In alignment with our resource management policy objective, we continuously work to reduce, reuse, and recycle resources for our assets. As we have a large portfolio of offshore wind farms in operation, our ability to increase the reuse and refurbishment of spare parts during the lifetime of the assets can both lower our use of virgin materials, extend the lifetime of the assets, and reduce our operational costs. In 2024, we have progressed on this action by ordering more than 300 refurbished yaw brake calipers on our East and West Coast hubs in the UK. Calipers are used to hold the nacelle in place when the brakes are applied and are a part of the hydraulic system. For each caliper we reuse, we also lower the cost of our wind farm maintenance. In addition, we have set up refurbishment loops for several other minor components with a long leadtime to reduce the risk of lost production. By 2030, we intend to establish fully commercial, technically approved refurbishment loops for more than 100 of our key minor components, reducing our overall need for virgin materials during the operational phase of our renewable assets. This is further a mitigation measure towards our identified risk related to the global increase in demand for various scarce critical materials.

The materials wasted during construction, operation, and decommissioning constitutes a negative impact. In general, we see two complementary pathways to address waste generation that we must work on simultaneously. Firstly, we must consider if our waste generation can be avoided in the first place, by addressing the challenges at their root cause. This is done as we work to design our assets with minimal reliance on the use of a specific material, for example by switching non-recyclable content with more recyclable content to allow for proper waste treatment. At the same time, we need to ensure that waste is diverted from disposal by enhancing sorting and collection processes as well as supporting the maturation of reuse and recycling markets for our components and materials.