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.

Processes to identify and assess material impacts, risks, and opportunities include screening of assets as part of our DMA to understand impacts, risks, and opportunities across the value chain. We have not undertaken direct consultations with affected communities as part of the screening. We apply life cycle assessments (LCAs) for enhanced insights into impacts related to the use and depletion of virgin materials. We have calculated the recyclability rate of materials in offshore wind farms to understand recycling potential.

Policies related to resource use and circular economy include a 'Resource management policy' to minimize the use and depletion of virgin resources by developing circular value chains with suppliers. A 'Waste management policy' addresses negative impacts of materials wasted, outlining waste management processes and providing definitions for waste management assurance.

Key actions related to resource inflows involve a quantitative breakdown of key materials used in renewable energy assets, engaging with key suppliers on decarbonisation matters, and sourcing more scrap steel to increase lower-emissions steel usage.

Key actions related to resource outflows focus on addressing waste generation during construction, operation, and decommissioning by designing assets with minimal reliance on specific materials and ensuring waste is diverted from disposal by enhancing sorting and collection processes. Transition pieces for offshore wind farms are made from recyclable materials to increase recyclability rates.