Sustainability

Reports & Ratings

Sustainability Report 2023

The turbines produced and shipped in 2023 are expected to avoid 396 million tonnes of CO2e over their lifetime. We launched the Circularity Roadmap, recycled 188 blades, made progress in the CETEC project to design the world's first circular blade and introduced low-emission steel used in our wind turbine towers. We achieved a low total recordable injury rate of 3.0 per million working hours, increased our women in leadership from 23 to 24 percent, and reached +9,700 direct community beneficiaries through our CSR work.

More information about these topics and many others can be found in the Sustainability Report 2023.

Go to ratings.

Vestas Sustainability Reports and Environmental Statements

Reports & Ratings

File title:
Vestas - Sustainability Report 2023
File title:
Vestas - Sustainability Report 2022
File title:
Vestas - Sustainability Report 2021
File title:
Vestas - Sustainability Report 2020
File title:
MHI Vestas Offshore Sustainability Report 2019/2020
File title:
Vestas - Sustainability Report 2019
File title:
Vestas - Sustainability Report 2018
File title:
Vestas - Sustainability Report 2017
File title:
Vestas - Sustainability Report 2016
File title:
Vestas - Sustainability Report 2015
File title:
Vestas - Sustainability Report 2014
File title:
Vestas - Sustainability Report 2013
File title:
Vestas - Sustainability Report 2012
File title:
Vestas - Sustainability Report 2011
File title:
Vestas - Sustainability Report 2010
File title:
Vestas - Environmental Statement 2004
File title:
Vestas - Environmental Statement 2003
File title:
Vestas - Environmental Statement 2002
File title:
Vestas - Environmental Statement 2001
File title:
Vestas - Environmental Statement 2000

Sustainability Ratings

At Vestas we welcome the increased focus on and need for transparent ESG ratings asked for by our stakeholders, especially investors and customers. 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 to support in the coming year.

We support transparent sharing of data and welcome all ESG ratings. However, each year, we select the ratings to support in the coming year. Please see the selected ratings receiving review for this year below.

Corporate Knights Global 100

Rating: Rank 3

The Corporate Knights index lists the top 100 of the world's most sustainable corporations. Vestas has been named the most sustainable company in the entire energy industry the third year in a row and overall the third most sustainable company in the world  in 2024.

CDP Climate

Climate Score: A-
& Supplier Engagement Leaderboard

CDP is a global reporting system that runs a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. 

Description:

CDP

Climate Change Questionnaire 2023

S&P Global DJSI

Score: 68 - World Index

The Dow Jones Sustainability Index family tracks the stock performance of the world's leading companies in terms of economic, environmental and social criteria.

Sustainalytics

Low risk - 16.2

ESG Risk Ratings are designed to help identify and understand financially material ESG risks and how those risks might affect performance. 

MSCI

Score: AAA

MSCI ESG Rating is designed to measure a company's resilience to long term industry material, environmental, social and governance (ESG) risks.

ISS ESG

Rating: B+

Focus on the full range of sustainable and responsible investment issues, including climate change, SDG-linked impact, human rights, labor standards, corruption etc.

 

 

 

 

 

EcoVadis

Score 69

Customer requirement as part of their evolution of suppliers. Overall, EcoVadis helps manage the supplier network both upstream and downstream related to ESQ questions.

Life Cycle Assessments

Vestas works with Life Cycle Assessments (LCA) to develop increasingly energy-efficient products whilst mitigating the environmental impacts throughout the turbine's lifetime. Since 1999, Vestas has been developing Life Cycle Assessments of wind power to provide a ‘cradle to grave’ evaluation of the environmental impacts of Vestas’ products and activities.

Human Rights Statements

Norwegian Transparency Act
Description:

Norwegian Transparency Act Statement 

File title:
Norwegian Transparency Act Statement

In accordance with the Norwegian Transparency Act, any person has the right to information from Vestas Norway AS regarding how it addresses actual and potential adverse impacts pursuant to Section 4 of the Act.

Canadian Supply Chains Act Report
File title:
Canadian Supply Chains Act Report 2023
File title:
Rapport sur la Loi canadienne sur la chaîne d’approvisionnement 2023
UK Modern Slavery Act Statement
File title:
UK Modern Slavery Act Statement 2023

 

Human Rights Inquiries

Please direct any requests related to the Norwegian Transparency Act or the German Supply Chain Due Diligence Act to the following e-mail: humanrights(at)vestas.com. 

UN Global Compact Communication on Progress

 

Vestas signed up to the United Nations Global Compact in 2009. We report on our implementation of the ten Global Compact Principles in the areas of human rights, labour, environment and anti-corruption.

Vestas is implementing the UN Global Compact Advanced Programme.