Vestas Wind Systems

Heavy Electrical Equipment
VWS.CO
DKK 186 1.6
Share price
$ 27 bn
Market Cap
$ 27 bn
Enterprise Value

Carbon footprint

3.7 Ton
GHG emissions per $ 1 mln investment
0.11x the weighted average for S&P 500
FY2021
How is this calculated?
+5.2%
YOY change in GHG emissions
Weaker than the -11% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-11%
Proj. YOY change in GHG emissions (Scope 1 + 2)
Stronger than the -9.3% weighted average for S&P 500
FY2022
How is this calculated?

Vestas Wind Systems aims to achieve carbon neutrality for Scope 1 + 2 by 2030


1.5°C
Vestas Wind Systems's actual and proj. GHG emissions (Scope 1 + 2) (Kt of CO2e)

GHG emissions and Carbon intensity

Vestas Wind Systems's GHG emissions (market-based) (Kt of CO2e)
Vestas Wind Systems's Carbon intensity (Tons per 1 USDm)

Vestas Wind Systems's carbon footprint

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 plunged to 8,180 Kt (-2,380 /-22.5% y-o-y). The parameter has been fairly volatile.

The company is committed to achieving carbon neutrality for Scope 1 + 2 by 2030, which translates into the estimated reduction of -11 Kt per annum over the period of FY2022 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

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.

Company environmental metrics

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