Orsted
ESRS disclosure: ESRS ESRS 2 \ DR BP-1
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- Provide information on whether the sustainability statement has been prepared on a consolidated or individual basis, as per Disclosure Requirement BP-1 – General basis for preparation of the sustainability statement.
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Question Id: BP-1_01
The sustainability statements have been prepared on a consolidated basis. The data is consolidated according to the same principles as the financial statements and thus comprises the parent company Ørsted A/S and subsidiaries controlled by Ørsted A/S.
Report Date: 4Q2024Relevance: 95%
- Confirm whether the scope of consolidation for the consolidated sustainability statement aligns with that of the financial statements. If not applicable, declare whether the reporting undertaking is exempt from preparing financial statements or is preparing consolidated sustainability reporting in accordance with Article 48i of Directive 2013/34/EU.
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Question Id: BP-1_02
The data is consolidated according to the same principles as the financial statements and thus comprises the parent company Ørsted A/S and subsidiaries controlled by Ørsted A/S.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed account of the extent to which the sustainability statement encompasses the undertaking's upstream and downstream value chain, as stipulated in Disclosure Requirement BP-1 concerning the general basis for preparation of the sustainability statement.
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Question Id: BP-1_04
The sustainability statements cover our upstream and downstream value chain as the related impacts, risks, and opportunities have been identified and assessed in our DMA. Selected policies, actions, and targets extend to our value chain, where relevant.
Report Date: 4Q2024Relevance: 80%
- Provide a comprehensive description of your business model and value chain, detailing the primary characteristics of both your upstream and downstream value chains. Include your organization's position within these chains, and describe the main business actors involved, such as key suppliers, customers, distribution channels, and end-users, along with their relationships to your organization. If your organization operates multiple value chains, ensure the disclosure encompasses the key value chains.
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Question Id: SBM-1_28
Our material sustainability-related impacts, risks, and opportunities (IROs) across our full value chain include:
Upstream value chain: Mining of minerals and metals, resource extraction and processing, animal habitats, supply chain workers.
Own operations: Offshore wind farms, onshore wind farms and onshore renewables construction, energy storage, solar farms, biodiversity restoration, power stations, Ørsted workplaces, employees.
Downstream value chain: Farm-downs, gas and power sales, society.
Positive impacts include renewable energy deployment and local jobs and educational opportunities. Negative impacts include natural resources exploitation and land-use and freshwater-use change, habitat loss from land degradation, species population size decrease, and extinction risk increase, use and depletion of virgin materials, pollution from mining, and Indigenous Peoples’ rights and livelihoods possibly disrespected or disrupted by suppliers. Sustainability-related risks include climate-related transition risks due to changes in political support, climate-related physical risks, dependence on scarce critical raw materials, increased voluntary turnover, possible supplier misconduct concerning forced labour, local communities’ resistance and concerns, increasing local content and social impact requirements in tender processes, and consent of Indigenous communities. Sustainability-related opportunities include renewable energy deployment and biodiversity restoration, research, and innovation initiatives.
Report Date: 4Q2024Relevance: 60%