As a leading global provider of complete wind power solutions, Goldwind has always been striving to use our own professional advantages to solve the energy and environmental problems facing society. By contributing products and services related to clean energy infrastructure, we have created an endless stream of clean energy for the communities we serve. In this way, we do our own small part to mitigate global resource shortages and combat climate change. In our decisions and management processes, we always consider the effects of our actions on employees, customers, suppliers, and the community. We do our best to protect the interests of our stakeholders and lay a foundation for future development. By minimizing negative effects on stakeholders and striving to maximize their long-term benefits, we hope to continuously grow together.
Goldwind's work in wind power generation is closely related to environmental protection, so it is natural for us to have a strong sense of CSR and make substantial efforts to fulfill our responsibilities. Our company plays the full role of the new energy industry in improving energy structure and helping construct an ecological civilization. As of the end of 2018, Goldwind had a global installed capacity of over 50 GW. This is equivalent to reducing CO2 emissions by 104.32 million tons each year or replanting 57.01 million cubic meters of forest.
In our own production and operation processes, we have established a sound environmental management system to strictly control the company's energy consumption and emissions. We do our best to use renewable energy and reduce waste and emissions. We are committed to green production and operation practices to reduce the environmental impact of our wind turbines throughout their lifecycle.
As a company engaged in clean energy, energy efficiency, and environmental protection, and while seeking to make a profit and benefit our stockholders, we also recognize our responsibilities to the community. Since 2016, we launched our "Wind for Future" charity initiative and have organized events in 20 provinces and municipalities throughout China, benefiting over 42,000 rural students, teachers, and the elderly of ten minority ethnic groups.
Our company's Sustainability Report is an important tool for communicating with stakeholders. The report aims to give an honest record of the company's Sustainability philosophy, specific actions, and performance. This system allows us to respond to Sustainability issues that concern us all. "There is an essential difference between a good company and a great one: A good company will continue to develop good technologies and products and provide benefits and value to its customers, but a great company, in addition, will strive to make the world around it better."