Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 a
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- Provide an explanation of how your company's greenhouse gas emission reduction targets align with the objective of limiting global warming to 1.5°C, as stipulated by the Paris Agreement, in accordance with Disclosure Requirement E1-1 regarding the transition plan for climate change mitigation.
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Question Id: E1-1_02
Ørsted's transition plan outlines the company's overall pathway to achieving net-zero emissions by 2040, aligned with the 1.5 °C goal of the Paris Agreement. The plan is substantiated by science-based targets, includes key decarbonisation levers, and identifies strategic actions that have driven the transformation of our business model towards renewable energy and will continue to shape our ongoing transition.
Report Date: 4Q2024Relevance: 85%
- Has the company evaluated the extent to which its assets and business activities are exposed and sensitive to identified climate-related hazards? This evaluation should consider the likelihood, magnitude, and duration of these hazards, as well as the geospatial coordinates specific to the company's locations and supply chains, in accordance with Disclosure Requirement E1-9 and ESRS 2 IRO-1. Additionally, clarify whether the anticipated financial effects from material physical and transition risks, as well as potential climate-related opportunities, have been assessed, noting that quantification of financial effects from opportunities is not mandatory if it does not meet the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_06
The results of the physical climate risk assessment show that all our assets are structurally protected against physical risks from climate change. This is achieved through a combination of design safeguards and mitigation measures, including active collaboration with wind turbine manufacturers to tailor designs to local conditions, and conducting stress tests for extreme scenarios during the design process.
Report Date: 4Q2024Relevance: 60%