Orsted
ESRS disclosure: ESRS S3 \ DR S3-1 \ Paragraph AR 9
Tags Tree
- Can you provide a detailed explanation of any significant changes made to the policies adopted during the reporting year, specifically in relation to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities? Include a description of the process for setting these targets, and specify whether and how your organization engaged directly with affected communities, their legitimate representatives, or credible proxies with insight into their situation. Ensure that the description includes key information necessary for a faithful representation of the policies related to affected communities, particularly highlighting any new or additional approaches to engagement, due diligence, and remedy.
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Question Id: S3-1_08
In 2024, we laid the foundation for many of the initiatives currently in progress for managing our negative impact and risks associated with failing to respect Indigenous Peoples’ rights and ensuring FPIC in our own operations. We began by developing a global guidance for social and human rights impact assessments, which will allow us to proactively manage these risks and impacts before the construction of new projects.
Furthermore, we finalised our internal guidelines for free, prior, and informed consent (FPIC), a framework designed to ensure respectful and transparent engagement with Indigenous communities. These guidelines guarantee that we secure consent from Indigenous communities before initiating projects that might impact their lands or cultural heritage.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed account of the process your organization employs in setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities. Specifically, disclose whether and how your organization engaged directly with affected communities, their legitimate representatives, or credible proxies who possess insight into their situation, in tracking your organization's performance against these targets.
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Question Id: S3-5_02
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.
Report Date: 4Q2024Relevance: 50%