Vestas has been named the most sustainable company in the world in the 18th annual ranking published by Corporate Knights.
Danish developer Orsted was ranked the 7th most sustainable company.
The ranking is based on a detailed assessment of 6,914 companies, each with more than US$1bn (€0.88bn) in revenue, where performance across a range of sustainability metrics is evaluated.
The index revealed circularity and ambitious carbon emissions reduction goals as highly prevalent amongst high performers.
Vestas said that the ranking was linked to its sustainability strategy.
Launched in 2020, the strategy has established sustainability performance as a core priority across the entire value chain, including across its supplier network.
As part of the strategy, Vestas recently launched an ambitious circularity roadmap and governance structure, along with having its carbon emissions reduction targets for internal operations validated by the Science Based Targets initiative, as being in line with the 1.5 degree scenario of the Paris Agreement.
Vestas chief executive and president Henrik Andersen said: “Vestas has successfully helped our partners avoid more than 1.7 billion tonnes carbon emissions over the past four decades.
“Building a more sustainable future for our planet however, demands that we do more.
“As the energy transition accelerates, Vestas is dedicated to making sure this transformation unfolds sustainably, in close collaboration with our partners.”
Vestas Vice President and head of sustainability Lisa Ekstrand added: “Improving our sustainability performance has been an opportunity for Vestas to create more value for our partners.
“Through establishing sustainability as a priority across our entire value chain, including our supplier network, we have created many more opportunities for collaboration, and for driving maturity and scale for the renewables industry.
“Although we still have a long journey ahead, we are proud to be paving the way for renewables to expand without compromising the interests of future generations.”