Orsted
ESRS disclosure: ESRS S3 \ DR S3-2 \ Paragraph 21
Tags Tree
- "Provide a detailed account of whether and how the perspectives of affected communities are integrated into your company's decision-making processes or activities concerning the management of actual and potential impacts on these communities. Include, where applicable, an explanation of the methods and processes employed for such engagement."
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Question Id: S3-2_01
We aim to go above the minimum regulatory requirements regarding engagement with affected communities, as we believe these engagements are essential for securing and sustaining the social license necessary for advancing renewable energy development. To ensure that our decisions reflect the perspectives of affected communities, we engage proactively with community stakeholders and local organisations and seek ongoing dialogue with them, ensuring their voices are heard and considered in our decision-making processes. This approach is being integrated across our business functions, markets, and asset projects. Engagement occurs at various frequencies and at various stages of a project. Our aim is to initiate early dialogue during the planning phase to gather the insights and concerns of the affected communities. This takes place through e.g. our community liaison officers and project staff employing different types of interaction, such as public meetings and consultations to facilitate open communication. When we employ community liaison officers in our projects, they often come from the communities we engage with, helping us gain a profound understanding of the local contexts. We continue this dialogue through the development, construction, and operation phases of our renewable energy assets.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed account of the process your organization employs to establish targets concerning the management of material negative impacts, the promotion of positive impacts, and the handling of material risks and opportunities. Specify whether and how your organization has engaged directly with affected communities, their legitimate representatives, or credible proxies with insights into their situation. Additionally, disclose the standards or commitments upon which these targets are based, such as codes of conduct, sourcing policies, global frameworks, or industry codes, as per Disclosure Requirement S3-5.
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Question Id: S3-5_06
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: 60%