Orsted
ESRS disclosure: SBM-1_22
Tags Tree
- Provide an assessment of your current significant products and/or services, as well as significant markets and customer groups, in relation to your sustainability-related goals, as part of the disclosure requirement SBM-1 concerning your strategy, business model, and value chain.
-
Question Id: SBM-1_22
We create value by developing, constructing, operating, and owning renewable assets and by providing sustainable energy products to our customers. Our portfolio includes offshore and onshore wind farms, solar farms, energy storage, and CHP plants. Our business relies on natural resources, such as wind and sun, for our assets to generate the renewable energy we sell to our customers. To deliver on our renewable capacity target, we also depend on materials such as steel and copper and on critical raw materials. We secure those inputs through volume agreements and a thorough process for vetting new suppliers. We depend on human capital through our talented 8,000+ employees, working to create value every day while adhering to our core values. Our business model depends on financial capital where our partnership model plays a key role in recycling cash flow through farm-downs. We depend on political support for the continued renewable energy build-out, and we rely on a constructive dialogue with authorities, suppliers, investors, and joint venture partners.
Report Date: 4Q2024Relevance: 85%