Orsted
ESRS disclosure: ESRS ESRS 2 \ DR BP-2 \ Paragraph 15
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- Has the undertaking incorporated information from other legislation or generally accepted sustainability reporting standards and frameworks into its sustainability statement? If so, disclose this fact. Additionally, if there is a partial application of such standards or frameworks, provide a precise reference to the specific paragraphs applied.
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Question Id: BP-2_16
The tables to the right and on the following pages list all of the ESRS disclosure requirements in ESRS 2 and the seven topical ESRS standards which are material to Ørsted, and which have guided the preparation of our sustainability statements. They can be used to navigate to information relating to a specific ESRS disclosure requirement (e.g. BP-1) or to our ‘entity specific data points’. They also show where to find information relating to specific disclosure requirements that lie outside of the sustainability statements and is ‘incorporated by reference’.
Report Date: 4Q2024Relevance: 60%
- Does the undertaking's sustainability statement include information derived from other legislation or generally accepted sustainability reporting standards and frameworks, in addition to the information prescribed by ESRS? If so, disclose this fact and, in instances of partial application, provide a precise reference to the specific paragraphs of the standard or framework applied.
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Question Id: BP-2_17
The tables to the right and on the following pages list all of the ESRS disclosure requirements in ESRS 2 and the seven topical ESRS standards which are material to Ørsted, and which have guided the preparation of our sustainability statements. They can be used to navigate to information relating to a specific ESRS disclosure requirement (e.g. BP-1) or to our ‘entity specific data points’. They also show where to find information relating to specific disclosure requirements that lie outside of the sustainability statements and is ‘incorporated by reference’.
Report Date: 4Q2024Relevance: 50%
- Provide a comprehensive mapping of the information contained within your sustainability statement pertaining to the due diligence process, as mandated by Disclosure Requirement GOV–4.
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Question Id: GOV-4_01
The sustainability statement provides a mapping of the due diligence process as follows:
Embedding due diligence in governance, strategy, and business model: The Human Rights Task Force oversees the integration of due diligence across procurement, operations, and communities. This is detailed in the General section on pages 63-66.
Engaging with affected stakeholders in all key steps of due diligence: Continuous dialogue and collaboration with employees, value chain workers, local communities, and at-risk groups are maintained. This is detailed in the General section on pages 75-76 and the Social section on pages 129-131, 140-141, 149-150.
Identifying and assessing adverse impacts: The double materiality assessment (DMA) identifies material adverse impacts in the business and value chain. Systematic impact assessments, risk screenings, and code of conduct assessments are conducted in the value chain. This is detailed in the General section on pages 68-72 and the Social section on pages 125-126, 138-139, 141, 144, 146-148.
Taking actions to address adverse impacts: Specific actions are taken to address material impacts identified in the DMA. Collaboration with business partners to identify performance gaps, develop and implement corrective action plans, work on strengthening pre-contractual screenings, and engage in partnerships to enhance adherence to the code of conduct are part of this process. This is detailed in the Social section on pages 128-129, 142-143, 150-151.
Tracking the effectiveness of these efforts and communicating: Key metrics are annually reported, and efforts to enhance supply chain traceability are made. This is detailed in the Social section on pages 131-136, 142, 144.
Report Date: 4Q2024Relevance: 95%