Vestas Wind Systems
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10a
Tags Tree
- Provide a detailed description of the mechanisms your company employs for identifying, reporting, and investigating concerns regarding unlawful behavior or actions that contradict your code of conduct or similar internal rules. Additionally, specify whether these mechanisms allow for reporting from both internal and external stakeholders.
-
Question Id: G1-1_02
EthicsLine is our whistleblower system and main mechanism for identifying, reporting, and investigating concerns, promptly, independently and objectively as defined in the EthicsLine Policy. It accommodates both internal and external stakeholders. It allows employees and business partners to report suspected violations of Vestas Codes of Conduct, applicable laws, and Vestas policies. Hosted on a secure external platform, it ensures anonymity and protection from repercussion. The platform is accessible publicly at our corporate website, the Vestas Compliance app, our intranet, and by phone.
Report Date: 4Q2024Relevance: 95%
- Does the undertaking currently have policies on anti-corruption or anti-bribery that align with the United Nations Convention against Corruption? If not, provide a statement regarding the absence of such policies, and detail any plans to implement them, including the specific timetable for their implementation.
-
Question Id: G1-1_04
Vestas has established Global and Regional Compliance Programmes which outline how Vestas works with Anti-Bribery & Corruption (ABC) inspired by the six principles in the UK Bribery Act 2010. The programmes are comprised of five pillars: 'Programme Governance,' 'Learning & Awareness' and 'Culture & Behaviour' which aim at preventing misconduct while 'Monitoring & Audit' and 'EthicsLine' are used to prevent, detect and manage misconduct.
Report Date: 4Q2024Relevance: 60%