Vestas has been named the world's most sustainable company

Published on: 19 January 2022
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Vestas is the most sustainable company in the 18th annual ranking. The ranking considers 6,914 companies with over $1 billion in revenue. High performers prioritize circularity and carbon emissions reduction. Vestas tops Corporate Knights' sustainability ranking. Vestas' sustainability strategy improved several areas.

Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in Corporate Knights' 18th annual ranking of the world's most sustainable corporations. The ranking is based on a thorough examination of 6,914 companies, each with more than $1 billion in revenue, and their performance across a variety of sustainability metrics. Circularity and ambitious carbon emission reduction goals were found to be highly prevalent among high performers, according to the index.

The ranking is linked to Vestas' sustainability strategy's industry-leading progress. The strategy, which was launched in 2020, has established sustainability performance as a core priority across the entire value chain, including its supplier network. Vestas recently launched an ambitious circularity roadmap and governance structure as part of the strategy, as well as having its carbon emissions reduction targets for internal operations validated by the Science Based Targets initiative as being in line with the Paris Agreement's 1.5 degree scenario.

"Over the last four decades, Vestas has successfully assisted our partners in avoiding more than 1.7 billion tonnes of carbon emissions. Building a more sustainable future for our planet, on the other hand, necessitates greater effort. As the energy transition accelerates, Vestas is committed to ensuring that it occurs in a sustainable manner, in close collaboration with our partners,"

said Henrik Andersen, CEO and President of Vestas.

"Improving our sustainability performance has provided Vestas with an opportunity to create more value for our partners." We have created many more opportunities for collaboration and driving maturity and scale for the renewables industry by making sustainability a priority across our entire value chain, including our supplier network. We are proud to be paving the way for renewables to expand without jeopardizing the interests of future generations,"

said Lisa Ekstrand, Vice President and Head of Sustainability at Vestas.

"We are rapidly approaching a future in which leading sustainability performers, such as Vestas, will generate more viable returns than their global corporate peers. This will lay a solid foundation for achieving a carbon-neutral economy in accordance with global climate goals," according to Toby Heaps, CEO of Corporate Knights.

Vestas' sustainability strategy has improved sustainability performance in a variety of areas since its inception. Ongoing sustainability initiatives include circular product design initiatives, reducing CO2 emissions and waste production from manufacturing, aligning sustainability goals with strategic suppliers, and replacing all combustion vehicles in service with electric vehicles, among other things.

Vestas has recently been recognized as a leading performer by CDP and is now a member of the Dow Jones Sustainability Index for Europe, in addition to being the strongest performer in the Corporate Knights ranking.

Source: Vestas news

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