Vestas to become carbon-neutral by 2030

Source: press release, 6 January 2020

photo: Vestas
photo: Vestas

In more than 40 years of pioneering in the wind energy industry, Vestas has worked with customers to reduce greenhouse gas emissions by driving the transition to replace carbon-based energy generation with renewable energy. Now, Vestas has announced it will be a carbon-neutral company by no later than 2030 – the first of many initiatives to increase the company’s sustainability performance.

To become carbon-neutral Vestas will reduce the global carbon footprint through a 55% CO2 reduction by 2025, reaching 100% by 2030. As Vestas is committed to leading the transition to a world entirely powered by sustainable energy, the company aims to not use carbon offsets but only deliver CO2 reductions through its own actions. Taking the first steps this year, Vestas will be transitioning to electric vehicles for company cars, will start replacing global service vehicle fleet with renewable fuelled vehicles and will be exploring further steps to reduce heating- and transport-related CO2 emissions from its operations. Vestas factories and offices have been powered by 100% renewable electricity since 2013.

Vestas is also committing to reduce the CO2 emissions from its supply chain by 45% per MWh generated by 2030. The measurement has been chosen because it incentivises sustainability partnerships with suppliers that both reduce CO2emissions and allows for the continued growth of the global renewable energy sector. Vestas will therefore actively seek sustainability partnerships with suppliers.

“At Vestas, we are proud of our shared purpose and passion to make the planet a better place and to make our work as sustainable as possible,” says Vestas CEO Henrik Andersen. “To remain at the forefront of the energy transition we must do even more than today to meet the growing sustainability expectations of our customers, partners, investors and employees. Our commitment to become carbon-neutral is the right thing to do for all of us. Together, we will not just make products that build a more sustainable planet, but we will do so in the most sustainable way possible.”

“Becoming carbon-neutral in our own operations and reducing CO2 emissions in our supply chain is the next phase of our journey to ensure a more sustainable planet for future generations – which is our purpose as a company and as individuals,” says Lisa Malmquist Ekstrand, Vestas’ Head of Sustainability. “Going beyond our promise to continue developing energy solutions that reduce CO2 emissions, we are now making sustainability part of everything we do.”

These commitments are shaped based on recommendations from the Science Based Target initiative (SBTi), an initiative led by the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute and the WWF. It advises and assists companies in defining a pathway to future-proof growth and driving the transition to a carbon-free future. Vestas joins at least 730 other leading companies who have already committed to reduce their greenhouse gas emissions under the umbrella of the SBTi.