Vestas Wind Systems
ESRS disclosure: ESRS G1 \ DR G1-1 \ Paragraph 10 b
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- 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%
- 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%