Provide a detailed account of the governance processes, controls, and procedures utilized by your administrative, management, and supervisory bodies to monitor, manage, and oversee impacts, risks, and opportunities. Specifically, describe management's role within these processes, indicating whether this role is delegated to a specific management-level position or committee. Additionally, elucidate on the mechanisms through which oversight is exercised over the designated position or committee.

Question

Accepted Answer

The Audit & Risk Committee reports to the Board of Directors. The committee is responsible for the integrity and statutory compliance of Ørsted’s CSRD reporting. The Audit & Risk Committee meets six times a year and annually reviews our CSRD reporting, including the DMA results, before the Board of Directors approves it.

Orsted

ESRS disclosure: GOV-1_11

Tags Tree