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).