Orsted
ESRS disclosure: ESRS ESRS 2 \ DR IRO-1 \ Paragraph 53 b i
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- Provide a detailed description of the process your company employs to identify, assess, prioritize, and monitor potential and actual impacts on people and the environment. This should include an explanation of whether and how this process focuses on specific activities, business relationships, geographies, or other factors that lead to an increased risk of adverse impacts, as informed by your due diligence procedures.
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Question Id: IRO-1_03
We have considered all the sub-sub-topics listed in ESRS 1 when identifying our impacts, risks, and opportunities (IROs). For impacts on people and the environment (inside-out), we considered both positive and negative impacts related to sustainability matters, which can be both actual and potential. In our financial assessment (outside-in), we assessed potential sustainability-related risks that could trigger a negative financial effect on our business and opportunities that could benefit our business positively. We considered activities within our own operations as well as from our business relationships and value chain. Our value chain assessment mainly focused on our first-tier suppliers, and beyond that, we relied on industry-wide value chain assessments, industry knowledge, and internal knowledge based on our engagement in various forums. We had particular focus on the upstream value chain focusing on sourcing of materials and exposure to certain geographies that might give rise to a heightened risk of adverse human and labour rights and of environmental impacts due to the nature of our industry.
Report Date: 4Q2024Relevance: 85%