Vestas Wind Systems
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 g
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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 detailed information regarding the undertaking's policy for training within the organisation on business conduct. This should include specifics on the target audience, the frequency of training sessions, and the depth of coverage.
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Question Id: G1-1_10
Our Global and Regional Compliance Programmes serve as our training policy for business conduct and relate to our impact on corruption and bribery (including anti-bribery). Our Global and Regional Compliance Programmes are updated annually. The scope of the programmes is global and regional in nature covering all of Vestas’ own workforce. The target audience is defined through a risk-based approach linked to the global compliance survey and EthicsLine cases. The current functions determined to be most at risk for bribery and corruption are office employees and service technicians due to the nature of their functions. The fundamental training is conducted as part of the onboarding process and based on the survey and EthicsLine cases. Additional training is performed on a yearly basis, covering areas relevant for Vestas.
Report Date: 4Q2024Relevance: 90%