Orsted
ESRS disclosure
Tags Tree
- Has your company identified climate-related hazards over short-, medium-, and long-term time horizons, and assessed whether its assets and business activities may be exposed to these hazards, as part of the processes to identify and assess material climate-related impacts, risks, and opportunities?
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Question Id: E1.IRO-1_03
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking identified climate-related hazards over the short-, medium-, and long-term, and screened whether its assets and business activities may be exposed to these hazards, as per Disclosure Requirement E1-9 and ESRS 2 IRO-1?
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Question Id: E1.IRO-1_04
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 50%
- Has your company defined short-, medium-, and long-term time horizons in relation to anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities? Additionally, explain how these definitions are linked to the expected lifetime of your assets, strategic planning horizons, and capital allocation plans, in accordance with the processes to identify and assess material climate-related impacts, risks, and opportunities.
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Question Id: E1.IRO-1_05
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 60%
- Has the company evaluated the extent to which its assets and business activities are exposed and sensitive to identified climate-related hazards? This evaluation should consider the likelihood, magnitude, and duration of these hazards, as well as the geospatial coordinates specific to the company's locations and supply chains, in accordance with Disclosure Requirement E1-9 and ESRS 2 IRO-1. Additionally, clarify whether the anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities, have been assessed, noting that quantification of financial effects from opportunities is not mandatory if it does not meet the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_06
The results of the physical climate risk assessment show that all our assets are structurally protected against physical risks from climate change. This is achieved through a combination of design safeguards and mitigation measures, including active collaboration with wind turbine manufacturers to tailor designs to local conditions, and conducting stress tests for extreme scenarios during the design process.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking's process for identifying and assessing material climate-related impacts, risks, and opportunities include an explanation of whether and how the identification of climate-related hazards and the assessment of exposure and sensitivity are informed by high emissions climate scenarios, such as those based on IPCC SSP5-8.5, relevant regional climate projections, or NGFS climate scenarios with high physical risk like "Hot house world" or "Too little, too late"?
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Question Id: E1.IRO-1_07
Our physical climate risk assessment analyses data based on the remaining operational lifetimes of our assets, which extend up to 35 years. This period is considered medium term in climate projections, as significant climate changes are not typically observed in the short term.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed explanation of the processes utilized to identify and assess material climate-related impacts, risks, and opportunities. Specifically, describe how climate-related scenario analysis, incorporating a variety of climate scenarios, has been employed to inform the identification and assessment of physical risks and transition risks and opportunities over the short, medium, and long term, as required under ESRS 2 IRO-1, paragraphs 20 (b) and 20 (c).
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Question Id: E1.IRO-1_08
Scenario analysis is used to address climate-related physical and transition risks, such as extreme weather events and climate variability, and regulatory and political shifts, respectively.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed description of the processes utilized to identify and assess material climate-related impacts, risks, and opportunities. Specifically, outline the procedures concerning climate-related transition risks and opportunities within your own operations and throughout the upstream and downstream value chain.
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Question Id: E1.IRO-1_09
Transition risks stem from a shift to a low-carbon economy and encompass factors such as new regulations, technological innovation, changing market dynamics, and shifting consumer preferences. Over the past decades, we have effectively mitigated these risks by transforming our business model from fossil fuels to renewable energy, aligning our operations with a 1.5 °C climate trajectory.
Report Date: 4Q2024Relevance: 60%
- Has your company identified transition events over short-, medium-, and long-term time horizons, and assessed whether its assets and business activities are exposed to these events, in accordance with Disclosure Requirement E1-9 and ESRS 2 IRO-1? Please provide an explanation of the processes used to identify and assess material climate-related impacts, risks, and opportunities, ensuring alignment with climate-related public policy goals where applicable.
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Question Id: E1.IRO-1_10
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking conducted a screening to determine if its assets and business activities are potentially exposed to transition events, as part of the process to identify and assess material climate-related impacts, risks, and opportunities? Please provide an explanation of whether and how transition events have been identified over the short-, medium-, and long-term, considering that long-term may extend beyond 10 years and align with climate-related public policy goals.
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Question Id: E1.IRO-1_11
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 60%
- Has the company assessed the extent to which its assets and business activities are exposed and sensitive to identified transition events, considering the likelihood, magnitude, and duration of these events? Provide a detailed explanation of the processes used to identify and assess material climate-related impacts, risks, and opportunities, as required under paragraph 20 (c) of the ESRS regulations. Ensure that the disclosure aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_12
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 60%