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.

The total energy consumption of Ørsted is derived from activities under NACE code D35 'Electricity, gas, steam and air conditioning supply' as defined in Commission Delegated Regulation (EU) 2022/1288. The energy intensity from activities in high climate impact sectors is 225 MWh/DKKm in 2024, which is a 15% increase from 196 MWh/DKKm in 2023. This increase is due to a 3% increase in total energy consumption and a 10% reduction in revenue.