ESG related

Sustainability
statement 2024

 

From 2024 onwards, we are reporting on sustainability as an integrated part of our Annual report in accordance with the EU’s Corporate Sustainability Reporting Directive (CSRD), and its reporting framework the European Sustainability Reporting Standards (ESRS). The integration of sustainability into the Annual report is reflected in our inaugural Sustainability statement.

We continue to make good progress across a wide range of topics, with a clear focus on achieving the objectives of our sustainability strategy. Our sustainability ambitions and achievements are recognised externally, as once again, in January 2025, we were ranked the most sustainable energy solutions company in the world by Corporate Knights Global 100 ranking. Our process of decarbonising our supply chain is progressing as planned and we have continued to improve our material efficiency and recycling rates. We are also on target for increasing our share of women in leadership positions. While we have managed to reduce our TRIR by 9 percent since 2020, we remain committed to maintaining progress and meeting our 2025 and 2030 targets. However, our performance reviews show that we are currently not on track to meet our mid-term 2025 target for our own emission (scope 1 and 2), as Vestas has undergone major structural changes since the targets were set in 2019. We will continue to review progress towards these targets and update our transition plan to drive further reductions in GHG emissions in our operations and supply chain.  

More information about these topics and many others can be found in the Sustainability statement that is included in the 2024 Annual report.

"Sustainability in everything we do"


Our Sustainability Strategy has four key goals and ambitious targets: 


1.       Decarbonisation of own operations and supply chain by 2030 without carbon offsets
2.       Zero-waste wind turbines by 2040
3.       Becoming the safest, most inclusive, and socially responsible company in the energy industry
4.       Leading the transition to a world powered by sustainable energy

 

 

ESG questionnaires and ratings

At Vestas we welcome the increased focus on and need for transparent ESG reporting. At the same time, we see a growing demand for providing the needed data and have therefore implemented a yearly evaluation process to determine which ratings and indices to support in the coming year. 

Much of the information and data investors  are looking for is readily availabe in our Sustainability Reports, and hence we encourage you to start here, if you have questions related to our approach to and data on environmental, social, and governance topics. 

Reporting Archives

cf. section 107 b of the Danish Financial Statements Act
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Corporate Governance Report 2024

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2024 Corporate Governance Report
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Corporate Governance Report 2023

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2023 Corporate Governance Report
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2022 Corporate Governance Report

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2022 Corporate Governance Report
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2021 Corporate Governance Report
2020 Corporate Governance Report
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Statutory Report on Corporate Governance 

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2020 Corporate Governance Report
2019 Corporate Governance Report
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Statutory Report on Corporate Governance 

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2019 Corporate Governance Report
2018 Corporate Governance Report
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Statutory Report on Corporate Governance 

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2018 Corporate Governance Report
2017 Corporate Governance Report
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Statutory Report on Corporate Governance 

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2017 Corporate Governance Report
2016 Corporate Governance Report
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Statutory Report on Corporate Governance 

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2016 Corporate Governance Report
2015 Corporate Governance Report
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Statutory Report on Corporate Governance 

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2015 Corporate Governance Report

cf. section 139 b of the Danish Companies Act
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Remuneration Report 2024
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2024 Remuneration Report
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Remuneration Report 2023
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2023 Remuneration Report
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2022 Remuneration Report

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2022 Remuneration Report
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2021 Remuneration Report
2020 Remuneration Report
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Remuneration Report

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2020 Remuneration Report
2019 Remuneration Report
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Remuneration Report

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2019 Remuneration Report

We believe a clear understanding of how we contribute to the economies and societies in which we operate is essential to Vestas’ long-term success, and we therefore share our tax strategy and material outcome with our stakeholders.
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Tax Report 2024

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Tax Report 2024
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Tax Report 2023

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Tax Report 2023
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Tax Report 2022

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Tax Report 2022

Additional reports

Various reports

Other reports or documents that we are obligated to make available online.