VESTAS WIND SYS. DK -,20.
VWSB.XETRA | Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
Vestas Wind Systems A/S is a Danish manufacturer, seller, installer, and servicer of wind turbines. The company operates through two segments: Power Solutions and Service. The Power Solutions segment covers the design, manufacturing, sale, and installation of wind power plants. The Service segment i...Show More
Better Health for All
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Vestas' core products, wind turbines, deliver revolutionary health benefits by mitigating climate change and reducing air pollution. The company's installed fleet has avoided 213 billion tonnes of CO2e emissions since 1981, and turbines produced in 2023 are expected to avoid 396 million tonnes of CO2e over their lifetime.
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Vestas' operations generated 44 tonnes of VOC emissions in 2023.
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The company invested EUR 500 million in green energy research and development in 2023.
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Vestas aims to reduce carbon emissions in its supply chain by 45% per MWh generated by 2030 and is working towards zero-waste wind turbines by 2040.
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The company reached 9,769 community beneficiaries in 2023 through various engagement initiatives.
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Fair Money & Economic Opportunity
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Vestas Wind Systems A/S is a manufacturer and servicer of wind turbines, not a financial institution.
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The company does not offer lending or deposit services, consumer credit products, or manage customer financial data.
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While Vestas's projects, such as the Lake Turkana Wind Power project, contribute to local economic development through job creation, infrastructure improvements, and increased income for local populations, these are indirect economic impacts and do not constitute direct financial services or products.
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Therefore, all KPIs related to financial products, pricing, fees, lending compliance, data accessibility, wealth-building outcomes, profit reinvestment in community finance, financial literacy initiatives, debt burden ratios, or geographic inclusion for financial services are not applicable to its core business model.
Fair Pay & Worker Respect
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The company's worldwide employee recommendation rate is 78%.
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Fair Trade & Ethical Sourcing
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No evidence available to assess VESTAS WIND SYS. DK -,20 on Fair Trade & Ethical Sourcing.
Honest & Fair Business
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Vestas operates a global whistleblower system, EthicsLine, which is publicly available, hosted on a secure external website, and allows for anonymous and confidential reporting.
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The company has a zero-tolerance policy for retaliation against whistleblowers.
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In 2025, 922 EthicsLine cases were reported, with 175 substantiated.
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Reporters receive confirmation within seven days, and feedback is provided within three months of investigation completion.
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Vestas has had zero financial restatements in the past five years. Approximately 65% of ethical claims are independently verified, and 20% of projects undergo social due diligence.
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The board has 67% conflict-free members, with shareholder-elected members being 100% independent.
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Vestas has a Global Anti-Bribery and Corruption Programme with zero tolerance for bribery and corruption, and conducts due diligence screenings on new business relationships.
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Code of Conduct e-learning completion rates were 98-99% in 2023.
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The EthicsLine policy states that feedback is provided within three months of investigation completion.
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Kind to Animals
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No evidence available to assess VESTAS WIND SYS. DK -,20 on Kind to Animals.
No War, No Weapons
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The provided articles discuss general trends in global wind energy, including installed capacity and cost reductions. However, they explicitly state that no data relevant to VWSB.XETRA or the 'No War, No Weapons' ethical value is present.
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Therefore, no assessment can be made against the specified KPIs based on the evidence provided.
Planet-Friendly Business
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No specific, concrete data points for any of the Planet-Friendly Business KPIs were found in the provided articles.
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All articles were identified as placeholders and explicitly stated a lack of relevant company-specific information.
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Respect for Cultures & Communities
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Vestas has Operational-Level Grievance Mechanisms (OGM) globally, indicating that over 90% of operational sites have grievance mechanisms.
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However, the company was involved in the Lake Turkana Wind Power project where 1180 Turkana people were resettled due to land acquisition.
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This project faced allegations of illegal land acquisition and lack of proper consultation, leading to court cases.
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This constitutes an incident disrupting a community and a cultural site, with active remediation efforts through ongoing legal processes.
Safe & Smart Tech
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Vestas experienced a cyberattack on November 19, 2021, which compromised personal data on internal file share systems and led to IT system shutdowns.
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The company has a data breach policy requiring notification to the European supervisory authority within 72 hours.
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Vestas has implemented Binding Corporate Rules (BCR) approved by public authorities, demonstrating a commitment to data protection.
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The company's policy on automated decision-making ensures data subjects receive meaningful information about the logic involved and have rights to human intervention and to contest decisions.
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Vestas also has a policy for data minimization, collecting only necessary data, and has defined retention periods, such as keeping shareholder data for 5 years after they cease to be a shareholder.
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The company states it will not use personal data for purposes other than those for which it was collected.
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Vestas provides training on at least a yearly basis to employees with regular access to personal data or involved in its processing.
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The company adheres to appropriate technical and organizational security measures, including pseudonymization and encryption of personal data.
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Vestas also conducts regular security audits and has a policy for patching critical vulnerabilities within 21-30 days on average.
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Users have rights to access, object to processing, request erasure, and rectify their personal data.
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The company processes data in compliance with applicable data protection legislation, including GDPR.
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Zero Waste & Sustainable Products
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Vestas achieved a 68% internal waste recycling rate in 2023.
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Its wind turbines are currently 85% recyclable, with a commitment to create a 100% recyclable turbine rotor by 2030.
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The company launched a Circularity Roadmap in October 2021,
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which integrates circular economy principles across design, operations, and material recovery.
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Vestas aims to produce zero-waste wind turbines by 2040
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and has a target to reduce manufacturing waste sent to landfill to less than 1% by 2030.
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In 2023, 7% of its total waste was hazardous.
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Vestas wind turbines are designed for a lifespan of approximately 30 years.
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The company requires 69 key suppliers to report on waste generation and set reduction targets,
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aiming for a 50% decrease in waste intensity of the supply chain by 2030.
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Material efficiency improved by 25% in 2023,
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with a target to increase it by 90% by 2030.
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