Orsted
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 i
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- Has the transition plan for climate change mitigation been approved by the administrative, management, and supervisory bodies?
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Question Id: E1-1_14
Governance and oversight of the transition plan: Matters related to the transition plan are addressed within our sustainability governance framework. The elements of our transition plan are fully disclosed in our annual report, which is presented to shareholders for approval at the annual general meeting (AGM), providing them with an opportunity to offer feedback.
Report Date: 4Q2024Relevance: 60%
- Has your company identified any assets and business activities that are incompatible with or require significant efforts to align with the transition to a climate-neutral economy? If so, please provide a detailed explanation of the processes used to identify these transition risks and opportunities, including any challenges related to significant locked-in greenhouse gas emissions or incompatibility with the requirements for Taxonomy-alignment as per Commission Delegated Regulation (EU) 2021/2139.
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Question Id: E1.IRO-1_14
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%