Vestas has established a framework to enable issuance of Sustainability-Linked Bonds within Vestas’ EMTN program. The framework aligns with the Sustainability-Linked Bonds Principles 2020 (SLBP).
We finance our operations and investments through a combination of our own generated cash flow and external funding. We are a reliable and valued partner in financial markets, and cultivating relationships with our key debt capital investors is an inherent part of our financing strategy.
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Fund Advantages
Funding goal and principles
Our overall funding goal is to secure adequate and sufficient supply of capital and to minimise, within stipulated internal directives and adopted risk limits, long-term funding costs.
Our business operations are capital intensive with major seasonal fluctuations. This makes it necessary to have both short- and long-term funding available to secure our financial flexibility needs.
Risk management - liquidity risks
Managing financial risks are an inherent part of our operating activities through its international operations. We are exposed to a number of financial risks, why the monitoring and control of financial risks is important for Vestas.
Additional information see the Annual Report note Capital structure and financing items.
Treasury and financing policy
Our Treasury Policy sets the limits for the various financial risks as well as our policy of only hedging commercial exposures and not entering into any speculative transactions. We manage our liquidity risks according to the Treasury Policy and ensures to have sufficient financial resources to service its financial obligations. Financial resources are managed through a combination of cash on bank account and money market deposits, committed credit facilities, and highly rated marketable securities. The liquidity is managed and optimised centrally by using cash pools and in-house bank solutions.
