Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 h
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- Provide a detailed explanation of how the transition plan for climate change mitigation is integrated into and aligned with your company's overall business strategy and financial planning.
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Question Id: E1-1_13
Our approach to resilience analysis consists of two main components: assessing and managing transition risks and opportunities, and conducting physical climate risk assessments. 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. 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. This proactive shift has positioned us well to capitalise on the increasing demand for renewable energy deployment.
Report Date: 4Q2024Relevance: 65%
- Has your company established targets for reducing greenhouse gas emissions, specifically in terms of Scope 3 emissions, and if so, what is the percentage reduction relative to the emissions of the base year?
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Question Id: E1-4_16
Yes, the company has established targets for reducing Scope 3 emissions, with a 67% reduction by 2030 relative to the 2018 baseline.
Report Date: 4Q2024Relevance: 95%