Orsted
ESRS disclosure: ESRS G1 \ DR G1.GOV-1
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- 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%
- Provide detailed information regarding the expertise of the administrative, management, and supervisory bodies in business conduct matters, as required under ESRS 2 GOV-1 concerning their roles.
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Question Id: G1.GOV-1_02
The Board of Directors includes individuals with extensive experience and expertise in various fields relevant to business conduct. Lene Skole has experience in managing listed companies and serves as CEO of Lundbeckfonden. Andrew Brown has extensive international executive experience from leading positions in large global organizations. Annica Bresky has leadership experience from global companies within the forestry, paper, and packaging industry. Julia King has a strong international background in engineering and academia. Peter Korsholm has extensive M&A experience and financial reporting expertise. Dieter Wemmer is highly experienced in capital markets and risk management. Benny Gabel, Leticia Francisca Torres Mandiola, Ian McCalder, and Anne Cathrine Collet Yde have various roles within Ørsted, contributing to their expertise in business conduct matters.
Report Date: 4Q2024Relevance: 85%