Orsted
Electric Utilities
Denmark
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%
- Provide an explanation detailing how the climate scenarios utilized align with the critical climate-related assumptions outlined in the financial statements, as per Disclosure Requirement E1-9 concerning anticipated financial effects from material physical and transition risks and potential climate-related opportunities. Note that quantification of financial effects from opportunities is not mandatory if it does not adhere to the qualitative characteristics of useful information as specified in ESRS 1 Appendix B.
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Question Id: E1.IRO-1_16
Our physical climate risk assessment analyses data based on the remaining operational lifetimes of our assets, which extend up to 35 years. This period is considered medium term in climate projections, as significant climate changes are not typically observed in the short term.
Report Date: 4Q2024Relevance: 60%