Orsted
ESRS disclosure
Tags Tree
- Does the undertaking have policies in place to protect individuals, including workers' representatives, from retaliation when they utilize channels to raise concerns or needs? Additionally, how does the undertaking ensure that its workforce is aware of and trusts these processes as effective means to address their concerns? If this information has been previously disclosed under ESRS G1-1, please reference that disclosure.
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Question Id: S1-3_09
We take proactive steps to ensure that our employees are aware of and reminded about the grievance mechanisms available. This awareness is built into various aspects of our employee experience, including: 1) code of conduct training: As part of our mandatory e-learning, we include guidance on our grievance and complaints handling mechanisms. 2) policy: The employees’ rights and options for support are further described in the ‘Grievance and complaints’ section in our ‘Global labour and employment rights policy’. 3) internal information campaigns: We regularly communicate with our employees through various internal channels, including emails, newsletters, and our intranet, to remind them about the availability of grievance channels and to encourage their use.
Report Date: 4Q2024Relevance: 80%
- Has the undertaking failed to implement a channel for raising concerns within its own workforce, and if so, is there a specified timeframe for establishing such a channel?
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Question Id: S1-3_10
We are dedicated to ensuring that our employees not only have access to grievance channels but also have the knowledge, confidence, and psychological safety to utilise them when necessary. Ørsted as an organisation has the responsibility to take all reported cases seriously and provide fair outcomes for investigated cases that take all parties’ needs into consideration. We also maintain secure and confidential records of reports and outcomes. All employees have the right to make a complaint or raise a grievance without fear of retaliation. All concerns and complaints raised to People & Culture are taken seriously and handled confidentially to the extent possible. Employees can use various mechanisms for raising their concerns or complaints. Firstly, an employee will always go to their direct people leader for support. Secondly, employees can reach out to the People & Culture organisation if they have a question or a concern via either an HR business partner or a local People & Culture colleague. Thirdly, the employees can raise their concerns on an anonymous basis in the annual People Matter survey. Lastly, our Whistleblower Hotline can be used by our employees and external stakeholders. Through the Whistleblower Hotline, employees are able to file a confidential report on inappropriate or illegal conduct and can remain anonymous.
Report Date: 4Q2024Relevance: 75%
- Has the undertaking established a channel for its own workforce to raise concerns? If not, disclose the absence of such a channel and provide a timeframe within which the undertaking intends to implement this channel.
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Question Id: S1-3_11
We are dedicated to ensuring that our employees not only have access to grievance channels but also have the knowledge, confidence, and psychological safety to utilise them when necessary. Ørsted as an organisation has the responsibility to take all reported cases seriously and provide fair outcomes for investigated cases that take all parties’ needs into consideration. We also maintain secure and confidential records of reports and outcomes. All employees have the right to make a complaint or raise a grievance without fear of retaliation. All concerns and complaints raised to People & Culture are taken seriously and handled confidentially to the extent possible. Employees can use various mechanisms for raising their concerns or complaints. Firstly, an employee will always go to their direct people leader for support. Secondly, employees can reach out to the People & Culture organisation if they have a question or a concern via either an HR business partner or a local People & Culture colleague. Thirdly, the employees can raise their concerns on an anonymous basis in the annual People Matter survey. Lastly, our Whistleblower Hotline can be used by our employees and external stakeholders. Through the Whistleblower Hotline, employees are able to file a confidential report on inappropriate or illegal conduct and can remain anonymous.
Report Date: 4Q2024Relevance: 95%
- Provide a detailed account of the actions taken, planned, or currently underway to prevent or mitigate any material negative impacts on your own workforce. Include approaches to managing material risks and pursuing material opportunities related to your workforce, as well as an assessment of the effectiveness of these actions.
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Question Id: S1-4_01
At Ørsted, employees are part of a safe working environment where impacts are identified and managed, including impacts related to physical injuries and well-being of employees. Due to the nature of our industry, we recognize the impact to employees of potential injuries and fatalities, primarily during the construction and operation phases of our assets. Furthermore, we recognize the present impact of work-related stress and anxiety experienced among employees on a global level. Ensuring transparent and fair working conditions are rooted in our employee value proposition, where fair and competitive rewards and employment terms as well as a flexible working culture, are foundational factors. Our flexible working culture is creating additionality within many of the markets where we operate, and particularly in our US and APAC regions, as our global policies go beyond the norm. In 2024, Ørsted navigated a rapidly evolving industry landscape, necessitating organizational adjustments, including redundancies, to maintain our competitive edge. While both satisfaction and motivation levels as well as voluntary turnover remain healthy compared to industry benchmarks, the changes have had a noticeable impact on employee satisfaction and motivation and our voluntary turnover trend. This poses a short-term risk of increased voluntary turnover and lower morale, satisfaction, and heightened stress.
Report Date: 4Q2024Relevance: 80%
- Has the undertaking taken action to provide or enable remedy concerning an actual material impact on its own workforce, and if so, how has this been accomplished?
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Question Id: S1-4_02
We work actively to ensure a safe and inclusive working environment as all employees deserve to be treated with dignity and respect. Employees can report grievances and complaints via the designated mechanisms, depending on the nature of the incident. Regardless of the reporting mechanisms and its severity level, we take all incidents seriously and handle all cases in a professional and confidential manner where all parties’ needs are taken into consideration. Access to remedy helps ensure fairness, justice, and protection for individuals and communities. It allows people to seek recourse and find a solution when they feel that their rights have been violated, promoting a more equitable and fairer workplace. If any employee feels they have experienced an instance of bullying, discrimination, or harassment, they are encouraged to seek support. We have established various grievance and complaint mechanisms for our employees, which are described on our intranet and summaries.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of any additional initiatives or actions implemented by your organization with the primary purpose of delivering positive impacts for your own workforce, in accordance with Disclosure Requirement S1-4, which pertains to addressing material impacts, managing material risks, and pursuing material opportunities related to your workforce, as well as evaluating the effectiveness of these actions.
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Question Id: S1-4_03
In 2024, we conducted a large campaign called Ørsted Safety Days with the objective of implementing Ørsted’s life-saving rules. The scope of the campaign was for sites, fabrication yards, and offices across all regions. All employees and contractors on sites were asked to join one of the Safety Day sessions, which were facilitated by different people leaders, including all Group Executive Team members. Ørsted’s life-saving rules have been developed in collaboration with G+, the Global Offshore Wind Health and Safety Organisation, to protect our employees, contractors working at our sites, and suppliers from serious incidents. The implementation of similar life-saving rules has led to a stronger safety culture and better general safety performance in other industries – the same outcome is expected in Ørsted.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the methods employed by your organization to track and assess the effectiveness of actions and initiatives aimed at delivering outcomes for your own workforce, as per Disclosure Requirement S1-4 concerning material impacts, risks, and opportunities related to your workforce.
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Question Id: S1-4_04
With regards to gender diversity, we report to the Board of Directors on our metrics related to gender on a bi-annual basis. This includes the three levels we have under the gender balance target of at least 40% women across the Ørsted group and a variety of supporting metrics within equity, diversity, and inclusion. Our HR business partners and talent acquisition partners instruct and inform leaders on talent decisions within the context of our gender ambition.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed description of the processes your organization employs to identify necessary and appropriate actions in response to actual or potential negative impacts on your workforce, as per Disclosure Requirement S1-4.
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Question Id: S1-4_05
As health and safety performance is part of the discussion on most managerial levels, we are able to react quickly to negative trends and sub-standard performance and initiate mitigating or preventive actions. To support the discussions and decisions, frequent health and safety reports are shared internally, weekly incident updates are communicated, and top QHSE enterprise risks and a dynamic risk register are ongoingly updated and monitored.
Report Date: 4Q2024Relevance: 80%
- What actions are currently planned or underway to mitigate material risks arising from the impacts and dependencies on your own workforce, and how is the effectiveness of these actions being tracked in practice?
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Question Id: S1-4_06
In 2024, Ørsted navigated a rapidly evolving industry landscape, necessitating organizational adjustments, including redundancies, to maintain our competitive edge. While both satisfaction and motivation levels as well as voluntary turnover remain healthy compared to industry benchmarks, the changes have had a noticeable impact on employee satisfaction and motivation and our voluntary turnover trend. This poses a short-term risk of increased voluntary turnover and lower morale, satisfaction, and heightened stress.
Report Date: 4Q2024Relevance: 60%
- What actions are currently planned or being implemented to pursue material opportunities concerning your own workforce?
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Question Id: S1-4_07
Our flexible working culture is creating additionality within many of the markets where we operate, and particularly in our US and APAC regions, as our global policies go beyond the norm.
Report Date: 4Q2024Relevance: 60%