Orsted
ESRS disclosure: ESRS ESRS 2 \ DR IRO-1 \ Paragraph 53 e
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- Provide a detailed account of the extent to which and how your process for identifying, assessing, and managing impacts and risks is integrated into your overall risk management process. Additionally, explain how this integration is utilized to evaluate your overall risk profile and risk management processes.
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Question Id: IRO-1_12
Our 'Stakeholder engagement policy' underscores our commitment to actively listen to and engage with our stakeholders. Through ongoing dialogue, we gain insight into their positions, concerns, and expectations. The insights gained from these dialogues inform our due diligence processes and double materiality assessment. This allows us to align our sustainability priorities, projects, and processes with the interests and views of our stakeholders. Guided by principles of openness, transparency, and integrity, our Stakeholder engagement policy adheres to international norms and codes, including the UN Guiding Principles on Business & Human Rights, the UN Declaration on the Rights of Indigenous Peoples, and the IFC Performance Standards on Social & Environmental Sustainability. We ensure that the views and interests of affected stakeholders regarding our sustainability-related impacts, risks, and opportunities are regularly communicated to the relevant accountable person in the Group Executive Team through periodic meetings.
Report Date: 4Q2024Relevance: 60%