Vestas Wind Systems
ESRS disclosure: ESRS E1 \ DR E1.IRO-1 \ Paragraph AR 11 d
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- Indicate whether and how your company's policies address the areas related to climate change mitigation and adaptation as outlined in Disclosure Requirement E1-2.
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Question Id: E1-2_01
In line with Vestas' Safety, Quality, Health, and Environmental (SQHE) Policy and Health, Safety, and Environment (HSE) framework, we have a commitment to proactively identify and manage all material IROs related to climate change mitigation and adaptation, and to promote risk-based thinking and acting. Our SQHE Policy and HSE framework together serve as the key policy anchors to manage all environmental IROs identified throughout the environmental sections of the sustainability statement i.e. E1, E3, E4 and E5.
Report Date: 4Q2024Relevance: 85%
- Does the undertaking's process for identifying and assessing material climate-related impacts, risks, and opportunities include an explanation of whether and how the identification of climate-related hazards and the assessment of exposure and sensitivity are informed by high emissions climate scenarios, such as those based on IPCC SSP5-8.5, relevant regional climate projections, or NGFS climate scenarios with high physical risk like "Hot house world" or "Too little, too late"?
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Question Id: E1.IRO-1_07
Changes in specific climate variables are assessed using three of IPCC’s Shared Socioeconomic Pathways (SSP) SSP 1-2.6, SSP 2-4.5, and SSP 5-8.5. SSP 1-2.6 is an aggressive mitigation scenario, where consumption is focused on minimising material resources and energy usage, and net-zero is reached after 2050. SSP 2-4.5 is a ‘middle of the road’ scenario, where emissions remain around current levels until mid-century from where they decline towards 2100. SSP 5-8.5 is a high-emission, worst-case scenario, where fossil-fuel development and dependence continue throughout the 21st century.
Report Date: 4Q2024Relevance: 85%