Vestas Wind Systems A/S

Greenhouse gas emissions & sustainability report data

📊 Latest report period: 2023🗂️ Report periods on file: 2023, 2022, 2021, 2020

In its 2023 reporting, Vestas Wind Systems A/S disclosed greenhouse gas emissions of 7.66 million tonnes CO2e (scope 3). By scope: Scope 1: 108.0K tonnes CO2e; Scope 2: 45.0K tonnes CO2e (location basis); Scope 3: 7.66 million tonnes CO2e. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.

💨
GHG Emissions
7.66 million tonnes CO2e (scope 3)
2023
⚡
Renewable Energy
32%
of total energy
💧
Water Usage
279.0K m3
2023
♻️
Waste
44.0K tonnes
2023
⚙️
Energy Use
658 GWh
2023

📊 Emissions by Scope (2023)

ScopeWhat it coversReported value
Scope 1Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions).108.0K tonnes CO2e
Scope 2Indirect emissions from purchased electricity, steam, heat and cooling.45.0K tonnes CO2e (location basis)
Scope 3Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.).7.66 million tonnes CO2e

New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.

📈 Emissions by Report Period

Report periodHeadline emissions figure reported
20237.66 million tonnes CO2e (scope 3)
20228.18 million tCO2e
2021108.0K tCO2e (Scope 1 & 2) + 10.56 million tCO2e (Scope 3)
202073.0K tCO2e/year

Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.

✅ Reported Environmental Achievements

🎯 Climate & Sustainability Targets

🔜 Short-term

  • Reduce TRIR to 1.5 by 2025
  • Phase out fossil fuel-powered company cars by 2025
  • Conduct SDD process in 100% of in-scope projects by 2025

📅 Medium-term

  • Reduce TRIR to 0.6 by 2030
  • Achieve carbon neutrality in own operations (scope 1 and 2) by 2030 without offsets
  • Reduce scope 3 emissions intensity by 45% per MWh by 2030
  • Achieve 55% total refurbished component utilisation by 2030
  • Achieve 25% female leadership by 2025 and 30% by 2030

🔭 Long-term

  • Produce zero-waste wind turbines by 2040

🌱 ESG Focus Areas

Climate change mitigationCircularitySocial sustainabilityResponsible business conductHuman rights

⚠️ Challenges & Risks +

  • Increased scope 1 and 2 GHG emissions due to growing offshore construction and service businesses reliant on marine vessel fuels
  • More than 98% of total carbon footprint stems from suppliers
  • Slow progress in decarbonising steel production
  • Need to source lower-emission materials, increasing prices and potentially reducing margins

📋 Report Information

Reporting Period: 2023
Frameworks: SASB, TCFD, UNGC, EU Sustainable Finance Taxonomy