Vestas Wind Systems
ESRS disclosure: ESRS E4 \ DR E4.IRO-1 \ Paragraph 18
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- Provide a detailed account of the processes your company employs to identify and evaluate material impacts, risks, dependencies, and opportunities related to biodiversity and ecosystems. Specifically, disclose whether and how your company has engaged in consultations with affected communities regarding sustainability assessments of shared biological resources and ecosystems. Include information on instances where a site, raw material production, or sourcing is likely to adversely affect biodiversity and ecosystems, and identify the specific sites, raw materials production, or sourcing activities that have negative or potentially negative impacts on these communities.
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Question Id: E4.IRO-1_06
Affected communities were not consulted or involved in the materiality assessment. We have not identified any material negative impacts on priority ecosystem services of relevance to affected communities in our overall analysis. For more information about our approach to biodiversity, see pages 83-85.
Though geospatial data corroborates the proximity of our factories to biodiversity-sensitive areas such as Natura 2000[1] areas. None of our facilities located near biodiversity-sensitive areas have been assessed to lead to material deterioration or disturbance of natural habitats or the habitats of species.
Report Date: 4Q2024Relevance: 50%
- Has the undertaking utilized biodiversity and ecosystems scenario analysis to inform the identification and assessment of material risks and opportunities over short-, medium-, and long-term time horizons? If so, provide a detailed account of the processes employed to verify the business model(s) using a range of biodiversity and ecosystems scenarios, or other scenarios that model biodiversity and ecosystems-related consequences, with different possible pathways.
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Question Id: E4.IRO-1_10
The analysis of transition and physical biodiversity risks (including systemic risks) is conducted using third-party software solutions, also allowing assessment of biodiversity risks across multiple future looking scenarios and time horizons, and by leveraging internal and external subject matter expertise. See section E1 IRO-1 on page 65 for more information on the scenarios used in the analysis.
Report Date: 4Q2024Relevance: 80%