Our 'Stakeholder engagement policy' underscores our commitment to actively listen to and engage with our stakeholders. Through ongoing dialogue, we gain insight into their positions, concerns, and expectations. The insights gained from these dialogues inform our due diligence processes and double materiality assessment. This allows us to align our sustainability priorities, projects, and processes with the interests and views of our stakeholders. Guided by principles of openness, transparency, and integrity, our Stakeholder engagement policy adheres to international norms and codes, including the UN Guiding Principles on Business & Human Rights, the UN Declaration on the Rights of Indigenous Peoples, and the IFC Performance Standards on Social & Environmental Sustainability. We ensure that the views and interests of affected stakeholders regarding our sustainability-related impacts, risks, and opportunities are regularly communicated to the relevant accountable person in the Group Executive Team through periodic meetings.

Our 'Stakeholder engagement policy' underscores our commitment to actively listen to and engage with our stakeholders. Through ongoing dialogue, we gain insight into their positions, concerns, and expectations. The insights gained from these dialogues inform our due diligence processes and double materiality assessment. This allows us to align our sustainability priorities, projects, and processes with the interests and views of our stakeholders. Guided by principles of openness, transparency, and integrity, our Stakeholder engagement policy adheres to international norms and codes, including the UN Guiding Principles on Business & Human Rights, the UN Declaration on the Rights of Indigenous Peoples, and the IFC Performance Standards on Social & Environmental Sustainability. We ensure that the views and interests of affected stakeholders regarding our sustainability-related impacts, risks, and opportunities are regularly communicated to the relevant accountable person in the Group Executive Team through periodic meetings.

We have considered all the sub-sub-topics listed in ESRS 1 when identifying our impacts, risks, and opportunities (IROs). For impacts on people and the environment (inside-out), we considered both positive and negative impacts related to sustainability matters, which can be both actual and potential. In our financial assessment (outside-in), we assessed potential sustainability-related risks that could trigger a negative financial effect on our business and opportunities that could benefit our business positively. We considered activities within our own operations as well as from our business relationships and value chain. Our value chain assessment mainly focused on our first-tier suppliers, and beyond that, we relied on industry-wide value chain assessments, industry knowledge, and internal knowledge based on our engagement in various forums. We had particular focus on the upstream value chain focusing on sourcing of materials and exposure to certain geographies that might give rise to a heightened risk of adverse human and labour rights and of environmental impacts due to the nature of our industry.

The tables list all of the ESRS disclosure requirements in ESRS 2 and the seven topical ESRS standards which are material to Ørsted. These include:

• BP-1: General basis for preparation of the sustainability statements (SUS: page 59)
• BP-2: Disclosures in relation to specific circumstances (SUS: pages 59-62)
• GOV-1: The role of the administrative, management, and supervisory bodies (MR: pages 46-48, 52; SUS: pages 63-64, 130, 134-135)
• GOV-2: Information provided to and sustainability matters addressed by the undertaking’s administrative, management, and supervisory bodies (SUS: pages 63-64)
• GOV-3: Integration of sustainability-related performance in incentive schemes (REM: page 7)
• GOV-4: Statement on sustainability due diligence (SUS: page 77)
• GOV-5: Risk management and internal controls over sustainability reporting (SUS: page 64)
• SBM-1: Strategy, business model, and value chain (MR: page 21; SUS: pages 65-66, 68, 103, 133)
• SBM-2: Interests and views of stakeholders (SUS: pages 75-76)
• SBM-3: Material impacts, risks, and opportunities and their interaction with strategy and business model (SUS: pages 66-72, 82-83, 85-86, 109-110, 117, 125, 136, 146-147, 154)
• IRO-1: Description of the process to identify and assess material impacts, risks, and opportunities (MR: page 28; SUS: pages 73-74)
• IRO-2: Disclosure requirements in ESRS standards covered by the undertaking’s sustainability statements (SUS: pages 60-62, 74, 78-79)

Immaterial ESRS standards:

• ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’ were deemed immaterial.

The tables list all of the ESRS disclosure requirements in ESRS 2 and the seven topical ESRS standards which are material to Ørsted. These include:

• BP-1: General basis for preparation of the sustainability statements (SUS: page 59)
• BP-2: Disclosures in relation to specific circumstances (SUS: pages 59-62)
• GOV-1: The role of the administrative, management, and supervisory bodies (MR: pages 46-48, 52; SUS: pages 63-64, 130, 134-135)
• GOV-2: Information provided to and sustainability matters addressed by the undertaking’s administrative, management, and supervisory bodies (SUS: pages 63-64)
• GOV-3: Integration of sustainability-related performance in incentive schemes (REM: page 7)
• GOV-4: Statement on sustainability due diligence (SUS: page 77)
• GOV-5: Risk management and internal controls over sustainability reporting (SUS: page 64)
• SBM-1: Strategy, business model, and value chain (MR: page 21; SUS: pages 65-66, 68, 103, 133)
• SBM-2: Interests and views of stakeholders (SUS: pages 75-76)
• SBM-3: Material impacts, risks, and opportunities and their interaction with strategy and business model (SUS: pages 66-72, 82-83, 85-86, 109-110, 117, 125, 136, 146-147, 154)
• IRO-1: Description of the process to identify and assess material impacts, risks, and opportunities (MR: page 28; SUS: pages 73-74)
• IRO-2: Disclosure requirements in ESRS standards covered by the undertaking’s sustainability statements (SUS: pages 60-62, 74, 78-79)

Immaterial ESRS standards:

• ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’ were deemed immaterial.

We have omitted all the disclosure requirements in the topical standards ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’, as these topics were deemed immaterial in our DMA. For ESRS E2 and ESRS E3, we identified and assessed impacts, risks, and opportunities following the same methodology and process steps as for the topics deemed material. This was informed by environmental impact assessments, risk registers, reported data, and other documentation, such as asset-specific conditions for management of pollution and water imposed by local authorities, which is particularly relevant for our CHP plants. However, none of the identified IROs were assessed as material for these two topics due to the high minimum environmental requirements imposed by authorities in the countries where we operate our assets.

We have omitted all the disclosure requirements in the topical standards ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’, as these topics were deemed immaterial in our DMA. For ESRS E2 and ESRS E3, we identified and assessed impacts, risks, and opportunities following the same methodology and process steps as for the topics deemed material. This was informed by environmental impact assessments, risk registers, reported data, and other documentation, such as asset-specific conditions for management of pollution and water imposed by local authorities, which is particularly relevant for our CHP plants. However, none of the identified IROs were assessed as material for these two topics due to the high minimum environmental requirements imposed by authorities in the countries where we operate our assets.

We have omitted all the disclosure requirements in the topical standards ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’, as these topics were deemed immaterial in our DMA. For ESRS E2 and ESRS E3, we identified and assessed impacts, risks, and opportunities following the same methodology and process steps as for the topics deemed material. This was informed by environmental impact assessments, risk registers, reported data, and other documentation, such as asset-specific conditions for management of pollution and water imposed by local authorities, which is particularly relevant for our CHP plants. However, none of the identified IROs were assessed as material for these two topics due to the high minimum environmental requirements imposed by authorities in the countries where we operate our assets.

We have omitted all the disclosure requirements in the topical standards ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’, as these topics were deemed immaterial in our DMA. For ESRS E2 and ESRS E3, we identified and assessed impacts, risks, and opportunities following the same methodology and process steps as for the topics deemed material. This was informed by environmental impact assessments, risk registers, reported data, and other documentation, such as asset-specific conditions for management of pollution and water imposed by local authorities, which is particularly relevant for our CHP plants. However, none of the identified IROs were assessed as material for these two topics due to the high minimum environmental requirements imposed by authorities in the countries where we operate our assets.

We have omitted all the disclosure requirements in the topical standards ESRS ‘E2 Pollution’, ESRS ‘E3 Water and marine resources’, and ESRS ‘S4 Consumers and end-users’, as these topics were deemed immaterial in our DMA. For ESRS E2 and ESRS E3, we identified and assessed impacts, risks, and opportunities following the same methodology and process steps as for the topics deemed material. This was informed by environmental impact assessments, risk registers, reported data, and other documentation, such as asset-specific conditions for management of pollution and water imposed by local authorities, which is particularly relevant for our CHP plants. However, none of the identified IROs were assessed as material for these two topics due to the high minimum environmental requirements imposed by authorities in the countries where we operate our assets.