Since the presentation of The Will to Win, Vestas has focused on risk management in the critical business procedures. In-house reporting of the Group’s most significant risks forms part of Vestas’ management information. Group Finance & Operations provides support for the entire Group and works to hedge Vestas’ risks. For example, a global insurance programme has been set up. In addition to handling the legally required insurance policies, this programme includes policies deemed appropriate from the perspective of business considerations.
Identification of risks is an integrated part of the preparation of the company’s strategy, goals and plans of action.
The risk policy, including the insurance, exchange and investment policy, is approved by the Board of Directors. The policies are anchored in plans of action and business processes.
A separate section regarding risk management is included in the annual report.