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
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...

Vestas Wind Systems's GHG Emissions Data Preview

In 2024, Vestas Wind Systems completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).

Vestas Wind Systems has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Vestas Wind Systems’s Greenhouse Gas (GHG) Emissions 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
a. Vestas Wind Systems's Annual Report 2024
b. Vestas Wind Systems's Sustainability Report 2023
b. Vestas Wind Systems's Sustainability Report 2023
c. Vestas Wind Systems's Annual Report 2022
c. Vestas Wind Systems's Annual Report 2022

Insights into Vestas Wind Systems's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Vestas Wind Systems amounted to 152,000 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of Vestas Wind Systems decreased by 0.65%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Vestas Wind Systems's Scope 1 Emissions Over Time

2018201920202021202220232024030 k60 k90 k120 ktCO2e-4%+26%+19%-1%+10%-4%
  • Total Scope 1
  • Year-over-Year Change

What are Vestas Wind Systems's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Vestas Wind Systems were 104,000 metric tons of CO₂ equivalent (tCO₂e). a

Has Vestas Wind Systems reduced its Scope 1 emissions over time?

Since 2018, Vestas Wind Systems's Scope 1 emissions have increased by 50.72%, reflecting a rising long-term trend in Scope 1 emissions over time. a c

Compared to the previous year (2023), Vestas Wind Systems's Scope 1 emissions decreased by 3.7%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are Vestas Wind Systems's Scope 2 emissions?

In 2024, Vestas Wind Systems reported Scope 2 greenhouse gas (GHG) emissions of 1,000 tCO₂e using the market-based method and 48,000 tCO₂e using the location-based method. a

Has Vestas Wind Systems reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Vestas Wind Systems's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Vestas Wind Systems 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does Vestas Wind Systems use for Scope 2 reporting?

In 2024, Vestas Wind Systems reported its Scope 2 emissions using the market-based method and using the location-based method. a

Vestas Wind Systems's Scope 2 Emissions Over Time

2018201920202021202220232024020 k40 k60 k80 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Vestas Wind Systems's Value Chain Emissions

In 2024, Vestas Wind Systems reported 7,990,000 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of Vestas Wind Systems includes a breakdown across 8 of the 15 Scope 3 categories defined by the GHG Protocol, down from 9 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions. a

Vestas Wind Systems's Scope 3 Emissions Over Time

20192020202120222023202403 M6 M9 M12 MtCO2e+35%0%-23%-6%+4%
  • Total Scope 3
  • Year-over-Year Change

What are Vestas Wind Systems's Scope 3 emissions?

In 2024, Vestas Wind Systems reported total Scope 3 emissions of 7,990,000 metric tons of CO₂ equivalent (tCO₂e). a

Approximately 99.12% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.88% came from downstream activities like product use, distribution, and end-of-life treatment. a

Compared to the previous year (2023), Vestas Wind Systems's Scope 3 emissions remained relatively stable, indicating that Vestas Wind Systems 's emissions have plateaued with no significant change in its value chain footprint. a

What categories of Scope 3 emissions does Vestas Wind Systems disclose?

In 2024, Vestas Wind Systems reported emissions for 8 out of the 15 Scope 3 categories defined by the GHG Protocol. a

This partial disclosure allows for some insight into the company's indirect impacts.

What are the main sources of Vestas Wind Systems's Scope 3 emissions?

In 2024, the largest contributors to Vestas Wind Systems's Scope 3 emissions were: a

  • Purchased Goods and Services (Cat. 1): 7,020,000 tCO₂e (87.86%)
  • Upstream Transportation and Distribution (Cat. 4): 600,000 tCO₂e (7.51%)
  • Capital Goods (Cat. 2): 160,000 tCO₂e (2%)

Vestas Wind Systems's Scope 3 Emissions by Categories

Purchased Goods andServices (Cat. 1)(87.9%)UpstreamTransportation andDistribution(Cat. 4)(7.5%)Capital Goods(Cat. 2)(2.0%)

Insights into Vestas Wind Systems’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Vestas Wind Systems reported Scope 1 greenhouse gas (GHG) emissions of 104,000 tCO₂e and total revenues of USD 134,315 millions. This translates into an emissions intensity of 0.77 tCO₂e per millions USD. a

Vestas Wind Systems's Scope 1 Emissions Intensity Compared to Peers

2002,00050,000500,0005,000,000Scope 1 Emissions (tCO2e)1001,00010,00050,000500,000Revenues (Millions of USD)DoverYear: 2023Scope 1: 54,800 tCO2eRevenue: $M 8,438Scope 1 Intensity: 6.49 tCO2e/$MShanghai Electric GroupYear: 2024Scope 1: 86,106 tCO2eRevenue: $M 15,920Scope 1 Intensity: 5.41 tCO2e/$MNARI TechnologyYear: 2023Scope 1: 1,692 tCO2eRevenue: $M 7,257Scope 1 Intensity: 0.23 tCO2e/$MEmerson ElectricYear: 2024Scope 1: 64,976 tCO2eRevenue: $M 17,492Scope 1 Intensity: 3.71 tCO2e/$MOtis WorldwideYear: 2024Scope 1: 120,275 tCO2eRevenue: $M 14,261Scope 1 Intensity: 8.43 tCO2e/$MHyosung Heavy IndustriesYear: 2024Scope 1: 14,607 tCO2eRevenue: $M 3,336Scope 1 Intensity: 4.38 tCO2e/$MIMIYear: 2024Scope 1: 10,535 tCO2eRevenue: $M 2,773Scope 1 Intensity: 3.80 tCO2e/$MParker-HannifinYear: 2023Scope 1: 127,000 tCO2eRevenue: $M 19,065Scope 1 Intensity: 6.66 tCO2e/$MRegal RexnordYear: 2024Scope 1: 61,149 tCO2eRevenue: $M 6,034Scope 1 Intensity: 10.13 tCO2e/$MSuzlon EnergyYear: 2025Scope 1: 9,002 tCO2eRevenue: $M 1,270Scope 1 Intensity: 7.09 tCO2e/$MKoneYear: 2024Scope 1: 112,500 tCO2eRevenue: $M 11,549Scope 1 Intensity: 9.74 tCO2e/$MKawasaki Heavy IndustriesYear: 2024Scope 1: 142,390 tCO2eRevenue: $M 12,211Scope 1 Intensity: 11.66 tCO2e/$MGoldwind Science & TechnologyYear: 2024Scope 1: 17,334 tCO2eRevenue: $M 7,769Scope 1 Intensity: 2.23 tCO2e/$MIDEXYear: 2024Scope 1: 17,116 tCO2eRevenue: $M 3,269Scope 1 Intensity: 5.24 tCO2e/$MNilfisk HoldingYear: 2023Scope 1: 15,158 tCO2eRevenue: $M 1,144Scope 1 Intensity: 13.25 tCO2e/$MXylemYear: 2023Scope 1: 76,221 tCO2eRevenue: $M 7,364Scope 1 Intensity: 10.35 tCO2e/$MITTYear: 2023Scope 1: 32,312 tCO2eRevenue: $M 3,283Scope 1 Intensity: 9.84 tCO2e/$MAlfa LavalYear: 2024Scope 1: 16,113 tCO2eRevenue: $M 6,076Scope 1 Intensity: 2.65 tCO2e/$MWartsila Oyj AbpYear: 2024Scope 1: 37,066 tCO2eRevenue: $M 6,711Scope 1 Intensity: 5.52 tCO2e/$MShenzhen Envicool TechnologyYear: 2023Scope 1: 1,073 tCO2eRevenue: $M 497Scope 1 Intensity: 2.16 tCO2e/$MFLSmidth & CoYear: 2023Scope 1: 13,533 tCO2eRevenue: $M 3,570Scope 1 Intensity: 3.79 tCO2e/$MNidecYear: 2023Scope 1: 269,000 tCO2eRevenue: $M 16,838Scope 1 Intensity: 15.98 tCO2e/$MSanhua Intelligent ControlsYear: 2023Scope 1: 1,496,347 tCO2eRevenue: $M 3,455Scope 1 Intensity: 433.04 tCO2e/$MSandvikYear: 2024Scope 1: 81,000 tCO2eRevenue: $M 11,150Scope 1 Intensity: 7.26 tCO2e/$MVestas Wind SystemsYear: 2024Scope 1: 104,000 tCO2eRevenue: $M 134,315Scope 1 Intensity: 0.77 tCO2e/$M

How does Vestas Wind Systems's GHG emissions intensity compare to its peers?

In 2024, Vestas Wind Systems reported a Scope 1 emissions intensity of 0.77 tCO₂e per millions USD. Compared to the peer group median of 6.58 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Vestas Wind Systems rank on GHG emissions intensity within its industry?

In 2024, Vestas Wind Systems ranked 2 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places Vestas Wind Systems among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into Vestas Wind Systems's Total Carbon Footprint

In 2024, Vestas Wind Systems reported a total carbon footprint of 8,142,000 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4.21% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a

The largest contributor to Vestas Wind Systems's total carbon footprint was Scope 3 emissions, accounting for 98.13% of the company's total carbon footprint, followed by Scope 1 emissions at 1.28%. a

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