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 assessed the extent to which its assets and business activities are exposed and sensitive to identified transition events, considering the likelihood, magnitude, and duration of these events? Provide a detailed explanation of the processes used to identify and assess material climate-related impacts, risks, and opportunities, as required under paragraph 20 (c) of the ESRS regulations. Ensure that the disclosure aligns with the qualitative characteristics of useful information as outlined in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_12
For the purposes of meeting financial materiality assessment requirements, we have also considered the following time horizons: short term (covering the current reporting year and the next year), medium term (from the end of the short-term period to five years), and long term (more than five years). Applying these horizons did not lead to any changes in the results of the assessment.
Report Date: 4Q2024Relevance: 60%