Orsted
Electric Utilities
Denmark
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 undertaking utilized climate-related scenario analysis to inform the identification of transition events and the assessment of exposure, specifically considering scenarios aligned with the Paris Agreement and limiting climate change to 1.5°C, such as those provided by the International Energy Agency or the Network for Greening the Financial System? Please detail the processes employed to identify and assess material climate-related impacts, risks, and opportunities, as stipulated in Disclosure Requirement E1-9 and ESRS 2 IRO-1.
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Question Id: E1.IRO-1_13
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.
Report Date: 4Q2024Relevance: 60%