Orsted
ESRS disclosure: ESRS G1 \ DR G1-5 \ Paragraph 29 b
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- Provide detailed information regarding financial or in-kind political contributions as stipulated under Disclosure Requirement G1-5, which pertains to political influence and lobbying activities, in accordance with paragraph 27 of the ESRS regulations.
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Question Id: G1-5_02
The data covers financial contributions made either directly or indirectly to beneficiaries that are related to our material impacts, risks, and opportunities, which primarily concern climate-related advocacy. External expenses are included. Internal expenses, such as salary for employees working within this area of expertise, are excluded. Our policy does not allow for in-kind political contributions, and consequently this is not relevant to report.
Report Date: 4Q2024Relevance: 85%
- Provide detailed information regarding the role of the administrative, management, and supervisory bodies in relation to business conduct, as stipulated in Disclosure Requirement ESRS 2 GOV-1.
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Question Id: G1.GOV-1_01
The Board of Directors has established three committees: The Audit & Risk Committee, the Nomination & Remuneration Committee, and the Asset Project Committee. The Audit & Risk Committee oversees the integrity of financial and sustainability reporting, compliance with statutory requirements, and evaluates external auditors' independence. It also manages the company's whistleblower scheme. The Nomination & Remuneration Committee assists the Board in matters regarding composition, remuneration, and performance. The Asset Project Committee oversees planning, execution, and delivery of asset projects to meet strategic objectives. The Group Executive Team, appointed by the Board of Directors, manages day-to-day operations according to the Board's guidelines. They conduct annual risk assessments and have established internal control systems to mitigate risks in financial and sustainability reporting.
Report Date: 4Q2024Relevance: 85%