Vestas Wind Systems
ESRS disclosure: ESRS ESRS 2 \ DR MDR-P
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- Provide a detailed description of the key contents of the policy adopted to manage material sustainability matters. This disclosure must encompass the general objectives of the policy, identify the material impacts, risks, or opportunities it addresses, and outline the process for monitoring these elements.
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Question Id: MDR-P_01
Vestas has adopted policies to manage material sustainability matters, focusing on climate change mitigation and adaptation. The general objectives of the policy include promoting risk-based thinking and managing material impacts related to climate change mitigation and adaptation. The policy addresses risks such as climate change mitigation, climate change adaptation, energy efficiency, and renewable energy deployment. The process for monitoring these elements involves the SQHE Policy and HSE Framework, which work together to ensure that the organization manages environmental IROs identified throughout the environmental sections of the sustainability statement.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the policies implemented to address material sustainability matters. This disclosure must encompass a description of the policy's scope or its exclusions, specifying the activities, upstream and/or downstream value chain, geographical areas, and any relevant stakeholder groups affected.
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Question Id: MDR-P_02
The SQHE Policy is Vestas' approach to managing environmental, health, and safety matters across the organization. It covers all levels of the organization and outlines the approach to sustainability matters such as continuous renewable energy deployment, resource efficiency initiatives, circular solutions, and protection of biodiversity and ecosystems. The policy applies to Vestas' operations and contractors under operational control. The most senior level accountable for the policy is the Executive Management. The policy is based on internal stakeholder consultations and is publicly available on the corporate website.
Report Date: 4Q2024Relevance: 80%
- Identify the most senior level within your organization that holds accountability for implementing the policy related to managing material sustainability matters.
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Question Id: MDR-P_03
The most senior level accountable for implementing the policy related to managing material sustainability matters is the Executive Management.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding the policies your organization has adopted to manage material sustainability matters. Include a reference to any third-party standards or initiatives that your organization commits to respecting through the implementation of these policies, if applicable.
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Question Id: MDR-P_04
Vestas' policies to manage material sustainability matters include commitments to third-party standards such as ISO 14001, ISO 45001, and SBTi. The policies are based on internal stakeholder consultations and are publicly available on the corporate website.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the policies your organization has adopted to manage material sustainability matters. Specifically, include a description of how the interests of key stakeholders were considered in the formulation of these policies, if applicable.
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Question Id: MDR-P_05
The policies adopted by Vestas to manage material sustainability matters are based on internal stakeholder consultations. This ensures that the interests of key stakeholders are considered in the formulation of these policies.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed explanation of whether and how the policy adopted to manage material sustainability matters is made accessible to potentially affected stakeholders and those stakeholders required for its implementation.
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Question Id: MDR-P_06
The policy adopted to manage material sustainability matters is publicly available on the corporate website, making it accessible to potentially affected stakeholders and those required for its implementation.
Report Date: 4Q2024Relevance: 80%