Vestas Wind Systems
ESRS disclosure: ESRS S3 \ DR S3.SBM-3 \ Paragraph 11
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- Provide a detailed account of the types of communities that are subject to material impacts due to your company's operations, including those affected through your upstream and downstream value chain. Confirm whether all such communities are encompassed within the scope of your disclosure under ESRS 2, as per the requirements of paragraph 48. Specify the nature of these communities and their relation to your business activities, products, services, and business relationships.
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Question Id: S3.SBM-3_02
The affected communities in scope of this disclosure are limited to (i) communities living or working around the wind farms which are impacted directly or indirectly through our construction and development operations and (ii) communities of indigenous peoples. These impacts affect communities near our wind power project development and construction activities and are all systemic in nature due to our business model.
Report Date: 4Q2024Relevance: 85%
- Identify and disclose any material risks and opportunities that arise from impacts and dependencies on affected communities, specifying which of these pertain to particular groups within those communities, as opposed to the broader community, in accordance with ESRS 2 SBM-3.
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Question Id: S3.SBM-3_08
We identify and manage any material actual or potential impacts on affected communities through our human rights based approach. On a corporate level, we conduct our Corporate-Wide Human Rights Assessment, while Vestas conducts project-level social due diligence on certain projects in scope. Our 2024 double materiality assessment identified two key impacts related to affected communities: negative land-related impacts and negative impacts on the right to Free, Prior, and Informed Consent of indigenous and tribal peoples.
Report Date: 4Q2024Relevance: 85%