Vestas named most sustainable company in the world by Corporate Knights
Vestas, a global leader in sustainable energy solutions, has been named the most sustainable company in the 18th annual ranking of the world’s most sustainable corporations, published by Corporate Knights. The ranking is based on a detailed assessment of 6914 companies, each with more than US$1 billion in revenue, where performance across a range of sustainability metrics is evaluated. The index revealed circularity and ambitious carbon emissions reduction goals as highly prevalent amongst high performers.
The ranking is linked to the industry leading progress of the company’s sustainability strategy. Launched in 2020, the strategy has established sustainability performance as a core priority across the entire value chain, including across its supplier network. As part of the strategy, Vestas recently launched an ambitious circularity roadmap and governance structure, along with having its carbon emissions reduction targets for internal operations validated by the Science Based Targets initiative, as being in line with the 1.5 degree scenario of the Paris Agreement.
‘Vestas has successfully helped our partners avoid more than 1.7 billion tonnes carbon emissions over the past four decades. Building a more sustainable future for our planet however, demands that we do more. As the energy transition accelerates, Vestas is dedicated to making sure this transformation unfolds sustainably, in close collaboration with our partners,’ said Henrik Andersen, CEO and president, Vestas.
‘Improving our sustainability performance has been an opportunity for Vestas to create more value for our partners. Through establishing sustainability as a priority across our entire value chain, including our supplier network, we have created many more opportunities for collaboration, and for driving maturity and scale for the renewables industry. Although we still have a long journey ahead, we are proud to be paving the way for renewables to expand without compromising the interests of future generations,’ said Lisa Ekstrand, vice president and head of sustainability, Vestas.
‘We are rapidly moving towards a future where leading sustainability performers like Vestas will drive more viable returns than their global corporate peers. This will form a strong foundation towards achieving a carbon-neutral economy in line with global climate goals,’ said Toby Heaps, CEO, Corporate Knights.
Since its launch, the sustainability strategy has elevated sustainability performance across several areas. Ongoing sustainability initiatives include circular product design initiatives, reducing CO2 emissions and waste production from manufacturing, alignment of sustainability goals with strategic suppliers and replacing all combustion vehicles with electric vehicles in Service, as well as benefit cars.
In addition to being the strongest performer within the Corporate Knights ranking, Vestas has recently been recognised as a leading performer by CDP, and is now also a member of the Dow Jones Sustainability Index for Europe.