Orsted
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 19
Tags Tree
- Provide a detailed account of whether and how your company's policies concerning value chain workers align with internationally recognized instruments pertinent to value chain workers, such as the United Nations Guiding Principles on Business and Human Rights. Additionally, disclose the extent to which any instances of non-compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been reported within your upstream and downstream value chain. If applicable, include an indication of the nature of such cases.
-
Question Id: S2-1_08
We align our policies with relevant internationally recognised guidelines and standards. Our 'Global human rights policy' aligns with the UN Guiding Principles on Business and Human Rights (UNGPs), the OECD Guidelines for Multinational Enterprises, the International Bill of Human Rights, and the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work. Our 'Just transition policy' is aligned with the UN Global Compact (UNGC) and the ILO Declaration on Fundamental Principles and Rights at Work. Our code of conduct for business partners adheres to several standards and conventions, including the OECD Due Diligence Guidance, the Maritime Labour Convention, IFC Performance Standards and the previously mentioned guidelines. We are currently not able to fully assess our full value chain for instances of non-respect for these principles, besides the indications from our external risk ratings and controversy reports, which have not identified any material incidents.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of whether and how your company's policies concerning value chain workers align with internationally recognized standards, specifically the United Nations Guiding Principles on Business and Human Rights. Additionally, disclose the extent to which any instances of non-compliance with these principles, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises have been identified within your upstream and downstream value chain. If applicable, include an indication of the nature of such cases.
-
Question Id: S2-1_09
We align our policies with relevant internationally recognised guidelines and standards. Our 'Global human rights policy' aligns with the UN Guiding Principles on Business and Human Rights (UNGPs), the OECD Guidelines for Multinational Enterprises, the International Bill of Human Rights, and the International Labour Organisation’s (ILO) Declaration on Fundamental Principles and Rights at Work. Our 'Just transition policy' is aligned with the UN Global Compact (UNGC) and the ILO Declaration on Fundamental Principles and Rights at Work. Our code of conduct for business partners adheres to several standards and conventions, including the OECD Due Diligence Guidance, the Maritime Labour Convention, IFC Performance Standards and the previously mentioned guidelines. We are currently not able to fully assess our full value chain for instances of non-respect for these principles, besides the indications from our external risk ratings and controversy reports, which have not identified any material incidents.
Report Date: 4Q2024Relevance: 85%
- What resources has your undertaking allocated to manage its material impacts on value chain workers, and how do these allocations enable users to understand the management of these impacts?
-
Question Id: S2-4_12
To measure the effectiveness of our engagements, we assess outcomes of our assessments on an ongoing basis, including any agreements or remedial actions implemented as a result. We continuously work to improve our approach and, ultimately, value chain worker conditions. The senior operational responsibility for overseeing these engagements rests with our Chief Procurement Officer, ensuring that results are integrated into our broader due diligence processes. In 2024, we have improved the evaluation of our due diligence process and are working on optimising it alongside relevant internal teams, such as our QHSE team. In 2025, we aim to implement the new process in the organisation as well as mature the monitoring of contracted suppliers.
Report Date: 4Q2024Relevance: 65%