Provide a detailed explanation of how climate-related scenario analysis, incorporating a variety of climate scenarios, has been utilized to inform the identification and assessment of physical risks, transition risks, and opportunities over the short, medium, and long term, in accordance with the disclosure requirements outlined in ESRS 2 IRO-1.

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_15

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