t y t inte ate tec nolo ie uc a bi data and a ficial intelli ence to c eate e e ience in t e oduc on and u li a on o e cient een ene y c an in t e ay uman ac ui e ene y and o ellin t e con nual

o e ion in t e o ld o ma t ene y

P28

26 27




15.7714.73

13.85

2016 2017 2018

5.25%

5.86%

2016 2017 2018

5.49%

28.81%

34.41%

2016 2017 2018

35.78%3,1322,881

2,080

2016 2017 2018

26 27

7

35.78

ManagementBased onScience and Technology Innovation

The Company emphasizes technological innovation. It constantly seeks to im-prove the current system by exploring and optimizing innovative procedures and approaches in management, striv-ing to enhance its original and integral innovative capability. The Company has always been developing innovative wind power technologies to keep up with market and customer needs in order to provide them with superior products and services. Steered by the Chairman of the Board, the Company comprises a Strate-gic Innovation Committee which explores and supports innovative businesses, and provides full support and services. The Company adopts an authorization man-agement system consisting of three lay-ers: the corporate level, the unit level and the micro-innovation level. By providing a platform for creative projects and assist-ing in the incubation and transformation to results, the Company aims to invent

world-class technologies and products with its own intellectual property rights and to lead industry development.

The Company has set up 7 major R&D centers around the world. They are locat-ed in Beijing, Urumqi, Yancheng, Wuxi, as well as Denmark, Germany and the Unit-ed States. These centers are responsible for production and operation support, new product development, technology and test management etc., providing technical support to the Company inter-nally while meeting the needs of indus-trial development. In order to further strengthen its research and development capability, the Company actively seeks co-operation with research institutes, higher academies or outstanding corporations, soliciting complementary support to jointly conduct activities such as research or results promotion, and the establish-ment of a global wind power innovation network.

Number of R&D personnel

R&D investment (100 million RMB)

R&D personnel as proportion of total employees

R&D investment as proportion of revenueIn November 2018, Goldwind Laboratory was approved to join Intertek's Satellite Pro-gram. Goldwind is a domestic wind power manufacturer to join this plan in an early stage

Some collaborative innovation projects

Joint research on ultimate wind load with the Technical University of Denmark

Joint research with North China Electric Power University on special-ized technology of Goldwind’s high-power PMDD generators

Established long-term collaboration and signed a Memorandum of Co-operation with the University of New South Wales

Joint research with Beijing Aerospace Measurement and Control Tech-nology Company on developing portable synchronous WTG equipment

Worked with Beijing General Certification to jointly build a high-end laboratory to carry out research on pioneering technology of the wind power industry

R&D Centers established

R&D personnel as proportion of total employees

%

In 2018, the Company held the 6th Technological Innovation Awards Con-ference, evaluating and awarding over 1,555 innovations with RMB 14.45 mil-lion bonus.

28 29




Product and Technological Innovation

The Company combines innovation with wind power industry and actively researches on key and major R&Ds in the industry. It introduces big data, IoT, cloud computing and other technologies

to drive digitalization and customization of WTGs, and has achieved major break-throughs in high tower, long blade, and large-capacity and smart-WTGs.

As one of the earliest companies in Chi-na’s wind power equipment R&D and manufacturing industry, Goldwind has profound knowledge with regard to LCOE. It emphasizes on, and continues to re-duce the full life-cycle wind power LCOE. Relying on robust production and supply chain facilities, a highly intelligent manu-facturing system, an automated, digitized and standardized management system plus a large logistical and transportation network, the Company manages to de-

liver high-volume and high-quality wind power products within a short period.

Whilst ensuring performance of WTGs in its life cycle, the Company leverages its advantages in R&D and technology to develop independent innovative technol-ogy products, enhancing the efficiency of wind power projects in terms of design, construction, and operation, thereby maximizing power production with the least possible cost.

With the development of artificial intelli-gence, big data, cloud computing and IoT, the Company weaves such new technology into traditional WTG to create smart WTGs that can sense the external environment and recognize its own status, thereby exerting control and engaging in collabo-rative decision making. In other words, it enables WTG to exert a certain degree of “thinking” ability.

Using radar system in windspeed measure-ment and control technology, the WTGs can accurately detect wind resources in front of the wind wheel rotating plane.

Then through the control system,WTGs issue commands to adjust. By employing advanced sensors and GPS, the Company collects real-time deviation parameters of WTG key components like displacement, inclination, sinking etc. during their op-eration, providing reference information for the entire control system. Moreover, by integrating new data technologies like big data and cloud computing, Goldwind develops algorithms that can assist in the optimization of WTG and monitoring of potential problems of wind farm.

The Company continues to increase its innovative investment in 2018. Four smart WTG models were launched: GW168-8MW offshore large capacity unit, GW184-6.45MW off-shore large impeller unit, GW168-6.45MW offshore typhoon-adaptive low wind speed unit, and GW155-3.3MW onshore low-to-medium wind speed unit, all equipped with high-er power generation capacity and more reliability and grid adaptability.

Optimize Levelized Cost of Energy (“LCOE”)

Smart WTG

Smart WTG Features

In the context where wind power steps towards true parity, Gold-wind will continue its competitive-ness of the entire industry chain and commit to providing custom-ers with fast, accurate, cost-effec-tive, environmentally-friendly and comprehensive solutions, leading the industry to technological progress while at the same time further enhancing the cost com-petitiveness of wind power.

——Wu Gang, Goldwind Chairman

Detection: Employ all kinds of advanced sensors to conduct deep perception of external envi-ronment and WTG status and behavior

Self-recognition and Control: Evaluate surroundings, status and performance through acquiring sensor information and further self-adjust, adapt and control

Collaborative Decision Making: Make collaborative decisions at the levels of single wind farm, wind farm group and energy network to ensure optimal performance of the entire system

Some innovative technologies

Wind Farm Design& Planning Phase

Wind FarmConstruction Phase

Wind FarmOperation Phase

Mid-Scale Meteorological Data Simulation TechnologyUses big data technology to analyze meteorological data within the wind farm to forecast features such as wind power, temperature, natural disasters etc., ensuring the layout of the WTG can utilize the most of wind resources

3D High Precision Model Simulation Technology by DronesUses drones to make precise 3D models and to accurately identify wind farm landscapes in order to create the most correct and realistic simulations

Surface Object Rapid Identification AI TechnologyUses AI to identify limiting factors such as houses and ponds within the wind farm with precise drone data and high-discrimination satellite data to avoid the layout of turbines not fulfilling the actual scenario

BIM 7D Dynamic Visualization PlatformCreates 3-dimensional VR pictures to demonstrate the complete construction of the wind farm. The platform possesses the 4 functions of progress, cost, quality and safety management; by determining precise plans with the above factors, it can fine manage production progress, lower project costs and increase building efficiency

EFarm Laser-Radar Smart Control TechnologyUses laser radar wind speed sensors to precisely predict wind flow data, proactively optimizing the WTG in ad-vance. It can effectively reduce loading of the WTG key parts by 5-10%, increase WTG generation performance, lower project investment and increase returns

The POWERNEST™ SystemAs the control system of the wind farm, it can manage data and status of various sensors, collaborate on over all control of the wind farm, increase power generation capacity of the entire farm and hence improve environ-mental friendliness

30 31


178

151

127

2016 2017 2018

3

7

2016 2017 2018

11

31

1,826

1,335

819

2016 2017 2018

203

363

2016 2017 2018

520

30

The Company has accumulated profound results of technological innovations in its development. In order to protect these in-novations and encourage development of innovative work, the Company has set up an intellectual property management office. It is staffed by intellectual property manage-ment personnel who provide information support and intellectual property protection for technological innovations to improve

R&D efficiency. The Company has also publi-cized the Intellectual Property Management System and the Trademark Management Measures , regulating work related to intel-lectual property rights. All these measures seek to protect internal innovations of the Company whilst respecting and avoiding in-fringement of intellectual property rights of others, minimizing operational risks and cre-ating a desirable atmosphere for innovation.

With an open-minded, cooperative and win-win attitude, the Company cooperates with industrial, academical and research fields. Together with these partners it promotes innovations in the realms of new energy, energy conservation and environmen-tal protection.

Protection of Intellectual Property Rights

Cumulative number of domestic patent licenses

Cumulative number of domestic patents for invention

Cumulative number of domestic standard-setting participated Cumulative number of international standard-setting participated

Driving the Development of the Industry

Strengthens core technologies of R&D, leads technologi-cal development in the industry

Actively promotes R&D of key and significant technol-ogy, undertakes research of important technological areas and leads industrial progress

Participates in the compilation of international, national and industrial standards, leading the development of industry standardization

The Company takes part in the formulation of standards of innovative technology, continuously improves industry stan-dards and contributes to its healthy development. In 2018, the Company cooperated with the International Organization for Standardization (ISO) in the revision of international standards as well as the standardization of international wind power pioneering technology.

Conducts training for customers and suppliers, cultivates talents for the industry

The Company utilizes its advantage of talents and other resources in the industry to provide training and accreditation exams for industry professionals working at heights. It also provides professional personnel training for major clients, identifies, trains and accredits key personnel for its suppliers, as well as educates private wind power developers.

Actively participates in industry exchange activities, shares wind power experience with international peers, explores development trends at the forefront and pro-motes technological development of the industry



Products and Services Employees Community and Public Benefit

03


Products and Services

old ind en a e in ate t eatment bu ine and launc e a te ate t eatment ate eu e and lud e di o al o ect on a la e cale t inte ate ate t eatment it ene y tec nolo ie to

c eate a ne model o clean ene y u li a on and ma t ate lant mana ement

old ind i commi ed to o idin a o dable eliable and u tainable een o e to t e lobal community t ou inno atin ind o e tec nolo y and oduct educin elect icity co t a

ell a buildin ind a m a ound t e o ld to o ula i e een ene y

ou conduc n ind tu bine and manu actu e clean ene y de elo ment and ate t eatment bu i-ne e to co e it ene y and en i onmental oblem old ind ad e e to t e ilo o y o e in o t e ociety and t e en i onment and cont ibute to t e utu e o t e man ind

P37

P36

34 35




Quality andSafety of WTGs

ind a m a e mo tly di tant om u ban a ea and t e ene ato a e in talled e e al und ed mete abo e t e ound any uality and a ety oblem ould entail t e t an -o t o e ui ment and maintenance ta meanin u e co t o bot e ui ment man-

u actu e and o e ato e e o e t e uality and a ety o eatly a ect in e t-ment etu n o t e en e ind a m a ell a t e ealt and a ety o on ite e onnel

e Com any alue t e oduct uality o and outline t ate ie it uality and e ciency inci le Combinin it yea e e ience in manu actu in old ind e lo e and o mulate it uality mana ement model a a ind o e ma at on om t e i e dimen ion cultu e o ientation tec nolo ical inno ation leade i initiati e u ly c ain and cu tome e e ience it ua antee and en ance t e uality o

products in all aspects.

old ind a al ay t eated ind o e a a ma at on and ocu e on c ea n lon te m alue o it cu tome e Com any a cula ly em a-i e t e uality and eliability o it oduct du in t e yea li ecycle

o a and ill ne e unde mine t e e acto becau e o c an e in t e ma et en i onment

—— Wu Gang, Goldwind Chairman

Quality Management of WTGs

Culture Orientation Leadership Initiative Technological Innovation Supply Chain Customer Experience

e ine and nu tu e uality cultu e o one ty ecau on

el mana ement ac-cu acy and t e t i e o e cellence and

restates it within the o ani a on

tabli e o ani-ation and y tem uc a uality deci-ion committee and uality i cont ol

to ensure that senior leaders take the lead to ol e c i cal uality

oblem

As wind power tech-nolo y inno ation r u n s t h ro u g h t h e en e li ecycle o t e

conduct ual-ity de i n at t e

ta e to i m o e product standard and eliability om t e

beginning

obili e e ou ce a l o n g t h e s u p p l y c a i n to i m o e WTG production and standards together

it manu actu e

tend uality mana ement to o e -ation stage, ensuring that generators work reliably throughout the life cycle

n t e Com any im lemented in de t it ind o e ma at on uality mana ement mod-el omul ated t e mana ement a oac e o t e i i ma lean mana ement uality analy i con nual uality im o ement etc to im o e t e o e a n tanda d o oduc on Ba ed on e i n o mi a on ocedu e modula oduc on and y tema c a embly old ind a em loyed ma t mec anical e ui ment to im lement i elinin o e a on in t e manu actu in

oce t a al o embedded ma o unc on o t e anu actu in ecu on y tem into a iou te o t e oduc on oce e a a mean o en u in oduct uality

e Com any a com iled olicy document uc a t e ui ment uality n ec on e a t-ment anual and i o al P ocedu e o on ualified P oduct t ictly e ecu n uality in ec-

on and di o al o a iou element includin ocu ed a t e ui ment a embly t an o ta-tion on ite in tallation etc e Com any a al o com iled t e Cu tome Com laint andlin P oce tanda di in t e oce o andlin com laint in o de to collect and analy e in o ma-

on and e ol e t em in a mely manne o a to con nuou ly im o e t e uality o oduct and e ice

Safety Management of WTGs

e Com any t ictly im lement a ety tanda d du in t e de elo ment and manu actu in o

cco din to t e ocedu e ul illin ealt and a ety e ui ement de elo in otec-

e de ice o idin om t o a ety i ue it continuou ly im o e otection unction in te m o t e elect oma netic adiation and elec-trical safety of WTGs and ensures the health and safety of installation workers, operation staff and cu tome a muc a o ible n t e Com-pany did not recall any WTG products due to safety and health concern.

e Com any a added a ety e ie ocedu e at a iou ta e o t e oduct de elo ment o-ce en u in t at ne oduct com ly it oc-

cu a onal ealt and a ety de i n e ui ement t e eby a oidin o educin a ety and ealt risks for staff and guaranteeing WTG security. It al o em loy eal me in o ma on tec nolo y to monito a e ate and cont ol any idden a ety

a a d o ind a m ac o t e count y and e -ula ly de i n e en e mea u e to educe t e c ance o uc idden a a d om occu in n

t e Com any de i ned t e a ety com li-ance tanda d o o o e unit im o ed t e de i n o a ety i n e ented o ible malo e ation and e onal in u y and educed a ety i to ma e t e mo e ecu e and

user-friendly.

36 37




ProvidingReliableGreen Power

WTG Operation and Maintenance Services

WaterTreatment

The demand for energy in modern economic and social development has been increasing. While traditional energy sources are depleting and causing environmental pollution, the development of green power has become a trend in the globe. The Company continuously develops and promulgates clean energy technology and equipment, creating conditions for, as well as facilitating the use of, green energy in the society, changing the ways man-kind accesses energy.

The Company has been cultivating carefully in the wind power sector, developing core technologies such as distributed energy, integrated energy supply, advanced energy stor-age, smart and digital management, etc.. It provides diversified energy products and solu-tions in network, source, load, storage, control and other aspects.

From building wind power service teams, optimizing the network of spare parts distribution, designing wind power service standards and solutions, to applying new technologies such as big data and cloud computing in its operation and maintenance, the Company strives to improve wind power service capability and service quality, to maintain high efficiency of operation, and to increase WTG stability and wind power generation.

In response to the rapid growth of water demand in China and the grave problems of water pollution and shortage, the Company started water supply, sewage treatment and water reuse businesses in 2015. It aimed to improve water use efficiency whilst reducing harmful pollutants to the environment. In 2018, the Company independently devel-oped several techniques in the field of ad-vanced oxidation processes, and established a joint laboratory with research institutes to implement application of the relevant tech-niques in sludge treatment.

The Company integrates its core new energy business with its water treatment to invent the “W + E” Smart Water-Energy Solution. By accurately and dynamically applying techniques such as distributed energy and

energy efficiency platforms, it implements clean energy utilization and intelligent man-agement for the energy consumption of the entire water plant, reducing the cost of elec-tricity whilst raising the proportion of clean energy use and operation efficiency.

The Company used this solution to assist the Beijing Drainage Group in building distribut-ed photovoltaic project in domestic water business sector, establishing a 36 MW pho-tovoltaic system in addition to configuring an integrated efficiency management platform and setting up an energy control center. It is estimated to generate 36 million kWh of clean energy annually, meeting about 30% of electricity consumption and reducing carbon dioxide emissions by 36,000 tons.

The Company builds wind farms around the world, provides green power, and populariz-es its use. By the end of 2018, the Company has cumulative installation of 50 GW in the globe, with its business footprint covering 6 continents and more than 20 countries. It has provided excellent and reliable green power to the society with an annual power genera-tion of 100 billion kWh.

In August 2018, the China Electricity Council announced the results of the 2017 assessment of national wind farm production and operation indicators by surveying the operation of wind farms from five aspects – wind resources, power generation, energy consumption, equipment tracking, and operation and maintenance costs. The Company has received 80 awards for its wind power projects, accounting for more than a quarter of its total awards.

Distributed Energy Energy Storage System

Integrates various types of distributed energy through scientific planning and allocation in correspondence to the en-ergy demand of the users and local clean energy endowment. By realizing optimal allocation of diversified energy, efficient collaborative supply and computerized dispatch, such technology reduces energy costs, increases end-user energy utilization and the clean energy ratio.

Separates traditional centralized energy storage systems into electronic storage systems and battery storage systems, then stores or releases energy according to dif-ferent scenarios. This effectively reduces the operational risks and costs of the sys-tem, standardizing its operation and laying the foundation for the local consumption of wind power.

Qinghai Province Achieves “9 Days of Green Energy” through Ultra Large-scale New Energy and Big Data Platform

China’s first mega-scale new energy and big data platform – the Qinghai New Energy And Big Data Innovation Platform jointly developed by Goldwind, the State Grid Qinghai Electric Power Corporation and the Beijing University of Technology Data Innova-tion Center – managed to provide the entire Qinghai province 9 consecutive days (216 hours) of electricity – From 0:00 June 20 to 24:00 June 28, 2018 – through only clean energy such as hydro power, photovoltaics and wind. As the key unit responsible for planning and construction of the platform, the Company led the creation of advanced applications. For example, the underlying IoT for energy to provide key technologies such as centralized monitoring, centralized power forecast and smart management of equipment. Qinghai’s “9 days of green energy” was a trial of zero-emission electricity. It enhanced the practice of clean energy supply by maximizing consumption of new energy while laying foundation for the Company to build a clean, low-carbon, safe and energy-efficient system.

Building the “iGo” Offshore Wind Power Smart Management Platform to Reduce Offshore Operation and Maintenance Costs

Designed specifically for the offshore wind power business, the Company applies digital and smart technology to build the “iGO” offshore wind power smart management platform. Through the construction of remote dispatching systems, equipment lifecycle archives and defect solution libraries, the Company develops defect surveillance modules based on status monitoring. It coor-dinates resource allocation for various parties, optimizes plans for marine missions, improves collaborative work efficiency, and reduces power generation loss and the frequency of marine trips. The platform is equipped with various software, hardware and data technologies such as hydrometeorology forecast and analysis, as well as onshore radar, enabling it to accurately respond to on-site emergencies and to implement plans timely, thereby ensuring the safety of outbound maintenance staff.

Wind Power Service TeamPossesses around 2,000 domestic operation & maintenance engineers with experiences of complex operations such as PMDD technology & double fed multi-systems

Smart Operating & Maintenance SystemEstablished an integral solution which comprises the "online" smart operation system SOAM™ and "offline" efficient exe-cution, swiftly responding to various needs of the wind farm, enhancing operation & maintenance efficiency and benefits of the wind farm

Wind Power Management SystemEstablished over 30 standards throughout the entire WTG lifecycle operations including their admission to site, instal-lation delivery, operation maintenance etc., promoting the standardization of WTG operation & maintenance during their service period

Resource Network LayoutSet up 4 1st-tier archives, 13 2nd-tier archives, 122 3rd tier archives and 18 4th tier archives, forming a 3-dimensional service network coverage with nodes, lines and surfaces

04 Environment


en utili in o o e ind o e e ou ce old ind conce n about ma ine otection and a oid cau in any ad e e e ect on t e ma ine ecolo ical en i onment

old ind e a d t e ide u a e o ind o e a an a oac to tac le climate c an e t ac ely im lement e ilient t ate ie to ada t to climate c an e

old ind e tabli e an e ec e y tem to a oid dama e to o e t and e eta on du in it de el-o ment and con t uc on o ind a m t e eby otec n ildli e

old ind ac ely e ond to bot dome c and inte na onal climate c an e olicie and ene y t ate ie t t i e to lay an im o tant ole in t e ne ene y indu t y in o mi in ene y t uctu e and c ea n eco-

lo ical ci ili a on t t e ame me it t ie it be t to educe any ad e e im act on t e en i onment du in it o e a on t ou inc ea in e ciency o e ou ce u li a on con e in ene y educin emi ion c e-a n ecolo ical ci ili a on a ell a o in in a mony it t e en i onment

P40

P43

P45

40 41




45

50

25

Type of energy or resourcePo e con um on t e mal million Po e con um on ind ola million

a oline ie el i uefied Pet oleum a matu al a m

e all ene y con um on e B e enueton o tanda d coal B

ate con um on tate con um on e ca ita ton ca ita

Pac a in mate ial ood tonen ity o ood ac a in u a e t c

Coping withClimateChange

Utilizationof Energyand Resources

lobal climate c an e i bot an o o tunity and a c allen e o old ind n t e one and lobal climate c an e a om ted count ie to modi y ene y u e a e n and to

ac ely e lo e and inc ea e t e u li a on o ene able ene y uc a ind and yd o o e t e eby omo n t e o t o ind o e bu ine e n t e ot e and ob-

lem cau ed by climate c an e uc a e t eme eat e ea le el i e and ocean acidifica-on ill a ect t e e ciency o ind o e ene a on oduc on and t an o ta on o

t e com onent in addi on to o in bi e c allen e o t e to ada t to t e en i onment

ile o ula i in ind o e oduct and e ice o ld ide to educe een ou e a emi ion t e Com any i adually ettin u and im o in it e on e lan to

im lement e ilient ada ta on to climate c an e e Com any eco ni e t e im act and i o en i onmental c an e cau ed by climate c an e on it bu ine o e a on and continue to en ance t e ada tability o ind tu bine unde a en i onment

e Com any can ada t to ty oon t unde to m i tem e atu e and ot e e t eme eat e ou t e u e o oofin a ain t co o ion alt e o ion and o t e Com any o o e e and unction elated to en i onment cont ol y tem and meet t e need o t e ma ine en i onment

n t e Com any a in talled a total ca acity o o ind tu bine a ound t e o ld e ui alent to educin million ton o ca bon dio ide emi ion by t e mal o e

o t ene y and e ou ce con umed by t e Com any o e ational acti itie a e elec-t icity to o e o ce and manu actu e ac i e a oline o bu ine e icle die el o en inee in e icle and P o em loyee cate in ate con um on i not e ui ed in t e oce o oduc on and ate t eatment oce e do not con ume ate

om t e natu e ate i mainly u ed o o ce and canteen and li le ate i u ed on du t u e ion and eenin in t e oce o ind a m de elo ment and con t uc on

e Com any t ictly abide by t e la e ulation and tanda d elated to en i onment otection continuou ly

im o e t e en i onment mana ement y tem and identi ie and e aluate a iou en i onmental acto t t ac ma o indicato o ene y and e ou ce u a e in oint a ea o i ene y con um tion and in ect

o e ation and maintenance o e ui ment ou on ite mea u ement and collec on o ecommenda on t e Com-

any e lo e oten al o o tuni e to a e e ou ce and to im o e e ou ce u a e e ciency

n manu actu in oce e t e Com any io i e t e u e o matu e lo ene y and e ou ce con um on tec nolo y and e ui ment t con nuou ly o mi e ocedu e t yin to minimi e t e me o e ui ment unnin o load n te m o outine o ice o it u e ene y a in li t encou -a e em loyee to u e double ided a e in in n o a to a e elect icity and ate and o te t e e lacement o

bu ine t a el it one call o ideo con e ence

e ma t mic o id and inte ati e clean o e e ui -ment uc a and oto oltaic at t e o ce at Bei in

cience and ec nolo y Pa P a e can o ide o t e a total elect icity demand o eo e t e a a in talled t e ano un e a e t eatment y tem t at i able to oce ton o d in able o eclaimed ate e day

e a a a ate ecyclin y tem t at collect ain ate through a sunken greenfield and a sunken plaza and also unc on a i i a on and eclaimed ate ecyclin

e Com any o ce buildin t at i located in ide t e a a ea t e ma t ne y Buildin utili e a iou een building technologies to help realize green planning, energy a in en i onmental iendline in addition to com o t

and e ciency t ou cien fic de i n

a actitione and ad ocate o een ene y t e Com any u o t acti itie li e t e Bei in a at on a a ne ene y sponsor, encourages the public to pur-chase renewable energy through green

o e ce ficate and omote t e u e of renewable energy. It has joined renew-able ene y o ani ation o initiati e uc a t e C ine e to ono it

o n emi ion educ on commitment

e t nited ation Climate C an e Con e ence a eld in ato ice Poland in ecembe e e en n t e Com-

any old ind ub idia y ian un e ne y a in ited to attend t e C ina

Pa ilion a in it ac cal e e ience o tac lin climate c an e t ou a one to low-carbon green solution, calling on the

lobal community to o to a d t e oal o ee in lobal a e a e tem e atu e i e

it in C om e indu t ial le el

Environmental Benefits Achieved through Company’s WTG Products

Amount and Density of Primary Energy or Resource Usage of the Company

old ind a been named Climate eade Plant by t e ne y ounda on

Successfully registered Clean e elo ment ec an i m

C o ect

eco ded C ina Ce t i ied mi ion eduction CC

projects

Com leted e ifica on eco d-ed C ina Ce ti ied mi ion

educ on CC o ect

Integrated use of solar, natural gas, wind and other clean energy to meet a t o elect icity demand

a e o eot e mal eat um y tem to e c an e eat

within soil and building in order to meet coolin and eatin demand

tabli ment o a i ual ene y man-a ement y tem o o ce elect icity and t e buildin o a ma t li n y tem to ma imi e t e u e o natu al li t ou ce and e tend t e li e o li n e ui ment

a e o tem e atu e and umidity cont ol y tem to cont ol indoo

tem e atu e and umid-ity and reduce energy con um on

e e to B ene al P inci le o Calcula on o t e Com e en i e ne y Con um on o t e con e ion o a iou ene yo m to tanda d coal e ui alent

50.00 3,078.39

10,235.70 5,593.28

Cumula e lobal n talla onGW 10k tons

10k tons 10k m3

Ca bon dio ide educ on e o e ta on

tanda d coal educ on

Com a ed to coal fi ed o e e ui alent to

o

o

42 43




Category Waste P ima y ou ce

a a dou a te anic a te ton Factory workshops

General solid wastes Con t uc on a te om ind a m ton ind a m

mi ion co e Type of energye all emi ion ton o C

co e Gasoline, diesel, LPG, natural gas

co e lect icity

Total

Indicatormi ion den ity

a a dou a te ene ated e o manu actu ed ton

Con t uc on a te ene ated e o in talled ton

C emi ion e B e enue ton B

43

Emissionand WasteManagement

e Com any t ictly abide by t e a of the Peo le e ublic o C ina on P e-ention and Cont ol o n i onmental

Pollution by Solid Waste and other rele-ant e ula on to educe a te and em-

a i e on com liance o a te di o al processes.

n anua y t e n i onment P o-tec on a a o t e Peo le e ublic o China came into e ect a e a e le ied on corporates according to the appendices, c edule o a tem and a mount o n i onmental P otection a and Sched-

ule o a able Pollutant and ui alent Values. The three pollutants plus noise

ene ated by t e Com any in manu ac-tu in and o e ation oce e a e ta ed acco din to t e e ui ement t ictly ulfillin it ta obli a on ile en u in

t at a te di o al com lie it t e e -ulation di e ent a te eduction met -ods and approaches are constantly sought to educe t e im act o t e Com any o e a on on t e en i onment

n t e Com any ta ted en i on-ment in o ma on di clo u e in acco dance with the ea u e o t e i clo u e o n i onmental n o ma on by nte i e

and Public Institutions de o o n i onment P otec on ini t y t e tab-

li ed t e old ind n i onmental n o -mation onito in Plat o m ubli in en i onmental in o ma on indicato on a daily ba i e monito in data i imul-taneou ly elea ed on t e n i onmental n o ma on i clo u e Pla o m o Bei in nte i e and Public n tu on and i ub ect to ublic u e i ion

Waste Discharge Control

Ambient Noise Control

e Com any ene ate elati ely le a te in manu actu in oce e mainly com-

i in a mall amount o a a dou a te and ome ene al olid a te oduced du in

t e a embly oce a ell a ome con t uc on a te ene ated du in t e con-t uc on o ind a m

e Com any o e ly andle all ty e o a te in com liance it t e inci le o cat-

e o y di ided ecycle cent ali ed mana ement and com e en i e a e ment a ti ulated by the law.

o ene al olid a te t e Com any ta e t e a oac o cent ali ed mana ement and recycling. It entrusts a third-party to conduct recycling and disposal. For hazardous wastes, it undertakes storage and disposal in accor-dance with the tanda d o Pollu on Cont ol on a a dou a te to a e B and the dmini t ati e ea u e o a a dou

a te an e ani e t de o o tate n i onmental P otection dmini t ation

e Com any o mulate t e ana ement y tem o a a dou C emical to standard-

i e mana ement and cont ol o e ation uc a ocu ement u a e to a e cu tody and t eatment o a a dou c emical educin t ei a m ul ollu on to t e en i onment n a ilot t ial ca e in t e Com any efined the production process by using bolts with

o de ed inc coatin in lace o cold al a-ni in o anti co o ion t eatment educin t e ene ation o a a dou a te amid t e process.

n e on e to t e o in o o e ind o -e bu ine t e Com any a e tabli ed t ict mec ani m o ob olete mate ial and dome -tic a ba e ecyclin to en u e t at all mate-rials can be sorted, recycled and brought back onshore for further processing. It uses con-tainers to replace ordinary packaging in storing lin t at a e u ed in ma i me t an o ta on

and oi tin ma in t em con enient o eu e t de i n oil to a e de ice o e ui -

ment a t e e oil lea a e may occu and monito a t it i lea a e i to a oid the leakage of hydraulic oil or diesel, which may contaminate t e ma ine en i onment

i e ent le el o noi e ill be ene ated du in t e oce e o oduc on in tal-lation o e ation a ell a ate t eatment

e Com any t ictly abide by t e Law of the Peo le e ublic o C ina on t e P e ention and Cont ol o mbient oi e Pollution , the mi ion tanda d o ndu t ial nte i e oi e at Bounda y B t e mi ion tanda d o n i onment oi e o Bounda y

o Con t uc on ite B and ot e le al tanda d to miti ate noi e ollution t com-

bines sound absorption and insulation tech-ni ue uc a in tallin onic anel in o -shops, enclosing the plant to constrain noise

ollu on it in t e buildin du in o e a on o noi e ene ated om in talla on it a oid

ni ttime con t uction o noi e ene ated om t e o e a on o t e t e Com any

selects appropriate positions, sets buffer dis-tance and ado t noi e educ on tec nolo y acco din to di e ent c a acte i c en-u in t at noi e emi ion tanda d a e met

Emissions of Primary Wastes of the Company

Greenhouse Gas Emissions of the Company

Density of Waste Generation and Greenhouse Gas Emissions of the Company

a a dou a te include cate o y ty e o anic ol ent t at a e ene ated du in oduc on e aint and cate o y ty e o anic e in e olidifie ad e i e

e e to mi ion ccoun n et od e o n uidance o ac ine y ui ment anu actu e o calcula on o een ou e a emi ion mi ion om u c a ed elect icity o o e a on o o e ea o ce a e not included

44 45

EcologicalEnvironmentalProtection

e a onal n i onment P otec on ini t y and t e a onal e elo ment and e-o m Commi ion C ointly ubli ed t e ec nical uideline o t e elinea on

o ed ine o colo ical P otec on in ay e ui in o ince to com lete t e lannin o o incial ecolo ical e ion by t e end o and to e t ain t e de el-

o ment o o ect it in t e de i nated a ea n t e one and t e Com any ee a clo e eye on t e lannin and de elo ment o a iou o incial ecolo ical e ion on t e ot e and it u t e im o e mi a on mea u e and olu on to tac le acto t at a e iden fied to cau e en i onmental im act

e Com any inte ate t e en i onmentally iendly con-ce t o li in in a mony it natu e into it de elo -ment manu actu in a ell a t e con t uc on oce o

ind a m t a com iled t e ana ement y tem o n-i onmental P otec on and ate and oil Con e a on and ana ement and Cont ol lo o n i onmental P otec on

and ate and oil Con e ation in order to regulate wind a m de elo ment and o e a on and otect t e ecolo y n

t e Com any com iled tanda d o een ind a m

n addition to com lyin it national and local ule and e ula on it eci ely ulated t e ene al e ui ement o en i onmental otection a ell a ettin out eci ic

c ite ia o de i n con t uction ocu ement and ate con e a on du in manu actu in and ind a m con-t uc on t in ointed t at t e con t uc on o ind a m

mu t meet ou c ite ia e ou ce a in en i onmentally iendly lo ca bon and ealt y to a oid o educe t e im-act on t e en i onment

Vegetation excavation Bird protection Light-shadow flickers Landscape

e elo la e ca acity model t e eby e-

ducing land useo mulate ec ia l i ed

t an o ta on lan and de-loy e ui ment om acto-ie clo e to t e in talla on ite u e di ital tec nolo y o eci e en inee in

de i n o timal oute to reduce transport distance and e eta on e ca a on

cti ely o a eed sugar cane or other crops a te e ca ation to e to e e eta on co e a e

e te c t b i d a c t i i t i e t ou t e com e en i e a lication o tec ni ue uc a ideo analy i t e -

mal ima in ound ada etc and t en e el t em a ay om t e o e at-ing areas with bird-repelling technology such as ultrason-ic i o e di ital oice i o ou a la e o oc a e

Calculates shadow ranges according to local solar el-e a on and t e len t lu height of the blades, then a end te tin de ice to minimi e t e im act o light-shadow flickers by ro-ta n eed cont ol and an mana ement

Considers surrounding land-scape features and takes initiati e to con ult local communi e om t e ea ly stages of WTG locating and planning and integrates lo-cal industry strategies in the con t uction o ind a m to en u e t e im act on t e land ca e i minimi edCu tomi e and aint t e

to ma e t e indu t y a moniou it t e cultu -

al and natu al en i onment

Resource-saving

Environmentallyfriendly

Low-carbon

Healthy

e e to ate a in com-act land u e a mate i-

al a in and ene y a in

e e to en i onmental o-tection and soil and water con e a on

e e to e timatin t e een-ou e emi ion lu emi ion

reductions for the whole life cycle o t e ind a m t en neut ali in any uc emi ion to ac ie e e o ca bon

e e to y ical and mental ealt o it em loyee

Biodiversity Protection

e Com any ocu e on t e otec on o ildli e and t ei abitat com ilin t e ea u e o u tainable ana e-

ment o Biolo ical and atu al e ou ce e mea u e e ulate on t e di i ion o labo oce e and e ui ement elated to biodi e ity con e a on du in t e de elo ment

con t uc on and o e a on o ind a m o ect to educe t e im act o t e o ect on biodi e ity

e Com any a int oduced a li t monito in y tem in t e Ca le ill ind a m P o ect in u t alia ou obe di t ibuted t ou out t e a ea t e y tem can monito in eal me t e oute o all bi d yin in ide t e a m en

a bi d i edicted to be a ected by a t e y tem auto-ma cally i ue an eme ency command to alt t e and a oid a m to t e bi d

Co o ate o e nance

e ea c e elo ment n i onment Supply Chain

P oduct and e ice m loyee Community and Public Benefit Xinjiang Goldwind Science & Technology Co., Ltd. u tainability e o t

05 Employees


old ind ad ocate and t i e to en u e t at emale em loyee a e e ual o o tuni e to a ci-ate in ca ee ec uitment i in t ainin and de elo ment a e ua din t ei i t

old ind ad e e to a eo le fi t ilo o y il t c ea n em loyment o o tuni e o it em loyee it o ide t em it de i able o in and li in condition ca e about t ei ba ic need and a e no e o t in i in t em ull benefit and ecu ity

e Com any i commi ed to o idin em loyee it a ealt y a e and umane o en i onment c e-a n a di e e and ela ed atmo e e t o ide o o tuni e and la o m o em loyee to lea n and de elo and el t em eali e e onel alue ile omo n t e Com any comme cial ucce

P48

P55

48 49




1,723

2,506 1,797 61

6276

143

395

75

28

815 1,9882,807 860

218 632

169

7,030

4,450 8,6307,867

4,913 2,141 3,132

20%

29% 20% 1%

1%

0.9%

1.6%

4.5%

0.9%0.3%

9% 23%32% 10%

3% 7%

1.9%

80%

51% 98%

89.9%

56% 24% 36%

Fair and Standard Employment

Diversity ofEmployees

The Company strictly abides by the Labor Law of the People's Republic of China and Labor Contract Law of the People's Republic of China, following international conventions approved by the Chinese government and other relevant local laws, regulations and systems. It implements an equal and non-discriminate employment policy, treating employees of different races, colors, na-tionalities, genders, ages, religious beliefs and cultural backgrounds fairly and properly, and strictly prohibiting and discouraging any form of child or forced labor. The Company has formulated the Recruitment Management System to regulate the recruit-ment process, guaranteeing that staff employment is conducted in compliance with laws and regulations. During the overseas recruitment of local personnel, the Company actively seeks to understand the labor laws of various countries in addition to in-ternational practices, formulating operating mechanisms such as the Equal Employment System and Local Recruitment Process Guidance to improve the compliance of talent recruitment and management.

By the end of 2018, the Company has a total of 8,753 employees, including 1,723 women, 478 ethnic minorities and 30 employ-ees with disabilities.

Employee diversity helps to enhance the Company’s creativity and innovativeness, enriching its culture. The Company actively recruits a wide range of talent, seeks to build a versatile and diversified team, and respects variations in staff personalities, abilities and grown-up ex-periences. It cherishes people with different backgrounds, talents, insights, experiences and skills, and strives to create an open and inclusive environment that allows every employee to freely exert his or her full potential and to integrate him or herself into the Company.

The Company has specifically compiled the Foreign Personnel Management System to stip-ulate its management principles. It respects the differences in culture and customs of coun-tries, and implements differentiated management procedures for foreign staff where neces-sary. In order to promote the integration of employees from different cultural backgrounds, in July 2018, the Company invited overseas managers and some local executives to partici-pate in a cultural exchange program in Xinjiang. Under the theme “The Past, the Present and the Future”, they visited the Dabancheng Wind Farm, the Xinjiang Wind Energy Company and the past workshop where the first generation of localized WTGs were developed and produced. The visit deepened their understanding of the Company’s culture and promoted exchange and mutual communication of staff from different cultural backgrounds.

The Company has established a reasonable and encouraging salary system according to the laws and regulations of China, as well as those of other countries or regions in which it operates. It regularly adjusts salaries according to market conditions to justify salary competitiveness. It pays the wages of its employees on schedule, and fully pays five social insurances and one housing fund to protect their legitimate rights. The subsidiaries under Goldwind that operate in various industries and regions have established different incentive mechanisms in accordance with the specific conditions of their businesses and local practices.

Wages

Number of male employees

Number of female employees

Aged 29 or below

Aged 30-39

Postgraduate or above

Undergraduate

College or below

Contractual staff

Dispatched labor

Staff by labor agreement

China

Other Asian countries

Europe

North America

Aged 40-49

Aged 50 or above

Production staff

Sales staff

Technical staff

Customer service staff

Administrative staff

South America

Oceania

Africa

50 51




Training Targets P o am ame Training Contents ainin b ec e o o Pa ci ant

iddle mana emento e mana emente mana ement

Leadership training

no led e and ill according to the needs o di e ent mana ement le el uc a co o ate culture, self-awareness, team mana ement etc

Widen the horizon and in i t o middle and lo e mana ement ta en ance t ei

o e all mana ement and leade i abili e

i ital e onnel i ital e onnel t ainin project

i ital t ate ic lannin cloud com u n di ital a lica on ene y nte -net di ital ind a m data pool etc.

ainin ecifically designed for digital

e onnel ic aim to con e e no led e and im lement di itali-a on o

te nal de elo e Training courses for e te nal de elo e

ind a m de elo ment trends and policies, wind a m o ect de elo ment

wind resources & solu-on ind o e in e t-

ment co t

n ance ind o e no led e o e te nal

de elo e and t ei understanding about

old ind omo n t ei collabo a on it Goldwind

i al tude o e a on i al tude o e a on projects

Climbin i al tude escape, ladder rescue, eme ency e cue

n ite t ainin and acc edita on ecifi-cally de i ned o ta en a in in i al -tude o e a on

Agency-recruitedem loyeeSchool-recruitedem loyee

e em loyee int oduc-on t ainin

Corporate culture, com any int oduc on indu t y de elo ment manu actu ed oduct a ety oduc on uality mana ement

work skills and general skills etc.

el ne em loyee integrate into the Com any a oon as possible through concentrated learning, t ema c ac cal tasks, coaching, front-line ac cum and ot -er training approaches

Training andDevelopment

old ind e a d ta de elo ment a a c ucial ounda on o u tainable de elo ment ou o idin em loyee it u cient t ainin t e Com any el t em ac ie e

e onal o t t al o cul ate a o en i onment o o enne and ai com e on acilita n ca ee de elo ment c annel o it em loyee

it t e oal o u o n t ate y m lementa on C ea n e ice alue el in m loyee o and Buildin a no led e a in Plat o m t e Com any a e tab-

li ed it el a a lea nin o ani a on t le e a e on t e e ou ce o old ind ni e ity and it o n t ainin and educa on y tem to o ide di e ified o am o a iou le el and o mat to it em loyee t e eby mula n o i e inte ac on bet een t e de el-o ment o t e ta and t e Com any

n t e Com any con nued to inc ea e t ainin in e tment t en anced t e t ainin y tem om i e a ect cu iculum in t ucto lat o m o mat and a d a e in an

o ani ed a oac and o ided em loyee it com e en i e lea nin o o tuni e t ou a mi tu e o inte nal e te nal online o ine t ainin o am

t e mana ement body o ta t ainin and by ta in into con ide a on bu ine lan-nin t ate ie and t e need o em loyee de elo ment old ind ni e ity ea nin and

e elo ment Cente o mulate t e lan tanda d and y tem o t ainin t de elo lea nin o am ic e en ally co e t e ou a ea t ate ic im lementa on t ate-

ic talent nu tu e ey o i on e onnel t ainin and ene al ca acity buildin nde t e uidance and u o t o old ind ni e ity eac bu ine unit o unc onal de a tment

o t e ub idia ie i e on ible o a iou o e ional t ainin and ta de elo ment lan o idin mo e detailed and ecific lea nin o o tuni e

Employee Training

Training Resource System of the Company

Major Internal Training Programs of the Company

Curriculum

Instructor

Platform

Format

Hardware

o med a cu iculum o leade i o e ional and uni e ality it idea om e ecu e o e ional e e ience inde endently de elo ed mate ial by old ind uni e ity a ell a t e int oduc on o co y i t-ed mate ial

u tu ed in ou e in t ucto t ou out t e yea and i ed e -te nal lectu e om ot e o e ional in tute to teac em loyee

tabli ed an online lea nin la o m uc a t e ainin oom and Cloud ectu e all it a total o online cou e a ailable

P o ided a iou lea nin o mat includin lectu e o e ecu e out-sourced training, outreach training, job rotation, distance learning, on-t e ob coac in ac cal t ainin i it emina and o o etc

old ind uni e ity a t ainin oom con e ence emina oom and mul u o e all ca able o imultaneou t ainin o con e enc-in o o e eo le t cla oom a e e ui ed it eco din and o t eco din e ui ment meetin t e need o el made o-

am com act cou e inte ie t lib a y a a collec on o olume co e in a a iety o ub ect om mana ement ocial cience

to technology and so on.

Employee Development

e Com any lace t on em a i on t e ca ee de elo -ment o it em loyee t i in to o ide oom o t em to ac ie e t ei alue e Com any a com iled t e Career

e elo ment ana ement y tem and e tabli ed a ne o i ontal o e tical ca ee de elo ment y tem o

it em loyee ne o i ontal e e to t e t ee di e ent a oac e o econdment ob otation and t an e e Com any im lement inte nal ec uitment o o ition com ile a talent in ento y e e y yea and conduct ob o-ta on o t an e in t e ool o talent o e cal e e to t e t o ca ee at o en to em loyee mana ement and tec nical eciali a on By t e end o t e Com a-ny a e tabli ed a o i on y tem com i in o i ontal

e uence o i ontal ub e uence and e cal le -el it eac o i on ut into a ce tain e uence and le el to o m to et e a o i on ma t e Com any e tabli e a a iety o ca ee de elo ment at o em loyee

n t e Com any e tabli ed a alent e elo ment Commi ee it t e Com any C ai man e in a t e com-mittee di ecto and t e C ie Pe onnel ice e in a t e ead o t e daily o e a on team t e commi ee elect nurtures and transfers talents across organizational bound-a ie layin t e ound o mo e o en and e ible talent de-elo ment to in i e c ea ity and itality o t e ta a ell

as other professionals.

52 53




Health and Safety

e Com any t ictly abide by and im lement ule and e ula on uc a t e Work a ety a and ccu a onal i ea e Cont ol ct o t e Peo le e ublic o C ina . It con-nue to im o e t e occu a onal ealt and a ety tanda d o o in condi on o

em loyee

Production Safety

Occupational Health and Safety

in t e oduc on a ety mana ement y tem a t e co e t e Com any im o e e i n a ety mec ani m t en t -en t e e on ibili e and a a ene o oduc on a ety and e ulate em loyee be a io

n t e Com any ocu ed on t e e tabli ment o a ety tanda d and com iled t e m lementation ea u e o tanda di a on o P oduc on a ety By ula n t e di i-ion o e on ibilitie o e ui ement uality cont ol

mana ement atin tanda d e a d and uni ment it continuou ly im o ed t e Com any tanda di ation o o e all oduction a ety t u aded t e eme ency e on e y tem and e tabli ed a t ee tie eme en-

cy mana ement ame o t at co e ed t e Com any ead ua te it bu ine unit ub idia ie a ell a t e

c ie a embly lant ti ulatin t e ty e uantitie and cate o ie o t e eme ency lan t al o con nued to o a-ni e cultu al ac i e o oduc on a ety t t en t ened

ecu ity a a ene o em loyee and en ancin oduc on a ety t ou o t ame i ual mana ement ecu ity

e e ience and amily ac i e n t e Com any did not eco d any occu ation elated ca ualtie ccu ational in u ie cau ed a total o day o o in day lo

e Com any a e tabli ed a ety uali ication t ainin and te t cente in t e cate o y o i al tude o e a on in t e a ea o e ui ment in talla on maintenance and o e a-

on t conduct eciali ed cou e uc a t ee e a ety education a ety t ainin o eci ic o ect eme ency

lan and on ite olu on mana ement ue to t e a id de-elo ment o o o e ind o e in addi on to de elo in

o o e a ety ac a e du in t e ta e o de i n t e Com any a in ited e te nal a ety con ultin a encie to collec ely build a a ety mana ement la o m o o o e projects.

old ind a a ed t e ccu ational ealt and a ety ana ement y tem ce ti ication o t e ole Com a-

ny t o ide em loyee it labo otection e ui ment ic a e in line it t e na onal and indu t ial tanda d

de elo o i on mat ice o occu a onal i and in o m em loyee o occu a onal a a d t ei con e uence co -e ondin e en on mea u e and andlin a oac e t

al o conduct e iodic occu a onal ealt c ec e y yea t i d a ty a encie a e in ited to conduct e ula te t on any occu a onal a a d and to a e t e i tatu

n t e Com any o mulated t e n i onmental ccu-a onal ealt and a ety n u ance ec ani m and Com-e en i e me ency Plan o ccu ational ealt and

Safety Accidents, clarifying the standard insurance charges, t ei co e o a lication and u a e eme ency mana e-ment and e on e ocedu e andlin e on ibili e and o on u t e im o in t e occu a onal ealt and a ety y tem o t e Com any e Com any a ecifically com-

piled the ccu a onal ealt and a ety and n i onmental ana ement anual o o e ea bu ine e cla i yin im-

lementa on tanda d and oce e by con ide in ii acti itie t at a e eci ic to o e ea bu ine o e a-on n t e ca e o em loyee t a el it a a tne ed it

nte na onal to o ide em loyee it com e en i e ecu ity lan o t a el a ety mental ealt y ical ealt

and medical u o t

ince t e Com any a ca ied out em loyee ealt mana ement o t ee con ecuti e yea ou coo -erating with the Institute of Sports Science of the General

dmini t a on o o t o C ina it collect em loyee ealt data u in mode n medical and in o ma on tec nolo y a -

lica on t e eby t ac in and e alua n t e ealt tatu o em loyee om bot y iolo ical and yc olo ical

e ecti e en by e ea c and analy i t e in titute e c ibe e e ci e and dieta y o mulae in o de to en ance

t ei y ical fitne a ell a to maintain t ei y iolo ical and mental ealt

Establishment of Goldwind Offshore Wind Power Training Center

t e o o e ind o e bu ine a o n t e Com any a adually e tabli ed an ancilla y ma i me a ety mana e-ment y tem ea ly a t e Com any o o e mul unc onal to e te n la o m added ancilla y e ui ment uc a inte nal e te nal ladde and e cue la o m t a met t e e ui ement o a ety t ainin o am includin be t in imula on all a e te en ine oom eme ency e ca e i al tude ab eilin o o e la o m fi e e en on etc n

t e Com any added an o o e u i al t ainin la o m t at ulfilled t e B tanda d e la o m can imulate eci -ic t ainin cena io uc a t unde li tnin ain o and to m and can e o m i doc in loadin and t an e di in e ca e boat o e a on elico te e cue and o on en ancin em loyee ca ability in el and mutual e cue du in o o e o e a on accident i la o m a obtained inte na onal acc edita on By t e end o it ad o ided mo e t an t ainin o cu tome u lie o e a on and maintenance com anie and c ool

Pictu e o em loyee ealt c ec

ome ealt c ec acility

54 55




Dimension Subject Format Content

Different levels

Middle and senior management

Democratic day, management conference Business management and strategic planning

Executives and employees

Assembly meeting, onsite visit by management, WeChat platform, management mailbox, senior management meeting, general manager coffee time, survey

Corporate cultureIssues concerning the develop-ment of the Company and that of the employees themselves

Among employees OA forum, internal newsletter, monthly employee birth-day party, sports gala, home Friday, self-service portal

Latest company developmentVarious internal company in-formation

Foreign employees Cultural exchange Corporate culture

Differentdepartments

Among departmentsRegular divisional meeting, business operation meeting, technology seminar, experience exchange, production communication conference

Business progress of the Com-pany and various departmentsCutting-edge knowledge and techniques

Differentregions

Among various regional companies

OA forum, internal newsletter, WeChat platform, inter-re-gional video conference, survey, staff zone poster

Updated company develop-mentVarious internal company in-formation

96%

EmployeeCare

The Company adheres to its “People-First” philosophy. It actively carries out a variety of cultural and sports activities in order to build work-life balance for employees, help them improve their work environment and quality of life, and enhance their happiness and sense of belonging.

It has always been the goal of Goldwind to provide an open working atmosphere for its employees, allowing them to become acquainted with the business and participate in it. The Company places a strong emphasis on the communication between its leaders and employees. It creates different conditions and opportunities for communication according to different subjects and purposes, and establishes a platform for the exchange of employ-ee information through various forms of communication and sharing activities.

The Company provides fitness facilities, venues and instructors to create opportunities and facilities for its employees to devel-op interests, cultivate hobbies and learn new skills. It regularly organizes a variety of cultural and sports activities to encourage them to work efficiently while living a happy life.

The Company continues to improve the welfare mechanisms, tending and responding to the differentiated needs of its employ-ees. It provides them with a variety of benefits ranging from catering, health, travel to accommodation.

Communication and Exchange

Work-Life Balance

Employee Welfare

Subjects, Formats and Contents of Employee Communication

The operational department establishes a mechanism to collect feedback on issues and trace the implementation progress. As one of the managed projects, the Company regular-ly traces the key problems identified in employee communication, and monitors the prog-ress of meeting employee expectations and demands.

The Company conducts a survey on employee engagement for all the staff every year. It also continuously improves measurement indicators and sample requirements, systemat-ically evaluating their level of satisfaction. In 2018, the Company collaborated with Gallup to identify 7 dimensions - key factors in affecting employee satisfaction and enthusiasm – which were basic needs, management support, teamwork, career development, salary incentive, performance evaluation and corporate culture. The participation rate of the survey was 96%. The Company will incorporate the results of this annual survey in its new year work plan and develop specific measures to improve.

Multi-purpose Sports Centers

The Company possesses several sports centers for football, basketball, badminton, tennis, swimming, rock climbing, table ten-nis, gymnasiums and so on, allowing employees to enjoy their sporting hobbies.

Clubs with Professional Instructors The Company has more than 10 sports clubs including badminton, basketball, football, tennis, table tennis, yoga, swim-ming and shuttlecock. It also employs retired national athletes and professional instructors to conduct professional coach-ing, guiding the employees to exercise and train in a scientific manner.

Employee Family Open Day In 2018, a total of 270 families and more than 900 people participated in the Family Open Day, letting family members of the employees know more about the work environment and duties of their relatives, allowing them to feel the cultural charac-teristics and care of the Company.

Establishment of the Goldwind Choir In 2017, some 30 amateurs from the Com-pany were selected to form the Choir. In 2018, the choir represented the Company and won the championship of the choir competition “Singing for a New Era, Em-bracing the New Future” which was hosted by Beijing Yizhuang Economic and Techno-logical Development Zone.

List of Employee Welfare

Offers rich breakfast and free, nutritious lunch

Provides staff accommodation, public housing, etc.

Provides breastfeeding rooms for female employees

Offers free medical examination

Offers a variety of benefits such as festival, labor union, birthday, marriage and child-bearing benefits

Provides employee shuttle buses and business vehicles for special care

Provides medical fund in addition to the five social insurances and housing fund

Provides 5 days of paid vacation per year in addi-tion to statutory holidays

Arranges onsite project employees’ family mem-bers to visit them

Employee engagement survey participation rate

06 Supply Chain

United Nations Sustainable Development Goals Supportedold ind inco o ate u tainability conce t into ocu ement oce e t io iti e t e o-

cu ement o en i onmentally iendly oduct and e ice encou a e e on ible u lie im-lement een u ly c ain o ect and uide u lie to a e ene y educe emi ion and u e

renewable energy, thereby building a sustainable wind power industry chain.

en coo e atin it it u lie old ind a al ay ad e ed to i mo al tanda d and bu ine et ic t conduct ai o e a on u o t t e de elo ment o u lie ile a e ua din t ei le i mate i t and ac ely a ume t e e on ibili e o a leadin com any in t e ind o e indu t y t en u e

t e u tainable and ealt y de elo ment o t e ind o e indu t y u ly c ain by d i in u lie to ulfill t ei ocial e on ibili e t ou t ei o n in uence

P60

58 59




2016

2017

2018

68

70

70

2016

2017

2018

20

20

20

2016

2017

2018

2016

2017

2018

7

7

7

219

221

237

9.749

Responsible Procuremente Com any ad e e to t e conce t o t an a ency and

ule com liance alon it t e inci le o ai ne u t and o enne in it ocu ement t a o mulated t e

uideline o Com any P ocu ement ana ement , clari-yin t e e on ibilitie o a iou de a tment includin

ocu ement ecto o demand tec nolo y audit and le al a ai and o on ula n u lie mana ement and o-cu ement a oac e t e eby educin ocu ement i and im o in mana ement e iciency e ome a e o t e Com any u ly c ain e comme ce o tal ublici e

olicy document uc a t e un ine P ocu ement Pled e , the Com any P ocu ement ana ement Policy aluation y tem o ualified u lie o t e ind u bine to ensure u lie obtain ocu ement in o mation ic el t e

Com any to c utini e and omote com liance mana e-ment o t e ocu ement oce

n t e Com any et u t e u ly C ain Collabo a on CC lat o m u lie can acce t e lat o m t ou

in itation o el e i t ation to o m an online u lie e-ou ce ool e lat o m a unction o online biddin

in ui y and uotation e y tem cont ol tende in and bidding processes to ensure the openness and transparency o ocu ement ec nical audi n and le al e onnel can

a e data t ou t e lat o m and ob ecti ely e aluate u lie t e eby i ni icantly im o in t e e iciency o

bu ine ac i e bet een t e Com any and it u lie

t e Com any conce n it el it t e com liance and u -tainability e o mance o t e u ly c ain it inte ate t e conce t o ocial e on ibility into it u lie mana ement

oce By e ui in u lie to com ly it any a licable e ulation and con entional code o conduct it encou a -

e t em to ul ill t ei ocial e on ibilitie and e ecti ely monito any uc i o t e c ain n t e Com any issued the Code of Conduct for Suppliers, inco o a n ocial e on ibili e uc a en i onmental otec on ene y con-e a on emi ion educ on labo i t ealt and a ety

bu ine et ic etc into t e content o u lie com liance

e Com any include ocial e on ibility e ui ement o t e u lie in it cont act t e ue t t at t e manu-actu in ac i e oduct and e ice o u lie mu t

com ly it t e na onal en i onment occu a onal ealt and a ety e ulation and mu t meet ele ant tanda d e ui ement e Com any al o e ue t t em to de elo a e and en i onmentally iendly oduct and e ice and

to im lement e ec e mea u e to cont ol t ei a ociated en i onmental o occu a onal ealt i du in t an o -ta on in talla on and o e a on

Global Distribution of Goldwind's Suppliers in 2016-2018

Other countries in AsiaEurope

North America

e abo e mentioned data co e doe not in-clude ot e bu ine e ce t manu actu in

P ocu ement om to u lie

B billion

60 61




151

Green SupplyChain

Win-winCooperation

As a research and manufacturing enterprise for wind power equipment, the energy used and wastes created in the production process by the Company are relatively small in com-parison to the impact that the entire wind power industry chain has on the environment. As there is almost no pollution during the process of electricity generation by the WTG, most of the resource consumption and emissions are concentrated in its upstream sup-ply chain businesses. Since 2017, the Company has pioneered the notion “Green Supply Chain” in the industry and put forward system solutions, assisting suppliers in improving their environmental performances and reducing environmental risks, sparing no effort in building a sustainable supply chain.

After two years of systematic construction, the Company has established a green supply chain project management team to train and promote the corresponding notion among its suppliers. It works together with the suppliers to improve their environmental perfor-mance through actions, such as designing tailor-made energy-saving and environmental solutions or assessing their environmental performance. As of 2018, 20% of the suppliers had signed cooperation agreements to promote a green supply chain with the Company.

Amid the long-term and stable cooperation with its suppliers, the Company attends to their voices, encourages them to innovate and supports them at all levels, promoting tech-nological advances in the wind power industry together whilst sharing countless business opportunities with them.

Goldwind has many years of experience in building a wholly-excellent industrial chain. It has formed a strong partnership and synergy with its suppliers in terms of quality, cost, technology and coordination. In 2018, the Company continued to cooperate with its sup-plier, Systex, to demonstrate its advanced concepts and management experience in the wind power industry. By providing technical, informational, personal support and so on for them, it helped to systematically improve their management level. It trained 151 suppliers throughout the year, with content ranging from German & Japanese lean management ap-proaches, the APQP4Wind quality management system, salt and fog test training and NDT personnel upgrade training, etc. A total of 258 people participated in these sessions.

The Company established a green supply chain information management platform in 2018 to integrate multiple energy-saving and environmental systems such as smart energy man-agement, sewage discharge, solid waste disposal, atmospheric monitoring, green material management, etc.. By building a comprehensive environmental information management platform, data among various systems were seamlessly connected. This facilitated data collection, integration, analysis and utilization, significantly improving the environmental performance of suppliers.

In 2018, in order to evaluate green development performancethe Company developed differentiated evaluation criteria according to the specific industry of suppliers and for-mulated the Goldwind Green Supplier Evaluation Code (Trial Version) in order to compre-hensively evaluate their performance in terms of quality, service, cost, resource use and environmental protection. With an overall annual energy consumption of more than 3 million tons of standard coal or its equivalent as the baseline, 30 suppliers were evaluated, of which 6 green suppliers were selected and awarded with green certificates.

The green supply chain project reduces environmental risks of the wind power industry, improves the overall environmental performance of the supply chain, promotes its green transformation, enhances its market competence and drives its steady and healthy de-velopment. The Company has received honors such as the “Demonstrative Enterprise of National Green Supply Chain Management” and the “Pilot Enterprise of National Green Supply Chain Applications”.

Establishes a green supply chain project management team and develops internal green pilot projects for demonstration

A green pilot demonstration project has been developed at the Beijing office (Phase II) which has adopted ener-gy-saving technologies to transform its energy use. It employs techniques such as distributed photovoltaic, wind power and natural gas CCHP (combined cooling, heating and power) to increase the proportion of clean energy use. It also improves energy utilization by building an information platform for energy control and Key Performance Indi-cators (KPI) management.

Develops energy-saving, environmental technology and products, tailor-makes solutions for the suppliers

The Company has built an energy efficiency management platform for suppliers and implements projects like ener-gy-saving measures, residual heat utilization, smart control and so on to increase the proportion of renewable ener-gy usage. The Company also offers suppliers contracted energy management services, ranging from project design, engineering construction, equipment installation and calibration to personnel training, etc..

Organizes relevant forums, training etc. to promote the green supply chain concept

For two consecutive years, the Company has introduced green supply chain projects at supplier conferences, and has set up specific sections to promote knowledge of its management. The Company also regularly hosts green sup-ply chain forums, organizes specialized training of its management for suppliers, and communicates with them to jointly solve problems encountered during their green transformation.

Establishes a green information management platform for the suppliers and introduces the “Greenness In-dex” in their performance evaluation system

The Company has developed a green evaluation standard for its suppliers, measuring their environmental performance in the five aspects of energy utilization, resource usage, environment management, social recognition and economic input. It has also developed differentiated evaluation criteria based on their industry characteristics, establishing com-plete mechanisms for their green accreditation, selection, auditing, performance management and exit.

Suppliers trained

07 Community andPublic Benefit

United Nations Sustainable Development Goals Supportedold ind in i t on e e e t e e a e old ind eo le t e e a e old ind ocial e on ibili-e ene e t e Com any build a ind a m it donate teac in mate ial to local c ool and u o t oo local ou e old t lace em a i on el in t e de elo ment o out e n in ian e ion addin ca e and itality to t e a ea

old ind a been ca yin out t e c a itable o ect u tu in ind o C ina o many yea om dona n teac in mate ial to undin oo colle e tudent om educa on to t ainin u al

teac e it a e no e o t in im o in t e uality and tanda d o u al educa on

old ind mana e and a e ua d local natu al and ocial e ou ce in a u tainable manne du in it o e -a on n addi on it le e a e it bu ine t en t and e ou ce to im o e t e li eli ood o u oundin communi e ma imi in t ei benefit in it o e a on and el in communi e de elo

P65

P66

64 65




7.05

64

MaintainingRelationship with theCommunity

Supporting CommunityDevelopment

The Company considers itself a part of the community. It strictly abides by the laws and regulations of the regions and countries in which it operates, maintains good communi-cation with the community stakeholders, re-spects local cultures, and strives to integrate into the local community.

At the Company's headquarters in Beijing and Xinjiang, the Company regularly invites stakeholders to visit the park and workshops for further communication. During the development and construction phases of the wind farms, workers talk to community residents to identify developmental issues in the surrounding areas that needed to be ad-dressed urgently, and implement measures or conduct activities in response to their reasonable demands. Overseas, the Com-pany has set up a community relationship manager position based on local conditions to coordinate and conducts activities of community development.

For the development and construction of domestic wind farms, the Company has compiled the Environment and Social Risk Assessment and Action Plan Management. It has systematically identified 7 major risks, namely labor and working conditions, community health, safety and public se-curity, land acquisition, involuntary migra-tion, ethnic minority and cultural heritage management. There are risk identification

approaches, impact assessment methods and response plans being formulated. In addition, by compiling the Measures for Stakeholder Consultation and Participation Management, and Measures for External Communication and Complaint Mechanism Management, it regulates communication, coordination and complaint handling with residents, government agencies and other stakeholders, improving communication effi-ciency.

Apart from complying with the national and local laws and regulations and respecting the customs and culture of ethnic minorities, the Company takes the initiative to meet the requirements of the Convention concerning the Protection of the World Cultural and Natural Heritage. It adopts internationally recognized cultural heritage reports, field re-searches and record archives to identify and protect cultural heritages.

During the early stage of site selection of a wind power project, the Company tries its best to avoid setting up projects in cultural heritage reserves, leaving sufficient safety buffers. It actively seeks to take avoidant or preventive approaches instead of mitigation or compensation measures. When it is in-evitable to avoid adverse effects after trying alternatives, any impact will be minimized, and compensations will be given in an ap-propriate manner.

To support the 17 Sustainable Development Goals of the United Nations, in addition to con-tributing to global sustainable development through its core business, the Company actively supports the society through a wide range of actions. By conducting activities in areas such as poverty alleviation, education support, environmental protection, charity and public health, it ameliorates the community and promotes developments in education, infrastructure and pub-lic health to benefit the community. In 2018, the Company donated RMB 7.05 million.

The Company has set up a dedicated volunteer team to motivate employees to use their ex-pertise in social services, providing crucial support for various charitable activities. In 2018, the Company further regulated and enhanced the management capabilities of its volunteers. It enhanced their fundamental knowledge and implementation abilities in social services through training camp activities, promoting the spirit of volunteerism and creating a good atmosphere for social services.

To integrate the WTG into the natural landscape, the Company created WTGs with patterns on their towers and blades, blending them with the natural landscape and human environ-ment. During the construction process of the Niutouling Wind Farm Project in Tiandeng County, Chongzuo, Guangxi in December 2018, Goldwind's wholly-owned subsidiary, Tian-run New Energy, consulted the local government and cultural scholars. Patterns with local natural characteristics and folk customs such as bronze drums, Zhuang brocades, kapok, dalang dances, etc. are painted on the WTG tower and blades to promote the Zhuang cul-ture, rendering a unique local landscape.

Volunteer training in blind guides

Alleviating Poverty in Communities

As a clean energy and energy-saving en-vironmental enterprise originated from Xinjiang, the Company regards Xinjiang as the prime unit of assistance, sparing no effort in supporting the development of poverty-stricken areas in the district over the years – especially that of the poorer southern regions.

In 2018, the Company formulated the Measures for the Implementation of Social Welfare Management. Whilst visiting local people, benefiting them and giving them warmth, it has conducted a survey in con-junction with village officers of the Xinjiang Economic and Information Commission and the Development and Reform Com-mission on the current standard of living in Southern Xinjiang. By exploring the local peripheries of products and industries in the region, it has formulated correspond-

ing solutions and systematically planned poverty alleviation. In 2018, the Company donated and built a chicken cooperative at Ying'airike Village, Shache County, Kashgar region of Xinjiang, supporting the local vil-lagers to raise chickens and register trade-marks. The farmers spent half a year to produce 4 batches of 38,000 chickens and a net income of about RMB 350,000. The Company promoted the model to Wen-wutakecun Village, Tumantale Township of Makit County, investing and building a chicken farm for the local community. It also helped to build satellite factories and rearing cooperatives for other villages.

The Company seeks to employ local im-poverished residents in Xinjiang. It offered employment to 6 underprivileged people throughout the year.

Charity donations

RMB million

66 67




21,000+

3

Supporting Education Environmental Protection

Public Health

The Company focuses on supporting rural education and developing wind power innovative talents and technology. Through im-proving education facilities, training rural teachers and supporting wind power technology events, it improves the conditions of rural education, cares for future talent cultivation and promotes the development of innovative talents in the industry.

The Company seeks to leverage its experience in renewable energy and water treatment to promote clean energy utilization among communities.

In 2018, the Company invested RMB 1,313,600 for the construction of solar-electricity complementary energy supply projects, alongside pollution-free toilet renovation projects for the Yutian County of Hotan region and the Makati County of the Kashgar region in Xin-jiang. It introduced the use of new energy to poverty-stricken areas, hence improved the local conditions of energy distribution and usage. It also improved farmers’ sanitary envi-ronment and reduced the spread of disease through toilet renovation projects.

The Company values and advocates a healthy work and living style, gradually promoting the philosophy of “work efficiently, live happily” from its employees to other stakeholders such as nearby communities. It also organizes internal club teaching resources and sport-ing venues to open them to public use.

Since 2017, for two consecutive years the Company has supported the Beijing Marathon in the form of green power certificate sponsorship. It has formed a wind power team and conducted various activities such as training camps, leisure and charity running. In 2018, apart from sponsoring the Guangzhou Marathon in the form of green power certificate sponsorship, the Company also held the first wind power industry marathon at Dafeng District of Yancheng, Jiangsu Province – the Wind Power Industry Invitational Marathon. Under the theme “green, environmentally friendly and healthy”, the event calls on all cit-izens to improve their physical fitness whilst at the same time, promulgating the concept of being green and low-carbon. A total of 3,664 athletes from the wind power industry all over the country, plus other amateurs participated in the competition.

Donation of Educational Materials Training Rural Teachers Supporting Wind Power

Technology Events

The Company donates educational materials and teaching facilities to rural primary and secondary schools. Its con-tributions cover 16 provinces, including Xinjiang, Jiangxi, Hebei, Henan, Gansu, Qinghai, Guizhou, etc., benefiting more than 21,000 rural teachers and stu-dents.It initiated the campaign "Caring for Southern Xinjiang through Donation”, organizing company employees and nearby schools to hold activities for ma-terial donations. The campaign collect-ed 28,000 pieces of clothes, toys and learning commodities, which were de-livered to counties in Southern Xinjiang such as Makati, Shache, Moyu, Yutian and Pishan, benefiting nearly 20,000 students.

It undertakes the “Wind for the Future” rural teacher training charity project for three consecutive years, inviting 27 rural teachers from the extremely poor villages among seven counties of Xinjiang’s Hotan and Kashgar regions to visit the Company headquarters. They participated in professional teaching and training sessions provided by edu-cational experts and teachers from Bei-jing, visited the Xinjiang Museum, the Goldwind Dabancheng Wind Farm and the assembly factory to learn advanced teaching methods and expand their horizons.

The Company has jointly held the “Goldwind Cup - Smart Energy Inno-vation Challenge” with the Beijing Institute of Technology and Tsinghua University, encouraging and cultivating college students to become thinkers and actors for energy revolution. The event built an exchange platform for innovative thinking and incubated new ideas, technology and business projects that drive the revolution.

Rural teachers and students benefited

Goldwind Library donated by the Company

The 3rd “Wind for the Future” – Rural teacher training charity project

Marathons participated and organized

68 69




Overseas Charitable Workold ind ad e e to t e belie locali ation i t e ey to

internationalization”. It learns and obeys local rules and e ula on e ect local cultu e and ac ce ac ely in-

te ate it el into t e ociety u o t t e de elo ment o c a itable o and benefit local e ident e Com any

a e it accumulation o ind o e e e ti e to local communi e inc ea e t ei unde tandin o ind o e it ele ant tec nolo ie a ell a ai in t ei en i onmen-tal a a ene t al o und t e con t uc on o oad la a

and ot e acilitie to o ide con enience o t ei t a el and ec ea on

t e Com any bu ine e co e o e count ie in continent it c a ity oot int a al o ead o e ea alon it it o e a on e ec n it c a itable ilo o y o e e e t e e a e old ind eo le t e e a e old-

ind ocial e on ibili e

n C ica o t e Com any o ani ed m and m al in c allen e o em loyee and t ei

amilie to u o t t e incoln oo

n ailand em loyee lanted t ee to et e it local e ident in e a a on o t e ainy ea on

n u t alia t e Com any o ani ed em loyee to a ci ate in t e local t adi onal ay

n Panama em loyee donated muc needed o t-in e ui ment to t e local ba eball team and olun-teered to teach the children baseball.

n C ile t e Com any donated clot e and lea nin commodi e to u oundin ima y c ool u o t-in local im o e i ed tudent

n cuado t ou local c a ity oundation t e Com any em loyee donated tatione y and toy o ima y c ool tudent nea t e ind a m and

u ed t ei a e me to teac t em ba ic C ine e

U.S.A.

Panama

Ecuador

Chile

Thailand

Australia

70 7170 71

Prospect

It has always been Goldwind’s mission to "Preserve Blue Skies and White Clouds for the Future” through developing renewable energy. By promot-ing green development and deep energy transformation through industrial innovation, the Company strives to become a global leader in clean ener-gy, energy conservation and environmental protection.

Looking ahead, opportunities and challenges coexist in 2019. The past 20 years of growing experience of Goldwind demonstrated that various challenges, in fact, brought to the Company new opportunities, which were the engines that drove its leapfrogging evolution. The Company will continue its pioneering spirit and further its competitiveness in the areas of technology strategies, product diversity, business models, etc. to start a new chapter of progress.

Whilst grasping the present moment to develop, Goldwind sets its eyes for long-term planning. The Company pursues sustainable operation and long-term success, always sticking to the co-development of economic, social and environmental benefits. In addition, it always takes into account the interests of various stakeholders in the process of business growth, striving to achieve sustainable and prosperous development together with them.

In the future, the Company will continue to improve its sustainable devel-opment management system and consolidate its foundation to form long-term mechanisms for its continuous advancement. By integrating the con-cept of sustainable development into its business strategies and culture, a responsible business model embedded with Goldwind features is born within, rendering the Company an international wind power enterprise that is respected and recognized by the society.


72 73

Indicator Unit 2018 2017 2016otal a et alue million Be enue million Bet ncome ibutable to a e olde million B

a Payment million Botal cumula e in talled ca acity GW

Indicator Unit 2018 2017 2016umbe o e onnel Person

e onnel a o o on o total em loyee in e tment million B in e tment a a e centa e o bu ine e enue

otal dome c atent a lica on temotal dome cally in ented atent a lica on temotal dome c atent licen e temotal dome cally in ented atent licen e temotal o e ea atent a lica on temotal o e ea atent licen e tem 77ome c tanda d e n a ci ated tem

nte na onal tanda d e n a ci ated tem 7

Indicator Unit 2018 2017 2016Po e con um on t e mal million -Po e con um on ind ola million -

a oline con um on kL -ie el con um on kL -P con um on m -atu al a con um on m -ate con um on ton -e all ene y con um on e B e enue on o tanda d coal

B -

ood ac a in mate ial Ton -a a dou a te Ton -ene al olid a te con t uc on a te Ton -

C mi ion on o C -co e on o C -co e on o C -

a a dou a te ene ated e o manu actu ed on -Con t uc on a te ene ated e o in talled on -C emi ion e B e enue on B -

Indicator Unit 2018 2017 2016otal numbe o em loyee Person

By ty e o em loyment Cont actual ta Person

i atc ed labo Person ta by labo a eement Person

Interns PersonBy ende

emale Personale Person

By a eed o belo Personed Personed Personed o abo e Person

By e ionChina Person

t e ian count ie Person 75u o e Persono t me ica Personout me ica Personceania Person

Africa PersonBy eciali a on

P oduc on ta Personale ta Personec nical ta Person

Cu tome e ice ta Persondmini t a e ta Person

By educa onal le elPo t aduate o abo e Person

nde aduate PersonCollege or below Person

Indicator Unit 2018 2017 2016Labor contracts signing rate

ocial in u ance co e a e e centa eemale mana ement ta Pe on -m loyee it di abili e Pe on -t nic mino i e Pe on -o ei n ta Pe on -nnual aid aca on e ca ita ay -

72 73

Performance IndicatorsEconomic Performance Staff Structure

Equal Opportunities and Recruitment Compliance

Research & Development

Environmental Management

ate con um on i not e ui ed in t e oce o oduc on and ate t eatment oce e do not con ume ate om t e natu e ate i mainly u ed in t e o ce and in du t u e ion and eenin du in t e oce o ind a m de elo ment and con t uc on

a a dou a te include cate o y ty e o anic ol ent t at a e ene ated du in oduc on e aint and cate o y ty e o anic e in e olidifie ad e i e

Con t uc on a te include con t uc on a te ene ated du in t e de elo ment and con t uc on o ind a m

nte n a e not included in t e total ta numbe


74 75

Indicator Unit 2018 2017 2016ta tu no e ate

By endeemaleale

By a eed o beloed ed ed o abo e

By e ionChina

t e ian count ieu o eo t me icaout me icaceania

Africa

Indicator Unit 2018 2017 2016Training hours per capita ou -

By ta le elenio mana ement ou -iddle lo e mana ement ou -

unio ta ou -By ende

emale ou -ale ou -

a o o ta a in ecei ed t ainin -By ta le el

enio mana ement -iddle lo e mana ement -

unio ta -By ende

emale -ale -

Indicator Unit 2018 2017 2016ccu a onal di ea e Persona o a ety incident Person

Ca ual e due to o accident Persono in day lo due to occu a onal in u ie ay

Safety training sessions Person -By cate o y

ecial o e a on ta Person -a ety mana ement ta Person -

Frontline operators Person -e em loyee Person -

Persons in charge Person -Bu ine ta Person -

Indicator Unit 2018 2017 2016otal c a ity dona on B

Indicator Unit 2018 2017 2016umbe o ma o u lie Com anyBy e ion China Com any

t e ian count ie Com any 7 7 7u o e Com anyo t me ica Com any

74 75

Staff Turnover Rate Occupational Health & Safety

Supply Chain Management

Community Charity

Staff Training

ta u no e ate numbe o ta le e annum a e a e ta numbe e annum e ea a e a e ta numbe e annum mont ly ta numbe

i include a ety t ainin e ion o ided o em loyee o a e in ol ed in t e o o dome c o o e a on maintenance o the WTGs.

e e a e ualified u lie ic o ide a mate ial o e ice o t e includin e ui ment a t oduc on tool e ui ment ac a in etc e ualifica on con i t o o e t in ent a e ment co e in bu ine o e a on tec nolo y uality e ice a ety etc

in acco dance it t e Com any document e elo ment ana ement ea u e o ui ment u lie


76 77


IndexDisclosures and KPIs Page

co e n i onmental

mi ion

ene al i clo u e P

e ty e o emi ion and e ec e emi ion data P

een ou e a emi ion in total in ton and den ity i a licable i e e unit o oduc on olume e acility P

otal a a dou a te oduced in ton and den ity i a licable i e e unit o oduc on olume e acility P

otal non a a dou a te oduced in ton and den ity i a licable i e e unit o oduc on olume e acility P

e c i on o mea u e to mi ate emi ion and accom li mentP P

e c i on o di o al o a a dou and non a a dou a te and mea u e and accom li ment o reducing their output. P

e o e ou ce

ene al i clo u e P

i ect and indi ect ene y con um on by ty e e elect icity a o oil in total in and den i-ty i e e unit o oduc on olume e acility P

ate con um on in total and den ity i e e unit o oduc on olume e acility P

e c i on o ene y u e e ciency ini a e and accom li ment P P

e c i on o et e t e e i any i ue in ac ui in a o iate ate ou ce and lan and accom li -ment o im o in ate u a e e ciency P P

otal ac a in mate ial u ed o fini ed oduct in ton and o o on o eac manu actu in unit i a licable P

e n i onment and atu al e ou ce

ene al i clo u e P

e c i on o i nificant im act o ac i e on t e en i onment and natu al e ou ce and t e ac on ta en to mana e t em P

co e ociety

m loyment and abo P inci le

B m loyment

ene al i clo u e P

B otal o o ce by ende em loyment ty e a e ou and eo a ical e ion P

B m loyee tu no e ate by ende a e ou and eo a ical e ion P

B ealt and a ety

ene al i clo u e P

B umbe and ate o o elated atali e P75

B Lost working days due to work injury. P75

B e c i on o occu a onal ealt and a ety mea u e ado ted and met od o t ei im lementa on and u e i ion P

Disclosures and KPIs Page

B e elo ment and ainin

ene al i clo u e P

B e e centa e o em loyee t ained by ende and em loyee cate o y i e enio mana ement middle mana ement P

B e a e a e t ainin ou com leted e em loyee by ende and em loyee cate o y P

B abo tanda d

ene al i clo u e P

B e c i on o mea u e to e ie em loyment ac ce to a oid c ild and o ced labo P

B e c i on o te ta en to eliminate uc ac ce en di co e ed P

e a n P inci le

B u ly C ain ana ement

ene al i clo u e P

B umbe o u lie by eo a ical e ion P

B e c i on o ac ce elated to en a in u lie numbe o u lie e e t e ac ce a e bein im lemented and met o d o t ei im lementa on and u e i ion P

B P oduct e on ibility

ene al i clo u e P

B Percentage of products sold or shipped subject to recalls for safety and health reasons. P

B umbe o oduct and e ice elated com laint ecei ed and o t ey a e dealt it P

B e c i on o ac ce elated to ob e in and otec n intellectual o e ty i t P

B e c i on o uality a u ance oce and ecall ocedu e P

B e c i on o con ume data otec on and i acy olicie and met od o t ei im lementa on and u e i ion P

B n co u on

ene al i clo u e P

B umbe o clo ed le al ca e e a din co u t ac ce b ou t a ain t t e i ue o it em loyee du in t e e o n Pe iod and t e outcome o t e li a on P

B e c i on o e en e mea u e and i tle blo in ocedu e and met od o t ei im lementa on and u e i ion P

Community

B Community n e tment

ene al i clo u e P

B ocu a ea o cont ibu on i e educa on en i onmental conce n labo need ealt cultu e o t P

B e ou ce cont ibuted i e money o me to t e ocu a ea P

78 79


Independent Assurance Statement

To the Board of Directors of Xinjiang Goldwind Science & Technology Co., Ltd.:

CECEP (HK) Advisory Company Limited (“CECEPAC (HK)” or “We”) has been engaged by Xinjiang Goldwind Science & Technology Co., Ltd. (“Goldwind”) to conduct an independent limited assurance engagement on the information and data in the 2018 Sustainability Report (“Sustainability Report”) of Goldwind.

This independent assurance statement has been prepared in English and Chinese versions. Should there be any discrepan-cies between these versions, the English version shall prevail.

I. Goldwind’s ResponsibilitiesGoldwind is responsible for the preparation and presentation of the Sustainability Report in accordance with the Envi-ronmental, Social and Governance Reporting Guide (“ESG Reporting Guide” ) issued by the Stock Exchange of Hong Kong Limited (“SEHK”). Goldwind is also responsible for im-plementing internal control procedures to ensure that the contents of the Sustainability Report are free from material misstatement, whether due to fraud or error.

II. Assurance Provider’s Responsibilities CECEPAC (HK) is responsible for issuing an independent assur-ance statement to the Board of Directors of Goldwind. This independent assurance statement applies solely to express-ing a conclusion on the assurance work in the specified scope of Goldwind’s Sustainability Report, and does not serve any other intents or purposes.

CECEPAC (HK) ensures that all personnel involved in the as-surance work meet professional qualification, training and experience requirements, and are demonstrably competent. CECEPAC (HK) also ensures that personnel involved in the assurance work are capable of conducting assurance engage-ments. All results of assurance and certification audits are internally reviewed by senior staff to ensure that methodol-ogies used in the process are sufficiently stringent and trans-parent.

III. Assurance Scope• Adoption of a Type 2 Moderate Level of Assurance to eval-uate the nature and extent of the Sustainability Report’s adherence to the Principles of Inclusivity, Materiality and Re-sponsiveness (the three AA1000 AccountAbility Principles);

• Assess the extent to which the Sustainability Report aligns with the ESG Reporting Guide issued by SEHK;

• Limited assurance of the reliability and accuracy of three specified performance indicators disclosed in the Sustainabil-

ity Report agreed upon and selected between Goldwind and CECEPAC (HK). The selected specified performance indicators are as follows：

• Liquefied Petroleum Gas and Natural Gas Consumption

• Total Number of Patent Applications and Patent Licenses

• Training Hours per Capita

• The scope of the assurance engagement is limited to in-formation disclosed for the 1 January 2018 to 31 December 2018 period, and any information that falls outside this peri-od or any other data that is disclosed in the Sustainability Re-port are not included within the assurance scope. Therefore, we do not express any conclusions on this information;

• The scope of the assurance engagement is confined to the information provided by Goldwind only. Any queries re-garding the content or related matters within this assurance statement should be addressed to Goldwind only;

• The scope of the assurance engagement is confined to data and information in the Sustainability Report that relate to Goldwind and its subsidiaries only, and does not include Goldwind’s suppliers, contractors, and data or information provided by other third parties.

IV. MethodologyCECEPAC (HK)’s assurance engagement was conducted at Goldwind’s headquarters and Electric Control Factory in Bei-jing, and the assurance work included:

• Assessing the suitability of Goldwind’s stakeholder en-gagement participation process;

• Conducting interviews with personnel involved with sus-tainability management, report preparation and the provi-sion of other relevant information;

• Assessing whether the reporting and management ap-proach for the Sustainability Report have been conducted in line with the AA1000AS principles of Inclusivity, Materiality and Responsiveness;

• Reviewing the supporting evidence for qualitative speci-fied performance indicators;

• Conducting random sampling of evidence pertaining to quantitative specified performance indicators;

• Recalculating quantitative specified performance indica-tors;

• Performing other procedures we deemed necessary.

Assurance work was performed and the conclusions within were based upon information and data provided by Goldwind to CECEPAC (HK), and on assumptions that the information

provided was complete and accurate.

V. LimitationsThe absence of a significant body of established practice on which to draw to evaluate and measure non-financial infor-mation allows for different, but acceptable, measures and measurement techniques and can affect comparability be-tween entities.

VI. ConclusionsIn accordance with the AA1000AS principles of Inclusivity, Materiality and Responsiveness, and the ESG Reporting Guide published by SEHK, our conclusions are as follows:

InclusivityGoldwind has identified key stakeholders and has established a database of sustainability issues through various forms of stakeholder engagement. Goldwind has demonstrated that their formulation of policies and daily operations account for stakeholders’ expectations and their potential impacts. In our professional opinion, Goldwind adheres to the principle of Inclusivity.

MaterialityGoldwind has accounted for stakeholders’ needs and con-cerned issues, and has disclosed qualitative and quantitative sustainability material issues and key performance indicators based on its unique business characteristics, legal and regu-latory requirements, economic and social impacts, etc. In our professional opinion, Goldwind adheres to the principle of Materiality, and has identified material aspects using suitable means and presented these material issues in a matrix for-mat.

ResponsivenessGoldwind has developed multi-faceted means of communica-tion and strengthened communication with stakeholders. In response to stakeholders’ needs and concerned issues iden-tified in the materiality assessment, Goldwind has responded accordingly to their needs and issues in their Sustainability Report. In our professional opinion, Goldwind adheres to the principle of Responsiveness.

SEHK (ESG Reporting Guide)Disclosures for indicators of environmental and social aspects have been provided, in all material aspects, in alignment with the ESG Reporting Guide issued by SEHK. Our observations and recommendations for the Sustainability Report have been adopted by Goldwind before the issuance of this assur-ance statement.

Specified Performance IndicatorsBased on the procedures CECEPAC (HK) has performed and the evidence we have obtained, nothing has come to our attention that causes us to believe that the disclosure of the three selected specified performance indicators in the Sus-tainability Report for the year ended December 31, 2018 is unreliable, inaccurate or not been prepared, in all material respects, in accordance with the basis of reporting for the Sustainability Report.

VII. RecommendationsWe recommend that Goldwind consider strengthening the below aspects for future reports:

• Improving the Inclusivity of materiality assessments within the sustainability report by increasing the number of respondents across stakeholder groups;

• Enriching communication channels with stakeholders, fur-ther strengthening efforts to collect stakeholders’ views per-taining to Goldwind’s sustainability performance, and disclos-ing response measures and outcomes in future sustainability reports.

VIII. Independence and Competence CECEPAC (HK) was not involved in collecting and calculating data, or in the development of this Sustainability Report. CE-CEPAC (HK)’s activities are independent of Goldwind. There is no relationship between Goldwind and CECEPAC (HK) beyond the contractual agreement for providing this assurance en-gagement.

March 27, 2019Hong Kong

80


Feedback Form

ea eade

an you o eadin t e u tainability e o t in ian old ind cience ec nolo y Co td e ince ely o e to et you comment and u e on e a din t i e o t and ou o a ell Plea e end t e filled eedbac o m to u ia mail email a e cannin o a o call you aluable ad ice di ectly eally a eciate it

dd e o Bo in t oad conomic ec nolo ical e elo ment one Bei in C ina

Po t code

a

mail old ind old ind com cn

1. Which of the following stakeholder do you belong to? a e olde m loyee u lie Cu tome o e nment Community

inancial in tu on cademic in tu on t e lea e eci y

2. Have you read the Sustainability Report of Goldwind? (If no, please ignore No.3, 4, and 5) e o

3. If yes, do you read a paper version or an electronic version? Pa e e ion lect onic e ion

4. Which version do you wish to read? Pa e e ion lect onic e ion

5. What is your overall evaluation for this report? eadability i e intelli ible e e ion beau ul de i n a ac e content and ea y to find t e e ui ed in o ma on

ood ene al oo

eliability e in o ma on in t i e o t i t ue and eliable

ood ene al oo

Com letene e e o t ould e ect o i e and ne a e in o ma on and mee n you need in in o ma on

ood ene al oo

6. In addition to the contents that have been disclosed, what kind of information do you wish to read?

a c ，

Sustainability Report - GOLDWINDgoldwindglobal.com/images/about/duty/report/2018.pdf ·...

Documents

Transcript of Sustainability Report - GOLDWINDgoldwindglobal.com/images/about/duty/report/2018.pdf ·...