Vestas Wind Systems A/S

Common Name

Vestas Wind Systems

Country

Denmark

Sector

Industrials

Industry

Specialty Industrial Machinery

Employees

37,275

Ticker

VWS

Exchange

NASDAQ COPENHAGEN A/S

Website

www.vestas.com

Description

Vestas Wind Systems A/S is a global leader in the renewable energy sector, specializing in the design, manufacturing, installation, and servicing of wind turbines. Founded in Denmark in 1945, the comp... Show more

GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

Vestas Wind Systems's EU Taxonomy Data Preview

In 2024, Vestas Wind Systems was subject to the Corporate Sustainability Reporting Directive (CSRD)'s requirements, which mandated the company to publish EU Taxonomy disclosures.

The company reported the eligibility and alignment of Turnover, Capital Expenditure (CAPEX) and Operating Expenditure (OPEX) with the EU Taxonomy, helping assess the extent to which its business activities align with Europe's environmental sustainability goals.

Vestas Wind Systems has also provided an activity-level breakdown of its EU Taxonomy disclosures. This granular reporting enhances transparency around which economic activities of Vestas Wind Systems are considered environmentally sustainable and contribute to at least one of the six environmental objectives defined under the EU Taxonomy framework.

turnoveropexcapex

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Turnover Portion of total company turnover generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Turnover Total turnover of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Turnover Total turnover of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Turnover (3 activities)
3.1 CCM/CCA - Manufacture of renewable energy technologies 3.1 CCM/CCA - Manufacture of renewable energy technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies 7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Opex Portion of total company OPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Opex Total OPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Opex Total OPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Opex (3 activities)
3.1 CCM/CCA - Manufacture of renewable energy technologies 3.1 CCM/CCA - Manufacture of renewable energy technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies 7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Metric (tonnes)	2025	2024	2023	2022 - 2017
Total Taxonomy Aligned A1 Capex Portion of total company CAPEX generated from economic activities that are eligible under the EU Taxonomy and meet all alignment requirements, including substantial contribution, Do No Significant Harm (DNSH), and minimum safeguards.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Eligible A Capex Total CAPEX of the company associated with activities considered eligible under the EU Taxonomy, regardless of whether they meet alignment criteria.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Total Taxonomy Non-Eligible B Capex Total CAPEX of the company associated with activities that are not listed as eligible under the EU Taxonomy.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
Activity Level Taxonomy Aligned A1 Capex (3 activities)
3.1 CCM/CCA - Manufacture of renewable energy technologies 3.1 CCM/CCA - Manufacture of renewable energy technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
4.3 CCM/CCA - Electricity generation from wind power 4.3 CCM/CCA - Electricity generation from wind power	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data. ^a	Copy restricted. Please purchase to unlock this data. ^b	Data available for purchase 0000000
7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies 7.6 CCM/CCA - Installation, maintenance and repair of renewable energy technologies	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Copy restricted. Please purchase to unlock this data.	Data available for purchase 0000000

Verified Sources Behind Vestas Wind Systems’s EU Taxonomy Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Vestas Wind Systems’s data sources below and access millions more through our Disclosure Search.

a. Vestas Wind Systems's Annual Report 2024

b. Vestas Wind Systems's Sustainability Report 2023

c. Vestas Wind Systems's Sustainability Report 2022

Insights into Vestas Wind Systems's Revenues from Sustainable Activities

In 2024, Vestas Wind Systems reported EU Taxonomy-eligible revenues of EUR 17.08 billion, representing 99% of its total turnover. Of this amount, EUR 17.08 billion of Vestas Wind Systems's revenues was classified as EU Taxonomy-aligned, indicating that 99% of the revenue-generating activities undertaken by the company substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

Vestas Wind Systems's Taxonomy-Eligible Turnover Over Time

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

Have Vestas Wind Systems's revenues become more sustainable over time?

Since 2022, Vestas Wind Systems's taxonomy-aligned revenues increased by 3.13%,reflecting a sustained upward trend in environmentally sustainable revenue generation.^{a, c}

Compared to the previous year (2023), Vestas Wind Systems's taxonomy-aligned revenues remained relatively stable, indicating that Vestas Wind Systems maintained operational continuity , with no significant changes in the scale of sustainable activities or the coverage of its taxonomy-aligned reporting.^{a, b}

How much of Vestas Wind Systems's revenue is eligible under the EU Taxonomy?

In 2024, Vestas Wind Systems reported that EUR 17.08 billion of its revenue was eligible under the EU Taxonomy, representing 99% of the company's total turnover. Of this amount, EUR 17.08 billion (99% of total revenue) was classified as Taxonomy-aligned. This means that 0% of Vestas Wind Systems's revenue is eligible but not aligned, indicating that these activities did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards.^a

How much of Vestas Wind Systems's eligible revenue is aligned with the EU Taxonomy?

In 2024, Vestas Wind Systems reported that EUR 17.08 billion of its revenue was aligned under the EU Taxonomy, representing 99% of its total turnover.^a

This strong alignment suggests that Vestas Wind Systems has strategically integrated environmentally sustainable activities into its core business model, positioning itself as a leader in the green transition.

Vestas Wind Systems's Eligibility & Alignment Overview

Vestas Wind Systems's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Turnover
Total Taxonomy Eligible but Not Aligned A2 Turnover

How is Vestas Wind Systems's taxonomy-aligned revenue distributed across the EU environmental objectives?

In 2024, Vestas Wind Systems reported that its taxonomy-aligned revenue was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 99%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much revenue does Vestas Wind Systems earn from selling climate-related solutions ?

In 2024, Vestas Wind Systems reported that EUR 17.12 billion of its total revenue was associated with activities contributing to the EU taxonomy climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This accounted for 99% of the company's total revenue,indicating that Vestas Wind Systemsprimarily focuseson solutions that support climate action through its commercial activities.^a

Insights into Vestas Wind Systems's CAPEX from Sustainable Activities

In 2024, Vestas Wind Systems reported EU Taxonomy-eligible CAPEX of EUR 1.47 billion,representing 99% of its total CAPEX. Of this amount, EUR 1.47 billion of Vestas Wind Systems's CAPEX was classified as EU Taxonomy-aligned, indicating that 99% of the company's investments were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

Vestas Wind Systems's Taxonomy-Eligible Capex Over Time

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

Have Vestas Wind Systems's increased its investment in sustainable activities over time?

Since 2022, Vestas Wind Systems's taxonomy-aligned capital expenditure (CAPEX)increased by 8.79%,pointing to a long-term shift toward greater investment in environmentally sustainable activities recognized under the EU Taxonomy.^{a, c}

Compared to the previous year (2023), Vestas Wind Systems's taxonomy-aligned CAPEX increased by 2.06%,highlighting Vestas Wind Systems's strengthened commitment to investing in environmentally sustainable activities or improving how such investments are classified and reported under the EU Taxonomy.^{a, b}

How much of Vestas Wind Systems's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

In 2024, Vestas Wind Systems reported that EUR 1.47 billion of its capital expenditure (CAPEX) was eligible under the EU Taxonomy, representing 99% of the company's total CAPEX. Of this amount, EUR 1.47 billion (99% of total CAPEX) was classified as Taxonomy-aligned. This means that 0% of Vestas Wind Systems's CAPEX is eligible but not aligned, indicating that these investments either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of Vestas Wind Systems's eligible CAPEX is aligned with the EU Taxonomy?

In 2024, Vestas Wind Systems reported that EUR 1.47 billion of its CAPEX was aligned under the EU Taxonomy, representing 99% of its total capital investment.^a

This strong alignment suggests that Vestas Wind Systems is directing a significant portion of its capital investments toward environmentally sustainable assets or activities, reinforcing a strategic focus on long-term sustainability.

Vestas Wind Systems's Eligibility & Alignment Overview

Vestas Wind Systems's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Capex
Total Taxonomy Eligible but Not Aligned A2 Capex

How is Vestas Wind Systems's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

In 2024, Vestas Wind Systems reported that its taxonomy-aligned capital expenditure (CAPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 99%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much Vestas Wind Systems is investing in climate-related solutions?

In 2024, Vestas Wind Systems allocated EUR 1.47 billion of its CAPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 99% of the company's total capital expenditure,indicating that Vestas Wind Systemsis prioritizing climate-focused investments as a central part of its overall capital strategy.^a

Insights into Vestas Wind Systems's OPEX from Sustainable Activities

In 2024, Vestas Wind Systems reported EU Taxonomy-eligible OPEX of EUR 354.00 million,representing 92% of its total operating expenses (OPEX). Of this amount, EUR 354.00 million of Vestas Wind Systems's OPEX was classified as EU Taxonomy-aligned, indicating that 92% of the company's operating expenses were directed toward economic activities that substantially contribute to one or more of the six environmental objectives, meet the Do No Significant Harm (DNSH) criteria, and comply with the Minimum Social Safeguards (MSS).^a

Vestas Wind Systems's Taxonomy-Eligible Opex Over Time

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

Have Vestas Wind Systems's increased its spending in sustainable activities over time?

Since 2022, Vestas Wind Systems's taxonomy-aligned operating expenditure (OPEX)decreased by 2.13%,indicating a long-term decline in sustainability-related operational spending, which may reflect shifting priorities or reduced emphasis on green initiatives.^{a, c}

Compared to the previous year (2023), Vestas Wind Systems's taxonomy-aligned OPEX remained relatively stable, indicating that Vestas Wind Systems maintained consistent levels of sustainable operational expenditure, without significant changes in taxonomy-aligned activity coverage.^{a, b}

How much of Vestas Wind Systems's operational expenditure (OPEX) is eligible under the EU Taxonomy?

In 2024, Vestas Wind Systems reported that EUR 354.00 million of its operational expenditure (OPEX) was eligible under the EU Taxonomy, representing 92% of the company's total OPEX. Of this amount, EUR 354.00 million (92% of total OPEX) was classified as Taxonomy-aligned. This means that 0% of Vestas Wind Systems's OPEX is eligible but not aligned, indicating that these expenditures either did not meet the technical screening criteria, failed to comply with the Do No Significant Harm (DNSH) requirements, or lacked evidence of meeting the Minimum Safeguards (MSS).^a

How much of Vestas Wind Systems's eligible OPEX is aligned with the EU Taxonomy?

In 2024, Vestas Wind Systems reported that EUR 354.00 million of its OPEX was aligned under the EU Taxonomy, representing 92% of its total operational expenditure.^a

This strong alignment suggests that Vestas Wind Systems is allocating a significant share of its operating budget to environmentally sustainable activities, signaling a strategic emphasis on day-to-day sustainability performance.

Vestas Wind Systems's Eligibility & Alignment Overview

Vestas Wind Systems's Contribution to Environmental Objectives

Total Taxonomy Aligned A1 Opex
Total Taxonomy Eligible but Not Aligned A2 Opex

How is Vestas Wind Systems's taxonomy-aligned OPEX distributed across the EU environmental objectives?

In 2024, Vestas Wind Systems reported that its taxonomy-aligned operational expenditure (OPEX) was distributed across the following EU environmental objectives^a:

Climate Change Mitigation: 92%
Climate Change Adaptation: 0%
Sustainable Use and Protection of Water and Marine Resources: 0%
Transition to a Circular Economy: 0%
Pollution Prevention and Control: 0%
Protection and restoration of biodiversity and ecosystems: 0%

How much of Vestas Wind Systems's operational budget supports climate-related solutions?

In 2024, Vestas Wind Systems allocated EUR 354.20 million of its OPEX to activities contributing to the EU Taxonomy's climate-related objectives (Climate Change Mitigation and Climate Change Adaptation). This represented 92% of the company's total OPEX,indicating that Vestas Wind Systemsis focusing a significant share of its operational spending on supporting climate action through its day-to-day activities.^a

Want Full Access to Vestas Wind Systems's EU Taxonomy Dataset?

Explore Peer Companies

Welcome Back to Tracenable

Sign in to your account

Vestas Wind Systems A/S

Vestas Wind Systems's EU Taxonomy Data Preview

Verified Sources Behind Vestas Wind Systems’s EU Taxonomy Data

Insights into Vestas Wind Systems's Revenues from Sustainable Activities

Vestas Wind Systems's Taxonomy-Eligible Turnover Over Time

Have Vestas Wind Systems's revenues become more sustainable over time?

How much of Vestas Wind Systems's revenue is eligible under the EU Taxonomy?

How much of Vestas Wind Systems's eligible revenue is aligned with the EU Taxonomy?

Vestas Wind Systems's Eligibility & Alignment Overview

Vestas Wind Systems's Contribution to Environmental Objectives

How is Vestas Wind Systems's taxonomy-aligned revenue distributed across the EU environmental objectives?

How much revenue does Vestas Wind Systems earn from selling climate-related solutions ?

Insights into Vestas Wind Systems's CAPEX from Sustainable Activities

Vestas Wind Systems's Taxonomy-Eligible Capex Over Time

Have Vestas Wind Systems's increased its investment in sustainable activities over time?

How much of Vestas Wind Systems's capital expenditure (CAPEX) is eligible under the EU Taxonomy?

How much of Vestas Wind Systems's eligible CAPEX is aligned with the EU Taxonomy?

Vestas Wind Systems's Eligibility & Alignment Overview

Vestas Wind Systems's Contribution to Environmental Objectives

How is Vestas Wind Systems's taxonomy-aligned CAPEX distributed across the EU environmental objectives?

How much Vestas Wind Systems is investing in climate-related solutions?

Insights into Vestas Wind Systems's OPEX from Sustainable Activities

Vestas Wind Systems's Taxonomy-Eligible Opex Over Time

Have Vestas Wind Systems's increased its spending in sustainable activities over time?

How much of Vestas Wind Systems's operational expenditure (OPEX) is eligible under the EU Taxonomy?

How much of Vestas Wind Systems's eligible OPEX is aligned with the EU Taxonomy?

Vestas Wind Systems's Eligibility & Alignment Overview

Vestas Wind Systems's Contribution to Environmental Objectives

How is Vestas Wind Systems's taxonomy-aligned OPEX distributed across the EU environmental objectives?

How much of Vestas Wind Systems's operational budget supports climate-related solutions?

Explore Peer Companies

FLSmidth & Co A/S

Nilfisk Holding A/S

ISS A/S

Svitzer Group A/S

Cadeler A/S

Nkt A/S