Vestas Wind Systems
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 9
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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%
- 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.
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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%