Provide a detailed explanation of the processes utilized to identify and assess material climate-related impacts, risks, and opportunities. Specifically, describe how climate-related scenario analysis, incorporating a variety of climate scenarios, has been employed to inform the identification and assessment of physical risks and transition risks and opportunities over the short, medium, and long term, as required under ESRS 2 IRO-1, paragraphs 20 (b) and 20 (c).

Question

Accepted Answer

Scenario analysis is used to address climate-related physical and transition risks, such as extreme weather events and climate variability, and regulatory and political shifts, respectively.

Orsted

ESRS disclosure: E1.IRO-1_08

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