Orsted
ESRS disclosure: ESRS S1 \ DR S1-1 \ Paragraph AR10
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- 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.'
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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 a detailed disclosure of the characteristics of your undertaking's employees, as required by Disclosure Requirement S1-6. This should include any contextual information necessary to comprehend the data, such as explanations for fluctuations in employee numbers during the reporting period, in accordance with paragraph 40(a)iii of ESRS 2 General Disclosures.
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Question Id: S1-6_16
The number of employees was 7% lower at the end of 2024 compared to 2023. Ørsted's voluntary turnover increased by 1.5 percentage points in 2024, whereas the total turnover increased by 4.7 percentage points. The reduction in the total number of employees and increased total turnover for 2024 are related to organizational adjustments, including redundancies, that have been undertaken to maintain competitive edge.
Report Date: 4Q2024Relevance: 85%