Orsted
ESRS disclosure: ESRS S1 \ DR S1-1 \ Paragraph AR10
Tags Tree
- ESRS ESRS 2ESRS 2 Framework
- ESRS E1Climate Remuneration Disclosure
- ESRS E2Pollution Management
- ESRS E3Water & Marine Resources
- ESRS E4Material Sites Disclosure
- ESRS E5Resource Use & Circular Economy
- ESRS S1Workforce Impact Disclosure
- ESRS S2Value Chain Workers Scope
- ESRS S3Affected Communities Disclosure
- ESRS S4Consumer Impact Disclosure
- ESRS G1Governance Disclosure
- Provide a detailed account of any significant changes to the policies adopted during the reporting year, particularly in relation to the undertaking's own workforce. This should include any new expectations for foreign subsidiaries, additional approaches to due diligence and remedy, and any policies or commitments aimed at preventing or mitigating risks and negative impacts on the workforce due to efforts in reducing carbon emissions and transitioning to greener operations. Additionally, outline any opportunities created for the workforce, such as job creation and upskilling, and include explicit commitments to a 'just transition.'
-
Question Id: S1-1_02
In 2024, Ørsted navigated a rapidly evolving industry landscape, necessitating organisational adjustments, including redundancies, to maintain our competitive edge. While both satisfaction and motivation levels as well as voluntary turnover remain healthy compared to industry benchmarks, the changes have had a noticeable impact on employee satisfaction and motivation and our voluntary turnover trend. This poses a short-term risk of increased voluntary turnover and lower morale, satisfaction, and heightened stress. To address these challenges, we are focused on our internal communication and change management, strengthening our focus on good leadership and mental health and reaffirming our commitment to transparency and the well-being of our workforce. Our commitment to upholding human rights is outlined in our 'Sustainability commitment', 'Global human rights policy', 'Global labour and employment rights policy', 'Stakeholder engagement policy', and 'Just transition policy'.
Report Date: 4Q2024Relevance: 60%
- Provide any contextual information necessary to comprehend the remuneration metrics, including the pay gap and total remuneration, as required by Disclosure Requirement S1-16. Detail how the data has been compiled and any changes to the underlying data that should be considered.
-
Question Id: S1-16_03
In 2024, the methodology on the gender pay gap calculations was changed to meet the requirements of the ESRS. The gender pay gap of 14% consists of individual gender pay gaps across countries where Ørsted operates. The differences in gender mix across career levels impact the pay gap. Salaries are reviewed annually, and increases come into effect on 1 June. Employees must have been employed for 12 months on that date to be included in the calculation.
Report Date: 4Q2024Relevance: 85%