Responsible business
Governance & reporting
Policies that support responsible and sustainable business practices
Our governance structure at VELUX Group follows good governance principles at all levels. We have a clear reporting system, with Sustainability and Finance teams providing quarterly updates to the Executive Group Management (EGM). Senior managers own strategic sustainability projects, overseen by EGM members. We also track 'running indicators' to measure responsible business practices, verified externally and reported in our ESG reports.
Ownership
The VELUX Group is owned by VKR Holding A/S, a limited company owned by the Villum Foundation and members of the Kann Rasmussen family. The VELUX Group’s financial results are incorporated into VKR Holding’s consolidated accounts. In 2024, the VELUX Group had a total revenue of EUR 2.96 billion, VKR Holding had a total revenue of EUR 3.87 billion, and the Villum Foundation and the VELUX FOUNDATION donated EUR 169 million in charitable grants. The VKR Group consists of two main business areas, VELUX and DOVISTA, and is present in 38 countries.
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 responsibly work with scarce natural resources.
Sustainability reporting
Our annual sustainability report provides an overview of our ambitions, performance against targets, and governance.
Material impacts, risks and opportunities
Discover how we identify and prioritise the sustainability topics that matter most to our business and stakeholders.