Orsted
ESRS disclosure: ESRS S3 \ DR S3-4 \ Paragraph AR 35
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- Identify and describe any initiatives or processes your organization has implemented that primarily aim to deliver positive impacts for affected communities, while also supporting the achievement of one or more Sustainable Development Goals. Specify if these initiatives or processes are designed to address material risks and opportunities related to specific groups within your value chain workers, such as particular age groups or workers in specific factories or countries, rather than the entire workforce.
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Question Id: S3-4_18
One of our major accomplishments this year was launching the Hornsea 3 Community Fund to support local groups and organisations in North Norfolk and parts of Suffolk in the UK who work with community facilities or activities, skills and education, or environmental projects. In September 2024, the fund announced its first round of awards, as a total of GBP 249,000 was distributed to 21 local organisations selected for their potential to strengthen community well-being and resilience.
These projects include educational initiatives to enhance skills, environmental conservation efforts, and programmes aimed at improving public health and social well-being. Among the funded projects are community centres, youth initiatives, and environmental programmes focused on boosting local biodiversity. The fund is made available as part of our project to create the world’s single largest offshore wind farm, Hornsea 3, and will award a total of GBP 7 million over a targeted ten-year period.
Report Date: 4Q2024Relevance: 80%