Vestas Wind Systems
ESRS disclosure: ESRS S2 \ DR S2.SBM-3 \ Paragraph 11 e
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- Has the undertaking disclosed whether all value chain workers, who are likely to be materially impacted by the undertaking, including those connected with its own operations, value chain, products, services, and business relationships, are included in the scope of its disclosure under ESRS 2 SBM-3 paragraph 48? Furthermore, has the undertaking provided information on any material risks and opportunities arising from impacts and dependencies on these value chain workers?
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Question Id: S2.SBM-3_07
Vestas operates within a global supplier network including direct, upstream suppliers who manufacture components and materials for wind turbines, and indirect, downstream suppliers, providing products and services at wind farms. These collaborations are critical to our business strategy, but can also contribute to potential negative impacts within our value chain. In order to identify, manage and mitigate the potential negative impacts, which Vestas can contribute or be linked to, we request our suppliers take diligent and reasonable steps to prevent human and labour rights violations within their own supply chains as outlined in Vestas’ Supplier Code of Conduct. Our value chain encompasses a diverse workforce, including, but not limited to, employees in the upstream supply chain working at suppliers’ manufacturing facilities, individuals involved in extraction of raw materials, and downstream covering contractors for constructing the wind turbines at project site or for servicing already installed wind turbines. We are dedicated to ensuring fair treatment and opportunities for all workers, including vulnerable groups such as migrants, young workers, and women in certain high-risk regions. All materially affected workers in the supply chain are covered in this disclosure.
Report Date: 4Q2024Relevance: 85%