Vestas Wind Systems
ESRS disclosure: ESRS S1 \ DR S1-1 \ Paragraph AR10
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- Provide a detailed account of any significant changes to the policies adopted during the reporting year, particularly in relation to the undertaking's own workforce. This should include any new expectations for foreign subsidiaries, additional approaches to due diligence and remedy, and any policies or commitments aimed at preventing or mitigating risks and negative impacts on the workforce due to efforts in reducing carbon emissions and transitioning to greener operations. Additionally, outline any opportunities created for the workforce, such as job creation and upskilling, and include explicit commitments to a 'just transition.'
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Question Id: S1-1_02
Vestas employees are encouraged to complete an online Employee Engagement Survey (EES) on an annual basis. This is Vestas’ standard channel globally for receiving feedback on a range of topics, allowing us to externally benchmark and track progress over time. The survey is available to all employees and to certain non-employees (working in specified areas). The survey is anonymous, and the survey is offered in 20 languages to ensure accessibility and that all voices are heard equally across our workforce. The survey is led by our People and Culture (P&C) function and owned by the Executive Vice President of People & Culture (CPCO). Effectiveness of the engagement is primarily assessed by monitoring survey results, paying particular attention to low scores, and by collecting feedback on the process and monitoring the participation rate. In 2024, the participation rate was 90 percent (2023: 89 percent), and the Employee Net Promoter Score was 31 (2023: 19). We see a clear connection between decreasing turnover and engagement and this is also reflected in our data points. Furthermore, Vestas has focused on inclusive leadership and psychological safety in our learning series, which has also showed positive trending in a number of metrics across the EES.
Report Date: 4Q2024Relevance: 30%
- Provide a detailed account of the activities within your organization that lead to material positive impacts. Specify the categories of employees and non-employees within your workforce who are positively affected or have the potential to be positively affected by these activities. Additionally, indicate whether these positive impacts are localized to specific countries or regions.
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Question Id: S1.SBM-3_04
Vestas has identified equal treatment and opportunities for all to be material in relation to Vestas’ workforce. We identified material positive impacts relating to diversity and training and skills development. All members of our workforce who could be materially impacted by Vestas are included in the scope of this disclosure. Vestas values the diversity of its workforce, which spans our global operations. We strive to strengthen representation and equity within our workforce while fostering an inclusive culture through initiatives such as recruiting from diverse talent pools, conducting unconscious bias training, and implementing our DEIB policy. Vestas supports growing female participation in corporate leadership positions through a range of practical initiatives including setting internally and externally shared goals. A diverse and inclusive working environment positively impacts all members of the workforce through improved well-being, greater psychological safety, and enhanced opportunities for collaboration and innovation. These benefits are evidenced by recent Employee Engagement Survey (EES) results, highlighting that respondents feel accepted at Vestas. This actual positive impact occurs in our own operations in the short term. Beyond its internal benefits, Vestas’ focus on diversity and inclusion supports our long-term growth and enhances our competitive advantage.
Report Date: 4Q2024Relevance: 85%