Vestas | Sustainability Performance

https://www.vestas.com

Vestas is a company that specializes in wind energy solutions.

1945

Denmark

10,001+ employees

Renewables & Environment

$10B+ in revenue

$1B - 10B in profitability

Submit or report inaccurate dataDownload Company Insights^{ⓘBy downloading this report, you'll receive the most insightful and detailed analysis of the company's sustainability performance, compared to its peers. It includes key industry trends, carbon and energy intensity, nature impact, social metrics, and an in-depth look at key risks and controversies.}

Sustainability Ranking & Industry Benchmark

#3554

Overall^ⓈThis is a simple, transparent and data-based ranking measuring the overall sustainability performance of a company. It takes into account the following factors:

• Carbon emissions intensity (normalized by industry)
• Share of renewable electricity consumption (normalized by industry)
• Sustainability maturity
• Intent to leverage sustainability solutions
• Sustainability accreditations and certifications

The ranking takes into account all companies in illuminem's database. It leverages publicly available data as well as responses from the brief illuminem survey (please fill it out here for your company).

#87

in Denmark^{ⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same geography, based on its headquarters location, within Illuminem's database.
(Source: illuminem)}

#643

in Manufacturing^{ⓈThis ranking uses the same criteria as the overall ranking but is limited to comparing the company with others in the same industry within Illuminem's database.
(Source: illuminem)}

Sustainability Maturity

^ⓈMaturity measures how far along a company is on its sustainability journey.

It takes into account various factors such as:

• Breadth and depth of sustainability strategy
• Investment in sustainability
• External stakeholder engagement on sustainability topics
• Disclosure, awareness and management of environmental performance
• Sustainability certifications, awards and memberships

The maturity rank is based on a company's overall maturity score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher maturity result in a higher rank.
Companies at the early stage of their sustainability journey are usually just starting to recognize the importance of sustainability. Their goals are often compliance-driven, cost-saving, or reputation-based, rather than deeply integrated into their core business strategy. Example solutions include services to comply with regulations, compliance software, consulting services, energy management & efficiency to reduce cost, certifications etc.
Companies with high sustainability maturity have deeply integrated sustainability into their core strategy and view it as a competitive advantage. Sustainability is not just a compliance requirement but a business driver that aligns with long-term value creation. Example solutions include insetting & supply chain services, carbon neutrality solutions, circular economy models, innovations in sustainable products and services etc.
(Source: illuminem)

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Sustainability Intent

^ⓈIntent measures a company's likelihood to buy sustainability products and services in the near future.

It takes into account various factors such as:

• Expressed intent by relevant company employees to buy sustainability solutions (reported directly to illuminem)
• Previous company activity in buying relevant solutions (reported to illuminem or aggregated from global registries)
• News or public reports by the company signaling interest to buy relevant solutions
• Intensity and progress against sustainability targets or pledges (reported publicly by the company)
• Level of pressure on sustainability performance from relevant stakeholders (as reported by the company or estimated based on industry/geography)

The intent rank is based on a company's overall intent score compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher intent results in a higher rank.
(Source: illuminem)

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Industry Rank

241 out of 1689

See all

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Carbon emissions

Electricity consumption

Carbon certificate projects

Targets

SDG Impact

Reporting

UN Global Compact

SBTi

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Sayvol

United Kingdom, Manufacturing, Renewables & Environment

Carbon emissions

Reveal data for 1 credit

152K^ⓈGIST2024

Industry rank: 583 out of 1689^{ⓈThe carbon emissions rank is based on a company's CO2 equivalent Scope 1 and 2 greenhouse gas emissions compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher emissions result in a lower rank.}

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Total CO2 emissions
(CO2e tonnes)

Industry rank: 583 out of 1689^{ⓈThe carbon emissions rank is based on a company's CO2 equivalent Scope 1 and 2 greenhouse gas emissions compared to other companies in the same industry (over 50 companies) in Illuminem's database. Higher emissions result in a lower rank.}

Scopes 1+2

All scopes

Scope 1

Scope 2

Scope 3 downstream

Scope 3 upstream

Industry benchmark
(adj. for company revenues)

152K

2023^ⓈGIST

20

B/M^{ⓈThe carbon emissions benchmark value represents the average carbon intensity (revenue-based) of all other companies in the same industry (with over 50 companies) in Illuminem's database, adjusted for the revenue of the selected company.}

illustrative

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Carbon emissions breakdown

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Renewable electricity

Reveal data for 1 credit

33%^ⓈGIST2024

Industry rank: 367 out of 1689^{ⓈThe renewables rank is based on a company's share of renewable electricity (as a percentage of total electricity consumption) compared to other companies in the same industry (over 50 companies) within Illuminem's database.}

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Total electricity consumption
and % renewables
(MWh, % of consumption)

Industry rank: 367 out of 1689^{ⓈThe renewables rank is based on a company's share of renewable electricity (as a percentage of total electricity consumption) compared to other companies in the same industry (over 50 companies) within Illuminem's database.}

Total electricity

Share of renewable electricity

Industry benchmark

0
MWh

%

2022^ⓈGIST

0
MWh

%

2023^ⓈGIST

0
MWh

33%

2024^ⓈGIST

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Female employees

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Share of female employees (%)

Share of female employees (%)

65%

37%

25

50

75

100

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Company

Benchmark

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SDG impact

Reveal data for 5 credits

2024

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1. 1. No Poverty- USD
2. 2. Zero Hunger- USD
3. 3. Good Health and Well-being- USD
4. 4. Quality Education- USD
5. 5. Gender Equality- USD
6. 6. Clean Water and Sanitation- USD
7. 7. Affordable and Clean Energy- USD
8. 8. Decent Work and Economic Growth- USD
9. 9. Industry, Innovation and Infrastructure- USD
10. 10. Reduced Inequalities- USD
11. 11. Sustainable Cities and Communities- USD
12. 12. Responsible Consumption and Production- USD
13. 13. Climate Action- USD
14. 14. Life Below Water- USD
15. 15. Life on Land- USD
16. 16. Peace, Justice and Strong Institutions- USD
17. 17. Partnerships for the Goals- USD

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Waste

Reveal data for 1 credit

1.2K

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Total waste generated (tonnes)

Total waste

Recovered & recycled

Not-recovered & not-recycled

Industry Benchmark

1.2K

1.2K

1.2K

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Waste management

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Water management

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Carbon certificate projects

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Diversity & inclusion

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Pay gap breakdown

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Energy consumption breakdown

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Health & safety

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Externalities

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SDG impact (historical)

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Sustainability targets and commitments

Target	Year	Value	Scope	Baseline
Interim emissions reduction	2030	45%	-	2019
Share of renewablesⓈCompany sustainability report	2020	100%	Electricity	-

Progress against targets

^{ⓈCompany sustainability report}

In 2023, the company reported a greenhouse gas (GHG) emissions intensity of 505.1 tonnes of CO2e/million EUR. They have introduced 465 sustainably fuelled vehicles to their service fleet and piloted dual-fuelled methanol and hydrogen-powered service vessels. The company has also transitioned the industrial heating system at their Taranto blades factory from natural gas to biomass and introduced hybrid generators at construction sites. They have secured commitments from 77 key suppliers to track and report on CO2e emissions and set aggressive reduction targets. The supply chain CO2e emission intensity decreased by 8 percent from the 2019 baseline and 2 percent from 2022, reaching a rate of 6.30 kgCO2e/MWh.

Sustainability employees

11+

^{ⓈThis value represents the estimated number of employees in a company with sustainability-related roles or job titles, as determined by Illuminem using publicly available data.}

Morten Dyrholm

Sustainability Officer

Sustainability contacts

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