ESG related
Sustainability
statement 2024
From 2024 onwards, we are reporting on sustainability as an integrated part of our Annual report in accordance with the EU’s Corporate Sustainability Reporting Directive (CSRD), and its reporting framework the European Sustainability Reporting Standards (ESRS). The integration of sustainability into the Annual report is reflected in our inaugural Sustainability statement.
We continue to make good progress across a wide range of topics, with a clear focus on achieving the objectives of our sustainability strategy. Our sustainability ambitions and achievements are recognised externally, as once again, in January 2025, we were ranked the most sustainable energy solutions company in the world by Corporate Knights Global 100 ranking. Our process of decarbonising our supply chain is progressing as planned and we have continued to improve our material efficiency and recycling rates. We are also on target for increasing our share of women in leadership positions. While we have managed to reduce our TRIR by 9 percent since 2020, we remain committed to maintaining progress and meeting our 2025 and 2030 targets. However, our performance reviews show that we are currently not on track to meet our mid-term 2025 target for our own emission (scope 1 and 2), as Vestas has undergone major structural changes since the targets were set in 2019. We will continue to review progress towards these targets and update our transition plan to drive further reductions in GHG emissions in our operations and supply chain.
More information about these topics and many others can be found in the Sustainability statement that is included in the 2024 Annual report.
"Sustainability in everything we do"
Our Sustainability Strategy has four key goals and ambitious targets:
1. Decarbonisation of own operations and supply chain by 2030 without carbon offsets
2. Zero-waste wind turbines by 2040
3. Becoming the safest, most inclusive, and socially responsible company in the energy industry
4. Leading the transition to a world powered by sustainable energy
ESG questionnaires and ratings
At Vestas we welcome the increased focus on and need for transparent ESG reporting. At the same time, we see a growing demand for providing the needed data and have therefore implemented a yearly evaluation process to determine which ratings and indices to support in the coming year.
Much of the information and data investors are looking for is readily availabe in our Sustainability Reports, and hence we encourage you to start here, if you have questions related to our approach to and data on environmental, social, and governance topics.
