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%
- Identify and disclose any material risks and opportunities that arise from impacts and dependencies on individuals within your workforce, specifying which of these relate to distinct groups of people, such as particular age demographics or employees in specific locations, rather than to the entire workforce.
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Question Id: S1.SBM-3_12
Diversity, Equity, Inclusion & Belonging Policy (DEIB Policy) sets out Vestas’ approach and strategy to diversity and inclusion. The policy includes our DEIB mission statement and commitment to ensuring all potential, future and current employees are guaranteed equal opportunities and fair treatment, regardless of their background. The policy prioritises commitments to diversity, equitable opportunities, an inclusive culture, inclusive leadership, and a respectful, discrimination-free workplace that adapts to changing needs. The policy focuses on people from groups at particular risk of vulnerability related to gender, ethnicity, age and seniority. By focusing on equitable opportunities, Vestas ensures that all employees, regardless of their background or individual circumstances, have access to resources and support needed to succeed and thrive. In case of discrimination Vestas encourages employees to utilise our whistleblower platform EthicsLine, which is further documented in section S1-3.
Report Date: 4Q2024Relevance: 60%