Risks
Eolus regularly conducts a specific risk analysis focusing on sustainability-related risks. The risks assessed to have the highest likelihood and greatest impact are linked to our supply chain.
Supply Chain Risks
We are well aware of the social challenges linked to the expansion of renewable energy generation. In the latest sustainability risk assessment performed by Eolus, a high risk of human rights violations in our supply chain was identified. Industry-typical risks exist in the extraction and processing of raw materials for the manufacture of wind turbines, solar panels and batteries.
The social challenges identified mainly relates to:
- Unsafe working conditions
- Disrespect for indigenous peoples’ rights.
- Forced labor
- Child labor
The background to these risks is that the majority of the world’s extraction of metals required in the production of components and materials used in wind turbines, solar panels, and battery storage systems takes place, among other locations, in China and the Congo, where there is a known issue regarding these matters.
Construction Phase Risks
Risks in connection with the construction of energy farms are mainly linked to a safe and healthy work environment and environmental damage, such as oil spills from machinery. Eolus has established minimum requirements for workplace health and safety that apply to all contractors who perform work on behalf of the company. These comprise a joint platform for safety measures. In addition to these, health and safety measures are aligned with the applicable laws in each country and local conditions.