Orsted
Electric Utilities
Denmark
ESRS disclosure: E1.IRO-1_09
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- Provide a detailed description of the processes utilized to identify and assess material climate-related impacts, risks, and opportunities. Specifically, outline the procedures concerning climate-related transition risks and opportunities within your own operations and throughout the upstream and downstream value chain.
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Question Id: E1.IRO-1_09
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. Over the past decades, 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.
Report Date: 4Q2024Relevance: 60%