Vestas Wind Systems
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 c
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- Provide a detailed description of the processes and strategies your organization employs to establish, develop, promote, and evaluate its corporate culture, as required under Disclosure Requirement G1-1 concerning business conduct policies and corporate culture.
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Question Id: G1-1_01
Building and promoting a strong ethical culture is essential for long-lasting relationships with stakeholders and being a trusted partner in the energy transition. Vestas’ corporate culture in relation to business conduct is not established through policies, but through annual communication campaigns, trainings, and awareness initiatives as part of our global and regional compliance programmes. These include 'Accountability' as a key reinforced in annual townhalls, employee development dialogues, and other communication initiatives. Our corporate culture is evaluated through the Global Compliance Survey and Employee Engagement Survey.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the measures your organization has implemented to safeguard against reporting irregularities, specifically focusing on the protection mechanisms in place for whistleblowers. This information should align with the requirements outlined in Disclosure Requirement G1-1 concerning business conduct policies and corporate culture.
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Question Id: G1-1_05
The EthicsLine Policy sets the framework for our whistleblower system, designed to investigate suspected violations of laws and Vestas’ policies and procedures. Available to all employees and third parties, the policy applies globally across our value chain. It emphasises a safe reporting environment and details protections for individuals reporting misconduct or cooperating with investigations. The policy underscores the importance of a safe reporting environment and details the protections available to individuals who report misconduct or cooperate in good faith with an EthicsLine investigation, relating to our material impact on protection of whistleblowers.
Report Date: 4Q2024Relevance: 85%