Company Profiles

Vestas Wind Systems

Denmark

Based in Denmark, Vestas develops, manufactures, and markets wind energy products. This company has a clear sustainability strategy based on manufacturing equipment and operating facilities for the renewable energy sector. By capturing the energy available in wind currents, power can be generated with essentially zero emissions to the environment. Vestas has performed life-cycle analysis on a number of its products, and reports that its 3.0 MW turbines generate enough renewable energy to offset the energy consumed in their production in under seven months of operation. Vestas sees environmental considerations playing an important role in political and commercial decisions. The increasing attention and regulations associated with greenhouse gas emissions, and the resulting growth in the wind industry as a whole, places Vestas in a position to profit. Vestas has also invested in reducing the direct impacts of its own operations, for example, a majority of the company's employees work in ISO 14001 certified facilities, and over half of Vestas's electricity needs are met by renewable power sources, including wind turbines located at manufacturing sites. Portfolio 21 has asked Vestas to increase the recycling rate for waste at its manufacturing facilities.

To the best of our knowledge the above information is accurate and was obtained from sources we believe to be reliable. Neither the information presented above nor any opinion expressed shall be construed as an offer to sell or a solicitation to buy the security. The views expressed are those of portfolio management as of 12/31/07 and may not reflect current opinions or subsequent events.