Orsted
ESRS disclosure: ESRS G1 \ DR G1-5 \ Paragraph 29 c
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- Provide a detailed account of the primary topics addressed in your lobbying activities and outline your organization's principal positions on these topics. Include explanations on how these align with the material impacts, risks, and opportunities identified in your materiality assessment as per ESRS 2.
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Question Id: G1-5_09
Our lobbying activities primarily concern regulation of the energy sector with a view to accelerating the deployment of renewable energy in a way that underpins urgent climate action, security of supply, competitiveness, and nature enhancement. Our main positions on these topics include support for climate policy agenda goals, namely limiting global heating to 1.5 ºC as per the Paris Agreement and supporting the expansion of renewables and the phase-out of fossil fuels.
Report Date: 4Q2024Relevance: 80%
- 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%