Orsted
ESRS disclosure
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- Provide the total number of non-executive members within the administrative, management, and supervisory bodies of the undertaking, as required by Disclosure Requirement GOV-1 concerning the composition and diversity of these bodies.
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Question Id: GOV-1_02
The total number of non-executive members in the Board of Directors is 6 as of 2024.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding the representation of employees and other workers within the administrative, management, and supervisory bodies of the undertaking, as required by Disclosure Requirement GOV-1.
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Question Id: GOV-1_03
We successfully completed our first-ever global employee election for the employee-elected members to the Board of Directors of Ørsted A/S in Q1 2024, with participation of employees across our global footprint.
Report Date: 4Q2024Relevance: 80%
- Provide detailed information regarding the experience of members within the administrative, management, and supervisory bodies that is pertinent to the sectors, products, and geographic locations associated with the undertaking, as per Disclosure Requirement GOV-1.
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Question Id: GOV-1_04
As a whole, the Board possesses expertise across our material sustainability IROs. Based on the seven ESRS topics that have been assessed as material to Ørsted through our DMA, we have mapped the Board’s sustainability competencies to ensure that they have the relevant expertise to oversee material sustainability matters.
Report Date: 4Q2024Relevance: 60%
- Provide the percentage composition by gender and other diversity aspects of the members within your administrative, management, and supervisory bodies. Calculate the board's gender diversity as an average ratio of female to male board members.
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Question Id: GOV-1_05
The gender diversity target is 40% women across Ørsted by 2030. The gender with the lowest representation in the Board of Directors is 50% female as of 2024.
Report Date: 4Q2024Relevance: 50%
- Provide the percentage representation of each gender within the administrative, management, and supervisory bodies of your organization, as well as any other diversity aspects deemed relevant. Specifically, calculate and disclose the board's gender diversity ratio as the average ratio of female to male board members.
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Question Id: GOV-1_06
The gender with the lowest representation in the Board of Directors is 50% female as of 2024.
Report Date: 4Q2024Relevance: 50%
- Provide the percentage of independent board members within your administrative, management, and supervisory bodies. For entities with a unitary board structure, specify the percentage of independent non-executive board members. For those with a dual board structure, indicate the percentage of independent members within the supervisory body.
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Question Id: GOV-1_07
83% of the Board of Directors are independent board members as of 2024.
Report Date: 4Q2024Relevance: 90%
- Provide detailed information regarding the identity of the administrative, management, and supervisory bodies, or the individual(s) within these bodies, who are responsible for overseeing impacts, risks, and opportunities. This disclosure should encompass the roles and responsibilities of these entities as outlined in Disclosure Requirement GOV-1.
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Question Id: GOV-1_08
Ørsted’s Board of Directors is the highest governing body for sustainability. The Board ultimately approves the strategic direction and targets, oversees our performance on material sustainability impacts, risk, opportunities (IROs), and approves the double materiality assessment (DMA) results annually.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, specifically focusing on management's role in governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities.
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Question Id: GOV-1_10
The Group Executive Team steers and approves the strategic direction on sustainability and is accountable for oversight and performance on material sustainability IROs. Ørsted’s Chief Commercial Officer (CCO) has the overall responsibility for ensuring that the business delivers on our sustainability targets and actions, in line with our sustainability ambition.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the governance processes, controls, and procedures utilized by your administrative, management, and supervisory bodies to monitor, manage, and oversee impacts, risks, and opportunities. Specifically, describe management's role within these processes, indicating whether this role is delegated to a specific management-level position or committee. Additionally, elucidate on the mechanisms through which oversight is exercised over the designated position or committee.
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Question Id: GOV-1_11
The Audit & Risk Committee reports to the Board of Directors. The committee is responsible for the integrity and statutory compliance of Ørsted’s CSRD reporting. The Audit & Risk Committee meets six times a year and annually reviews our CSRD reporting, including the DMA results, before the Board of Directors approves it.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the roles and responsibilities of the administrative, management, and supervisory bodies, specifically focusing on the governance processes, controls, and procedures utilized to monitor, manage, and oversee impacts, risks, and opportunities. Include comprehensive information regarding the reporting lines to these bodies.
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Question Id: GOV-1_12
Ørsted’s Board of Directors is the highest governing body for sustainability. The Board ultimately approves the strategic direction and targets, oversees our performance on material sustainability impacts, risk, opportunities (IROs), and approves the double materiality assessment (DMA) results annually.
Report Date: 4Q2024Relevance: 65%