Our sustainability governance enables us to deliver on sustainability matters. In 2024, we redesigned our sustainability governance. The new set-up ensures clear executive accountability for our sustainability matters and stronger ownership of material sustainability impacts, risks, and opportunities throughout Ørsted. The new governance was approved by our Group Executive Team in 2024 and will be fully implemented in 2025.

The Board of Directors is the highest governing body for sustainability. The Board ultimately approves the strategic direction and targets, oversees our performance on material sustainability impacts, risk, opportunities (IROs), and approves the double materiality assessment (DMA) results annually.

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.

The Group Executive Team steers and approves the strategic direction on sustainability and is accountable for oversight and performance on material sustainability IROs. Ørsted’s Chief Commercial Officer (CCO) has the overall responsibility for ensuring that the business delivers on our sustainability targets and actions, in line with our sustainability ambition. Our Chief Financial Officer (CFO) is responsible for our sustainable finance reporting, including our CSRD reporting.