Orsted
ESRS disclosure: ESRS ESRS 2 \ DR SBM-1
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- Provide a detailed description of the significant groups of products and/or services offered by your company, including any changes in the reporting period such as new or removed products and/or services, as part of the key elements of your general strategy that relate to or affect sustainability matters.
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Question Id: SBM-1_01
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.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed description of the significant markets and/or customer groups your company serves, including any changes that occurred during the reporting period, such as new or removed markets and/or customer groups. This information should align with the key elements of your general strategy that relate to or affect sustainability matters, as per Disclosure Requirement SBM-1 concerning Strategy, Business Model, and Value Chain.
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Question Id: SBM-1_02
We help countries and companies meet their climate targets. We enter into long-term agreements to give customers certainty about the costs and origin of their renewable power supply.
Report Date: 4Q2024Relevance: 60%
- Provide the total number of employees, categorized by geographical areas, as part of the disclosure requirement for Strategy, Business Model, and Value Chain (SBM-1), detailing key elements of the general strategy related to sustainability matters.
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Question Id: SBM-1_03
Total number of employees as of 31 December 2024 is 8,407. Denmark: 3,984, The UK: 1,272, Malaysia: 792, Poland: 763, The US: 720, Germany: 390, Taiwan: 199, The Netherlands: 105, Ireland: 100, Other: 62.
Report Date: 4Q2024Relevance: 25%
- Provide the total headcount of employees, categorized by geographical areas, as part of the disclosure requirement under SBM-1 concerning the key elements of your general strategy that relate to or affect sustainability matters.
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Question Id: SBM-1_04
Total headcount of employees as of 31 December 2024 is 8,407. Denmark: 3,984, The UK: 1,272, Malaysia: 792, Poland: 763, The US: 720, Germany: 390, Taiwan: 199, The Netherlands: 105, Ireland: 100, Other: 62.
Report Date: 4Q2024Relevance: 25%
- Provide a detailed account of your organization's involvement in the fossil fuel sector, specifically in coal, oil, and gas. This should include a statement confirming your active participation in this sector, along with the associated revenues. Clearly delineate revenues generated from exploration, mining, extraction, production, processing, storage, refining, or distribution activities, including transportation, storage, and trade of fossil fuels. Additionally, break down the revenues obtained from coal, oil, and gas separately. Include any revenues from Taxonomy-aligned economic activities related to fossil gas, as stipulated under Article 8(7)(a) of Commission Delegated Regulation 2021/2178.
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Question Id: SBM-1_09
Taxonomy-aligned revenue (turnover) for gas (sales) is 6 DKKm in 2024, with a 2% change from 2023. Oil (generation and distribution) is 1 DKKm in 2024, with a 1% change from 2023. Coal (generation) is 1 DKKm in 2024, with a 3% change from 2023.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of your organization's sustainability-related goals, specifically addressing significant groups of products and services, customer categories, geographical areas, and relationships with stakeholders, as they pertain to the key elements of your general strategy, business model, and value chain.
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Question Id: SBM-1_21
We develop, construct, and operate our renewable energy assets in an environmentally and socially sustainable way. We work continuously to integrate sustainability into our strategy and business model and to respond to the main challenges and opportunities ahead of us and in our industry. We have three strategic sustainability priorities – decarbonisation, biodiversity, and community impact – which play an enabling role in our commercial and project delivery. These priorities were confirmed by the result of our 2024 double materiality assessment (DMA) and reflect where strategic value is gained in our business model by creating positive impacts on nature and society. At the same time, we acknowledge the aspects of our strategy and business model that bring vulnerabilities and risks. Renewable energy requires significant amounts of natural resources, such as steel, with negative impacts on climate and the environment. The build-out also affects people and local communities. We therefore focus our efforts on making sure that we mitigate negative impacts while creating positive impacts by decarbonising societies, helping to protect nature, and making sure the build-out brings benefits to people, workers, and local communities.
Report Date: 4Q2024Relevance: 65%
- 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.
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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%
- Provide detailed information regarding the key elements of your general strategy that relate to or impact sustainability matters. This should include any main challenges anticipated, critical solutions or projects planned, and their relevance to sustainability reporting.
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Question Id: SBM-1_23
Key elements of our strategy that impact sustainability matters include developing, constructing, and operating renewable energy assets at scale. Main challenges include the use of virgin and scarce raw materials, energy- and emissions-intensive supply chain, vulnerable supply chain workers, renewable energy capacity build-out co-existing with nature, ecosystem and biodiversity impacts from our supply chain, local resistance to renewable energy assets, and political opposition to and lack of support for renewable energy build-out. We respond to these challenges through strategic sustainability priorities: Decarbonisation (optimising the use of resources and energy and reducing GHG emissions, collaboration with suppliers to decarbonise materials and processes, roadmaps to decarbonise key resources and processes, partnerships to improve recyclability of our renewable energy assets), Biodiversity (protect and preserve nature and reduce direct impact drivers of biodiversity loss, application of our measurement framework and the mitigation hierarchy, site monitoring and action plans, including positive impact efforts), and Community impact (ensure people in the regions where we operate benefit from and support the build-out, engagement and ongoing dialogue with affected communities, integration of affected communities’ perspectives in project planning phase).
Report Date: 4Q2024Relevance: 95%
- Provide a comprehensive description of your business model and value chain, as mandated by Disclosure Requirement SBM-1, under the Strategy, Business Model, and Value Chain section.
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Question Id: SBM-1_25
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: 90%
- 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%