Vestas Wind Systems
Primary Climate Goal
Vestas Wind Systems's target annual Scope 1 + 2 emissions for 2050 should be equal to 0 Kt = 0% * 102 Kt, according to the company's stated climate goal.
In order to achieve this goal, Vestas Wind Systems would need to reduce its emissions at least by -3.5 Kt per annum over the period from 2022 to 2050:
-3.5 Kt = ( 0 Kt - 102 Kt ) / (2050 - 2021)
This translates into a -3.4% reduction in 2022.
The projected range shown on the chart is based on the Exerica's algorithm which takes account of both the company's stated goal and its past performance.
Vestas Wind Systems aims to achieve net zero for Scope 1 + 2 by 2050
Science Based Targets initiative In October 2021 SBTi developed and launched world's first net zero standard, providing framework and tools for companies to set science-based net zero targets and limit global temperature rise above pre-industrial levels to 1.5 °C.
GHG emissions and Carbon intensity
Scope 1 + 2 GHG emissions (in tons of CO2e) divided by the company's Revenues (in USDm) for the same period
Vestas Wind Systems reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 102 Kt (+5/+5.2% y-o-y). At the sime time, carbon intensity decreased to 5.5 t (-0.1 /-1.8% y-o-y).
Vestas Wind Systems's Scope 3 emissions declined marginally to 10,560 Kt (
The company is committed to achieving net zero for Scope 1 + 2 by 2050, which translates into the estimated reduction of -3.5 Kt per annum over the period of FY2022 - FY2050. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
Vestas Wind Systems aims to achive carbon neutrality across its operations (Scope 1 + 2) in 2030. Companies normally become carbon neutral with the help of the acquisition of carbon offsets rather than absolute reductions in their own greenhouse emissions. Also, carbon neutrality does not include non-CO2 GHG emissions.
Vestas Wind Systems also has a science-based goal that, however, does not appear to explicitly target a company-wide reduction in emissions in absolute terms. Vestas Wind Systems commits to reduce absolute scope 1 and 2 GHG emissions 100% by 2030 from a 2019 base year.* Vestas Wind Systems commits to reduce scope 3 GHG emissions 45% per MWh delivered to the market by 2030 from a 2019 base year.* The target boundary includes biogenic emissions and removals from bioenergy feedstocks.