Vestas Wind Systems
ESRS disclosure: ESRS E1 \ DR E1.IRO-1 \ Paragraph AR 12 b
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- Has the company assessed the extent to which its assets and business activities are exposed and sensitive to identified transition events, considering the likelihood, magnitude, and duration of these events? Provide a detailed explanation of the processes used to identify and assess material climate-related impacts, risks, and opportunities, as required under paragraph 20 (c) of the ESRS regulations. Ensure that the disclosure aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_12
Transition risks and opportunities are identified through literature review, and engagement of internal and external subject matter experts. A list of sector-specific risks only is applied, however, market and opportunities are identified alongside a list of sector-specific opportunities related to resource efficiency, energy sources, products, service, and markets.
Afterwards, these risks and opportunities are ranked based on their potential impact on Vestas using a consequence/likelihood scale. The assessment of the potential impact of the most material transition risks and opportunities is based on two different scenarios and assessed across three different time horizons; short term (one-five years), medium term (five-10 years), and long term (10-30 years).
Report Date: 4Q2024Relevance: 85%