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 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%