Orsted
ESRS disclosure
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- Identify the representative(s) within the administrative, management, and supervisory bodies who are accountable for overseeing political influence and lobbying activities, as stipulated in Disclosure Requirement G1-5.
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Question Id: G1-5_01
Our Chief Commercial Officer (CCO) is accountable for these activities.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information regarding financial or in-kind political contributions as stipulated under Disclosure Requirement G1-5, which pertains to political influence and lobbying activities, in accordance with paragraph 27 of the ESRS regulations.
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Question Id: G1-5_02
The data covers financial contributions made either directly or indirectly to beneficiaries that are related to our material impacts, risks, and opportunities, which primarily concern climate-related advocacy. External expenses are included. Internal expenses, such as salary for employees working within this area of expertise, are excluded. Our policy does not allow for in-kind political contributions, and consequently this is not relevant to report.
Report Date: 4Q2024Relevance: 85%
- Provide the total monetary amount of internal and external lobbying expenses incurred by the undertaking, as required under Disclosure Requirement G1-5 concerning political influence and lobbying activities, in accordance with paragraph 31 of Disclosure Requirement G1-6 on payment practices.
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Question Id: G1-5_04
The data covers financial contributions made either directly or indirectly to beneficiaries that are related to our material impacts, risks, and opportunities, which primarily concern climate-related advocacy. External expenses are included. Internal expenses, such as salary for employees working within this area of expertise, are excluded.
Report Date: 4Q2024Relevance: 50%
- Provide detailed information regarding financial and in-kind political contributions, specifically addressing how the monetary value of in-kind contributions is estimated, as stipulated in Disclosure Requirement G1-5 concerning political influence and lobbying activities.
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Question Id: G1-5_08
Our policy does not allow for in-kind political contributions, and consequently this is not relevant to report.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of the primary topics addressed in your lobbying activities and outline your organization's principal positions on these topics. Include explanations on how these align with the material impacts, risks, and opportunities identified in your materiality assessment as per ESRS 2.
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Question Id: G1-5_09
Our lobbying activities primarily concern regulation of the energy sector with a view to accelerating the deployment of renewable energy in a way that underpins urgent climate action, security of supply, competitiveness, and nature enhancement. Our main positions on these topics include support for climate policy agenda goals, namely limiting global heating to 1.5 ºC as per the Paris Agreement and supporting the expansion of renewables and the phase-out of fossil fuels.
Report Date: 4Q2024Relevance: 80%
- Is the undertaking registered in the EU Transparency Register or an equivalent transparency register in a Member State? If so, provide the name of the register and the identification number associated with the undertaking in that register.
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Question Id: G1-5_10
We are registered in the EU Transparency Register, and our identification number is 870817015429-80.
Report Date: 4Q2024Relevance: 100%
- Provide details regarding the appointment of any individuals to administrative, management, or supervisory bodies who have previously held a comparable role within public administration, including regulatory positions, within the two years prior to their current appointment during the reporting period.
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Question Id: G1-5_11
Within Ørsted A/S, there is one member of our Board of Directors who currently holds a position in public administration. No other members of the administrative, management, or supervisory bodies currently hold a position in public administration or have done so for the past two years.
Report Date: 4Q2024Relevance: 50%
- Provide detailed information regarding the role of the administrative, management, and supervisory bodies in relation to business conduct, as stipulated in Disclosure Requirement ESRS 2 GOV-1.
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Question Id: G1.GOV-1_01
The Board of Directors has established three committees: The Audit & Risk Committee, the Nomination & Remuneration Committee, and the Asset Project Committee. The Audit & Risk Committee oversees the integrity of financial and sustainability reporting, compliance with statutory requirements, and evaluates external auditors' independence. It also manages the company's whistleblower scheme. The Nomination & Remuneration Committee assists the Board in matters regarding composition, remuneration, and performance. The Asset Project Committee oversees planning, execution, and delivery of asset projects to meet strategic objectives. The Group Executive Team, appointed by the Board of Directors, manages day-to-day operations according to the Board's guidelines. They conduct annual risk assessments and have established internal control systems to mitigate risks in financial and sustainability reporting.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information regarding the expertise of the administrative, management, and supervisory bodies in business conduct matters, as required under ESRS 2 GOV-1 concerning their roles.
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Question Id: G1.GOV-1_02
The Board of Directors includes individuals with extensive experience and expertise in various fields relevant to business conduct. Lene Skole has experience in managing listed companies and serves as CEO of Lundbeckfonden. Andrew Brown has extensive international executive experience from leading positions in large global organizations. Annica Bresky has leadership experience from global companies within the forestry, paper, and packaging industry. Julia King has a strong international background in engineering and academia. Peter Korsholm has extensive M&A experience and financial reporting expertise. Dieter Wemmer is highly experienced in capital markets and risk management. Benny Gabel, Leticia Francisca Torres Mandiola, Ian McCalder, and Anne Cathrine Collet Yde have various roles within Ørsted, contributing to their expertise in business conduct matters.
Report Date: 4Q2024Relevance: 85%
- Provide the total number of executive members within the administrative, management, and supervisory bodies of the undertaking, as required under Disclosure Requirement GOV-1 concerning the composition and diversity of these bodies.
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Question Id: GOV-1_01
The total number of executive members in the Group Executive Team is 4 as of 2024.
Report Date: 4Q2024Relevance: 90%