Provide a detailed account of the process your organization employs to establish targets aimed at managing material negative impacts, enhancing positive impacts, and addressing material risks and opportunities. Specify whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Additionally, describe the actions taken concerning material impacts on affected communities, the strategies for managing material risks, and the pursuit of material opportunities related to these communities. Include an evaluation of the effectiveness of these actions, particularly in relation to environmental matters as outlined in ESRS E1 to E5.

Question

Accepted Answer

Currently, we have not set time-bound and outcome-oriented targets that meet the criteria for effectively reducing negative impacts, advancing positive impacts, or managing material risks and opportunities related to affected communities. However, we recognise the importance of establishing robust targets to drive meaningful progress in this area.
We are working to establish a clear community engagement process that will involve engaging directly with the affected communities, their representatives, or credible proxies. In the meantime, we are focused on gathering data and assessing current practices to ensure that future targets are effective and aligned with stakeholder needs. We are not yet fully able to monitor how effectively our policies and actions address our material sustainability-related impacts, risks, and opportunities for affected communities.

Orsted

ESRS disclosure: S3-4_14

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