Orsted
ESRS disclosure: SBM-1_26
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- Provide a comprehensive description of your business model and value chain, specifically detailing the inputs utilized and the methodologies employed in gathering, developing, and securing these inputs.
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Question Id: SBM-1_26
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%