MHI Vestas Offshore Wind A/S Sustainability Profile
MHI Vestas Offshore Wind A/S, a prominent player in the renewable energy sector, is headquartered in Denmark (DK) and operates extensively across Europe and Asia. Founded in 2014 as a joint venture between Mitsubishi Heavy Industries and Vestas Wind Systems, the company has quickly established itself as a leader in offshore wind turbine manufacturing and installation. Specialising in high-capacity wind turbines, MHI Vestas is renowned for its innovative technology and commitment to sustainability. Their core products, including the V164 and V174 turbines, are designed to maximise energy output while minimising environmental impact. With a strong market position, MHI Vestas has achieved significant milestones, including the installation of some of the world's largest offshore wind farms, solidifying its reputation as a key contributor to the global transition towards clean energy.
DitchCarbon Score
How does MHI Vestas Offshore Wind A/S's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
MHI Vestas Offshore Wind A/S's score of 79 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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MHI Vestas Offshore Wind A/S currently does not report specific carbon emissions data, as no emissions figures are available. However, the company is a current subsidiary of Vestas Wind Systems A/S, which influences its climate commitments and initiatives. Vestas Wind Systems A/S has established significant climate targets, including those set through the Science Based Targets initiative (SBTi) and other sustainability frameworks. These targets are cascaded to MHI Vestas Offshore Wind A/S, reflecting a commitment to reducing carbon emissions across its operations. The company is aligned with industry standards for climate action, focusing on enhancing sustainability in offshore wind energy production. While specific reduction targets for MHI Vestas Offshore Wind A/S are not detailed, the overarching goals from Vestas indicate a proactive approach to mitigating climate impact. The commitment to renewable energy and sustainable practices is integral to the company's operations, contributing to the broader efforts in the wind energy sector to combat climate change.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 56,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 |
| Scope 2 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 00,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is MHI Vestas Offshore Wind A/S's Industry?
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MHI Vestas Offshore Wind A/S's Scope 3 Categories Breakdown
MHI Vestas Offshore Wind A/S's Scope 3 emissions, which increased by 4% last year and increased by approximately 20% since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 78% of Scope 3 emissions.
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MHI Vestas Offshore Wind A/S's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
MHI Vestas Offshore Wind A/S has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
