Vestas Wind Systems
ESRS disclosure: ESRS E1 \ DR E1.IRO-1 \ Paragraph AR 11 a
Tags Tree
- Has your company identified climate-related hazards over short-, medium-, and long-term time horizons, and assessed whether its assets and business activities may be exposed to these hazards, as part of the processes to identify and assess material climate-related impacts, risks, and opportunities?
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Question Id: E1.IRO-1_03
The scenarios are assessed across three different time horizons; short-term 2030 (2021-2040), mid-term 2050 (2041-2060), and long-term 2070 (2061-2080). The time horizons are different from the ESRS. Although the risk of drastic environmental changes is most significant in the long term, they average lifetime of our assets, our strategic planning horizon, and our capital allocation plans do not stretch beyond the mid-term. Therefore, assessing physical risks in the short and mid-term is most strategically relevant. The materiality of the acute and chronic physical risks is determined based on the potential impact on Vestas using a consequence/likelihood scale.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking identified climate-related hazards over the short-, medium-, and long-term, and screened whether its assets and business activities may be exposed to these hazards, as per Disclosure Requirement E1-9 and ESRS 2 IRO-1?
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Question Id: E1.IRO-1_04
The scenarios are assessed across three different time horizons; short-term 2030 (2021-2040), mid-term 2050 (2041-2060), and long-term 2070 (2061-2080). The time horizons are different from the ESRS. Although the risk of drastic environmental changes is most significant in the long term, they average lifetime of our assets, our strategic planning horizon, and our capital allocation plans do not stretch beyond the mid-term. Therefore, assessing physical risks in the short and mid-term is most strategically relevant. The materiality of the acute and chronic physical risks is determined based on the potential impact on Vestas using a consequence/likelihood scale.
Report Date: 4Q2024Relevance: 65%