Vestas Wind Systems
ESRS disclosure: ESRS S3 \ DR S3.SBM-3 \ Paragraph 9 c
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- Provide a comprehensive description of the activities undertaken by your company that result in material positive impacts on affected communities. Include details on the types of communities that are positively affected or could potentially be positively affected by these activities. Additionally, specify whether these positive impacts occur in particular countries or regions. Ensure that all affected communities likely to be materially impacted by your operations, value chain, products, services, and business relationships are encompassed within the scope of your disclosure, as per the requirements of ESRS 2 SBM-3.
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Question Id: S3.SBM-3_05
Building and maintaining a sound relationship with affected communities is important to Vestas. We strive to reduce our material impacts on communities with which we may be involved and seek to enhance positive opportunities.
Report Date: 4Q2024Relevance: 40%
- 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%