Read our latest Sustainability Report
Responsible business
Responsible business at the VELUX Group means acting with integrity, fairness, and transparency. We believe in creating an inclusive environment where everyone feels respected and valued, while ensuring strong governance and clear reporting.
Model Company Objective
The way we do business is aptly defined in our Model Company Objective, which our founder Villum Kann Rasmussen formulated in 1965. With the Model Company Objective, we aim to set a positive example through our behaviour. It guides how we respectfully engage with the people we work with, defines how we give back to the societies in which we operate and sets the direction for how we work with sustainability.
Fair and equal
At VELUX, we believe diversity and inclusion are the foundation of innovation and progress. We’re dedicated to creating a workplace where everyone feels respected, valued, and empowered – while upholding fairness and equality across our business, partners, and communities.
We actively embrace diversity, valuing the backgrounds, experiences, and perspectives that drive innovation, agility, and excellence in our work.
We actively embrace diversity, valuing the backgrounds, experiences, and perspectives that drive innovation, agility, and excellence in our work.
Health and safety
As a production company, we have a strong focus on safety and an overall vision of zero accidents. Achieving this vision is driven by our safety principles and our safety values.
We work to raise awareness and promote a cultural change towards greater safety in all our workplaces. At the same time, we are improving our accident reporting systems so we can work systematically with our data to take action, gain knowhow and drive preventive initiatives, all with the aim of reinforcing our safety performance.
With this overview, we can run the necessary preventive initiatives, and share knowledge and best practices so we can continue to improve safety standards throughout VELUX.
Respecting human rights
The VELUX Group is committed to respecting and promoting human rights across our operations and value chain. This commitment is rooted in our Model Company Objective and reflects our purpose to create well-being for people and planet.
We recognise that respecting human rights is fundamental to a more sustainable business and essential for maintaining the trust of our employees, customers, partners and society. Our responsibility extends beyond our own operations to our value chain, where we apply human rights due diligence and promote responsible business practices in collaboration with our suppliers and partners.
Our approach is guided by the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, as well as our commitment to the Ten Principles of the UN Global Compact. We are committed to respecting the integrity and dignity of all individuals, both within our own operations and across our value chain.
The VELUX Group Sustainability Policy, Code of Conduct and Basic Working Conditions for Suppliers, Code of Conduct for Employees, DEI Policy, Health and Safety Policy and Anti-harassment Policy guide our efforts. Together[SR2.1], these policies define our principles and requirements for responsible business conduct across our own operations and throughout our value chain.
We recognise that respecting human rights is fundamental to a more sustainable business and essential for maintaining the trust of our employees, customers, partners and society. Our responsibility extends beyond our own operations to our value chain, where we apply human rights due diligence and promote responsible business practices in collaboration with our suppliers and partners.
Our approach is guided by the OECD Guidelines for Multinational Enterprises and the UN Guiding Principles on Business and Human Rights, as well as our commitment to the Ten Principles of the UN Global Compact. We are committed to respecting the integrity and dignity of all individuals, both within our own operations and across our value chain.
The VELUX Group Sustainability Policy, Code of Conduct and Basic Working Conditions for Suppliers, Code of Conduct for Employees, DEI Policy, Health and Safety Policy and Anti-harassment Policy guide our efforts. Together[SR2.1], these policies define our principles and requirements for responsible business conduct across our own operations and throughout our value chain.
Sustainability Report 2025
We want to be transparent about our sustainability efforts. We do this by publishing an annual sustainability report.
Since 2011, we have published an annual sustainability report with comprehensive information about our company and how we seek to reduce our negative social and environmental impact.
Previous Sustainability Reports
Identifying our material impacts, risks, and opportunities
The Double Materiality Assessment (DMA) identifies the sustainability topics that are most critical to our business, from both a financial and impact perspective. This helps us prioritise our efforts on the issues where we can make real and tangible progress.
The DMA also acts as an essential first step towards meeting increasing regulatory requirements, including those of the Corporate Sustainability Reporting Directive (CSRD).
Financial materiality examines how environmental and social factors, such as climate change or resource scarcity, affect our financial performance, while impact materiality evaluates how our operations and activities impact the environment, society, and other stakeholders. This dual approach allows us to identify and prioritise the impacts, risks, and opportunities in our sustainability work.
During 2024, we updated our DMA building on the approach and results of the DMA from 2023. To a large extent, the results confirmed that our sustainability approach covers the topics most critical to our business.
Standards and policies
Our corporate governance documents, including our policies, are designed to support the ethical management of our business at all levels of operation. These documents guide our daily activities and provide the foundation for legally compliant business conduct based on respect and integrity.